The Clinton chronicle. (Clinton, S.C.) 1901-current, October 19, 1950, Image 15
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Thursday, October 19, 1950
THE CLINTON CHRONICLES
Page Seven
End Of Korean
Conflict Predicted
Within Weeks
lied troops to the explosive Man-!program is again instituted, (3) and
churian and Siberian borders is not that the whole farm support price
known. , i program Would be jeopardized as
South Korean troops were first to a result of high-level support prices
cross the 38th parellel, the artutrary on unrestricted production. He em-
, boundary between North and South phasized that, under an acreage al-1
t Tokyo—Military circles here spec- j Korea, in pursuit of the broken Red lotment program, the Secretary ,
wate generally that the Korean war a nny that invaded South Korea June could deny support price to farm-
will be over in a matter of weeks, j 25. This could mean that republican ers over-planting their allotments,
They expect that major fighting forces will be used to make the clos- in 1951.
est penetrations to the Communist; The whole South now seems to
borders touching Korea on the north- be critical of the Secretary’s hand-
west and north. Iling of the cotton program. Senator
There is little expectation in Tok-'Johnston (D.-S.C.) is urging acre-
yo that any important Soviet or North a g e allotments for 1951.
nnn i
Korean officials will be found in
Pyongyang. An escape route is still
will end after United Nations forces
drive into the North Korean Com
munist capital of Pyongyang. Spear
heads were within 40 miles of that
city today.
A slow and perhaps lengthy clean
up campaign to eliminate holdout
fragments of the North Korean Red
army probably will continue after the
close of the main military operation, i regular Allied air attack.
Tokyo circles have been optimis-!
tic as to a quick end of the fighting 1 paritl BllfCOU
since the Sept. 15 landing at Inchon'
pulled apart the Communist army.
This opinion has been voiced repeat
edly by field commanders who have
said the North Koreans definitely are
beaten.
Pyongyang is considered here to
be the last major military and po
litical objective of the United Na
tion* overland offensive. But its ex
pected capture probably will not
mark the high water mark of the Al
lied Drive northward.
”Army commanders have said of
ten that their job is to destroy the
North Korean military force and in
doing so to hunt out its remnants,
wherever they might be.
How close the chase will take Al-
open to the northward although main Fight New Credit
highways and railroads are under | n Effect
Hit By Business
Complete
Oar tow track la rirtaal-
\y a machine
And that
for
XML Complete repair* of
ten made on the spot. Hav
ing time and money. Drop
track today.
Timmerman
Motor Co.
Phone 119
Criticizes Cotton
Policy of Government
Anderson, S. C., Oct. 17—Allan
B. Kline, president American Farm
Bureau Federation, sent the follow
ing telegram to Ralph Trigg, PMA
Administrator, on Oct. 13:
“American Farm Bureau Federal
tion is vitally interested in protect
ing domestic supply of cotton in
order to meet civilian and military
requirements. However, we be
lieve that the announcement of
two million bales export quota
(Aug. 1, 1950-March 31, 1951) is
lower than is necessary to insure
adequate reserves.
“Cotton producers are now in
height of ginning and marketing
season. This announcement, com
ing at this time, is working to dis
advantage of producers and to ad.
vantage of cotton buyers and tex
tile industry, and will adversely
affect future exports of cotton.
“We believe that this will jeop
ardize 1951 domestic production of
cotton. A tentative export quota of
9,500,000 bales is more relaistic
We urge that a supplemental quota
be announced as soon aa possible."
E. H. Agnew, president of the S.
C. Farm Bureau, today announced
receipt of a copy of the Kline tel
egram and another telegram from
Boswell Stevens, president Missis
sippi Farm Bureau, urging action
insisting that the Government im
Washington, Oct. 15—Tight mew
credit curbs—more money down for
household appliances, bigger month
ly payments on cars—went into ef
fect Monday.
The Federal Reserve Board says
they’re necessary to control inflation.
Many business men, especially auto
dealers, say they’re not necessary
and that they’ll cut buying too dras
tically.
% A first round of restrictions on in
stallment-plan buying was put back
into effect only a month ago. The
new rules tighten them to this ex
tent:
1— New and used cars must be 1
paid for in 15 months instead of the
previous 21. The one-third down pay
ment requirement stays in force. Fi
nance companies say it now will take
about 590 a month to buy even the
lowest priced new cars. The rules
are as stiff as any of World War II.
2— The down payment on televi
sion sets and other major household
appliances now must be at least 25
pet cent and payments must be com
pleted in 15 months. Formerly the
down payment was 15 per cent and
the payoff period 18 months.
3— On furniture, the down pay
ment jumps from 10 to IS per cent
and the payoff period is cut from
It months to 15.
The effect of credit controls is
greatly widened by another mew
rule making the higher down pay
ments on articles costing $50 or more. |
Until now the controls haven't af
fected articles costing less than $100.
The board, in announcing the new
curbs, said reports from all parts of
the country showed “continued up-
media tely begin stock-piling cotton ward pressures on prices,” since con
st a minimum price of 40 cents per trols were re imposed September 18.
pqund basis middling 15-19. Automobile industry sources said
Agnew wrote to Secretary Bran-'the new restrictions would cut pro-
nan urging acreage allotments on > duction of cars and thus increase un
cotton for 1951 with an increase ov- employment.
er 1950 allotments sufficient to pro. The Detroit automobile Dealers as-
duce enough cotton to meet 1951 sociation called the restrictions “1
requirements. After the Secretary's terrible blow.’*
announcement that there would be “People In,the lower income brack-
no restrictions on 1951 cotton pro- eta, who must rely on time buying,
duction. Axnrw issued a critical cannot purchase cars on a 15 months')
statement setting for (1) that the maturity," said Charles Dalglelsh,
machinery for effective handling a president of the association,
cotton control Drorram would be Some used car dealers, who said
out of gear, (2) that the Southeast business dropped from 90 to 75 per
cent after last month's restrictions,'
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\ :
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46-OZ.
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Soft Weve Brand Toilet
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Jim Dandy—Top Quality Corn
White GRITS, 5 lb. pkg. 47c
% <e
The Breakfast of Champions
WHEATIES, 8 oz. pkg. 15c
MUd, Mellow SUrer Label
COFFEE, lb. bag 79c
Kraft’* Miracle Whip Salad ' ~
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Stokely’s Tender Cut
Green Beans, No. 2 can 25c
Heinz Rich Red Tomato
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Moeller’s SPAGHETTI or
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Comstock Luscious Sliced
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Stokely’s Tiny Green
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Sunsweet Evaporated
PEACHES, 11 oz. pkg. 31c
• would lose
when a control
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Phone 26
West Main Street
CUmton, S. C,