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About Nyssa gate city journal. (Nyssa, Or.) 1937-199? | View Entire Issue (Dec. 30, 1965)
THE NYSSA GATE CITY JOURNAL. NYSSA. OREGON THURSDAY. DECEMBER 30. 1965 BABSON S FORECAST FOR 1966 Club Women Aiiend Display of Yule Ideas Sponsored by Extension Service (Continued From Page 1) Business inventory accumulation, likewise a big factor in the boom, should also become a less vigorous expan sionary force. Perhaps fears of inflationary price increases will encourage businessmen to maintain a healthy volume of inventories; but unless war threats intensify, I sec no need to pile up much more in inventories. 1 E Consumers will have more money to spend in 1966. I ***• forecast a further uptrend in personal incomes to new high ground An important influence in this respect is the impact of automatic wage increases which are called for in existing multi-year labor pacts. 1 C Also, 1 predict a further rise in the general structure of wage rates, as muny secondary labor unions seek to to match the gains of auto and steel workers. 1 *7 Unless another federal tax cut is enacted which now seems remote in view of the war effort and the present fiscal deficit net income after taxes may not rise as rupidly as gross income The social security tax rate is scheduled for a step-up. Also, higher state and local taxes including sales levies will place more of a burden on consumers. 1 Q Th® all-important employment situation should remain 1 A AO* generally good. We may have aeon the greati I portion of the rise in manufacturing employment. However, employ ment in government payrolls at all levels, and in services, should continue to score sizable gains. IQ I forecrat no radical change in the jobless picturs. Let me warn readers, however, that the problem is far from solved, and in coming years we may well have to reckon with j it. The draft step-up only temporarily eases things and gives a false sense of well-being. On Retail trade should onjoy another excellent year. Much of the gain in dollar volume, of course, will come from price rises Nevertheless, as long as personal incomes, em ployment and business hold high, consumer confidence will encourage spending SNAPPED BY DIRICK NEDRY, clerk - business manager for the Nyssa schools and a chaperone on the recent band trip to San Diego, this photo shows members of the NHS marching group as they went into one of their unique formations. The performance was viewed by approximately 35.000 spectators, who were on hand for the Dec. 19 San Diego-Oakland pro-football game, as well as an estimated million others watching via live television in their homes on the west coast. • e ♦ Chaperone Gives Resume of Band Trip I twin houses the radio people, one | the TV announcers and another ; cubicle has the public address an (Continued From Page 1) nouncers. ped into their buses again for a Sees How Garnet Are Reported ride down the Santa Ana freeway On the roof there were prob and along the Pacific ocean to ably 25 or 30 cameramen taking San Diego, arriving about 11:30 movies, in addition to the TV After a quick lunch the am cameras. This was one of the band was ready for the star PM high points of the trip to me and formance. was a once-in-a-lifetime opportu Play for 35.000 Spectators nity to see how these b;g games They marched around the foot are handled by the press ball field, escorted by a U. S. Ma ’Sports fans know that the San rine Corps color guard and ac Diego Chargers won the game, companied by an appreciative 24 to 14. and that Paul Lowe set applause from the crowd of some a new record for most yards gain 35,000 people. The kids played ed in a single season in the Am the national anthem and the erican Football league. He need game was under way. ed 11 yards to set the record and At halftime Gary Clawson an- gained 12 yards on his first car nounced the Nyssa band over the ry; so of course, got a tremendous public address system and the hand from the crowd. He wasn’t kids put on a wonderful perform used again after the first quar- ance. Their lines were straight ter, being saved for the cham- and they went through their rou pionship game with Buffalo on ' tines in what appeared perfect Sunday. Dec. 26. order. Return Trip Enjoyable The NBC people apparently After the game Sunday the I liked their show, and as the band three busloads of Nyssa kids tour- | was marching out after the game ed the San Diego harbor and the program director asked Frank saw much of the Pacific fleet and Turner if they would go through U. S. Navy installation. We took ! the show again as they had eight a quick look across the border, minutes to fill in; so the kids saw the hills of Mexico, and then were back on the field for an en headed toward home up highway core 395, arriving in Nyssa at 4 p.m. Officials Pleased With Band Monday afternoon. The weather Supt. W L. McPartland, Fred was clear and sparkling after a Aral and 1 were privileged to see week of very heavy rain, slightly the game from the press box and on the cool side and just right for took pictures of the band's per a most enjoyable trip formance at halftime. We were The performance and behavior standing right next to Mr. Hilton, of these kids brought good com who owns the Chargers, among ments from al) who were involv- j other things, and h" and the gen- ed with our group. Restaurant eral manager seemed pleased I people were especially compli- I with the band. mentary and our bus drivers re- i All of the Charger officials ported that they had never hauled were exceptionally cordial and a better-behaved group. treated us like visiting dignitaries In addition to the large crowd They printed a full page story at the game, the band was seen and pictures in their program of j by millions on TV on the west Nyssa and the band. coast. Nyssa was given very good ! The press box is a busy place publicity, and the townspeople One long section is occupied by! and , parents _____ ______ , ...... have _____ every right „ to reporters—about 30 of them, all I be proud of this 1965 - 66 high typing at full speed. Another sec- ' school band. Spending for food, apparel and general merchandise * should continue upward; also for leisure-time and vaca- — - - - ■ lion lines Color television is catching on. and I look for con tinued strong demand in this field. OO The automobile business will not be left out in the • spending spree. It will enjoy another prosperous year; but 1 foresee no significant upsurge beyond the high levels of the past two years. OO In view of the drain on our gold supplies, the govern- • ment has been endeavoring to promote domestic travel and vacations. Nevertheless, 1 forecast further interest in foreign vacations. In one sense, 1 am happy to see this. I have done considerable foreign traveling, and I feel that such activity is definitely advantageous. Furthermore, I feel that foreign travel can help Americans wake up to the advantages here at home and make them more thankful for the blessings they enjoy. OA Many readers — especially those retired and living on • pensions and social security are worried about fhe threat of inflation 1 forecast no radical inflation during 1966 the Administration is committed to “non-inflationary progress.” However, some price increases appear unavoidable. OC I predict that the greater danger will lie in credit m- • flation, rather than in price inflation. OC With the rise in defense spending and the cost of legis- • lation for the Great Society, the federal budget will suffer a sizable deficit In addition, states and municipalities are unable and unwilling to live within their means. Con sumers will also go further into debt. 97 Look for new increases in the cost-of-living index. The • government may try to head off substantial price hikes in key areas, but selective price rises will occur. OO Industrial commodity prices should remain firm to • higher, particularly in the first half of 19N The pri mary bulwark against a price runaway is competition, which should be basically more effective than government influence. OQ I look for an increase in domestic competition in 1966 • This should become more evident as the business up thrust tapers off. Also, we must not forget foreign competi tion. With many nations feeling the pinch of a dollar short age, they will work to remedy this by increasing their sales here. QQ Business in 1966 nocd foar no major labor tie-ups. How- • ever, strikes may well be numerous among the second ary labor units. QI I look for business failures to increase, both in num- all, let me remind readers of the dangers of using borrowed • bers and in dollar liabilities. This will be due to keen money to buy stocks. Those who “go off the deep end” may competition, excesses of debt and inventory accumulations, well regret it before very long. unwise credit extensions and careless management. At Those who invest (not speculate) on the basis of growth Q2 Of greater concern to mo is the steady climb in non- • will sleep better nights. I have in mind the expanding • farm real estate foreclosures; J expect a further rise population, rising incomes, scientific advances, greater leis in 1966. ure, and above all the impact of the Great Society. QQ Business profits in 1966 will not advance as sharply as AC Investors should be pleased with cash dividend pay- • in the past two or three years. The squeeze is on in • ments in 1966. I forecast they will show another in profit margins; hence I look for a tapering off in the rise of crease. I would also expect a rash of stock dividends and stock corporate profits, although I foresee no drastic slump while splits, particularly in the first half of the year. activity holds near peak. If businessmen, consumers and investors do not act vol-1 QA Looking at the farm sector, I see no radical change from • untarily, to keep inflationary pressures and speculation ! • the excellent 1965 year. Barring a crop failure or sev from getting out of hand, the monetary authorities may be | ere drought, farm prices, at worst, should shade only slightly forced to raise margin requirements on stock purchases, and lower. perhaps tighten credit further. QC Farm equipment manufacturers should enjoy good bus- AO Look for somewhat lower bond prices in 1966. Although • iness in 1966. This goes also for fertilizer and pesticide • we are not in immediate danger of credit exhaustion, producers. the banking system is under some strain from the rapid ex Qg The important building and construction lines should pansion of credit in recent years. My advice is to buy bonds u * hold their own in 1966, but their dollar volume may be which mature in five years or less. The time to buy good due largely to price and cost inflation. The Great Society longer-term bonds will come when the yields of short-term program is a plus factor for construction, including urban re bonds exceed those on long-term issues. AQ The dollar will not be devalued in 1966. Possibility of newal and highways. • devaluation of the British pound will undoubtedly come Q7 Private home and apartment building could show slight ® improvement, i m nrzoinmnn ♦ Iviif Vw» r»z»r* 1x4 4 Am 1 building to the fore again, but additional effort will probably be made but ♦ the real 1 boom in residential to keep the pound from “going under.” I fear, however, that will not register significantly in 1966. QO Hence. I forecast that real estate conditions will remain all this is only “buying time”. . . that devaluation of the • selective. Well-located sites for homes and industrial pound mt-y be inevitable. I neo no cure for the outflow of gold from America's and commercial complexes will do well, but study of local CQ • shores in 1966. However, in view of the importance of conditions is imperative. QQ I predict a further increase in farm land values in 1966. the U. S. in international trade and world military considera • With costs still rising, the physical size of farms must tions, foreign bankers will be reluctant to withdraw their expand so operators can benefit from mechanization. This gold en masse. Bear in mind also that there is no country’ places a premium on well located land in the important and that can match our industrial and military might . . . and that, among the leading nations, the United States has suf larger agricultural regions. AQ The steady advance toward fuller automation should fered least in terms of the ravages of inflation and political make further progress in 1966, helping industry to cope instability. with rising operating costs and shorter work weeks. Al Trees do not grow to the skies: neither does the stock • market rise unendingly. While I forecast that the stock market — as measured by the Dow-Jones Industrials — can surpass the high mark of 1965, I anticipate a volatile 1966 market with a good-sized drop-off a real possibility sometime during the year. Starting Monday, Jan. 3, 1966 AO Even though the stock market may push to new highs, • any further advance may not bulk large percentage wise. If business and corporate profits show a tendency to taper off, the fundamental basis for a worthwhile advance will be removed. 4Q Speculative enthusiasm and inflation fears can be ex- • pected to figure prominently in the stock market dur ing the course of 1966. The urge to make a quick buck is in 909 Park Avenue Phone 372-9952 creasingly evident. NYSSA . . . OREGON 44. I forecast that 1966 will not be the time for illogical • speculation and gambling in the stock market. Above Ol mam PAGE FIVE By Mabell® McKaqu* NU ACRES — The Extension service of Payette held its Carni val of Christmas Ideas Dec. 17 at the Methodist church in Fruit land. Demonstrations were given by Mrs. Zelda Dailey, candy mak ing ideas by Mrs. Leona Ander son of Idaho Power company and a demonstration of lace decorat ing of pottery by Mrs. Watanabe of Fruitland. There was also a display of hobby work and other Christmas ideas. A silver tea was held fol lowing the demonstrations. Those attending from the rar merette club were Mmes. Effie Nielson, Elizabeth Baxter, Arvin Kersey, Leona Bryan, Ezada Betts, Carol Betts, Zelda Dailey and Mabelle McKague. Mr. and Mrs. Dennis Heap OÍ Blackfoot, Idaho, were Dec. 18 overnight guests at the home oí his grandmother, Mrs. Elizabeth Baxter. Mr. and Mrs. Heap »re students at Idaho State university in Pocatello and were enroute to Madras to spend Christmas with his mother. Mr. and Mrs. M. A Jones left Dec. 17 on an extended trip to western Oregon and points along the California coast. They plan to return to their home here after the first of the year. Mr and Mrs. Robert Shaw Sr., Mr and Mrs. Robert Shaw Jr. left Saturday, Dec. 18, for Ana conda, Mont., where they plan to spend a few days. Les Gardner, George Wilson I and Delbert Wilson report no I luck during a recent elk hunting Club Holds Yule Party Farmerette club members held their annual Christmas dinner i Dec. 15 at the home of Mrs. Alden Bryan in the recently completed large family room of her home The traditional turkey and trim mings were served; a gift ex change was held and treats were given to each child. There were 12 members, two guests, Mrs. George Wilson, Mrs. Kathy Storey and eight children in attendance. I A social afternoon was spent and the women express appreciation to Mrs. Bryan for her hospitality. Recent visitors at the Rob ert Shaw residence were Mr. and SHAWS EXPRESS THANKS We take this opportunity to thank our friends and relatives for food" And kind expressions of sympathy extended to us follow ing the death of our son and bro ther, Gary W. Shaw. —Mr. and Mrs. Robert C. Shaw Mr. and Mrs. Robert A. Shaw Mrs Edgar Hite of Grants Pass, Ore.; Mr. and Mrs. Warren Bogle of Payette; Mrs. George Clark of Drewsy; Ron Schelley of Murphy, Idaho; Mrs Deraid Northrup and two children of Ontario. Other relatives and friends also called there during the week. Mr. and Mrs. Dennis Heap ar rived Christmas evening at the home of Mr. and Mrs. Ralph Bax ter where they remained over night. They left Sunday for Em mett to visit other relatives and friends before returning to Poca tello to resume their college studies. Mr. and Mrs. Ralph Baxter were Christmas day guests of their son, Mr. and Mrs. Ralph Walker at Payette. Mrs. Effie Nielsen spent Christ mas day at the home of her daughter, Mr. and Mrs. Arvin Kersey and family in Fruitland. Food specials SUN VALLEY OLEO....... 5 Lbs. 95* ASSORTED — PARTY Qt. Bottles (Plus Deposit) VUr Mixers £ ..................... 4 for O W ASSORTED NESTLE'S ’I Candy Bars Sunny view Farm HALEY'S Preserves 3 12-Oz. ï™51 00 Jars CHILI I 4 15-Oz. Cans $100 GOOD and CHOICE . Lb. 43* . ... Lb. 59* Chuck Roast GOOD and CHOICE — Round Bone Swiss Steak GOOD and CHOICE KEIM'S Chuck Steak 55*Lb. Ring Bologna MORTON'S Pot Pies 7 for $l<>0 3 R’n9s 99c PASCO —FROZEN Orange Juke 6 ® 95' Í mm OPEN EARLIER WE'LL OPEN DAILY AT 11:00 A.M SUGAR BOWL U. S. No. 2 TANGY — JUICY Potatoes 20-Lb. Ety Tangerines ?bs........... 25* Bag . . . il 0 : 0 O o i! 0 0 S 0 0 Ï 0 0 0 0 Best Wishes for a Happy, Prosperous New Year! SALE DATES — Dec. 30-31 — Closed Jan. 1 and 2 o o l