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
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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.
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