| Show SCANNING THE WEEK'S NEWS of Main Street and the World Johnston Urges Strong Price Price War Confined to Large Cities BUSINESS AS USUAL For some time the home has been uneasy over the nation's economical Headlines in the last few days haven't helped his uneasiness Economic Stabilizer Eric Johnston's charge that the nation Is sitting on an time that may explode Into runaway Inflation next unless congress keeps strong program on the law caused considerable comment and On top this the beef industry all the way from farmer to grocer was in on uproar over his charge that the beef industry is trying to ride roughshod over the American housewife with a cry of the consumer and full pockets Economic Stabilizer Johnston the consumer and lull pockets Noted for speaking his Johnston said that as has an ominous ring to me at a time j when men are dying In bat- i tie In Korea for a free way I of He added that the the Is not going to be the forgotten I American If I can help Shortly before making these statements Jonnston proposed a new wage formula pegging pay ceiling to living costs and permitting for millions of workers an boost ranging up to 1214 per cent above the levels of The belief is becoming more universal that the government must take a firmer stand and congress must enact stricter laws governing prices and The threat to the nation today is as great from the inside as from the SWEET MUSIC And while home towners tried to understand statements from Washington on the economic the average small town resident read of reports from New Oklahoma and Atlanta of red-hot price cutting wars following the supreme court fair trade decision with a feeling of awe and To many it was like sweet music of Tens of thousands of gleeful shoppers men and women rushed wildly through New York bargain basements In search for nationally advertised goods that had been marked some of it as much as 40 per Small electrical summer-weight cosmetic best-selling pillow nylon hose and girdles were marked down again and It was a consumer's Home towners then took a quick look at their local newspapers in the hope that Main Street merchants had some new Most of were The big city price-war had not yet reached the home town And economists reported It was not likely Most retail organizations predicted the New York price-war would level off with prices from 8 to 15 per cent below the former fixed-price Trade pointed out that the price-war was not likely to spread because most home town merchants signed fair trade On top of consumer goods may become tighter as the summer progresses and defense needs begin to cat into present HOW CLOSE TO The man on Main who never knows all the received a shock that sent a shiver of fear down his back as the MacArthur hearing continued in The shock was delivered by Forrest Sherman who told senators that the U.S. government so feared a world war last December that Its field commanders were ordered by the high command to their and the Mediterranean fleet went to Sherman said the orders were issued after MacArthur told the joint chiefs of staff that the U.N. should accept an armistice in Korea the best terms and the army would have to quit Korea unless the war could be carried against Red Sherman's testimony before the armed services and foreign relations committees again the average American with the fact this nation barely escaped World War III in recent Many are wondering how close to war we are RURAL BANK DEPOSITS UP Rural largely farmer-owned and reflecting farmer have shown amazing increases in deposits during the past 10 a recent survey of seven states One In an Illinois town of less than Increased Its bank deposits from in 1040 to more than 20 times as In the same 10 Its population dropped from to Country In the seven-state midwest survey showed deposits rose from three to 20 many of them 10 in the The survey was conducted in Minnesota and All of the towns had less than PEACE RUMORS CONTINUE Rumors of peace In Korea continued to circulate in many world capitals although they were denied by high government The If any Is apparently will come from the United Nations Some reports indicate the United States might be willing to halt the fighting at the parallel provided it was a settlement with assurances of no further Red Observers in the far were skeptical that any peace feelers will come from They might come from Communist China might be thoroughly but they could simply call Its back behind the river boundary and sit and lose little SAME AS REFUSAL The Russians now say they are willing to hold a foreign ministers' meeting it the ministers would discuss th North Atlantic pact and U. S. bases In The Soviet note the big was sent to the after 3 weeks of meetings in Pan by deputy foreign ministers of U. Britain and According to western diplomats the Russian note amounts to tl same thing as refusal to attend a foreign ministers' The U has told the Russians many times they would not discuss the Nori Atlantic The new Soviet line is that U.S. bases In Europe ai essential cause of the worsening of relations between the U. and the three Price-War Shoppers If i not likely to happen in tbt borne story |
