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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 18, 1958)
o 14 MAIL TRIBUNE m, Frfrfty. July 18, 1958 Govevnrjien? Officials Keeping Eye on (Economy in Event of War Washington (PI) Gov ernment officials r updat ing plans to cop with infla tion pd keep the conomy on an even should the tens Iddl EaS flfr into another Kr5 Much or th conomic groundwork is concentrated in $e nely xpnded Office of IpefaVise Mobilieation in cogitation rtth President Eisenhower's chi economic advisers. A near-war ecctiomy wiight wipe out the effects of the re cession but produce- a citue tion even more troublesome to the administration than sla: busdess conditions. No Immediate wi mf -FoPthe time beinf the President's adviser Aid. not expect irijpnediate pressure for fense spendinf to mount beyond present plan for fis cal 1959 which began July 1. But a dramatic blow-up in Lebanon or (Iraq could change this situation and force de fend expenditures higher. While news bulletins and government communiques re flected increasing concern over thMiddle East, govern ment planners were at work on a seges of possible steps to be taken in case the nation must shift into a higher eco nomic gear. Tax Commission o Timber Values Sail Conservative G2' Salem (UPI) Timber valuefe figured by the State Tax Osmmission were ex tremely conservative in com ) oarison with private sale $alu. Wallace Kubanks, the commission's timber appraisal supervisor, testified here at a public hearing 'on timber ifclition. The valuation division's ap praisal of one stand of timber consisting of between five and six billion board feet more than the entire stand of some Oregon counties was very low in relation to the actual amount of money the stand brought on the market recent ly, Eubanks said, figures of private timber sales and those of the Bureau of Land Management and the U. S. Sorest Service are used, when available in significant ( volume, ft. the fixing of valua tion, Eubanks explained. 'Conyersiotf Iteruxm' Method When the, volume of sales is not large enough, a "con version return" method is em ployed. By this method, mar ket pces o& logs, lumber, plywood and other timber products gr Ue starting point of the valuation procass. From the valuapn of these prod ucts affe deducted costs of production, jlu a reasonable margin of profit. Costs include, th risk in holdiag end harvesting the timber, grerty taxes, losses due to fire, insects wind throfr, change in markets and carrying char over a period of year The h&rings are ii their oeconfl Aera. 0 Asfoln, Gold Hill Residents o Salem (UPI) Public Utility Commissioner Howard Morgan said Thursday he had received petitions containing approximately 960 signatures of Asnland and Gold Hill resi dents opposing proposed rate increases by Pacific Tele phone and Telegraph Com pany. Morgan said the company proposes a 20 per cent boost in Ashland but only an 8.7 per cent hike in Aledford. The commissioner said his office will investigate all phases of the company's op erations and that a hearing may be held in Ashland in ad dition others being planned in various parts of the state. The Ashland city council recently passed a resolution protesting the proposed rate hikes on grounds that last yy when extended area service was established to Medford and several other Jackson county communities, the company promised that Ashland telephone rates wQild remain the same as those in Medford. PLAUER DLOX Clean Qyick Delivery Medford FmI Ci. These advance plans and surveys covered a broad range of problems including wages and prices. For the time being mandatory controls were not in prospect. But at one economist said, "We'd have to revise a lot of our thinking if this situation de veloped into another Korea Looking to the future some of the more informed mem bers of the Eisenhower offi cial family said an expected federal deficit of more than 11 billion dollars this fiscal year, plus the Mideast crisis, made hope of tax reduction improbable for the next sev eral years. An active combat situation involving American troops might bring on requests for higher, not lower, taxation. Even if the international situation does not worsen and remains about as it is today, the impact of the recession and lower tax revenues meant, to the President's ad visers, there was little likeli hood of being able to ap proach a balanced budget again until fiscal 1961 at the earliest. MEDFORD nors the time to GIRLS' NEW FALL COATS FOR Back-To-School w In It's no secret that fashionable cuties favor this fall's .unus ual styles in coats ... so grown up and sophisticated in rich, nubby tweeds, deep pile fleeces, downy suedes and many novelty fabrics. Styles featured are the new pleated martingale back, tra peze, chemise and conven tional tailored styles. Our back - to - school coats draw lots of back interest. Sizes 3-6X, 7- 10.9 TO 24.9 SELECT EARLY ay way Or Use One of Our Liberal Credit- Plans fall cottons for back-to-school seeing ..... o BATES DISCIPLINED COTTONS Washes easily, dries quickly. Requires little or no Ironing. Resists wrinkles and stays clean longer. Re mains colorfast. The first and finest wash and ready cotton ... V9 U yd. o SHAGBARK From Galey and Lord this mer cerized fine combed cotton is fully washable. Crease resist ant, pre-shrunk and no ironing required. A truly beautiful cot ton in plaid, plain and stripes. 45" wide. 79 IT9 U yd. o ARISTOMOOR 100 Combed Cotton. A mer cerized wash and wear fabric in dark plaids and stripes. The ideal fabric for school wear. Pre-shrunk. 36" wide. U yd. ftfrfo .1 MEDFORD " UTIs? ITS 1P tW CORDUROY SPECIAL! Sixteen beautiful machine washable colors for fall. Prac tical for school wear, jumpers, dresses, suits and slacks. 36" wide. v U MEDFORD depcartment y store 0000 4 T A L K 2-Piece Cotton Tweed BLOUSONMOP, SHORT SLEEVES, STRAIGHT SKIRT FULLY LINED. A COMPLI MENT TO ANY FASHION MINDED GIRL'S WARDROBE! GREY ONLY misses sizes 1498 2-Piece Cotton Broadcloth V-NECK COLLAR, SHORT SLEEVES, SOFT PLEAT BLOUSED BACK. FINISHED WITH SOFT PLEATING AROUND THE BOTTOM . AND LARGE BUCKLE... ' STRAIGHT SKIRT, LOW PLEATED IN BACK. BROWN CHARCOAL GREY TEAL misses sizes Q lOQ u u girl , i n i CHARTS HER COURSE for "SHORELINE Her life is full of fun and fash ion. Always on the go, she chooses from White Stag's Shoreline Collection. Clamdig gers styled in solid-toned sail cloth, irnd-calf length rolls up or down. "Trim Jolly" top of knitted cotton, white - trimmed collar. - CLAMDIGGERS 4.95 TRIM JOLLY TOP 2.98 FEATHER COMBS! v an entirely new conception in hair control .... Now you can dp anything with your hair using fabu lously Jight, flexible, se cure feathercombs. 25 2 00 NOTION DEPT. MAIN FLOOR MEDFORD MANN'S DEPT. STORE-14 S. Central, Medford I I Wish To Open a Chasge Account: Name '. '. I Address. City ; .State. Phone No. 1
