Redlands Daily Facts from Redlands, California on January 29, 1964 · Page 8
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Redlands Daily Facts from Redlands, California · Page 8

Redlands, California
Issue Date:
Wednesday, January 29, 1964
Page 8
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Page 8 article text (OCR)

Kedlands Doi/y Facts 8 - Wed., Jan. 29,1964 Red China's steel industry a major flop STANFORD—Ra rely, if ever, have production workers been exploited more than they are today in Communist China's steel industry, a new study made at the Hoover Institution of Stan ford University suggests. Less than 10 per cent of the pross value added annually by this industry is paid to the workers in wages. The rest of the ••profits" arc retained by the state, mainly for reinvestment in new plant and equipment. As modernization has continued, the workers' share in the fruits of their labor has diminished, even from this incredibly low level. These findings are reported by Yuan-li Wu. professor of international business at the University of San Francisco and research associate at the Hoover Institution. They are based on a detailed analysis of the Chinese steel industry scheduled for publication this spring by Praegcr. In contrast to the Chinese. Prof. Wu notes, workers in the American steel industry receive about two-thirds of the gross value added to its product as wages. Even in Russia, labor's share exceeds 50 per cent. The growing gap between wage rates and productivity gains in the Chinese Communist steel industry results from a deliberate effort by the government to curb consumption (and inflation) by repressing the workers' income, he explains. Even with this massive exploitation of human labor, however, China's tremendous effort to overtake Great Britain in steel production has proven a first class fiasco. The highly publicized "backyard" steel furnaces of the "Great Leap Forward" were "one of the most notorious cases of faulty cost-accounting and mismanagement of labor" in modern times. Prof. Wu reports. The cost of raw materials consumed by these furnaces and other production expenses exceeded the value of the finished steel. By absorbing manpower badly needed in farming, both the •'back yard" furnaces and the modern sector of China's steel industry contributed to the disastrous crop failures and major economic reversals of the Communists during I960 G2, Prof. Wu adds. These Chinese Communists made steel the symbolic rallying point of their drive to become a major modern industrial power. Yet by 1957 their productive capacity probably was no greater than 1946—before the Soviets stripped the Manchurian steel centers of their equipment, Prof. Wu estimates. Steel growth claimed by the Communists since 1958 must be heavily discounted because of the serious reversals suffered by the whole Chinese economy after the "Great Leap Forward" and because of changes in steel inventories. Between 1952 and 1960, the Chinese claim annual increases of more than 25 per cent in production of iron, ingot steel, and finished steel prod nets. But the statistics are "in accurate and unreliable," Prof. Wu contends. With steel as with their energy resources, the Chinese became so absorbed with gains in sheer size that they ignored quality and efficiency he maintains. As a result, large inventories of steel are practically useless because of their low quality. Industrial growth in other sectors has been sacrificed to steel, retarding China's general eco nomic development. Prof. Wu's study is the second in a series on the Chinese Communist economy planned by the Hoover Institution in cooperation with the Stanford Research Institute and the Social Science Research Council. BABY LACK NEW YORK (UPI) — A majority of babies at si:: months of age may be facing the most common nutritional problem of infants today — iron depletion, according to recent study by Dr. L. J. Filer and G. A. Martinez. At this age, 67 per cent of infants, it was found, arc receiving less iron in their diet than the intake recommended by the American Academy of Pediatrics' committee on nutrition. Think of "LARRY" For PAINT You Can Save in Many Ways, Shop at Larry's LARRY'S Paint House Winn Bldg. Colton & Orange 792-1044 S&Oe loak of Money... &Ve \W Family tfae FWEST /j SALE cMarJtei o3asketx PRICES EFFECTIVE THURSDAY THROUGH SUNDAY, JAN. 30-FEB. 2 CORNISH GAME HENS U.S.D.A. GRADE A H FROZEN PI ^P ^Btf MINIMUM '^^k ^L^V WEIGHT e ^^B 22-OZ. EACH MW HOME FREEZER SPECIAL! CASE OF 12 CORNISH GAME HENS, $6.98 SERVE WINE WITH THESE—WE SUGGEST SAUTURNE, CHABL1S OR RHINE WINE. Here's your chance to "load up" with tender tasty beef, at the saving-est prices. It's the finest U.S.D.A. Choice Beef — processed by Market Basket experts to bring you TOP VALUE. Remember, there's more to "eat" in the meat at Market Basket. U.S.D.A. GRADED CHOICE BEEF FRESH CALIFORNIA GROWN. U.S.D.A. GRADE A ROASTING CHICKENS PATMAN'S LEAN BONELESS CORNED BEEF ROUNDS LB ARMOUR STAR FULLY COOKED. HEAT AND EAT. BARBECUE STYLE PORK BACK RIBS FROZEN NORTHERN HALIBUT STEAKS 2V5-LB. CAN LB. ICELANDIC BRAND FROZEN FISH STICKS TUREK-MECK FROZEN BREADED TURKEY MEAT 12 . 0Z . DRUMSTICKS SWIFT'S PREMIUM, LUER IOWA FARMS OR HORMEL OLD SMOKEHOUSE SLICED BACON l-LB. CAN 49 < 69" 59* 59' 59« 59* 69* si I" l-LB. PKG, T-BONE STEAK - $ 1° 9 WELL TRIMMED STEAK SH5 PORTERHOUSE - 1 SHORT CUT ^W^%C RIB STEAKS ° 79 BONELESS A4 %f SIRLOIN TIP STEAK " 89 $129 $109 GROUND STEAK 69' BONELESS TOP SIRLOIN STEAK BONELESS BREAKFAST STEAK BONELESS, LEAN SPENCER STEAK 7-BONE SHOULDER STEAK ROUND BONE SHOULDER SWISS STYLE STEAK BONELESS FAMILY STEAK LB. 47 LB. LB i " l-LB. PKG. FOLGER'S Coffee 3-LB. CAN, $1.99 INSTANT COFFEE, 10-OZ. JAR, $1.19 PRICE INCLUDES 20c OFF LABEL FRISKIES MEAL ,„,„ C« 10 Pet Food LITTLE CAT FOOD, 2-LB. PKG.. 45c SPRECKELS BROWN OR POWDERED SUGAR 2 '-"- 9Q 1 VAN CAMP Market tJiaaket i COUNTY FAIR APPLE TIME —46-OZ. CAN APPLE - Qe JUICE I" LAURA SCUDDER'S PORK & BEANS $100 31-OZ. CANS 24-OZ. JAR PIES 25 1 APPLE, PEACH, * APRICOT OR BOYSENBERRY 35' FRUIT COCKTAIL 5 MINUTE MAID pelight7"«* 1 00 | MEXICAN, ENCHILADA A All OR COMBINATION —EACH 4 II If ROSARITA DINNERS 09 ROSARITA BEEF TACOS, 6 IN PKG., 39c CHEF BOY-AR-DEE CHEESE PIZZA SAUSAGE PIZZA, 13'/ 4 -OZ. SIZE, 59c PRICE INCLUDES 5c OFF TIDE 49 'A-OZ. (GT.) PKG. 59' LAURA SCUDDER'S CREAMY OR CHUNK Peanut gutter LAWRY'S CHICKEN OF THE SEA LIGHT MEAT 6K-OZ .$100 CANS TUNA A CHUNK STYLE • WESTWOOD ICECREAM '/i-GAL CTN. T 49* Market JSasJtet . GRAPEFRUIT 5-39* 45' LAWKT'5 OQ£ Spaghetti Sauce Z 39 SUPERIO H Spaghetti 5£ 35e 2 35* CHB ° M%6 Safflower Oil ri&Kr SfOO CHIFFON _ g> Facial Tissue 5 PKGS. OF 400 Nabisco Cookies ««• 45 I* YOUR CHOICE OF OREOS, l-LB. PKG. CHOCOLATE CHIP. M'/z-OZ. PKG. OR OATMEAL RAISIN, 14-OZ. PKG. APPLE OR GRAPE Kraft Jelly 10-OZ. JAR ROSARITA Refried Beans 29-OZ. CAN ROLL PACKAGE RUBY RED OR WHITE COACHELLA ZEE ASSORTED COLORS _ Toilet Tissue 4 PRICE INCLUDES 4e OFF ClOrOX GAL. SOT. MAKES CLOTHES FLUFFY SOFT 1£ 33-OZ. BOT. MAKE5 CLOTHcS PLUrrY Downy *>& 39 25' 25' 29' 59' 69' U.S.D.A. GRADED CHOICE BEEF REGULAR CUT 4fc RUMPJIOASL 8 -OT BONELESS BRISKET g£T m , u Z 69« BONELESS CHUCK ROAST LB 69* FLAT PORTION, LB. 89c BONELESS LEAN STEWING BEEF BEEF SHORT RIBS LB. 29' BEEF CROSS RIBS LB. 3? FRESH GROUND BEEF FRESH GROUND SHOULDER FRESH GROUND ROUND, LB. 69c FRESH GROUND BEEF, PORK Cr VEAL MEAT LOAF MIX «• 39* 59 49 Mart*! HYGRADE SLICED —MIX OR MATCH SMOKED BEEF 3 K.OZ.PKG. SMOKED HAM O OOc 3-OZ. PKG. MARKET BASKET ALL MEAT OR ALL BEEF—6-OZ. PKG. SLICED BOLOGNA MONTEREY JACK CHEESE MARKET BASKET AMERICAN, PIMIENTO OR SWISS SLICED CHEESE MARKET BASKET GELATIN SALADS cm ^ PKGS. 29' 59* 29* 29' 8-OZ. PKG. Market iSaskef l ROBERT PECK EGG SHAMPOO OR CREME HAIR RINSE YOUR CHOICE—16-OZ. BOT, REG. 59c 39 c YOUR CHOICE OF... COMET ALUMINUM BAKEWARE 9"xl Vi" ROUND CAKE PAN WITH CUTTER BAR 11 '.i"x7!5"xl !i" ROAST PAN #a |-|6-CUP MUFFIN PAN EACH J J (j 9-"3"x5!i"x23i" LOAF PAN 8'x3"x2" SQUARE CAKE PAN PLASTIC, STURDY, FULL SIZE 17" SET OF 8 33' 59' COAT HANGER SET FORM-FIT NECKLINE, NOTCHED FOR SUITS, SKIRTS. LINGERIE. WITH NON-TARNISHING REVOLVING STEEL HOOK. U"xl5" HEAVY DUTY, NEW DESIGNS DISH CLOTHS cJSS 2 ™ 25' Market oSaskett Atfd Sales Tax 7a Taxable Items REDLANDS: 1150 BROOKSIDE AT SAN MATEO ST. RIVERSIDE: 3981 Chicago Ave. IN THE LERNER-SPIEGEL SHOPPING CENTER SAN BERNARDINO: 140 W. 40th St. at Sierra Way

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