| Show SCANNING THE WEEK'S NEWS of Main Street and the World Capehart Amendment Allows Price Increases on Thousands of Items HERE WE GO With a of we go home town housewives across the nation learned the Capehart amendment to the contrail lav is effective The amendment opens the way for possible price increases on thousands of consumer including drugs I and Under this amendment manufacturers and processors are allowed to use their pre-Korea prices and add or subtract cost Increases or decreases through last July 26 in computing new Because application of the Capehart formula is the general effect of the I new order could not be adequately it was believed j the particular effect will be to raise prices whenever an application for adjustment is There is just one possible hope for the Manufacturers are not required to seek new but are allowed to do If any concern seeks higher prices for any line of any reductions required by the formula for other goods must be put into effect as The firm cannot seek higher prices Among the items affected by the new order are wool and cotton yarns and soft liquor and lumber and crude canned and frozen fruits and and many other processed also many important Price Director Michael V. Dl Salle has warned congress that prices apparently are rising again and it would be a dangerous risk to decontrol any major item ABRAHAM MARCH Of DIMES JANUARY FOOD PRICES While the OPS was announcing possible future price the Bureau of Labor Statistics revealed that Its latest index on food prices indicated an increase of nearly 1 per cent since its previous The bureau pegged the price index at That placed it per cent above the average and 14 per cent above Leading the advance were fruits and and dairy i including chose and poultry and fish as did fats and TRUCE TALKS The frustrating Korean peace talks continue with the two sides deadlocked over supervision of the truce and the Reds refusing to open discussions on the exchange of Perhaps the most significant news from the truce talks Is that the negotiations have entered the sixth It is almost inconceivable that two parties can talk for five months without agreement if there was good faith and a desire for peace on the part of all This fact alone has made the people in the home town of America pessimistic of the By the time this reaches print the December 27 deadline on the cease-fire line will have If and armistice has not been agreed then a new cease fire line must be drawn before a final For this reason it appears unlikely an agreement will be increased fighting can be expected on the battlefront as both sides attempt to improve their TRUMAN President Truman cut short his Florida vacation and returned to The President hastened to assure the public that no sudden world emergency dictated his It was obvious two things were uppermost in the President's The deadlocked Korean truce and the still-developing tax It was considered unlikely there would be any public announcement concerning decisions about the Korean situation until those decisions had been carried The tax was another The President and those surrounding him have become more and more concerned with the developments in the tax fix White House even the calling in of J. Edgar FBI to conduct a sweeping appeared to be a likely MRS Eleanor one of the most controversial figures to appear on the American came under attack of Archbishop J. Francis A. for the role of an agnostic and Roosevelt said on a radio program don't know whether I believe in a future life I came to feel that it didn't really matter very much- because whatever the future held you'd have to face it when you came to it just as whatever life holds you have to face it in exactly the same think I am pretty much of a You have to accept whatever and the only important thing is that you meet it with courage and with the best that you have to The archbishop said he considers it strange situation that one who is chairman of the United Nations Commission on Human on the question of assume the role of an agnostic and DEFENSE Secretary of Defence Robert A. Lovett has announced that a provision for increasing the Air Force from 90 to wings of them combat will be in the 1953 fiscal year budget now being prepared and which will be presented to congress early next The actual size of the defense budget has not been but it Is believed to be within an informally set ceiling of for the entire military Congress appropriated a total of for the Air Force and the Office of the Secretary of Defense for the present fiscal exclusive of foreign military The present 90 wings of the Air Force their size varies from about 75 planes for fighter units to 30 for heavy bombers are not modernized since they are in many instances made up of aircraft such as the and These planes are World War II vintage and must be TAX FIX House Ways and Means subcommittee graft in the Department was blown wide open by the charge of Abraham that two men claiming friendship with federal officials tried to shake him down fop with promises of a n wealthy Chicago further fied as attorney fo the Capone family in some of their legal swore that Bert and Frank led him to believe that they knew of a Washington clique which was on the lookout for Naster and Nathan both vigorously denied the but Attorney General Howard McGrath ordered a grand jury investigation of As far as the people In the home towns are the charges and denials continue to throw darker shadow across the Internal Revenue under fire since the dismissal of Assistant General Theron Caudle by President And the deeper the investigating committee digs the more dirt that is likely to be There is no doubt now that the echo of this investigation will be heard in the election campaign of |
