anaheim-bulletin 1959-04-30

THE DINNERWARE STORE OF ANAHEIM Mitchell's..... WHERE DREAMS COME TRUE through our BRIDE'S REGISTRY Registry Service for your Wedding Gifts Mitchell's Bride's Registry — and Mitchell's foremost collection of fine China, Crystal and other home accessories — help all these dreams come true. China, Glassware, Gifts Open Fridays Till 9 P.M. 239 West Center Jail Inmate Mugger By Orange County News A May 2 jury trial has for two Orange County mates charged with strong robbery of fellow prisoner their expense money. They are Wayne McMurdo of Los Angeles, and Covarez, 20, of 2109 7th St. Ana. The pair allegedly took from the other prisoners b ening them with violent are charged with five armed robbery. Alvarez, it is recalled, several men convicted f Fullerton Armed robber Murillo, 18 who escaped last September. Murillo was arrested GREATEST REDUCTIONS EVER OFFERED — ENTIRE S M. B. SHOE ST QUITTING BUS This Fine Stock of Shoes have been Ruthlessly Slashed in p sell fast! Time is short. Now the rest depends on You !! THE FINAL PRICE SLIM THE FINAL PRICE SLAM Selling Out to the Bar WE QUIT FOREVER! The die is cast... WE QUIT FOREVER. After careful thought and taking into consideration THE GREAT LOSS THAT MUST BE INCURRED in winding up this business, we have decided to place the entire stock on sale at TER-RIPIC MARKDOWNS... Let the loss be what it will. MEN'S WOMEN'S CHILDREN'S THIS SALE INVOLVES EVERY PAIR OF SHOES IN THE STORE "TIME IS LIMITED". Store will close as soon as this stock is disposed of loosely slashed in price showing at a glance the tremendous savings offered orders to the liquidators are clear and official... time is short... SELL Women's Special Group DRESS SHOES 1.00 Pr. SALE PRICE Women's Name Brand Hi-Heeled Dress Shoes Regular 12.95 5.90 FORCED DISPOSAL SALE Women's FAMOUS BRAND DRESS SH REGULAR PRICE 14.95 1.00 Pr. SALE PRICE Women's Name Brand Hi-Heeled Dress Shoes Regular 12.95 5.90 SALE PRICE Women's FAMOUS BRAND DRESS SH REGULAR PRICE 14.95 SALE PRICE OPEN SUNDAY–10 A.M. Famous Brands MEN'S SHOES FLORSHEIM WALK-OVER FREEMAN BOSTONIANS ROBLEE, JARMAN SALE PRICE 12.88 Values to 32.50 Men's—Boys' Flagg Bros. Shoes SALE PRICE 5.00 STORE for RENT Children's BUSTER BR SHOES SALE PRICE 3 Boys'—Girls' Red Goose Sizes 5 to 9 Reg. Price 5.98 SALE PRICE CLOSING OUR DOORS SHOES AT YOUR NEXT DOOR TO FOX THEATRE M. B. SHO 225 W. CENTER Jail Inmate Mugging Suspects Face Trial By Orange County News Service A May 2 jury trial has been set for two Orange County jail inmates charged with strong armed robbery of fellow prisoners for their expense money. They are Wayne McMurray, 20, of Los Angeles, and Conrad Alvarez, 20, of 2109 7th St., Santa Ana. The pair allegedly took money from the other prisoners by threatening them with violence. They are charged with five counts of armed robbery. Alvarez, it is recalled, is one of several men convicted for aiding Fullerton Armed robbery John Murillo, 18 who escaped custody last September. Murillo was arrested for the armed robbery of an Anaheim liquor store. His co-partner in the crime, Joe Sanchez, who shot the owner of the store in the thigh, was sentenced to prison. Local Couple File Suit Of $16,000 for Injuries SANTA ANA (OCNS) — An Anaheim man and his wife have filed a $16,000 personal injury suit in superior court against Gerald Fitzgerald of Illinois. Louis and Grace Urmstron, 548 Resh, claimed they were injured in a two-car crash 58 miles east of Baker, San Bernardino, May 8 of last year. The couple is seeking $16,000 in general damages. YOUR MONEY'S WORTH Challenge in the Making on Bond Interest as Set by 1917 Congress By SYLVIA PORTER Way back in 1917 Congress passed a law saying that the Treasury could not issue a United States Government Bond — meaning an obligation due in more than five years — paying over 4¼ per cent interest. Through all the decades since this legal ceiling on interest the Treasury can pay on its bonds has remained unchallenged. Now, though, the challenge is in the making. For in the open market today prices of U.S. bonds have slumped to levels which give buyers a yearly return of over 4¼ per cent — almost at the limit. If the Treasury did try to get a loan for more than five years now, it would have to pay well over 4 per cent. It isn't trying to get the loan for the blunt reason that there aren't many buyers for U.S. bonds today even at this rate. With credit due to tighten, the interest rate ceiling on Government bonds could be reached fairly soon. And when and as this happens, the Treasury will be forced to restrict all its borrowing to short-term paper, or it will be compelled to ask Congress to let it pay over 4¼ per cent for longer loans. It's a brutally tight "box" for the U.S. Treasury. The Treasury is in the box because during this postwar cycle of inflation investors have become progressively disenchanted with buying U.S. bonds, for these provide no hedge against inflation. It's in it because during these recent months of huge Government deficits the Treasury has had to sell billions of dollars of new securities, and investors don't want to buy more. It's in it because wouldn't sell below issue price. Knowing they ways get their money back, would buy willingly and just dump their holdings on Federal when they wanted it would make the Feder 'engine of inflation' it was '40s, but banks and businesses be happy for a while. Want it? Or Congress might pass forcing investing institution keep a specified percentage U.S. bonds. No one knows that would lead, but it would us a ready-made market that?" "No!" And so we went down until we came back to that there are no simple so The only basic answer is no investor confidence in bonds, and that will rest on turn of confidence in a starlar. Meanwhile our great U.S.ury is fumbling through interest rates that would s credible only a few years bowing to the market's re lend to it for any long-term (Distributed 1959 by The H dicate, Inc.) (All Rights Reserved) Widow of 'Big Boy Gives Birth to Boy HOUMA, La. (UPI) Jaye P. Richardson, widow rock and roll singer kn the "Big Bopper," gave Tuesday to a boy. She named him Jaye FINAL SLASH the Bare Walls MEN'S WOMEN'S CHILDREN'S 225 W. CENTER ANAHEIM SALE EVERY OF SHOES E STORE GIGANTIC SHOE SACRIFICE On this stock is disposed of... Every last item has been ruth悬ous savings offered... All items plainly sale-marked. The time is short... SELL OUT — CLEAR OUT — GET OUT! RCED POSAL ALE GRAND DRESS SHOES 95 $3 Pc. Women's Special Group WEDGIES FLATS 1.97 Special Price Women's High Grade Flatties Casuals Val. to 8.95 Sale Price 3.97 It's a brutally tight "box" for the U.S. Treasury. The Treasury is in the box because during this postwar cycle of inflation invest-ors have become progressively dis-enchanted with buying U.S. bonds, for these provide no hedge against inflation. It's in it because during these recent months of huge Gov-ernment deficits the Treasury has had to sell billions of dollars of new securities, and investors don't want to buy more. It's in it because during this economic upsurge demands for money are intensifying and the Treasury is competing for the credit avail-able. So disturbing is the Treasury's plight today that the leading fin-ancial minds of the nation are now struggling for solutions to it. When I was in Washington last week I queried a top Treasury official on ideas being submitted and finally, after I'd urged, "Let's skip the temporary' solutions and get down to fundamentals," our conversation went like this: "An answer for the Treasury, of course, would be another busi-ness slump. It would destroy a lot of people, but then credit would get easy and cheap again and we'd have buyers for U.S. bonds." With quiet irony he added, "Want that?" "No!" Another answer would be a crackup in the stock market, which would remind people that U.S. bonds aren't to be sneered at. It would hurt many people but help us." Again with quiet irony, "Want that?" "No!" "We might arrange to have the Federal Reserve System supply banks with all the cash necessary to buy our securities. That would be the same as 'printing' billions of new greenbacks and, under today’s economic conditions, would make inflation certain." A pause. "Want that?" "No!" We might work out a deal un-der which the Federal Reserve would guarantee that U.S. se- Local Man Honored By Kraft Food Firm Henry P. Bertani, foreman, at the Kraft Foods plant, in Buena Park, was honored for 25 years of service with the company Monday. The award, a specially engraved gold watch, will be presented by D. J. Balkovich, plant superin- tendent, at a dinner in his honor. Tribute was paid to Bertani for pay over 4¼ per cent for longer loans. Widow of ‘Big Boo Gives Birth to Boy HOUMA, La. (UPI) Jaye P. Richardson, widow rock and roll singer kn the “Big Bopper,” gave Tuesday to a boy. She named him Jaye L. Richardson, who skyroo fame with his recording tilly Lace," was killed in plane crash last February his wife also had a five girl. GRAND DRESS SHOES 95 SALE PRICE $3 Pr. Women's High Grade Flatties Casuals Val. to 8.95 3'97 Sale Price -10 A.M. TO 5 P.M. Children's BUSTER BROWN SHOES SALE PRICE 3.97 Boys'—Girls' Red Goose Shoes Sizes 5 to 9 Reg. Price 5.98 1.97 SALE PRICE Girls' Poll Parrot Summer Sandals SALE PRICE 1.97 SAVE UP TO 50% AND MORE These Prices Only on Quitting Business Sale "Sale Licensed by City of Anaheim" DOORS FOREVER! YOUR PRICE! SHOES ON THE ALTAR OF SACRIFICE! CENTER ST. ANAHEIM Local Man Honored By Kraft Food Firm Henry P. Bertani, foreman, at the Kraft Foods plant, in Buena Park, was honored for 25 years of service with the company Monday. The award, a specially engraved gold watch, will be presented by D.J. Balkovich, plant superintendent, at a dinner in his honor. Tribute was paid to Bertani for his years of service as he joined the nearly 1,000 Kraft employees who received 25-year awards. The award program was established by Kraft in 1945 and awards, accompanied by a service citation certificate signed by J.C. Loftis, president, are given for ten years of service and each five years thereafter. Henry P. Bertani lives at 508 W. Hampshire, Anaheim. Actor's Honorary Degree NEW YORK (UPI) — Sidney Blackmer, currently co-starring in "Sweet Bird of Youth" on Broadway, will receive an honorary degree of letters June 1 from Catawba College in Salisbury, N.C., where he maintains a home. Blackmer frequently has assisted the Blue Masquers, drama group at the college. SMILEAGE B. F. Goodrich Lifetime Guarantee, Not Seconds White Wall Tubeless 6.70x15 $18.95 7.10x15 $20.95 7.60x15 $22.95 Disc Design Exch, plus tax Ben Rudnick Tire Co. 1001 S. Spadra, Fallerton TR 1-1000 BUDGET TERMS "Dimer Cards Honored" Thursday, April 30, 1859- Anaheim (Col.) Bulletin—A-9 Subdivisions by Cities OK'd by Supervisors By Orange County News Service A 298-lot subdivision in the city of Costa Mesa was approved Tuesday by county supervisors. The 57-acre tract is one of the largest to be created within that city. It lies on the west side of Harbor Blvd., between Gisler and Adams Sts. Contractor for the 298 homes will be Dike and Colegrove. Among other tracts approved by the board were: Anaheim — five acres with 16 lots on both sides of Loara St., south of Ball Rd., and four acres with 12 lots on the southeast corner of Nutwood and Ball Rd. Orange — eight acres with 28 lots on both sides of Adams St., east of Tustin Ave. Huntington Beach — 12 acres with 57 lots on both sides of Taylor Ave., east of Huntington Beach Blvd. DEPENDABLE PROMPT PLUMBING REPAIRS ORVAL STARMER KE 5-4959 114 Cartleton EVERY LION HAS HIS DEN Why Not You? That's right! Be KING in your home—with a brand new den! We will help you plan it—either by converting your present garage or adding a room. Either way, you increase the value of your home—and have that private den you've always wanted. See us about it right away! We Are Experts in Remodeling and Conversion A den, new bathroom, custom patio, carport - remodeling or adding new rooms, new "built-ins" to modernize your kitchen - or remodeling of any kind—WE KNOW HOW! Call us today for a convenient "at home" appointment. • FREE Estimates • Complete Plans & Specifications • FREE help in designing • All materials and labor supplied • All workmanship Guaranteed NO DOWN PAYMENT EASY FHA TERMS Widow of 'Big Bopper' Gives Birth to Boy HOUMA, La. (UPI) — Mrs. Jaye P. Richardson, widow of the rock and roll singer known as the "Big Bopper," gave birth Tuesday to a boy. She named him Jaye P., Jr. Widow of 'Big Bopper' Gives Birth to Boy HOUMA, La. (UPI) — Mrs. Jaye P. Richardson, widow of the rock and roll singer known as the "Big Bopper," gave birth Tuesday to a boy. She named him Jaye P., Jr. Richardson, who skyrocketed to fame with his recording "Chantilly Lace," was killed in an airplane crash last February. He and his wife also had a five-year-old girl. NELSON-DYE Construction Inc. CUSTOM BUILDERS BROADWAY AT MANCHESTER, ANAHEIM 124 WEST CENTER ST. Downtown Anaheim END-OF-MONTH CLEAN-UP! SHORT -- SLACKS -- ANKLE LENGTH -- TOREADORES STRIPES, PLAIDS, PLAIN COLORS. Fabrics includes polished Manufacturer's CLOSEOUT 100% wool. Stripes, plaids, beautiful patterns. All Sizes 1500 SHORT -- SLACKS -- ANKLE LENGTH -- TOREADORES STRIPES, PLAIDS, PLAIN COLORS. Fabrics includes polished cottons, cords, etc. Sizes 8-18. 2 for 3.00 Manufacturer's CLOSEOUT 100% wool. Stripes, plaids, beautiful patterns. All Sizes 36-44 15¢ 6 ONLY—TODDLERS' BOYS' SUITS Rayon Broken Sizes 288 LARGE SELECTION BETTER JEWELRY Necklaces, Earrings, Bracelets 66¢ WOMEN'S BETTER DRESSES Small group. Misses, Half Sizes Chemettes, also Cottons 188 WOMEN'S COTTON JAMAICA SHORTS Patterns, Plains 8-18 100 MEN'S GINGHAM SHIRTS Sanforized plaids. Size Sm., Lg. 122 GIRLS' BETTER SKIRTS Wool blends. Better cottons. Sizes 7-14 200 Blouses to Match ..... 1.50 WOMEN'S 2-PIECE PLAY SUITS Cotton. Includes skirt and play suit. Sizes 10-18 200 WOMEN'S COTTON SHORT COATS Cotton short coats. Fully lined. New waffle finish. Styled right for summer. Sizes 8-18 8.00 WOMEN'S COTTON SLEEVELESS BLOUSES New shipment. Stripes, plains, plaids, checks. Sizes 32-38 77¢ SHOP PENNEY'S--Downtown Anaheim Monday and Friday Nights 'Til 9 p.m.