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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Dec. 13, 1959)
HERALD An NEft'S. Klamath Falls. Ore. Sundav. nee. 13. 1P59 PACE R A -( K!fe inflation Argument Eiot As Many Experts Differ HAPPY PAPPY F. E. Beene got plenty of help with a helping of the main course from Fre mont Junior High students, clockwise, Danny Kettler, David Vincent, Tom Golden and ton, Jimmie Beene, during the annual father-son banquet Thursday night. Banquet Held By School The fourth annual Fremont Jun ior High School father-son banquet attracted 235 dads and their boys Thursday evening. They were served beans, salad, to.isted french bread, cake, coffee and hois d'oeuvres by a team of junior high girls honor society members and cooks. Principal Lowell Kaup said, "the dinner gives us a chance to meet dads, to thank them for support ing our magazine drive, and to get fathers and sons together for a friendly evening out." A similar fete, a mother-daughter tea, is conducted each spring. Normand Poulshock's junior high band and Don Herbig's boys' glee club presented a musical program before dinner. DeLance Duncan. Klamath Un ion High School wrestling coach and some of his students demon strated wrestling holds and ex plained methods of awarding points in wrestling. Steve Warden of the local Y.MCA presented a trampoline demonstration. The evening was planned by a committee headed by Walter Nit- zel, math teacher at Fremont. MARINES COME THROUGH HONOLULU (UPI) - Mrs N'annette Frost, 30, of St. Peters- burg, Fla., a victim of melanoma (cancer) and urgently in need of blood, got a Christmas present Friday from 45 Marines. Forty- four volunteers responded to an appeal from Mrs. Frost's brother, acting gunnery Sgt. Joseph E Phythian, to join him in donat ing blood. MEN SUFFOCATE MANCHESTER, Tenn. (UPI) A coroner ruled Friday that Jes sie Espy, 88. and his son, Hor ace, 47, suffocated in a fire which destroyed their home. dead dog lay at the feet of each man. NEW YORK (UPI) - Inflation is being discussed freely these days with a tinge of evidence developing that it is losing lorce But there is sufficient diversity of opinion on that score to keep the kettle boiling. Merrill Lynch, Pierce, Fenner & Smith in its current security and industry survey stresses the belief of Per Jacobson, head of the International Monetary Fund. that world Inflation is ending. International Statistical Bureau notes there is less and less stress on inflation, not only in Congress but among leading analysts. On the other hand, Standard & Poor's believes that rising de mand for consumer credit and the unremitting drive for higher wages wul add an inflationary spur. The Stock Exchange firm o( Arthur Wiesenberger & Co. warns against jumping to conclusions that because the credit base is being enlarged it means a new trend. This is the season when such enlargement is necessary to take care of year-end needs, the firm notes. International Statistical Bureau finds the public apathetic to in flation warnings mainly because the cost of living trend has lacked uniformity. "Prices of those items which the public considers most im portant (ood, and apparel to some extent have shown very lit tle gain." says the bureau. 'The higher service costs seem to have been taken in striae. Most services can be increased or de creased at the discretion of the individual, even though some services have become almost a necessary part of our present day America. "The fact that Vice-President Nixon's committee has switched its emphasis from inflation to economic growth is a fairly good indication of the psychology of political thinking." The Merrill Lynch contribution stresses that production 1 every where has been rising. Competi tion for world markets is sharp, it notes, with commodities in sup ply, and our own traditional ex cess of exports is being balanced by imports from a revivified Europe. "The change in our balance ot foreign payments." says the sur vey, "is making it necessary for our government to become morel realistic regarding spending. j "How much can we afford to i spend for defense, how much for foreign aid. how much for farm support programs which have produced such surpluses? "Can Uncle Sam indefinitely spend beyond his means?" The firm, hoping there will be a "sensible settlement" of the steel strike, says "an inflationary settlement could cause a near term binge in the stock market along with the customary head- FOR SALE REAITO I ! M'ftilgPUII 5 17 MAIN ST Aflrthif Hem UI4 kr JAMlS P. ITILWtll ft CO. OM New ft tm$t WMf AitiM 0 fBUYl Km "o cmp,e'e $ a M ill taUiL Vf$tXL Wardrobes IX Kin 'VN3A & D" Set 1 ty GIFT WRAP, TAGS, SEALS TIMCO 8 GLOBE Light Sets GLITTER Asst. Odors 69c 25c, Globes For Every Size & Need - Also Patio Globes. c Little Miss Dress Ups. 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