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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (July 13, 1949)
4 The Newi-Review, Roteburg, Or. Wed., July 13, 1949 Britain Producing More Than It Ever Did, But Export Trade With Dollar Countries Slumps neaviiy, urearing oenoio ttunwimu vi By SAM DAWSON NEW YORK, July 7 UP) The British are producing more than they ever did before, and exporting as much as they ever did. And still they can't make ends meet. What's the trouble? One trouble seems to be Bri tain's loss of the huge sum of "invisible exports" which poured money into the tight little isle before the two wars. Some $17 billion worth of these assets, these British investments around the world, were sold to finance the last war. The earnings from these formerly British properties now go to others. They no longer flow back to Britain. In 1938 the British listed their "Invisible exports" at 232 million pounds and the pound used to be worth $5. The visible exports of goods were listed at 533 million pounds. In the first half of this vear "Invisible exports" are est! mated at only 35 million pounds and the pound now brings $4 officially, and little more than $3 in the "free" market. But so far this year their visi ble exports are running at an an nual rate of around 1,800.000,000 pounds, compared with 533 mil lion in 1938. Unfortunately, their imports now are topping all ex ports by 30 million pounds they're running that much in the hole. But In 1938 they were run ning 70 million pounds behind. Their second trouble is the chancing character of their 1m ports and exports. They may be running closer to balance In their over-all trade now tnan in lHvSf. But thev are running far behind in their trading with the dollar area. Sterling Area O.K. Since the war a greater pro- fiortion of the things they must mport come from the Western Hemisphere the dollar area, And a greater proportion of the things they nave to sen are want ed bv Dersons in the sterling area, The British arc doing all right In the sterling area, which In cludes their Commonwealth, ex cept for Canada, and also includes part ol tne Middle fcast, ana ice- land and Ireland. This area is buying much more from Britain than it is selling to Britain. And so are the nations in Marshall Plan area of Europe, on the average. From these two areas Britain is piling up a fine favor able trade balance. But they are running far be hind in the other areas, and are spending more dollars than they take in. And It is the dollar crisis that counts now. U. 8. Importing, Less Looking at the trade between the United Kingdom and the United States, and eliminating all the other dollar area-sterling area trade, we find: The United Slates, In the first quarter of this year, exported to the British $l74,8Uu,ooo worm or goods. Tills was considerably down from the peak: of $330,9X), 000 in the first quarter of 1947. But the United Slates was im- frartlng from the United Kingdom n the first three months of this year onlv $67,100,000 worth, and this has undouhledly slipped since then. Our postwar top imports from the United Kingdom were $75,700,000 in the last quarter of 1948. We aren't Importing quite as much now as we did a year ago, when first quarter total was $()7,4K),uiju, nut much neiter tnnn two vears ago when it was $47, 000,000. The things that the British have been buying from lis have been concentrated largely In food and raw materials to sloke her factory workers and factory ma chines. The things she has been selling us are largely the pro ducts of these factories. But Americans make these things, too, and the British have to com pete with American production to sen tneir pronucis nere. Prices Too Hioh. U. 8. 8avs Americans say the British prices are too dear. The British blame the cost of production for that this Includes wages paid British labor but also the prices paid Americans lor tne raw ma terlals the British factories use. The British government now monoses to cut these prices some how. It announced a policy of no more wage iiikcs, icsi inev force prices higher. It says ways will be found to cut costs or pro duction, to get more goods nr man hour of labor, and to avoid waste of materials and manpower. However, the move comes at a time when world markets are slowing down, if only temporar ily. That puts another hazard In Alexander the Great Is said to have been so Interested In dis covering new kinds of food that he promoted soldiers who brought him an unusual meal, fruit, or vegetable. FORD RADIATORS REPAIRED Sy Our Experfs w' Oi,.' " t m-H MM) ii mriw. the way of the British who are trying to make ends meet. Americans who have been back seat driving the British crisis have various explanations for it. Official Washington is believed to regard the crisis as merely part of the switch-over from sellers' to buyers' markets around the world. Many American indus trialists say the whole trouble is Socialism in England that the sterling. British could make ends meet If they used the American free en terprise system. Still others think the British are just having the natural ex perience of trying to get going again after paying for, a costly war that trimmed their foreign investments and put the Ameri can dollar in the world's financial saddle in place of the pound Pests Destroy $15 Million Worth Of Food Annually In American Pantries WASHINGTON. Uncle Sam is urging housewives to go to war on the pantry pests that de stroy more than $15,000,000 worth of grain foods in Ameri can homes annually, on the clothes moths, carpet beetles and other household pests. The pantry pests are the bugs that get into cereals, flour, meal, cornstarch, crackers, breakfast foods, macaroni and spaghetti. They may also be found in spices, chocolate, cocoa, dehydrated foods, dried fruit, dry soup mixes, dog biscuit, bird seed, nut meats, cigarettes. , Five species of insects are most commonly found in the cupboard and pantry. Four of these are bettles. Dr. L. S. Henderson, of the Division of Insects Affecting small, almost black in color, are Man and Animals of the U. S. hard-shelled and have a cylindri- Department of Agriculture, de criben the pests as follows: 1. The drugstore beetle, the most pesky pest of them all. It gets its name from the fact that ii was first detected in spices and herbs in the days when these items were sold In drug stores. "Few people think of looking for bugs in spices, for example, "Dr. Henderson told me, "but sometimes that's the way they're introduced into the pantry. Later they move into the cereals and flour." 2. The flour beetle. 3. The rice bet tie. 4. The 3aw-toothed grain bettle. All these last three are very cal body. 5. The Indian meal moth. Its larvae is larger than the body of the beetle, it spins a webbing around itself of the flour or meal in which it lives. When you dip out the flour it is stringy and fuzzy. It's darker In color than the moths that get into your blankets, carpet and clothing and two or three times larger. And it doesn't eat anything but grain foods. Pests Not Poisonous . The pantry pests are not poi sonous, says Dr. Henderson. Food, he says, is not ruined Just be cause a few bugs have crawled into it A few In the flour, for in stance, can be picked out, or the flour sifted. If the products are heavily infected however, they can be fed to pets, chickens or ! livestock. To control pantry pests he sug gests removing everything from the shelves or cabinets, thorough ly cleaning them, spraying all cracks and shelf space with a five per cent DDT solution. The spray will dry and leave crystals of DDT which retain the power to destroy insects crawling about on the shelving among food pack ages. But let the spray dry before you put the packages back. The dry DDT powder will not harm food inside packages. Beautiful Plate , Mirrors Priced Right PAGE LUMBER & FUEL 164 E. 2nd Ave. S. 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