Show NEWS RE REVIEW f YE W parley still deadlocked ill haeher arte rte gigher prices I 1 predicted MOSCOW no agreement the conference between U S secretary of state marshall and premier stalin has achieved little or nothing to in the opinion of american diplomats in moscow the deadlock 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 the possibility that some minor concessions may be made by the russians for propaganda purposes it Is not believed likely however that anything important will be achieved at this session es slon hope that the austrian treaty would be completed has pretty well faded main stumbling block in all the treaty negotiations Is the russian demand tor for huge reparations it if the russians would retreat somewhat from their position some arrangement might be worked out it Is admitted admit tedo while there is considerable justification fi or calling this conference a failure american diplomats ats point out that certain fundamental issues have been aired and that secretary e tary 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 ons one of the topflight business executives of the country alfred P sloan jr chairman of general motors corporation in a speech before the economic club of new york sloan blamed demands of union laborers tor for wage increases it la Is clear a new national wage P pattern attern is being formed he said eald and that business cannot meet higher wages and make price reductions duct ions at the same time he admitted that lowering of prices Is a badly needed change any enterprise that can absorb wage boosts without raising prices should do so he be advocated but he added that few could do so burdensome taxes also prevent substantial pries price reductions he said it Is the price level of farm produce U ce not of manufactured goods that Is most out of line sloan declared in all likelihood he predicted consumer resistance to high price in the perishable goods lines particularly foods will bring a more or less serious decline to in general business volume before final adjustment Is made TEXAS CITY BLAST chaos prevails I 1 the explosion of the french freighter grandchamp Gran dcamp in a slip in galveston bay texas city tex was followed in rather fast order by eap exp explosion joslon of the freighter high flyer as other explosions both ships were laden with tons of ammonium nitrate it may be weeks before any reliable facts can be secured secure deven even as to the origin of the first blast hundreds lost their lives the injured may reach thousands and property damage of millions Is certain the loss to the monsanto chemical pi plant ant in immediate vicinity of the initial explosion of the french vessel will reach 20 million dollars prompt assistance by state officials federal authorities and red cross units as well as houston galveston and other texas firefighters and police the cooperation of air lines railroads and doctors nurses and ambulance workers prevented the loss in life from reaching several 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 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 es who wandered around in a deze daze the shock was felt 10 miles away and the fires could be seen tor for miles even airplanes exploded in the air atomic control possible now article 51 of the united nations charter provides a basis for possible comero compro compromise m ise on an atomic energy control plan which bypasses bypass ea the veto problem it if it could be agreed that illicit production or storing of fissionable materials constitutes evidence of intent to commit armed attack then catl nations on could automatically once a violation violation had been certified proceed to take enforcement action without waiting for explicit security council approval appi oval points out dr fox |