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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 10, 1942)
MEDFORD MAIL TRIBUNE. MEDFORD OREGON, FRIDAY, JULY 10. 1942. PAGE SEVEN o Price Control Failure Seen in Recent Boost In Wall Street Trade Br CLAUDE A. JAGGER ' New York. July 10 OP) Are inflation control! holding? Some Wall streeters doubt It In the past two days, buyers have given the stock market its busiest trading of the year, boosting leading shares $2 to $4 or more. Meanwhile, wheat prices were bid up around 5 cents a bushel at Chicago. others At the same time, pointed out that President Roosevelt's even-point program for keeping prices down was announced only last April 27. that Price Administrator Hen ' derson's retail price celling was clamped down only May 18. While some adjustments, and some apparent wavering may appear, they said, control is so vital that firmer measures are eventually inevitable, if needed. Jess Jones Fears Ultimate Bankruptcy Only last Wednesday, Jesse Jones, secretary of commerce and federal loan administrator, warned that price inflation ' would "lead to ultimate bank ruptcy national and Individ ual." Three recent developments were mentioned In Wall street as leading to speculation that price controls may be cracking: 1. Recommendation by war labor boarl panel that a pica for a $la-day wage increase by workers in four so-called "little steel" companies be granted. The panel's recommendation still has to be decided by the board. 2. Approved by the office of price administration of increased prices of canned and frozen fruits and vegetables. 3. Passage by the senate of a bill to permit full parity loans to farmers on six major crops. This would bring the loan value of wheat, for instance, up to $1.34 a bushel. July wheat closed In the Chicago pit yes terday at 1.21V4. To become law, the measure still must pass the house, and be signed by the president. Jones said that In 1943 the American people would have about $30,000,000,000 more In come than the value of things for which money can be spent. "If we permit that amount of money to run wild," he asserted, 'it will cause very great dam age to our whole country." Taxes, Bond Sales Offer Palliative Treasury experts recommend pulling much of this money back through taxation and sale of war bonds to the public The new tax bill, still under debate in congress, is $2,700,000,000 short of the treasury's requested goal. Cost of living In the United States, as based on the U. S. bu reau of labor statistics index for June an Increase of about 18 per cent over the 1933-39 average. Meanwhile, Incomes have mounted. The bureaus' Index of employment in all manufactur ing industries is up about 40 per cent over the 1935-39 aver age. WING RE-ELECTED GUERNSEY LEADER Charles A. Wing of Wing's Cloverhlll dairy was re-elected president of the Oregon State Guernsey Breeders' association at its annual meeting in Shedd Thursday. Other officers elect ed were Melvin King of Grants Pass, vice president; Ernest Cal houn of Grants Pass, secretary treasurer, and R. B. Thompson of Eugene and A. J. Campbell of Amity, directors. Principal speaker at the meet ing was Karl D. Musser of Pet erborough, N. H., secretary of the American Guernsey Cattle club. Also attending were Pro fessors Roger Morse, R. N. Cole man and Ewalt of Oregon State college, as well as several coun ty agents. The large gathering enjoyed a picnic dinner. Dr. Kildare Show Here Sunday I IT - 1 - a - ?. ' ,.t - -"wn U A ) . F it . . . . ft l A 1 Fern Valley Fern Vallev. Julv 10 Sn Fern Valley Community cele brated July 4 with a picnic dinner at the home of Mr. and Mrs. Alfred Hensler nndrr the shade of the big poplar trees. r-resent were Mr. and Mrs. Geo. Alford, Mr. and Mrs. A. Lewis, Mr. and Mrs. Lester Car. Mr. and Mrs. Wm. Ferns, Mr. and Mrs. Archie Ferns. Mr. and Mrs. L. H. Hughes. Mr. and Mrs. A. Hensler, Mrs. Charles Swingle. Mrs. H. H. Puhl. Mrs. Stone, Mrs. Beard and daughter. Mrs. Swingle, Margaret Beer. Echo Alford, Mary Hensler, Evely Ferns, Phyliss Wheeler, Lloyd Ferns, Billy Ferns, Stan ley Ferns, Roger Puhl, Ernest Lee Beer. George and Bobble and David Car, R. L. Ferns, Raymond Swingle. Chas. Ferns, and Robert Lewi and Ralph Swingle. Bible school opened t Fera Vl ley ehoolhou July 6 with th Mltee Holopeter a Inatructora. Mr. and Mr. Harry Lewie called at the L. H. Hughe home Wedneeday. Mr. end Mr. Mont Martin and Mr. Anderaon of Sen Pranciaco wet week end guest el Mr. and Mr. I. X. Marahall. Barbra Day celebrated her ISth birthday her home her July I. . u. t,,, - tv, M.. Thoae prwnt were Joeephtne and ' ' ntlon Dorothea Kan tor. pat icia and Joyoe cigarettes are manufactured In erhaii. North Carolina. HAL WANTS: To Have You Visit His Shop. To Prove That His Service) Is Most Complete. To Show That His Finishing Is But. To Brvc Your Camera and Keep It la Condltioa. To Rent a Small House or Apartment by the 11th Hal't Camera Shop, 113 North Central Phone 3680 Lew Ayres returns to the screen at the request of his fans in "Dr. Kildare'a Victory", new est Dr. Kildare story which comes to the Holly Theatre for Sunday afternoon and night and Tuesday night. There will be no showing Monday night due to a Christian Science lecture which will be held at the pop ular air-cooled theatre on that night Others In the cast are Lionel Barrymore, Alma Kru ger and Ann Ayars as his new heart-throb. "Atlantic Convoy", featur ing John Beal and Virginia Field, will play as tha added action feature. Army Romance i. u ii nun i i .. m i JJafSf In Jungle Hit ii5 Lwtlt. TeSi.w.. A stampeding parade of the most exciting moments ever cap tured on film is brought to the screen by Frank Buck, noted African wild animal explorer, in his "Jungle Cavalcade," which plays tonight and Saturday at the Roxy theater. "Thunder River Feud," star ring the Range Busters," plays ' . rwyf t i wr 1 wage earners, showed in early las the added western. Beauteous Maureen O'Hara and handsome George Mont gomery are starred with John Sutton, Laird Cregar and a host of West Point cadets in "Ten Gentlemen From West Point,' which opens a one week en gagement today at the Rialto theatre. This action-packed story of the United States Military Academy comes to the screen as the thrilling successor to 'To the Shores of Tripoli." CLEAEANCE SALE BARGAINS DRESSES, COATS, SUITS, SHOES, etc. The BAND BOX 223 East Sixth Phone 3686 In "Broadway STw (?: : ,Mf Prospect FOR ULT USE MAIL TRIBUNE CLASSIFIED ADS! Prospect, July 10 (Spl) Mrs. Orren Brown sen and son Wil liam of Eugene, were guests of Mr. and Mrs. Harry Hart, from July 1 to 4. On the evening of July 3, Mr. and Mrs. Ralph Woodford and Mr. and Mrs. Milt Ottoman of Medford visit ed the Harts several hours, and went on to Harts cabin, at Cas tle Rock, on the Diamond lake highway, where they spent the week-end. Mr. and Mrs. Letll Olbeon and three children apent the holiday week end at LengloU netting Mr. Olbeon' Daren ta, Mr. and Mr. Jlrn Chenoweth. They also yteited friend at Marthtleld and other coastal points. Mr. and Mr. BUI Aequlth nd lit tle daughter, Linda Kay. of Central Point, eajourned at Proepeet orer the week end. and visited reUUre at OrteTes reaort. Mies Marlon Terkee, who he been a (ueat of her uncle and aunt, Mr. and Mrs. Out Dtte worth, at the Oreen Meadow ranch for the past month, accompanied by her couaia. Mia Evelyn Dttaworth. lert for the former' home In Whit Salmon. Waah.. July t. U'.m (relyn will stay two week with her relative. They motored a far a Portland with Mr. and Mr. Harold eloper end two lit tle daughter, who rial ted relatives and friend at the metropolis for a few lay. Bill Dobbyn. former proprietor of the Caacade Oorge reaort. and son of air. and Mr. Joe Dobbyn, had th third flneer of hi neht hand com pletely severed, while aemclng a bull-doser, at the cantonment, July 4- Mis Dorothy rrlene Clemen I rueet of Ml rVth Still at Shady Cove. Mr. and Mr. Archie Olbeon and four children motored to TJklah. Calif, July 3. where they vial ted with Mr. Oloaon'a parent. Mr. and Mr B. C. Humphrey. unUI July 6. Mrs. Emm Bltner of Grants Pea George Raft and Pat O'Brien co-star for the first time In "Broadway", which comes to the Craterian Theatre Sunday for a three day run. Raft plays a hoofer who dances to fame with a gun in his back, and O'Brien is the cop whose heart is bigger than his badge. Life Magazine's favorite Army Camp entertainer, Janet Blair, heads the grand supporting cast which includes Edward Brophy, S. Z. Sakall and Brod Crawford. Is making an extended vlalt with her aon-ln-law and daughter, Mr. and Mra. Earl Webber. Sh came here with the Webbers when they return ed from their trip to the coast, Sat urday. Mrs. Harry Good and small daughter, Patrlca Ann. were dis missed from th Community hospital In Medford, Wednesday, and ar pending a week with the baby' grandparenta, Mr. and Mr. Arthur F Oood. In the Red Blanket district. Relative coming here for the Mar garet Jennie Boothby funeral. Wed nesday Included Charles Boothby. of Concord. Calif.. Mr. and Mr. lee Boothby, of Richmond. Calif., Mr. and Mr. Howard Arant and two daughter, of Klamath Palla, and Mr. and Mr. Prank Boothby of Medford. Mr. and Mr. Prank Doty and two daughter apent the Fourth with Mr. Doty' mother. Mra. M. . Foi, t Wagner Creek, near Talent. Mr. and Mr Lewi Jantaer left Wedneaday for Portland, from where th former will drive back th truck be purchased last week. BUYS YACHT New Orleans (u.R) George Greyfous, 48-year-old attorney made up his mind to get In the navy even if he had to do it the hard way. After other attempts t had failed, he bought a yacht and i presented it to the Coast Guard, j thus acquiring a temporary com- j mission as lieutenant, Junior grade. "Ambulance" comes from the i French "ambulant," meaning "to walk." The temperature at Murmansk j Is about the same as that of Mos cow, 930 miles farther south. WANtfE Oreea ehaia pullers, dry chain pullers, andllft aad carrier driver, lumber handlers Jailers, buckera and railroad eotv stuctioa men. Top wages) steady work. APPLY MEDFORD CORPORATION AT MONTGOMERY WARD Now you CAN buy Plumbing and Heating UNCLE SAM has cased the restrictions on the purchase of heating and plumbing equipment. 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