Indianapolis Times, Indianapolis, Marion County, 4 December 1947 — Page 11

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- THURSDAY, DEC. 4, 1947

Panic Buying Grips Soviets, U. S. Informed

i | Supply of Currency Believed Inflated

WASHINGTON, Dec. 4 (UP)— Reports reaching the State Department sald today that a wave of panic buying was underway in-Mos-«w™ and other Russian cities,

This is believed due to rumors

~ that the government plans to boost prices and crack down on the coun-|

try's inflated supply of curgency. Some of the information was broadcast by the State Department's “Voice of America” yesterday in 23 languages—but not Russian, Supplemental reports to the U. S. government © said bank withdrawals already had been restricted to 200 rubles a day. Such action was taken because many people were buying anything in sight in anticipation eof the rumored crack down, it was said. Dispatches Blocked The account of inflation in Russia Was studied closely here in light of frequent reports that Communist! leaders are watching continually for, 8igns’'wf an economic crash in the United States. Attempts by American correspondents in Russia to file dispatches containing any hint of panic buying! have been blocked by Soviet censors, reports reaching the government here said. These reports said Soviet citizens In recent days hdd queued up at Moscow stores to buy dry goods, Jewelry, books, furs, food, books and durable goods. Some stores were sald to have posted signs that they were closed for repairs or inventory after their| shelves were stripped. The reports included such details 88 specific names of stores, For example, they said the Mostorg Men's Department Store on-Nov. 30 posted | & sign reading “closed for repairs.” Peasants Buying Many Russians, particularly peas- | ants, were said to be buying any-| thing they could find regardless of| its worth or intrinsic value. Scores of peasant women and poorly dressed workers, it was said, have been observed in Moscow| streets loaded down with large bun-| dles of crockery, Chinese vases, fur| coats and other goods. Two Possible Actions . Observers here believe the Soviet government may revise the country’s| whole price and financial structure in the next two weeks. They are| convinced the changes will be announced as moves to remove the “last remnants of capitalism” and! speculators from the Soviet scene. This is the way observers believe| the changes will be handled: ONE: Permission will be given to exchange old ruble notes for new| ones up to a total of two months of an individual's salary. The remainder apparently would be turned over to the government. Savings accounts may be partially blocked for some time. TWO: Many items will be removed from the ration list and pigher prices will be set for them. These items would be in non-es-sential or less-essential categories.

Maj. Abrams to Speak.

To Indiana Pioneers

Maj. Marshall D. Abrams, formerly of Gen. MacArthur's staff, will speak at the annual dinner of the Society of Indiana Pioneers at 6:30 p. m,, Dec. 13, in the Claypool Hotel. He will talk on “George Rogers Clark, Pioneer in Military Government.” The annual business meeting will be at noon, Dec. 13 in the Claypool Hotel. Miss Caroline Dunn, 140 N, Senate Ave. is in charge of reservations.

The Wise Buyer |

Always Shops

RANE

i : id M20, va Ik lu (2a I

146 E. Washington St. 1502 Main St. (Speedway)

account

824 Main 31. (Bowoh Grove) |

Se,

NATIONAL 24-HOUR YORECAST SUMMARY: Stormy and unseasonably cold weather will grip most sections east of the Rockies tonight and early tomorrow. Weather forecasters point out moist air from the Gulf of Mexico will feed most of this large storm area. A vigorous flow of cold Canadian air is expected to drop most sections 5 to 10 degrees below seasonal normals from Maine to North Carolina, in the Ohio Valley, Missouri and Arkansas. Many sections of Texas, Okla~ homa and Kansas will be almost 20 degrees colder than seasonal normals as the mercury drops into the 20s in these southern states, Note the freezing line runs from Massachusetts through the Ohio Valley to Missouri, bends sharply southward to Texas and continues

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™\ SNOW SHOWERS i AND FLURRIES

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& SCATTERED SHOWERS

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€ FORECAST PERIOD ENDING 730AM EST12-5 47

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along the west slopes of the Rockies to the Canadian border,

Minimum temperatures will be 32 -

degrees along this line with still colder weather to the north. Rainy weather is the experts’

outlook from Texas to- Alabama |

through the Ohio Valley to southern New York, also parts of California, Arizona and Utah, Spow will blanket the colder sections from Wisconsin and Iowa | to northern New York, also the Dakotas, Nebraska and most of the Rockies, (Consult the stormy affected areas on the Fotocast for a detailed picture of where

coming 24 hours.) Skies will be partly cloudy to overcast. As shown by the inset

{| range from minima from 10 to 20

uied for

the. Central Plains,

Minnesota,

Wisconsin and the Northwest. Minimum temperatures will be

in the 20s from New England to

Wisconsin and Iowa, the Central Plains and most of the Rockies. By morning the mercury will be in the 30s from New York to Vire ginia and the Ohio Valley. It will

be coldest in Montana where zero to

pected in the Dakotas, Minimum

Minnesota minima will

temperature

and

10 while are ex-

fore-

SRNR 00 .

A THT INDIANAPOLIS TIMES -_ THE WEATHER FEO TOLAST «+ ACME TELEPHOTO PREVIEW of U.S. WEATHER BUREAU, DEPT. of COMMERC

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New England, Florida, |

casts include Detroit and Cleve- | rain and ‘snow will’ occur in the land, 25; Boston, 28; Chicago and

Kansas City, 30; Memphis, 32; St. |

Louis, 35; New York and Phila-

delphia, 36; Washington, 38, and |

map, partial cloudiness is sched- | Atlanta, 48.

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