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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 21, 1958)
Consumer Price Level Must Be Kept Stable for Policy Success . ' - i m n,uit fA i x i .1 i i j t i Editor! note: Economic adTisors to President Eisen hower are convinced he must take a no-holds-barred stand against inflation. A United Press International reporter, in interviews with highly placed advisors, re ports the current Adminis danger of unchecked infla-' tion. By EDWARD COWAN United Press International Washington (UPD The men who most influence the ad ministration's economic poli cies are convinced it must take a no -quarter stand against inflation. They believe the only poli cy that can succeed in the long run is one which seeks to keep the consumer price level stable. They contend a policy of allowing even mod est or creeping inflation perhaps only 2 or 3 per cent a year cannot succeed. Per mitted to creep, inflation is likely to run or even gallop, they say. Can a government in a free enterprise society in which wages and prices are not con trolled keep the price level constant without stunting eco nomic growth? The President's key eco nomic aides, conservative by nature, are reluctant to go out on a limb and say "yes." They are equally reluctant to say "no," even in private con versations, for that would be conceding defeat. As one White House ad viser put it, they are "fervent ly hopeful." Only Wednesday the Presi dent told his news conference he has ruled out wage or price controls for the fore seeable future. That leaves the administra tion with three major weap ons with which to fight pos sible future inflation: Appeals to business and labor to refrain from undue price boosts and wage de mands. Economy in government with elimination of all but es sential spending. Control or the money supply and interest rates. Blame Wage Hikes The President has appealed to, business and labor several times in the last year, most strongly at his Aug. 6 press conference. Then he directed his remarks" mainly at labor unions. He warned them wage boosts that exceeded improvements in productivity could only be inflationary and that in the long run the extra dollars in pay envelopes would not buy more goods. There is a strong feeling among the President's ad visers that excessive wage hikes have been the major 2nd SECTION JA T T Pages 1 ' 8 MedfordTribune MAIL TRIBUNE, Medford, Oregon, Thursday, August 21, 1958 inflationary force since the Korean war. The unions deny it, contending business has been profit-greedy. The latest government report shows con sumer prices are nearly 24 per cent higher than in 1947-49. With direct controls ruled out in the President's state ment Wednesday, many ob servers feel the government will have to ' rely most on credit tightening in its fight to preserve the value of the dollar. , Saturday and Sunday are generally accepted as the two most dangerous days to drive in modern traffic. Only Male Contestant Doesn't Have Chance In Baking Contest Knoxville, Tenn. UPB As the only male contest ant in a 4-H Club baking contest, John Mullins didn't have a chance, really. He whipped up a batch of biscuits, put them in the oven and stood by to wait. A young lady contestant sidled up and engaged John in conversation. He joined in politely. Finally the girl moved on, and John, remembering, made a dash for the oven. His biscuits were burned to cinders. CHICO TO WED ACTRESS Hollywood (DM) Chico Marx, 67, oldest of the Marx Brothers, and actress Mary DiVithas plan to be married Friday at a friend's home. Buy At Builders Supply ESS QUALITY BLOCKS Bricks, Flues, Drain Tile 717 W. McAndrews Ph. SP 2-4107 we 6ive O Fife EN STAMPS. on Grocery Purchases 2330 Crater Lake Ave.-Phone SP 2-8188 Sr (NO GREEN STAMPS ON MEATS) M W ew m v r w-ew mmm w-ww r- r 3 WE GIVE . GREEN1 t Store Hours: Week Day, 8:30-9:00. Sundays, 10:00-7:00. We reserve the right to limit quantities.' ri D C tr vi i STAMPS These prices are effective Thursday Eve, Friday and Saturday Aug. 21-22-23 Be sure to come out and register for, the fine sf prjze$50 U.S. SAVINGS BOND : prizes to be given away August 30th, AB- - - solutely free! You do not have to buy 2nd Prize50 pCi Se, SAVOY-Stainless Steel Dinnerware to win. 3rd Prize $25 U.S. SAVINGS BOND i 4th Prize PORTABLE BARBECUE GRILL Local Grown Red Ripe Fruit! h ( niP-i 1 All Extra Fancy No. 1 Slicers II lli IDAHO m , , S N m Wk russets . III Local J r i f r ' (jf vssk Goodskinset (()) I Sweet Jry 1 Z' ' : Bag Del Monte 46 oz. Can PINEAPPLE JUKE PINEAPPLE-GRAPEFRUIT JUICE X APPLE JUKE Hi Country 46 oz. Can PEARS - Bagley , to PINEAPPLE - Hillsdale Sliced, No. I Can PEAS -Parly Time Early June, 303 Can PRUNE JUKE Del Monte, Quarts GRAPEFRUIT SECTIONS Del Monte, 303 Can ... 4 4 4 4 NAPK NS Assorted Colors FULL 80 COUNT m IUJ OFF O ATTENTION MOTHERS & KIDS O 7 Stock up this week on Paper, Pens, Binders, Pencils, Note Books, Erasers Everything! ON ALL SCHOOL SUPPLIES! OFF if SUNSHINE hoc ROAST . All Lean Boneless 0 Stew Meat ib. Barbecuewith Tenderizer Ib. All Bone and Fat Removed Ib. ROLLED ROAST 7w 0 Swiss Steaks Center O-Bone Cuts Ib. 1 1 1 i mm Cut-up, Ready to Cook Fresh, Oregon Grown 41c hot DO Old-fashioned Flavor Hearts & Tongues FRESH BEEF Ib. Young, Lean Beef T &7r U Ib. Delicious SPARE RIBS Full Sides from Midwest Corn Fed Porkers! SAVE ON OUR HOME FREEZER DEALS! Cut, Double Wrapped - Pick Them Up Anytime! 25 Freezer Deal lb. oo 2 Freezer . Deal lb. 18 00 5-LB. T-BONES 10-LB. ROUND STEAK & RUMP ROAST 5-LB. SIRLOIN 5-LB. GROUND ROUND . Grade A -Thick Sliced BACON SKINLESS . WIENERS 5-LB. RIB AND CLUB STEAK 10-LB. BEEF ROAST & SWISS STEAK 5-LB. GROUND CHUCK 5-LB. RIB STEW FED BEEF ONLY Buy One Each, Save Krispy Crackers 3-lb. Tin 0 lbs. 195 LP. Box
