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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Aug 31, 1951
Page
8
Government economists forecast another rise in food prices though experts differ and time will tell. The piece argues retailers carry little profit, with big chains earning just one to two cents per dollar, while wholesale costs, payroll, rent, and taxes push prices up due to broader economic forces.
An official from a leading oil company argues that geologists can prove substantial undiscovered oil and gas reserves remain within economic reach in the United States. He notes historical forecasts of exhaustion were wrong, cites large output from about 42 000 wells last year generating nearly 2 000 000 000 barrels, and predicts continued growth despite past shortages and wars.
The American Chemical Society will hold its Diamond Jubilee meeting in New York from September 3 to 7. National Chemistry Week is designated for September 28 by the Department of Commerce, with a special 75th anniversary stamp approved by the Post Office Department. The piece notes U.S. leadership in chemistry and industry and warns that preserving free, competitive research is essential amid rising costs and threats to incentives.
The Interstate Commerce Commission grants a 6.6 percent increase, including a 2.4 percent interim rise from last April. Rail executives warn the move mostly covers rising costs, not all deficits, with annual revenue up about 564 million while wages and materials costs climb more than 1 billion.
A lengthy government publicity effort for Shasta dam in California featured the Marine Corps band and six jet planes. Critics note the display masks a plan for a federal electricity monopoly, taxpayer funding of dams, and tax advantages for government power programs.
The Indiana General Assembly denounces federal grants and doles as eroding states rights and individual independence. It argues the nation should tax and fund itself, end federal participation in education highways employment and welfare, and restore limited government.
The piece argues the Soviet peace demonstrations and letters to Truman aim to sway Western publics and slow arms buildup. It notes Western leaders warn against trusting Communist statements while doubts grow about Soviet strength and satellite unrest. It questions why Russia delays invasion and cites arsenal size and potential domestic unrest as Western leverage.
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