In other economic developments reported in the paper that day, Republican Governor Dewey had approved legislation expanding college opportunities for veterans in New York state. The bill authorized the state to contract with schools on behalf of veterans. It also empowered the administration to grant funds from the $35-million emergency veterans housing appropriations to build dorms for servicemen, classrooms and other school facilities, and provide transportation.
In its cursory coverage of the financial markets, the Sunday News reported that end of the week profit taking had led to modest losses for the stock market.