Eugene register-guard. (Eugene, Or.) 1930-1983, May 13, 1962, Image 4

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Eugene register-guard., May 13, 1962, Image 4

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Newspaper Page TextPage 4A EUGENE REGISTER-GUARD, Sunday, May 13, lflfli Keas ngntening ceits AgainM0THEirs Dfly SpEciAL! By ENDRE MARTO.V Or th Alioclatrd Pr.M WASHINGTON It's loo early to say about 1962, but in formation just now available indicates that 1961 must have been a year of disappointment for the Marxist economic plan ners of most East European countries. The tempo of boom to use an expression that smacks of capitalism that characterized 1959 and 1960 in those coun tries changed in 1961 from rapid to slow. The Communists may imme diately retort that (1) the same was true for non-Communist Western Europe, and (2) their statistics still show a greater average rale of growth than those of the capitalist part of the continent. U. S. specialists would have no great quarrel with such an argument. The first, they say, is unquestionably true. They do have some reservations con cerning the second. Although the statistics for calendar 1961, officials said, were compiled by the United Nations Economic Commission for Europe (ECE), and are the latest and best available, they are based on data submitted by the Communist countries them selves and at least some of them were obviously concocted for propaganda purposes. Deceleration Clearly Shown Another reason for reserva tion is more scientific. The basic principles of statistics arc applied more loosely in the Communist countries than in the West. Therefore, Commu nist statistics of national in come or indexes of industrial and agricultural output are often useless for purposes of economic analysis or for mak ing comparisons between the Soviet bloc and the West. For (his second reason, U.S. economic experts are satisfied with ECE's handling of the statistics, which consists of comparative percentages only. These percentages, which ap pear on the accompanying map, clearly show the deceleration of economic growth In 1961, caused mainly by the debacle of agricultural production in what used to be central Eu rope's breadbasket. According to this labia only three nations nut of the eight ran boast of an increased growth in 1961: Poland, Ro mania, and Albania. Worth Some Explanation Agriculture was doubtless the major factor to the acceleration in Poland, the only Communist bloc country which has "decol lectivized" its farms. Romania, on the other hand, is the only country in the area which en joyed progress in industry and trade, mainly in nil. The favnr- POLAND oJ I 1 '59 '60 1961 EAST GERMANY . I ( '59 '60 1961 '"vv, ; CZECHOSLOVAK 1 '59 '60 1961 o Charts ifiow paruntag rtfn f growth in Groti Notional Product for bit Ihnt yaori i vHn ,. :-ir- oil, , , ALBANIA ! BULGARIA ROMANIA 2K- 254- 1 1- otLfi?t Ol-l 1 u 59 60 1961 1 W 60 1961 '59 '60 1961 I HUNGARY 25.- a :: f 0 J 1 v- '59 '60 1961 At Nrwifotwfi Communist Agricultural Output Country 1959 1960 1961 Albania 20 -7 22 Bulgaria 181 3.1 -24 Czechoslovakia -1.1 6 1 East Germany Not Avail. Not Avail. Not Avail. Hungary 6 -S -l Poland -1 S.4 10.2 Romania 21 1.1 0 Soviet Union Not Avail. 2.3 2 able figures in Albania are somewhat of a mystery consid ering the tiny "people's repub lic's" increasing Isolation with in the European Communist bloc. The real trouble in 1961 was in agriculture. The serious drought in most countries de pressed production in the first year of virtually complete col lectivization (except in Poland) throughout the region. While the "socialist sector" of agriculture, that is the arable land cultivated by collective Confidence Melts Away Stock Drop Worst In About 30 Years Union Steps On Agenda For Meeting FOREST (iROVK Steps toward creation of the Oregon Conference of the United Church of Christ will be taken next week at the 114th annual meeting of the Congregational Conference of Oregon. The United Church of Christ has been formed on the nation al level by merger of the Con gregational and the F.vangeliral i and Reformed churches. The three day meeting will, begin Monday afternoon at the First Congregational Church in Forest Grove. About 300 dele-1 gales will attend. j For the first time, delegates from the seven Oregon EAR churches will attend the meet ing. There are 49 Congrega tional churches In the state. The conference will vote on , a resolution that the Oregon i Conference of the United Church of Christ be created.1 Then a committee will write a constitution for the new body. ; NEW YORK Of) As confi dence continued to melt away, the stock market last week took its worst weekly loss in about 30 years. The comparison had to he approximate because weekly statistics on stockmarket moves were not kept at the Associated Press and Dow Jones & Co. Inc., prior to 1932. The Dow Jones industrial av erage fell 30.75 to 640.63. This put the Dow 94 26 below Its his toric high of 734 91 reached last Dec. 13. The Associated Press average of 60 stock fell 11 00 to 236 10. No weekly break in the past 30 years was larger than the de cline nf 9 40 in the week ended July 22. 1933, in the days of President Franklin D. Roose velt's New Deal. Averages Much Lower Without much doubt there were greater weekly declines In the black days of the 1929 de cline, both on a point basis and, much more so on a per centage basis, because the aver ages were much lower at that period of stock market history. It was the market's third straight weekly decline and stocks fell In spite of generally encouraging news about the economy. The continued retreat also flew In the phase of var ious technical signs used by professional security analysts to calculate probabilities in the market. Government Makes Forecast Of More Irrigation Water One experienced analyst, speaking off-the-cuff and not for direct attribution, said: "I'm a lost sheep. Technical indi cators are absolutely useless in this kind of market. This emo tional selling cannot be meas ured." The technical indicators, said this expert, gave the same kind of message two weeka ago that j they gave in the market hut-1 toms of September I960 and ; October 1957 but this lime the! market did not rally strongly as it did following those declines. As the week ended, the slock market had gone through six straight dally declines. Volume was 18.419.640 shares, compared with 19,370,710 the week before. Kennedy Policy Prominently mentioned as causing lack of confidence was President Kennedy's "non infla- ! tionary" policy, which some j Wall Strcetcrs feel gives labor j some benefits but deprives busi ness of increased prices to pay for them thus squeezing prof its. Nevertheless, general busi I ness news was quite good last w-eek. Many corporate reports showed improvement in earn- Ings. Itetail sales, rail freight ' carloadings and auto output were on the upbeat. Both corporate and U S. gov ernment bonds resumed their climb to higher price levels in sharp contrast with the severe 1 break of stock values. Corporate i volume reached a high for the year for the second week in a row. Trading totaled $33,783 000 par value, compared with $33, 243.000 the previous week. and state-owned farms, was only 13 per cent in Poland, it was between 86 per cent (in Bul garia) and 99 per cent (in the Soviet Union) elsewhere. The fact that only Poland and again Albania were the excep tions to the general picture of stagnation in agricultural pro duction might be a great satis faction to those who maintain that no indoctrination or pres sure can "persuade" the farmer to toil harder on the field which does not belong to him. (The table below the map accompanying this article shows the region's global output in agriculture, again in annual percentage rates of growth.) The Polish phenomenon is worth some explanation. Besides the human factor, the Polish farmer's obvious greater inter est in toiling on his private plot, the regime of Vladyslaw Gomul ka has recognized that it could secure a more stable growth concentrating on animal hus bandry, especially pork, poul try and egg production, while importing whatever the country needs in grain. A Note of Caution This, on the other hand, ex plains Poland's greater concern , about the common market. For ty per cent of Poland's exports go to the capitalist countries : and the common market's ex ternal tariff wall, protecting the agriculture of the six member nations, could have disastrous consequences to the economy of Poland. Diplomats of these two coun tries do not conceal their con cern. 1 hey hint that loss of their Western markets could force Poland to seek closer economic ties with Moscow. That such closer ties would also mean greater dependence on the Kremlin goes without say ing. ' Although the agricultural pic ture was and remains rather gloomy in the area in general, there is NO question of people going hungry, officials caution. There is enough to eat, but the quality of the products is ap pallingly low even in such a well favored agricultural coun try as Hungary. But while nobody is starving, there is and always has been since the Communist takeover in the late 1940s a frustrating lack of one commodity or an other: one day there are no eggs, another day butter disappears. SEATTLE I Federal gov ernment agencies forecast more Irrigation water for most farm ers in the Columbia River water shed, hut stream flow in West ern Washington rivers used for power generation W'lll be less than normal. A long succession of dry years east of the Cascades has "def initely been broken," the Soil Conservation Service said In Its Columbia River report. Water supplies in mosl rivers of Eastern Washington, Idaho and Western Washington were reportrd close to normal. The Yakima River was an excep tion, howecr. rated at 57 per rent. Inland reservoirs generally are well supplied with storage water from early runoffs While carryover storage may be be low normal at the end nf the irrigation season, it rsnnot drop , as low as it was last fall, thei Conservation Service said. The report en Western Wash-1 Weather Bureau. It estimated ! the May through - September I flow of the Skagit River, which provides Seattle most of its power, at 80 per cent of normal. The Cowlitz River is rated at 70 per cent and the Lewis River at 68 per cent. i President Praised NEW DELHI (.r. President Kennedy has sent a message congratulating Dr. Sarvepalli Radhakrishnan on his election as president of India, praising him as "an eminent statesman and an outstanding cultural leader." Church Dedication Monday at 7 p.m. The dedication of the Open j Bible Standard Church In lex- j ter will he held Monday at 7 p m. standard, 8 pm. daylight, j Saturday's Register Guard : church page erroneously report- j ed the dedication as Sunday. ' Commercial Mortgage Money OPPORTUNITY Kierutive Car '62 CROWN IMPERIAL MmoR mmTnr Full Power Kqulpmtnl SAVE!! ' - , I r5g I I K SM I I Long term take out Loans for HKFINtNTINO sr.vt Pi Rduin Sl.Vt CONSTRICTION CnnMntctlon fund ivilliMt from irroiinr! up Chrk our nw lnterrt r! on l tpt of t'ommr rem I l.on. Commerce Investment INC. :ss rm ism ni j-ns) BUY ONE AT REGULAR PRICE... MOM GETS HERS P ASSORTED P PIECES f Buy 1 for GET MOM'S FREE y : z-iv SUNDAY MAY 13th ONLY ON THE BELOW 7 ITEMS 87( n nil :;i ram y mi U - BEAUTIFUL ASSORTED BOXED Stationery 4 00 Buy the I firsf box for I P GET MOM'S FREE BEACH TOWELS I98 GIANT SIZE DECORATED BUY 1st ONE FOR GET MOM'S FREE Breezaway Luggage 995 CHOICE OF 3 POPULAR SIZES ONLY GET MOM'S FREE EVERSHARP n PEN & PENCIL SET no 3 BUY THE FIRST ONE FOR GET MOM'S FREE CHINA Cup & Saucer GET MOM'S FREE 31 APOLLO KEY WOUND ALARM Buy one at 4 EGET MOM'S FREE SALE DATES FOR BELOW ITEMS SUN.-MON.-TUES. MAY 13-14-15 SOME ITEMS IN LIMITED QUANTITY it n ii IsllHs.'li-HiMVJnM'.'j.'l 7 POPS Pu7 THE FROZEN SUCKER MOLD Ll fcw WITH REMOVABLE CUPS IF Vm CJ YOU DRINK IT YOU CAN t" r7J FREEZE IT CREST REG. 83e TOOTHPASTE . HALO REG. 1.19 SHAMPOO ROLAIDS REG. 15e MINTS I BAYER 7 100 CT . . 53c BAMBOO BLINDS 3x6 FOOT 79c 4x6 FOOT 1.15 6x6 FOOT 1.69 8x6 FOOT 2.29 10x6 FOOT 2.89 12x6 FOOT 3.69 SUNDAY ONLY QCAVTITII-S MMITKB WHILE TIIKY LAST CARNATION MILK 8 Qt. 52c HUNT'S TOMATO JUICE 19c AJAX LIQUID CLEANSER 19c PALMOLIVE BATH SOAP 425c INSTANT NESTEA 39c NABISCO VANILLA WAFERS 27c WIZARD ROOM DEODORANT 47c i ii i iiiiiiiii"iiiiiiiiii-ii i i n I G.E. 8 TRANSISTOR JTV-Utv FLATFISH OO 50 FOOT aThbaits 19C 12 INCH VINYL y& FLASHBAITS 17 HOSE ISSb21' - 10-Yr. Guarantee Iw J COFFEE Laj vyUU Re9- 4 25 "J MUGS I Hanging W TISSUE l 49.87 77.00 LIST. CROSSCOUNTRY RADIO ALUM. LAWN CHAIRS 3.77 CHIC HOME VIBRATOR 3.97 CHARCOAL BRIQUETS 67c K0DAC0L0R FILM - 77c 6,x15f BAMBOO FENCE 19? k !,FT- JJTTJr.Ti RESERVED! CHILDREN'S SHORTS or CAPRIS lOOOo COTTON. SIZES 3X TO 6X AND 6 TO 14. REG. 99c. SALE PRICED AT ONLY 6p rvjRfi;.juiniiiunvysi;Nilni;jUs,n',jin'jiHi CANVAS SHOES SLIPONS OR TIES LARGE COLOR SELECTION I SIZES 4 TO 10. REG. 2.49 w r ii, i 1 1.77 SSSiii