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The Evening Standard from Uniontown, Pennsylvania • Page 8

Location:
Uniontown, Pennsylvania
Issue Date:
Page:
8
Extracted Article Text (OCR)

PAGE THE EVENING STANDARD, UMOMOTO, THURSDAY, NOVEMBER 9, ISM 1951 Looks To The Nation's Meat Man: Must Find Way To Divert Meat-hiiiigi'y Dollars rigeralors and automobiles and other Hems that use metals needed for defense become more diffi. cull to buy, people will begin lo spend more money for By GAYNOR MADDOX NBA Fourt and Markets Editor EDITOR'S NOTE: There'll be more meat in 1951--and more dollars In American pockets. Added together, what do (hey mean In terms of kitchen arithmetic for the American family? Here Is the answer, reported OF USED COME EARLY FOR BEST SELECTION SINGER SEWING CENTER 30 WEST MAIN STREET PHONE 787 from the nerve center of the grain anil meat Industry hy Gaynor Maddox, ace NEA reporter on Ihe food front. CHICAGO A Americans spend more than a fourth of their food money and about six cents out of every dollar (hey earn for meat. Early in 19511 our defense program will begin lo roll in a big way, pulling a lot more dollars in the war worker's pockets.

That could mean more loins of pork and more juicy sirloins for the family. But there's a catch. Everybody can't have more at the same time; (here are only so many loins and steaks available. So (he big bad wolf of inflation is beginning to sniff. Economists believe our earning power may go up about 10 per cent next year because of defense A FEW OF THE MANY i WAYS WE CAN SERVE YOU MORTGAGE LOANS for buying a home.

AUTOMOBILE LOANS for buying a new car INSTALLMENT LOANS for emergency expenses BUSINESS LOANS for buying, or expand a business ACCOUNTS to build a reserve fund CHECKING ACCOUNTS to pay bills easily and safely BANK-BY MAIL to save time and bank trips THE SECOND NATIONAL BANK Unkmtown Saltm WEWM8 F.O.l.C JOHN' HOUIES: Kxlra steaks and chops don't grow that fast. spending. But packers expect meat production to go up only about half as much. In kitchen English lhal means there will be more meat money than there be meat to buy. Then the butcher counter will be like an auctioneer's block --the steak goes to the highest bidder.

So, where will those extra dollars you earned in war defense work be then? John Holmes, president of Swift this country's largest packer, warned in an exclusive inter- jview that unless we find a way (9 i keep some 61 'those extra dollars oul of Ihe butcher shop, we'll soon be driving the price of meat highei and higher. "Higher taxes for everybody, lighler credit controls and a national drive to get people to pul some of the extra money they will make in defense work into ings bonds may drain off enough of those beef-hungry dollars to keep prices within reasonable limits," he'said. Holmes, a vigorous, white haired man of 59, knows as much about meat as anyone in the world. Born in Belfast; Ireland and brought to the United Stales when he was six, he started at 15 to work as a messenger in Swift's Chicago plant. At night, he studied at YMCA College, Armour Institute, Northwestern University and University of Chicago.

Looking at me with intensely earnest blue.eyes, he warned thai as radios, television sets, new re- on easy terms! He glanced out his office window over Ihe acres of Chicago's stockyards. "We know that when people are restricted in their spending, turn (he money they can't spend for other things inlo eating more and choicer steaks and chops and pork loins, 'eating higher on 'he as we say," he explained. 'If we can raise and slaughter more pigs and calllc, this 3Xtra grab at the butchers' stocks wouldn't be loo serious. But you must remember it i possible to grov those extra chops and steaks that fast." Holmes, a director of General Electric Co. as well as the American Meat Institute, believes our annual military spending may go up to 550 billion in (he next 'few years, about one-sixth of our total national income.

"1 take the overall view (hat our food production will be 'big enough to stand the strain," he said, reminding lha( we are rti much belter shape today (ban in 1941, when we entered World War H. "If ywe have reasonably good weather, we can increase production of nearly all food," he added. "I ilon'l expect runaway prices tor meat," he continued. "Thai's because of our steadily increasing meal production, due in part lo good crops of feed grain and corn and lo (he new awareness of farmers that grnss agricullure is good and thai better nutrition for cattle is important. Also'because we are now able lo produce more cattle oh fewer ncres of land." He (bought il likely, however, lhal prices will average somewhat higher in 1051, but with the usual seasonal declines and rises.

The 1951 level will lie about-five per cent higher (ban. this year. "But a drought of enormous proportions could work against production and consequently affect prices upward," he said. "So also would a manpower shortage caused by intensified war needs. Difficulty.in gelling farm machinery would have a similar effect, out in the last five years farmers have equipped themselves pretty thoroughly." Direi'l controls, unless we have an all-out war, should nol -he necessary, he believes.

"The only way to hall Ihe inflationary trend caused by our mobilization plans is to- pay for defense as we day by day, and not pass (he burden on to generations as we did in the last war," he insisted. A man of rugged moral precepts, Holmes says he believes the first consideration of every American citizen today should be the! possibility of war. "Will we have, all-obi war soon? That is quite a different picture from a prolonged sfale of tension," he continued. He believes we have a reasonable basis for hoping (here will not be all-oul war in the immediate future. "That does nbl mean we arc going to have peace, however?" he added.

"Nor do 1 think any plan for effective disarmament will be worked oul in Ihe next (wo lo five years, despite President Truman's generally well received speech on that subject. "So you get back to the fact that unless some great change takes place in Russia we will be faced wilh a cold war not for just one or two years, but for 10 or maybe 30 years," he said. "II may be the way lo prevent an all- oul third world war. ACHING GREAT FALLS, Bubnash's aching back was the reason he gave- his wife two black eyes. "You didn't have io take it out on your wife," the court iold him.

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About The Evening Standard Archive

Pages Available:
279,875
Years Available:
1913-1977