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Show NEWS REVIEW Shipping Crisis Impends; Predict High Feed Prices Fears of a minor crisis In railway $ shipping in mid-July have been expressed ex-pressed by federal transportation experts in view of an apparent slowdown in friegh car construction. construc-tion. Contributing factors are mounting mount-ing industrial production coupled with increasingly heavy wheat export ex-port movements, and officials predict pre-dict that the "minor crisis" could swiftly develop into a major transportation trans-portation 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 for continuing orders requiring full loading of boxcars in the event that congress does not extend ex-tend the life of ODT beyond its June 30 expiration date. Meantime, ODT has sent Investigators Investi-gators to freight car building companies com-panies to probe reports that allocated allo-cated steel tonnages have not gone entirely into the 10,000-a-month car construction program. Reports for the first half of May indicated that only 1,751 freight cars were built, 81 short of the number num-ber constructed during the corresponding corre-sponding period in April. Explanation offered by the car builders Is that inadequate steel supplies and strikes within the industry in-dustry have been responsible for the grove decline in freight car construction. con-struction. That view, however, is discounted by federal officials who point out that the government forced the steel industry to provide the necessary 200,000 tons of steel for the 10,000-a-month goal. FEED PRICES: To Slay Up Prospects for the 1947 feed crops will be an Important Influence on feed prices, according to a department depart-ment of agriculture report. The very strong foreign demand tor grain 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 report re-port predicted, will average higher than the June, 1946, ceilings, but lower than in the summer of 1948 after price controls lapsed. The department's survey went on to reveal that reports in early May indicated that approximately 832 million bushels of 1946 corn would be marketed this season. That figure 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 grains from 1946 crops also ran generally larger. SWINGBACK: Braden Quits Spruille Braden, longtime advocate advo-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-American affairs. To succeed him in that post. President Truman was expected to nominate Nor- 'A man Armour of 1 New Jersey, top-r top-r h flight career diplo- l'JtT't' mat' rmour pre" IvVt v'ous'y served as 4 y American envoy in the Argentine and VNsM liked there. Latin-W Latin-W American reaction ,vj-j to his appointment Armour was expected to be highly favorable. Acceptance of Braden's resignation resigna-tion by President Truman was generally gener-ally regarded as a strong implication implica-tion that the United States is ready to swing back to a policy of appease- - m e n t in Latin ' Jo-Tv America. It was f anticipated that the Jt , ' ' si changed attitude would take the if 74V form of "Just a jt;Vi little appease- iV 1A ment" of Latin- I yZL.' I American Fascist I Y I dictators, particu- LmmmJ larly Juan D. Pe-ron, Pe-ron, president of Braden Argentina. Braden, long a foe of Peron and his methods, told Mr. Truman In a letter that personal responsibilities compelled him to return to private business. Departure of Braden from the state department followed closely on the heels of his being overruled by the administration on two basic issues in inter-American relations: Supplying of arms to Latin-American nations and formation of a military mili-tary alliance with other republics in the western hemisphere. |