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
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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