miDAY, JULY 1, 100O
In the Day's News
Ry FRANK JENKINS
Fitful Ciwlru, 111 n lowvrlii(
rimo, tluuiitmi. to aulxu Anmr
Iciiii liivvnlnu'iitH In Culm
"penny by punny, until nolli
hiK In Iff I" II thu United
BtuluH cut Its purcliiwuH uf
C'ulinu miiinr.
Hit .limit, thai "fur uvory
liouncl of auKiir ruinoved from
tlio quoin our reitlme will
tnku nvvr mi Aiiuirlciin miKiir
mill." (There are only 30
AmurU-iin-owiied miKiir mills'
In Culm. Mo cxiliiliiH tliu l Im
cicpiiney liy .iTeiiiiilnii Hint
Ilia tliicnt Inclutfoa ALL Amer
ican Inti'ifdlK In Culm.)
llu IiiiwIh: "We'll liiliu mill
tn ku unit take until not oven
thu nulls of tliu soles of the
American mill owners' .hue.
nre left."
COMMENT?
"Whom tlio nods would
destroy, they first make mud."
Look out, Senor C'lislro.
You're HettiiiK pretty hot.
WHY la Fidel ao mad?
It'a ipillu simple,
Out of wnriuliciiiteil Ilk
lnU for the Ciihuna, whom at
thu coat of u war wu freed
from Spanish mlarulu and op
pression, wu buy u lure aharc
of our suitor from Culm (thua
depriving our domestic grow
ers, on the American main
land mid In lluwnll, of that
much added market for
THEIR sugar) and pay the
Cubans a subsidy bonus for
It.
Now wu'ru threatening to
cut off tlio subsidy because
Castro la tyluii up with the
communists. No wonder he's
mad!
IN NOKTll Dakota the wheat
formers are mud. They're
mud because under the pres
ent administration the wheat
subsidy Isn't as bill as they
think It ouiiht to be. So they
flock to the polls and vote
for a Democrut for U.S. Sen
ator. As this Is written, It looks
llko a toss-up, but the furiii
precincts are lining heavily
for the Democratic caiidldiitc.
IT MIGHT be udded that
over the country us a whole
taxpayers arc getting hot un
der the collar becnusc of the
lilllh cost of the wheat sub
sidy, which comes out of the
taxpayers' pockets.
Jusl in Time for the
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valued at $39.95.
SSj(K-i'l'WV,'.ViiAi-n. i
iff" ' ' M..
Hudson's
613 East Main St.
ft -
AK1LLEH storm system
struck thu Middle Weal
with tornadoes, winds up to
11!) miles an hour and HAIL
STONES TWICE AS 1110 AS
I CI! CUUES. In addition lo
killing plus and ehlckuns, the
hailstones bruised 411 golfers
might out on the links of a
fashionable Hockford (Illinois)
country club.
It looks like EVEN MOTH
EH NATUHE Is In a vlndlc
tlvu mood,
QUESTION:
Is EVKHYHODY sour nnd
mad these days?
The answer la NOI I I
Thuro la Helen Keller.
HELEN KELLER was born
deaf. Because she wna
deaf, she wna dumb. If you
can't hear how a word sounds,
you can't leurn to spenk. At
tlio line of 11) months, she was
DL1NDED by an Illness.
Did alio fly Into a rngc
and Klvo up? Shu DID NOT.
With the help of n devoted
woman, she learned a touch
alphabet by means of which
her helping lillKrl was able
lo make contact wllh her
mind. Then alio went to u
deaf school and . learned to
apeak well enough to lio to
college. She Kradunted cum
luudc (with praise) from Had
cllffe. She la master of sev
eral liinqungcg, a student of
religion nnd science, has trav
eled and lectured widely over
the world nnd Is the author of
several books. Sho celebrated
her HOUi birthday the other
day, and looks forward to
YEARS of happy hard work
and helpfulness to others.
Thu woman who made all
this possible for her was Anne
Sullivan, who devoted her
life to Helen Keller. Anne
Sullivan died in 11)36. and
ai(iiin Helen Keller might
have been left alone but for
another devoted woman, Polly
Thompson, who took Anne
Sullivan's pliico In Miss Kel
ler's life.
IjWKRYBODY, you see. Isn't
" mod.
There arc GREAT SOULS
In this world.
APPROVE ISRAELI LOAN
Jerusalem, Israel -fflPD- The
West Germnn cabinet had ap
proved a $500 million loan lo
Israel, according to an Israel
newspaper.
LAND CAMERA KIT!
.fc?N
n ijf (OA
Rogue Camera Shop
Economists Believe
Situation Licked for
By ELMER C. WALZER
UPI Financial Editor
Now York - IUTI) - Econo
mists n i u saying In effect that
our inflation Is licked for the
W present.
r -m a Moan nit.
fX? ' V,l E u r o p e is
r wJJj booming In In-
'it'll dustry a n o
Pi s u f f r I ng
. a i..
p'n 1 I U III Nil hi
tlnnary inliu-
nees. E n g-
nd the other
ay lilted its
Elmer Walser discount rale
lo (J per cent from 5 per cent.
A short time before, Ger
many boosted Its bank rule
from 4 per cent to 0 per cent.
These countries nro seeking
to restrain a boom that has
been lifting consumer prices.
In the United Stales, ac
cording lo Martin R. Galns
brugh, chief economist for
the National Industrial Con
ference Board, "The Inflation
generated by World War II
and recharged by the Korean
War uppears lo have reached
Its crest with the start of
the sixties, If not some years
before.
Traditional Pattorn
"Growth In volume nnd
rising prices combined have
brought the nation's money
supply again into balance
with the dollar value of out
put." G.'ilnsbrugh holds that we
are returning to a more tra
ditional business-cycle pultcrn
In which the forces for
growth must come from In
ternal rnther thnn external
sources.
"The Federal Reserve's re
cent reduction In discount
rales could well be the first
of a series of steps designed
to bring patent Investment
more actively Into the mar
ket in the second half of
10(10 and beyond," he soys.
"Such efforts no longer
court the same type of risk
as In earlier post-war recov
eries." Living Coil Rlia
Marcus Nadler, economist
for the Hanover Bank, be
lieves commodity prices
should remain relatively sta
ble. However, he sees fur
ther rise abend In the cost of
living index largely because
of the Increased costs of ser
vices. A. W. Zelomck, president
Fourth!
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nnd economist for Interna
tional Statistical Bureau, says
"We will have neither Infla
tion nor deflation." Ho looks
for a slightly cnsler money
situation, firm prices, and a
supply of money equal to take
care of needs.
First National City Bunk
In Its currnt letter finds the
rise In consumer prices in the
United States hus been re
tarded since 11)54, paring the
annual rnto of dollar shrink
age to on even 2 per cent
for Ibo deende l4t)-l!50. It
finds a somewhat similar rec
ord in Canada.
Curbtd In Olher Land
The bank notes that among
other Industrialized nations,
the process of inflation has
been decisively curbed in Ja
pan, Italy, the Netherlands,
nnd the United Kingdom, al
though rates of currency de
preciation for this group over
the ten years still range from
2.7 to 4.1 per cent.
The bank has tabulated
rules of depreciation in 115
leading countries. Portugal,
Switzerland, nnd Ecuador are
on top of the list with the
best showing. Five South
American nations are on th
bottom with an annual rule
of currency depreciation
ranging from 1S.5 to 38.3 per
cent over the 10 years stud
ied. Awaiting Second Wind
Bolivian currency fell from
100 Index in 1949 to a mere
one in 1959. Chile was down
to 4 from 100; Paraguay to
5; Argentina to 9, and Brazil
to 10.
In the 10-yeor period the
Try and Stop Me
By BENNETT CERF
SINCLAIR LEWIS was reclining in a deck chair aboard a
transatlantic liner one day when he spotted a very dig
nified, old lady a few chairs away engrossed in his latest
book. Sho obviously was
enjoying it, too, chuck
ling and nodding approv
ingly from time to time.
Lewis was about to
movo over and introduce
himself when two for
midable matrons bore
down on the old lady. She
saw them coming, too,
murmured audibly, "Oh,
dear," ran over to the
railing and quickly drop
ped the Lewis book overboard.
John Fuller went Into a neighborhood drug store and asked for
a, small tube of shaving cream.. The carton handed to him by
the clerk was conspicuously labelled "LARGE." "Hey," he com
plained, "I asked for the small size." "That's right," agreed tha
clerk. "The product comes In three siics: LARGE, EXTRA
LARGE, and COLOSSAL. What you have there is the small
size: LARGE."
C I960, by Bennett Ccrf. Distributed by King Futures Syndicate
Wall Street
New York-IUPD-A highly
favorable technical indication
was provided last week when,
for the first time this year,
odd. lot sales exceeded odd-lot
purchases.
The records tell us that the
odd-lot public has been noto
riously wrong in predicting
the course of the market. Usu
ally, the shift toward odd-lot
selling has preceded a boom
In prices.
In 1958, for example, one
of the most dramatic ad-
Multnomah County
Officials Due Raise
Portlnnd-UIPD-Approval was
given the board of Multno
mah county commissioners
here Thursday by the Tax
Conservation and Supervision
Commission for salary rnises
for elected county officials.
The Increases average about
11.5 per cent.
The Stale Tax Commission
must now approve the' raises,
according to Ivan W, Elder,
administrative assistant to the
Conservation and Supervision
Commission.
The raise is the first for
elected officials in Multno
mah county since 1958.
Umetilla Typhoid
Cases Reach Eight
Mllton-Frcewater, Ore.-mrn
-Tlio unofficial number of ty
phold fever cases in the past
six weeks In Umatilla county
has gone up to eight.
Although only four cases
have been confirmed by the
slate health department, state
and lncnl health authorities
Immediately stepped up their
effort to u the outbreak.
Health officials said they
are concentrating their search
for an unknown carrier,
which may be spreading the
disease.
More thnn 5,000 residents
of Mllton-Freewntcr and Uma
tilla county have already re
ceived partial immunization.
Mllton-Frcewater has a ponu
latlnn of about 5,000 and the
county has a population of
52,388,
MEDFOHD MAIL TRIBUNE. MEDFOHD, ORE.
Inflation
Present
U. S. dollar fell from 100
In 11140 to 82 In 1950. Portu
gal got down to 95 In the
same period, Switzerland to
90, Germany to 88 and Ecus
dor to 80.
Measured against the five
Latin American nations men.
tinned, the U. S. inflation was
a breeze. And now It Is held
the 2 per cent annual rise
may be cut down despite in
creased costs of services.
However, inflation could
come back, It is held. Stand
nrd & Poor's iys inflation is
not dead; It is merely waiting
for Its second wind."
Prices Fairly Lovol
The price level has re
mained fuirly level in the past
year or so because some pro
ducts have been declining
while others have been ris
ing, soys Standard.
"One of the softer sectors,"
says this slatistical agency,
"has been farm prices, but
there ore now signs that an
upturn muy develop in com
ing months. Meanwhile, ser
vices continue lo increase in
cost.
"Our price measures, how
ever, are believed to be Im
perfect. They are deemed by
economists to make Insuffi
cient allowance for the Im
proving quality of goods
for new techniques and equip
ment in the fast-growing ser
vice area.
"While there is general
agreement that Inflation has
not been permanently check
ed, there is considerable
question that presently-con
stituted price Indexes are the
Ideal measures."
7-1
Chatter
vances in stock market his
tory followed just such a sit
uation.
L. O. Hooper of W. T. Hut
ton & Co. thinks that Stand
ard Oil (X.J.) may be one of
the more interesting oils be
cause of the large discoveries
the company has made in
Libya. These discoveries are
not "small," he says, even in
relation to Jersey's huge size.
Walston & Co. notes that
the doubling by Union Oil of
California of its quarterly
dividend lo 50 cents was good
news for Phillips Petroleum
whtc recently bought over 1
million shares of Union Oil.
Goodbody & Co. r e c o m
mends an "off-beat switch"
out of Alcoa and into Ameri
can Metal Climax.
The investor would thereby
obtain about four tiiius us
much earnings, if allowance
is marie thnt one share of
Alcoa equals only slightly less
than four shares of American
Metal Climax plus a consider
ably higher dividend outlay.
There is an Important ele
ment of dependable growth
in Climax, Goodbody says.
Phoenix Students To
Attend Festival Play
Ashland - Sixty students
from Phoenix High school will
attend the Oregon Shakespear
ean Festival, according to the
festival box office.
The group, under the lead
ership of Mrs. Audrey Lytle
English teacher, will attend
the Aug. 7 performance of
"Julius Caesar."
EXTEND GI BILL
Washington -lllPIl- The Sen
ate has passed and sent to the
White House a bill to extend
the GI mortgage loan pro
gram for World War II vet
erans another two years.
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