| Show NEWS REVIEW Parley Still Deadlocked Higher Prices Predicted MOSCOW l No Agreement The conference between U. U S. S Secretary of State Marshall and Premier Stalin has achieved little or nothing in the opinion of American Ameri Ameri- can diplomats in Moscow The deadlock deadlock deadlock dead dead- lock between Russian and United States delegations in the Council of Foreign Ministers seems no nearer to solution Basic disagreements on the German peace treaty are too great it is thought for any easy or rapid agreement This pessimistic view does not exclude exclude exclude ex ex- clude the possibility that some minor concessions may be made by bythe bythe bythe the Russians for propaganda pur pur- poses It is not believed likely however however however how how- ever that anything important will willbe willbe willbe be achieved at this session Hope that the Austrian treaty would be completed has pretty well faded Main stumbling block in all the treaty negotiations is the Russian demand for huge reparations If the Russians would retreat somewhat from their position some arrangement arrangement arrangement arrange arrange- ment might be w worked out it is admitted While there here Is considerable justification justification justification justi justi- for calling this conference a failure American diplomats point out that certain fundamental issues have been aired and that Secretary Marshall has had an opportunity to present American policy to Russia and the world HIGHER PRICES Sloan Says So Still higher prices are coming soon according to one of the topflight topflight top top- flight business executives of the country country Alfred Alfred P. P Sloan Jr chaIrman chairman chairman chair chaIr- man of General Generall Motors corporation In a speech before the Economic club of New York Sloan blamed demands demands demands de de- de- de mands of union laborers for wage increases It is clear a new national wage pattern is being formed he said and that business cannot meet higher wages and make price reductions reductions reductions re re- re- re at the same time He admitted admitted admitted ad ad- that lowering of prices is a badly needed change Any enterprise enterprise enterprise enter enter- prise that can absorb wage boosts without raising prices should do so he advocated but he added that few could do so Burdensome taxes also prevent substantial price reductions reductions he said It is the price level of farm produce produce prod prod- uce not of manufactured goods that is most out of line line Sloan de de- In all likelihood he predicted predicted pre pre- consumer resistance to high price in the perishable goods lines particularly foods will bring a amore amore amore more or less serious decline in general general general gen gen- eral business volume before final adjustment is made TEXAS CITY BLAST Chaos Prevails The explosion of the French freighter in a slip in Galveston bay Texas City Tex was followed in rather fast order by explosion of the freighter High Flyer as well as other explosions Both ships were laden with tons of ammonium nitrate It may be weeks before any reliable reliable reliable reli reli- able facts can be secured secured even even as asto asto asto to the origin of the first blast blast- Hundreds Hundreds Hundreds Hun Hun- lost their lives the injured may reach thousands and property damage of millions is certain The loss to the Monsanto Chemical plant in immediate vicinity of the initial explosion of the French ves yes vessel vessel sel set will reach 20 million dollars Prompt assistance by state officials officials om- om federal authorities and Red RedCross RedCross RedCross Cross units as well as Houston Galveston Galveston Galveston Gal Gal- veston and other Texas firefighters and police the cooperation of air nir airlines airlines lines railroads and doctors nurses and ambulance workers prevented the loss in life from reaching several several several sev sev- eral hundred more A few hours after the first blast Texas City was the scene of chaos Ten fires sprang up within a few hours The concussion wrecked buildings in the center of town and fires completed the destruction of many sections of the industrial city The residential section was about the only section not leveled Homes and buildings in Houston Galveston and other cities were thrown open to the evacuees who wandered around in a daze The shock was felt 10 miles away and the fires could be seen for miles Even airplanes exploded in the air Atomic Control Possible Now Article 51 of the United Nations charter provides a basis for possible possible possible pos pos- sible compromise on an atomic energy control plan which bypasses the veto problem If U it could be agreed that illicit production or storing of fissionable materials constitutes evidence of intent intent in in- tent to commit armed attack then nations could automatically once a violation had been certified proceed to take enforcement action without waiting for explicit Security Council Council Coun Coun- Council cil approval points out Dr Fox |
