Sherman County journal., July 16, 1937, Page 4, Image 4

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F R ID A V , J U L Y Ifi, I W
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R eq u ired for Tull R ecovery
By HAROLD G. MQULTON
ft-—wfent. TA« Brookings Institution
The recovery movement between
W A S H IN G TO N —Recovery to the
United States has gone far, but U 1934 and 1936 was thus soundly
pas been marked by two striking based. ' Production was steadily
characteristics — slowness of the mountlnr. purchasing power was be-
gains In the durable goods Industries fug spread broadly a m o n g t h e
and the persistence of a great vol­ masses, speculation was not exces­
ume of unemployment At the sive. business-men bad not stocked
Brookings Institutiou, we have mirte up with heavy supplies of goods.
a comprehensive analysis of t'.ie u.;J the general balance between
American situation which Included production and consumption was
« detailed study of the production satisfactory.
At the end of 1936. therefore, the
requirements for full recovery. The
production task ahead—If standards stage seemed set for a period of
oi
w* be
«« »«—
« • -- even
- ........ to
- great expansion. Production require*
of uviu*
living are to
restored
their former level—is found to be - ments were adequate to absorb all
" “
"
the unemployed. The r e c o v e r y
as follows:
J. To make good the actual de­ movement was steadily broadening;
terioration of plant and equipment the economic system as a w’hole was
in reasonably good balance, and at
sustained during the depression.
same time the possibility of the
t. To increase productive capital the
government balancing its budget ap­
(a line icifh ike growth of popula­
peared somewhat brighter.
tion.
Further Expansion Threatened
J. To expand the output of con
In recent months, particularly
sumption goods in accordance with
since February, the situation has
this growth of population.
The study w i made under a grant changed in one vitally important
from the Falk foundation of Pitts­ respect. Rapid Increases In raw ma­
burgh. In i t we sought to estimate terial prices and In wages have laid
“ R e a l ” H o u r l y E a r n in g » in M a n u f a c t u r i n g , 1 9 2 0 - 3 6
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\ a
INDEX NUMBERS
-----1«
-----L
— r—
DST OF LIVI NG
t
1
/
f-
h
V
- T
A
—
»
rf-
“
A -
<CR' kge hourly EX kRNINGi
N IANUFACTURING
...
Ñ
fo r K la m ath F a lls recently to re« re tu rn in g Sunday.
: «, °h n M cClure home.
a
, ly estimates a t only 51% o f the
m ain d u ring the sum m er has re
W a lte r H ilderbrand o f Sunnyside
M r. and Mrs George banvoom long tim e average. The condition
> turned to this lo w e r altitu d e.
visited here S aturday. The fa m ily le ft Wednesday f o f £ m p o ria , K»n.- o f w t t e r w h e<t mgs placed a t
“
------
- ¡M rs . E th el Price,
niece o f M r .. 191%; 4'htt^bvMcatod the smallest
C linton Brock arriv ed fro m T w in is. m oving to The
D alles.
______
to Lam born’a , v i a i t i n g j ^ J i e r e crop since 1 M 9 , probably less than
F all«, Id a . fo r a tw o wheks v isit r N o rm a
Feldm an
returned
w ith relatives.
Wasco la st week end w ith h er sis- accompanied them.
M r. and M rs. H o w ard Spencer
D elb ert Bales)
is home fro m te r and husband ot Portland.
HUDSON ' PONTIAC
TERRAPLANE
P ortland where he had been w ith « M aym e Morhouse o f The D a l- visited friends in The Dalles M on­
his parents w h ile recovering fro m les visited the la tte r p art of
day.
Portland the broken arm he received w hen week
the home of her son ftnd
M r. and M rs . J eff W ilson o f PETERSON" MOTOR CO.
Charles Siscel le ft fo r
receiving the
U s T T e e k to attend the wedding he fe l‘
h,S
She a t- The Dalles w ere
217 E. THIRD ST.
•
services of hi» younger »on.
At
F
> ‘„ed into tended a fa m ily reunion a t N e w . sym pathy o f friends this w eek fol
THE DALLES. OREGON
lowing the death o f th e ir 10 year
« £
X i . " d
" •
old $on Jerrold. H e had been ill
Uaagual Vahes la Used Can
fo r a number of months w ith a
c~ “ —
- S M
y r S Z
■ % » • »
heart ailm ent.
* 28 T< Select From
M r. and M rs. J. R. McGinnis was
Chester Venable is v is itin g a t companied by M r.s Hudson W h ite
lllW J were
™ w hold
...... Wed
Fun eral TO
serivees
united in m a rria g e to Teddy Sis-
Chester Venable r
the E v e re tt W a tkin s home.
motored to P o rtla n d
Wednesday nes<ja y afternoon a t the C ra n d a ll-.
at 4th & Union
cel.
.
H elen Thom psoif iM w o rkin g a t "»d M r8 Hudson W h ite brought B ird Chapel w ith the Rev. Fritfkl
L a fe Barzee o f P o rtland is here the Sid Johnson home.
*
! her ®°n’ Kem P “ ° 1Pe
fro m the Cunningham officiating. In te rm e ta t, TELEPHONE
,2 0
to w o rk fo r ” Cecil Fields d u rin g
M r. and M rs. E d Thomas came Doernbecker hospital.
, in the Wasco cem etery follow ed.I
f-
M rs - O rville Downie and dau g h -j
Surviving the hoy besides His
h,Mr£t CUu<i Eaton and »one, B il- nome fro m Portland Saturday a af-
"ter
v u isitin
g . Then-
th e ir M
daughter,
abel. te r arriv ed fro m C a lifo rn ia S a v -,parentg are one brother, Donald,! When Your Shoes need repan
.
.
. «-» i m-
*«“ <
Ka>i4-tv.n
iiv n ta r M
[Vianel.
ly and E d w in o f Hood R iv e r are O rv ille Yocum and w ife drove to orday to v isit relaitBUL bars fo r two g,.ar^4parents, B jo y lB e lA ^ *» '
send them to
staying w ith
her fa th e r
J . N . D ayville
Sunday to
bring heri a montb.
j \Vasco, M rs. Maude Fu h rm an , of
Stevenson w h ile her m other is at
M r. and M rs. P earl E v e re tt o f-B u rn s and an uncle, Leroy Belshee
brother, H a rle y M eier home w ith
Seaside.
*>-'
K
la
m a th Falls w ere here Sunday, i M rs. W ilson fo rm e rly lived here.
M rs. H elen L aid law , sister o f them fo r a visit.
M r. and M rs.' K . J. K is tn e r and
GOOD SHOE
R E P A IR IN G
M r. and M rs. W ra. Barzee of
M rs. H a r r y V a n G ild e r is v isitin g P ortland are here fo r a visit w ith i children o f Portland visited f r o m '
Drouth and high tem peratures
Hero©», St.
s • .T H E P A b l.F S
here.
th e ir son, A rt.
**
i S aturday u n til Tuesday ^of this caused fu rth e r deterioration In Can
M r. and M rs. H aro ld Bowles and
H a z e l ’ and Donald Sanford o f, week w ith his b ro th er T
tw o children and M rs. Bowles’ R a in ie r arrived Sunday to visit.
| n ®r. The tw o fam ilies spen
m other o f Santa M a ria , Cal. are
A la rg e crowd Assembled Sun«1 day a t D u fu r where they
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v is itin g a t t h e G . C. Andrews home d a y a t the W ilson p ark grounds the Standard O il picnic.
iously affected. T h e condition o f
Rev. Connell and w ife
were when the B ig lo w ra n d E m ig ra n t; _ M r. and M rs. L . Robinson o f The spring w heat in the -prairie p»o-
-----------------------------------------------
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i™ i
hosts F rid a y evening a t the M e th ­
Dalles were guests Sunday a t the yjnees a t firs t o f J u ly was off yger
schools
gave
a
picnic.
odist parsonage.
In ivted guests
D a rre l M cQ u illen , James O ’M e ­
included the high school girts.
A Sunday school picnic was held a ra and H aro ld W h ite le ft S atu r-
d ayfo r a fishing tr ip to E ast l^ake
a t ' DeMoss p a rk Sunday and 26
children and adults were present.
IMr. and M rs. Louis Lorangel
of K lic k ita t visited M r. and M rs
E. C. Thomas and fa m ily Tuesday
L
and Wednesday.
LAW YER
M rs. Ed Moon and Qgorge were
in Portland M onday and M a rg a re t
MORO J
W ASCO
returned home w ith them.
M rs. G ertrude Pepper who le ft
Charles Siscel
A
Attends Wedding
Of His Son
WERNM ARK’S
04
“C a te r p illa r
O w n ers*
sire s a y in g
T. Lester* Johnson
1 ■*;
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: A L L . ------- G ranite w are
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•
z G a so lin e and K erosene Lam ps
■
—
See
k
us for Sodium Chlorate and Atlacide
:
T u b s and W ashboards
• ■
P ots 9 K ettles and Pans
,
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> -----
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•
r
r
f -
<*- •
®
—-
-—-—-
» I.
.h .H illustrates the Impressment« In "real" hourly earulnga
• r manufacturing workers that took place from 1919 to 1937. Earning«
moved upward, while the cost of living went down, making It possible
for werkers to buy more fer their money. This is particularly n o t i c e a b l e
a. «ad*isssreir period since 1933. It should be kept i n m i n d , however,
that the average number of bears worked hue been substantially re«
dared tn r r r t r l year«. On the ether hand, the baying power ef the een-
dollar lum hsereaeed somewhat mere than Is Indicated because
ef Improvement la the quality af goods and services used in the
cest-ef-Iivlng Index
how great an Increase In output the basis for an old-time vicious
would ho required to restore by 1941 spiral of inflation. While the particu­
a per eoptfa level of producción and lar labor groups who receive higher
consumption equal to that of 1929. wages may stand to gain for a time,
The results of the survey of the and while the industries in question
situation in the fields of housing and may temporarily pats on higher
other Conns of durable goods, steam costs to consumers, further broad
railroads, public utilities, industrial expansion of business activity ap­
edtsrprlses, etc., are striking. It pears to be threatened.
The advance in the prices of such
would he necessary to produce such
durable goods at the rate of spproxi- basic products as Iron and steel and
mhtely 33 billion dollars annually other metals, building materials,
fro m lM 7 through 1141. as compared etc., may hamper expansion of pro­
with actual production of only 21 duction in certain very Important
[lions In 1928. and of 25 billions lines. Only recently have the rail­
nnally in the boom period between roads gotten Into a financial shape
that would permit them to spend
1925 aad 1929.
In other words, to make up for much money on new equipment and
what It did not produce In depres­ the building of-better roadbed and
sion years, and to provide for the track. Now, with the price of steel
needs of an expanding population, rising, and with wage increases also
the nation would have to produce an­ In prospect, It Is doubtful whether
nually 90 per cent more durable the railroads will be able to carry
goods than In 1936. Three times as out the extensive programs of re­
much housing construction would be habilitation which they h a v e
necessary. In the field of non-dur- planned. Similarly, the building of
able. consumption goods which are new houses, apartments, etc., may be
such things as food, clothes, and held back by the rising prices of
amusements, such a large expansion building materials. If this turns out
to be the case, it will check the
would not he needed.
employment of idle workers, and
Labor Shortage Might Result
the attainment of the higher stand­
The production program required ards of living which are so greatly
In the held of durable goods would desired.
Large sections of the population
necessitate — at present working
hours— the employment of from 8 to would soon suffer <s_a result of a
rapid rise In prices. Among them are
9 million additional laborers. Mak
farmers who do not work for wages,
lag allowance for additional workers
individuals on fixed salaries; and
needed to produce consumption
those living on Incomes from invest­
goods. It appears certain that unless
ments. These constitute more than
working hours were lengthened,
half the- total population. Perhaps
there would he shortages of both the most serious phase of the prob­
skilled and uaskllled labor.
lem Is the possibility of a new dis­
8 Ince standards of living cannot
parity between Industrial and agri­
he restored to former levels unless cultural prices which may result If
productive output Is restored, any
wages force industrisl prices up­
further shortening of the working ward.
week will restrain the expansion of
Stimulation Only Temporary
output and thus restrict the raising
The adverse effects upon produc­
of standards of living. It should he
borne In mind that working hours tion may be considerably delayed,
have been reduced since 1929 by ap­ because a rise in prices usual­
proximately >0 per cent as com­ ly stimulates business for the time
pared with only I f per cent in the being. With prices going up busi­
ness men and others hasten to place
preceding 8» years.
The present recovery movement orders and buy extra quantities in
has been marked by steadily In­ order to be ahead of the price ad­
creasing wage rates as compared vance. This speeds up business ac­
with prices, and this has Increased tivity and for a time Increases the
«purchasing power among the mass­ demand for labor. Such expansion of
es. The employment of more work- demand In tarn serves to Increase
.ere as production has expanded has the demand tor products and to raise
increased the flow of money to the prices the more rapidly. In due
working population; and at the course, however, price relationships
same time those already employed are so disturbed that certain groups
have been able to bny more with of people lose purchasing power.
their wages. Daring the same pe­ This, In turn, sets In motion forces
whtch tend to reduce prosperity.
riod. profits have been greatly 1
Fortunately, the dangers Inherent
creased from low depression levels,
as a result of the expansion of out­ in this situation appear to have been
put sad pa lacrease of efficiency. recognised, and efforts are beiqg
This efficiency increase has been made by both business and the gov­
about la proportion to wage rates. ernment to restrain price advances.
_ . V.C. Family and Princess Flour .
r
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• e
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P ercu lators
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e
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,i .am»
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: Wasco, Oregon|
S a fe ty Deposit Boxes f o r Lease
—-
—-
- — y
,
“ Used to pay $500 a year fo r gas­
oline. Now i t ’s $100 fo r Diesel o il”.
“ M y ‘C a te rp illa r’ Diesel supplies
both the tim e and money to go
fishing4” .
a
—
Fresh •
• Fruits and V eg eta b les in Season.
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^ P rices are always Right.
“T here’s
plenty o f s ittin g and
stretching room on a ‘C a te rp illa r’.
I t ’s really com fortable.”
•
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a
•
i Wasco Market - Red & White Store i
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a
Buy and Sample the Quality
Sherman Cooperative Grain
.
“ M y neighbor had two trac to r*.
They w ere alw ays breaking down.
a H is troubles made me satisfied
•
• w ith my mules. Then he bought a
‘CJaterpiller’. N e x t y e a r I did too,
in, order to keep up” .
- i
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: Best o f G roceries, First Q u ality M eats,
:
a
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.■■■■■■■■■
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Growers :
:
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|------- $tOp and See Our Prices.
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“ M y to ta l fuel cost was less than
the labor cost fo r p u ttin g up hay
. — to say nothing of the ha.y
itself” .
: •
•
are going to discontinue this line,
We
.I— .. — u
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s
Mill Feeds
Grain Bags
Dairy and Poultry Feeds
Twine
- Rolled Grains
Concentrates
Flour
_____ ____ __________
AH kinds o f Insurance
T in w are
•
;
U n der N ew M anagem ent
r
■
Mr. and Mrs. Owen B arnett
O ’M E A R A
* a
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SUPPLY
•
CO.
C
A
J U L Y 1 CROP R EPO R T
average a t t he first o f July, w ith
T h e Ju ly 1 official estim ate pla­
ced w in te r w h eat production this
season a t 663,641,000 bushels, a
gain o f about 150,000.000 bushels
over last season’s harvest and ab­
out 40,000,000 bushels above the
192S-1882 averags. Prospecto fo r
s p r t a r w heat, w hile much b e tte r
than lu s t . season, w ere not up to
conditions on th a t date indicating
an o u ttu rn of 218,646,000 bushels
o f which
29,766.000
bushels is
D u ru m . F arm stocks of old w heat
on J u ly 1 were the smallest since
1928 and totaled only 1,880,000
bushels. M a rk e t stocks w ere th e
sm allest sincel926 and totaled only
16407,000 b u ih afc
“
e c o n o m ic a l
m i2 e
C H IV I- O L U
e •
▼ r a m w o m t a t io n
50
C n rV K O L L T M U T O » D IVISIO N ,
C nm to I
». DETBO IT, M IC H .
1
Sunset Motor. Co.
Moro Garage
M oro, O r e g o n
T h e D a lle s, O r e g o n
A'
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J
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