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About Roseburg news-review. (Roseburg, Or.) 1920-1948 | View Entire Issue (Aug. 1, 1946)
it -A RO'SEBURS REW5-REVIEW, ROSEBURS, ORESOR THURSDAY, XUGUST T. '1 9461 SEVER " : a year apo with which to buy ba sic TJ. S. commodities Is now worth only 64.4 cents. The fact that the dollar has suddenly lost 35 cents of Its val ue will add to British "choosey ness" as a buyer, much as the American buver Is beginning to be choosev. The British are like ly to hunt bargains in countries where prices are lower. In many such cases thev'll pay In Ameri can dollars. Then the second country will have American dol lars to spend here. In either case, American sellers stand to benefit, since almost every country right now has pressing needs for some American machinery and food. Around the Circle For example. If Great Britain decides to buy Egyptian cotton, rather than American, and chooses to Day in American dol lars, then Egypt will have dol lars to spend here. If the British decide to buy most of their wheat in Canada, as thev nrob- Oregon Canning Trade One Of Many Expected fo Prof if By U. S. Loan fo Greaf Britain By SIGRID ARNE WASHINGTON The U. S. decision to lend Great Britain $3, 750,000,000 will mean more business here as It was intended to do. Four sections of the United States are likely to feel the shot-in-the-arm first, judging from the Initial British government announce ments of the manner in which the loan will be used. Here they are: 1. and 2. California Oregon and Minnesota where the can ned food industry is concentrated. The British government has promised Its people a little more food not much, but more. A pood deal of It will be canned fruit, since the British are fruit hungry. Through the war. for six long years, they had neither the shiDs nor the money to waste on such luxury. The fpw fruits that pot to Britain became so fantas tically exnenslve that a single pear would bring $3.50. Textile Machinery 3. New England where the textile machinery Industry is concentrated. Textiles were one of Great Britain's biggest, pre war sellers abroad. For genera tions English ginghams, percales and chintzes have been the de light of women the world over. But bombs damaged a lot of the machinery, and much of the rest wore out on war lobs, or became antiouated. The British Dlan to ' permit the use of a good chunk of the U. S. loan to modernize their textile industry. They're banking on it to helD pay their wav nut of their hufje war debt, and the new American loan. 4. The ChicagoColumbusPItts burgh factories where coal min ing machinery is made. Britain also made much money bv the sale of coal to other countries. Now her mines need repairs, and the government says a second good chunk of the loan will be SDent fixing them up. To Move Slowly It's estimated only some $400. 000.000 of the loan will be snent this year. By 1951 the British must have used the whole amount. That year, also, the 2 per cent interest payments be gin, and thev continue for 50 years, or until 2001. By that time the British hope their foreign sales will be large enough both to pay for goods to meet their current needs and also to begin to pay off their debts. Here's the way the British gov ernment plans to dole out the American loan. Any British Imnorter who wants to buy in the United States must explain his Durchase to the Board of Trade. If the board de cides either (a) that the purchase is something the British should have, even under their "austerity living" Drogram, or (b) that the commodity is needed to make some British export more sale able, -the government will an prove the Idea. The Importer will rot American dollars to pay for jis purchases here. Because of the many expenses facing the British government to day, there is marked worry in London, as in many capitals, over American price inflation. It makes the dollars they are bor rowing worth less, because they can buy less. There is a Bureau of Labor Sta tistics figure which illustrates British worries: It averages out the price Increases during the past year on 28 basic commodities (such as wheat and cotton). In those 12 months their prices have jumped da.b per cent. Turn that around and it means that a dollar a Britisher might have received ably will, since Canadian wheat can be sold for less than Ameri can, then Canada will have more dollars to spend here. In any event, the $3,750,000,000 will eventually come winging home again to pay for commodi ties from American farms and factories. Gl Terminal Pay Bill Approved by Senate WASHINGTON, July 31. m The Senate approved a $2,400, 000,000 servicemen's terminal pay bill today, putting the measure one step from the White House. The House of Representatives it ill must act. An estimated 15,000,000 former members of the armed services would share in the payments, which would be in lieu of fur loughs earned but not granted during the war emergency. Truebloods Return Home Mr. and Mrs. C. E. Trueblood have returned to Roseburg from Eastern Oregon where they visited their daughter and son-in-law, Mr. and Mrs. Harlan Koger, at La Grande, and a grandson, Dr. Lavon M. Koger, at Ontario. Returning through The Dalles and Prineville, the Truebloods visited their granddaughter and grandson-in-law, Mr. and Mrs. Dan Lawler. Mr. Trueblood reported a big movement of livestock In Eastern Oregon; two weeks ago, 1,600 head of cattle and 400 hogs were shipped from there and big crops nr wncay are exnecTeo. " u.xi-r'sjKrs Some are fat, some are . lean, And some are halfway in-between. j? But on this they do all agree 'PATTERSON'S BREAD is best for me!" For Sandwiches ODE BIT Ow . Now Available for J Wjf. Immediate Delivery MODEL DD. 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