Herald and news. (Klamath Falls, Or.) 1942-current, January 14, 1948, Image 3

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Herald and news., January 14, 1948, Page 3, Image 3

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Newspaper Page TextWEDNESDAY, JAN. 14, 1948 HERALD AND NEWS, KLAMATH FALLS, OREGON PACE THREI Truman Blends Optimism And Caution In Economic Report; Demands Controls WASHINGTON, Juii. 14 ll I'rralilrnl Truman ilrilsrrd today thai American prosperity la rlillni "wave of Inflation" toward the peril of "serious" hiialnras slump. Keying his seemid annual rru numln reporl lu a renewed plea fur leilaliillve power lu rope Willi soar lll( irlrrl, the rlllrf rieeullvn told the rrpiililli'uii-t'uiilrollrd riMisrrssl "The Altirrli-nn people are keenly aware Hint liirlulliin la llin domi nant prulilnn In nur uffulra." Mr. Truman uard urgent wonla III druimidliif onoe Hitiln the full len-plcre kit uf anil-Inflation lnola whlrli the lawmakers rrfuard him durlns" Inal fall's sperlal session. I If asserted that almidlir prlre, wale mid ratltmliic aiilhiirtty iirci "need ed', nrnlrd liailly, n d needed promptly." Ill iidilltlitu to c-onurcnMonnl nc tlou, the president rallrd upon busi ness lo cut prlcea wherever possible, "forrKuInu nulik mid dniigeroua exress prufll In favor nf long-run stabllllv." ' And lip urged labor to b "moder ate" In It third round wage de mands. Nnr did lie yield any ground on lAXpn. No Tat Cut lln Insisted llml llio t7JMtO.0O0.0O0 treasury surplus now In night for nest Jiiiip :io iniuil hp used to lowpr Hip nallunul drill, not cut lax rates as Ihn rriiljlciiiis hip ilrtprmlnrd to do. And Mr. Trillium repealed his pro positi for H 140 H wrnon "cost of liv ing" Income lax cut to be mudo up by higher tnses on cnnxiratlons. After reciting record - breaking guns during IIM7 In nrnrly every plla.e nf ernnmiilr activity, the rhlef executive forecast "nnothpr ypiir of aplrndld nrhlpvpuiPiit " Hut he Kxik nliirm ns well as pride In thn advance. "I'nlraa we as nullun ahnw an ability to linptiap restraints upon oiirsrlvrs and la iitlllie the machin ery of our representative govern nirnt to drvlap well-ronaltlerrd regu latory meaaurei, we aland In great danger that runaway prlret. over Krmlrit rrpdll and unbalanced de. velaiimenla will Irsct In an economic rereaalon. "We raiiuol be sine thai such a recession would not be aevere mid rerovpry alow and painful." More Income for consumer will lie nreded. Mr. Truman Mid, to keep production up when exports fall off. when credit shrinks, and whpn sv. Inea are reduced, and "more ron umer Income mint lie arrnmpanlrd by belter Inrome distribution." lie roiiunued: "Wlihln ten yeara, maximum em ployment will mean fW.oooooo Jobs or more." Thua blending optimism and cau tion, the prealdent gave this review f the 1017 economic record: Inrome (tain Consumer Inrome reached a new high rale of IIIM a eraon a year, fmpared with $!07t In early IMS. kit the buying power of the con sume! a Income dollar dropped near ly right per ceiil. Having were aiiuillcr anil conauiiipi s "drew In creasingly on credit." Consumer credit which Mr, Tru man wunta brought buck under war time controls alao reached a new lienk l3,:ioo.000.000 by year's end. Corporate profile before taaea roae to l.'N.OOO.OOO.OOO, or one-third hlghrr than In HUM; proflta after laaea wrre 117.000,000,000 aa com pared with IU.500,000.000. Itualneaa Inveatinent rrarberi a rrrord level of 125,000.000.000, but "aomo part" of the Inrreaao lay In higher prices of building and equip ment Hollaing unit completed were neurly double the 1040 number "but high coala raised the quratlon whether thla rate could be contin ued." Kxporla hit all annuo! rate of 120.. ooo.ooo.ooo, then derllned. The fu tore balance of trade will depend much "on the aire of government aid and private credits extended." The groaa national prodllrt, whlrb meaaurea all gooda and aervlrea pro duced In current dollar valuei. reached a 1237. 000.000,000 a year rale In the laat half of 1047, com pared with i:04,000,000.000 In IBM, Erosion Damage Cuts Wheat Acreage rollTLANU, Jan. 14 (Tj-I'ros-pecut for a record IM4B winter wheal crop In Oregon have been leMcncd by rain eroalou dainuge In the Co lumbia basin counties during the past aeveral weeka. Evan uheen, dlairlct fleldman for Uie U. 8. production and marketing admlnlatrullon, auld heavy waAliiug of winter crop ItcldA. particularly lu Morrow, milium and Bhcruuin counllra, would reduce the winter crop eatlmiltrd earlier at K.IWOOO bunhrU. Clhcen auld 260.000 rc in the Columbia baalu area of the atale auffered "moderate lo aevere" dam age. At lrt half of the atate'a total 1 ,000.000 acrea of wheat land waa bel'eved damaged to some degree by eroalnn during atornu that followed a period of heavier than average rainfall. Classified Ads Bring Results "A Wist Suggestion" PERTUSSIN FOR 8MC0VM l! iancs-n BIV rni nil Thousands of Doctors prescribed rnruiuiM" for yeara. It acts okcs to relieve such coughing. to Save of course, in a first National Mlstitl tIMIAt ttt High School and Cammeni By MARY LOU CASE Tlie lOlli annual Lions football biimiuct will be held tonight lit the Wlllanl hotel at 7 p. in. The bitu qurt la given lu l.ouor uf the KUII8 footbull leiim, the Henley HIKh tenin, and their coaches. AWi sie clal giicsls will be the KIJ yell stjuiid. Jack illshop will act as emcee. Hpeakcrs will Include Joe Peak, Wesley McNcc, president nf the Lion's club: Mrs. John IJouley, giving the mother's viewpoint; John Hrhiibert, giving a father's view point; Max Marvin. Hrnlpy High coach, Ed Ityan, KU coach, and Jim Aiken, Oregon University foolball coach. In a mhc!u1 Hcllcuna bioudi-ast. the awurds lo the most Inspira tional player of the year, and mont outstanding linesman, chosen by their teammates, will be relayed oer station KFJI from 11:30 lo 8:45 Don Paillette will officiate at tlie mike. To manage the affairs of Die I-alln club for the remainder of this year, and the first half of next, la Hlb Hooker, elected at a meeting Tuesday. To asslat are Barton Adams, vice president; Hetty Uen net, sccretury-treasurcr. and Helen Jackson. Krulcr rcixirter. These of ficers will be Installed at a ban quet. January 'i'i. Retiring officers are Hoy I-arsoii, president; Bob Hooker, vice president, and Helen Jackson, secretaiy-treosurer Next week's exam schedule has been definitely decided upon. Con ducted as they were last spring, the first period exam will be held Tues day uftcrnoou, for un hour and a half to two hours. The second period exam will be held Wednesday morning and so on, with the laat exam scheduled for Friday morn- my Here's one of the greatest Iron tonics you cm buy to OUO10 OP QG9 GtOOO t,6&?aOOaGtJ6TC3 11 1 . ciudi r AiurMi II JUU liaVV 9lltll S-S- r-l , fc. You girls and women who suffer so from simple anemia that you're pale. weak. "driulKcd out' this may be due to lack of blood-iron. Bo do trv Lydta E. Pinkhom'i TABLETS. Pinkhom'i Tublets are one of the enslpst and best home waya to help build up red blood to get more strength and energy In such cnf.es. They are a pleasant stomachic Ionic, tool Plnkhnm's Tnblets also relieve Dolniul distress, nervous, weak, Lydia E. Pinkham's TA CISTS part of f very pay check sayings account at Bank of Portland fOf It INIVsANCI f 6 f 6 A 1 1 lug. No achool will be held on Friday alter 10 o'clock. Practicing every day fur the laat two weeka iiave been the Pep Pep pers. Their effort are directed toward a hulftlme drill tor the Med ford Kluiniitli gume thla rrlday night. Considering ail the work that goea Into presenting a drill, it should be well worth the watching. Wheat Holdings Show Decrease POKTLAND, Jun. 14 0I'( Karm holdings of wheut on January 1 in Washington, Oregon kjkI Idaho were about two-thirds of holdings year ago, the U. H. department of agricul ture reported today. N. I, Nlelson of the bureau of agriculture economics, said hold ings In Oregon were about half of year ago and only 45 per cent of the 10-year average. Combined farm holdings for the three states on January 1 and yeur ago were: wheat, 18,330.000 und 28407,000 bushels; oats, 10JI83, 000 and 12,100,000 bushels; hay, 3310.000 and 4.305.000 toiui. Oregon wheat holdings January 1 were 2.504,000 bushels. Roosevelt Takes I Himself Seriously ! LOH ANOELES.Jan. KMVIm i doing all 1 can to produce more I democrats," dcclured James Roose velt, California democratic commit tee chairman, earnestly pleading last night for party support. It drew a big laugh from the audience. Roosevelt's fifth child daughter named Anna Eleanor for his mother was born last Saturday. IB) a r-i irrltoble feelings of "certain dayi" of the month when due to fe male functional periodic disturb ances, just see 11 you, too, aou 1 remarkably benefit I the 0 M 1 .J-s-. X m wa- 1 a s .sa-T . r New Store To Open Saturday TULELAKE, Jan. 14 W. D. Welch and R. E. Welch, formerly of Klamath Palls, will open tin Welch Purnlture company In the new Pat Murphy building near the Bank of America Saturday. II. E. Welch was employed by the Balln Furniture company In Klamath Folia for 15 years. An electrical appliance depart ment will be added at later dale, the business handling only house hold furniture at the present tlm. In a second room In the building which stands on the site of the Farmer's club destroyed by fire sev eral months ago, the Tuleloke Olasa company will open within two weeks. C. H. Lawrence and L. K. Weath erford, formerly owners of the Ven tura Olass company. Ventura, Calif., will do all types of glass cut ting, mirror resllverlng and Installa tion of plate glass windows. ,i:oitpi:'s ( iiliinrl Shop BUILT-INS SCREENS STORE FIXTURES 164 F- Main Phone 7261 k k A r. A A I r 1 lf- I f I IK Smart Modern Design Table Silvertone . 54-95 c u 49.95 Blond Mahogany Finish e,i 5.00 Down, 5.00 per month When you get Sflvertone you get qwofity and perform once far above the thrifty prices. Here again k top-flight value a strikingly handsome modem radio that g'rvei sweet, mellow tones from its 5V4-in. dynomic speaker. Ghost dial visible only when operortng. vi hf I - 'iSr MjLJ j Low Priced Silvertone Radio-Phonograph Reg. 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Streamlined design, push bnttons, blue Incite dlaL Built-in antenna, ivory plas tic case. t.Ofl Down, (.00 per month able Model Radio tine Saving 17.95 Compact Sitvertone radio In Ivory plaitk caie Willi cold colored grille, 3 tubes and 4-K dynomte speaker give rweet tones. 1.10 Down, 8.00 per month PAYMENT PLAN! STORI HOURS: 9 to 1:30 133 So. 8th. Phone 1181 v