davidaulloa/AmericanStories huggingface dataset:
Evening star., 1947-07-03

he was born Al years ago. He sue
ceeded his father as manager of
the Savannah Office of the prede-
cessor Merrill Lynch firm in that
city.
Later he was transferred to At
lanta to open a Merrill Lynch Office.
After a. short time in Richmond
with the same firm, he took over the
Office in Oklahoma City.
Mr.. Hunter attended the Univer-
sitv of Georgia and the University
Of Virginia.
Real Estate Bonds Gain.
Real Estate bonds during June
showed an average gain of Is per
cent, according to the Baker
price averages, an index of 200 East
ern issues The June advance
erased more than two-thirds of the
declines registered in April and May
and lifted the average price of these
bonds 1.9 per cent above their clos
ing l946 levels.
On June 30, the average price of
q $1,000 bond was STA as compared
with s733 on May 81 and $730 at
the end of 1916. The June 30 aver
age price came close to the high
of STAG reached on March 81.
The June market was strength
ened, in part, by the expectation OF
improved earnings for apartment
hotel and apartment building oper-
ators under the provisions of the
new rent law.
Hotel Earnings Improve
Washington hotels report much
better earnings than month or six
weeks ago. Several weeks ago the
impression prevailed outside of the
Capital that the city's hotels were
iammed to the doors. The report
hurt business. Travel agencies out
of the city now know that hotel
rooms are to be had and business
is up to normal or better, hotel men
say.
The Federal Reserve Board reports
that department store stocks at the
end of May in the 5th District were
"a per cent higher than year ago,
but were per cent lower than in
the preceding month.
From Boston comes the report
that the Sheraton Corp. will in
crease rents in certain instances Is
per cent on August /. Rents for
some hotel tenants will not be
changed, Ernest Henderson, presl-
dent, stated.
Financial District Comment.
July has been made a legal
holiday in Virginia so that all banks
will have a three-day holiday.
American Overseas Alrlines has
negotiated for bank credits and term
loans totaling $12,0o0,000 to be used
for new equipment,
John A. Reilly. president of the
Second National Bank, is taking a
months vacation at Ocean City,
N. J. .-s
The death was reported today Of
isaac B. Nordlinger, 78, president OF
the Citizens Equitable Building AS
sociation, in Georgetown. He was
a business leader in Georgetown for
more than half a century.
Evening star., 1947-07-03
CHICAGO Livestock

CHICAGO July 3 up, LusDA Sal
able hogs, 5000; total, $4,000; moderately
ae aetive and $3.50 hisher on weiehts under
pounds; heavier weights both classes un-
even but steady to % higher; Top, IS 90;
bulk good and choice 170-240 pounds,
q 6o.25.0o; 25o-270 pounds. 23.oo-24 IS;
peanSs po1nas 6 eo9a nd 3o93se eSo;se
soWs- under 425 pounds. i7.25-19 so;
45O-550 pounds 15.0O-17.00..
Salable cattle. 1000: total, 1000; sal
able calves, 500; total, 800 generally
steady to. so lower; must steers holdover
from early in week: choice. 1,25O-pound
steers, sS:5o:s75o:, choice sesflinss. to
iaI hsiters , 1889; {; SIea5anee Ineomple5s oo On
800, mostly $500 down, saN =,
Salable sheep, 500; total. $500; good
and choice spring lambs, SO. higher than
Wednesday's general trade: lower efadess
popular, price on good and choice native
and medium ,springers, 16;oooo21.5o; odd
head light culls down to 1000; package
good old-crop shorn lambs 5000: snorn
aged ewes. 5.oo-7.5o; chaice. quoted to
Evening star., 1947-07-03
Washington Produce
From the pepartment Of Agriculture;

From the Department of Agriculture;
prices fob. Washineton)
EGGS-Market firm; receipts light and
closely cleared; demand very good, Prices
for Federal-State graded eggs: Whites,
arge. so; large. 5s; mediums, SO; small,
3; o. S. grade B. large. so: mediums, a.
U. S. grade C. "A; commercially graded
ums so: current receipts, 45-4s.
LIVE POULTRY-Market about steady at
unchanged prices; receipts light but ample
type, 20: broilerS and fryers. g."
DRESSED POULTRY = Market steady:
trading fairly active; Gce packed fowl. ;
pounds and up, 3s: broilers. 3 pounds and
lower, Al; fryers, 2Ka-3ha pounds, 3s.
Evening star., 1947-07-03
Business Briefs
West Virginia Board of Public

West Virginia Board OF PUBIC
Works sliced half million dollars
each off the i947 assessments OF the
Chesapeake & Ohio and Norfolk
e. Western Railways, but left the
1916 figure unchanged for the Bal
timore e. Ohio Railroad. The c. &
O., biggest taxpayer in the State,
was assessed $95,011, 100, the N. &
w. s74,272,200 and the B. & o.,
s77,506, 400.
Food prices rose to $3.50 on Dun
& Bradstreet's wholesale price index
based on the total of the prices
per pound of 81 foods in general use.
The figure, for July /, is the highest
since April 8. when it stood at $6.41.
Tucker Corp, endeavoring to
manufacture automobiles in Chi
cago, has laid of so employees in
what it describes as "a minor pre-
production readjustment of person.
mel on selective basis
Borg Warner Corp. Norge divi-
sion raised prices on refrigerators
$40 to $40 because of increased
wages ana material COSTS.
New York Stock Exchange re-
ported borrowings by member firms
from banks and other lenders to-
tailed $4l5 5689,812 on June 30, COM
pared with S310033 .062 on May 20
and s732 .064 ,279 on June 80 last year.
Dixie Cup Co. arranged $780,
900 credit through the Bankers
TSlst Co. of New York and the
First National Bank of Chicago.
Magnolia Oil Co. will begin laying
20-inch pipeline from Corsicana,
Tex, to Patoka, ILL.,, about August
l. The job is expected to be finished
In year.
Motor Vehicle Production this
week will total 45.712 cars and 17,431
trucks. Automotive News estimated,
compared with 75,0lO cars and 23,250
trucks last week.
Federal Reserve Open Market
Committee will leave Treasury 90
day bills issued after July 10 free
to find their own interest rate on
the money market. For the last
five years, the rate on these bills
has been pegged at * of per cent
The change is expected to increase
the interest.
Boeing Aircraft Co. has turned
out the first of a fleet of double
decked Stratocruisers The 6712-
ton plane will be put through seven
days of tests. flying about $4,000
miles and carrying approximately
a ton of test equipment.
International Air Express Ship
ments in May totaled 55,186, an in
crease of 327ec over May, 1916
Railway Express Agency.
United Merchants & Manufacture
ers sold Miller-Wohl Co. 13 women's
apparel shops operated under the
name of Martha Park" in three
Southern States.
New Construction the first half of
this year increased to $2,673, 1865 900
from $2.632, ,166O00 in the compa-
rable 1916 period, but actual physical
volume decline 1lT.-Engineering
News-Record,
Electric Storage Battery Co. estl-
mated earnings for the first half at
better than the s169 a share of the
first 1916 half.
Evening star., 1947-07-03
CHICAGO Grain

CHICAGO. July 3 tRr.-short cover
ing ran the July corn futures contract
bushel today All corn and oats de-
liveries were. frm, with July oats at a
new seasonal high Of 1.n0ss, but whea t
of the time.
Cash corn was in good demand and
bushels reported booked to arrive. Traders
said farmers apparently. were holding their
old corn because of fears for the new
-, Al noon wheat was y to ~ lower
was up u to 2: July 2O412. and oats
were up % to s.: July. .OoSs.
Evening star., 1947-07-03
Expedition Formed to Survey
Underseu Mountain Range

make more precise depth measure
ments and obtain bottom dredglngs
in an effort to determine the geo.
logical formation of the mountains.
The party will be under the direc-
ton of DR.. Maurice Ewing of Co.
lumbia University and will be aC-
companied by DR.. Lyman j. Briggs.
former director of the United States
Bureau of Standards. representing
the National Geographic Society.
Photographs of the ocean bottom
will be obtained by means OF spe-
cially submarine camera.
Evening star., 1947-07-03
Maryland Tobacco

BALTIMORE, Md, July 3 LP, ---Averag ge
Southern Maryland tobacco auction mar
kets during a three-day selling period ended
Yesterday were steady TO Sc higher than
he previous week, the Department of Ag-
riculture reported
Most grains were from so cents to So,
but the cost of the lower quality marketing
slight drop in prices on several grades
cropped the average to $4,000, or a decline
Of 26 cents from the previous week.
The volume of sales were heavy, with
1,67O,192 pounds being offered. The most
active demand centered on tips and sec
onds, while the largest increase was for
of So
The markets closed yesterday for the
July 4th observance, not to reopen until
Monday
D New sales for the markets to date total
1855, sos pounds, or an average of As. .93
Evening star., 1947-07-03
Foreign Exchange

NEW YORK July P,-Foreign ex-
change rates follow (Great Britain in dol
lars, others in cents):
Canadian dollar in New York open mar
ket, Ss4 per cent discount or 9l.25 U. s.
cents, down Is of cent.
Europe-Great Britain. .0224. un-
chansed; France irancl, s4H Of 9 cent
unchanged Sweden !krona), 21.so. un-
changed; Switzerland tfranc) Comb,
% 40, unchanged.
Latin Notwithstanding free. "a A
down 02 Of cent Brazil, free, 5. so, un-
changed; Mexico. 20.62, unchanged.
Evening star., 1947-07-03

TREASURY 2.30
gas 1857 Jun 1o2 az
Gas 1857 Dec 1o2 "a
NEW. YORK CITY
IS 80 112N
FOREIGN 2::3O
Australia 3i.s56 963A
Belgium rs 55 lis
BraZ 3As 3 ser So
Canada As 60 1o6
FOREIGN 2:30
Am&F P 5s2030 1861
Am T g. T Is 56 ll6
Am T&T 2As61 ll3A
AmT&T 294s 50 1o1
A T s F As 95 129
All CT 1st As 50 lo6.
Balt&Oh 5sG95 62iz
Balt&O5sK2OOO 62iH
B & o CIV 90 6
B & o As 4S 81
E&O TolCn4s59 66k
BufRoch6P57st 66h
Can Pac As perp 81
Caro- c&O As SIS looiA
Cent Ga 51as 50 LIN
Cent Ga 5s soc 1lM
Cent Ga cn5s45 so
Chi&E / inc 81 31H
ChiI&L4h2OO3 35
CMStP4 i5s2O44 5eh
Chi&NW 4as99 SeA
Chi Ry 5s 81 6eh
GRIP 41as 52A- s.
GRIP 4kas 60. 1914
C r I p As SO =. s3iA
GRIP rf As "a 50
ChiUnSt 3ss63 1o6A
Chi&W / As 90 losN
CCCStL 41zs II -
ClevUnTr5 1as72lo7
ClevUnTr4 las771o4
Cons Ed 2'4s SO 1o3h
Cons Ry 5s 56 BAN
Cons P gas rs 1o6it
ContBaking3s65lo3
D&RG3-4s93wi 6AiH
D&Rin4 h201SwfA7iz
Duo 1t 3las 65 lo4
FirestnT&R3s611o4N
Goodrich234s65 1924
CT Nor 3hss90N 1olN
G M&O 2044 B 50
HarlmR&P4s54 oolz
Hud Coal 5s ga IS
Hud&M RI IS 81 SAN
Hud&M in IS 81 l6
Evening star., 1947-07-03
Markets Close Tomorrow
BY the Associated Press

BY The Assoclofed Press
Domestic security and commodity
markets throughout the United
States will be closed tomorrow, July
4, and Saturday, July 5, with the ex-
ception of the grain exchanges
which will operate as usual on Sat-
urday. Canadian security ex-
changes will be open tomorrow and
closed as usual Saturday. The Win
f1ipeg grain market will operate
both tomorrow and Saturday. The
London stock exchange will be open
tomorrow.
Evening star., 1947-07-03

Fifteenth street
NV. He sue
ceeds George A.
Garrett, resident
ar t n er, who
sails next week
as United States
Ministe er t o
Ireland.
Mr.. Hunter in
his boyhood stu
died at Episcopal
High School in
Alexandria. One
of his first jobs
was as a cotton
weigher in Sa-
yoppob where
Evening star., 1947-07-03
N. Y. Bond Market
FURNISHED BY the Associated Press,)
SELECTED LIST OF ISSUES.

I c 4As 66 90
ICCStLou5s63a 9Ah
IntGtNor tis 81 21i4
Int G N 1st6s52 55M
Int CT No5s56B 49
Kan C Sou 4s75 1o3M
Lehval4 as2003 37h
Leh Val As 20O3 IS
LehVl Trm 5s51 6sh
MSPSSM As 81 50
MKT 5s 62a 76iz
MKT adj 1857 So
Mo Pac 5lzs 40 25lb
Mo Pac 5s n F 1874
Mo Pac SIS so H 75ik
Mo Pac IS S1I 75iA
Mo Pac gn As rs 51W
NYC IF IS 2O13 a.
NYC 4Hs2Ol3A -
N Y c con As % II
NYCHR 31as 81 soM
NY L&W 4as73 7olh
NYNH&H 6s As Al
NYNH&H4hs67 40
'NYNH&H As 81 5A
NYNH&H3hs47 35la
NYWB 4hs 46 i
NorPac41as2047 97ls
Nor p cit 4 hs75 lo2
Nor Pac As 81 los
Nor st Pr2As74 lo3A
Pac G&E IS 70 lo6
pennCtAir3Ias6c 45h
PennRRg4 hs65 100
9ennRR4 Ass4E 1o5N
PennRR 3As52 1904
Peo&E inc4s 90 1913
PereMar 3bs sOloA1s
PtWVa 4L2s60C 65
Ruth 1st4h2s41 8
StLSF 4Has2o22 50
StLSanFrn4s97 e7iA
StLSoWest 5s52 1o4M
StL SW rf 5s 30 100
StPKCLS41as41 AZ
5eab ina las2O16 6934
.SoPaciflc4l2sSl s3A
Sou Pac 41as 50 93A
SoPac4 ksOr77 lola
dOilNJ2hs71 90
Texas Corp 3s651o6A
Third Ave As so 80
Un Pac 2las 81 e7M
wabash 3As II 81
West Md As 30 1924
West Un IS so s6as
Wise Cent As 40 IS
Evening star., 1947-07-03

Hourly Sales on the Exchange To-day:
1900 am $50 900 1900 noon 800 900
ZOO pm. Aeo 600 200 pm. $40 900
fUnit of trading, 10 shares. 'In bank
ruptcy or receivership, or being reorgani1ed
under the Bankruptcy Act, or securities
assumed by such companies. Rates Of
dividends in the foregoing table are annual
disbursements based on the last quarterly
or semiannual declaration. Unless other
wise noted. special or extra dividends are
not included. Ex dividend II Ex rights
a Also extra or extras Plus stock divi-
dend. Cash or stock e Paid last year
Payable in stock. g Declared or paid SO
far this year. Payable in Canadian
declared this year.
Evening star., 1947-07-03
New York Cotton

lures were irregular today in quiet pre-
holiday market Scattered liquids alton de-
pressed prices almost 81 a bale under the
market subsequently moved higher on scat
tered mill buying and short covering.
Most traders held at the s1delines await
ing the Governments cotton acreage re-
port next Tuesday.
Late Afternoon prices were 10 cents
bale higher to 80 cents lower than the
previous close. July. 81 40: October
3a,5i, and December. 81 As.
Evening star., 1947-07-03
Merrill Lynch Office
Here 10 Be Managed
By Francis {. Hunter
By Edword c. Stone

Merrill Lynch, Pierce, Fenner &
Beane announce the appointment
of Francis C. Hunter as manager
of their Washington Office, BIS
Evening star., 1947-07-03

American Power & Light Co. re-
ported net income for IL months
ended March 81 of s21 1,3l6 ,036, equal
to s1203 a combined preferred
share, compared with s21 ,07l,758 or
s1189 the year before.
Ex- Cell % Corp. net for six
months ended May 81 was 81 1020,347
equal to $2.55 a share, VS.. s558,659
or 81 40.
Wesson Oil & Snowdrift Co. in
nine months ended May 81 showed
net profit OF s10,945,655 or sl7.27 a
share, VS.. $2,223,125 or $2.31.
Evening star., 1947-07-03
Washington Exchange

SALES.
Washington Gas t4.25) pfd-55 at 1O6
at AZ
American Sec & Tr Cos at 2e5.
Capital Transit 1st ref 4s-S2 900 at 105,
registered
Notice-This exchange will be closed
tomorrow, independence Day.
Evening star., 1947-07-03
Dividends Announced

NEW YORK. July 3 LFN.-Dividends de-
clared today:
Increased.
San Frank Bank $3.50 S T-2R 81
Extra.
Mod1ne Mfg 15c 7-15 1-25
Evening star., 1947-07-03

Loew's Inc / N
Lone Stare 3ha
Lorrilard Prod !
tLorillard pf 2
Louisvil&N 3.52
Lowenstein l ha
Lukens Stl 40
MACK TRICK 2g
Macy (RHj /. go
Magma Cop iag-
Magnavox l
Manati Sug l7g
Manh Shirt 1.40
Maracaiho .07e
Marathon Crp 1
Marine Midi Sag
Marshll Fld "a
Martin G L --
Martin-Pary.60
Masonite Corp 1
MasterElec 2.40
Math Alkali asg-
May Dept Strs 3
MAY Dept pf3A
tMayDept3.40
Mccall Corp 3a-
McCrory 1.40a
McGrawH u 9
McKess&R 2.40
Mcclellan Str Ia
McQuay-N 1.40
Mead Corn .70R
Mead Cp pf 4 "
Mead Cp 2 pf 2
Melville Sh 100
Mengel Co la
tMengel 8 pf2h ]
Mercant Strs !
Mesta Mach 2h
MET Ed Of 3 80
Mid-ConPet1A Ae
Midland Stl + 2
Minn-HonReg1g
tMinn H Of $50
Minn-Moline
Min&StLRy Sag
NJ SP&SSMA lg
Mission Crp Ag
Mo-Kan-Texas
Mo-Kar-Tex pf
Mohawk Carp 2
Mould Hos .40g
Monsanto Ch 2
MontR Ward "a
Moore-McC L 2
Motor Prod 1g -
Motorola 60
Motor Will l.20
Mueller Brs .60h
MullinsMfg .40g
Munsingwearhe
MurphyGc liza
murphy pf 4A
Murray Corp Ag
NASH-KEL hg
Nat Acme 2
Nat Airlines
NatAviation lag.
Nat Biscuit l h2g
Nat Can
NatCa shRg Kg
Nat City Lines i
Nat Contalner 3
Nat Cyln Gas.S0
Nat Dairy $50
Nat Distillers q
Nat Gypsm Ag-
That Gyp pf 4h.
Nat Lead Ma
SatLinenSvc.40
Nat M&S c .30g
The Chicago star. (Chicago, Ill.) 1946-1948, 1947-11-29
Furbens war criminals
moy go free to rePeot

freed Schacht on grounds that
he didn't know" Hitler was
going to start a war.
POINTING the way for these
judges, another all-American
court has just freed member
of the Nazi elite guard or trial
for atrocities on grounds that
he, too, tfdidn't know" the pur-
poses of that organization.
1t is no reflection on the in
tegrfty or the judicial fitness
of the three judges now hear
ing the Farben case to state that
none of them has been we'll
known outside his native state.
Despite the Importance of
their task, the War Dept. at
Washington refuses to reveal
the identity of those who rec
commended these judges. They
say the information is confiden-
tial. On the record all that APP
pears clear is that they were
appointed by the President aft
er selection by then Asst. Sec.
of War Howard Peterson.
AND on the record, Peterson
entered the War Dept. from the
law firm of Cravath deGers-
dorff Swaine & Wood, which
represented the German I. C.
Farben and its affiliates for
many years in US. courts in
The Chicago star. (Chicago, Ill.) 1946-1948, 1947-11-29

doing nothing to curb the. in
flationary spiral.
The President asked for con-
sumer rationing. But without
effective price control and
general rollback of prices. ra-
tioning won't enable to bulk of
the population to buy what they
need at prices they can afford
to pay.
Extension and Strengthening
of rent control was recon-
mended by Truman. That is
urgently needed, what with
rents rising at the rate of IL
per cent a year, and is an in
dispensable part of any genu-
inc anti-inflation fight. 8
FIN ALLY. the President
called for controls over wages
in those industries where price
ceilings may be imposed. But
he failed to ask for an excess
profits tax to control exorbi-
cases now described as war
crimes.
The cards seem well stacked
for acquitial on grounds that
the Farben leaders were ,ig-
norant" of Killers intentions.
Yet I myself have offered the
judges and other highest US.
officials documentary and per-
sonal evidence that these men
were preparing for war long be-
fore Hitler came TO power. and
this evidence has been ignored.
With our government plan
ming revival of the German
The Chicago star. (Chicago, Ill.) 1946-1948, 1947-11-29

House OF Morgan down to the
last sharecropper. Free enter
prise must be preserved, you
know.
"And speaking of free enter
prise, did you see where the
rate of profit in American big
business this year went up 81
percent over last in the first
nine months? That's according
to the National City Banks
monthly letter for November.
Some 375 leading corporations
reported they earned an aver
age of 1862 per cent on their
net worth"
WELL. let 'em," said Joe.
This is free country. We're
all equal. That's one of the first
things l learned in school"
"Oh, of course! BY the way,
dear, what do we have to cut
down on to make the budget
come out even next week."
He looked at her, slightly
puzzled. Now why would she
change the subject suddenly
like that? But that's the way
with women, always chatter
ing. Too bad she wasn't prac-
teal and sensible like him in
stead of running around to those
meetings with that queer
crowd. He sighed, and returned
to his figuring.
The Chicago star. (Chicago, Ill.) 1946-1948, 1947-11-29

tant profits.
Wages have Jagged far be-
hind prices and profits. Dur
ing ls47 living costs rose 10
per cent. To bring wages back
into better balance with prices.
a wage increase of at least Is
per cent is required so that at
least part of the purchasing
power lost by workers will be
restored.
The CUTS of a real anti-infla-
ton program must be control
over profits through an excess
profits tax and effective over
all price control. Workers, who
are pulling in their belts be-,
cause of initiation, will find that
Truman's 10 point program
won't increase the purchasing
power of their pay envelopes.
1t also won't stop. living costs
from going further through the
sky.
chemical and metallurgica1 in
dustries to prewar levels, the
road seems paved for the Far
ben leaders to resume power in
plans now to be refinanced
with the funds of American
taxpayers.
Resumption of cartel ties
with the American industrial
lists who are responsible for this
stupid and criminal folly will
follow. The tragic round that
followed World War 1 and led
to World War II will be COM
plete.
The Chicago star. (Chicago, Ill.) 1946-1948, 1947-11-29
SPEAKING
Conversation piece
Frank \ |55,|:|l 1s

that in the Declaration Of In
dependence.
you're nuts, woman! don't
believe it,"
Neither does the -Ameri-
can Committee. But it's there
in black and white. You can
look itFup now or wait until
Freedom Train stops here
THE WAY. you put it." Joe
said, sit makes Truman and
Wallace and Lincoln and the
fonding fathers sound like a
bunch of Communists
who doesn't, when he's try
ing to help others Unless he's
helping the big boys, like over
in Greece"
whats wrong with helping
in Greece? You and me gonna
fight about that again?''
@Well, THEY're still fighting.
And I read where the prime
The Chicago star. (Chicago, Ill.) 1946-1948, 1947-11-29

which in September 1916 freed
the .unspeakable. Hjalmar
Schacht on grounds that there
was reasonable. doubt. of
Schacht's knowledge that Hit
Ter intended to wage aggressive
war.
SCHACHT. the intimate as
sociate of the Farben leaders,
was accused of the same type
of deed as are these men of
Farben. And the miscarriage
of justice that freed him has
been made the compulsory
precedent for the present trial.
The law creating the Ameri-
can tribunal now judging the
Farben heads was passed with
out fanfare by us. military
government in Germany on
Oct. 10. 1886, just a few short
weeks after Schacht was de-
elared innocent. It bluntly de-
crees that judges in subsequent
cases shall take judicial notice
of the decisions of the 4-power
international court and observe
them as precedent.
Which in effect means that
the three somewhat obscure in
dividuals who are now to de-
eide whether to hang or free
the Farben criminals have been
instructed to follow the exam
pie of judicial nonsense that
The Chicago star. (Chicago, Ill.) 1946-1948, 1947-11-29

enterprise. But you know Gin
ger Rogers mother wouldn't
LET her play in film because
il had a line saying. Share and
share alike. that's democracy.
Now that's just plain commu-
nism. Ask Thomas and Rankin"
Yeah" said Joe doubtfully.
DID you read what Henry
Wallace said down in Louisi-.
ana?" she went on. He told
'em that it may be necessary
to use the basic political right
of revolution to restore democ-
racy if fascism comes to the
United States. / don't exagger-
ate the danger"
you mean Wallace said that?
Why, he's nothing but a lousy
Red!"
~or else maybe he's been
reading after Lincoln and JEFF
ferson. There's something like
The Chicago star. (Chicago, Ill.) 1946-1948, 1947-11-29

for ALLEGATION and inventory
control. That is needed but
prices will keep rising and in
ventory speculation will con-
tinue unless ceilings are
ciamped down at all levels of
production and distribution.
THE President did urge price
ceilings on products in short
supply" But overall supply is
short in relation to domestic
and foreign demand. To meet
and overcome the initiation
crisis, it is therefore necessary
to freeze all prices at once and
then without any delay to fol-
low through with rollbacks to
to the levels that prevailed
when Congress destroyed price
control.
Unless prices are rolled back
by using consumer subsidy pro-
grams, the government will
merely be talking program
against initiation. But it will be
The Chicago star. (Chicago, Ill.) 1946-1948, 1947-11-29
Wy Humans program. cant possibly stop initiation
II RES. Truman's anti-infla-

n RES. Truman's anti-infla-
i ton program cannot de-
velop any real attack against
initiation. Most of his proposals
are mere window dressing. The
few that attempt to grapp1e
with the initiation threat are
diluted version of proposals
which have long been urged by
labor and consumer groups.
The window dressing aspect
of the program includes restor-s
alton of consumer credit con-
trolls, regulation of speculative
trading Of commodities and
continuation of export and
transportation controls.
Consumer credit controls did
not expire until Nov. /. Under
these controls consumer credit
rose from sos billion in 1945 to
more than $11 billion today.
People bought on time and
went into debt because they
couldn't make ends meet. They
will-continue installment buy