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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (Sept. 24, 1949)
12 Th Newi-Revlew, Roteburo., Or. Sat., Sept. 24, 1949 Business Loans Making Brisk Come-Back But Retail Trade Lags Behind Last Year's Pace By SAM DAWSON NEW YORK, Sept. 24. UPV Business loam by banki In all sections of the nation are making their briskest come-backs In a year. This Is one of the few soothing notes In the loud discord of strike threats and currency mix-ups. But the fall pick-up In industry and trade, encouraging as It may be. Is not as strong as it was this time last year. Department store sales are still trailing last year, and even- the business loan advances over last week are not nearly as impressive as the gains made at the same time last year. The Increasing total of business loans means that businessmen, more optimistic than last sprint;, are borrowing money to buy goods for their shelves and to ex pand their activities In belief that business it going to be better. Freight car loadings are far behind last year, and likely to decline further, thanks to the "no day work week" in the coal fields, and the Department of Com merce and the Securities and Ex change commission predict that from now until the end of the year businessmen will be cut ting their expenditures for new planta and equipment Mast Ch.erful Nat The business loan advance Is the most cheerful Item of the lot for the short-term outlook for business. Federal Reserve mem ber banks in 94 cities reported that last week commercial, In dustrial and farm loans gained a total of $164 million over the week before, an increase of 1.3 percent. But In the same week last year the seasonal fall ad vance was J252 million. The banks have total of $13.2 billion outstanding, but a year ago they had $15 billion. These loans are used In part to finance expanding fall business, to carry Inventories being built up In expectation of fall and Christmas retail trade, and to move harvested crops to proces sors and eventually to stores. However, today we have a still Hovt Your Horn Landtcaptd en F. H. A. Ttrms Trees Topped or Removed Lown Planted Shrubs Pruning Call us for information L. H. McPherson Fit. t, x 151 Phone 715 J 1 happier picture In the report of the Federal Reserve bank of New York. The report covers the week ending Sept. 21, a week later than the national report. And It shows business loans by the 24 report ing memoer banks in New YorK Cilv pslninff SK9 million, the i sharpest upward swing since last October. Loans to puDllc utilities and sales finance companies made the greatest advance. Rttall Trad Lagging Retail trade, however, contln ues to be disappointing In most sections. The Federal Reserve bank shows that in the week end' ed Sept. 17 only one district, Min neapolis, reported dollar sale gains over the like week last year. For the country as a whole department store sales lagged 7 Dereent behind a vear neo. The Commerce Department Is also out today with an over all look at retail trade during Au gust. It reports dollar sales throughout the nation were $300 million above July, but still J 100 million below August, 1948, or a drop of three percent. But for the year as a whole the department savs total retail sales have kept "within an unusually narrow range." bales ot non dur able goods, like clothing, have sagged. But this has been largely offset by a "persistent advance In (he sales of durable goods," such as automobiles. In August building material and hardware sales staged neat advances. Business spending for new planta and equipment In the first half of the year was a little bet ter than in the first half of 1948. but the government agencies ex pect It to drop from now on. For the year as a whole thev esti mate the total at $17.9 billion. Last vear the total was a rec ord $192 billion. However, 1949 should be belter than 1947, when the total was $16.2 billion, a rec ord in itself at that time. Meanwhile, almost all hands agree that only after the current labor crisis is passed can any firm trend in fall retail business and Industrial output be estab lished.- 61.615.000 EMPLOYED (ALL-TIME HIGH) , - mm 59,720,000 EMPLOYED XBft 59.947,000 EMPLOYED. (1949 HIGH) JOBLESS LINES GROW SHORTER The chart above showa how unemployment lines short ened during August alter reaching a postwar peak of 4,095,000 in July, 1949. Latest reports from the U. S. Commerce Department showed unemployment in August dropped to its lowest point since last May, and that the number of job-holders in August was higher than at any other time this year. Economists say there will always be some unemployment. For example, during July, 1948, when civilian employment reached a record of 51,(15,000, unemployment was above 2,000,000. MillioM ef Dollars 20001 IMOh 1 HIJMgJ-lliiJ.tlP ' J--IW Z 1 Federal Monthly Attroim Total "IM "" le CiJ wff niif Bs8 VAVX IF.-JIM t-X'.'.'.V hlnHfnr Vi .VJ mmm mmm 1000 1 I Parking Mcttr Chtoting Suspends Tax Collector DETROIT, Sept. 24. UP1-A city tax collector was suspended from his Job Thursday on a charge of putting slugs in a park ing meter. A traflic patrolman arrested him. Detective Lt. Harry Michaels said the collector, Edward Tem ple, 45, admitted using slugs in a meter near the city hall. The detective said Temple explained he makes IS or 20 stops a day on city business and Is not reim bursed for meter fees. Temple la employed by the city treasurer's office which collects the money from parking meters. He Is a personal property tax collector. Includes public retidenhol Cimmerian 42 '44 46 4 41 JfMAMJ JAS0NBJ f MAM J J ASON0 J FMAM JA 1947 1941 1949 NEW CONSTRUCTION STILL BOOMING The chart above, based on figures from the Departments of Commerce and Labor, shows trends of new construction in the United States to mid-year 1949. Total estimated new construction in July, 1949, was valued at $1,913,000,000, compared to 51,874,000,000 for July, 1948. This represented an increase of more than 8 "4 per cent over June, 1949. Private building gained somewhat more than seasonally in July, and public construction somewhat less. Monthly averages for years since 1939 are given at left In the chart. New construction for this year appears well on the way to matching 194S'i record monthly average value ot $1,565,000,000. War Ban Seen In Soviet's Possession Of A-Bomb BONN, Germanv, Sept. 24 LT) Prof. Otto Hahn. regarded as a discoverer of nuculear fission, de clared yesterday the news that Soviet Russia has the atomic bomb is good news." "If both the United States and Russia have it there will be no war." Hahn said upon being In formed of President Truman's statement that there has been an alomic explosion in Russia. "It will be the same as it was with poison gas." j Hahn, who won the Nobel prize in 1944, and Prof. Llse Mcilner, a German refugee who helped develop the atomic bomb i in the United States, were joint ly awaraea me max riancx med al for scientific achievement yes terday. Hahn is . professor at Goettingen university. Vishinsky Mum On A-Bomb In Address At U.N. NEW YORK. Sept. 24 I.Ti Soviet Foreign Minister Vishin sky called on the Big Five pow ers Friday to conclude a, peace pact among themselves. He made no mention of an atomic explosion In the Soviet union In his general policv ai dless to the United Nations as sembly. Vishinsky prefaced his peace proposal with his usual slashing attack on the Western powers. He charged the United States and Britain are leading plans for an aggressive war. Then he introduced a formal resolution by which the assembly would express the desire for Rus sia, the United States. Britain. China and France to conclude a peace pact among themselves. Vishinsky said not a word about President Truman's announce ment in Washington that there is evidence of an atomic explosion in the Soviet union. He also took no notice of a declaration by Secretary of State Acheson that the United States had expected uch an atomic de velopment and had no plans to change policy because of it. Ache son held a news conference Just before Vishinsky spoke. The Vishinsky speech was far less fiery than his "war-mong er" blast in the 1947 assembly which provoked boos from the gallery. It represented a let-down for many delegates who had ex-' peeled some word on the atomic ; developments. The speech was one of the shortest major efforts in Vishin sky s career. It was the first I speech delegates recalled that he j had ended on such a peaceful noie. Proposals Offered In a three-point proposal. Vi shinsky called on the assembly to: 1. Condemn preparations for Noronie Disaster Testimony Ireeds Slander Suit CLEVELAND. Sept. 24-t.P) Cant. William Tavlor, master of the fire-swept Noronie, Friday fil ed a $250,000 suit against C. Ralph Willson of Cleveland. The civil suit charging slande" new war being conducted, he said, in the United States and Britain and other countries. 2. Protest against further de lay In completing treaties ban ning atomic weapons and setting up international atomic controls. 3. Call for all nations to settle their disputes peacefully and for the five great powers to conclude between themselves a pact for the strengthening of peace. The Russians said the U.S. and Britain have refused to conclude conventions for prohlbitir g atom ic weapons. and defamation of character quotes atatementf made by theV Ohioan at a hearing conducted" by Cuyahoga county Coroner Samuel R. Gerber here Thurs day. Legal papers filed for Taylor In federal court maintain ihat Willson said: "I saw the captain supported by two policemen. I would say that I didn't smell his breath this may not have been asked but I would say that he was to confounded drunk that he should not have been on the ship." The captain himself denied vig orously that he was drunk, when reached in a Toronto hospital. He is recuperating from burns received in the last Saturday morning blaze that took some 132 lives. Doomed Wife Murderer Loses High Court Plea OLYMPIA, Sept. The state supreme 24. (.PI court Old Church Repainted To Oust Workhouse Effect BOLTON - UPON DEARNE, Eng., Sept. 24 Wl The 900-year- Senate Votes Fund To Aid Public Works Plan WASHINGTON, Sept. 24 P The Senate Friday passed a bill authorizing $100,000,000 In advances to states and communl-1 ties to be spent for the planning of public works projects. The measure goes now to the House. In Congress, the bill has been called an "anil-depression meas ure." Last July President Truman recommended such a program of advance planning as a safeguard n tne business downturn should Thursday denied the plea of Wayne L. Williams for a rehear ing of his case by the high court. The court on Aug. 4 ruled . - ...... ,11,7 uusiur.n JUHII ""Mold parish thurch here is being : become more serious.1 repainted red. white and blue. A coat of crimson has been or dered hy the Rev. Donald Sparks lor eight ancient pews. Williams should hang for the be white, while the church door Ancient galleys with three " i I i,nui mi unis viuiu iiavtri at u Wall will knots for short bursts. FORD WAPMTOPS REPAIRED Sy Our Experts Announcing Change of Hours On Sundays, Open at 10 a. m. for that Sunday morning breakfast. Also serving those good pan-fried chicken dinners, complete for , .1.50 Special steaks and sea food dinners with French fries. And why not top lt off with our delicious home made pie? It's our specialty. Phylli us uare on Garden Valley Road Where You Get the Most For the Least Weekday Hours: 6 a.m. to 8 p.m. Except Mondays U & WWMMa 'War "If, "one LOCKWOOD MOTORS Rose and Oak Phone 80 . A Kinu A IS THE TIME TO ORDER YOUR Next Winters Fuel O 16" Green Slabwood O Planer Ends 0RDIR YOUR WOOD NOW WHILI SUPPLIH ARI PLENTIFUL AND YOU CAN GET PROMPT DELIVERY. WE ALSO HAVE: Sowdust 4' Slabwood 16" Mill Ends 16" Dry Slabwood ftOSEBURG LUMBER CO. Phone 461 SEEDING BY AIRPLANE Let Us Seed Your Burned-Over Land FELT'S FLYING SERVICE Roseburg Airport Phona 1225-R first degree murder of his wife some l.j months ago. The high bench also affirmed his convic tion of first degree assault on his four-year-old daughter, Mary Bernice. Williams admitted bludgeon ing both his wite and dauchter and rolling them over a high cliff overlooking Puget Sound south of Mukilteo. The child, however, recovered Williams pleaded Innocent be cause of insanity at his trial in Snohomish county superior court. TITLE SUIT FILED Suit to quiet title has been filed In circuit court by Wayne and Clara West against the unknown heirs of Klizabeth Johnson, Fred Johnson. Jane Sherrltt and Henrv Sheritt, all deceased. The proper ty Is listed as lots 1, 2. 3. and t. section 31, township 20 south, range 10 west, and the northwest quarter of the southwest quarter, section 32. township 20 south, range 3, all west of Willamette Meridian, the latter suhiect tn a Federal Land Bank of Spokane mortgage. and porch probably will be indigo blue. Sheffield's diocesan advisory board gave its blessing to the ex periment. "The Idea," Mr. Sparks ex- Klalned. "Is to get rid of the work ouse atmosphere." VAGRANCY CHARGE James Edward Switzer. 58. San Francisco, arrested Thursday in Oakland on a charge of vagrancy was sentenced to serve 20 days in tne county Jail upon arraign ment in Justice court, reported Justice of Peace A. J. Geddea. John Adams enjoyed the great est longevity of any American president. He lived to be 90. FRESH WATER IN A STEADY FLOW $350 down puts the AGRI-CAT vamp farm v rrr, ' . ' J m flTlTTTT77i original J CUlTIVillho I coMimi 9 h p. Wi Tha AgrlXst is untsetlled fori Dairy farm uit. Plowing, discing Land clearing. Landscaping. Anyont can oporatt tht Agri-Cat. Availablo with altctrie starter, hydraulic hoist an blade and drawbar. jnun engine -20". 14. 26" tiller Jort optional Built-in reverse gear $225.00 down, balance on easy terms. See These Tractors Any Day Including Sunday At: Green's Garden Tractors 230 N. Jackson Phone 1003-J TANK tViri Turn on ttit witerit ont fiu cct or more than ontind tht new Balanced-Flow Jet delivers the exact volume of frtfh miter full stream or a trickle at any or all outlet, up to tht ca pacity of the pump. No waiting, no hesitation no spurt, no tag. jmtt ihrlfio varying demands for water when faucets art opened or doted, providing steady, con tinuous, non-fluctuating stream, in any volume within pump ca pacity. No priming. . . . No trouble. Quiet, easy to initall. Low cost. Cap pacitv up to 540 gals, per hour. rnding upon suction lilt. tier you've seen this amaitng new pumping unit, you II agret it's the ideal mater system for your shallow well. BUY WHERE YOU SHARE IN THE EARNINGS Douglas County FARM BUREAU COOPERATIVE EXCHANGE ROSEBVRG, OREGON Phone 98 Looatod W. Washington St. and S. P. R. R. Tracks SPECIAL 2 WEEKS ONLY ON GOODYEAR'S FAMOUS SAFETY TUBES We will allow you full list price for your present lubes .up to !J5j etots MOTION tf 1 V " '" w t J mo 1 ach when II traded In on new UfoGuards LifeGuards make blowouts harmless as slow leaks. LifeGuards outwear as many as 3 sets of tubes. HERE'S HOW LIFEGUARD SAFETY TUBES DIFFER FROM ORDINARY TUBES! ORDINARY TUH ILOWI Inalantlr both ttrt and tub ao flat, frequently throwing ear out of control. I I iwrnnat J a I Art ON UMQUAI5I Rsrv of air in strong cord fabric Inner chamber up port a car long enough for a safe gradual atop. DON'T MISS THIS BARGAIN! COME INI WE'LL ARRANGE CONVENIENT TERMSI CARTER TIRE CO. 444 N. Stephens Sr. Phone 1(83