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.
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