Senate Committee
Will Investigate
High Coffee Cost
WASHINGTON, UPi—A second
investigation of the high cost of
coffee was ordered Thursday, this
one by the Senate Banking Com
mittee.
Chairman Capehart (R-Ind) said
he would appoint a five-man sub
committee to carry out an investi
gation proposed by Sen. Beall
(R-Md).
The Federal Trade Commission,
with President Eisenhower’s bless
ing, announced Wednesday that it
would probe into the price situa
tion, with particular reference to
whether speculative or monopo
listic practices might be involved.
Coffee industry spokesmen said
they welcomed an inquiry.
The price has now gone past $1
a pound at retail, and to 15 cents
a cup in some restaurants.
In a statement Thursday, Beall
said:
“American coffee traders could
be expected to maintain sufficient
stocks to protect themselves
against any small fluctuation in
supply.
The increased daily trading, the
immediate effect on retail prices,
indicates that there have been
son e extraordinary profits made.”
Beall also said:
• f'ros and ins act damage' in '
Br. which supplies 50 percent j
of . o U. r er. damaged!
ab 'a. ■ -i::h of that country’s j
cr< a 'a as:..;.; were, therefore,
thi . lirazil would hav< ‘or exp >rt
about 1/14 less coffee than origin- |
ally anticipated.
“It is hard to believe that crop j
damage, even though extensive, in ;
only one country, reducing antici- |
pated exports by only one four- j
teenth, could so radically effect
the coffee mai’ket . .
CHINESE NIGHT |
at the
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Saturday Night 6:30 to 9,
CHINESE DINNER
$2.50 buffet style g2.50
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niwriMr &t m.nn
Unemployment Rises In
January By Half Million
To Total of 2,360,000
WASHINGTON, UP> — The Cen
sus Bureau said today unemploy
ment rose by half a million be
tween December and January to
an estimated total of 2,360,000
jobless this month.
Employment dropped by about
a million in the same period and,
in the week ended Jan. 9, was re
corded at 59,800,000, the Bureau
said.
As it was last month, joblessness
in January is running about
450,000 above the level of a year
ago.
The Bureau said the total de
cline in employment was not
greater than the December-Jan
uary drop in most other recent
years.
Unemployment, which nearly
always rises sharply after the
Christmas holiday season, climbed
from 1,850,000 in December to
the estimated 2,360,000 in Jan
uary.
WEATHER FORECAST
Compiled by the
U.S. Dept, of Commerce Weather Bureau
Cloudy to part cloudy with NE
winds 10-15 mph tonight and Sat
urday. Low temperature expected
tonight -10, high tomorrow 4.
Nome data last 24 hours as of
7 a.m. today: High temperature
15, low -5. Max. wind 23 mph
from the NNE. Sunrise 8:54 a.m.,
sunset 3:37 p.m.
NOTICE
Wien trip io Diomede Island
posipoAted until Saturday, Jan. 30.
Freight will be accepted at Wien's
office until Friday night.
Is Softened and Tempered
by ihe
Northwest Water
Softening System
"The Eest In The West"
By ihe Bucket or by the Tank
— Main 19 —
THE NOME LIQUOR STORE
WE CARRY A LARGE ASSORTMENT OF
FINE LIQUORS, BEER AND WINE
OUT-OF-TOWN ORDERS CAREFULLY HANDLED
GLACIER DISTRIBUTORS
WHOLESALERS for Fancy packaged CANDIES ★ Strip Cards
of NUTS ★ Smoked KING SALMON ★ CHEESE RITZ
PEPPERONI ★ PRETZELS. Featuring Alaska Maid
POTATO CHIPS ★ and Vernell's BUTTER MINTS
— We Solicit Out-of-Town Orders From Village Stores —
Box 227 Nome, Alaska Phone Black 157
A R CTIC OIL DELIVERY
STOVE OIL FURNACE OIL
Ben Young
• '
We Check Your Tank Regularly
Office Phone: BLACK 76 Residence: MAIN 52
V ■■ —.
ANS EDUCATORS HOLD
MEETING IN JUNEAU
A meeting of ANS educators
was held last week in Juneau
with several from this area at
tending. Jack Bartlett of Kotze
bue; George Keefe, Mountain Vil
lage; John Osborne, foreman of
construction at Nome; Edgar Rus
sell, Unalakleet; and Morey Wil
liams from Barrow.
COVENANT MISSIONARIES
CONCLUDE NOME MEETING
The Covenant Missionaries from
surrounding villages, and as far
south as Yakutat have finished
a 10-day business session with
Paul B.F. Carlson, chairman, pre
siding. Business concerning mis
sion stations from Candle to Nuni
vak Island were discussed and
plans formulated for the coming
year.
New officers for the organiza
tion were elected: Rev. Maynard
Londberg, chairman; A.V. Brodin,
vice chairman; Rev. Walter An
derson, secretary and Mi's. Spen
cer Strand, treasurer.
The missionaries enjoyed their
visit in Nome and wish to express
appreciation to their many friends
for their generous hospitality.
MENDENHALL NAMED TO
INTERNAT'L HALIBUT COMM.
WASHINGTON, UP) — President
Eisenhower Wednesday appointed
J. W. Mendenhall of Ketchikan,
Alaska, a member of the Interna
tional Pacific Halibut Commission.
This is a new position. Menden
hall now is manager of the Ketch
ikan Cold Storage Co.
The commission formerly was
known as the International Fish
eries Commission. It was enlarged
in membership and its name was
changed last year.
Five Treasury Securities
To Be Refinanced In
One Big $21 Billion Step
WASHINGTON, UP)—Secretary
of the Treasury Humphrey is of
fering to refinance in one giant
21-billion-dollar operation five
Treasury securities maturing in
the next few months.
It was the biggest single rebor
rowing package the Treasury ever
put on the market. Its scope and
dollar size were a surprise.
Humphrey offered late Wednes
day to refinance three bonds, a
one-year Treasury certificate and
a 414-year Treasury note into a
new seven-year, nine-month bond
or a new one-year certificate.
The package deal was obviously
aimed at achieving a number of
objectives, among them:
1. Converting some short-term
debts and some long-term bonds
that have only a little while to
run into longer-term debt.
2. Reducing the number of gov
ernment securities on the market,
and, in that way, cutting down
the number of times the Treasury
must refinance maturing securi
ties.
3. Taking advantage- of present
low interest rates to do. a lot of
refinancing. The implication was
that the Treasury may think in
terest rates will be rising later
this year.
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Machinery Branches:
Anchorage, Fairbanks, Juneau,
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NOME: Phone MAIN 22
Seattle Office:
Colman Bldg., Mutual 2200
1
f
Modern Laundry & Dry Cleaners
FIRST AVE. & LANES WAY PHONE MAIN 113
EIGHT-HOUR SERVICE
BABY BEEF SPECIALS
SURE TO BE TENDER!
ROUND STEAK 98c lb.
T-BONE STEAK 89c lb.
RIB STEAK 79c lb.
CANNED FOODS
Chili Spaghetti 44c
Spaghetti arc Meat Balls 37c
Corned Beef Hash 46c
Beef Stew S8C
THIS WEEK’S SPECIAL!!
COLORED
35c LB. 3 FOR $1
U. S. MERCANTILE
N O M F ’ - HOME-OWNED S ^ - H E