10 Tht N.wi-Rtview, Roieburo, Or. Wed., Sept. 21, 1949 1 ypg j AltieNCCin
Export, Declares Writer
HERE'S HOW IT'S DONE Post"""'" General Jee Donaldson
shows little Gail St. Clair, seven-year-old polio victim, how the
Pont Office Department in Washington is helping In an emergency
drive (or funds to fight the disease. The record number of polio
cams has depleted the March of Dimes fund, making a special
money campaign necessary. Contributions may be mailed to
"POLIO," care of any U. S. Post Office.
Lower Dollar Prices Are
Predicted Throughout World
NEW YORK-m Lower dol
lar prices around the world are
looKed lor as an early major re
sult of the week end devaluation
of foreign currencies.
Still more countries may have
to follow the devaluation parade
which began last night with
Britain's cut In the pound 'from
J). IX) to $2.80, a slash amounting
to surprise 301 per cent.
The devaluation means the
dollar prices of gcods produced
In these countries could fall a
maximum of 30i per cent If the
reduction Is caused solely by dp
valuation. But prices probably
will not fall that far. Some may
come down only a few cents.
How lone these lower prices
may prevail Is unpredictable.
Agree Pries Lower
American businessmen In their
first reaction agreed prices will
he lower on foreign goods priced
In devalued currencies and sold
In America for dollars.
No one knows yet, however,
how far prices will go down on
Individual commodilies or manu
factured goods over the next few
weeks or months.
An Important secondary effect
Is the Impact of devaluation on
the prices of goods produced In
America for sale abroad. Amer
ican exports may have to be sold
more cheaply to encourage sales.
The announced purpose of
British devaluation Is to lower
prices on British goods sold In
America. Britain hopps to get
more dollars through Increased
sales at cut rates. Other coun
tries cutting their currencies in
Britain's train hope for the same
result.
Cut In 1931
Historically, lower prices have
followed devaluation. The British
devalued their pound in Septem
ber, 1!W1, by culling It loose from
gold and letting It drift lower'
in foreign exchange markets.
Rubber Immediately went
down and continued lis dill. Wool
broke sharply but recovered a
good portion of Us loss. Amer
lean rotlon was hard hit Initially
hut a year later had climbed bacR :
to an even hlRher price lhan be
fore devaluation. American
wheat shot up hut fell hack later.
But the same patlern Is not
expected this time. Kconomic
conditions are dilferenl; there
are government controls today
on every major product.
Take Britain's biggest recent
dollar-maker Scotch whiskey.
Only a small amount of tlie
American retail sales price Is
accounted for by the British pro.
riucer's selling prices. If the
British allow Iheir prices to re
flect (he full force of the .10 per
cent devaluation and If all other
costs such as shipping and taxes
and American profits remain un
changedthen Scotch whiskey
might come down as much as
eight per cent, or about 45 cents
a hotile.
Other products whose prices at
retail In America have a bigger
percentage of British cost in
them would fall more.
British woolens are sold here
and American woolen goods
made from foreign wool are ex
pected' to come down. One' Im
porter estimated the drop some
where between 10 and 20 per
cent.
Searchers Abandon
Hunt For Missing Plane
NKW YORK CP) Searchers
have abandoned their hunt for
two Italian fliers missing since
Friday night on a flight from the
Azores Islands to New York.
Afler search of a wide expanse
of Atlantic ocean by planes and
surface vessels, orders to call off
I he hunt were Issued last night,
Ihe coast guard said.
The fliers. John M. Brondello
and Mamllllo Barlogllo, appar
ently were given up for lost.
tne pair lett the Azores Friday
morning In a light Beechcraft
Honanza. Ihev were more than
half-way to New York when last
heard from.
Bv HAL BOYLE.
NEW YORK (JP Everyone
day dreams of going back to his
old school as a famous success.
Few do. The rainbow called
renown eludes most of us. And
many a graduate hesitates to vis
it his college in after years for
fear the librarian will sandbag
him for the J 1.35 he still owes for
keeping a book out too long.
But Eleanor Sleher is going
back to a happy homecomlnfc this
week to the New t-.ngiand con
servatory of Music In Boston.
She went there first In the 1930s
as a promising vocal student
from Wheeling. West Va. Her
parents had been able to scrape
together only SHOO to finance her
education.
Gets Scholarship
A scholarship enabled her to re
main after the $600 was gone,
ind Eleanor worked as a wait
ress to pay her other expenses.
Today at 33 the lyric soprano
Is a prima donna at the Metro
politan opera and a concert and
radio star. She has a six-figure
annual income and six figure In
comes begin at $100,0110.
The reason Eleanor is going
back to the conservatory is ti
award two scholarships she
founded.
"I want to help some young
artists coming along," she said,
"Just as I was helped."
Miss Steber is an outstanding
example of the younger genera
tion of hometrained American
singers. She believes It is no long
er necessary for would-be opera
stars to aludy abroad.
Have Everything
"We have everything here the
younger singer needs. Including
fine teachers," she said, adding:
"Of course, we could use a few
more opera houses.
"The American singer now Is
better-rounded and more versa
tile she has good musicianship
and can act as well as sing."
And being heller-rounded no
longer means a salt-shaker waist
line. "Opera singers look a lot dif
ferent than they did 25 years
ago," laughed Miss Sleher. "We
have a stream-lined crowd at the
Met now. And that la an Ameri-
FORD
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Third Trainman
In Toll Of Lives
NEWTON, N. a, Sept. 21 CP)
A railroad fireman, Injured
when his passenger train Jumped
the rails here early Monday,
died today. He was the third
trainman to die In the derailment
that Injured about 50 passengers.
The fireman; Herman Bishop.
51, of West Asheville, was hurled
beneath the big diesel locomotive
that Jumped Its track and
plunged down an embankment.
Thirty injured passengers and
crewmen are In the Catawba hos
pital, two other railroad workers
are in critical condition.
The diesel engine and six fol
lowing cars tumbled into a ditch
the train, running about M
minutes late In a morning foe.
came into a U-turn near the New
ton station.
Newton is a textile town of
6.000 about 40 miles northwest ol
Charlotte.
Two Negro cooks on the train
were killed.
Woman Shot By Brother-ln-Law
OREGON City, Sept, 21. OP
A 57-year-old woman lay near
death in a hospital here today.
Her brother-in-law was held with
out bond, accused of shooting her.
The woman, Mrs. Amy Wheel
er, was felled In her antique shop
at Carver, east of here, last night.
The brother-in-law, Cornelius Jo
seph Owley, 63, Estacada, was ar
rested an hour later.
District Attorney Leonard Lin
das said Owley admitted shooting
tne woman. Lindas said owley
had been bearing a grudge
against Mrs. Wheeler, his wife's
sister. The district attorney said I
he had drawn up a charge against
Owley of assault with Intent to
kill.
The woman's husband, Henry
Wheeler, said she was struck
without warning by one of three
shots fired from a doorway. The
gunman also fired two shots at
him, but missed, Wheeler said.
Wheeler added that he then got
his shotgun and fired at the re
treating gunman.
The News-Review Classified
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5ILVACEL and
SILVAWOOL
IMPORTANT NIW PIO0UCTI
OP 1V4pUtaa DIVIIOPMINT
SlLVACEL and SILVAWOOL, art made from tound
Douglns Fir wood chips which art defibered, impreg
nated, fluffed, dried and especially graded and processed
to meet special needs. The result it range of scientifi
cally designed fibrou materials, soft and wool -like,
manufactured to customer specifications. Supply is
unlimited.
AMONO MAJOR USIS FOR THIil PRODUCTS ARIt
Sllvaweol for Ham and lulldlng Insu-latian-SHVAWOOl
is a remarkably efficient,
eaiily applied insulation for hornet, buildings.
Silvacal far Rafrlgoratlan Insulation
characteristics are so outstanding that Silvacol
type materials are becoming the standard for
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Silvacal for Oil Wall Drilling-When
gravelly or fractured formations are onceunt-
rod in drilling, Silvacel is used to form
dens mat to coat the well sides. Major
companies now uso Silvacel.
SIlVACIl for Diesol Filters and paperbeards. Many other uses hove
reached the stoge of thorough marketing trials.
Mr4 Maritt le.
ADD ANOTHER LINK to the chain of more and
more practical uses for wood. In the long run
each link means more jobs, steadier payrolls, reason
able profits and stabilized communities. The big job
ahead is to market SILVACEL and SILVAWOOL on
a scale big enough to make it pay and to justify the
addition of producing plants to each of our millsites.
These new products help to show how the
company's basic policy works: First, each of our
millsites is supported by a tree farm where trees are
grown to supply an endless flow of logs. Second, we
"diversify" our manufacturing make a wide variety
of products to get the greatest use and dollar value
from every type and species of tree harvested. Third,
we group these different types of plants on one
millsite in order to save on administration, material
handling, power and other costs allowing our
products to compete in price on the free competitive
market. These steps, together with constant develop
ment of more products and sound marketing, mean
greater security for all.
WEYERHAEUSER TIMBER COMPANY
WORKING IN THI MCIHC NOHTHWIST 70 CUfATI PRODUCTS, PAYROLLS AND PROflJS
1