February 27, 1949

The force of the decline in industrial activity is diminishing and business may level off and maintain present lower rates for a few months, according to Robert C. Swanton, director of purchases in the Winchester Repeating Arms Corporation, division of Olin Industries, Inc., New Haven, in his report of the composite opinion of purchasing agents who comprise the business survey committee of the National Association of Purchasing Agents.

Internatl Ski Fed cross-country, S Dunklee wins

Sun to conf with Li on peace with Communists, Nanking; full accord among Govt factions seen unlikely; peace proposals being discussed among Govt officials outlined

The stock market managed yesterday to rally for the first time in a week, although most increases held to fractions. The stimulant for the rebound was supplied by the air transport issues, which were helped by plans of the Civil Aeronautics Board for an extensive economic program designed to help the financial status of the nation's airlines.

HARLINGEN, Tex., Feb. 26 -- Cary Middlecoff, Memphis, Tenn., dentist, let the birdies sing in the rain for him today as he sloshed through mud and water to a great 63 and leadership at the three-quarter mark in the $10,000 Rio Grande Valley open golf tourney.