What happened on August 4, 1951?

Headlines from August 4, 1951

• ♟️ Chess Title Finals – Eleven chess players advance to finals, with twelfth place to be decided by a lot between Santasiere and Shipman tonight.
• 📜 Japan Peace Pact Draft – Japanese acclaim a peace pact draft, viewing Dulles' proposal as a sign of reconciliation and trust.
• 💼 Texas Company Profits – A Texas company reports a profit jump, with six-month share earnings rising to $3.14 from $1.97 last year.
• ✈️ Berlin Air Fleet Increase – Allies plan to increase the Berlin air fleet by adding transports to expedite cargo blocked by Soviet actions.
• 🤝 Mutual Aid Pact Signed – Five sea unions sign a mutual aid pact to support each other in contract demands, including pay guarantees.
• 🌍 Colombia Eases Capital Import – Colombia's Council of Ministers adopts a decree easing capital import restrictions, allowing free withdrawals.
• 📈 New Wage Policy Drafted – A new wage policy linked to living costs is drafted, aiming to benefit millions under escalator clauses.
• 🏆 Golf Tournament Upsets – Upsets marked the bridge team play in the Masters' event, with favored groups failing to survive.
• 📊 Stock Market Trends – Weekend selling limits stock rise as trading slows under profit-taking and market reactions.
• 🎓 West Point Cheating Scandal – West Point ousts 90 cadets for cheating, marking the largest group ever dismissed for such violations.