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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (April 9, 1957)
Page 10 Section 2 THE CAPITAL JOURNAE Salem, Oregon, Tuesday, April 9, 1957 Tight Money Pinches Lumber Trades With Big Drop in New Housing Starts By WILLIAM DEAN Tight money. tney were tola mat mere are as; meant mat the value ol me pro- Eugene Regijler-Guard in the year since these two ma"y ramifications to what is go- j duct had been squeezed down so ci ail wriirr u.nr,i iirt nnw intn nuhlip use ing on in the housing business as close to the cost of timber that EUGENE ifi Look around they have been blamed for every-1" and saw has teeth. , there was little left m between for JI Bohlen Leaves Russian Post , For New Job your own neighborhood. Probably, thing but the common cold. yju II lino someone wnn i uui ui work, or is getting only a short shift, or who's business isn't quite as good as he thinks it should be. It may be you. There are a number of reasons fnr this but ask most any lum Each of these ramifications has, logging and milling costs, let alone some effect on home construction profit. In 1955 home building was at an The result was a general cutback all-time high of 1 350,000 starts. j production during 1956, and pro- l.uiiiui-1 iiikii iuuiuii ac-iu w aaus- naDlv during most nf 1057. ' his Many Ramifications In the last two weeks, lumber nrnHtirers have been setting a con centrated lesson in what the two- fy the demand for forest products, words encompasses. At a meeting Mortgage credit was free and easy nf I he Western Forest Industries In fact it was too free and easy. ber producer or seller, real on-! Assn. in Vancouver, B., C, and i The ederal Reserve Board, keep-; j,ac a prelly ean time of jt tale man or builder, and he'll give another meeung ot me west toast "us cyo m, oi we, j (h n h It to you in two words: I Lumbermen's Assn. In Portland economy -JZJjiTJU able to "often the T shock ii tu ,i,., ...i. ii. individual employes by working is why you probably can find someone in your neighborhood, perhaps even yourself, who has The Lowest Price Ever Advertised In Salem on This 40" 1956 General Electric Range NOW $ ONLY 52.00 Per Wk. j 0)jj -; NO MONEY DOWN! GREEN STAMPS MUSTEK , 365 N. COMMERCIAL 8ALEM8 OLDEST SAI.F.MS LARGEST FRANCIIISED DEALER APPLIANCE DISPLAY OPEN WON. & FRI. NITE TILL 9 P.M. trols. The board, through its re gional banks, began charging more shifts on alternate weeks giving S. Ambassador Had Deepest Respect Of Soviets for the money it loaned to mem ber banks. It became less easy for homebuiidcrs to get credit and financing. Shift to More Expensive At the same time, the Industry each man one week of work out 'of him By ROY ESSOYAN MOSCOW lifl Through four years, Ambassador Charles E. Bohlen has served as the eyes and ears of the United States in the world's most trying diplomatic post. Even the Russians respect him, but now that he is leaving, they may well be glad to be rid "What we most respect about Ambassador BohVin," a Russian official once grudgingly admitted, is that he never panics, even of every two or so or by cut ting back from five to four day weeks. ' The nicture is not all hle.-ik. There are some encouraging signs when things are touchy, and as for the near future despite pre-! for repartee, he gives Nikita Ser- llsnlf annarentlv underwent addictions that house construction geivich (Khrushchev) a run lor rhaimp Thero uin shift frnm starts this vear will be down i his money." many relatively low-cost units to around one million or even less. The U. S. State Department's fewer, more expensive houses. ! Almost everyone says there will l"P Russian expert is going to Early in 1956, lumber and ply- 00 a 8rca' year dawning about 1 Manila, to be U. S. Ambassador . . .....! ttiin ten 1 In Ilia Philirtninae drill, ac ha m! wooa producers watenca housing 1JJO oi JJ- starts slide oil tneir peak. Fewer than 1,100,000 new houses were started that year. Lumber demand skidded down ward almost in pace with the new starts. By the beginning of 1957 the monthly lumber , production rate was 7 to 10 per cent below Ihe five-year average. Western producers scrambled to hold their markets and to develop new ones to cushion the drop. More serious for most Western Bakery Union Trial Slated By AFL-CIO to the Philippines, with, as he put it, no complaints, no squawks. Would Like to Stay But his friends say he would have liked to stay on and watch the Russian scene a little longer. The Soviet Union has been lik ened to a jigsaw puzzle perched on a powder keg. In such a sit uation it's the stray pieces that count, and the eye to catch them. Bohlen, 53, has gained a repu tation as the ambassador in Mos- WASIIlWflTnM Ijn- Tl, AVI. .. :.u ..- , . , i , rt m:n ..,.. (u i j .. .... f, u- cuW Willi ine uebi uaiKKiuunu, uie "nTmUt'BSS.-TSi0'0 ElhiCal P"clis Committee deepest knowledge of his sub dicker, Monday set May 7 as the date for l?ct. the most fluency m the Rus- Rv miH.M.-irrh 11157 whon In. , a hn.-irino Inln xnrrnnfinn fharnoc luiiguosc. 1957, dustry market analysists finally began to see a consistent upward flicker in western lumber prices and demand, the average of all Ihe Northwest's major species was $13.19 below the same period last year. Plywood was correspond ingly lower-priced. The average for green fir lumber, Western Ore gon's mainstay, was down an even $14. No Profit Left In many cases, these prices 41st. Annlvorsary SALE reg. 2.95 IMPORTED FIGURINES LOVELY 41'.. Glen Woodry's 1605 N. Summer involving officials of the Bakery Workers Union if the officials want such a hearing. Curtis R. Sims, secretary-secretary of the 100,000-mcmbcr union, has charged James G. Cross, pres ident, and George Stuart, resigned vice president, with misconduct in office in respect to handling union funds. The Ethical Practices Com mittee previously has voted an in vestigation. The committee has served sim ilar notice of a hearing on the Teamsters Union for May 6. Neith er the Teamsters nor the Bakers have so far informed the com mittee whether they want the hearings, which are optional with .the accused parties. Both unions arc accused under a section of the AFL-CIO consti tution which says that unions af filiated with the AFL-CIO found to be substantially dominated by corrupt influences should be oust ed from the federation. The Team sters are the largest AFL-CIO at' filiato with 1,350,000 members. Khrushchev and the other So viet leaders will have reason to remember the easy-going, almost languid wit often displayed by the slim, athletic-looking diplomat. At a French Embassy recep tion Khrushchev, with his usual ponderous humor, teased Marshal ucorgi Zhukov lor eating with such gusto. "What do you expect?" quipped Bohlen. "You've just whacked his defense budget. Of course he's hungry." Soviet leaders often sought out Bohlen at receptions and engaged him in long, serious conversations which probably gave him a more intimate understanding of the So viet leadership personality than any other Western diplomat has. "Chip knows you cannot win their confidence or liking," one of his intimates says, "but he also knows you cannot deal with them unless you have their respect." No successor, regardless of abil ity, can easily assume the position Bohlen maintained among his fel low diplomats and in his relations with the Kremlin. chosen to paco the 1957 Indianapolis classie at any-time, on any car, than right now, on M ERCURY 57 Right now, with new car production and deliveries at their peak, your Mercury dealer is trading high on his year's largest inventory operating on a high volume, low margin basis. This, plus the obvious fact that your trade-in car is now at its top value, means that now it the lime to buy your Mercury57 at the lowest net price deal of the year. And this is Mercury57 the car whose exciting design, whose ad vanced features, bigger size, new power and performance are the talk of Auto Rowl Right now, today, is the time of the year to make the buy of the year oo the ear of the year Mercury57 for less money than joo thought possible. See for yourself. We invite comparison! Contrast Mercury57 with anything In Its field, for instance Car "B and Car "O". Size? Mercury is inches longer and wider, inside and out. Power? Mercury gives you more horsepower per pound and a full choioa of engines. Features? Only Mercury57 offers Keyboard Control, Floating Ride, Thermo matic Carburetor, optional dual headlights. All proof that Mercury is 1957'$ most-for-tbe-moneycar.: McKinney-LincoIn-Mercury; Inc. 430 North Commerclpl Street Holmes Signs Child-Support Collection Bill Gov. Robert D. Holmes signed a bill Monday which gives the at torney general authority to con tinue collection of child-support money from runaway fathers. The bill, HB 608, gives perma nent legal status to the temporary law, passed in 1955, through which many thousands of dollars were recovered from fathers who had neglected financial support of their children. The bill also provides $25,000 from the general fund for ad ministration of the law from April 1, when the temporary law ex pired, to July 1. Another bill lias been introduced to provide the money to carry on the work during the next bien-nium. Georgia Community President Denies Communist Accusations AMERICUS, Ga. M-The presi dent of Koinonia Farm says that members of the troubled biracial community have no connection with the Communist party, are not responsible for any violence, and will remain in southwest Georgia regardless of what happens. Norman Long, president of the 1,100-acre establishment, said last night in a prepared statement that: "These are our homes. We shall not leave them. If those who seek to drive us out are so determined that the choice is to leave or die, then we shall have to die." Koinonia has been the scene of bombings, shootings and burnings in the past few months and is the object of a growing economic boy cott. "Even if we are attacked we will not retaliate," said Long. I "We understand the deep differ 'ences that divide us from many I of our neighbors, but we believe Ithat love and understanding can j surmount these differences." I Long denied charges by a Sum ter County grand jury last Friday 'that the white-and-Negro commu nity had "close friends among known Communists" and that the violence might have been perpe trated from the inside to create sympathy and attract financial aid. "No person at Koinonia has now or' has ever had any affiliation with the Communist party," he said. Long also said, "We emphatic ally deny participation in this vio lence . . . They (the grand jury) have produced no positive evi dence to implicate anyone at Koi nonia in these events." The grand jury did not return any indictment against any offi cial or resident of the farm. Nor was any prosecution directly pro posed. The farm was established 15 years ago as a religious colony and at present about 45 white and 15 Negro men, women and chil dren work and live there. Yesterday 23 white Georgia min isters made public a letter stating that "Koinonia farm is a Christian community" and "We pray that God's truth and Christ's redeem ing love may be revealed in this present crisis in Sumter County," PONIES TOO POPULAR TOLEDO, Ohio Ifll Pony rides are being discontinued at the Toledo Zoo. Crowds run 8,000 to 10,000 a day and the five Shet lands just can't accommodate all the children who want to ridi them. And, too, says Zoo Director Phil Skeldon, the poines get such a workout that their appetites would do credit to draft horses. I ''t I the wofi Thisis QSs. the place This is the welcoming sign You can trust this man and the products he sells for the best care of your car. That's why he recom mends "Flying A" Ethyl gasoline for more drive in every gallon ...Veedol 10-30, the all-season motor oil that can add up to 40 miles of driving to every tankful of "Flying A" Ethyl. His service, like his prod ucts, tell you every time . . tj TIDEWATER OIL COMPANY IAN FRANCI3CO HOUSTON. TULSA NEW YORK You're in good hands at the sign of the "Flying A' f