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