MEDFORD 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
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