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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Dec. 19, 1955)
Ptge 19 Section 1 o o 6 THE CPirl JOy?lNAL If , Stlem, Qfygon, Monday fcyr$cr 19, 1955 OlWoodburiioGrange Q Has Dinner l'arty WOODfijRN Social mecClig o( Wot0urnrang s8hd Thursday at the Program in cos 54 I 2 vi 81 J4 " Surge Brings Topo Business Year Wheat Under the Big Top 1956 Appears (iood if Not Heller " Br L.A. BROPI1Y NEW YORK I. The business boom broke scene like a 1955. There seems little doubt I peeled to reach 44 billions, some aSowo "ons more than in 1955. r ai ill -11 iic-i big cA--c-.i--a w continue to tall. The way retail dealers are beef ing aboill inventories of new auto mobiles indicates a possible slow down in that field, but sustained consumer spending and increased " It up the slack. seems little doubt 'act. one set of.private econ- that the massive economic forces omists. those of the Prudential In set in motion will bring the same surance Co., predict that the gross good times, or even better, in national product (the value of all ci-j) goods and services) in 1956 will The momentum to achieve this "st IS billion dollars over the rec exRts in the economy now. Some;ord achieved in 1955. j lie pai tern oi Dusiness lor ly .to is roughly seen -as this: Better than 1955 for the first six months. A gradual slackening in the last six months, but year's end should tally up a higher score than 1955, due to the big gains of the first six months. The year 1955 was a whopper. Gross national product at the end of the year was right around the 400-billion mark. The last peak in the nation's economy was set in 1953. the greatest boom year up to that time. Gross national product was 365 billions in thai year. Last year it was 360 billions: so it rose some 40 billions in 1955 as compared to 19. Kmployment was the greatest in f few areas of business may not & quite keep up the tremendous l? ! pace, but it is expected that the ; force of the complete economy will JC' bring the overall record in 1956 up ftp to or beyond that of 1955. Y People remain in a mood to buy. J j Business will spend more in the fx new year than in the old to buy Yi ' the new plants to satisfy this de- mflnH fnvprnm'nl likplv will in. crease its ourpourings of money for goods and services. Those are the factors that make for prosperity. Business entered 1955 on an up swing from the 1953-54 recession. The forward surge grew and the year ended with the economy on a peak never before attained in the history of the nation. ft is the rhythm of this contin uous forward movement that in dicates another great boom year in 1956. For instance, -steel, basic industry, is working at maximum capacity now and finding it diffi cult to meet the demand for its products. Prospects assure the con tinuation of such a pace at least for the first three months of the year. Such Is the case in many of the other key industries. There may be ripples in the rhythm in the coming year. Home building may falter some, although total construction outlays are ex- included grou? singing of jfls caroli, several skitt tume, luncheon and dancing. Sev eral visis were present. Satuiay memb - th -hall for ham dinftrJt tte hall e with families as guests. Christ- mas (tree program was presented iolh gift exchnf0 Mi - cannon wafcio $.-) 0 WalterWatkins Funeral Held JEFFERSON Funeral serv ices for Ihc late Walter Watkins was held in the Jefferson Chris tian church last week. With Rev. Mcllvcnna of Salem, Mcr vin McGiil and Vern Gomez offi ciating at the service. Burial was in the Jefferson cemetery. He was the son of Dennis and Jemima Burch Watkins and was hcrn March 29, 1883, on the old family home on the Greens Bridge road, where he spent his enure inc. He was married to Tessa Hale August 22, 1MB, at Kings Valley, who survives him. He was a re tired farmer and a member of the Jefferson Christian church. Surviving are his widow, a daughter, Mrs. Edwin Swartz of Jefferson: sister, Mrs. Virgil Weddle of Jefferson: niece, Mrs. Harold Logsdon of Klamath Falls. One brother and one sis ter preceeded him in death. if K if I s 51 is 551 ft & w H O -n y o x l l 2 2 iC fi, x s a g S a S S IS i Is r O " So' y23 is Shopping Tour for Children Dale Dorn, president of the Salem Jaycces, said his organization is one of the many Junior Chambers of Commerce which will sponsor i in; viii i-iiuna aiiuiiuix linn inr . orphans and underprivileged chil- dren this year. T According to the president, the public will be asked to donate small it sums of money to provide a fund. Then, shortly before Christmas. Jaycee members will escort the children on a shopping tour in groups of four or five. "in this way we will give Ihc underprivileged children Ihe great est gift of Christmas that of them- it i selves being ahlc to give. The chil T j dren can purchase gifts for whom yft i ever they please." J. The Jaycces slate that "one hun VI, dred per cent of the amount do Jd nated will be spent by the cliil r. dren, under Jaycee supervision. SiK I There -will be no administrative J, costs involved in this program." T The last day of the fund-raising vft campaign will be Thursday. De Ji comber 22. Anyone wishing to do T nate to the project should send his V ' contribution to Salem Junior Cham 5 1 ;ber of Commerce. Box 109, Salem. ivw vr i irers (.uidiiig Troop The newly-elected officers of the ninth grade U-oop of St. Joseph's Pnrilh nritciHorl nem. - r.,n.l.nn held Friday night at the home of New ollicers are Ginger Rilev. president: Peggy DeJardin. vice president; Joan Weigel. secretary: Painria I'nrein. treasurer: Juilv XieUon. reporter and historian. (Wiors present were Acnes lliseh o!f. Mieila Caldwell, .Iwlv Woodrv Hoberta Schlaceter. K a I h 1 e e n Snnok. Susan llamstrcet. Jean r.vans antl ratncia Vailwallader, i ne irmip nuefl a basket for a nc-idy family. Plans also were mane in on r-pnKi,H n ir -..niim IT-Vlll- I Der a. aue r which thev will have Vu fl Chnitmss r,rty al (he hoIr)e o( - I jwmn r, ns. c 1 Ks71ru,,;p,,:"nr:.ccm,!' d ,'. ! - Yf DAJ.LAS WOMAN Vl.Kt'TKD DAI.I.AS-Alra. Robert Blinker was elected state s O jj Women's State An u J Oregon Asaiiciation n seerelary o( Ihe Auxiliary ol ihe o( tlliromai'. tic Physicians at a meeting m iPorrlmd Uec. 810. Dr. Bnnker 'was s4irn!llig Ihe 49th annual stale rnnvpnl inn nf Iha O-'-nn liuvi. IIUAwV -. -vf -f-- ' ur --JS i'"ii "i .iiini'iniiis; i ii.vi-ii. ifiii- ml O ir-sir,-3H,r;v I the Benson hotel In Portland. o &3 O O o o o history. Auto production hit eight i lions, greatest since 1950, when million passenger cars, steel 116 million tons. Corporations earned 42 billions before taxes, a new'rec ord. After taxes, they had 22 bil- taxes were not so high. It was a record of sustained eco nomic activity never before reached. ST. JOSEPH, Mo. -Surplus wheat stored in tents five miles south of here form a circus-like pattern. Each tent holds about one million bushels. Tent at left is being filled from the center outward by means of a ramp elevator. When tent is filled hug zippers which form lines seen on tents are sealed for protection against the weather. (AP Photofax) CHRISTMAS TOY . CLQSEOUT! 4 ENTIRE TOY STOCK MARKED DOWN 2S AT BOTH 236 N. COM! ST. 141 ALICE AVE. GEORGE E. OEORGE t (AUEjjijgES .LEN STORES DOWNTOWN CANDALARIA f(est Trimmings to brighten his Christmas HARROW- from i , it - Shop Evenings Until 9 p. m. Now 'Til Christmas 'II welcome whatever you give him ...as long as it's ARROW for Christmas Give him a present with a good-looking future-Arrow Shirts, Sport Shirts, Ties, Handkerchiefs, Underwear. All distinguished by famous Arrow tailoring that makes Arrow first in fashion . . . first choice as a Christmas gift. Sec our selection today. Salem's largest Arrow Shirt stock. Shirt sizes 13'j to 20, sleeves 31 to 36. Ai-i-rww liii-lc tne world's smartest new collar IIUW OU11 l styics. -sanforized" (R). Arrow Fancy Shirls in neat -looking smart new colors, collar styles, patterns. Arrow Sport Shirls LrictX86 hishs,yle l.,,,hW l1,.,,. made to drape smoothly: resist -4I10V 1 Its wrinkles in new designs. Arrow lf-iiiflL-prfilif-fa des'Rned in biK mm-size; YIIOW IiailUKtltllltlS white, border, initial styles Arrow Uiulerwear" s,5led for alUround 3.93 5.93 5.00 1.50 1.00 1.50 up up up if'i t(W ct... . - l-.V i:-,H"V -r J 1 S . Vm-:!: oo: o O C $ o o 0 uo n o 0 o Go o ooG on o o rV 0 0 iri a gift certificate for any selection from $1.00 la ikf Fritndty'Capifdl ShMpiitfl Cwtw WktfiThWf UU fr!FAlttW6l ( 0 0 G &3 tem'iftq to Ask TV TICKETS 0 r1) 0 d3 0 o
