Show NEWS RE REVIEW VIEW shiv shipping ung crisis impends lm Im 9 predict I 1 high feed prices I 1 ra i c e s fears of a minor crisis in railway shipping in mid july have been ex pressed by federal transportation experts in view of an apparent slowdown in kneght car const construe rui tion contributing factors are mount ing industrial production coupled with increasingly heavy wheat ex port movements and officials pre diet ellet that the minor crisis could swiftly develop into a major trans por tation block unless steps are taken to ease the traffic slowdown or prevent it from occurring with fate of the now financially embarrassed office of defense transportation still undecided the interstate commerce commission has been requested to assume full responsibility tor for continuing orders requiring full loading of boxcars in the event that congress does not ex tend the life of beyond its june 30 expiration date meantime has sent invest gators to freight car build ng corn banies to probe reports that allo bated steel tonnages have not gone entirely into the 10 a month car construction program reports for the first halt half of may indicated that only 1751 freight cars were built 81 short of the num her constructed during the corre sp spending period in april explanation offered by the car builders is that inadequate steel supplies and strikes within the in austry have been responsible for the grave decline in freight car con st ruction that view however is discounted by federal officials who po nt out that the government forced the steel industry to provide the necessary tons of steel for the 10 a month goal FEED PRICES to stay up prospects for the 1947 feed crops will be an important influence on feed prices according to a depart ment of agriculture report the very strong foreign demand tor for gram is expected to continue to support prices through 1947 and into 1948 although if production of feed is as large as in recent years feed prices probably will decline at least seasonally in the last half of 1947 corn prices this summer the re port pred acted will average higher than the june 1946 ceilings but lower than in the summer of 1946 after price controls lapsed the department departments s survey went on to reveal that reports in early may indicated that approximately million bushels of 1946 corn would be marketed this season that fig ure would be 50 per cent greater than the 1938 42 average and 14 per cent above the previous record sales from the 1944 crop farm sales of other feed grams grains from 1946 crops also ran generally larger braden quits cpru spruille ille braden longtime aavo cate of and principal force behind this country s hard handed attitude toward fascist inclined argentina has resigned as assistant secretary of state in charge of latin amen Ameri can affairs to succeed him in that post pres dent truman was expected to nominate nor man armour of new jersey top flight career diplo mat armour pre r av served as 1 4 american envoy in the argentine and is well known and liked there latin american reaction to his appointment armour was expected to be highly favorable acceptance of braden s tion by president truman was gener ally regarded as a strong tion that the united states is ready to swing back to a policy of appease ment in latin america it w was a s anticipated that the changed attitude would take the form of just a little a appease p p e a s e ment of latin american fascist dictators barly juan D pe ron president of braden argent na braden long a toe foe of peron and his methods told mr truman in a letter that personal ties compelled him to return to private business departure of braden from the state department followed c closely losely on the heels of his being overruled by the administration on two basic issues in inter american relations supplying of arms to latin amen can nations and formation of a mill tary alliance with other republics in the western hemisphere |