Medford mail tribune. (Medford, Or.) 1909-1989, June 26, 1942, Image 9

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Medford mail tribune., June 26, 1942, Page 9, Image 9

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Newspaper Page TextMEDFORD MAIL TRIBUNE. MEDFORD. OREGON, FRIDAY, JUNE f , 1942. PAGE NINE Real Estate and Inflation Babton DbciiMct Prk Trends Washington, D. C. June 38 There seems to ba aa much mis understanding about Inflation a there is about rubber and gaso- line. Even the Washington Bureaus appear to issue contra dictory statements. It may be that these departments get their tenses mixed up, referring to the present or past rather than the future. Therefore, let me first straighten readers out on this subject. Inflation Indicated Now or After War We most certainly will have Inflation. If It doesn't come during the war, it will come after the war. Inflation is like a stream of water, you can't dam it up forever. Building a dam does not destroy the water In the stream. The dam holds back the water for only a limited U time and then the water flows over it. The work of Leon Hen derson, for whom I have great respect, is preventing inflation at the present time; but he is damming the water without des troying the flood. He is only postponing inflation. All this talk about inflation Is, however, accomplishing some real good of lasting importance. During World War I the Ad ministration at Washington was friendly to business. Prices were allowed to take their natural course and go up. As a result, they went up too high and there was a tremendous decline In 1921. This sudden price decline ruined a great many people. Now with an Administration at Washington .which is unfriendly to business, these prices are be . ing kept down. This, however, I should avoid a serious drop and deflation after the war is over. Doubt of Dollar Worst Inflation ' There are various kinds of In flation, money inflation, credit inflation, commodity Inflation, 5 years" old IL J SJ.iOoT. 11.23 pt as INTUIT DISTIUIH CO.MOHIA. IIU etc, etc. Most of these forms are gradual and do not make or break people. The real danger ous form of Inflation Is when people get panicky as to the value of their paper money. Then, like a flock of crazy sheep, they suddenly turn to spending this money and putting it Into real things. This la the Inflation which may com after the war. It Is a matter of psy chology and cannot be headed off by laws or price fixing or ra tioning or anything else except faith in God and our country. When people lose confidence In the dollar and look about for real things, they all turn first to good furniture, wearing apparel, new autos, books, rugs, etc. Peo ple with money to invest turn to common stocks of companies with natural resources, good la bor relations and whose stocks are selling at prices below their "invested capital value." The middle-class group will put their money Into good real estate. If you do not own home, you had better buy one. If you own a home with a mortgage you should pay off that mortgage. If you own a home without a mortgage, get it in good condi tion to go through the inflation ary period without the need of further maintenance expenses. Real Estate Situation Not All Satisfactory In the war districts there now Is very little vacant property; It must ba less than 1. Yet, I would not advise buying proper ty In these booming war areas. It might be well to sell when comes to considering average property in an average eommun I would divide it Into five groups as follows: (1) Business Property. Now la the time to sell occupied city business property and the time to buy vacant suburban business property. The tire and gaso line shortages have temporarily reversed trading conditions. Where during the past few years trading has gone from the city to the suburbs, it is now return ing from the suburbs to the thickly settled areas; but It will come back again. (3) Office Buildings. Most of fice buildings, have been built In crowded sections. Hence, they should benefit during the re mainder of th war, even if they may be used for purposes for which they were not intended. Those who own such 'property should keep down operating Complete Lin ef Well Known FISHING TACKLE DULIEN1 AT HANSEN HARDWARE 35 North Bartleft Phone 2370 Sailor Saved At Sea Wipes Away Oil ssjjstpyyrTr in l mm jio -trials..-.- -wrt -jnr.- r. v V '-' " - - .'-'-.-. --;t - w t . . . . J A sailor, on of 44 rescued from a collier In an Atlantis convoy after It had struck a mine, wipes th oil from his fac after being hsultd aboard a sub chaser on patrol. Captain Nybory of th collier is at the left. St. Peter's Litheran To Play Host Sunday At Mission Festival Lutherans from Klamath Falls, Ashland and Grants Pass will gather in this city Sunday and Join th local congregation of St Peter's Lutheran church and celebrate a special mission festival. The services at 11 a. m. and at 3:30 p. m. will be held in the Lincoln school auditorium on North Bartlett and Maple streets. The guest speaker In both services will be Pastor Carl Nits of Klamath Falls. The local choir will render special selections in the services including "Gloria In Excelsts" by Henry Farmer and directed by Mrs. R. Smith. Home and foreign missions will be the pre dominant theme of the services. Lunch will be served for all present in the Lincoln school cafeteria. The publio Is cordi ally Invited to both services. n v i w i w a i j s Lii.niyai'a'iLinviua I All 7 FLAVORS Treasure" hunt are suggest ed by the department of com merce as a mean ef collecting rubber and other needed scrap. I mmtV-. i - mi .n.i J " .W BOBBY AND SUE AUST DE KEPT FIT! My war Job Is to food my family the proptr foods TFnen your breakfast Uttm feed and also is s good source of tl Vitamio Bi, per ounce s , and all of whole wheat's energy, the whole family is better Snowed for the day. That is why abiaco Shredded Wheat is aa everymoraing meal in millioos of homes. Try Nabisco Shredded wheat use 1U0 whole gram rood. Ait tar m by fuu a Auco ibreddnt Wbut. us. mis us' Snail teas vm o not iff H laoM ttaMa II U W-M AT WmtlTlONAj POOQ Si . "car Baked by NABISCO . . . NATIONAl BISCUIT COMPANY costs and keep the property well maintained. As no new office building property will be built during the war, I now see no probable slump In good office building property after the war. (3) -Slngle Family Residences. Houses within walking distance of buses and railroad stations should hold up In value, but the sub-divisions, dependent on au tomobiles, should suffer during the remainder of the war. Aft er the war the large, old-fashioned city houses will again be a drug on the market, but the houses In new sub-divisions should readily again come back in demand. (4) Apartment Houses These are mostly 100 occupied at the present time. Apart ment houses usually are built in locations not dependent on priv ate automobiles and hence are benefiting from the war. Fur thermore, no new apartment houses are now being construct ed so that the demand Is gradu ally exceeding the supply. On the other hand, those who can now get their money out of apartment houses which have been a headache during th past ten years had better do so. The net income on apartment houses should remain at about present levels, at least during the war. (5 Vacant Land Much de pends on the location and qua! ity of the land, growth of the community, etc. My preference is land lust outside of small cit ies of from 10,000 to 35,000 pop ulation, especially "college towns." Small farms that are near enough to a community to some day be cut up into house lots should be attractive. Be sure to get such on the side of They're Making LIBERTY BELLS Out of DOOR BELLS ORDER BLANK FOR DEFENSE SAVINGS STAMPS UIV8 THIS OBDOt TO MAIL TRIBUNE NEWSPAPER BOT I would Mx to 1st i . i Detsaa SaTtagi Itasjsj ash weak eata fuiSs aetk. Adores . City tat. Braarfe-, th city which Is growing. Most cities grow best In some one di rection. Buy by the acre; then jell by the foot. Remember Fire Losses And Population Orowth In addition to Inflation there are other factors which should cause an up-lift In certain forms of real estate after World War II. For instance, the fire losses each year amount to nearly $300,000,000. Of course, many of these losses are only partial and the building is quickly re paired; but many are total losses. These fire losses are con stantly reducing the supply of houses. The population of our country Is lncresslng at the rate of about 1.000,000 a year. The birth rate last year was the highest that it has been for many years. The marriage rate for 1943 will top all previous records. These fact should de velop a demand for houses after th war la over. The greatest probable help to real estate, however, would b Inflation. When people get scared as to the real value of dollars, they will want to put them into something concrete, such as food, clothing and shelter. Of these three things, shelter will probably be In most demand. Confirmation Rites Sunday Morning for Zion Lutheran Class A special confirmation service will be held for a class of eight as part of the regular worship service at 11 a. m. Sunday at Zion English Lutheran church. West Fourth street at Oakdale. The following young people have completed a year's course of catechetical instruction un der the pastor, the Rev. Karl W. Broekhaus, and will be received Into the communicant member ship of the Evangelical Luther an church: Charles Maben Ger- hardt, Thomas Jacob Steinbrech ar, Norma Jean Steinbrecher, Carl Edward Borg, Dorothy Mae Hanson, Sidney Arthur Lage sen, Barbara Anne Chrtstensen and Rodger Gene Sterton. The pastor will preach the confirmation sermon on the them "Facing Our Fortress of Faith." Following th service of confirmation, members of the class will receive their first communion. Th service Sunday will be open to the publle and frienda of the young people who are be ing confirmed are Invited to attend church to witness this event. E .eshlnrten. June 18 (JPi Treasury Secretary Morgenthau today blamed "over optimistic statement about the war" for lag In war bond tales, which he said mad It Improbabl that June sales would reach the quota Of 1800,000,000. The treasury announced that Alaska was th first slat or territory to mak Its June quota. Th June goal In Alaska was $400,000 and $411.01$ had been sold In th first three weeks of the month. In May. Alaska told $483,000 worth of bonds although Its quota wat $198,000. Salem, June 38 ) The Stat Board of Control failed to tak action today oa proposal to buy government war damage Insuranc for state-owned build lrisi, but indicated that it would tak some action beor July 1. The state is protected until tnat ; OE Free Delivery TT T7TTVT A tT G? H Always Pays Telephone 2239 li-l Jwl & to Buy at Lnmans' Price Now Until Monday Night For th best of foods and th moat reasonable prices remember it always pays to buy at Lumens. In one call you can buy all. Sav time as well as money. BEEF STEW Swift't Premium 1 lb. size tint 19c HILL S COFFEE 55c Blue Package 2 poundt for SAUERKRAUT Diamond A ICaa No. 2'i tiie tint IjC TOMATOES Josephine Brand 4C 2 No. 2Vi Ige. 96 m SunmtciJfeals f" LUMANS' Bf Pot Roasts, Choice Cut MEATS SOLD TO YOU FRESH Choice Leg or Lola cnoic IV Pork 11V Jb. LJ Roasts, lb. JU WHEN FLAVOR'S BEST Nlc Small Piolnos, lb. Lean. Tender 29' Sirloin et T-Bon Home Rendered Steaks, choice, lb 30c Lard 3 lbs. 50s HAMS, No. 1 grtd, Vt or whole, lb. 36; BACON, Estra Fine Quality, lb. 28 Cholc Meaty BEEF CHOPS Veal 7 Te Short 4 7o Pork )Ae Roasts, lb. I J Ribs, lb. II Steaks, lb. JU Shoulder Cutt Fin for Baking Lola Cuts Large Attortment of Lunch Matt, Chs and Picklei Nice Attortment of ' R. I. Red and Barred Rock IIEIISS:.-. lb, 28c FRYERS & Mb. 35s SPRING LAMB LEO, No. 1 grade.. Jb. SOc; Chopc or Sreaka, lb. I0 D o D CAMPBELL'S TOMATO SOUP 3 cans 25c DEL MONTE CATSUP, Large Bottle 15c SPINACH, Royal Club, Ho. Vk tins 18c No. IVi tlse Tins I TOMATO Juice- ?5c Osl Rogue. $ TALL TIHS "aT GRAPEFRUIT- 25c Royal Club No. 303. TWO TIMS DRIFTED SNOW O09 Enriched 4Mb. sack FISHER'S BLEND O09 49-lb. sack KITCHEN QUEEN 189 4Mb. sack Klamath BOUQUET 149 ia.lfc. aaek I tgpjsiT MILK Tall Cans 35 Frith Carroll, Bails, Taralps, Cibii LARGE CRISP CELERY c",SVT. VALENCIA ORANGES LETTUCE, Ig. heads, fresh, solid SATURDAY SPECIAL FRUIT FILLED COFFEE CAKE We ar featuring our now dalklowtfy differ fruit filled Coffee Cake, baked golden brows and filled with fruiff and nuts. EXTRA LARGE SIZE, each 20 o Medford Mall Tribune ... date. Ca Hall Tribune vast ads. OX301 0230 .0E30 0230