Show NE NEWS BE REVIEW VIE W ship shipping ping crisis impends Im c predict high feed prices fears of a minor crisis in railway shipping in mid july have been expressed by federal transportation experts in view of an a apparent slowdown in car c construction on truc contributing factors are mounting industrial production coupled with increasingly heavy wheat export movements and officials predict that the minor crisis c could 0 uld sw swiftly develop into a major t transportation r ans por tation block unless steps are taken to ease the traffic slowdown or prevent it from occurring with fate of the now financially e embarrassed mbarr assed office of defense transportation still undecided the interstate commerce commission has been requested to assume full responsibility tor for continuing orders requiring full loading of boxcars in the event that congress does not extend the life of beyond its june 30 expiration date meantime has sent investigators to freight car building companies to probe reports that allocated steel tonnages ton nages have not gone entirely into the 10 a month car construction program reports for the first halt half of may indicated that only 1751 freight cars were built 81 short of the number constructed during the corresponding sp period in april explanation offered by the car builders Is that inadequate steel supplies and strikes within the industry have been responsible for the grave decline in freight car construction st that view however is discounted by federal officials who point out that the government forced the steel industry to provide the necessary tons of steel for the 10 a month goal FEED PRICES to stay up prospects for the 1947 feed crops will be an important influence on feed prices according to a department of agriculture report the very strong foreign demand for 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 hall half of 1947 corn prices this summer the report predicted will average higher than the june 1946 ceilings but lower than in the summer of 1946 after price controls lapsed the departments survey went on to reveal that reports in early may indicated that approximately million bushels of 1946 corn would be marketed this season that figure would be 50 per cent greater than the 1938 1933 42 and 14 per cent above the previous record sales from the 1944 crop farm sales of 0 other feed grains from 1946 crops also ran generally larger braden quits spruille Sp ruffle braden longtime advocate of and principal force behind this count rys hard handed attitude toward fascist inclined argentina has resigned as assistant secretary of state ia a charge of latin ameri can affairs to succeed him in that post president truman was expected to nominate norman armour of new jersey topflight career diplo mat armour previously served as american envoy in the argentine and is well known and liked there latin american reaction to his appointment armour w was a a expected to be highly favorable acceptance of bradeis Br adens resignation by president truman was generally regarded as a strong implication that the united states is ready to swing back to a policy of appeasement in latin F america it w was a a anticipated that the changed attitude would take the form of just jus I 1 1 a little a appeasement p p e a of latin american fascist dicta dictators particularly juan D peron president of braden argentina braden long a toe 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 ameri can nations and formation of a military alliance with other republics in the western hemisphere |