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About Heppner gazette-times. (Heppner, Or.) 1925-current | View Entire Issue (Dec. 30, 1943)
A Heppner Gazette Times, December 30, 1943 Heppner Gazette Times . THE HEPPNER GAZETTE Established March 30, 1883 THE HEPPNER TIMES Established November 18, 1897 CONSOLIDATED FEBRUARY 15, 1912 Published Every Thursday by CRAWFORD PUBLISHING COMPANY and entered at the Post Office at Heppner, Oregon, as second-olass matter. O. G. CRAWFORD, Editor SUBSCRIPTION RATES One Year $2.50 Two Years - 4.50 Three Year? 6.00 Six Months 1.25 Three Months : fc5 Single Copies 05 Home Not So Bad There is one thing that wartime conditions are bringing home to a lot of Americans that home is not such a bad place to spend the winter. The restrictions on travel may be working a hardship on those places dependent on tourist travel, yet un der existing conditions it is likely that they too are glad their former patrons are staying at home or are engaged in war work. In times past it has been the rule for those pos sessing enough of this world's goods to hie them selves to the sunny southland for a few months until the winter snows up north have melted and spring is on the way or in full bloom. Perhaps for the first time some of these people are learning that the poor stay-at-homes of formers years were not so unlucky after all. That could truly be said of eastern Oregonians this winter, for aside from a few weeks of fog, which is not common in this region, there have been few days when outdoor working conditions were uncomfortable. This may change in a day or so, such is the character of the topography, and we could easily find ourselves shivering in a siege of sub-zero weather, but with al conditions are not unpleasant for more than a few days, or such has been the history of the past. Oregon weather has been experienced by more out-of-state people the past two years than ever before. A great many of these people like the equ able climate so well that they plan to remain when the war work has ended. Not only do they hope to remain but will induce many of their relatives and friends in less favored sections to look to this state for homes We have no complaint to make about living con ditions in Morrow county. Some of the weather ex tremes characteristic of other sections do not pre vai here. True, we have occasional "spells" of weather when the mercury soars skyward in the summertime or takes a nosedive in the winter, but these occasions are the exception and not the rule. In times like these we are obliged to make the best of our surroundings. Gallivanting around ov er the country is discouraged. The next best thing is to seek recreation, or rest if needed, right at home, among friends, where conditions are less crowded and the accommodations much more satis factory. If the war lasts long enough, those of us left at home may have to revive the old debating society or kindred activities to provide a medium for entertainment. Or there is the old home talent play or minstrel show if we must have an outlet for our surplus energy. But we are doing needless wandering. The fact of the matter is that most of us are too busy to be concerned about going away for the winter and probably too tired to enjoy our selves if we did get away. Home's a pretty nice place after all. -o- -0- BABSON Continued from First Page Texas, California, Washington and Oregon. Of smaller volume states. I like: Georgia, Minnesota, Florida. Nebraska, Utah and Arizona. Flor ida may see a real boom. Outstand ing sales centers are scarcer. A year ago it was simple to spot cities with expected gains of 40 to 50 percent. Now more cities will show gains of only 5 to 10 percent in 1944 over a year ago. Here is the pick of the lot: Detroit, Mich.; Jackson, Mich.; Knoxville, Tenn.; Phoenix, Ariz.; Portland, Oregon; San Diego, Calif.; Savannah, Ga.; Springfield, Mass.; Topeka, Kan.; and Wichita, Kan. It will make a difference in 1944 bus iness whether Germany cracks in the early or latter part of the year. When this happens Washington will begin at once to cancel war orders, especially on the Atlantic seaboard. The army will accept no more re cruits, may begin early demobiliza tion. Navy men may be in two or three years more. Army demobiliza tion may start around election time in 1944. This should help retail trade. INDUSTRIES DIFFER Expansion of airplane factories has been practically completed. Au tomotive industry during 1944 will gradually reconvert to normal. New car stockpile low. Look for relief only on trucks. The chemical indus try has enjoyed great expansion. This may continue. Leaders in new drugs should prosper. Heavy chem icals may not show any gain over 1943 volume. Building about the same level for total new buildings as in 1043. Relaxing restrictions on private construction will crane in near future. Gains in 1944 will show in this category when compared with 1943. Am optimistic on postwar home building. The shoe and clothing industries are beset by price ceilings and in creased costs. These will continue through 1944. Woolen industry will remain very inactive. Rayon will continue at capacity output. Cotton textiles will bo fairly active nearly equal last year's level. With Ger many out, consumer demand for these goods should quickly replace war orders. Dairy products will be scarce because of feed problems. Slaughter houses should do a big volume. Cereal products will do well. Canned goods will feel effects of sharply higher costs and lower output. Bitumintous ooal depends upon labor union policy but I ex pect output to be at least 10 bet ter in 1944 than in 1943. Air transport will gain in equip ment and efficiency. Manpower is far from solved. The trend of the industry is up for both air passen gers and freight. Railroads will con tinue to suffer from equipment shortages, War peak of traffic is passed. Railroad needs are so acute that higher priorities for equip ment will be forced. After the war. railroads will have a terrible slump. With much less to haul, they will face, as never before, competition from coastwise shipping, river trans portation, new pipe lines, airplanes and trucks. Eastern roads will slump as soon as Germany collap ses. Electronics and television should boom. Healvy electridali equipment orders may decline slightly in 1944. Kilowatt output may be 10 better in 1944 than in 1943. Lumber vol umewill continue to be reduced. Backlog of machine tool orders is declining sharply. Subcontracts may help. Nonferrous metals are held down by acute manpower shortage, paper and pulp will be affected by the cut in newsprint. Paperboard .output in 1944 should equal 1943. Refinery petroleum output in 1944 will run 10 above 1943. Higher prices for crude probable. All-time peaks in steel output scheduled for 1944. Shipbuilding may not show further gains, but launchings will. OUTLOOK FOR LABOR Crux is whether sufficient skilled and unskilled workers can be chan neled into critical war industries. It is estimated that 2,000,000 workers must be added to essential plants in the next few months. However, over 2,000.000 men and women reach age 18 every 12 months. Therefore, the labor situation may begin to ease. There -will be many dilutes but mo.st upsets will be of short dura tion and small scope. Labor leaders must threaten strikes for publicity and to hold jobs. The cost-of-living situation will dictate the rise and fall of strikes. If rolling back prices is successful, pressure for higher wages will bo considerably reduced. After Germany cracks, there will be no scarcity of labor. Labor's honey moon is approaching its end. There will be no railroad strike in 1944. STOCK MARKET The 1944 long-term trend of stock Prices is definitely upward. A grow ing hoard of money seeks invest ment. Few new stocks are available. Present holders are less willing to let stocks go, except at higher prices The rise from May, 1942 to July, 1943, was a long, unbroken advance. A period of consolidation, such as from July 14 to date, was in order. The next few months may still be marked by irregularity. This should not disturb real investors. Corpora tions are adjusted to wartime oper ations. Any material change in the war situation may create temporar ily upsetting uncertainties. On the bullish side the market strengthen ed in the face of the largest War Bond drive in our history. Most listed companies are strong er than ever. Debts have been re duced, cash reserves increased! Companies doing well in war work may get new buildings and machi nery for a song. War stocks have gradually given ground in spite of record earnings and growth in net current assets. Many peace stocks have forged ahead in spite of de clines in earnings and lower divi dend payments. It is possl.ble the "war babies" may become oversold and the peace stocks overbought, but the total industrial averages will go higher sometime during 1944 than they are at present. In case a Republican president should be elected in November a big bull market could quickly develop. WHAT STOCKS TO BUY Some industrial groups appear more attractive than others. Build ing stocks should benefit from the expeced boom after the war. Johns Manville, Lone Star Cement and Eagle-Pilcher Lead hold prospects for good postwar earnings and lib eral dividends. Flexibility of mer chandising companies makes their stocks favorites. I have recommend ed American Stores. McCrory Stor es, Kroner. Jewel Tea. General Shoe, United Stores 6 Preferred and Preferred "A". The railroad and farm equipment groups ought to showw betcr-than-average pro gress Favorites include American Brake Shoe, General Americtm Transportation, Baldwin and Har vester; although postwar p'rospects convince me that selected steel and iron issues hold appeal. U. S. Pipe Line & Foundry should benefit from building Republic Steel $3 Pfd. "A" offers liberal income. Na tional Steel cmd Allcghany-Ludlum are sound issues. Electrical equip ment should experience heavy post war demand. General Electric is the outstanding leader. BONDS, INTEREST RATES AND PREFERRED STOCKS . The government forbids a corpor ation to manipulate the price of its securities but the government is upon savings orlife insurance. This Continued on Page Seven lone News Notes By MBS. OMAB EXETMAITN Mrs. Grace Misner, of Thornton, Wash., arrived Wednesday for a vis it with her daughter, Mrs. Fred Mankin. Mr. and Mrs. Martin Cotter had as dinner guests on Christmas Mr. and Mrs. Bert Mason, Mrs. Clara Kincaid and Oslow Inskeep. In the evening Mr. and Mrs. Eli Peck of Le Comb, Ore. and Mrs. Peck's pa rents, Mr. and Mrs. Ed Buschke of Morgan were also guests at Cotters. Mr. and Mrs. Dale Ray spent the holidays at Lyle Wash., with rela tives. F. W. Sheridan, lone station agent returned last week from Chicago where he underwent medical treat ment He reports severe cold spells throughout the middle west. Mr. and Mrs. Norman Swanson and son of Portland spent the hol idays with Mr. Swanson's mother, Mrs. Mary Swanson. Mrs. Huston Bryson of Portland is visiting at the home of Mr. and Mrs. John Bryson. Holiday guest at the Fred Bu chanan home was Mr. Buchanan's sister, Mrs. Francis Cherry of Stan field. Miss Mary Barnett is home from Portland visiting her parents Mr. and Mrs. Ray Barnett. Her grand mother, Mrs Charles Nord is re covering slowly from a recent operation. Misses Marjory Peterson and Do ris Palmateer arrived in lone Wed nesday of last week from La Grande where they are taking nurse's training. Mrs. Echo Palmateer left Thurs day !for Portland accompanied by her daughters Doris and Laurel, to spend the holidays. Mrh. Sanford Nance and two sons accompanied her as far as Portland where she was met by her mother of McMinn ville. Buddy Mankin is home for the Christmas vacation. He is attending. St. Joseph's academy at Pendleton. The Rietmann family held their annual Christmas party at the Da vid Rietmann home Thursday eve ning. Pfc Wallace Lundell was home for five days during the holiday season. He returned to his station Christmas day. Wallace is in the signal corps and expects to go over seas soon. Wm. Aldrich of Salem is visiting his nephew Ralph Aldrich and fam ily over the holidays. Rev. and Mrs. Waddell and chil dren went to Nyssa Thursday and spent Christmas with friends there. Carl Henderson of Nyssa accom panied them home for a week's, visit here. r J. 0. Peterson Latest Jewelry and Gilt Goods Watches - Clocks - Diamonds Expert Watch and Jewelry Repairing Hepp4.T, Oregon A. D. McMurdo, M.D. Trained Nurse Assistant PHYSICIAN & SURGEON Office In Mtswnic Building HEPPNER, ORB. In more senses than one, life is not a merry-go round. You do't cover the same course twice. Compound interest and advertising are very similar; the longer they are continued the better the results. Blaine E. Isom All Kinds of INSURANCE Phone 723 Heppner, Ore. Dr. W. H. Rockwell Naturopathic Physician & Surgeor 227 North Main St. Office hours: 1 p. m. to 7:30 p. m. Exam free Ph. 522 Heppner, Or. O. M. YEAGER CONTRACTOR & BUILDER All kinds of carpenter work Country work especially Phone 1483 J. 0. Turner ATTORNEY AT LAW Phone 17? Hotel Heppner Building Heppner, Oregon NEW AUTO POLICY Bod. Inj. Pr. Dam. Class A 6.25 5.05 Class B 6.00 5.25 Class C 7.75 5.23 F. W. TURNER & CO. Morrow County Abstract & Title Co. INC. ABSTRACTS OF TITLE TITLE INSURANCE Office in New Peters Building Phelps Funeral Home Licensed Funeral Directors Phone 1332 Heppner, Ore. Dr. L. D. Tibbies OSTEOPATHIC Physician ft Surgeon FIRST NATIONAL BANK BLDO. Rec. Phone 1162 Office Phone 492 HEPPNER. OREGON Heppner City Council Meets First Monday Each Month Citizens having matters for dis cussion, please bring before the Council. J. O. TURNER, Mayor Directors of Funerals M. L. CASE G. E. NIKANDER 802-Phones 2G2 Jos. J. Nys ATTORNEY AT LAW Peters Building, Willow Street Heppner. Oregon P. W. Mahoney ATTORNEY AT LAW GENERAL INSURANCE Heppner Hotel Building Willow St. Entrance " . .TO-TTT?!! -L 'I You Can Eat Your Points acid Have Them, Too! Just drop in occasionally and have one of our unexcelled Steak Dinners 'and use the points saved to buy, need ed meats and fats for household use. Open Daily 1 1 a. m. to 9 p. m. Elkhorn Restaurant