Image provided by: University of Oregon Libraries; Eugene, OR
About Eugene register-guard. (Eugene, Or.) 1930-1983 | View Entire Issue (Jan. 1, 1933)
auar? 1. 1933. THE EUGENE BEGISTER. GUARD HFLATION TURKS 0 STABILIZATION ill ny n, JOFW I COOLET Loclated Press Financial Writer) vrw YORK, Dec. ur' 1 "" I, accumulations of goods and debts world 01 pre-ir i- - lo'omic scales far off balance In Despite encouraging evidence of tioai ana cor, . -7:7 nr-end deeply in i" - - rd full yer 01 uU,...... - esFion. Toe hj u - , United States through this year itress Has Deen iiniui..i.j ,11 who own or are interested in mertv and who bave. or had, jobs, wr.ckaas Everywhere t f deflation from an era frtravagance left a wreckage of predated currencies, bank failures. I.sinoss insolvency., in. llitical upheavals, unemployment and ,man misery, u ' ' " ,7,: vision 01 values nui ols of economics, but of intangibles . ...11 If the world needed further Storing. UK'S turned the trick. Battle ror 9itumauvu TT..nor. the year also saw a Tai nt battle for stabilisation. Govern ment resources, nere ouu au.ua... ire put beninn pro concerten ewon iv Opinion differed as to the ultimate 1... nf artificial measures adopted, fit unreasoning fear begnn to give lace early last summer i i-miu aH wholesale liquidation censed Ind markets started to recover their ,mi,orium. Because me aeprcaiu ua universal the year's financial r.nta had the world for a stage. Itroadest significance attached to re- Bercussions of tne war reparations nd the mter-nuieu acum. iiunumi Icmnnds for s settlement of these ftro problems brought first the agree- nent ac jjnusiinue " irditors revised the reparations bill. rand second the agitation for a final eckoning of Europe s score- to this oiintrr. s question that became strik- Pgly prominent in December. Credit iwarnets upset Meanwhile international credit mar- its were being turned topsy-turvy nd currencies off the gold DaBis were resting price Disruptions mat seri- usly sffected trade. At home the tuatlon encountered ' complications a an unDainncea umiueu Europe, alarmed by what she re- arded as the precarious plight of ibility that this nation might have to cave tne goia stnnuara, tooK irom merles a steady flow of gold. This raft amounted to $551,000,000 be- ween uecemocr 01. ivai. ana June 3 last. Emergency measures by. Congress otnbly the Glass-Steagall bill and a beoretical adjustment of the budget. emoven the threat to the dollar and he gold came back, so that the vear- nd actually found a moderate net ain In this country's stocks of the foetal. Money Kept Easy. The domestic situation was steadied by the Reconstruction Finance cor poration, which gave first aid to hanks, railroads and other enter prises, and also by the vigorous credit expansion program of the federal re serve program of the federal reserve rstem. The Intfer, purchasing up rards of half a billion dollars' worth pf federal securities, kept money easy through the storm period end helped ipply the brakes to deflation. Commerce and industry, confronted vith enormous surpluses of raw ma risls and with drastically curtailed purchasing power, staggered through k year of almost steady decline. Business had a seasonsl recovery a the autumn, thereby gaining a de :ree of confidence thnt security and 'ommodity markets quickly reflected. Farmers' Union Warehouse 532 OLIVE STREET Your Supply House For Seeds . Feeds Grain Hay and Whatever your needs In these linos you will find what you want at the Farmers' Union Warehouse at lowest market prices. Years of experience in serving Lane County agriculture enable us to advise you compe tently on questions of feeding stock and rais ing hay or grain. Industrial Production In 1932 NEW YORK, Dee. 81. W) Following are statistics on production of t lie nation's major commodities In 1931 and 1932, showing declines In the past year ranglnc from 1.1 per cent to 53.4 per cent: (1932 Figures Estimated by Electric Power ....... Stool Ingot Automobiles flncl. Trucks) Bituminous Coal . .., Anthracite Coal Cotton Consumption ........ Bilk Consumption Wool Consumption Cement an.. Lead Zinc ... Crude. Oil v Gasoline . .... Cigarette Cigar Shoe an...' - Lumber Auto Tirea Sugar Meltings .,.... Moat Pig Iron Short ton. but low prices snd reduced consumer demand largely offset curtailed oper ating costs. World trsde was cut about 20 per cent. No Inflation In U. S. Through all its troubles the United States bas so far avoinea iniuuau. Several measures of an inflationary L U.n nrnnnttpd. In and Ollt nniuru un.c iu i-. --- of congress, as. a means of boosting prices and helping neotora. Admittedly, the question of debts, both public and private, Is a root of trouble, end how it is to be solved has become a matter of deep study. . -4 Western Box Co. Keeps Pegging On i:.m that ham kpnt BD !tfl bUS.- JUV UIU1 .t.uv ncss steadily, employing 10 men throughout the yenr, is the Western Box company. The company uses from 75 to 100 carloads of spruce, hemlock and white pine rumoer n mmilv. most of the lumber being pro duced in Lane county. . The Western Box company nas me contrnct for the Northwest Turkey Growers' association Doxes lor snip ping. It likewise supplies between 110.000 snd 120.000 egg esses an- 11- A tl,a Pni-ifie Co-Onerntive 11UU1IJ I" " Poultry Producers' sssociation and Swift and company produce plant, egg cases are the specialty for the. West mw Tim mmnnnf Another firm the company supplies boxes for here is Chase Gardens. George A. oiocks 10 president of the box company. Egg Co-Op Help Lane Producer Eugene has the only branch of the Pacific Co-Operative Poultry Pro ducers' assoclntion in Oregon outside of Portland. The association Is ope rated as one of the larger producer organizations of the northwest. While figures have not been com piled as yet on the year's volume of business, the Co-Op stands high 'on the list as a money-mnker for egg and poultry producers of Lane county. This year the Eugene plant branched out to some extent by going Into the feed and poultry business for mem- 1 Ar fits nccn'tnttnTV eollini? feed. and receiving poultry on F.O.B. price basis to be sent to rortianu. nnipn M. Ferry Is manager of the Eugene plant. Pacific Transfer Has Modern Plant The Pacific Transfer snd Storage company located at 50" Fifth avenue west, bas been serving the public since 1912. Founded in the dsys before the motorized ere, It has kept pace with developments in transportation, and now offers to Its pstrons a swift, but csreful removal service, either around the corner or across the state. Padded vans and trailers are utilized for all short or long-distance removnls. Through Its membership In the Ns. PHONE 1581 4S& Standard Statistics Co. Unit 1932 Change kw. hr. 77,172,000.000 . 10.9 tons 1 13.101,000 47.9 cars 1.3.19,100 43.1 tons 304,810,006 20.7 tons 49,101,000 17.6 bales 5,030,400 7.6 bales 6M.450 6.7 lbs. 4S1. 150,000 24.8 barrel. 76,570.000 RS.6 tons 286,030 33.6 tons 210.470 30.0 barrel 7S7.42O.00O 7.5 barrels 399.S1O.000 8.6 1.000.000,000 103.40 8.8 1,000,000 4.447.4 16.3 - pairs 809,840,000 2.1 1,000.000 bd. ft. t 10.550. 35.6 casings 82,037,000 17.8 tons 3,725,200 9.6 lbs. 13,125.000.000 1.1 tons 8,701,000 52.4 tional "Furniture Warehousemen's association, an affiliation is main tained in over SOfl cities in the United States, Canada. Enpland, Scotland and France, thus enabling the Pacific Transfer and Storage company to guarantee to the shipper a dependable service from the point of origin to final destination. Shipments of household effects can not be made via rail or boat without careful, correct preparation; and for this service, a crating department Is maintained. A fire-proof warehouse, supplying safe, sanitary storage provides space where household treasures may be stored and cared for over a period of dnys, or for years. Courtesy and fair dealing are and will continue to be the watch-word. Oregon State Has Hoover's Old Book OREGON STATE COLLEGE, Cor- valhs. Ore., Dec. 31. (U.R Funda mental ideas of Herbert D, Hoover regarding labor nnd industry are re vealed here in a college textbook, "Principles in Mining," used os stand ard text on the campus. Pertinent is a paragraph written 24 years ago, giving President Hoo ver s views on labor. "In a generul way it may be stated with confidence thnt the white min ers can, under the same physical con ditions and with five to ten times the wage, produce the same economic re sult," it reads. Tree Melons Ready For Fruit Markets SAN BENITO, Tex., Dec. 81. (U.R) First commercial shipment of papayas, the so-called tree melons from the Lower Rio Grande valley of Texas, was attended with such sue cess that extensive production may result next year. ' Papayas groves now bearing ripe fruit were planted last March. A single tree will produce two to three dozen large fruit. The papayas were shipped only to points in Texas this season because of tempornry diffi culties in transportation find handling. SINCERE WISHES FOR A HAPPY PROSPEROUS NEW YEAR! You Will Be Happier If You "Let The Laundry Do It" tVR laundry way Is simpler! It cuts out wear and tear on your nerves; gives you time to devote to the children and to recreation. Anil due to many Improvements In methods and materials, your clothes are safeguarded as never before. Even If you have I washing machine It la impossible to do home washing at our low price of 4c Per For Rough Dry Service with all flat work Ironed. 1 This Maglo Number Will Eliminate Wash Day Prom Your Home Phone 123 STORY (CONTINUED FROM PAGE I) was s defensire moTt, threatens to iilgn from ths lesgu. Japanese militarists are In complete control, A series of ssRssstnaHons of their political enemies baring reduced the government to a mere tool of the army. The British Empire With the ponnd at lowest lerels In modern history, trade at low ebb, un employment widespread, the dole a staggering burden and trouble at home and abroad, the British empire exper ienced a trying 1032. Nerertheless, it paid lta J05.000.000 war debt In stallment to the United States on De cember 15. In February, Kamonn de Talera won the Irish Free State presidency on a plntform opposed to oath of alleg iance to the crown and favoring reten tion of 110,000.000 Irish land rentals nsld yearly to English landlords. When Ireland withheld linnulties, England re. taliated witn a zu per cent import duty. On April S, a mob of 10,000 jobless rioted In St. John's, Newfoundland, nnd damaged government buildings. On October 12. 10,000 rioted in Belfast, looting food stores. On November 1, liO.OOO "hunger marchers" battled Lon don police in a futile effort to enter the house of commons. On November 7, a royal commission recommended continuance of the dole and upheld the "means test." During the year an Australian state attempted to default on ita debts and wns prevented by the commonwealth, which seized its revenues. Recently, trouble flared In Persia over attempts to cancel British oil leases. On February 20, Britain abandoned its 80-year-old policy of free trade. In July, Dominion representatives met at Ottawa and erected a preferential tar iff wall around the empire. India Gandhi continued bis passive free dom movement. In April, it was es timated 50.000 Indian nationalists had been jailed. In August, Britain at tempted to force acceptance of Its solution for spportioning the ballot, denying certain rights to India's 60, 000,000 "untouchables." Gandhi emerged as their champion and, in September, smashed this arrangement with a six-day "hunger strike." Brit ain, fearing to let Gandhi die, capitu lated. Germany The most significant development In Germany in 1032 was that nation's plainly manifested determination to throw off the crushing limitations Im posed in the Versailles treaty. The year brought many elections and political turmoil, but all fsctions are agreed on two things: Germany will never resume reparations psy ments (practically canceled by the ten tative Lausanne agreement); Gcr mnny, now restricted to a tiny army, will demand arms equality with other European nations a,nd, It It falls to get this permission, will re-arm any way. Significant was the decline of Hitler nnd the rise of Genersl von Schleicher, In 1933 Here's a New Year's resolution you owe to yourself and your family. Resolve), once and for all, to eliminate the bother of home wash day from your life! Let the Eugene Laundry do your washing the modern way. so much easier, is mnch Pound the new chancellor, to a position of absolute power under the aged Presi dent von Hinde'iburg. W batever immediate hopes the mon archist bad for regaining the throne apparently faded with the downfall of on 1'apen, though Uermany now seems willing to let the ex-ksiser re turn aa a prirste citlien. France Outstanding among world events waa France's default on a $!X),0OO,O0O war debt payment due the I'nited States December IS. Premier Ilerriot urged payment and was overthrown, the nation apparently being angered by President Hoover's one-year morstor ium which halted German reparations payments to France perhaps never to be resumed. On May 8, President Psul Doumer, TS, was assassinated by Paul Gorgul off, demented Russian, later guillo tined. Four days lster Albert Lellrun, president of the senate, was elected president. Aristide Briand, 11 times premier, died, Italy On October 23, Mussolini's Fascists celebrated the 10th anniversary of his dictatorship with a great demonstra tion in Rome. Shortly after the Lausanne confer ence which failed to wipe the slate clean of inter-allied war debts, ac cording to his wishes Mussolini fired five cabinet ministers. Beginning in January, Mussolini continued to sug gest general war debt cancellation In Europe and presentation of a united debt cancellation front to the United TVe "Wish Our Jinny Friends and Customers A HAPPY PROSPEROUS Si 839 HIGH A SALUTE to QUALITY We Regard Our Constantly Growing List of Daily Users a Tribute to the Quality of Eugene Milk Producers Assn. Products. Safeguarding the Health of Eugene Lane county taxpayers, complying with city and federal ordinances, produce the milk and cream we distribute to you. Careful supervision of herds and equipment by the City Milk Inspector guarantees the purity of our products. Whether you use Grade A Pasteurized or Grado A Raw Milk from our creamery, you are assured of its quality and safely. Lot the flavor and cream line convinco you of its goodness. Sweet Cream Butter States. Italy paid Its December 1!S war debt installment to Washington. Russia On April 2, Stalin, ex-bomb thrower now boss of Russia's rosny millions, observed his 10th anniversary as gen oral . ecretary of the Communist party. On November IS, the 15th anniversary of the revolution was celebrsted as thousands of Hed soldiers pnrsded past Lenin's tomb In Moscow's Red Square. ' . The year marks the close of Russia's "five-year plun," which, although It has fallen short In msny lines, has laid the framework of a socialist order. Indicative was the dedication of the great Pnieprostroy dam on October 10. Built by American engineers, it Is the largest power project In the world and erentually will supply electricity to an area of 70,00 square miles with a population of 70,000.000. Despite Industrial progress, living conditions in Russia grew worse. South America Economic conditions In South Amer ican republics started off in 10112 with default of $S0O,OO0,OO0 In bonds owned by United States Investors, and grew worse as the year advanced. Revolutions, mostly arising from economic depression, flared in many countries. The most serious was in Brazil, continuing from early July un til October, closing the great coffee port of Santos. Chile, for 00 years a democratic republic, went socialistic after a bloodless revolt In June and since has hnd six revolt governments. New Service Laundry EUGENE MILK PKODTJCEKS' ASSO CIATION dairy products are rapidly gaining favor Tvith Eugene housewives. Our list of usors is constantly growing . . . one friend tells another of the quality Milk, Cream and Butter we sell. Grade A Pasteur ized Milk, Grade A Eaw Milk and Sweet Cream Butter from our dairy will please you. Resolve now to enjoy the satisfaction of these superior dairy products. You'll recognize the difference when yon n?e our butler. It's made of pure sweet cream, delivered to your home or store fresh each day. He sure you nsk for and receive Eugene Milk Producers' Association Sweet Cream Butter. Look for the Bed, "White and Bluo label with the scroll. Best Wishes to Our Many Friends and Patrons for HAPPY, PROSPEROUS NEW YEAR Eugene Milk Eugene Laundry In Operation 30 . Years In City William H. Ilodes established the Eugene Steam laundry 30 yeara ago and from a small beginning it has grown In that time to become one nf the leading plants nf the kind in the state. At the present time 40 per sons sro employed nt the plant and In delivery service and the five delivery trucks operate not only in every part of Eugene, but to numerous small towns in the county and as fsr as llarrisburg. In addition to the laundry, Mr. Hodes operstes the Bandbox Cleaners, a subsidiary, with modern machinery for cleaning clothing. The laundry Is also fully equipped with the most modern mschinery and ovory piece is Individually operated, either with an electric motor or air compression device. A deep well on the premises supplies all the water used at the lnundry. Mr. Hodes owns his own building, a large two-story brick structure, lo cated at the corner of Eighth avenue west and C'harnelton street. Mill, Elevator Co. Reports Good Year The Eugene Mill and Elevator company reports sales for the past Damp Wash Rough Dry Allprest . A laundry service for every family budget at the lowest prices in the history of modern laundering. Patronise These Stores for Our Dairy Products Sulker'e Grocery Jurjjen'e Grocery Groceteria Erlckaon'a Grocery Hanson's Grooery Deal's Service Station Solberg's Grocery Owl Emergency Store Moss Street Groeery Best's Groeery Gurney'a Groeery Scott's Groeery Lawrence St. Grocery Commerlcal Oldham's Cafa Fenwlek'a Cafa Hal'a Lunch Shorty's Lunch Pepper Pot Cafa Fish and Chips Producer's Ass'n year totaling nearly $200,000. Statistics gathered from the firm show 200 carloads of flour for the yearly production; 250 carloads of feeds of all kinds; 10 carloads of cer eals, including the grshams, wheat hearts, rolled oats and hot-cake flours; 400 tons of vetch in the seed business, in addition to rye and seed grains of all kinds. The plsnt has rnn every dsy the psst year, keeping 15 men employed throughout the year. The mill Is op erated by G. G. Ilushman and his two sons, Arthur nnd John Bushman, the three having bought In a little more than two years sgo. For many years Mr. Buahmsn opersted the old pioneer flour mill nt Springfield. The Eugene Mill and Elevator com pany haa the only complete steam pro cessing plant for barley In the valley. The mill has become known as the "place of continuous improvements." During the psst yenr the mill has put in a machine, for packing the 5 and 10-pound sacks; a machine for sew ing sacks, all bags In the mill being sowed by machinery now; a new, three-ton barley roll; a clipping ma chine for clipped oats; a scouring ma chine to polish cracked corn, and many other improvements. AUSTIN, Nev, Dec 31. (U.R1 In dians bave the right of franchise in Nevada, but do not consider it Impor tant. In this district, home of thou ssnds of Indians only 25 took the trouble to register and fewer than that voted. PHONE 825 Rlce'a Grocery Tlbbett'a Groeery Phil's Grocery Broadway Market Bray'a Grocery Willamette St. Market 6hlsler'a Grocery Palace Market Falrmount Groeery Hsstlng's Grocery Baker's Groeery Combe' Grocery George'i Servloa Station Users Includes Mill's Dairy Shorty's Cafa Campui Noodle Shop Eugene Hospital St. Elms Hotel We Extend Our Sincere Wishes To All For A Happy, Prosperous New Year Eugene Laundry 660 Ferry Street Phone 1105 178 West 8th Eugene
