Show M Marquis q Js Ch Childs l Steel Expansion r Announcement I f. f Would Hike Ho H Hog j TUCSON Arizona The Arizona The first fine tine of ot the th boom is t fading a l little Th comes not so m much from stall st which still stin show phenomenally high high it levels as from the reaction of citizens nary i Plane train and hotel reservations still sUlI hard to come by But they are I as tight as they were a year ago b r months ago There Ther appear to be definite 1 il tho the expansion which c came me out M at te i Wartime spending The most o obvious the high cost of living now living now 66 68 p pc r above August of 1939 A lot lol of hous house housch are being p priced ced out of ot the mark market t everything but bare are necessities andre andi some l necessities ts are ao so 8 high up on n price shelf that low Income not reach them There is ts i another limit on prosperity nearly so obvious a as the H. H C of or Li related to it That is is' the scarcity of I materials essential to further urther expansion pa l n. n No 1 Scarcity The Dumber number one scarce material Is Isi Take a simple illustration of ot h howl W wj scarcity works to put a brake on economy I Heres Here's a a middle western town of ot people ph phenomenally pr prosperous rous A At A Athe tho the most prosperous prosperous merchants merchants are t ti who sell appliances the appliances the fine new r stoves and iceboxes that were during the war I The town gets natural l' l gas m a aline aline aj line that runs between tHe fields and Minneapolis The amount of DC available in the town is strictly 11 Ufa b because caus the capacity of the pipeline ij for far into the future This means that many householders household r i w would uld like to buy gas g gas s stoves and gas gil nac naces s and can afford to buy them emi prevented from fron doing so sq It arbitrary limit oh on the sales of the dealer And back of f him i II m manufacturer who will be unable Mable t to the stoves h he makes Calls for Steel The solution is plainly to eril enlarged Tg pipeline since nat natural r gas Is going t to i in the Texas Oklahoma field But that for steel an and all U the e steel be produced d is bought far tar in ad adby adv adva by other users 7 I The steel scarcity touches directly course Americas America's capacity to carry th tha thra thre a program The 16 nations participating in the 11 Ma Mare plan listed their import nee needs b. b pf sheets and strip for 1948 as over 70 short tons That js is four tour times our r re rate rate- of ot exports to those countries No Assurance The Harriman report on AmerIcan Amerle l sources sources t touched ched o oh on this basic shorb The Th scheduled increase in tin cap capacity city the report report pointed pointed ou ou out will vide s. s some m ad additional ar supplies for tor both and export there i Ii rio 1 0 oj i Ui c it d dd d that United States sau u 1 1 J. J theL a. a near near will b be meet all the demands demand it ua I J Th committee fel felt felc thas th thi J was was' as not not ty to s say y whether r. r steel teel capacity was needed cU n v nc W s steel l plants would ou d in Itself r nt scarce steel and wo would ld contribute little to steel s supplies in iii 11 the next two when European requirements requirements' are arc l lar largOn larg r On the other hand the report repot st f further i expansion J of rf steel capacity 1 Tn I J so important in light of long ar g ns as to Justify the use of ot s sc items Items for tor this purpose e during the nex next l years 1 Cautious Language j This Thi's is cautious language But it tn mi clear what the drafters of t the re report report- rt- rt Announcement by the big steel l comp compi of new plant exp expansion sion would have most reaching far effect It would announcement world that Is try beI believed eved in con continuing high pros Such an announcement should serf c cr shake somewhat By reU By relli present t te might bring on n thC the recession which many have bell necessary to prevent inOa inflation Uon and mat Ins continuance of ot high production and 1 consumption The steel companies dan an advance cej and logical reasons reasons why they annot any further expansion But Butt those re should be weighed against the vital J of a prosperous and stable world j 1 1 Copyright Uni United ed Fc Feature ture Syndic Syndicate t |