I EMBER 8. 1959
TUESDAY, DEi
Sen
Dru
WASHINGTON (/P) Senate investigators said yester
day a major drug manufacturer produced a new arthritis
asthma medic ine for 1.6 cents a tablet and set a wholesale
prict of 17.9 cents.
This was developed as the Senate Antitrust subcommittee
opened public Hearings on wheth
er pharmaceutical houses are
charging too much for drugs at the
wholesale level and, if so, whether
Congress should do something
about it
Francis C. Brown, president of
the Schering Corp. of Bloomfield,
N.J., defended his firm’s pricing
policies.
"The besl indication. that
Schering's prices were not ex
cessive and that its products
were good is found in the ready
acceptance given them by the
medical profession," he said.
Brown did not challenge the
testimony by subcommittee spe
cialists concerning an estimated
1118 per cent markup over pro
duction costs for prednisolone, a
derivative of cortisone developed
by 'Schering and marketed under
the name Neticortelone.
But the head ar
gued that production cost was only
one of many factors that had to
be considered in setting a price,
Among other expenses he men
tioned costly research as well as
marketing the product and
spreading information- about it
among doctors.
Chairman Estes Kefauver
(D-Tenn.) remained skeptical,
however, saying it looked like
"an awfully big spread" be
tween production cost and
wholesale price.
Placed in evidence by the sub
committee staff were charts show
ing Schering had made profits as
high as 46.9 per cept as measured
against net worth and 19.4 per
cent as against sales valume. Ke
fauver called this "remarkable
profitability.”
School Subsidy Called
'Gesture ' by Andrews
HARRISBURG (JP) The pro
posed 16-million-dollar increase in
school subsidies is "just another
gesture,” House Speaker H. G.
Andrews said yesterday,
"It is designed to delay the
tirne when, the General Assembly
grapples with the problem of fi
nancing the schools in some com
monsense, determined fashion,”
Andrews said.
The subsidy increase is now be
fore the Senate, where it is ex
pected to be passed later this
week. Final passage of the in
crease, however, is uncertain be
cause of a dispute over financ
ing it.
For CLASSIFIEDS Call
UN 5-2531
Knowledgeable
People
(and a few jerks)
GET
TRIMMED
BY
HOWARD
SMIIjH
210
SOUTH
ALLEN
STREET
The Biggeit Cut Up
In Centre County
Studies
Prices
Ike Visit Raises
Karachi Prestige
KARACHI, Pakistan t/P)
President Eisenhower’s visit to
Karachi seems to be just what the
doctor ordered to keep this port
on the Arabian Sea from getting
an inferiority complex.
For Karachi is a city of mixed
fortunes and has just lost its
status as Pakistan’s capital. So
the chance to play host to a U.S.I
president is giving it a lift. ]
Karachi is a big, bustling, over-1
grown city of two million. Before'
World War II few in the West
had heard of it, much less ex
pected an American president to
visit it.
Karachi was born in 1725. For
the first 113 years of its existence
it was little more than a fort at
the west mouth of the ancient In
dus River. Then the British start
ed turning it into a major port.
V* _ ...
I PHONOGRAPHS
we hove them
W plus
1 ALL SIZE PORTABLES
W and Outstanding Buys in
I MAGNA VOX CONSOLS
SF Our new and convenient location at
S? 743 South Allen Street
S? Open till 9:00 every night
'§? ‘ AD 7-2311
||
s^'igie-isisfsigsta-wsgssigigtsis-is^s-fst^
,Christmas Crop of Blouses |
I
Whai a harvest of joy for her! Gift her with blouses
from our beautiful, bountiful crop. We've festive
styles in tune with the Christmas season . . . and
smart new blouse fashions ready to make her
merry Christmas last all year.
smart shop
THE DAILY COLLEGIAN, STATE COLLEGE, PENNSYLVANIA
State GOP
Favors Nixon
For President
HARRISBURG (VP) If there
is any strength in Pennsylvania;
for the Republican presidential)
aspirations of Nelson Rockefeller,'
it’s still pretty much under cover.
Tire largest segment of the GOP)
leadership in the state is in thel
corner of Vice President Richard
Nixon.
An Associated Press survey of
scores of GOP county chairmen,
legislators and major campaign
contributors failed to produce a
single endorsement of the New
York governor.
There may be some Rockefeller
support in the wings awaiting an
opportune moment to move front
and center. Such a moment could;
be a personal visit to Pennsyl
vania by Rockefeller.
I Thomas B. McCabe Sr., presi
dent of the Scott Paper Co., Ches
tei, has been represented by close
associates as favoring the New
York governor. He declined, how
ever, to make himself accessible
,for a direct question.
J George I. Bloom, Republican
(state chaiiman and a Nixon sup
porter, conceded that McCabe was
;in the Rockefeller camp for the
jtime being but said that the big
GOP campaign contributor could
'easily wind up behind Nixon.
*ti f .N:
\\ * «-
> $
123 S. ALLEN ST.
Winter Storms Kill 57
LONDON t/P) Winter storms JERUSALEM, Israeli Sector (JP)
raging in the Atlantic and across rp. „ , *• .
Europe yesterday have killed an The Islae ' statioj. Kol
estimated 57 persons and left a Israel has announced it will be
path of havoc from Britain to'gin special shortwave broadcasts
Greece. to Africa early next year.
The fury of stormy seas claimed The broadcasts will aim to
most of the victims. Four small strengthen Israel’s friendship with
iships were reported sunk and oth-j African nations and counter anti
ers radioed for help as waves'lsraeli broadcasts from Radio
battered them. (Cairo.
V I
Miss Barbara Vincent
There's $lO.OO and a Steak dinner for the first
person who identifies every party we photographed
this weekend. The pictures will be on display in the
window of the Campus Restaurant
Some of the houses which were photographed in
color will not be in that display at this time, so the
identification pertains to the parties in the window only.
If there is a common denominator uniting houses
on a big weekend, it's undeniably the odor of expen-
sive perfume and stale beer
opposite.
It apears that we have about 6 openings left for
Xmas portraits, and that's it!
Barbara Maley, Sue Rich, Peggy Reed, Jane Doty,
Nancy Williams, and Ellen Bleecker are some of Ihe
girls who make photography a pleasure. And it's our
pleasure in making you girls eligible for Easter in
Bermuda.
Bunny has a pair of Kneisel skis and bindings in
very good condition that need a new' owner. Almost
half price.
PAGE IHKtt
Israeli Will Broadcast
v .TK'\V. '' 1
Pi Beta-Phi
or perhaps it's ihe
bill coleman