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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
Jun 05, 1953
Page
8
An authority on department and variety store retailing urges expense reduction in a competitive economy. Large sales last year hid slim margins, with typical dry goods stores earning only 2.3 percent net. Consumers should know most of each dollar spent does not stay with store owners.
Foreign trade is a two way street as shown by the jute industry linking American farmers with Asian farmers. India’s burlap production, based on jute from Indian Pakistan, was a major enterprise with burlap exports to the United States of $80 million in 1951, about 26 percent of India’s total dollar earnings. Most U.S. burlap imports go to packaging of agricultural goods, helping American farm products reach foreign markets, including India’s purchase of $330 million in American agricultural goods in 1951. President Eisenhower noted the need for world markets despite national strength.
The piece argues that heavy, ongoing investment in railroads over more than a century yields long term savings and benefits. It notes annual expansion costs exceeding a billion dollars, leading to greater efficiency, waste reduction, and higher wages and taxes, while freight revenue per ten miles falls relative to other prices. The focus remains on customer advantages from sustained modernization.
A California electric company strike highlights dangers of union demands for a closed shop. The company argues it cannot concede control over employees lives, while workers fear power stoppage in urban areas. The piece condemns union monopoly as enslaving labor and opposes mandatory joining.
Keith Funston president of the New York Stock Exchange spoke at the Empire Club of Canada urging government retreat from foreign investment. He called for less trade and capital movement interference, tax equalization, and closer ties between industry and finance to revive private capital flows and world recovery. He argued the investor should again be offered the international investment fare and praised global capital openness for peace and stability.
Leaders from farming and diverse food retailers in Washington outlined a non taxpayer funded plan to move crop surpluses. The approach mirrors prewar Producer-Consumer Programs run by chains, with requests reviewed for need and crop quality, then merchandising campaigns scheduled to deliver value to consumers.
Congressional hearings consider a 300 million plus Niagara River hydro project. Backers argue private utility groups would build quickly, sell power at regulated rates, and pay heavy taxes, while opponents push for tax funded socialized development. The issue centers on freedom versus socialism and the best path for national resource use.
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