Evening star. [volume], October 26, 1947, Page A-7, Image 7

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
Price Decline in Italy
Played Up in Biggest
Newspaper Headlines
By th· Associated Press
ROME, Oct. 25.—Italian news
papers of center and right political
sympathies used their biggest head
lines today to tell the people that
prices were coming down.
"Don't buy, don't buy," said the
big type in Giornale Delia Sera,
"prices are coming down."
This was the biggest news, eco
nomic or political, an Italian news»
paper could publish in this postwar
period that has been marked by
soaring prices, plunging currency
and lagging wages.
But most of the press of the far
left, which was kicked out of Pre
mier Alcide de Gasperi's Christian
Democrat government earlier this
year and only a few weeks ago at
tempted his parliamentary over
throw on the issue of rising prices 1
treated the story with stony indif- ;
ierence.
Brushed Off as "Trick."
The Socialist organ Avanti men
tioned it only to brash off the price
decline as a "trick" of the "in
terests."
Despite the efforts of every post
war government to check rising
prices and halt currency deprecia
tion, the Italian's food cost him in
July, the last month for which
statistics are available, 61 times the;
number of lire it did in 1938, cloth- !
ing 68 times as much, fuel and light
48 times as much. Prices rose 25 to
33 per cent from January to July,
and were still rising early in Octo
ber.
Meanwhile, the average Italian's
pay increased only 15 to 40 times its
1938 figure—the smaller increases
going to the white-collar people, the
bigger ones to the unskilled work
erg.
Giarnale Delia Sera and other
rightist and centrist newspapers re
ported that the fall of prices began
in Northern Italy's wholesale meat
market early this week, spread
slowly southward and reached Rome
today.
Nobody in the Italian government
was prepared to say with assurance
that tumbling meat, butter, oil, lard,
wheat and egg prices ·ίη Milan,
Turin, Genoa. Bologna and other
cities meant that inflation had been
licked.
Accentuation Predicted.
The best that Giuseppe Togni,
minister of industry and commerce,
would say was that his information
indicated the deflation "is not
transitory and will be accentuated
over the next few months."
American financial experts said
there were "technical and seasonal"
reasons for the price declines, rang
ing from 10 per cent in some com
modities to 250 per cent for pork
carcasses at Bologna. These were:
1. The government's tightening of
federal and bank credit. This ac
tion squeezed some marginal specu
lators in food, forcing them either
to dump their holdings or shell out
hoarded foreign exchange.
2. August-October is Italy's peak
production period, and consumer
goods are more plentiful now, as a
result. '
3. The inflation reduced the pub
lic buying power.
4. The inflation also operated to
make sales at home more profitable
than Sales abroad. Exports have
been going down for six months.
But if the price swing-back was
technical and seasonal in origin, the
POLLY KIRACOFE.
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JANET G LI S SON.
LOUISE WHITING.
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BEVERLY ROHRS.
GLORIA BAKER.
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HELENA KNOUSE.
EVELYN RICKEY.
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PATRICIA Ε. ALYWARD.
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PATSY BROWN.
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MARY ELLEN ALLISON.
These 16 George Washington University students nave Been nominated oy various campus
organizations to be the 1947 Homecoming Queen. The winner will be announced at the home
coming dance Saturday.
government was doing what It could
to make it permanent. Instructions
were sent to all provincial prefects
to see that retailers passed the
wholesalers' cuts along to the con
sumer.
Senator O'Conor to Speak
Senator O'Conor, Democrat, of
Maryland will speak at the annual
banquet of the National Association
of Attorneys General at the Statler
Hotel in Boston tomorrow evening.
The association also will hear Attor
ney General Clark at a luncheon
meeting tomorrow and Senator Taft,
Republican, of Ohio on labor legisla
tion at a luncheon Tuesday.
Jewish Unit Will Sponsor
Discussion of Covenants
A panel discussion of restrictive
covenants and their effect on
American community life will be
held at 8:30 p.m. Tuesday in Pierce
Hall, Sixteenth and Harvard streets
N.W. under auspices of the National
Gapital Chapter of the American
Jewish Congress.
Speakers include Frank Gervasi,
author and foreign correspondent:
j Will Maslow. national director of
the Congress' Committee on Law
and Social Action; Aaron Goldman,
chairman of the Real Estate Dis
crimination Committee of the
Washington Jewish Community
Council, and Sydney R. Rubin, coun
sel on restrictive covenant matters.
Albert E. Arent, attorney and
former Justice Department special
prosecutor, will act as moderator.
Sanford H. Bolz, president of the
local chapter of the Jewish Con
gress, will be chairman of the meet
j ing.
Development of low-cost steel and
petroleum for lubrication appeared
almost simultaneously in the in
fancy of modern machinery.
Homecoming Queen of G. W. U.
To Be Crowned at Ball Saturday
George Washington University's
1947 Homecoming Queen will be
crowned by Robert Viano, associate
editor of Pic Magazine, during the
homecoming ball at the National
Guard Armory Saturday night.
Mr. Viano, John Powers, Harry
Conover and Earl Carroll are select
ing the queen from 16 candidates
nominated by campus organizations.
The name of the winner will be
announced at the dance.
Pancing will start at 9 pjm. with
continuous music by Claude Thorn
hill's and John Morton's orchestras.
The dance will climax homecom
ing activities. The opening event j
will be a rally on the campus Thurs-1
day night. Friday night a float
parade will pass a reviewing stand
at Twinty-flrst and G streets N.W.
and continue to Griffith Stadium
j prior to the football game with Vir- ι
ginia Polytechnic Institute at 8:30
:p.m.
An alumni luncheon will be held
at 1 p.m. Saturday at the Mayflower
Hotel with Dr. Edward C. Acheson,
associate professor of finance,
speaking on America's role in
Europe.
Dr. Studebaker Hits
'White-Collar Myth'
High schools no longer can Ignore
the "dangerous Irresponsibility of |
permitting boys and girls to pursue;
the white-collar myth," Dr. John W. !
Studebaker, Commissioner of Edu-1
cation, believes.
Dr. Studebaker made the com- j
ment yèsterday as he announced j
formation of a Commission on Life
Adjustment Education for Youth,
which will advise the Nation's high
schools on gearing their courses to
meet the needs of the times.
"Too many of our young people
are receiving an obsolete education
in the high schools," he stated.
He explained that high schools
are preparing boys and girls either
for colleges or the skilled trades.
But the courses offered are not
adequate for the youth destined
for one of the numerous occupa
tions that do not require a long
period of specific training.
The commission will provide j
guidance for schools interested in
giving such down-to-earth subjects
as home and family life, job hunt
ing, budgeting, use of leisure time,
understanding of the necessity and
dignity of all types of labor, and
civic responsibilities.
Among the leading educators ap
pointed to the commission is J. C. Î
Wright of thé American Vocational
Association, Washington.
McCarthy to Recommend
Rent Control Retention
By 1h· Associated Press
CINCINNATI, Oct. 25. — Senator
McCarthy, Republican of Wis
consin, vice chairman of a Joint Con
gressional Committee on Housing,
said today he "personally" would
recommend to Congress retention of
rent control when the present law
expires March 1.
He made the statement during a
hearing on the housing situation
which he and Representative McMil
len, Republican of Illinois, con
ducted here.
20,000 Hospital Patients
Of VA Taking Courses
Twenty thousand patients in Vet
erans' Administration hospitals tak
ing correspondence courses on sub
jects ranging from high school
English to bookkeeping and farming.
More tjian 230 of the courses, the
agency said, were obtained through
the United States Armed Forces
Institute The Institute was started
during the war to provide off-duty
study courses for military person
nel.
Fairbanks a Father Again
HOLLYWOOD. Oct. 25 (^.—Doug
las Fairbanks and his wife, the. for
mer Mary Lee Eppllng, Virginia so
ciety girl, today became the parents
of their third daughter, weighing
7 pounds, 8 ounces. Their other
children are Daphne, 7, and Victoria.
4. _ v
\ s
Prices Include Fabric and Labor
SOFAS... $142.50 to $319.00-HairFin
ing $8.00 extra. 20% Down Cushions $7.50 each extra. 25% Down
Cushions $12.00 each extra. Fringed Bottom $14.00 extra. Moss
Edging Cushion only $8.00 extra. Moss Edging all welts $14.00 extra.
LOVE SEATS... $119.50 to $202.50
—Hair Filling $6.00 extra. 20% Down Cushions $7.50 "each extra.
25% Down Cushions $12.00 each extra. Fringed base $11.00 extra.
Moss Edging Cushions only $6.00 extra. Moss Edging all welts $11.00
•xtra.
CHAIRS ... $47.50 to $11 4.00-h a ι,
Filling $3.00 extra. Down Cushions same as above. Fringed Base
$8.00 extra. Moss Edging Cushion only $3.00 extra. Moss Edging all
welts $8.00 extra.
^-1 =
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Olneq, ïïlarqland
1 CT
OPEN
YEAR
'ROUND
(Except February)
Complete Dinners and
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Cocktail Lounge Open
Sundays. Open Daily except
Mondays. Closed all day
Monday. Special Bridge
Luncheons on Tuesdays and
Thursdays, $1.50. To reach
; Olney, 12 miles north of Silver
f Spring, out State Route 97.
.
Clara May Downey
Owner
...IT'S TAILORED BY
HAND IN THE FABRIC
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You can't imagine a more complete collec
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of authentic 18th century design, with ex
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ever type of construction you desire, hand
tailored in your own choice of over 100
truly fine, authentic fabrics of every kind
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words, these superlative pieces are truly
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LISTEN TO "THE WAYNÉ KING SHOW" SUNDAY NIGHTS AT 6:30 OVER WMAL
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8th & PENNA. AVE. S.E.
OPEN NIGHTS 'TIL 9,
SATURDAY 'TIL 5
7"h & Ε STREETS S.W.
OPEN DAILY 'TIL 6
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in heavily shaded locations)
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