The Oregon statesman. (Salem, Or.) 1916-1980, June 03, 1956, Page 20, Image 20

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    :3-(Sec III) Statesman, Salem, Ore., Sun., June 3, '50
U.S. Analysts
Say Inflation
Past Its Peak
By WILLIAM 0. TAB ,
WASHINGTON (IMvernment
analysts Saturday expressed be
lief the "sharp edge of inflatioa
hat been blunted.''
This doesn't mean, one econo
mist stressed, that any (eaeral do
clina in business and the economy
' b under way, Nor does it mean.
he added, that the threat of tafia-1
tioa has entirely disappeared. '
It does mean, be added, that;
Inevitable adjustments arc taking'
place that were to be expected ;
after the booming business of 1SSS.
which carried over into tbs early ;
months of this year. j
And, this economist said, there,
Is no reason for pessimism overj
certain downward trends that may j
well prove to bo temporary. Gen
erally, he said, the outlook b for !
a continued high level economy but j
- at rates In the Immediate future '
below those of recent booming I
months. This may extend into the
third quarter of the year but with !
a recovery anticipated in the last
months of KM. .
Bright Side i
Ob the bright side these factors
wen aoted:
The continued high level of con-'
stntction activity at a C billion
v dollar annual rate, especially in
' commercial and industrial lines ;
Expected expenditures of SS bil
' lioe dollars or more this year
hv business in exoandinf its slants
and equipment: -Hich
personal income, at an an-
nual rat. of near SIS billion dol
i -
tart;
' High government spending, in
cluding the usual cleanup In pay
ments as the fiscal year draws to
a dose June SO; r i
A ris. in farm product prices to
levels even with last year; a firm
ing up in used car markets.
Downward Side
On the downward side, analysts
noticed especially the rise in man
ufacturers' inventories which had
. a book value of 4t 00,000,000 at
the end of Antil or about five hil-1
lioa higher than a year ago. One j
said this wis disturbing because!
II MiiM bail Ia m liMMlAiwn in nrA. '
duction in some lines U the in
- crease continued.
Other Declines noted were the
decrease 4 new automobile sales
- from a year ago, a cut in produc
tion of copper and some other
metals, the recent general down
; ward trend On stock exchanges and
sales declines in many lines in
Tfemt work I
(i si" i ------ ------
.i . mem ra otevi
One analyst expressed belief that
- ttuara mav ha a litvlin in twt
orders. Many firms placed orders
earlier in the year to assure them-
selves of materials and in advance
of a possible steel pries rise fol-
lowing the nrosent wage talks.
- Recently, too, there has been a
tightening of the money supply and
some administration sources have
criticised the Federal Reserve
Board for raising Its discount rate,
the rat. at which It lends to banks.
- "Provider. Has
v Oiv.n Us Hop."
i it
'(Author 'l iwrnt btlow)
. .- i
Thert it now no reason
why you should fear any
possill illness. Modern me
dicint can give torn, relief
for any ailment, and in most
cases has the knowledge to
affect a cur..
Most Important is the fact
that Physicians aro daily
earning more about how to
pr.v.nt sickness. There is,
Hop.," that In our time, se
rious diseases will occur
only to those who neglect
yisiting their Physician for
regular check-ups. If you
will consult him at the first
sign of any illness, ho csn
help you to get well quick
er.
YOUR PHYSICIAN
CAN PHONI
44334-150 S. Liberty St.
3-9123-310 Court St.
34157-2440 Croar St.
WHEN YOU NEED
A MEDICINE
Pick up your prescription if
shopping near us, or let us
deliver at 12:30 end 4:00 daily
without extra charge. A great
many people entrust ui with
the responsibility of filling
their prescriptions. May we
Compound yours?
Remember: At 151 South
Liberty Street we are nrt
pared to supply your Drug
More aeeas Z4 hours a day,
Nigni ana day,
' We are ope at this sddress
dally from :W A.M. uatil
U:M P.M. At any ether time
yoa need as Just dial 4 3336 or
S-I1Z3. V
' Sunday hours ate 11:04 antil
t.N and :N antil t:M P.M
W. are pleased to be able to
give this 34-aonr service to
I be people or out community.
: Medical Center Branch
344 Great Phone 1 3151-
. . Salem, Oregon
Cart and Commercial
Phone 3-9121
15 South Liberty St
j: , . Phew. 4-3331
Quotation by Utn Votttir (1694
1778) - Copyrieh W3 (IIW3) x
The
Shades of
Summer "Costume "Look
l hi - FW"i
I Jri I -ill ' warlfyA" ""V'.'Nv- i im
Summer --Sun Bronze
r c.
99
0 0 0
Essential in your wardrobe ... In the
closet seldom . . . the summer ensemble
is beautifully received any place, any
hour. Shown here are three from our
summer collection: the dresses, all slen
der sheaths, perfect alone; the coats,
also slim-lined, complete this favorite
of summer silhouettes. Sizes 10-18
a. Empire waist in sheer plaid Fima
cotton. Coat, sheer cotton, unlined.
Toast, black or gold $29.98
b. Sleeveless sheath in checked Pima
cotton. Button front coat in unlined spun
rajon. Cold, blue 23
c. Sheer cotton in screen multi-color
print. Coat of spun raon, fully lined.
823
Gown Salon, 2nd floor
2
2-oi.
Fa;v av tn that loneed-for colHrn
tan . . . anil no painlul burns along
the .. Sun Hrou.e is the sun lotion
that both tans and treats oiir skin at
the same time . , . because it contains
Liquid He enescence to keep and re
plenish skin moisture . . . disi mirages
peelinu. The combination ol Re enes
cence and the cllectiw sun screeninC
audits helps to retain a smooth, soft
skin-testiire while siin-bnininv;. In con
Miiient plastic bottle. Season sie. I n.
$3.30
plus tax
I.ipman'i C'osmetirt, 1st floor
Our Store is Air Conditioned and ynu may
Park Free with purchase
'Jw.'.'-vw-'--.;'.