1954-01-11 — Page 2

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THE CHINA MAIL, MONDAY, JANUARY 11, 1954.

"AMERICA IS IN A RECESSION"

A Depression May Follow - Douglas

Washington, Jan, 10.

Senator Paul H. Douglas (Démocrat of Illinois) tonight said the United States was now in an economic recession "and no one knows what will follow."

Douglas said he has been attacked by some newspapers for mak- ing this statement but that the members of the American Economic Asso- ciation, which has been meeting here, agreed with him almost unani- mously

i

"All I anid was that we are în a recession, and that this might touch off a chain reaction and set into play the cumulative forces of breakdown which lie within a system and might lead to a depression" said Senator Douglas.

He gave these reasons for fessional economiris ότι the feeling that there was a reces-general outlook.

Bion:

1.

The Preskient'a

cconomic

Decline in the production adhdiser, Mr R. Hauge, forces Three Youth

of farm implements;

this en "orthodox recession" for

2. Automobile production is year. He explained that this

the

12 per ceul below this time would mean chiefly that Leaders

to

Ᏹ .

with the same year;

5.

per cent.

Mr

country willi go off the

ecor any. "overtime" was referring to the fact that been

many industriolists have Are Purged

asking their employers to work more than the standard 40-hour weck in order to meet production demand.

table

shows

a

Poultry Thieves BIDAULT SPEAKS

Use Gas

Mapler, N. Z., Jan. 10. Robbers are using gas in large scale raids on poultry farma around Hawke's Bay to prevent the birds making a noise,

fo

the serious have thetia broome that farmors are patrolling the coops at night armed with shot- mina-China Mall Special,

ON FRENCH

VIEW AT BERLIN

Paris, Jan. 10.

The Foreign Minister, M. Georges Bidault, told the national committee of the Christian

Randall Report Democrat (MRP) Party this evening we will go

Not Due Until March

Washington, Jan. 10.

to four-power meeting in Berlin with infinite patience but with the firm desire to seize every opportunity for negotiations likely to enable the free world to take breath without relaxing,"

The Foreign Minister also said that in Berlin "the decisions of the French Government will not

The Randal Comission, set be the object of bargaining,"

that

up last year to consider a clear- cut foreign trade prog:terne for

At the meeting of the corn-j should be clarified ng 001) as the United States, will not an-mittee M. Jein Letourneau, possible.

The motion demanded nounce its recommendations "in former Minister for the Asso- the mediate future," a spokes-clated States of Judo-China, the debate on the ratification of man said in Washington today. objected to F:C9 campaigns the European Defence Com-

Sane members of the Com- charging the MRP with respon-munity Treaty mission were reported yesterday sibility for the continuntion of Parliament as soon as possible to have eritlelsed what was called the war in Indo-China. the chainman's "high-handed"

He indicated that while endeavour to rush its report office he had never been ap

In

through.

The chairman, Mr Clarence proached by 11o Chi Minh in do Randall, was reported in have attempt to negotiate. He told "The war 18 sent a confidential memorandum the committee,

neither hopeless ΠΟΤ without to members stating: "The Com-

issue if we declare our intention mission will

on please encet Saturday when I intend to read not to leave until the freedom

uf the Associated States has the whole report straight through

been ensured.” and receive inni

suggestions."

Questioned by reporters after

be opened In

and concluded

"by on unequivocal net", France- Prease.

Pilots Chosen For Royal Visit

Captain

Sydney, Jan. 10. J. H. R. Marshall,

dying experience, and First Oficer R. B. Orr, with 6,200 boura, both of the Convair com- pany, were chosen to fy the Royal airliner during its forth- coming Australian tour.

last year:

3. Steel

production for the week ending Dec. 19 was 67 per cent of capacity compared

102

for per cent for the

It was stated he expected to responding week in 1952:

submit the report-officially not Freight car loadings are

Berlin, Jan. 10,

due until March--for final action meeting. M. Letourneau enior pilot with 9,000 hours down 12 per cent compared

The Free German Youth,

said that while in office "con- Inst

The following period of

Communist East German youth Monday's meeting. the condition of the United organisation, has purged

According to the spokesman.stantly they had to make secret three

the Commission would probably

contacts with the enemy in order Business failure are up 50 States economy during the most of its top officials as rebels,

to discover his opinion. recent months for which offelal bandits and agents, com meet tomorrow. But its report

never had any reply was not yet complete, he stated, PRETEND

figures are available, as compar-munique revealed today.

The Commission - ten Con- Douglas said the only corned to last. (All dollar yures Expelled from the arga „Isa-

OVER IN 18 MONTHS and gromen

seven prople parison he made with conditions are in billions.):-

They will y the Queen and Heinz were

Lippmann,

Elsen-

Duke He added that "If the French the

of Edinburgh in chief of the organisation's West nominated by President German

division, Olto Wallat, world trade can best be expand- hower-is

recommend how Parliament unanimously, excopt Queensland, New South Wales o! chiet

for Magdeburg Youth

Communis. made and Tasmaniu. ed. Its recommendations are to District hrul Gust

Vieweg form the basis of legislation to France should not

known Its Arm intention that Captain Marshall served with kuier of the organisation's

leave Indo- the Royal Australian Air Force be submitted to Congress Magdeburg cell.

to China until the freedom of the throughout World War I in Lippmanu, a prominent leader further the President's designs Associated States

is recognised, Singapore and other parts of the and freer sys-1 believe the conflict would not Far East, largely the

who organisation

In ferrying Beytul netivity in West Germany,

last more than 18 months,”

heavy bombers from Honolulu led the Soviet Zone in October

During its meeting the MRP to the war area and also as a nad murrendered

test pilot.

U.S. BUSINESS ACTIVITY

the

Industrial production

Index

Consumer price index

Employment

Unemployment

Construction

Nov. 1953

228 115.0 61.826.00D 1.428,000 $2.998 Oct.

Oct.

Nov. 1932

231 115.4 €2,224,000

1,162,000 53.214

234

114.3 62,228,000 1.418.000 $2.858

nf

Sept.

Oct. 1952

man oeials.

$287.3

$286.3

$24100

A Communist

Consumer credit

28.2

24 1

New Housing starts

28.000

92,000

101.000

21,000

Retail sales

$14.3

$14.0

$14.0

ists".

Total airs

$17.6

847.4

$48.3

Total inventories

$79.0

$79.

570.4

574.2

Imporis

$0.81

$0.33

$0.92

$1.2

$1.2

Personal income

Exporta

Freight carloading

$1.2 618,432 651,051

710,398 (wook-Dec. 10) (wock-Dec.12) (week-Dac, z1) (Industrial production Index based on 1935-39; 100, and con- sumer credit figures are compiled by Federal Reserve Board; consumers' price index (1947-49:100) and new housing starts by Bureau of Labour Statistics, Labour Department; Irolgbt carloadings by Association of American Railroads; all others by Commerce Department. Personal income is af annual rate.)

now and with the 1929-32 perlod was the "tendency of officials in government and business to pretend that every- thing was all right."

On of the most reliable forc-

ran

for a "healthier bem of trade."—Reuler,

communique Against

the

to West Ger- E. Germans Protest national" committee adopted Q motion deploring that Pariia- ment was incapable of dellning First Officer Orr also served any coherent general policy and for four and a half years with derranding that this situation the RAAF.--Reuter.

nald he was ousted us a "bandit, Veterans Meeting

agent and Loud of the imperial-

"SURRENDERED"

Berlin, Jan. 10. The East German Communist Party paper, Neurs Deutschland, The communique also said protested today against a planned Wallat was expelled for "sur-meeting in West Berlin of the rendering" to the rebels during Stahlhelm (steel helmet) veteran! the June 17 anti-Communist soldiers organisation.

government

revolt. meaning that he prob- Former German Field Marshal kristend anti-Communist Albert Kesserling is expected to workers who riotal against the address the meeting. arranged for January 17. Kesserling was Vieweger was dismissed for sentenced to death 45 U war maintaining friendly relations criminal at the Nuremberg telals with enemies of the Republie, in 1047, the sentence later being the

communique satd.

commuted to fe imprisonment. charged that Vieweger He was released from prison in

help in the "un-1052,

its

It

f

km of triends.

DV

Polio Vaccine

casts on economic conditions in To Be

1954 came out of the annual meetings recently of o group

of

professional socleties In

Washington whore membership Tested In US

lists include most of this coun- try's leading economists economic technicians,

and

The Washington Posi poiled 340 of the professionel ecs~

New York, Jan. 10. From 500,000 to 1,000,000 school children will take part in

an infantile

nomista gathered in the Capital nation-wide test this year of

and came up with an unsually

brood survey of expert opinion

on the threshold of the New Year.

paralysis

vaccine

developed by Dr Jonas Salk of Pittsburg University.

According to the plans of the National Foundation for Infan

A big majority of the econo- tile Paralysis, sponsoring the mists predicted that national

test, the programme

income in 1954 will be down about February Crom 1953% record $363,000,000,

will begin

8 and end on

Participation wit be volun-

000. But only those polled June 1.

thought that

national Income,

which includes wages, dividends tary, requiring the consent

parents,

of

and all income received by in.

So-called "'control dividuals, would go on to a new

group** record high this year.

and third will consist of first grade children เท the Most of the economists-237 schools, who will not receive the GOTIC or 70 per cent believed that vaccine. Inoculations will be national Income WHI Tenge given to second graders during between 350 and 370 bilion

dollars.

periods. non-epiderale

Thon, if and when epidemies

Thoir 1954 forecast on the strike, the incidence and effects peak level of unemployment, of the disease among those another major economic indica-vaccinated will be compared tor, was equally reassuring. with those among the non- Again, most thought that con- Inoculated children. China ditions will not be quite so good Mail Special. as during last year when only 1,800,000 persons were unem- ployed at any one time. only 16 per cent expected number of unemployed to reach serious proportione—moro than 4,000,000.

IRREDUCIBLE POOL

But the

NO U.S. TROOPS FOR SAAR

Saarbrucken, Jan. 10. Official sources tonight denied

It is generally agreed by Gov. reports that the United States crnment and private experts Army and Saar authorities had begin negotiations for the that peak unemployment of establishment of military bases 2,000,000 or less during a year's in the Saar. time in the United States in-

dicated

.a

The report was fully since there completely without

-France-PreZZO,

employed populually

exists

An Irreducible pool of "unemployed" persons who have left jobs to move into another, who have just entered the labour market or who are seibung from seasonal jobs,

About

out 92 economists polled by the Washington Post thought that peak unemployment this year would range between 2,000, 000 and 2,400,000.

Another 78. put the peak at 2,900,000 and 74 suggested 3,400,000.

Such fares compared with an: estimmted” 19,000,000 amemployed i the United States in 1988: when there were about, 10,090,-- 000, fewer candidates for Jobe,

Cloverment experie and most businememes, and badareizialas tenna to go along with the gro«

POP

described as foundation.

ROBIN!

KT ONCE

his "subversive" Neues Deutschland said

staff had protested vehemently The Free German Youth is against this "Fascist provocation" outlawed in West Germany as a in the city where Whe 101: subversive organisation.-Uniled 'Fore'gn Ministers meet H Press.

day later.Reuter,

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