Page 8
Heppner Gazette Times, Thursday, June 24, 1954
Babson's Predictions
(Continued from Page 1)
to buy during the last half of
1954. Both the automobile stocks
and the cars will be in less de
mand. There will be fore bar
gains in used cars, discounts on
new cars, especially cars of the
"independent" manufacturers.
(17) Canada will continue to
boom during the second half of
1051, but this may be a good time
to take profits on Canadian in-i
vestments.
Money, Inflation, and Interest
Bates
H8) When Mr. Eisenhower
assumed the Presidency With hlsj
Cabinet of "9 millionaires," they;
proclaimed a new monetary pol
icy which would Increase the
value of the dollar and raise in
terest rates. Either fortunately
or unfortunately, the economic
situation caused a reversal of this
policy. The value of the dollar
shows no increase over January
1st and this has been hailed by
Wall Street as a Sign of further
inflation. Wall Street has boom
ed certain common stocks accord
ingly. Interest rates during the
second .six months of 1954 should
average about as at present.
(19) The fear if involvement
in Imlo-China is strengthening
the commodity markets. This
takes some of the pressure off of
Secretary Benson and those who
have been resisting increased
tariffs. I forecast an upwardi
movement in many commodity
prices other than farm prices
during the balance of 1954. i
(20) Money supplies are on,
the rise again now. They will
continue to expand during the I
last half. Inflationary effects onj
me price icvei wui oe nmiieu as
our capacity to produce is now
large. Remember, the surest way
to squelch an Inflationary fire is
with a flood of goods. Inflation
ary effects of the expanded
money supply could also be nul
lified by the change in the Gov
ernment's method of collecting
the corporate income tax. The
new tax law may put the large
corporations on a pay-as-you-go
basis, squeezing their cash hold
lngs.
(21) Any psychological infla
tionary flare-ups that may take
place as a result of war scares,
big or little, will not be long
lived. They will definitely be
dangerous to follow up. A word
of warning: Don't get drawn Into
any speculative moves in com
modities or stocks based on the
outbreak of a small war. If the
need arises, our Government will
move with lightning swiftness to
put controls into effect. They are
already "triggered." The only
real danger of any federal tax
increases will come with the out
break of another war.
Labor, Building, and Real Estate
(22) As to unemployment, I
will say that this has increased
some over last year, but if con
sidered on a per-capita basis, it
is even less than that of five
years ago. Look for a moderate
reduction in the ranks of the un
employed during the last six
months of 1954.
(23) The improvement which'
I expect in employment should'
not, however, be sufficient to;
make union leaders careless. Jobs
will still be very much in de-i
mand. This should mean that;
the last half will see no prolonged;
strikes.
(24) Most union-management!
settlements will be made with aj
moderate amount of give and,
take. Any wage advances will be!
limited to the neighborhood of a
reasonable hourly figure, plus
some additional fringe benefits.;
The Administration and the La-j
bor Leaders will not try to re-1
vamp the Taft-Hartley Bill during,
the last six months of 1954.
(25) My forecast as to the(
various classes of real estate is!
as follows:
(a) Large, commercial farms
will experience a further sag in
their land values during the last
half-year as farmers' gross in-,
come dips lower.
(b) Small farms on the frin
ges of big city suburbs should;
hold or rise in price as people get
further away from city centers.
This move could become an ava
lanche In the event of" really ser
ious war scares.
(c) I look for vacant land in
the suburbs to hold its value well.
In the big cities It may be anotehr
story, unless the land is suitable
for parking purposes.
(d) Business properties in the
big cities may ease somewhat in
price during the last six months
of this year. Suburban business
properties can be expected to hold
up. Demand for more shopping
centers will be noticeable during
the months to come.
(e) Home property (especially
the older houses, particularly in
the cities) will continue sagging
in price. In the suburbs, the big
ger houses, even of recent vint
age, wil be harder to sell. Most
salable home properties will be
the newer houses in the middle
and lower-price brackets with
emphasis on the "ranch-houses"
so-called.
(f) In the last half-year, con
struction will still be a powerful
support to our economy as it has
been for so long. Seasonally,
building will hold well, strength
ened by continued liberal credit
terms. Some boost to building
could come in the second half if
civilian defense moves create a
"dispersal scare." If this hap
pens, look for a rush by many
factories to move operations into
areas far from bomb-vulnerable
cities.
-i.,n..i ..milium ',mjl,P.i Iiii.iee
f IV i,
Long Distance Nation-Wid
Moving Service
Mayflower Agents
Padded Vans
Pcnland Bros.
TRANSFER CO.
Pendleton. Oregon Phone 338
lra'JHl.SUK5ilUfl
CONCLUSION: I cannot end this
Forecast without reminding read
ers that we are living in a truly
New Era, comparable only with
the year I A. D., 1954 years ago,
or the Invention of printing 500
years ago. The H-Bomb, in the
hands of any ambitious dictator,
could bring about unparralleled
conditions. These changes could
make the things, about which I
have written above, of little value
or consequence. Only a great
spiritual awakening can save us.
Letter To The Editor
(The administration of school
district No. 1 this week released
the following statement concern
ing its plans for the proposed new
Heppner grade school building.)
The parents of the children in
the first, second and one half of
the third grade are faced with
having their children housed in
basement rooms, churches, and
in temporary classrooms that
should be used by the band. At
the same time, those parents who
have youngs its in the band are
SHOPSAVE
AT
Burkenbine's Holc-ln-The-Woll
LITTLE ROOM LITTLE PRICES
FOR ..EXAMPLE
BEEF LIVER LB 29C
3LBS79c
FINER SHORTENING
Hudson House Eest
TOMATOES flCANS$
Dundee 2'u Cans "
BEEF ROAST LB.
Choice Beef
49c
Heppner Market
Loyd Burkenbine, Owner and Manager
LMMI
4, p;n
FISHERMEN'S LUCK This catch of rainbow, eastern brook and
German brown trout is the result of one recent weekend's fish'
ing trip to East lake in Central Oregon. Shown with their catch
are Mr. and Mrs. LeRoy Gardner and Mr. and Mrs. Jack Van
Winkle of Heppner. The group said the weather was terrible,
but the fishing was "good."
HOSPITAL NEWS
New Arrival To Mr. and Mrs.
William A. Brown, Condon, a 3 lb.
10 oz. girl born June 18, named
Sharon Marie.
Major Surgery Harold Stinch-
field, Condon; Eugene Heliker,1
Lexington, dismissed; Miss Bon-;
nie Louise Dungan, Hermiston. I
Minor Surgery David Cook,
North Powder, dismissed; Mrs.!
Ida Olson, Heppner, dismissed.
Medical Mrs. Martina War-
ren, Spray; Mrs. Adline Larch,!
Condon, dismissed; Perry C.j
Helms, Fossil; Michael J. Simp-;
son, Dayton, Ohio; Arda Kay,
Davidson, Arlington; Judith Ann
Hinton, Dale; Karen Nelson, Lex-j
ingion; Mrs. uyrene Barratt, Lor
vallis; Mrs. Eleanor Forbes, Con
don, dismissed.
Out-patient Keith Rae, lone.
WINS NEW BOAT
Randy Lott of Lexington this
week is showing off a new 16 foot
Century Sea-Flyte boat and 20
horsepower motor which he won
last Sunday at the Richland,
Wash., water festival. Lott just
happened to be attending the
festival as a visitor,-and was
drawn as the winner of the outfit.
o
AT SALEM
Rev. Willis Geyer is in the
Salem vicinity this week making
purchases for the annual state
Assemblies of God camp meeting
at Brooks which will be held June
28 through July 11. Rev. Geyer
has been the buyer for the camp
for the past several years. He will
be home for the weekend, then he
and his family will return to
Brooke to attend the camp.
HAVE NEW DAUGHTER
A 3 lb. 13 oz daughter was born
June 16 at Wilcox Memorial hos
pital in Portland to Mr. and Mrs.
Elmer A. Pieper of Lexington. She
has been named Lisa Kay and
has a brother Rickey.
Grandparents are Mr. and Mrs.
Arnold Pieper of Lexington and
Mr. and Mrs. George Benson of
Portland.
VALBY LUTHERAN CHURCH
Rev. Ed Svendsen will hold ser-;
vices Sunday June 27 at Valbyj
Lutheran church at 11:00 a. m.
Sunday school will be at 10:00
a. m.
AT CONVENTION
Dr. D. L. Tibbies was in Yak
ima, Wash., early this week to at
tend the annual Northwest Osteo
pathic Physicians and Surgeons
convention held June 21 to 23.
having their children handicap
ped by the school trying to hold
music and band in a room that
has been outgrown for a year or
two. Last year there was some
hope of taking some of the child
ren out of the churches before
school was out. True, two of the
rooms were moved from the
churches into the band room, but
one remained in a church room
all year. Next year, two rooms
will have to remain in church
rooms all year. That is assum
ing of course, the two churches
involved would be willing to let
the school use the room all year.
The Board of Directors is well
aware of the situation as to the
physical plant, and the problems
involved in housing; also they
are well aware of the cost to the
patrons of this school district.
With these two factors involved,
the Board in its planning has
been governed by the immediate
needs and costs to meet these
needs.
ifter working with the archi
tects and with interested citizens
who have voluntarily attended
the meetings over these several
weeks, they have come up with
a start on a school with the dol
lar and cents outlay at a mini
mum, and still give enough class
rooms to relieve the pressure of
building space.
Nothing can be done to reno
vate the old building, provide
adequate cafeteria space or pro
vide a gymnasium, which items
you are all aware are badly be
low standard, until rooms are pro
vided to take care of the, young
sters who are presently housed in
these areas.
The present owned property to
the north of the school will have
to be saved to be used for the
future gymnasium for the high
school. Using just the figures
of youngsters now in school; In
I960, there will be 200 high school
students. Where are we going to
put them unless we provide the
grade school rooms now?
The architect estimates $250,
000.00 will build ten classrooms,
library, boiler room, health room
and office space. This would
take care of the first five grades.
If we started tomorrow, we
wouldn't be in the new school be
fore April of 1955, if then. The
bond proposal is for $325,000.00,
which leaves $75,000.00 for mov
ing the creek channel, buying the
property, developing the site and
the architect's fee, etc. Any
amount less than this could not
be justified in the number of
classrooms that it would provide.
The foundation of the building
will be raised four feet, which
will alleviate somewhat the
flood danger. Also arranging the
plans, the present J. C. building
T7. Z T.j .' NEW GRANDSON
Mr. and Mrs. Vernon Waid and
son Jim spent the weekend visit-' u Mr- and Mrs- Brownlow
ing at the home of his sister and ?ave recelved word that they
husband, Mr. and Mrs. Harry Du-i" . a new grandson, named
"nan ftiinur, oorn June ii in
Honolulu to Mr. and Mrs. E. C.
Shire.
vail. They are starting a two
months tour of the eastern states.
will not have to be removed,
which will provide for the kinder
garten, also provide a covered
playcourt which would relieve
some of the congestion in the
present gym.
o
COURT PROCEEDINGS
(Continued from Page 7)
Empire Machinery
Company 961.05
Western Auto Supply 11.82
Rosewall Motor Company 316.20
Paul G. Pettyjohn 202.57
Industrial Air Pro
ducts Company 32.88
Harold Wilson 50.00
Austin Wilson 127.93
Oscar Voole 10.43
Warrants Issued on the Miscel
laneous Fund:
Harold Dobyns, Rodent
Fund $ 91.20
Harold Dobyns, Coyote
Bounty 366.00
Jeff Walker, Coyote
Bounty 12.00
Northwest Hospital Ser
vice, Rodent Fund 5.80
Public Employes Retire
ment Board, Rodent
Fund 2.00
John Piper, Coyote
Bounty 15.00
Barbara Emert, Coyote
' Bounty 18.00
Barbara Emert, Coyote
Bounty 3.00
GUEST AT ADAMS HOME
Mrs. Floyd Adams has had as
a guest Edgar Wallace Mallon,
U. S. Navy, of Pensecola, Florida,
who is the fiancee of teh daugh
ter, Nancy.
The three left Thursday for
Portland to visit Mrs. Adam's
father, Robert Clark before Mal
lon leaves for San .Diego and
overseas.'
Orville Smith and P. W. Ma
honey spent the first of the week
in Oakland, California on busi
ness. A guest at the Robert Penland
home Tuesday night was Douglas
Rhodes of Lebanon. He will work
on the Steve Thompson ranch
during the summer vacation.
Marlene and Norma Geyer are
spending a few days in Wood
burn at the home of their uncle,
Mr. and Mrs. Ira Rich.
Need Letterheads? Phone 6-9228
You get the mostest of the bestest for the
leastest at the
teas: Thea&e?
Thursday-Friday-Saturday, June 24-25-26
BORDER RIVER
Techmcolor Western that really rings true with action and
dialogue delivered by such competent specialists as Joel
McCrea, Yvonne DeCarlo and Pedro Armendariz.
Plus
CEASE FIRE
Thrilling realism, shot entirely in Korea in May, 1953, with
a cast of soldiers. "Cease Fire'' should prove interesting not
only for Korean Veterans and their families but for all Ameri
cans .... seldom has a film been made under more difficult
or hazardous conditions.
Sunday-Monday, June 27-28
MA AND PA KETTLE AT HOME
It's old-home week for the Kettles and their thousands of
friends ... not sophisticated, not racy just Sidesplitting!
Sunday shows at 2 p. m., 4:20, 6:40 and 9
Tuesday-Wednesday, June 29-30.
THE MOON IS BLUE
Never in a blue moon such a charmingly frank and amusing
comedy but DEFINITELY ADULT. The laughs come fast as
pert little Maggie McNamara exchanges ideas with the two
wolves, William Holden and David Niven.
COMING IN JULY: Elephant Walk, Walt Disney's Living
Desert, Red Garters, The Naked Jungle.
. ' v.y. ' bum.?. ryrM.
"TV WW
.i My Hjiiknrinffin-'
v. - - W Jf
v jr..
.. ..-;vj,v.v.v.-. .... v , m
' JWftsSir i : :tlWmi lull ill I JlLl
I,
'-iiiitBiiHnHwVfViitoiraniiniirt"" "
CUSTOM NOTIt Twin-Turbin Dynaflow and Safely Power Steering
art itandard equipment on every Buick RoAfiMMTca qt no extrq cott.
It makes you feel lite the man you are
You must know, of course, that
a fine cir is more than merely
a means of fine travel.
It is, as the psychologists tell us, an
extension of a man's own personality.
It reflects what you feel, what you
like, what you are.
So we ask you to take the wheel of
a Buick Roadmaster like the one
shown here-for it is, we have found,
the automobile chosen more and
more by those who are definitely
moving ahead in the world.
You will find it a car that fairly
breathes success.
From its size and its breadth and the
magnificent modernity of its styling,
you know it is a car of custom stature
and so does the watching world.
The wondrous w indshield is a pride
in itself. You don't just see the view
you command it.
ou will find it, too, a car of luxuri
ous obedience.
From the moment you ease your foot
down on the pedal, you take imme
diate mastery of the road and of
distance.
And you know it-in the silken whip
of Twin-Turbine Dynaflow, the
might of Buick's greatest horse
power, the magic cushioning of coil
springs on all four wheels, the exhil
arating ease of Buick Safety Power
Steering at your hand.
But with all this, you buy with pru
dence when you buy a Roadmaster.
For-though it is, and looks, custom
production it sells for the lowest
price-per-potind in the fine-car field.
And so wise an investment makes
you feel even more like the man
you are.
Drop in, or phone us this week, and
we'll gladly arrange a demonstration.
BUICK SALES ARE SOARING!
lotert figorei for the firet four months of 1954
ihow Buick now outselling every other cor in
America except two of the so-called "low-price
three." Better look into Buick if you want the
beauty and the buy of the year.
Ra4DMASTER
Custom Built by BUCK
WHCN BETTER AUTOMOBILES ARE BUILT BUICK Will BUIID THEM-
"Dtive From Factory
Save Up To
See Your Buick Dealer.'
Farley Motor Company
A.