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April 25, 1948

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Headlines from April 25, 1948

COMPETITION SEEN BEHIND PRICE CUTS; Supply Catching Up to Demand in Many Standard Products, Say Industrial Executives

By Hartley W. Barclay

Big business is reducing prices for competitive reasons and because supply is catching up with demand in a variety of standard products. But instead of reducing demand, lower prices for steel and electric motors will immediately activate production projects held back to await the arrival of lower prices, industrial executives here declared yesterday.

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Notable Births

1948Mike Selvey, English cricketer and sportscaster[โ€ ]

Michael Walter William Selvey is an English former Test and county cricketer, and now a cricket writer and commentator.

You Si-kun

1948Yu Shyi-kun, Taiwanese politician, 39th Premier of the Republic of China[โ€ ]

You Si-kun, also romanized Yu Shyi-kun, is a Taiwanese politician. He was one of the founding members of the Democratic Progressive Party (DPP), and is known to be a strong advocate of Taiwan independence. He led the DPP as chairman from 2006 to 2007 and served as Premier from 2002 to 2005.