The Key West Citizen Newspaper, March 24, 1952, Page 8

aenvestasoncsncinesatter Page & THE KEY WEST CITIZEN Six Survivors Of Sunken Freighter Rescued By Coast Guard Monday, March 24, 1952 Citizen Staff Photo COAST GUARD PATROL BOAT 8303 picked up six men at 3 a. m. Saturday, 30 miles northwest of Havana, They were brought into Key West around 5:30 Saturday afternoon. y SAM DAWSON ihe pereunil bautio of ego auble has-been pretty well discounted in advance now by business’ and in- ¢ interminable-gabbing at Pan- munjom already has worked the " into uation where the depend pretty much fh take it — just an- “milestone in the seemingly \ cold war, or a real let- in defense effort. the public has been taught that the defense effort is a chief mainstay in an economy rather dubiously balanced just now be- tween’ inflation and depression. Times have changed since the truce talks started last July. Those who believe the truce would lead to a defense letdown business slump fear these bilities : A truce could make consumers even more reluctant to buy. Al- ready they are bargain hunters. Some businessmen fear customers Stay home entirely, waiting for collapse in prices, K traders might abandon the babies — industries profiting et fied might peace babies — in- diistfies hard hit when most ma- are earmarked for arma- ment; er et even fear that lense spending would send=the heavy industries on the downward path that textiles al- ready has trod, “Commodity Prices, already weak- ened,..might feel the depressing touch of a truce. War has a heartier appetite than peace. Store buyers and factory pur- eee St et a vest, it put off fature~ orders. ape poems looking for a place to whittle~ budget, might regard the ‘truce as an invitation to carve Pr on of military appropria- ions, and foreign aid. ‘The United States foreign policy and the defense Spending that goes with’ it is described as already “past the point of no return.” That means, more money. has appropriated 130 billion dollars for defense — 90 billion of that still unspent. Con- gress has been asked for 60 billion dollars: move in the fiseal year ahead. If this total of 150 billion bot is ee into the . could offset much of the effects of the letdown from a Korean truce. And even if the nation should FORT HOOD, Tex. (P—At one minute after midnight tonight, the nation’s biggest armed forces man- euyers since World War II egan. From then until April 11, huge masses of men — 115,000 to 120,- 000 — will undergo realistic .com- bat experience designed to make them better warriors. Exercise LONG HORN is ex- pected to bring into play some war lessons learned in Korea. Battle situations will be allowed to develop pretty much as if the 82nd Airborne Division from Fort Bragg, N. C. — the backbone cf the “Aggressors” — were actually a foreign force invadi The 82nd (Dixie) Division para- troopers have been making prac- tice air drops to prepare them- selves for their attack which will set the maneuvers off. Dressed in ‘strange green uni- forms, distinctive crested helmets and fancy collar tabs, the para- troopers will make a surprise at- tack from the skies. Just when and where the attack will come is ‘not known. Obviously, it will come soon after the maneuvers start. The “U. S.” defenders will have numerically - superior forces to draw on. In fact they will have two infantry divisions and one ar- mored division te back them vp. Home Entered Mrs. P. V. Marois’ home at 1042 United street was broken into Saturday night and a small amount of cash plus a revolver were taken. According to Police Chief Jo- seph Kemp, two suspects were picked up a short distance from the scene but later released. change its mind about the need for rearmameht, the letdown would not show up until after the money already appropriated can be spent ~—in words, there'd be a stretch - out in the letdown. Truce in Korea? A real letdown in defense effort could be the job that starts recession rolling. But business may find that the truce | is already well discounted. me 120,000 Men Take Part mess in Exercise Long Horn, Big or | Armed Forces Maneuvers * Today’s Stock Market NEW YORK (#—The stcck mar- ket wandered aimlessly in a scramble of losses and gains to- | day. Trading dropped to a very slow pace after a few minutes of life right at the opening bell. Most price changes were small fractions in either direction and the mixed tendencies ran through every major group in the list. As the ccaferences on steel con- tinued, the prices of steel stocks on the market were down a bit Bethlehem and Republic were off fractions. U. S. Steel, largest of the producers, slipped from an early small gain. | Advances in the market includ- | ed Chrysler, Goodrich, Douglas | Aircraft, International Teleph International Nickel Can, Union Pacifi Land Trust, Air Lines. Among the declines were Mont- | gomery Ward, General Motors, | Kennecott, American Cyanamid, Westinghouse, Santa Fe, Dodge and Johns-Manville. The curb market had a little | steadier tone than the “big board” with most price changes fraction- | al. Texas Pacific Sinclair and United | Phelps | The advances incjuded Canadian Scathern Oils, Louisiana Land, Mc- Williams Dredging and Alaska Air- lines. The bond market held to a mixed | pattern with price changes nar- | row.. U. S. governments moved | ahead slightly in over-the-counter dealings. | TRUMAN, WILSON * (Continued From Page One) an hour by Jan. 1, and other bene- fits. Coupled with this was the esti- mate by steel manufacturers that they will have to raise their prices by possibly $12 a ton to pay for the wage board’s proposals. In Washington , Sen. Maybank MAID'S NIGHT OUT sy “DOT” “CALLOWAY WENT THAT- AWAY” at the Strand Theatre. Most provocative title of the year is the Calloway Went Thataway opus which gets off to a rousing good start, sustains it until the final moments and then bogs down in a swamp of sentimentality. ~ Fred MacMurray and Dorothy McGuire fori; « good comedy team as the agents who have made a mo reg Promoting a cowboy star in the best tradition of hero’ | worship. But the star is actually i quite tarnished and finally disap- pears on’ a »inge somewhere in Mexico, While a human bloodhound is delegated to locate him and haul him back to the fold, the pair find the real McCoy, a cowboy who is not only a ringer in appearance for the movie star, but one who doesn’t have any bad habits. They per- suade him to step inte the boots of the missing actor by playing on his \ Sense of duty to the “children of ‘ America.” _ Meantime, the dissipated edition is found in a dive in Mexico. He returns to find his double and the double take is hilarious. So is most of the film although the somewhat sticky finish takes away a little of the lustre, However, the shine of laughter is there in the satiriza- tion of the situation. MIAMI PATHOLOGIST (Continued From Page One) operation of her husband, George LeMay. LeMay left Montreal on Friday for the Laurentian mountains, ac- cording to a reporter from LePetit Journal who called The Citizen that Same day. * ‘The city, county and nation ea- Serly wait the jury’s decision which Your Grocer SELLS that Good STAR * BRAND wd cusan COFFEE and CUBAN |——TRY A POUND TODAY— {(D.-S. C.) said Congress may re- fuse to extend economic centrols if the administration lifts the bars on inflation by allowing wage and price increases in the steel indus- try. Maybank, chairman of both ‘the Senate Banking Committee and the Senate - House Defense Produc- tion Committee, tcid a reporter he would invite Wilson to. Capitol Hill as soon as he returned from Key West to explain the steel situation. Wilson\told reporters he had a series of matters to lay before the President, in addition to the steel situation. “I don’t know yet how it can be settled,” Wilson said at one point. “I am neither pessimistic nor op- timistic. This is still in the ex- ploratory stage. “I came down to see the Presi- dent on a whole series of matters. Steel is only one of them. On steel | I have a series of plans, a number of alternatives to discuss. All I can say is that I hope there will be no strike — it would have a frightful result on the mobilization program and the ecomomy as a whole.” Wison’s aides in Washington em- phasized that nothing has yet been decided on steel price relief. may point toward an indictment of a person suspected of foul play in Mrs. LeMay’s disappearance. Who BUYS on SELLS sc RENTS REPAIRS IT @ Where are They Located? 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