Show NEWS RE REVIEW HE W postal lostal boost V foreseen arl 0 economists bcd ests shaw u am decry ky hl slump lt N 5 POSTAL RATES may alay co go up A measure embodying the first general revision of postal rates since 1879 which would add about million dollars a year to post office reven ies has been introduced to in the house of representatives the bill provides for a 30 per cent increase in parcel post rates and would revise the air mail rate from five to six cents an ounce in addition the new plan would add about 30 per cent a year to present scales for second class mailing of newspapers and periodicals sent out side the county in which they are published I 1 another provision would maintain the current three cent local and non local rate for first class mail beyond the july I 1 deadline when those rates were slated to revert to the former two cent level the new rates would go into ef feet 60 days after the bill is passed and signed by the president readjustment no depression not a depression but a price re adjustment is in store for the united states the federal reserve board has predicted reserve board economists ex that heartening news by pointing out that a downtrend in prices is necessary healthy and inevitable the inconsistencies in the national economy which have arisen out of the fact that our econ omy is part rigged and part free will have to be eliminated for instance about 14 million or workers have derived bene fits through forcing higher wage levels twice that many iced workers have not shared to an equal extent in the wage increases A number of industries able te tc control prices have driven them thern upward others at th the e same time have been held down by govern ment controls the main reason that farm and food product prices soared after the war was that there was little els else the consumer could purchase now with production making a come back the previously scarce radios refrigerators automobiles and so on are competing for the colsum er s money federal reserve board economists say that farm prices are expected to stabilize about 25 per cent dundei the 1946 peaks they also express confidence that they can put th brakes on any further inflation il congress provides the necessary assistance GIANTS DEATH end of an era t 2 the battleship oklahoma first ol 01 the so called super dread nau gats might well be recorded in history as an accurate symbol of the era during which it ploughed the seal seas for the U S navy heroic but futile in her 31 years of steel clad exist ence she never fired a shot at at ar enemy based at Bere haven ireland dur ing world war I 1 she saw no action and on december 7 1941 five japa nese torpedoes sent the sturdy old ship lunging to the bottom of pearl harbor before her crew could mar the guns raised to the surface and thea ther abandoned as not worth salvaging the oklahoma was consigned to the scrap heap and taken in tow for the last long voyage across the pacific suddenly miles northeast of 01 pearl harbor the tragic battle battleship shir listed heavily as if tired of war and its aftermath and slipped into the sea three miles deep at that point tor for her final escape from the era ol 01 violence that had been her END THE WAR students riot demonstrating violently in open defiance of chiang kal kai shek a cordei to quiet down thousands of uever sity students in several chinese cit ies fes fortified their demand that the civil war be ended immediately by calling for a general strike declaring sternly that the student riots were instigated by comma fists chiang said they would be b quelled forcibly if necessary the students reacted with further pa rade and violence in shanghai nan king and neiping about 25 students were on strike from 16 universities with their demands including everything from a better system of grading pa pers to higher government living al low anees ances and an end to the war |