Show WEEKLY WEE NEWS ANALYSIS Red Delegate Urges UN U.N. Accord World Awaits Pound Cut Cui Effects Walkouts Plague Major Industry EDITORS EDITOR'S When h are r td In I th lamn Ih are r th eC N wip p r news D' D t analU n ly tt DAnd aDd ad set not lIot n te el el n wip RUSSIA A Sweet Note The Russian theme in international al d accord W was S growing a little sweeter U if Andrei Andrel Y Y Soviet foreign minister could be betaken betaken betaken taken at et his word WEARING a broad smile Vish Insky had urged United Nation members to cooperate The gesture was made by the chief delegate as h he arrived in New York by plane to attend the fourth United Nations general assembly sessions Disdaining the usual brusque no comment for tor reporters Vish Insky was almost voluble The Soviet delegation he said Is fully confident that the United Nations Nations Na Is is-as is as the head of the Soviet government Stalin said a said a serious instrument for the maintenance of peace and international security Then he added There can be no doubt that the general assembly would be able to solve the Important important important tant problems before beloro it providing the nations of 01 the UN U.N. show a 8 sincere sincere sincere sin sin- cere desire to cooperate with each other and in accordance with the principles of 01 the UN U.N. charter Other delegates advised of ot this and remembering the almost innumerable innumerable innumerable in in- numerable Russian vetoes in matters where cooperation might have bave been most valuable decided to await development at assembly sessions session to see Just jut how far lar the Russian affable manner would go DEV DEVALUATION ALUA TION Wait and ond Sea See SeaTo SeaTo SeeTo To sa say that reaction to Britain's Britain devaluation of the pound sterling was mixed would be an understatement understatement under under- statement Instead reaction ranged from hope to fear from confusion to Jubilant I told you sos from all aU those who had held that devaluation devaluation devaluation tion was the only answer to Britain's Brit aln sins ain's current economic crisis AND that was the chief rub was rub was the solution one ono that would solve Just the current situation or was it the entire answer The bulk of ot the thinking on that angle was that it was not the range long panacea with most moat observers preferring to wait and see before belore committing themselves to any analysis of the devaluation effect Meanwhile Canada had Joined the parade of English connected nations devaluating the pound THE DEVALUATION move was wasa a two-edged two sword word In hi the British dollar crisis for Just as 81 it might result in increased buying of British Brit Brit- lab Jab goods good by Americans because of lowered costs it would mean too that the English would have hav to pay more mort for forthe the the items item they bought at home The pound value was waa cut from to an action which alarmed most im porters While expressing fear the move would cost them a great deal of money most traders said they know a thing yet and couldn't speculate peculate until they had bad some word from British turen SOME DEALERS and Importers Importer declared they would take a beating on the reduced values of their Inventory inventory in in- of British goods already bought and paid for at 4 03 to the pound New Justice o k kb b f I Ir r I hL Judge Sherman Minton 1 of ot ofU U U. U US U.S. S. S circuit court at al Chicago was named by President Truman Truman Truman Tru Tru- man to succeed the late supreme supreme supreme su su- su- su preme court Justice Wiley D. D Rutledge WALKOUTS Cars Coal Cool Steel American industry fighting to regain regain re reo re- re gain war pre-war stability was facing parlous times John L. L Lewis' Lewis coal miners had left the pits The United Automobile Workers union had handed thA w n. n a yu what amounted to a strike notice and now the steel industry was next WITH these basic US U.S. industries all aU down production suspended I millions of workers out of Jobs the national industrial and economic picture appeared dim Indeed President Truman was coming in for some blame in the steel Industry industry indus Indus- try dispute with critics charging he had fumbled the ball in efforts efforts ef forts to prevent a strike Four days before the deadline for tor start of at the strike federal conciliator con con- dilator Cyrus Ching had reported no progress in negotiations Neither side would budge on the key point in negotiations The union contended that since It had agreed to forego its demands for a pay raise the should accept the presidential factfinding fact fact- factfinding finding boards board's recommendations for a financed company welfare fund Wl While le this seemed to satisfy steelworkers it Jt didn't please the ON the other hand the steel industry industry in in- was buying newspaper space to tn claim that le it t wn was waa n r ori nf nt n tha the outset that the presidential boards board's findings would not be binding on either party and that if a strike resulted resulted re re- re- re suited the union would have bave to assume the responsibility Steel leaders took the position too that the workers should contribute contribute con con- tribute to the pension-Insurance pension plan costin costing 10 cents centi an hour bour for each man BOMBERS Gives Reds Pause The declaration came from a aman aman aman man whose qualifications entitle him to the rating of expert Gen expert Gen Henry H. H Arnold wartime chief chiet of US U.S. air forces The statement made in a book Global Missions was that it isn't armies or navies that Russia fears but only far far- reaching bomber strength Lets put It Jt t this way the general gen gen- eral oral wrote Russia has no fear of an army she thinks think hers is just justas as good and bigger than any other in hi the world she has no fear of ot a navy since ince she cant can't see how Show it could be employed against her but she does fear our range long strategic alt air force which she he cannot cannot can can- not as 81 yet match or as 81 yet under stand In the strategic air force coupled with our atomic bomb at this writing we hold the bal balance nc of power in the world But Dut But he warned by tomorrow v the picture may change Of Arnold minced no words in the dim view he be takes of 01 the Russians Russian The Th Russians Russian be he says lay would have bave none of ot the American proposal proposal sal III that the American air force be allowed to io build B B 29 29 bases basel in Siberia Sibert a to attack Japan Similarly be he recalled that agreement for tor ba bases in Russian territory to be used for shuttle bombing of ot Germany Ger many was waa ended after atter a short abort Urns Urn by Moscow The air force torce in the current squabble over service armed pres pre tige as a result of at the bill could take much solace lolace and encouragement from General Ar At holds nold's statements Meddling Feared The billion dollars doUar arms arms arms-ald- aid bill had a stalwart supporter in Sen Arthur m R. R Mich who termed it a bargain price bargain peace Insurance policy against Communist aggression He lie said he feared that any med medd meddling with the bill blU might impair its ft force torce and effect c chi chief h i e f 1 Republican spokesman In the senate on foreign policy declared that the arms aid program might be regarded either as 81 life insurance or fire tire insurance and said that in n any case it Is 11 a bargain policy as a. far tar as a. peace is 11 concerned Referring to the tho North Atlantic defense de de- de- de tense fene pact he said that pact included a pledge to maintain forces that can resist armed attack Too he pointed out European allies have weaknesses weak nesses nelle that the arms bill would help overcome declared that it would bein begin honorable keeping with US U.S. treaty obligations obligation to adopt the arms bill I think it is b definitely and In the Interests of our own national defense he went onI on I think it is i. a discouragement to towar towar war I think it 11 is b prime and vital peace Insurance lie He argued that the plan to send American tanks guns and planes plane to Europe falls taUs squarely within the commitments of the North Atlantic I pact which the senate ratified by a a vote vole of ot 82 to 13 lIe He denied dented sending arms abroad would mean the start of an arms race between the East and West active support fori for fori the measure was expected to help it materially in winning final adoption adoption 1 in the senate since many dissident dissident I. I Republicans w would o 0 u l 1 d probably go gO alone along on the basis basi of I admitted stature in the field of f for 1 eign policy and because of his hi prestige prestige pres- pres tige in the senate UN U.N. TOP MAN Soviets Object Over Soviet protest Brig Gen Carlos P. P Communist anti campaigner from the Philippine I islands was wa elected president of ot the I fourth United Nations general as as- Only the five nations of the they Soviet bloc opposed his election IGNORING the Soviet attitude Romulus first act was an appeal that the delegates make this gathering gathering gather gather- ing a real peace assembly According to newsmen Yugoslavia Yugoslavia Yugoslavia Yugo- Yugo slavia apparently voted against the Soviet bloc for the first time in the secret ballot for president but declined declined declined de de- to admit it publicly The new president acknowledging ing lug that many obstacles to peace still sUll exist said the danger of a anew anew anew new war had bad abated and that the delegates must press prell this thI tage HE lIE CALLED upon them to move forward boldly in the spirit of ot international in In- international cooperation called for by the Mexican resolution approved unanimously in Paris last year Romulus choice as a. chief of the assembly was seen as a. indicating friction in debate on issues as the Soviet bloc could be expected to fight the Communist anti leader at every turn where opposition could be maintained Top Russian delegate delegate dele dele- gate had bad also spoken out for harmony but on the b basis b of 01 past performance by the Russians his attitude was WD open to doubt Red Anti-Red Karl Ieler one of the most mod courageous oppositionists to defy defy de fy tl communism In Iu the Hungar Hungarian ian fan parliament Is shown beaming beam lug ing happily on OD his hb arrival In New York RAI RAILROADS One Fireman The Brotherhood of Locomotive Firemen and wouldn't Uk like it but ie there would be only one fireman on diesel locomotives locomotive The presidential emergency emergency emer mer genc gency board had bd ruled that a union demand for a second fireman on these thee locomotives locomotive was out of Rae line rejected the demand THE TilE BOARD said ald simply limply that there is II no need for tor sn n extra fireman fire man on powered diesel locomotive now in use TRADE BODY Carson Canon Okayed Despite some ome vigorous Republican can opposition John J. J Carson Canon was wai confirmed b by the senate as a. si a mem mem- member ber of the federal trade commis sloe sion The Truman appointee was confirmed by a vote of 45 ts to 25 23 I Carson Carsons economic view views came under heaviest fire fir from the Rean with many charging him turn with lack of 01 sympathy for the American tree fret enterprise system tem Carson Canon 69 GS is 11 a former newsman |