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About La Grande observer. (La Grande, Or.) 1959-1968 | View Entire Issue (Aug. 19, 1959)
LA GRANDE OBSERVER Observer, La Grande, Ore., Wed., Aug. 19, 1939 Page 7 ft IMvlfe! if S 'Beatnik Look' Is Dead Issue In School Set The "beatnik look" in the class- oom is definitely on the way out. Many school authorities have taken it upon themselves to en force good grooming, banning blue jeans, motorcycle jackets, open - necked shirts and other sloppy wearing apparel, declar ing this unrestraint in dressing contributes to juvenile delinquen cy in looks and actions. The "clean up" movement be gan in several Eastern schools, jrficials noticed immediate im provement in both boys' and girls' 'jehavior when more appropriate school clothing was worn. The students seemed to take nwre pride in their appearance and nence in themselves as incline! uals. Portland To Buy West Vanport Area PORTLAND L'PI-An offer of $175,000 by the city of Portland to purchase the 625-acre West Van port area for future park develop ment has been accepted by the federal government, City Commis sioner Ormond R. Bea.i said to day. An agreement on terms for how the money tll be paid is the 0'ily detail remaining before Portland takes possession of the wartime housing project area. Vanport has been idle since the 1948 flood wrecked it. l .t-v: Wm L. c. ni - . SISTER DRESSES FOR SCHOOL Charlotte and Harriet Smurthwaite, four and six respectively will have look-alike dresses this fall. Harriet will be starting the first grade. The girls are wearing old fashioned print drip-dry dresses with three-quarter length sleeves. The dresses may be seen at -evieve's and are trimmed with rick-rack and trollian braid. (Observer Photo) Dividend Payments Are Expected To See New Record High In 1959 Hi v Changing School Need Not Be Emotional Crisis While moving d:iy may be a crisis for many youngsters be cause it breaks up friendships and disrupts their lives it is l"'' o fur many others, soci ologist Kaymond Payne has learn id upon querying nine hundred Georgia junior high and high school students. Nine-tenths of this number hail moved al least once, dose to 40 per cent said moving was more desirable than always liv ing in the same place. They felt that moving offered new ven tures, contacts, and friendship. Girls favored moving more of ten than hoys, perhaps becauoe ills usually are more socially mature and more confident of tl eir ability to make new friends and adjust wherever they go. . Dr. Payne believes that, it par ents point out beforehand the advantages of moving, the event will not be a crisis for a child, but will be anticipated with pleasure. ;t rwrrrw t, There Are Nori Days until the UNION COUNTY FALL FLAIR This fall fashion flairs are turning to bulky knit sweat rs. Connie Jepsen has chosen a black nationally advenised sweater that has a V-neck and inset .. ihe neckline. Her skirt is black and white checkt"' .CO per cent wool in the new fancy weave. Her ensemble comes from Ann Johnson's. (Observer) THURSDAY, FRIDAY & SATURDAY AUG. 27 28 29 Plan To Bring The Family! MON.-SAT. STORE HOURS 9:30-5:30 By ELMER C. WALZE3 UPI Staff Writer NFW YORK UPn Dividend Kav1nefs"t'lir8ef a new hiu'h record in 19."9. according to pre dictions of many of the experts in finance. And that situation indicates that many a corporate manager is going to have to squirm around a bit to satisfy the stockholders who don't waat dividends but would prefer capital gains, and those stockholders who want the absolute maximum. Gerald M. Locb. pa'tner in th? nation - wide brokerage firm cf K. F. Hutton & Co., writes 0:1 this dividend dilemma in the cur rent "Dili's Review and Modern Industry." To the management of a cor poration with public stockhold ers, dividend policy is a mat ter of shareholder relations and status, he says. In the privately owned companies dividends pri marily are a matter of taxes. Today's Dividend Tendencies Loeb notes several tendencies in today's dividend situation: A tendency to reduce cash payout and supplement it with slock dividends. Striving for continuity of div idends by keeping cash payments low and supplementing them with year-end extras in good years. Smaller dividend payments by some companies to provide cash for expansion and modernization. Generous dividends by somei companis which raise capital through equity financing. A grow ing group of com-, panics paying monthly dividends. ; Some companies able to : More TV Training Courses Given In School System Television courses have been added to the curriculum of many colleges throughout the country. Students enrolled in these classes do their own "produc tion" in studios with professional equipment. Laboratory work is also done to acquaint the student with the creative side of the medium. This combination gives students on-thesoot training. The courses are designed to at tract students interested in pur-. suing the field professionally, and to meet the needs of student-teachers who wish to become acquainted with all facets of the medium. Educators expect educatitonal TV to grow tremendously. They feel television will go a long way toward improving the quality of instruction. It is one project, they say, which will help overcome the staff and space shortages In many schools as student enroll ment continues to grow in the next decade. rr.nke tax-sheltered dividend pay ments. Some companies making no payments at all on the belief stockholders benefit more by cap ital appreciation. Capital Requirements Influence Dividend policy of corpora tions, says Loeb. is largely in fluenced by capital requirements. "However."- he add-;, "in these i:if b! ionary days, the allowable dcdrciions for depreciation, de pletion and obsolescence are oiten not sufficient to pay for needed 'replacements. "Many corporate managers feel, therefore, that in order to provide these funds a tax-puid reserve becomes necessary- This reduces the funds available for dividends. However, it benefits the stockholder by minimizing the need for either new bond financing or stock financing which would dilute his equity." Dividend policies of the future. Loeb leels. hinge on the possible reduction in the double taxation existing today on dividends. Corporate growth will be aided immeasurably when management can have a Iowier dividend pay ment and the investor can keep more of his dividends, he holds. Problems Could Be Reduced A corporation could reduce some of its problems, says Loeb, by explaining its dividend poll cie.s more carefully in its annual report. This, he finds particularly true of new, unseasoned stock issues. Ircidentally. with earnings good this year and dividends high, corporate heads aren't going to be heckled at the annual meetings as much as if they had to face the owners of the com pany after a divid2r.d cut. I'u to now the stockholders still consider the dividend as the big thing and woe to the chair man of the board or president who tries to explain why a div idend was reduced, or omitted. Our Big ENING Is Uov In Progress! FEATURING Many, Many Outstanding Values In All Types Of Fumiiure For The Home! You May Win Vauble I1ERCHAMDISE AWARDS Real Values Every Day Al The La Grande Furniture Warehouse EAST ADAMS AVENUE Frt Delivery BACKrT0'S iAKGAlIN! PAYS CHOOL WEDNESDAY THRU SATURDAY AUGUST 19th, 20lh, 2 1st, 22nd! ff p ! w ir I I 1 PENNEY'S FOREMOST JEANS FOR REGULAR, SLIM AND HUSKY SIZES Penney's has tough 13-ounce cotton denims in true western style. They're all low waist models cut over Penney proportion-fit pat terns, sewn to exacting standards and rein forced at all points of strain. Mom, you can machine wash 'em and they're Sanforized', too. Vat-dyed blue won't run or fade. If ! "s REGULAR SIZES ; SUM SIZES HUSKY' SlZIS j j boys' siiet 4 to 16 J I ..... J . l 88 ALL WOOL AND WOOL NYLON BLENDS! New looped textures! Basket weaves! Fluids, stripes, checks, solids! 100 wools, washable 85';o wool, 15 nylon blends. You must see them to appreciate 54 to 60 inch lengths "SPEC. PURCHASE" QUALITY CRAFTED "SOLINGENS" the value. 00 Ea. special1 buy) 18 wanted sizes for ev ery sewing and house hold project. Quality shears and scissors . . . all nickel plated over hot forged steel for cutting ease. SPECIAL PURCHASE CORDUROY PIECE GOODS 68 Yd. Asst. Colors Boys' Long-Wearing COTTON SOCKS 4 For 00 Colorful Stripes Nylon Reinforced Sizes 610 Misses' Wool-Orion REVERSIBLE SKIRTS Ron ONLY.. Standard, Reversible All Nylon! - Sizes S-M-L MISSES' 50 YD. NYLON BOUFFANTS 99 ONLY. 1 Perfect For Flare Skirts All Nylon! Sizes S-M-L CIRCLE STITCHED BROADCLOTH BRA 00 ONLY. Sanforized Cotton Elastic Inserts v Sizes From 32, ABC QUANTITIES ARE LIMITED! SHOP PENNEY'S NOW . . . AND SAVE!