On this day

September 12, 1948

Revisit the news, notable people, and historical moments connected to this date.

Notable Births

Steve Turre

1948Steve Turre, American trombonist and educator[†]

Stephen Johnson Turre is an American jazz trombonist and a pioneer of using seashells as instruments, a composer, arranger, and educator at the collegiate-conservatory level. For sixty-two years, Turre has been active in jazz, rock, and Latin jazz – in live venues, recording studios, television, and cinema production.

1948Max Walker, Australian footballer, cricketer, sportscaster, and architect (died 2016)[†]

Maxwell Henry Norman Walker was an Australian sportsman who played both cricket and Australian rules football at high levels. After six years of balancing first-class cricket in summer, professional football in winter and study for a degree in architecture, Walker earned a place in the Australian cricket team in 1972 and represented his country in the sport until injury ended his career in 1981. Following his retirement, he worked as an architect and also commenced a career in radio and television media. He wrote 14 books over a period of thirty years and became a successful public speaker. His unorthodox cricket bowling action earned him the nickname "Tangles", and his larrikin character made him a much-loved figure with the Australian public. Walker died of multiple myeloma on 28 September 2016 after being diagnosed with the disease three years earlier. He was a part of the Australian squad which finished as runners-up at the 1975 Cricket World Cup.

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Headlines from September 12, 1948

WALL ST. SIZING UP FINANCING FOR FALL; Experts Confess Perplexity Over Outlook for Industry, Securities Markets BANK TACTICS WATCHED Mark-Down of Eligible Bonds Renews Debate Whether Price Pegs Should Be Dropped WALL ST. SIZING UP FINANCING FOR FALL

By Paul Heffernan

Wall Street is standing today at the threshold of another season carrying the prospect of substantial new-money financing, but what the effect will be on interest rates, on industrial initiative, and on the function of the public securities markets, nobody knows. Even after a year of adjustment to the reappearance of a nearly forgotten economic force -- a buyers' market for bonds -- financiers confess to perplexity at the questions popping up all over.

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