anaheim-bulletin 1959-05-11

YOUR MONEY'S WORTH Discussing Price Outlook in U.S. American Assembly Experts Now By SYLVIA PORTER (This is the second in a series on the 15th American Assembly) There were 18 of us sitting around a conference table in the secluded magnificence of Arden House in Harriman, N.Y., and we were about as widely assorted a group of interests as you could find — a smattering of nationally-known industrial tycoons and union leaders, of top bankers and farm spokesmen, of economics professors and government officials, etc. It was late in the second day of the 15th "American Assembly" — the conference of experts called to decide what should be our nation's basic policies on prices and wages. For hour after hour, we had been pulling statistics apart, digging into wage-price relationships. Suddenly the debate got specific. We were asked by University of California economics professor George Hildebrand to say where we thought prices might be heading in the next few years. Of the 18, an overwhelming 14 indicated the belief that price rises in the years ahead would average out to less than 2 per cent annually. "That's hardly unusual; what are we worrying about?" said one. "Today the fear of inflation is an unholy fear," said another. "That's about as much price stability as you can reasonably expect," said a third. . . Then the bias of the whole debate shifted, and it stayed shifted until the parley ended. For then we moved into what most agreed is our REAL problem — increasing the rate of growth in our economy so that there will be enough lessor John Dunlop. Of that 20 an overwhelming 16 indicated their belief that price rises in the next few years would be the same or less than the 1.2 per cent average annual increase of 1952-57. And when asked whether they'd "tolerate more unemployment to get more price stability," the loud retort "no!" could be heard through the halls. The formal report which the American Assembly on "Wages, Prices, Profits and Productivity" issued at the close of its four-day deliberations last week said simply that "some participants thought preoccupation with inflation impaired the attainment of other economic goals" (for instance, strong expansion, full employment). It cautiously added, "Many believed that the Consumer Price Index is not likely to increase very much in the next several years," and if the cost of price stability is a "high level of unemployment, many would prefer a mild increase in prices." Considering the cross-section of business, labor, government and farm leaders at this Assembly, that was saying quite a lot. But this doesn't transmit the sense of what really went on. For behind those statements went days of talk which revealed impressive feeling that the Administration has been over-stating Inflation dangers, understating our need to get back to maximum growth and employment. There was a determined emphasis on the little - known fact that our country has done a far better Silchter's reminder of "the elementary proposition, too often overlooked, that the principal purpose annually. "That's hardly unusual; what are we worrying about?" said one. "Today the fear of inflation is an unholy fear," said another. . . . "That’s about as much price stability as you can reasonably expect," said a third. . . Then the bias of the whole debate shifted, and it stayed shifted until the parley ended. For then we moved into what most agreed is our REAL problem — increasing the rate of growth in our economy so that there’ll be enough jobs around for all who are able and willing to work. There were 20 equally assorted men sitting around another conference table in the Arden House mansion that same afternoon and they, too, were queried on the price outlook by Harvard economics pro- CUT RATE HAIRCUTS 1.25 WHY PAY MORE? Topper’s Barber Shop Ball Road & R. Los Angeles St. (Market Basket) sense of what really went on. For behind those statements went days of talk which revealed impressive feeling that the Administration has been over-stating inflation dangers, understating our need to get back to maximum growth and employment. There was a determined emphasis on the little - known fact that our country has done a far better Slichter’s reminder of “the elementary proposition, too often overlooked, that the principal purpose of an economy is to produce and distribute goods; its purpose is not to produce a stable price level.” There was, in short, a refreshing common sense effort to put recent price trends in perspective. And talking about perspectives, here’s one that hit me: If all we get in the ‘60s is an average annual rise of 1 to 2 per cent in prices, this will just be “normal.” This rate of price increase has been typical of every phase of expansion in our nation going back to 1870. How much better a job has our country done on limiting inflation in this era than most other industrial countries? Facts on this tomorrow. (All Rights Reserved) It's lots of FUN to dial your own long distance calls Give Direct Distance Dialing a whirl tonight. Enjoy the fun and satisfaction of dialing your own long distance call. “DDD”, the newest word in telephoning, is fast and easy to use, and is always yours at low, Station-to-Station rates (see below). So dial friends or family out of town tonight. See how little it costs to call someone in... Bakersfield . . $ .70 Sacramento . $1.15 Redding . . 1.25 San Francisco . 1.10 Station-to-Station rates, not including tax, for 3 minutes after 6 p.m. weekdays and all day Sunday. ANAHEIM The men and women of Pacific Telephone in Anaheim Your business office: 6-1191 TOKEN OF APPRECIATION — Boys and girls of Lucinda Hammatt’s sixth grade classroom at Adelaide Price School present some of their work to August F. Lenain, City of Anaheim’s Superintendent of Utilities Dept. of the Water Division, following their field trip to Anaheim’s municipal water plant, taken as part of their unit of work on water and water supply. Talking with Lenain about some of Anaheim’s water problems are from left): Diane Falcon, Ricky Lavers, and Lenain. During his visit, Lenain impressed upon the pupils that “water is free! It is the service required to bring it into the home that costs.” The framed picture showing the water cycle was presented to Lenain by its artist, Ricky Lavers. EVERY DAY’S A SPECIAL DAY AT Thriftmart FIVE MONTH SEASON Given Child Story An Anaheim man clerk child stealing has been to five months in the Oty Jail. He is Thomasney, 23, of 1433 N. Los reportedly ran off with old girl to Northern Ony. The girl, who report willingly with the man ing Anaheim with her p are from Bedford, Ohio for high school student dated Clenney prior to Want A Mustache A Do-It-Yourself NEW YORK (UPI) order wig business, fit it-yourself toupees, Trade sources report traders for hairpieces crot length and of any h account for more than of the total wig trade. Prices range from $1 brush mustache to $4 curious full wig. FIESTA DAYS AT ultimart FIESTA DAYS AT Thriftmart A CALIFORNIA CARNIVAL OF FUN AND SAVINGS HATS OFF TO VALUE Thriftmart QUALITY MEATS FRESH FRYING CHICKEN PARTS LEGS & THIGHS 45¢ lb BREASTS 49¢ lb WINGS 25¢ lb BACKS & NECKS 8¢ lb FRESH SLICED PORK LIVER 29¢ lb. FRESH PURE PORK BULK SAUSAGE 39¢ lb. FRESH LEAN COUNTRY STYLE SPARERIBS 49¢ lb. Thriftmart LIQUOR DEPT. HILLBROOK VODKA 80 PROOF ... BTL $349 FALLBROOK STRAIGHT BOURBON 6 YR. OLD WHISKEY ... BTL $349 Thriftmart FINEST PRODUCE VODKA PROOF ...BTL FALLBROOK STRAIGHT BOURBON 6 YR. OLD 4/5 QT. WHISKEY ...BTL $3.49 Thriftimart FINEST PRODUCE WASHINGTON WINESAP APPLES ...LB. 10¢ SOLID GREEN CABBAGE ...LB. 3¢ IMPERIAL VALLEY CARROTS ...2 BU. 13¢ FOR WONDERFUL, PRACTICAL FREE PREMIUMS SAVE THRIFTIMART YELLOW REGISTER TAPES Beer, Wine, Liquor and Dairy Products are excluded by law from our Tape Plan Thriftimart PRICES EFFECTIVE AT... 625 ORANGEWOOD AVE. 8862 S. PLACENTIA AVE. 11881 BROOKHURST 8888 KNOTT AVE. At Harbor Blvd. At AnakehimOlive Road At Chapman At Lancoln ANAHEIM ANAHEIM BUENA PARK GARDEN GROVE EVERY DAY'S A SPECIAL DAY AT Thriftimar... Five Month Sentence Given Child Stealer An Anaheim man charged with child stealing has been sentenced to five months in the Orange County Jail. He is Thomas Lee Clenney, 23, of 1433 N. Loara St., who reportedly ran off with a 14-year-old girl to Northern California. The girl, who reportedly went willingly with the man, was visiting Anaheim with her parents, who are from Bedford, Ohio. The junior high school student reportedly dated Clenney prior to the offense. Want A Mustache? Get A Do-It-Yourself Type! NEW YORK (UPI) — The mail order wig business, including do-it-yourself toupees, is booming. Trade sources report that mail orders for hairpieces cropped to any length and of any hue currently account for more than 10 per cent of the total wig trade. Prices range from $10 for a toothbrush mustache to $400 for a luxurious full wig. Anti-Smut Proposals Buried by Legislators SACRAMENTO (UPI)—Assemblyman Louis Francis (R-San Mateo) admitted today that a series of bills designed to crack down on indecent literature was dead for this session of the Legislature. All five of the anti-smut proposals have been sent to the Assembly Crime Committee, which Francis claimed would never approve them. The Civil Judiciary Committee sent the final bill in the series "to its graveyard" late Wednesday day when it referred it without recommendation to the crime group. Francis asked the civil judiciary committee to consider the measure which would have permitted courts to order printers to stop producing smut because he said the bill was "civil in nature." However, the committee ignored his protest and sent the plan to the Crime Committee where it joined the other four bills in the series. Science Shrinks Piles New Way Without Surgery Stops Itch—Relieves Pain New York, N.Y. (Special) — For the first time science has found a new healing substance with the astonishing ability to shrink hemorrhoids, stop itching and relieve pain—without surgery. In case after case, while gently relieving pain, actual reduction (shrinkage) took place. Most amusing of all-results were thorough that sufferers made astonishing statements like "Plas have ceased to be a problem!" The secret is a new healing substance (Bio-Dyne*)—discovery of a world-famous research institute. This substance is now available in suppository or ointment form under the name Preparation H.* At your druggist. Money back guarantee. *Reg. U. S. Pet. Off. QUAIL BRAND GRATED TUNA NO. ½ TIN 17¢ POP UP KLEENEX TISSUES 200 CT. 10¢ FAMILY SIZE NESTLE'S QUIK 2½ LB. 89¢ OLD ENGLISH, GARLIC, ROKA, CHEESE & BACON KRAFT JAR CHEESE 5 OZ. 27¢ XLNT HACIENDA FROZEN CHEESE ENCHILADA 16 OZ. 39¢ XLNT HACIENDA FROZEN TACO-ETTES 6 OZ. 35¢ XLNT HACIENDA FROZEN BEEF TACOS 14 OZ. 47¢ XLNT HACIENDA FROZEN BEEF TAMALES 16 OZ. 49¢ O'BOY FROZEN GARLIC BREAD 8 OZ. 29¢ QUAIL BRAND CATSUP 12 OZ. 10¢ SWANSON MAIN COURSE FROZEN MEAT LOAF DINNER 9¼ OZ. 45¢ WISHBONE CHEESE DRESSING 8 OZ. 49¢ QUAIL BRAND PINK SALMON NO. 1 TIN 49¢ WHITE ROCK FROZEN BLACK CHERRY JUICE 2 6 OZ. 31¢ BIRDS EYE CRINKLE CUT FROZEN POTATOES 2 9 OZ. 39£ MINUTE MAID FROZEN PINK LEMONADE 10 6 OZ. $1¥00 QUAIL BRAND BUTTER BEANS 2 NO. 300 TINS 19¢ CHUBBY HORSEMEAT with BEEF 2 NO. 1 TINS 29£ HALVES OR SLICED QUAIL BRAND PEACHES NO. 2½ TIN 25£ 3c OFF DEAL CHEER DETERGENT 21 OZ. 29¢ QUAIL BRAND BUTTER BEANS ... 2 NO. 300 TINS 19¢ CHUBBY HORSEMEAT with BEEF ... 2 NO. 1 TINS 29¢ HALVES QR SLICED QUAIL BRAND PEACHES NO. 2½ TIN 25¢ 3c OFF DEAL CHEER DETERGENT 21 OZ. PKG. 29¢ GRAND TASTE FRESH LIVERWURST LB. 59¢ INSTANT YUBAN COFFEE 2 OZ. JAR 49¢ SIMPLE SIMON FROZEN APPLE PIES 24 OZ. PKG. 47¢ INSTANT NON FAT DRY MILK BORDEN'S STARLAC 3 QT. PKG. 29¢ M.J.B. BROWN RICE 12 OZ. PKG. 18¢ SUNSHINE STATE FROZEN ORANGE JUICE 6 OZ. TIN 19¢ SPECIALS FOR MON., TUES., WED., MAY 11-12-13 We reserve the right to limit quantities—Sales tax added to taxable items. FOR DAILY RADIO SPECIALS. DIAL 1580—KDAY EVERY DAY'S A SPECIAL DAY AT Thriftmart Richmond 9-6251