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OCR Page 1 of 3CABINET MEETING, FEBRUARY 11, 1949*
NATIONAL
ARCHIVER AND
Photo of new Cabinet.
THE PRESIDENT
Asked Webb to make statement.
WEBB
Expressed appreciation for cooperation he has received from other
members of Cabinet.
Brannan
Made report of the break in grain market. Only speculators have
been hit. The trading has been not in grain but in futures.
SAWYER
Trans-Arabian oil line is up again. We have been withholding ex-
port licenses for pipe. Situation now indicates that pipe line licenses
will be issued because steel companies say there are no domestic bidders
for the type of pipe Arabians want. Believes that we now have a program
which will get us manganese regardless of Russia.
THE PRESIDENT
Complimented Tobin for his testimony before Congressional Committee
on labor legislation.
TOBIN
We have had highest employment in January in our history despite
the stories appearing in the press. Recommended central authority to re-
lease employment picture rather than piecemeal releases which distort the
overall picture.
Date this meeting not indicated by Connelly. From position between
meetings Feb. 4 and Feb. 18, assume Feb. 11 to be correct.
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