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Show NEWS REVIEW Postal Boost Foreseen; Economists Decry Slump POSTAL RATES: May Go Up A measure embodying the first general revision of postal rates since 1879 which would add about 110 miUion dollars a year to post office revenues has been introduced 111 the house of representatives. The bill provides for a 30 per cent increase in parcel post rates and would revise the air mail rate from five to six cents an ounce. In addition, the new plan would add about 30 per cent a year to present scales for second-class mailing of newspapers and periodicals sent outside out-side the county in which they are published. Another provision would maintain the current three-cent local and nonlocal non-local rate for first class mail beyond the July 1 deadline when those rates were slated to revert to the former two-cent leveL The new rates woma go into effect ef-fect 60 days after the bill is passed and signed by the President. READJUSTMENT: o )circssion Not a depression but a price "readjustment" "re-adjustment" is in store for the United States, the federal reserve board has predicted. Reserve board economists explained ex-plained that heartening news by pointing out that a downtrend in prices if "necessary, healthy and inevitable." The Inconsistencies In the national economy, which have arisen out of the fact that our economy econ-omy is part rigged and part free, will have to be eliminated. For instance: About 14 million organized or-ganized workers have derived bene- fits through forcing higher wage levels. Twice that many unorgan ized workers have not shared to an equal extent in the wage increases A number of industries, able tc control prices, have driven then-upward. then-upward. Others, at the same time, have been held down by government govern-ment controls. The main reason that farm an! food product prices soared after the war was that there was little els the consumer could purchase. Now with production making a come back, the previously scarce radios refrigerators, automobiles and sc on are competing for the consum er's money. Federal reserve board economist! say that farm prices are expected to stabilize about 25 per cent undei the 1946 peaks. They also express confidence that they can put th brakes on any further Inflation I congress provides the necessary assistance. LI NTS DEATH: End of nn Era? The battleship Oklahoma, first ol the so-called "super-dreadnaughts." might well be recorded in historj as an accurate symbol of the era during which it ploughed the seat for the U. S. navy heroic but futile In her 31 years of steel-clad exist ence she never fired a shot at ar enemy. Based at Berehaven. Ireland, dur Ing World War I. she saw no action; and on December 7. 1941. five Japa nese torpedoes sent the sturdy ole ship lunging to the bottom of Pearl Harbor before her crew could mar the guns. Raised to the surface and ther nbandoned as not worth salvaging the Oklahoma was consigned to th scrap heap and taken In tow for thi last long voyage across the Pacific Suddenly. 540 miles northeast o' Pearl Harbor, the tragic battleshif listed heavily, as if tired of war and its aftermath, and slipped into th sea. three miles deep at that point, for her flnnl escape from the era ol violence that had been her lifespan END THE WAR: Students liot Demonstrating violently In open defiance of Chinng Kai-shek's ordci to quiet down, thousnnds of university univer-sity students in several Chinese cities cit-ies fortified their demand that th civil war be ended Immediately by calling for a general strike. Declaring sternly thnt the student riots were Instigated by Communists. Commu-nists. Chiang said they would b quelled forcibly If necessary. Th students reacted with further pa rnde Btid violence In Shanghai. Nan king and Pclplng. About 25.000 students were or strike from 16 universities, with their demands including KjOllBg from n better system of grading papers pa-pers to higher government living al lownnccs and an end to the war. |