Dr. Pearl New Head.
MUND
1651
103RD YEAR 2 SECTIONS-20 PAGES Th Oregon StatoMaan. Saltm. Orwjoxu Tuesday. Dtnbr 29, 1353 PRICE 5c No. 274
Petitions Attack
City 's One - Way
Downtown Grid
By ROBERT E. GANGWARE
City Editor, The Statesman
Salem's one-way street grid came under attack Monday in a
downtown petition movement aimed at getting the City Council to
repeal the grid.
i In two hours Monday afternoon seven petitions were placed
and many patrons and employes already had signed them, reported
Dale Mauk, one of the sponsors.
PEP
01
mm
"We'll have at least a dozen of
them out by Tuesday and prob
ably will have calls for many
more, he predicted
A. R. Mefford, who with Mauk
is located at the Stevenson & Mef
ford service station at Court and
Church Streets, said he had had
the petition drawn by an attorney
after conferring with numerous
businessmen who oppose the
street grid.
New System Opposed
1 The petition makes it clear the
nhiprtinn is Tint to ih nrioinal
What is the significance of the one-way system for highway traf-
announcement of President Ei
senhower that two divisions of
U. S. troops will be withdrawn
soon from Korea?
I think it means that the Presi
dent does not-anticipate a resump
tion of hostilities. Otherwise
troops would be left on guard,
in full force, subject only to ro
tation and replacement The
phrasing of the announcement
clearly carries a warning to the
Reds that they had better not
start anything. The statement
nukes it clear that the striking
pdwer of the U. N. forces is still
heavy, and the implication is that
newer and more potent weapons
will be employed if there is pro
vocation through attack.
The announcement carries
another meaning, and that is
that' the administration is eager
to reduce expenses. Main
taining two divisions in a foreign
land is very costly; and if they
are not needed there or else
where, considerable economy
can be realized by bringing them
home and discharging those due
for release from duty.
In brief, the new administra
tion is reaching the point of mak
ing positive decisions. It has been
busy for a year weighing factors,
trying to put things in proper
proportion, get the feel of af
fairs at home and abroad. Now
it is ready for action, and scaling
down armed strength in Korea
is one of the items decided on.
It involves taking a calculated
risk; but a military man is ac
customed to doing just that.
The decision may have an
agreeable effect on the Commu
nists. It offers proof that the
United Nations has no
(Continued on editorial page, 4.)
$5,000 Blaze Melts Aluminum Cover on Shed
mmmmmmmmmmmmmmmmmmmmmimi i. i in. m iimm iiiii i n m.i minimum mmmmmmmmmmmmmmmmmmmmBmMm,i&,iityjiZ4$
--i'l .
Of BP A; Public Power
Group Voices . Protest
New Director
Praises Ike's
Power Policy
Appointed
Russians to
Free 2 Yanks
WASHINGTON The State
Department said Monday the Rus
sian government has promised to
release Pfc. Homer Cox of Law
ton, Okla., and Leland Towers of
San Francisco but has not ad
vised where or when. Negotia
tions on the time of release were
reported underway.
Both men have been held by
the Russians for several years.
Cox, 33, disappeared in Septem
ber, 1949, while serving as a mili
tary policeman with the U. S.
armed Services in Berlin.
Towers, 29, was last heard from
in October, 1951, while traveling
in Europe as a tourist
Informed sources said the Sov
iet government advised the Amer
ican Embassy at Moscow on Dec.
21 that Towers and Cox would
be released. .
fic, but to the more recent com
pletion of a one-way grid in the
downtown area.
These six objections are speci
fied in the petition directed to ;
the City Council: j
One-way system as extended is
unnecessary for control of pres
ent traffic; is dangerous in that
it tends to increase driving speed;
is confusing for drivers and pe-'
destrians; discourages traders and
visitors from using the affected
streets and areas; cause great in
convenience and financial loss to
business firms on or near such
streets; is an unwarranted and
unreasonable restriction on the
use of public streets.
Petitions Placed
Among places where petitions
were placed are Stevenson & Mef
ford, Burright Cleaners, Walter
Zosel service station, Stiff Furni
ture Co.
Commenting on the petition
move around town, several busi
nessmen indicated they thought
the one-way grid had been given
sufficient trial and still brought
generally unfavorable response
from customers.
Some felt that an expression
from the public via petitions
would influence the aldermen:
others felt it might be necessary
to initiate at the next'election a
city bill for the purpose of repeal
ing the one-way street legislation.
Unlike the informal petitions now
in circulation, this would require
2,381 verified signatures of quali
fied Salem voters.
Feels Majority Favor Plaa
Mayor Alfred W. Loucks said
Monday he and the aldermen
have heard some persistent ob
jections to the grid, but incline
to feel that a majority of down
town businessmen favor the grid.
Spokesmen for both objectors
and the city concede that the
principal complaint of the motor
ist is over getting from one place
to another in the downtown area.
Movement of traffie through the
downtown area, from one section
of Salem to another, has not
drawn complaints.
SILVERTOX Fire Monday afternoon destroyed the machine shed shows above at the Don Kuenzi farm
at Central Howell. Also lost were a milk cow, calf and 15 tons of straw and bay. Machinery in the
building was saved. Sparks from a clean up fire nearby was given as the cause. (Statesman Farm
Photo.) t
VANCOUVER, Wash, in Pub
lic power groups are opposed to
the appointment of Dr. William A.
Pearl as Bonntville administrator,
Gus Norwood, executive secretary
of the Northwest Public Power
Assn., said here Monday.
According to Norwood they pro-,
tested to Interior Secretary Mc
Kay when Pearl was first pro
posed. Although the public power peo
ple did not have a candidate for
the job and never hoped a public
power man would be appointed,
we at least hoped we whould have
a neutral candidate and one not
thoroughly earmarked as 'spon
sored by the private power com
panies," Norwood said.
"We are greatly disappointed in
the decision which Mr. McKay has
made."
WSC Official
To Succeed
Raver Jan. 14
Salem Skyscraper
Standing in Street
Salem's skyscraper is standing
In the street.
The City Council was informed
in resolution form Monday night
that the 11-story T. A. Livesley
Building at State and Liberty
Streets extends slightly into both
streets 12 or 14 inches, City En
gineer J. H. Davis estimted.
In order to clear title for a re
financing program, the building
ownership is asking that the city
vacate that part of the streets on
which the building encroaches." A
Feb. 8 public hearing was set
Animal Crackers
to WAftftEN COOORICH
Ralph Cake,
Adm. Byrd on
Canal Board
WASHINGTON ufl Army Sec
retary Stevens Monday appointed
Adm. Richard E. Byrd, retired, to
one of three vacancies on the
board of directors of the Panama
Canal Co., which operates the
canal.
The other appointees were Ralph
H. Cake, lawyer and business man
of Portland, Ore., and Howard C.
Petersen, president of the Fidelity
Philadelphia Trust Co.
Byrd, the former polar explorer,
now resides in Boston, Mass.
Fire Destroys
Central Howell
Barn, Cows
Statesman News Service
SILVERTON Fire destroyed
a comparatively new aluminum
covered machine shed, a family
milk cow and a calf, 10 tons of
straw and about half that amount
of hay Monday afternoon shortly
before 5 o'clock at the Don
Kuenzi farm at Central Howell.
Sparks from a clean-up fire
nearby and a shifting wind were
responsible for the fire. The
sparks were carried through the
open doors into stored straw
which had been sold and was
awaiting delivery. The cow and
her calf had been housed in the
shed.
Mrs. Kuenzi and her two sons
were alone at home when the
fire started. First to note it were
Robert Cooke, a Eugene fireman
and his wife who were returning
from an over-holiday visit at ML
Angel. As they passed the farm
they noted a blaze from the cor
ner of the shed. They arrived
just as Mrs. Kuenzi stepped out
the back door and also noted the
fire.
Ted Kuenzi, Don's brother,
and neighbors began" arriving at
once calling the Suverton fire
department and moving tractors,
combines and other big machin
ery from the "burning shed. Fear
was felt for a time for an adjoin
ing machine shed also filled with
farm equipment, but the fire de
partment was able to get the fire
under control in time to save the
other buildings.
After the fire was well under
way, little four-year-old Boyd
Kuenzi remembered his Christ
mas wagon in the shed and
dashed in to rescue ft. He was
quickly hauled out and a neigh
bor rescued the little wagon. ,
Kuenzi, who arrived home as
the fire was being controlled,
estimated his loss at around
$5,000 with all but the cow and
calf covered by insurance.
SEATTLE ui - Dr. William A.
Pearl, appointed Monday as ad
ministrator of the Bonneville Pow-.
er Administration, said here Mon
day night "our main objective, as
far as Bonneville is concerned,
will be to do those things that will
be of most benefit" to the Pacific
Northwest.
Dr. Pearl, named by Secretary
OREGON CITY UP) A district court jury Monday found Elmer ; of the Interior Douglas McKay to
Deetz guilty of selling milk without a license in violation of state succeed Dr. Paul Raver, said there
Deetz Found Guilty in
Milk Control Act Case
Dr. William A. Pearl, director of
technology at Washington State
College, Monday was appointed
Bonneville power administra
tor. He succeeds Dr. Paul J.
Raver.
California Fire
Slows Near
Observatory
milk control laws.
Deetz, a Canby cattle breeder, has been selling raw milk in gal
lon jugs direct from the cow to customers who called at his farm.
Judge Paul Fischer said Deetz will be sentenced Tuesday. Maxi
mum fine possible is $100. Deetz
was fined $25 on a similar charge
in the same court in November of
last year.
The complaint against Deetz
was filed by the State Deparfenent !
of Agriculture which administers
the milk control law and issues
sanitary regulations dairymen
must meet to obtain a license.
Deliberates Hour
J The six-membec jury, including
two dairv farmers, deliberated the
LOS ANGELES OF! Decreasing ; case for one noar ater hearing
winds Monday night slowed the ; four hours of testimony,
progress of a fire that was creep-; Witnesses for the state were
ing up steep wooded slopes or Mt. i Kenneth Carl, assistant chief of
were no immediate plans lor
changes at Bonneville.
The new Bonneville administra
tor said he endorsed President Eis
enhower's power "partnership"
Dolicv under which private and
public power groups would joiirl
forces in development of the North
west s hydroelectric expansion.
West Ready to
ml
Accept Jan. 25
Date for Parley
McGilclirist to
Receive Honor
life
"... end don't forget, lodief.
iWre ore fine but let's adf
Cooler Weather
Due in Mid-Valley
Partly cloudy skies and cooler
temperatures are on the weather
picture for the Salem area today
and tonight according to weather
men at McNary Field.
High temperature today is ex.
pected to range near 48 degrees
with a low tonight near 36. No
rain is forecast until Wednesday
when scattered showers are pre
dicted. Light snow was reported
Monday in the mountains above
the 3,000 foot leveL
James McGilchrist, State Capi
tol guide who retires this week.
will receive special recognition
from the state in a presentation
program next Monday noon at a
Salem Chamber of Commerce
luncheon in the Marion Hotel.
Secretary of State Earl T. New-
bry will award a plaque to Mc
Gilchrist to cite his service in
showing tourists by the thousands
through the Statehouse since it
was opened in 1939.
Only 7 Seek Job of
Civil Service Director
Only seven applications have
been received for the position of
state civil service director, James
Clinton, civil service director who
resigned effective next Apnl 1
said Monday.
Applications must be filed by
Jan. IS. The job pays $3,592 a
a year.
Wilson and its famed observatory
! and four million dollar television
transmitting installations.
Quantities of equipment and hun
dreds of men were concentrated
in the Mt. Wilson area, and Wil
liam H. Weyant. county fire de
partment battalion chief, ex
pressed belief it will be possible
to prevent damage to the observa
tory, television installations or a
small hotel atop the peak.
Most threatening spots were a
mile south of Mt. Wilson and two
miles northeast, where the flames
were still burning fiercely.
The Mt. Wilson fire and another
one 20 miles farther east have
forced 2,500 persons from their
homes. Latest word from the San
ta Anita Canyon area below Mt.
Wilson was that at least 80 per
cent of the 136 vacation cabins
there escaped destruction in the
flames.
The second fire, in the Mt. Baldy
area, was reported to have oeen
contained on three sides.
Forest Service officials said a
coaxial cable connecting the tele
vision transmitting stations and
their Los Angeles studios had
burned through and that micro
wave was being used to carry
sound as well as pictures.
Evacuations were from homes
along the foothills. The towns of
Sierra Madre and Monrovia are
the most seriously threatened.
Lochead New
West Salem
Councilman
the department's division of foods
and dairies, and Aloha Howard of
Portland, one of Deetz' customers.
Carl testified that Deetz applied
for a license Dec. 21. He read an
inspection report listing changes
Deetz would have to make at his
plant to qualify for a license.
Met State Standards
Deetz testified that these changes
would cost him $2,500. He said
' that the deDartment had tested
milk from his cows and found that
it met state sanitation standards.
Deetz said earlier that he had
applied for the license with the
understanding that the charges
against him would be withdrawn.
When the state continued the pros
ecution, Deetz said he withdrew
the license application.
Deetz had filed suit in the
Clackamas County Circuit Court
attacking the constitutionality of
the milk control law. The suit was
filed after the milk marketing ad
ministration and the Board of Ag
riculture asked the court to halt
Deetz from making milk sales.
Later the charges were withdrawn.
Tualatin Line to Quit, Leaving
Suburban Area Minus Buses
PORTLAND m The manage
ment of Tualatin Valley Stages
announced Monday that the firm
will suspend operations Dec. 3L
This would leave thousands of sub
urban Portland residents without
public transportation.
George Fourier, president of the
bus company, notified .i Charles
HeltzeL Oregon's . public utilities
commissioner, that the firm was
losing money. He said patronage
had been declining and cost had
been increasing.
Fourier said the company will
not disband and that it will com
plete its existing contracts for
hauling more than 800 students in
the southwest Portland suburbs.
The company had applied to the
public utilities commissioner for a
rate increase but the application
will be withdrawn. The company's
drivers had been negotiating for
a wage increase.
Heltzel said he bad no authority
to force the bus company to con
tinue operating at a loss.
Gordon Steele, president of the
Portland Traction Co.. said his
firm would not be able to extend
its operations to cover the terri
tory where Tualatin lines have
bees operating.
Rubirosa
May Marry
2nd Heiress
NEW YORK W) Porfirio Rubi
rosa, suave Dominican ex-diplomat
and international playboy who
once was married to "the world's
richest girl," Doris Duke, may
marry another top contender for
the title. Barbara Hutton.
Rubirosa, now on the West
Coast, discussed bis plans late
Monday after New York newspa
per reports said he would marry
Miss Hutton.
He said he was returning to New
York to meet her.
Asked if he planned to marry
the four-times-married heiress,
Rubirosa replied: "We may."
Miss Hutton. heiress to a Wool-
worth five-and-dime fortune esti
mated at from 20 to 40 million,
was married previously to two
princes, a count, and actor Cary
Grant.
Rubirosa's three marriages were
to the Dominican dictator's daugh
ter, Flor Trujillo; the French act
ress. Danielle Darrieux, and Doris
Duke. -
Replacement of
Bov's Seat Cures
Vision Trouble
J. S. (Jack) Lochead, young
Salem insurance man, was elected
by Salem City Council Monday
night as alderman for the West
Salem ward.
Until the November, 1954, elec
tion he- will fill a vacancy left by
the resignation of Alderman Earl
Burk luetojor health. During
Burk's illness Fred Gibson served
as a substitute alderman until the
resignation.
Lochead was the unanimous
choice of aldermen at their Mon
day night meeting in City Hall.
He and several other West Salem
residents had been considered in
formally by the Council members
in recent weeks.
Lochead, a newcomer to city
government affairs, operates a
general fire and casualty insur
ance business at 361 Chemeketa
St and is district manager for
Northern Life Insurance Co., at
481 Ferry St. He is a resident of
1050 Pali Dr. in West Salem
Heights.
A committee of West Salem
business and industrial leaders
gave councilmen a strong endorse
ment for Lochead's selection.
(Additional Council news onj
page 6, sec. 1.)
WASHINGTON UP The State
Department indicated Monday that
the United States, acting in con
cert with Britain and France, is
prepared to accept Russia's pro
posal to delay a Big Four confer
ence of foreign ministers until Jan.
25.
A spokesman implied, however,
that the Jan. 25 date should be
made "firm" as promptly as pos
sible, with no further delaying
moves by the Soviets.
The Western Allies had original-, land 0T a beore that
y suggested Jan. 4 as the date for . He is married and has
me Big rours lop aipiomais io
meet in Berlin to discuss the future
of Germany and Austria.
In reply, the Russians proposed
a delay of at least three weeks a
move which would give the Soviets
a chance to size up the new
Dr. William A. Pearl of Wash
ington State College Monday
was appointed Bonneville power
administrator by Secretary of
the Interior Douglas McKay.
He succeeds Dr. Paul J. Raver,
who resigned to become superin
tendent of the Seattle City Light
system. The appointment is ef
fective Jan. 14.
Pearl, a native of Kent, Wash.,
has been director of technology at
Washington State.
Dr. Pearl, 60, is a registered
engineer in Illinois and Oregon.
He was graduated in 1916 from
Washington State and holds a
master's degree from there and
a Ph. D. degree from the Univer
sity of Michigan.
With Chicago Finn
For 10 3?ars he was an engineer
and an official of the Whiting
Corp. of Chicago, which manu
factures foundry equipment,
cranes, . railway equipment and
special machinery.
During that time he was on the
staff of the Illinois Institute of
Technology and was in charge of
some projects for the Armour Re
search Foundation. He left the
Whiting Corp. in 1946 to return to
Washington State. For a year Dr.
Pearl was acting president of the
college.
Author of Papers
McKay said Pearl has written
many technical papers In such
fields as coal, electricity, tires,
metallury and heating.
The secretary made the an
nouncement during a visit to his
home here for the Christmas holi
day. Pearl was not available for
comment. (
Dr. Pearl taught at Benson
Polytechnic High School in Port
land froom 1926 to 1932 as head
of the gas and aviation division.
He also awned a business in Port-
one
child.
French government, scheduled to
be organized some time after Jan.
17, and perhaps shape their stra
tegy accordingly.
Some Western diplomats believe
the Soviets are sparring for time
to try to devise new ways to block
the American-backed plan to set
up a six-nation European defense
i army.
A Soviet note proposing the de:
lay until Jan. 25 or later was de
livered to the Western powers Saturday.
IRONTON, Ohio W Little John
ny Earhart complained to his par
ents that he couldn't see the black
board at school. So Lawrence
County Common Pleas Court
Judge and.Mrs. Warren S. Earhart
took the six-year-old to Dr. John
Dole.
Traffic Victim
Is Dead Duck
City police noted a fatality in
Salem Monday night but haven't
decided whether to chalk it up to
traffic or low flying.
T"i . 11 l j 1.
The doctor found nothing wrong ."Vr; 7v"
with Johnny's eyes. discovered about 10 p.m. on the
. . . J J I rfans f ha trv nail I lwM filial
Ike to Confer
With Demos
AUGUSTA, Ga. W President
Eisenhower moved Monday to line
up bi-partisan support for his 1954
legislative program by calling
Democratic congressional leaders
to a Jan. 5 preview of his State
of the Union Message.
Withthe administration obvious
ly dependent on Democratic co
operation for success of the pro
gram, the President's holiday head
quarters here announced the em
phasis at the preview conferenc
will be on foreign affairs and
national defense legislation.
At the conference in Washington
a week from Tuesday. Republican
leaders of Congress will sit in with
the President and the Democratic
chiefs.
Why can't you see the black
board?" he asked.
Replied Johnny: "Because there
is a great, big boy sitting right in
front of me."
Judge Earhart said he'll ask to
have Johnny's seat changed.
SUIT AIMS AT BRIDGES
SAN FRANCISCO Deputy
U. S. Atty. Gen. Warren Olney
HI said Monday the government
will move "within 30 days" to
strip U. S, citizenship from Harry
Bridges, longshore union leader.
steps of the city halL Unofficial
verdict is that the bird was killed
either by a car or by crashing
into the city hall tower. At any
rate it's a dead duck.
TO MODIFY B-36S
WASHINGTON (JPh The Air
Force said Monday it has award
ed to Consolidated Vultee Air
craft Corp., Fort Worth, Tex., a
contract to modify "an undis
closed number of B-36 bombers
to carry F84 reconnaissance fight,
er planes.
Today's Statesman
SECTION 1
Editorials, features 4
Sports 8, 9
Comics 9
SECTION I
Food 1-6
Valley news 2
Society, women's 7
Markets 8
Radio, TV 8
Classified ads 8, 9
Lipman's to
Break Ground
At Site Today
Officials of Lipman Wolfe &
Co. will be in Salem today to
break ground for the new Lipman
store at Chemeketa and Liberty
Streets.
A groundbreaking ceremony
will take place about 1:45 p. m
following an invitational lunch
eon at the Marion Hotel where a
group of Salem business leaders
will meet with the Lipman party.
Special greetings will be extended
on behalf of Salem by Mayor Al
fred Loucks and by Interior Sec
retary Douglas McKay, now home
from Washington, D. C, for the
holidays.
Another special guest will be
Mrs. B. O. Schucking, Salem flor
ist whose family home once stood
at the downtown corner now
being developed by Lipman's.
The Lipman party will include
Harold Wendel, president; Harry
Swartz, New York City, represent
ing National Department Stores;
Robert Hammond, representing
the building contractor, Ham
mond Construction Co.; Bernard
Heims, representing the archi
tects, Dougan & Heims; Charles
Goldstone, Lipman's merchandise
manager.
Others from Lipman's include
J. Hargrove, M. Friend, Fred
Hessey, Phil Hawley, Roger
Meier, Tom Wendel, Roy Thomp
son, J. N. Helmstader and Colan
McKinnon.
Salem
Portland
Max.
- SI
. 4 -
San Francisco M
Chicago 33
New York
Mia. Precip.
w ae
4a .is
43 .00
33 .UU
38 JS
wmamettc Kiver S 3 leet.
FORECAST (from U. S. Weather
Bureau. McNary Field. Salem):
Partly cloudy today and tonljht
tfotly cloudy with a few scattered
thowera Wednesday. Silently cooler
today with, a hifh near 4S and a low
tonight near 3. Temperature at 1341
a J. wii 3S.
SAXKM MtlCWlTATlOW
Sine Start 4 Weather Tear Sept, 1
Thi Yar I Last Yaar Normal
UM 1 1S-43 ifjsi ,
March of Dimes Campaign in City,
County to Get Underway Saturday
Salem and Marion County will
begin their month-long March of
Dunes polio fund campaign this
Saturday with nest tubes" slated
to be distributed that day.
The tubes will take the place
of the usual miniature iron longs
of years gone by which have
served to collect funds," ex
plained County Chairman Arthur
Atherton.
"Marion County bis had its
share of polio and this is one very
good reason why we must assume
our share of the financial re
sponsibility in this year's cam
paign," , Atherton said. The na
tional goal for the campaign : is
$75,000,000. No set goal has been
established for Marion County.
Headquarters will be at the First
National Bank, 280 N. Liberty St
Committees were assigned by
Chairman Atherton Monday and
include: Mrs. Martha White,
chairman of the Mother's March
with Mrs. Nel Crothers, co-chairman;
Dr. Ray J. Pinson, schools
and college chairman; Leon Du
bois, chairman of the March of
Dimes Ball; Herb Barker, chair
man for organized labor; Wallace
R. Cowen, publicity; Edgar Whitt,
in charge of special contributions;
C. Stuart McElhinny, in charge
of special benefits affairs; Hillary
Etzel, chairman of the Block of
Dimes campaign, and Earl Jones,
in charge of theaters.
Marion County was divided into
north and south divisions with a
chairman for each. The south divi
sion is in charge ei Earl Cook
and the north Walter Scarbor
ough. -
Typing is under the charge of
the Insurance Ladies' Association
and the Daughters of the Nile are
in charge of addressing envelopes.
Mrs. Patricia Monk is secretary
for the county- campaign and
Mrs. Annetta Allenby, treasurer.
"I commend this campaign to
mv fellow citizens of Oregon in
declaring January to be March of
Dimes month in the state," ex-
Diained Got. Paul L. Patterson.
The national goal, about $26
million more than the previous
year, is attributed to the in
creased testing of gamma globu
lin and related vaccine. A con
centrated test of this vaccine is
slated for some place in the na
tion next March.
Wliat'll Happen
In '54? Babson
Will Predict It
Roger W. Babson's Business
and Financial Outlook for 1954
will 'appear in The Oregon
Statesman on Thursday, Dec.
31.
Mr. Babson pioneer in the
field of business and financial
statistics enjoys an nnusnal
record of accuracy in his An
nual Forecasts. His score for
19S3 was 84 per cent accurate.
On December 31, 1952, he
predicted: (1) that World War
HI would not start during
1953; (2) that the supply of
raw materials would be ample
in 1953 and there would be
less government control; (3)
that disposable income and
demand for goods would hold
up in 1953 due to full employ
ment; (4) that rent controls
would be a thing of the past
in most areas in 1953; (5) that
the cost of mortgage money
would increase; and (6) he
definitely forecast lower stock
prices. .
Watch for the Babson Busi
ness and Financial Outlook for
1954 en Thursday, Dec. 31.