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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (Dec. 15, 1950)
8 TJi Newi-Review, Roseburg, Ore. Friday, Dee. IS, If SO Ways Discussed To Check Run-Away Cost Of Living By SAM DAWSON .controls merely tend inflation tin- NEW YORK l.fl An assault I ilrniround and do not control it. is underway today on the cost and explode into hlaek markets o( livine which threatens to net out meaning worse shortages and nl hand The wea.ions being discussed at two top-level conferences in Wash ington: federal controls over wages and prices. Bui Mme businessmen question whether attempts to freeze wages and prices will get at the real core of the inflation problem the rapidity with which purchasing power is outstripping production of SMany contend that wage-price A 1 - ' ' y ' ' ' i I Am ' i r. y3jQcniV t$B V i i i i do I I I J CUlTOM-SUrr-TAAOIID M SPORT SHIRTS JOE RPCHARDS 120 North Main Starring Saturday Open 'Til 9 Until Christmas iijgher prices. Auto Miliars Summoned One of the two Washington con ferences is on the general subject of controls, the other on the spe cific question of the price of auto mobiles. Auto makers are summoned to discuss with officials of the eco nomic stabilization agency the re fusal of General Motors and ford to take back the recently an nounced price hikes. Clearly in the air la the threat that if the auto companies won t "hold the price line." the government will roll back pricjs for them. Criticism of the price hikes is tied to the rec ord earnings the companies have been reporting. This making "a guinea pig for price cutbacks" out of the auto industry is sharply criticized b y young Henry Ford, who wants in stead a general program applied equally to all industries, if any controls are necessary at all. Discuss Emergency At the general lewl, the Presi dent is discussing with congres sional leaders the proclaiming of a national emergency, as a prelim inary to wage and price controls, among other things. This is a course widely urged of late by people with iued incomes and those with semi-lixed incomes Chrysler Corp. Keeps Customers Price Guessing o . JjETROIT UP Chrysler corp., again in step wage-wise with Gen eral Motors and Ford, kept its prospective customers guessing to day whether it would fall in line price - wise. If it does, it will put higher tags on its forthcoming 1951 model cars. Tuesday Chrysler passed out $20,0OQkjo . a year benefits to its 125,qoo CIO and non union employes. Auto industry sideliners speculated a price rise would fol low. Both GM and Ford boosted prices just a week ao. GM said its increases averaged "something less than five percent." Ford's was 5.7 percent. Both firms re jected a request by the govern, ment's economic stabilization agency to rescinoUthe increases. Chrysler's new models in lu four lines wV be introduced next month. E.en before Tuesday's ac tion, there had been widespread speculation that Chrysler would follow the GM and Ford lead. Most of the induQry'' so-called "inde pendents" already had boosted prices on their 1951 models. Chrysler rearranged its wage structure in a new five - year con tract with the CIO United Auto Workers. Adopting the cost-of-living wage control for the first time, Chrysler boosted its pay rates one cent an hour immediately and guaranteed an additional four cents each June 1 for the next four years. H also raised maximum pension benefits from J100-a-month now to aucn as musi wiihc-iuiihi ""'"-piizs, including federal social se ers, iney are pincneu naiuesi curity, by 1952; liberalized other the cost of living climbs. pension and hospital - insurance Some sort of wage-price controtoJ benefia and granted a modified whether general or selective seeing likely. Anticipation of thcmOias been one of the chief factors back of the recent whirl of rising prices and wage scales. But how oeneral controls will De is another question. O ; Of course , , , ihi'i just f J . . Uf t N donned a freshly elead and -X X ' pri$toDurfit from UMQUA L ''r Reamers. Q fo&tf , o O She hat all her cleaning probP '!' J j lenuQolved by simply phon. '?--"lf Ing 472. Why don't you do If , t ifl tht same? M Y I o W umpqua Cleaners Exclusive in Roieburg tfO tQ. pjckllD ond Delivery I I kinivrsi ruinrt in m u.:. di.a-. at tJ II I I it i-i I innuh mi ii mum , u . . . m. m P l " I I union A three year contract signed last May after a bitter iOO - day strike was extended to Aug. 31, 1955 without wage reopenings. Except for the guaranteed raises, wages will rise or fall only as the cost of living goeQup or down. A penny will be added or taken away each three months for each rise or fall of 1.14 points in the cunsumers' price index of the U. S. Bureau of Labor statistics. This is the me system (Hi st adopted by General Motors in May, 1948, and renewed last May for five years. Ford switched over to an escalator pay arrament last Labor day in a five - year agreement. - Economic sections of Ihe three contracts new iu vir tually laaKicai. p. Chrysler voluntarily upprtr wages a flat ten cents an hour in August. Rut GM gave out four cents in May and has added eight cents in two adjustments since then. Ford granted eight cents in September and three cents since then. Chrysler anOlhe UAW agreed It would take a penny now to bring the Chrysler workers abreast of those at the other twe firms. The average wage at ine nn inree q $1.7!) an hour. Conferences, all unannounced, started Dec. 1. -Union ratification meelings will iV held Sunday but little or no opposition is expected. So m e commoSlies ' have gone wayit of line with the rest, and may be fair game for any rollback. Farmers, on the other hand, feel most W their products are pretty well protected by the law which says that ceilings must not be below pafity or below prices prevailing between May 24 and June 24. Only cotton, cottonseed oil, wooiiwe and some meats are above mat legal limit. 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