Show NEWS REVIEW wallace EX enters naters race romanian m anian king leaves henry wallace was deluding no one not even himself about his chances of being elected president of the united states in 1948 on a third party ticket when with zeal ous idealism he announced that he would be an independent candidate his entry into the contest as he announced on a nationwide nation wide broad cast from chicago was based upon his revulsion against the bi parti san reactionary war policy which is dividing the world into two armed camps both republicans and democrats he indicated can be filed in the same political pigeonhole pigeon hole because both stand for the bi partisan bipartisan poll cies which are leading the nation to war and depression that menace can be met and overcome only by a new political alignment in america which re quires a new political party averred the former vice president whether or not it could be met by a third party a peace party founded on the assumption t that h a t the U S must adopt a softer more co operative attitude toward russia and at the same time reject universal military training and pre pa redness in gen eral era was a question wallace that probably even history would not answer domestic political poh significance of wallace s emergence as a third party candidate may be summed up briefly republicans like it democrats don t if wallace can get on the bal lots in one or more of the pivotal states new york ohio califor nia pennsylvania or illinois he may be able to split off enough of the democratic vote to swine swing the election to the republican nominee and if he makes his inherent de to ideals stick he may be able to corral a consid erable section of those on the left side always the eminent liberal wal lace Is angling for all or a portion of the left wing democratic vote one thing was certain wallace would have the hearty although somewhat onerous support of the communists no matter how much he might avow his own anti corn coin eunist principles he would have to go through the campaign with the reds and fellow travelers hanging to his coat tails REPUBLIC michael quits communist controlled eastern eu rope cast off its last tie with a hap per p er past when king michael I 1 of romania made public his abdich tion from the throne his announcement had not yet fully registered on romania s beail dered populace when the corn coin eunist government promptly pro claimed the nation a popular democratic republic thus with the 26 year old mon arch s abdication ended a dynasty established in 1866 the last mon 0 london braces england is full of suspense but it isn I 1 the kind that keeps a man s trousers up british braces suspenders made under a government order limtt limit mg ong the elastic to three inches at the back have been the cause of a number of london breeches falling down and finally drove historian arthur bryant to reporting his plight in a letter to the london times in the past year he said he bought four pa rs of braces rafter after each occasion lamented bryant the braces have broken ably within three months the times in a helpful mood deplored the situation on an edito rial the four freedoms are a hollow mockery it our braces are go ing to be bursting all the time no nation can be expected to hold up its head if it it 1 I also is required to hold up its trousers archy in the soviet sphere of influx ence in eastern europe and the last throne held by the house ol 01 hohen zollern hollern michael as some would have had it might have re bounced his throne purely for the love of princess anne of bourbon parma and denmark but the corn com kumst establishment of a he and immediate reorganization of the government came too swift ly too efficiently to lend much ere dence to that theory As the king himself pointed out in his abdication proclamation he was resigning the throne because a monarchy no longer coincided with the great political economic and social changes in romania nor was it logical for the corn grim advocates of their international dictatorship of the proletariat to be countenancing and cooperating with a hereditary monarchy and michael had acted as a sort of brake on some communist actions in romania NEW HIGH farm prices V U S farmers continued to set new records in price levels both for the produce they sell and the goods they in turn buy it was reported by the department of oe agriculture that the general level of farm prices rose 5 per cent be tween mid november and mid december to a record high of per cent of the 1909 14 average previous all time high was per cent set last october at the same time prices paid by farmers for items for living and farm production also reached a new record on december 15 the index of prices paid was per cent above the 1909 14 average the farm price level in mid de cember the department said was 14 per cent higher than january 1947 and the index of prices paid 16 per cent higher between mid november and mid december average prices for vir dually every group of farm corn coin modi modifies ties except fruit showed meas arable increases |