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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Aug 17, 1951
Page
8
A Wall Street Journal anniversary survey shows retailers now face longages rather than shortages. Merchants buy warily from suppliers while inventories rise and sales slow. Prices remain high, but profit per dollar of sales has fallen as operating costs rise. Consumers shop with care.
Roswell Magill, chairman of the Committee on Federal Tax Policy, condemns the House tax bill as the largest and worst conceived ever. He says it imposes confiscatory rates, 90 percent ceilings, and yields poor incentives to production, risking national war and peace needs. He warns higher taxes would further choke the economy and aid Communist aims.
An analysis disputes trucking myths by 1950 figures from the Interstate Commerce Commission showing railroads moved about 596 billion ton miles versus 115 billion by trucks, with rail growth outpacing trucks. The piece argues that intercity freight and distance reveal railroads’ dominance.
Harper's magazine highlights Colonel Marshall's war reporting from Korea. He praises the U S Army's toughness morale and capability while noting Communist forces rely on sheer manpower and rudimentary supply and medical systems. The piece credits General Ridgway and praises Eighth Army and Marine units as the hardest hitting troops in three wars.
The article argues that while big oil firms dominate, small businesses also play vital roles. It cites 15,000 jobbers and distributors supplying consumers, noting their sales have tripled since 1940. It stresses how big enterprises enable small services like corner stations and urges against uninformed attacks on big business.
A Farm Journal essay by Wheeler McMillen argues price controls hurt farmers and the broader economy. He cites a baking executive whose costs rose while selling prices were frozen, forcing tighter inventories and reduced competition. The piece condemns bureaucratic controls as harming producers, workers, and consumers.
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