European Stars And Stripes (Newspaper) - October 24, 1950, Darmstadt, Hesse                                1950 the stars and stripes Page 7 business in the rising 20year Stock High feature weeks Industry picture i Friol that re Phillips by Phillips n e w v o r 23 business trends were generally higher last week As new gains in Industrial production More than offset sagging tendencies in retail Trade and other activities at the consumer steel production was at a record breaking Pace for the fourth week in a to Good gains Over the preceding week and last year were recorded in car Automo bile heavy Sofi Roa and paper and paperboard the excellent results on the production front were aided by the Ainos Complete Lack of labor a steady flow of new Wujec increases to workers was created with an important assist in this the Stock Market rounded out the picture by Hilling a 20year High in midweek and holding within a few of the Peak despite heavy profit taking and Short Selling on the first Bufi Batch of corporation earning is reports Dis closing gains in the third Quarter Over the 1949 period was an important bullish housewives find prices Down in some cases even the housewife with her perpetual budget problems found a place in the Bright economic skies this Price shifts at the Corner store were in her favor More often than and activity at the whole level Lent encouragement to the thought that the general Levei of prices had reached an area of stability Over the intermediate principal reasoning behind the idea of Price stability was the great amount of activity at top govern mental Levels to arrest the forces of inflation through Price suffer mortgage rules and other directives aimed at the flow of goods and while Overall business conditions have not yet reflected this activity to any great the application of the new opera Ling rules in the credit Field has produced an under current of especially among automobile electrical furnishings and almost All kinds of household Home interests deride Large payments automobile dealers claimed to be Hurt by the larger Down payments and Shorter time spokes men for Large housing interests professed to be outraged by the new mortgage almost to a Man they forecast liberalization of the stricter credit rules As soon As the full Impact of the restriction is Felt on the National Economy in the form of blow Cul bocks in employment and increases in while sympathetic to the idea of doing something to Stop critics of the government curbs contend that natural corrective forces were already at work in the came Field and the government terms were far Loo stiff in of results already that the government was think ing in exactly opposite terms was amply illustrated several times during the the latest Friday when John presidential told a mount gathering that still tighter curbs on instalment buying May be while still at relatively High Levels and apparently assured of Good business Over the balance of this retail Trade has been slipping week to week since the new credit restrictions were put effect and Forward buying for inventory has been leisurely on a Meare a spectacular break in Douglas fir lumber prices on the West coast was blamed on the drop in building activity that has taken place since the government intervened in easy mortgage a big downtown office building in Detroit planned by the Fisher Brothers has been put off indefinitely in View of conditions created by the Asiatic conflicts and re armament Auto production equals current sales demand for the first time in Many months current automobile output is about even with or greater than current heavier Down pay ments and Shorter terms get the principal except for the slight lag in re Tail Trade and several other con Sumer this was distinctly an up week in business and Industry with a new record High in steel output the big Mills operated at per cent of capacity and produced tons of finished this com pared with the previous High of turned out in the preceding week when Mills worked at 1016 per a year ago there was of asks loyalty but wont Force them san 23 the Board of of the univer sity of California has asked All University employees to sign the new Stase anticommunist but walked at withholding the salary of any employee who fourteen of the 24 regents have taken the oath but the Board voted unanimously against a Resolution to withhold salaries of University personnel who refuse to the regents challenged the authority of the state legislature to require Universy employees to take the but previously the regents had insisted that school personnel actress wed it lace in Seetal Fields that reduced steel Mill activity Toa Token arid Only tons were turned the steady pickup in Railroad business in weeks showed Nosi Ansof a letdown As car Load Ings Rose to from in the preceding week and compared with a year nearly All of the increase was in miscellaneous kind that regard As their bread which usually returns a greater Revenue per car than any Ether loadings of this Type totalled compared with a year automobile output stepped up to units in this country and Canada from in the preceding period and compared with 049 a year materials shortages held Down production in some including Industrial projects swell construction awards soft Coal output Rose to tons from in the previous week and was in Sharp contrast with the Small tonnage of mined a year ago by the Union mines were then closed by a engineering construction awards expanded to from in the preceding week and compared with a year several Large Industrial projects associated with the armaments program helped swell the paper production Rose to per cent of capacity As Mills strained to meet stepped up demand in both this country and an in crease of a ton in the Price of newsprint was announced by two Canadian producers during the Denise French with Peter Washington to whom she was married at Patricks new York sign a loyalty the new state Law requires All county and local Public work ers to take the oath and would deny them salaries if they refuse the state attorney generals office ruled that University personnel were affected by the oath but the regents asked their attorney to Institute a test Case of the oath Law to determine if it applied to the the deadline for signing is bus Frits truck in rain two 18 Hurt 23 a a Continental trailways head ing South from Memphis in a driving smashed into a parked truck near killing two Pas sengers and injuring about Mississippi state safety inspector Griffin tentatively identified the dead As Thomas William of and Edna of paperboard output up As electric Oiver dips paperboard output was stepped up to per cent of capacity from in the previous week and compared with a year a modest decline in electric Power output to Kwh was the first decline in months and followed record breaking production through out the late summer and Early fall the weeks output compared with the record High established in the previous there was a slight dip in crude Oil production to a daily average of from in the pre ceding week but output was Well ahead of in the comparable 1949 banking statistics were featured by another Advance in business Loans by sending the total outstanding to a record High of it was the third week in that business Loans reached a new gop cards quiz voter son demo policies 23 republicans have begun bombard ing us voters with postcard denunciations of administration policy in the far East and in the mails Are a flood of double size postcards bearing 14 most of them on korean which rep Walter Judd r recently read to the House after saying he  get the administration to answer some of the questions Why did Secretary of state Dean Acheson invite the communists to take Over Formosa and China Why did president Truman insist that Chiang Waishek take communists into the chinese government what went with the spent on National defense since world War ii cards mailed democratic sen Clinton an Derson of new executive Vic chairman of his party National said he under stood at least of the Post cards were being mailed postage free under the franking privilege of Republican Anderson accused the republicans of spending Public funds to Send out phony and fraudulent Campaign he added in a state ment these questions Are based upon misunderstanding and downright each of them has been answered time after time and the false assumptions on which they Are based have been thoroughly Anderson said the administration has taken firm measures to Cheek communist aggression while at almost every step these measures have been opposed by isolationist Republican Korea Victory cited As credit to unification 23 Cess of United nations Force sin Korea were cited by Paul assistant Secretary of defense As a real commendation for unification of military speaking to Pittsburgh american said the Quick Reserve of conditions in Korea also shows that the in has a positive potentiality for there is one Good answer to All Adverse criticism and one Good proof of the adequacy of our Griffith he added within 90 Days after the unprovoked attack of Norih korean communists on the free Republic of South the invaders had been driven out of the territory for free within this Brief period the overwhelmingly outnumbered United nations composed largely of americans with bases Miles had repelled and virtually destroyed a thoroughly modern army of approximately a Quarter of a million Well armed Griffith said the action in Korea and our present program for military expansion and military assistance abroad emphasizes again a need which this seems to it is the need for uni Versal military training an essential part of any preparedness Griffith said the most significant Point of the korean fighting is that communism is now ready to resort to military aggression whenever necessary to continue its destruction of the free family killed in crash 23 Memphis couple and their two Young children were killed in the Headon crash of their Auto with a trailer truck near Highway patrolmen identified the victims As Daniel 27 his 25 Patricia and William czech refugee Mother reunited Chicago 23 pretty b r u n e t ice skating Star and her Fec separately from behind the Iron curtain nearly a year been reunited in Chicago Aja worlds Champion woman figure skater in 1949 and became an exile from Czechoslovakia when she appeared in a contest in London last March from London she travelled to can Ada and then 10 the where she joined tiie cast of the ice Fol lies show now appearing in her Enka escaped from Czechoslovakia five Days later when crewmen of a Prague Bouno Airliner on which she was 3 passenger landed the plane at a Bast in Western she came to the recently on a 12week visors neither Aje nor her Mother have heard from the skaters who was in the ministry of finance be fore the Iron curtain descended on 3 of 4 airmen found after b50 bailout oct 23 a an air Force crewman who bailed out of a plane five Miles above the Earth was found after lying All night in a heavy two other crewmen were found an hour after an explosion aboard a b50 bomber forced them to they were slightly another crewman still is five other airmen Rode the big four engined plane to an emergency Landing at the Birmingham sgt Carlos of Savan was found he landed in a Tal Only slightly injure but As he was climbing a Branch broke and he dropped breaking his Lay through the night with the rain falling in at Dawn he crawled three Miles to a a Rescue plane spotted his Parachute and alerted ground who picked him of organizes new division 23 the air Force yesterday established its scientific research and develop ment division As a major Independent the other four major of com mands Are operations and the Materiel command has been handling research and the of said temporary head quarters for the new command will be maintained Arwright Patterson air Force until per manent Headquarters Are set maj Gen David Schlatter will continue As commanding general of the research and development pro Gram with maj Gen Gordon Saville As under present plans the Arnold engineering development Tullahoma now directly under the a chief of and the electronics development griffiss air Force will major divisions of the research and development com Griffin named chief of far East Ega 23 Ega administrator William Foster has announced the appointment of Allen Griffin As director of the Eca far East a former Deputy chief of the Eca Mission to the us economic Survey Mission to Southeast Asia which toured that area two months last he succeeds Harlan Cleveland who a been acting director of that division for the past several town loses sole doctor Cadiz 23 citizens of this Community of circulated petitions to regain the services of their Only full Lime or Donald who i has been called to army