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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (Aug. 23, 1949)
r 14 The News-Review, Roseburg, Ore. Tues., Aug. 23, 1949 Business Stocking Up For Fall, Yule Trade Despite Drop In Department Store Sales By RICHARD FISKE NEW YORK, Aug. 23. (.W Business finally began itocklng up lor the fall and Chrlnmas trade last week. There were Indications buying waj widespread ard lubstantial economists believed the belated purchasing wai here to stay right up to the Christmas holidays. It was one of the best economic signs of the summer. It generat ed a feeling of optimism among those who believed a loosening if the purse strings was reeded more than any other single ac tion. Only recently the Commerce department said business pri marily was responsible for its own decline because it refrained from buving and thus diminished the market for goods and serv ices. This week business men were spending. It seemed obvious they thought tne consumer wouia loos en ud before the year is out. Inventories continued to disap- near at a hea thv rate. Coupled with purchasing, that should mean a quick upturn In produc tion. Large expansion programs were announced during the week Ford Motor company planned a new pressed steel plant near Buf falo. N. Y.: Dow Chemical com pany planned a $5,000,000 ammo nia plant at rreepon, lex. Purchasing agents reported or der backlogs going up. They said LOOK Si sign PA1NT1N0 ' DECOEATINO lCQNTr',Zsf AMERICA IT IS YOUR PROTECTION Fully Quarantc Reliable Quality Work At No Added Cost Roseburg Chapter P. D. C A. Phone 208 orders are coming In for longer terms ahead. This means less hand-to-mouth buying. Labor Picture Brighter The employment situation was reported a little better In many sections. Additional plants recall ed idle employes. Secretary of Labor Tohin told President Tru man 1,000,000 new Jobs may open up by the end of the year. Aulomobile production headed at a merry pace toward an all time high for the ytar. Despite a wildcat strike that closed down some assembly lines the output for the week hit 148, 545 units, about 2,000 above the previous week. Industry spokesmen predicted August production of 643,000 cars and trucks, an all-time record for a month. And a yearly record was almost within the industry's grasp. Dun and Biadstreet, the busi ness reporting service, said con sumer buying was up slightly in the week ended Wednesday al though dollar volume was mod erately below a year ago. Department store sales, taken alone, however, were down again. The New York Stock Exchange showed some mid week activity but slipped a bit on the final trading day. A three-day rise brought the market to a peak for its summer rally and close to a high level for the year. Then, the market backed away on Friday. The good days of the week were enough, however, for the market to show an overall advance over the previous week. RAINS TAKE TOLL PRAGUE, Czechoslovakia, Aug. 23. (JPt The death toll in Slovak rainstorms and floods last week rose to at least 25, Czech press reports said today. A pre liminary toll of 16, announced Wednesday, was Increased by de laved reports from remote vil lages. ' ' y ' NOT SWEET BUT LOU D Diana Dee, 5, dauthtrr of Mr. and Kirs. C. A. Jenkins of Louisville. Ky., accompanies her 1-months-old dot , Kayo, on harmonica as the dor, hits a hif h note. Communist Strike Offensive In Finland Loses Its Momentum B-36 And Atomic Bomb World's Top Peace Guardians, Gen. Spaatz Says WASHINGTON, Aug. 23. (.) Gen. Carl Spaatz, retired air force chief, said today the B-36 bomber and the atomic bomb "are the greatest forces for peace in the world." In terms of wars of the past, he said, Russia could subdue "practically all of Europe and Asia in a relatively short period of time" but the B-36 and the bomb maintain "a balance of power for peace." The general was called before the House Armed Services com mittee in Its inquiry into whether political influence or favoritism figured In developing the big, six engine B-36. Spaatz said that when he com manded the Air Forces he made a decision to continue a contract for 100 B-36s let in 1943. His de cision was made around Decem ber, 1946 or January, 1917. "I believed," Spaatz said in 1 prepared statement, "that the re sults to be obtained from posses sion of an inter-continental bomb er were so enormous as to justify going ahead and taking the chance of failure, just as was done in developing the atomic bomb which this plane is design ed lo deliver. Even after rehabilitation of western Europe's political, eco nomic and military strength, Spaatz said, the B-36 and the atomic bomb "will still be most oolent instruments for maintain ing a balance of power for peace." lumbermen and log floaters. The waning strike movement drew strong comment from Fin land's communist press. The official Red party organ, Tykansan Sanomat, yesterday charged police action against the strikers was aimed at preparing for war against the Soviet union. This followed earlier communist charges that the government w?s violating the peace treaty with Russia. RECORD CAR PRODUCTION DETROIT, Aug. 23.-P Unit ed States automobile plants will hit an all-time record production total of 643.000 cars and trucks for August, Ward's Automotive reports esllmated today. The sta tistical agency compared the fig ure with the industry's monthly high of 621,910 cars and trucks, established in April, 1929. Safecrackers Obtain $4,000 In Store Loot SEQUIM. Wash., Aug. 23 OW Deputy sheriffs are investigating the theft of between $4,000 and $5,000 in currency from tne ciai lam Coop store here last nignt. The loss was discovered by Er nest Teterud, office manager, when he opened the store this morning. Deputy Howard Breece said the fwi-ar'kpri hmke a rear win- jdow glass to enter the build. then used an aceiyiene lorcn o cut a hole In the door of the vault large enough for a man to do through. Then they opened the vault door from the inside, rolled out the safe, and chiseled off its door in a workshop at the rear of the building. The News-Review classified ads bring best results. Phone 100. PAINTS All Kinds PAGE LUMBER & FUEL 2nd Ave b. Phop 21? k 1 Dependable! Performance! $SSTO CHAM SAW Designed and built by Distton, America's foremost saw manu facturer, this it the saw you need to lower your costs and step up your production. It's easy to operate, and built for trouble-free service. Let ut give you all the facts about the Diitton Chain Saw with Mercury Gasoline Engine. Com in and talk it over, CARL J. PEETZ Phone 279 920 8. Stephens HELSINKI, Finland. Aug. 23. (JFi The communist strike of fensive against the Kinnish gov ernment lost momentum again today as workers apparently re mained deaf to Red pleas for further walkouts. Although the Transport Work ers union called a strike for this morning, traffic was normal on Helsinki's streels. The communist timetable had called for more than 100,000 of Finland's 300.000 unionized work ers to be on strike today in what the government charged was an attempt to prepare for a commu nist coup. The government has not yet been able to compile, an official report on the number who actual ly have left work but employer estimates gave the total at 27, 000. The strike threat generally ap peared to have been overcome by the combined firm efforts of the Social Democratic (Socialist! government of Premier Karl A. Fagerholm and the loyal Central Trade Union federation. Strikers in many industries were reported streaming back to work. 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