anaheim-bulletin 1959-05-06

YOUR MONEY'S WORTH Now Riding 26th Cycle of Business Expansion in Nation's Past 100 Years By SYLVIA PORTER We are riding the 26th cycle of business expansion in our country in the past 100 years. From December 1854 to April 1958 business in our land went into 25 perceptible rises, 25 perceptible declines. In April, a year ago, the 26th upswing began — and in this May of 1959 the advance is now firmly into its 13th month. What are the chances that this latest cycle of prosperity will last for quite some time? As of today, the chances appear excellent. What guideposts does history give us to help us judge the probable duration of this expansion before new weaknesses and new maladjustments bring about another slowing decline? History gives us some vitally important ones. For, as a result of the pioneering research on the business cycle done by the National Bureau of Economic Research and the brilliant studies now being made by Dr. Geoffrey H. Moore of that bureau, we have precise data on how long other advances in our nation have lasted. And there is persuasive evidence that cycles of business rise and fall tend to follow a pattern. Specifically, here are key facts on the duration of cycles of advance dating back more than a century: The average duration of the previous 25 recoveries in the United States has been 29.9 months—almost two and one-half years. In only two instances in all these 100-plus years have advances peaked out in a year or less, and both of these occurred before World War I. In five instances the advances wars and one marked the comeback from the chaotic depression of the '30s. Since the great depression not one phase of expansion has ended in less than approximately three years. Since World War II the record has been: a period of prosperity lasting 45 months after the recession of 1948-49; a period of prosperity lasting 35 months after the recession of 1953-54. What do the guideposts of history say, then? They suggest that this phase, first of recovery and now of prosperity, will match only the AVERAGE of previous advances in the past 100 years if it lasts until the fall of 1960. They suggest this upswing will match only the record following the 1953-54 recession if it continues until the spring of 1961. Now what about the prospects that the new cycle will fit into the more cheerful patterns of the past? A factor highly encouraging to close students of the business cycle is that to date this advance has been moderate. And, as Dr. Moore remarked when I queried him on this, "It's reasonable to say that the more moderate the rate of increase in a recovery, the better the chances for a longer period of recovery." The sparkling headlines on production, profits, incomes, etc., may be misleading you on how modest this recovery actually has been. But, the fact is that it took a full year from the recession bottom for industrial production to get back to its previous peak, and unemployment is still disturbingly high. The fact is that while housing is booming along, the rise has leveled out. The fact is that only now are Specifically, here are key facts on the duration of cycles of advance dating back more than a century: The average duration of the previous 25 recoveries in the United States has been 29.9 months—almost two and one-half years. In only two instances in all these 100-plus years have advances peaked out in a year or less, and both of these occurred before World War I. In five instances the advances lasted more than 40 months, but four of these encompassed major Kettleman Oil Interests File Tax Refund Suit HANFORD (UPI) — A new $1,674,041 suit was filed by 10 Kettleman Hills oil interests Monday seeking tax refunds from Kings County for the fiscal years 1958-59. The firms allege they paid taxes based on assessments which were "illegal, erroneous, excessive, fraudulent and discriminatory." The latest amount sought by the companies involves a slightly different administrative procedure then in the original $812,040 suit which is scheduled for Superior Court trial Nov. 2. In addition to the latest refunds sought, the firms are asking for a court order declaring it illegal for the county to value oil and gas produced in Fresno County and allocate its worth to land lying in Kings County. The basic issue in the dispute is the county's practice of assigning the value of oil production to landowners in the Kettleman North Dome unit in direct proportion to their interest under the unit agreement. War Plane Missile Pact Goes to Douglas WASHINGTON (UPI)—The Air Force picked the Douglas Aircraft Co. today to design a new ballistic missile to be launched from strategic bombers. The air-launched ballistic missile is expected to have a range of 1,000 to 1,500 miles. Eventual development of the missile would extend the useful life of the Strategic Air Command jet bombers. In case of war, the planes could launch their missiles without coming within reach of enemy defenses. Driving Permits Set For Youngsters in Bill SACRAMENTO (UPI) — Gov. Edmund G. Brown today signed into law a bill permitting youngsters to obtain driving instruction permits at 15½ years of age and a license at 16. Under terms of the law, a minor can obtain a license when under 16 years old if he has completed "behind the wheel" driver-training instruction. The governor also signed a bill extending for another four years the life of the state Livestock Sanitary Committee but changing its name to the state Livestock Health Committee. Beer on Fishing Boat Parties OK'd in Bill SACRAMENTO (UPI)—The Assembly passed and sent to the Senate today a bill permitting fishing party boats to sell beer. Under terms of the measure by Assemblyman Frank Luckel (R-San Diego), fishing party boats could be licensed for on-sale beer by paying a fee of $32 a year. Jackson Drug Co. PRESCRIPTION SPECIALISTS SO YOU'RE GOING TO HAVE A BABY! TAKE IT FROM ME — SHOP THE BABY DEPARTMENT AT JACKSON DRUG CO. Lustre Creme Lotion Shampoo 1¹⁹ Reg. 1.50 Jackson Drug Co. PRESCRIPTION SPECIALISTS 2 STORES TO SERVE YOU 237 E CENTER ST • KE 5 2322 1820 LINCOLN • PR 4.3713 Anahiem California Chiefs of Staff to Consider Air Defense Plan WASHINGTON (UPI) — The Chiefs of Staff will consider a plan next week for streamlining the continental air defenses granting more authority to the defense commander. Any military men have come in and that the defense reorganized plan put into effect early this year did not explicitly spell the authority of the head of North American Air Defense Command over the air, land and sea forces assigned to continental defense. Gen. Earl E. Partridge, air defense commander, hoped to eliminate the doubt over his authority and to unify further the forces he commands prior to his retirement next July 1. President Eisenhower is expected to announce shortly that Partridge will be succeeded by Gen. Laurence S. Kuter, now commander of the Pacific air forces. Top ranking military sources scorned the idea that Partridge's retirement was in any way connected with the problem of gaining greater authority for the office he holds. They brushed aside a published report that he was retiring because of a major policy difference. CLOGGED UP DRAINS EMERGENCIES—CALL US!! Ph. Day KE 5-6105—Night KE 5-4279 BILL WARD, The Plumber — 246 E. Cen ANAHEIM WAR SURPLUS FULLERTON 130 E. Center St., Anaheim Operated by The Williams Co. 112 E. Commonwealth, Fullerton Coleman COLEMAN STOVE or LANTERN Coleman folding camp stove cooks like a range without smoke, soot, dirt. Lights instantly. Coleman floodlight lantern which lights 100 ft. area. Make a good combination for that camping trip. Lantern or Stove Regular Price 14.95 TENT SPECIALS 9x9 UMBRELLA TENT DRY FINISH HEAVY POPLIN material for lasting wear. Complete with poles and pins. No extras. noting that his retirement mandatory under the law. Partridge has had more than years service of which five were in the permanent reregulation major general. Under the law he has no choice but to retire. Under the defense reorganization plan, carried out under last year, it has been task of the Army, Navy Coleman folding camp stove cooks like a range without smoke, soot, dirt. Lights instantly. Coleman floodlight lantern which lights 100 ft. area. Make a good combination for that camping trip. Lantern or Stove Regular Price 14.95 10¢ 47 EACH 9x9 UMBRELLA TENT DRY FINISH HEAVY POPLIN material for fasting wear. Complete with poles and pins. No extras. 2995 12x9 SIDE ROOM DRY FINISH HEAVY POPLIN material. A rugged quality built tent will sleep up to six. Complete with poles and pins. 4295 U.S. COAST GUARD APPROVED BOAT CUSHIONS Size 15"x2", contains 20-oz. Java Kapok approved for use on motorboats. Cushion comes in bright colors with attractive designs. Two carrying handles. 298 STATION WAGON AIR MATTRESS Made to sell for $9.95! F quality! Made of strong material to assure long wear! Of extra uses at the beach, fishing and camping trips, an extra bed at home! 46" x 72" ... 68 FT. HANKS OF 1-IN. ROPE This is a special value for your many rope needs. 88¢ EACH SURF RIDER Here is a heavy duty rubberized canvas surfider with I-beam construction. Bright red and blue with built-in tow rope. Really a terrific buy. 599 U.S. Coast Guard Approved LIFE JACKETS Bright orange canvas-covered, approved jacket for use on motorbones of Classes A, 1 or 2. Vest is filled with Kapok. 4.95 VALUE SPECIAL ... 298 PEGBOARD 24" x 48" Lots of handy hooks, in a variety of sizes! Also materials for adding your own shelves, etc. Handy in every room in your home — decorative too! 39¢ SHEET POLY-VINYL PAINT All purpose paint, interior-exterior. May be used on stucco, WHITE OUTSIDE PAINT Paint that fence and really show up your neighbors. This is an excellent paint for 4.95 VALUE SPECIAL ... 298 in every room in your home — decorative too! 39¢ SHEET POLY-VINYL PAINT All purpose paint, Interior-exterior. May be used on stucco, cement, concrete under blocks, wall board, wood, metal, etc. Dry hard in one hour. 8 colors. 298 Gal. $5.00 Value WHITE OUTSIDE PAINT Paint that fence and really show up your neighbors. This is an excellent paint for multi-purpose at a real good price. Save money by buying now. 144 GALLON BAMBOO SHADES 3x6 ... 88¢ 8x6 ... $2.49 4x6 ... $1.19 10 x6 ... $2.98 6x6 ... $1.69 12x6 ... $3.98 NYLON JACKET Summer Weight Lightweight nylon jacket for knit about, golf or just anytime. Assisted colors, full zipper. Sizes 8-14 5.95 Value! 399 PUSH BROOMS Good stiff push quality bristle broom. 99¢ ANAHEIM WAR SURPRISE 130 E. Center St., Anaheim Operated by The Williams Co. Wednesday, May 6, 1950 Anaheim (CaL) Bulletin—A-3 Force to raise, train and equip forces to be turned over to unified field commands. The field commands operate directly under the secretary of defense through the joint chiefs of staff. SPECIAL LOW ... AUTO INSURANCE RATES! For this area: NEWT GREENWAY—CHET WISBEN 8325 Brookhurst Ave. FARMERS INSURANCE EXCHANGE Phone PRospect 4-7283 PRE-SUMMER Sale Prices Effective at Both Stores Thurs., Fri., Sat., May 7, 8, 9 SLEEPING BAGS 3 lb. Cellocloud Only 6% Ibs. gross wt., 3 Ibs. Cellashood fill! Water repellent Forest Green storm cover with durabe plaid flannel lining! 100 inch zipper, 2 air mattress pocket, detachable head flap — Zip two together for double bag! Regular $14.95. 3 lb. Cellocloud Only 6¼ lbs. gross wt., 3 lbs. Cellocloud fill! Water repellent Forest Green storm cover with durabe plaid flannel lining! 100 inch zipper, 2 air mattress pocket, detachable head flap — Zip two together for double bag! Regular $14.95. 2 lb. Dacron This water repellent, forest green poplin covered sleeping bag has a 2-lb. Dacron fill, and is lined with plaid flannel. With detachable head flap — Special STATION WAGON AIR MATTRESS de to sell for $9.95! First utility! Made of strong material to assure long wear! Lots extra uses at the beach, on camping and camping trips, for extra bed at home! 5" x 72" ... 688 OUTDOOR FLOODLIGHT Fully weatherproof, sturdy constructed, floodlight. For wall or lawn installation. Plugs into any standard electrical outlet. Adjustable to any angle. U. L. approved. SPARK PLUGS Keep your ear running at top economy! Get more zip with new plugs! Save gas too; Enjoy driving more! Remanufactured AC, Autolite, Champion! Same 10,000 mile guarantee as new plugs. Set of 6 ... 1.49 Set of 8 ... 1.98 JEEP CANS These are brand new gas cans. Will hold 5 gallons. Made by the same company which is making them for the government. NEW ... 450 New Water Cans at ... 5.95 ELECTRIC SUNBEAM SKILLET The original and genuine Controlled Even Heat Frypan. Cooks with perfect controlled heat to NEW ... 450 New Water Cans at ... 5.95 ELECTRIC SUNBEAM SKILLET The original and genuine Controlled Even Heat Frypan. Cooks with perfect controlled heat to make everything taste more delicious. Water sealed element lets you immerse pan in water for easy washing. COMPLETE WITH CORD ONLY... 888 GENUINE NAVY LAST OXFORDS This is the popular style dress shoe of uniformed men! Made with supple leather for comfort for Gentiles Calibrated! Famous Weaver soles for longest wear! An exceptional buy... and at this low price you can get two pairs, wear them a long, long time. sizes 3½ - 11 10.00 Value 648 SURPLUS FULLERTON Operated by The Williams Co. 112 E. Commonwealth, Fullerton Open Monday & Friday 'Til 9 Both Stores Open 9:30 to 12:30 Sunday Free Parking Rear of Store