Higher Living
Costs Predicted
* For States
—
CHICAGO, (/P) — The nation’s
principal commodity markets cast |
lengthening shadows over family
household budgets today in a dizzy >
whirl of rising prices.
With most staple foods at high
peak for the year and certain to (
go still higher, the consumer was,
advised to adjust to substitutes,!
such as spaghetti, and to shop
around for cheaper cuts of meat.'
^ Only fresh fruits and vegetables
were holding at steady prices.
Some observers predicted that
unless “consumer resistance”
shows up in the market places eggs
will *each $1 a dozen, butter and
meat $1 a pound. Such grains' as
corn and oats sold in futures trad
ing yesterday at n£w record high
prices in the 99-year history of the
Chicago board of trade.
In anticipation of further ad
vancing prices for corn, one Chi
cago broker reported that wheat
producers were withholding some
of their 1947 crop from market
channels.
The midwestern drought which
sharply curtailed corn crop pros
pects was an important factor in
meat prices but in virtually all
other commodity exchanges the
trend was sharply upward, includ
r ing cocoa, sugar, hides, cotton, cot
tonseed oil and coffee. Some of
U. S. Steel Corp.
Railroaders
Go On Strike
PITTSBURGH, (/P)—A strike of
1,800 railroaders employed by the
U. S. Steel Corp., today brought
immediate curtailment of produc
tion at the firm’s Pittsburgh dis
trict plants.
Two unions, representing em
ployees of the subsidiary union
railroad, stopped work this morn
ing after a break in contract nego
tiations. The road connects “Big
Steel” plants, employing 35.000,
and feeds into major railroad
lines.
Carnegie-Illinois Steel Corp.,
biggest U. S. Steel producing sub
sidiary, banked 10 blast furnaces
immediately and an official said
seven, and possibly eight, other
furnaces would go down during
the day. The Clairton Coke By
Products plant was ordered cut
back to 32 per cent of capacity.
A U. S. Steel spokesman said
101 of the 108 open hearths served
by the railroad were ordered
closed down as well as three elec
tric furnaces. He said primary
mill and finishing mill operations
were expected to come to a halt
tonight.
Nugget Ads Bring Quick Results
these already were a record high
quotations.
«
Huge Amount Of
Terminal Bonds
Cashed By Vets
-.
WASHINGTON, (/P)—First, in
complete reports to the treasury
| today showed that the government
, paid out at least $103,813,350 to re
deem GI terminal leave bonds on
Tuesday and Wednesday, the first
two days veterans could cash
them.
Officials regard this as only a
• fragmentary measure of the early
cash-ins, which an Associated
Press survey indicated were heavy
in many areas. A spot check yes
| terday by (/Pi showed the initial
] rush has tapered off.
The treasury figures were in
complete because banks were
given 30 days in which to turn in
to the federal reserve the bonds
they have cashed. The department
j plans a telegraphic check Monday
! and officials hope for more defin
ite returns then.
Approximately $1,800,000,000
worth of bonds were issued to
about 9,000,000 veterans in pay
ment for unused furlough time
while in service.
TERMITES POSSESS A HIGH
ly developed “language,” using
their heads to rain rapid blows on
the head of a companion, accord
ing to the Encyclopaedia Britan
nica.
•
Canadians May
Resist ’Print Probe
QUEBEC, Can. (PA)—Canadian |
subsidiaries of International Pa
per company are likely to “resist
further” the ruling that they must
answer subpoenas in the United
States grand jury investigation of
newsprint supply and prices, a
special New York dispatch to the
Financial Post here indicates.
The statement was made by
counsel for the newsprint council
following a lengthy judgment
made recently by Henry W. God
dard, the federal judge in charge.
Authorities point out that one
course remains for the Canadian
companies to get their case before
the supreme court. They can re
fuse to abide by the ruling, the
government could cite them for.
contempt of court and they could
then appeal the conviction before
the highest tribunal.
„ "The Canadian International
counsel has taken very definite
I and pronounced views,” the dis
i patch said. “They might resist fur
ther in order to have the question
reviewed.”
| In affidavits before the court,
two Canadian directors have pro
tested that the U. S. inquiry “vio
lates the sovereignty of the Do
1 minion.”
1 Legal Blanks at The Nugget office
Florsheim Shoes
For Particular Men!
We’ve just unpacked seven fall styles in i
men’s famous Florsheim oxfords. Made of I
finest quality calfskin in plain’, brogue and I
conservative styles in black or brown. All 1
sizes in narrow to wide widths. 1
Nationally advertised t j
price $15
WOMEN’S LINGERIE
America’s leading lines, Kayser, Van Raalte,
and Luxite. A wide selection of the newest in
slips, gowns and panties. No advance in prices.
BEAUTIFUL LlfGCACE
A
We’re just unpacking some of the licest lug
gage that we have seen since pre-war days.
Bags of all sorts as well as small and medium
size trunks. This is the last shipment we will
have this year.
NEW HANDBAGS
9
You can select from dozens of fashionable
handbags. Fine grain leather, patent leather
and Corde. Blacks, browns and other new
shades.
FORMFIT GIRDLES
A complete stock of these popular girdles
now on display. Fourteen new styles in all
sizes. Nationally advertised prices.
NEW
MERCHANDISE
COTTON PRINTS
CLOPAY CURTAINS
RAYON HOSIERY
NYLON HOSIERY
GIRL’S DRESSES
WOOL SKIRTS
BLOUSES
SWEATERS
Alaska’s Pioneer Merchants
No Need For
Special Session
WASHINGTON. f/P> — Senator
Vandenberg fR.-Mich.) said today
he sees no need for a special se
sion of Congress on the Europe; i
economic crisis. He added that the
decision, however, is up to Prer -
dent Truman.
Bandenberg, who is chairman of
the Senate foreign relations com
mittee and handles legislation
dealing with foreign affairs, he'd
his first news conference since r •
turning yesterday from the Inte -
American security conference at
Petropolis, Brazil.
On Wednesday, underseereta y
of state Robert Lovett told report
ers the European situation may d -
mand United States help in 19 7
and indicated a special sessio 1
may be in order.
Questioned on the Outlook. Va -
denberg said;
“I have no information on the
subject. There is not a word fro n
the state department or the Wh e
House about a special session sinc e
the day President Truman sa d
none would be necessary.”
Vandenberg said the reporters
asking about a special session
were “putting the cart before the
horse.”
The Senator said the need f r
such a session to consider possible
aid to England and other Euro
pean nations depends “entirely u>
on authentic disclosure of the Ad
ministration’s plans.”
Under the resolution adjourn
ing the last session of Congre ;s,
Vandenberg as the state’s press
ing officer, together with Speaker
Martin of the House and the Sc 1
ate and House Republican leade s.
could call Congress back together
without Presidential action.
But Vandenberg said Repub’:
can Congressional leaders have no
plans at this time for a spec al
session.
Members of Congress. Vanden
berg added, would not “dodge”
any request from Mr. Truman t at
was backed by “adequate infor
mation.”
In any event. Vandenberg said
that a special session would hard
ly be possible before October T
He noted that numerous members
of the House and Senate now a^e
abroad studying international con
ditions and that other Congress
ional groups are planning similar
trips.
Diamond Knot
Cargo Will Be
Salvaged and Used
SEATTLE. (flh — The 7,400,0f>0
cans of Alaska salmon at the bot
tom of Crescent Bay. west of Port
Angeles, are probably all still in
perfect condition and should be on
grocers’ shelves throughout the
country in coming weeks, a marine
surveyor’s representative said yes
terday.
The cardboard packing cartons
have deteriorated, somewhat hrn
dicapping effi^ts to salvage the
cargo of the sunken freightr D a
mond Knot, but cans already
brought to the surface are in good
shape, James Gow, of Alexander
Gow, Inc., said.
All will be inspected by govern
ment inspectors. The salvage wr k
may take two months. Fifty th 1
sand gallons of herring oil hav« ’
ready been pumped from tanks * ■
the ship, which was sunk in a c
lision with the Fenn Victory A
13. The salmon cargo was valu 1
at $3,500,000.