Wow: what fun. This isn't a foundry type that I'm familiar with. Given the regularity of the repeating characters, it's probably not hand-lettered, but rather the work of some clip-art service...

Looks similar to some Sol Hess designs.
Here's a similar one: Twentieth Century Poster.
Will see if I can find a closer match.
Don

Here’s an image showing the font in context, in case the art is connected to the font somehow.

Let's not forget Nick's version of Twentieth Century Poster Renard Moderne NF.
I wonder if the 1949 newsletter heading is an early photo-composition effort. I can't find anything more about it.
Don