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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Nov 21, 1948
Page
9
A large crossword puzzle grid with numbered clues spans horizontal entries from 11 to 66 and includes varied hints such as places, objects, and concepts. The cross referenced clues range from geography to language and science, inviting solvers to fill a traditional pen and paper grid.
Forecasts suggest no severe coal shortage this winter with adequate overall supply if production stays high and exports remain limited. 1947 output expected near 600 million tons as industry adapts to rising demand, higher costs, and efforts to boost productivity for lower consumer costs.
The steel industry reports a severe scrap shortage threatening U S production and European rehabilitation plans. Industry spokesmen warn only sufficient scrap collection before winter can sustain output, with a $1 billion expansion at risk if scrap remains scarce. Government and industry vow cooperation as strikes already cut production.
The Bristol Rhode Island Phoenix reprints an editorial echoing John S. Knight in Chicago. He argues the capitalistic system has produced high living standards and rebuffs claims it is on trial, warning against efforts to discredit the press and promote alternative ideologies. He questions why socialism or communism aren’t on trial in Europe while capitalism is accused.
Representative Clarence Kilburn of New York, member of a Congressional subcommittee, asserts there has been no profiteering at manufacturing, wholesale, or retail levels amid nationwide price inquiries. He cites testimony from witnesses and notes retailers, from chain to independent stores, have worked to keep prices down while costs rise. The public, he says, benefits from mass production and distribution, and American business overall has emerged from the price inquiries with flying colors.
Reprinted Wichita Beacon editorial argues mis understanding by government leaders fuels price and supply chaos. It recalls past calls to plow under crops during abundance and criticizes current efforts to curb markets amid high demand. The piece labels policymakers as inconsistent and out of touch.
The author argues prices rise when demand outstrips supply and notes export policies reduce grain allocations. Citing historical lurches after wars, they warn subsidies and price controls fail to alter fundamental economics. Domestic supply is insufficient to meet demand, boosting wheat meat and corn prices.
United States News cites estimates that foreigners hold trillions in hidden funds in the U S and abroad. Officials seek ways to force privately owned money from hiding as Congress weighs Europe relief costs and possible underwriting by Europe. Financial figures indicate foreign gold and dollar resources around 26.3 billion dollars, prompting calls for revenue to offset Marshall Plan needs.
The discussion centers on Marshall Plan resources and potential foreign asset seizures. Estimates suggest up to 3.5 billion dollars could be raised from foreign securities and cash, with additional funds from the Alien Property Custodian. Critics warn of legal hurdles and the risk of rapid inflation from invalidating currency. Congress pursues strict oversight and cooperation among Europe, Taft, and Truman aim to limit costs and avoid a blank-check policy. The issue interlocks with inflation, commodity prices, and tax debates during a forthcoming special session.
An editor reflects on city slickers described as over dressed wiseacres focused on money and nightlife, criticizing their values and lifestyle in a pointed critique.
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