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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (June 30, 1949)
4 10 The News-Review, Roseburg, Ore. Thur., Juno 30, 1949 more normal level ol economic activity." Officially, at least, he haa not yet recognized the slump. He still asks Congress for powers to meet the threat of another Infla tionary rise. Most everyone else says Presi dent Truman Is wrong. But was not It just a year ago that every one was saying the same thing about another one of his stubborn notions that one about his being re-elected? WHITHER BUSINESS? Economists, Executives Differ As To Time Slump Will Strike The Bottom By SAM DAWSON NEW YORK, June 29. (JP) How do businessmen themselves assess the present slump? How do their guesses on its probable length and depth stack up with those of economists and others pub licly charged with telling us where we're heading? Guesses range all the way from saying we'll hit bottom before the end of this year to forecasts that we won't until the ftnd of 1950, but average off somewhere about the time of the first robin next February or March. But let's not forget those who still hold that Inflation can become a threat again soon. Here are the current opinions of a number of leaders In Indus trial and public life. You'll note that what they do has much to do with what they foresee. One of the most pessimistic Is the head of a construction mate rials company. He says we have about 18 months more of reces sion In store. He reflects, per haps, the belief that the building Industry will be one of the last to be hit by the piecemeal slump, and the last to recover. On the other hand, the presi dent of the National Machine Tool Eullders Association thinks the worst is over, saying that the first half year orders in his in dustry already are averaging higher than In the last quarter of 1948. Predictions In the steel Indus try have mostly set early 1950 for the turning point from their de cline, now gathering speed. In the auto industry, unhurt as yet, we have the prediction of the president of General Motors that the "next 60 to 90 days will be very Interesting In the history of our country." 'Others say the auto industry will be the last to feel recession, and that It will hurt them least and for the short est time. Further Pries Drops Needed Opinions of retailers, purchas ing agents, and middlemen gen erally reflect their belief that prices haven't come down far enough yet. The slump Is only half over and more "realistic price adjust ments" are due, says the chair man of the Business Survey Com mittee of the National Associa tion of Purchasing Agents. That would give the slump about nine more months to run. But the general credit manager of the Commercial Credit Co. of Baltimore says prices won't reach t jttom within the next year. And An economist for Macy's, New York department store, says it "may be six to 12 months before we attain a right degree of price balance along a broad economic front." The dean of the University of Chicago's School of Business says Industrial production will hit Us low by the end of this year and prices early In 1950. The slump, he cautions, is international in scope. A Harvard Business School pro fessor of marketing estimates we are from one-third to one-half way down the business slope. The International Statistical Bureau savs the low point will come late this year or early in 1950, and thinks it will take each Industry an average of nine months to re cover half the ground It lost. Guesses as to unemployment range to 5i million by September. It's over 3 million now. Wages May Not Rise How about wages and salaries? The chairman of Consolidated Groceries says they'll probably stay where they are, and that other ways to cut costs must be found. The president of General Electric agrees that every effort should be made to keen them where they are, but he also says they mustn't go any higher right now. And finally, we have the assess ment of the whole thing by Presi dent Truman. He said last week: "Our economy is very strong and American business is in a healthy condition. We have come dowii from the perilous peaks of In-i Ilation and are approaching a I Horseburger Trial Of Meat Dealers Opens PORTLAND, June 30 CP) Two brothers, charged with turn ing horsemeat into hamburger, went on trial in a packed munici pal courtroom yesterday, Ernest and Ivan Crystal, own ers of the Salem Meat Company of Portland, entered pleas of inno cent to the charges of illegal possession of horse meat and sale of horse meat not so labeled. A surprise witness was Fred Adams of the Adams Packing Company, Hillshoro. He said he deals only in the sale of horse meat as food for animals. The Salem Meat Company made weekly purchases from him, he said, adding that the Crystal brothers told him the meat was resold as pet food. Municipal Judge John B. Sea brook interrupted testimony to ask why he made deliveries at 6 a.m. Adams said the Crystal Brothers set the hour. Adams appeared instead of a third defendant, Stanley Rickard, who was arrested as a material witness in the June 22 raid on the packing plant here. Rickard i J mm mm mm mm J We'll repair your car just like new if you have, a misfortunate accident. Call ui today. i HANSEN B I MOTOR CO. A Stephens Phone 446 Widci We J? I f$ THi WASMASU CASUAL BARRED BRAID SANDAL Prfttjr p.-ipmnlnt Mirk and prarlicalljr nothing on the fool couliln't be cooler. Your rlioic of 1 light, bright poIhm, or color combination. .11 fa'ln-nrouf in map and walrr. I $ 229 N. Jackson in Roseburg At Sutherlin Apparel in Sutherlin Listen to the King Cole Trio, KKNR, 8:30 p. m. Wednesdays Toastmasters Hear Talks On Work Of Red Cross, Wartime Starvation The Roseburg Toastmasters Club will dispense with its meet ing scheduled for Tuesday night, July 5, because of the concurrent Fourth of July holidays and be cause the Hotel Umpqua banquet room will not be available that night. The meeting July 12 will be held In the hotel dining room. Pat Turner, In charge of table topics Tuesday, introduced as the topic for one minute discussions, "What would I do If I had only six months to live?" A variety of opinions were expressed by the members. Toastmastcr for the evening is Adams' foreman and made the deliveries. Thomas Bain, chief city health and sanitation inspector, testi fied to finding 1,500 pounds of horse meat in the plant when he, other city officials and detectives made the arrests. was Roy Barnhart, who Introduc ed as speakers Bob Harvie, Rus sell Stephens, Henry Fowler and Leroy Inman. Harvie, giving an extemporan eous speech, spoke on "Biography of a Toast master." As the only member of the local club to have completed his full assignment of 12 talks, he reviewed his training during that time and discussed the nature of the 12 assignments, intended to give the loaslmaster well-rounded training. Stephens, who is leaving Rose burg July 1 to take another assignment with the Red Cross, discussed the aims and purposes of that organization, and what it can mean to a community such as Roseburg. The national or ganization sets up the general program, but its consummation is up to the community alone. It mav be as extensive as the people wish to make It, he said. For example, the local headquarters consist of an executive secretary and a stenographer. The former ly employed home service .secre tary had to be eliminated because of a lack of funds. He discussed various local needs for Red Cross service, such as that at the Vet erans Hospital, first aid and water safety programs. Most of this work, naturally, falls upon the volunteers. In fact, he said the volunteers are the mainstay of the Red Cross. Only through a well organized and active chap ter can its fullest benefits be de rived. "How many of you have seen really hungry people?" asked Fowler. He then related a war time experience when he led a small group of soldiers into still burning Manila after its fall. He was charged with feeding 1300 Released American prisoners, most of them survivors of the Bataan death march. Two-thirds of them were too weak to stand up. On one occasion he saw American soldiers In the group fighting over discarded hardtack. They were turned into "things" because of their hunger. He told of the difficulty of feeding the large number with only three field kitchens each suitable for handling 50 men, and field ra tions. Only 13 of the men were able to open boxes and cans, and these men consumed chocolate bars almost as fast as they were opened. Inman showed motion pictures he took while in the Hawaiian Islands, and gave a running com mentary on the scenes. Production of canned meat more than tripled In the 10 years between 1937 and 1947. The News-Review classified ads bring best results. Phone 100. Goes with any meal . . . Freshly baked every day in Roseburg 1 lis A Burst of PenneyV Big Store Hours , 9:30 to 5:30 Spectacular Holiday Values . . . Each Specially Chosen For This Event ! ! Two-Tone Rayon Faille Slack Suits PENNEY-PRICED TO SAVE YOU PLENTY 5.90 A "must" for this summer! Trim ribbed rayon faille in two tones of blue, brown, or navy with red. Jacket has two saddle pockets, convertible collar, short sleeves. "Man tailored" slocks have smooth-fitting zipper closing. Sizes 12 to 20. It's Penney-priced! Other Slacks from 3.98 tp 13.75 FOR VACATION! MISSES' COTTON POLO SHIRTS 1.49 Fine knit combed cotton Polo Shirts that are perfect for the beach, mountains, or any casual wear. Very popular for casual comfort with smart-fitting crew neck and short sleeves. ' Solid colors in turquoise, maize and red. Sizes S, M, L Misses' Rayon Crepe Slacks in 3 Lengths! CASH-AND-CARRY PRICED AT THRIFTY PENNEY'S 4.98 Short, medium, toll , . , there's a slack length espe cially for you! They're proportioned to fit! Fully man tailored with zipper closing, two mannish pockets, self-fabric belt. Choice of seven colon in smooth ray on crepe. 12-20. All three lengths at one low price! Women's Rayon SLIPS 2.98 A wide selection of rayon satin and crepe slips, all with delicate lace top and bottom or embroidered trim. Come in and see all the new pastel colors so popular this summer. Also in white and tearose. Sizes 32 to 40. Misses' Rayon Adonna Briefs 69c Stock up now for the Fourth and all summer with Adonna rayon briefs. 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