anaheim-gazette 1961-01-05
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1960 Business Topped Record, Says Chamber
California's economy set a new record in 1960, the Research Department of California State Chamber of Commerce said in its annual report this week.
Although the 1961 picture has been darkened recently by general condition, California can look forward to another year of growth that should be marked by the long term rate of expansion of the state's industrial pattern, it was clared. Here are the highlights of the report:
With productivity still increasing and population continuing its rapid expansion, 1961 should witness new records in employment and consumer spending though these should exceed the totals set in 1960 by rather more moderate margins that has often occurred year-to-year in the past.
In the new year it is likely that California will see the attainment of the following goals:
1. A population of 16,400,000 by mid-year (a 3.4 percent or 540,000 increase over 1960 with gains of 305,000 from in-migration and 235,000 by natural increase).
Kuchel Names 23 for Service Academy Bids
Twenty-three young Californians from 11 different counties have been designated by U.S. Senator Thomas H. Kuchel of California to compete for entry this summer to the U.S. Naval Academy at Annapolis and the U.S. Air Force Academy at Colorado Springs.
Safety Meet To Draw 1400
Approximately 1,400 representatives of management labor, and other individuals organizations concerned on-the-job safety in California will attend the Industrial Safety Conference at the Biltrush Hotel, Los Angeles, on February 9 and 10, John F. Henning director of the State Department of Industrial Relations and chairman of the conference, announced this week.
margins that has often occurred year-to-year in the past.
In the new year it is likely that California will see the attainment of the following goals:
1. A population of 16,400,000 by mid-year (a 3.4 percent or 540,000 increase over 1960 with gains of 305,000 from in-migration and 235,000 by natural increase).
2. Personal incomes of California residents may reach $45 billion, representing an increase of 4.2 percent over 1960.
3. Payrolls should attain an annual rate of nearly $30.5 billion, or about 5 percent over 1960 (this item accounts for two-thirds of all incomes of individuals).
4. Retail trade may reach $23.5 billion, or 4 percent over 1960.
5. A civilian labor force of 6,640,000, or 3.6 percent over 1960.
6. Employment of 6,265,000, or 3 percent over 1960.
7. The agriculture outlook is that California will do better than that of the nation as a whole, due to larger anticipated agricultural production during the time when the income of individuals in the national market is on the increase.
An examination of the broad changes in California's unemployment pattern over a period of two decades indicates that the state is rapidly becoming more and more like the nation as a whole.
An examination of the national outlook, therefore, is pertinent to an outlook of California's immediate future. The outlook shows:
1. The gross national product of goods and services) may act (the value of the total outrise moderately to more than $510 billion—nearly $7 billion above that of 1960.
2. Business and industrial investment in plant and equipment is expected to decline from $49 billion in 1960 to not over $45 billion in 1961.
3. Domestic demand for petroleum products in 1961 should be about 2 percent higher than
Academy Bids
Twenty-three young Californians from 11 different counties have been designated by U.S. Senator Thomas H. Kuchel of California to compete for entry this summer to the U.S. Naval Academy at Annapolis and the U.S. Air Force Academy at Colorado Springs.
The senior California senator has not yet made his selections from young men in his state seeking to attend the Coast Guard and Merchant Marine institutions, and this year has no vacancy to fill at the U.S. Military Academy at West Point.
The largest number for the Navy and Air Force institutions comes from Los Angeles County, home of four Annapolis aspirants and of three seeking Air Force careers.
The county from which the next biggest group was named is Orange, with three for the Navy and one for the Air Force.
Using a new system first tried a year ago, Senator Kuchel did not designate "principal" or "alternate" nominees to the Naval Academy. With two places available, 12 California youths will compete for the chance to be members of the class entering Annapolis.
For one place in the Air Force Academy class, 11 Californians will be considered by the service.
All of the selections were based on comparative scholastic scores made last summer in competitive examinations given by the U.S. Civil Service Commission. Each of the aspirants designated by the senator still must pass further examinations given by the respective institutions.
Senator Kuchel's choices included the following candidates from Orange County:
Naval Academy—Stuart Edgar Meador, 861 Willow Dr., Brea. Attended Brea-Olina Union High School, Wilbur Elkinson
Approximately 1,400 representatives of management labor, and other individuals organizations concerned with on-the-job safety in California will attend the Industrial Society Conference at the Biltrite Hotel, Los Angeles, on February 9 and 10, John F. Henning director of the State Department of Industrial Relations and chairman of the conference, announced this week.
The conference, which held a two-day meeting one year since 1950 and which presents every occupation in industry in California, has single aim—the reduction work injuries and deaths.
Following the first gen assembly on the morning of February 9, the nine major dustry groups that make up conference will meet separately that afternoon and the next morning, to discuss their particular safety problems to make plans for the year combating the toll of on-job injuries and deaths.
In 1959, the last year which complete figures available, 740 California workers were killed in on-the-accidents, and 164,000 others were disabled to the extent that they could not report work the following day.
Panel discussions, demonstrations and films will feature programs of the various industries; agriculture; construction; forest products; governmental agencies; manufacturing; mineral extraction; special research; trades and services; and transportation communications and utilities.
New Egg Washers On Display Today
Local egg producers, gathering at the Farm Bureau Hall in Orange at 10 a.m. today, will be taken on a tour of six new, large capacity washers.
Host of the tour is the University of California Agriculture Extension Service, represented by Farm Advisor Donald Bell of the Santa Ana office.
Senator Kuchel's choices included the following candidates from Orange County:
Naval Academy—Stuart Edgar Meador, 861 Willow Dr., Brea. Attended Brea-Olin a Union High School. Wilbur Ellis Daughters, 18081 Serrano Ave., Orange. Attended Mater Dei High School. Gilbert Marek Zemansky, 2920 Anacapa Pl., Fullerton. Attended Fullerton Union High School.
Air Force Academy—William Marlon Browder, Sycamore and Church Streets, Santa Ana. Attended Balboa (C.Z.) High School.
County to Revive Pre-Natal Course
Re-establishment of the series of classes for expectant parents has been announced by the Orange County Health Department.
Beginning January 9, the classes will be held on Monday and Wednesday evenings at 7 in the department's building at Eighth and Ross Sts.
They are conducted by public health nurses and provided at no cost to prospective parents.
Use of films, charts, demonstrations, slides and displays of the essentials of a baby's layette are included in the course of instruction. Booklets are provided for the home library.
Enrollment is effected by attending the classes.
Californians can anticipate paying slightly less for this year, Olan D. Forker, University of California Agriculture Extension economist, forecase.
He also predicted that other manufactured dairy products such as butter, ice cream, cottage cheese, skim milk, dried milk will probably come about the same in 1961 as the previous year.
Other predictions made by Forker on the outlook for the state's dairy industry in the coming year are:
1. Milk production is likely to climb to an all-time high close to eight billion pounds, slight increase from the 7,850 million pounds in 1960.
2. Per capita consumption of milk and most other dairy products probably will not rise.
3. Normal population increase will boost the use of milk and cream one per cent about 4,850 million pounds.
4. With some 3,150 million pounds thus available for other uses, the production of manufactured dairy products can be expected to continue rising.
ANAHEIM, ORANGE COUNTY, CALIFORNIA
Hopped Member
Search Department of the report this week.
By general conditions,
should be marked only
pattern, it was defety Meet To Draw 1400
approximately 1,400 repreatives of management and
and other individuals and
inizations concerned with
ine-job safety in California,
attend the Industrial Safeconference at the Biltmore
al, Los Angeles, on Februu9 and 10, John F. Henning,
director of the State Departof Industrial Relations
chairman of the conferannounced this week.
B. of A. Reports
All-Time High In Resources
All-time highs in total resources, dtposits and loans as
well as record earnings during
1960 are reported by Bank of
America in its end-of-year
statement of condition.
"Our loans outstanding at
the year's end totaled $6,699.494,437, as compared with a high of $6,599,668,231 at the close of 1959," said President S. Clark Beise.
"This is evidence that business activity in California has
continued at a generally high level," he addtd.
Total deposits on December
31 stood at $10,805,891,450, as against $10,624,958,182 a year ago. Total resources of the bank amounted to $11,941,981.259 at year's end, compared with $11,869,404,364 on December 31, 1959.
U.S. Tax Take
Hits 91 Billion During Year
Federal tax collections reached 91 billion, 775 million dollars for the fiscal year ended June 30, 1960, the largest ever recorded, according to Commerce Clearing House, national reporting authority on tax and business law, in its annual federal tax review.
The huge total amounted to an unprecedented peace-time increase of $12 billion, exceeded in only two other years. 1944 and 1951, when tax boosts brought somewhat larger gains in collections. There were no income tax boosts in 1960.
The federal per capital tax burden rose to an average of $508.37, an increase of $57.80 per person during the year, the CCH review said.
Actions by Congress, the U.S. Supreme Court and the Inter-
This is evidence that business activity in California has continued at a generally high level," he addd.
Total deposits on December 31 stood at $10,805,891,450, as against $10,624,958,182 a year ago. Total resources of the bank amounted to $11,941,981.259 at year's end, compared with $11,669,404,364 on December 31, 1959.
Investments in securities totaled $2,702,508,087, whereas a year ago they aggregated $2.725,392,943.
During the year, we added 43 new branches to keep pace with the continuing growth of our state," Beise reported. "We also brought into operation seven additional ERM centers, thus putting behind us the major portion of our program of conversion to electronic processing of checking accounts."
Beise said net operating earnings were a record $93.228,177, or the equivalent of $3.64 per share on the 25,660.000 shares outstanding. This compared with the previous high of $86,297,920, or $3.37 a share, earned in 1959.
Transactions in securities showed a net loss of $3,123,870 resulting from a realignment of the bank's investment portfolio early in the year.
A total of $9,219,000 was transferred to reserves, after tax benefit, leaving $80,885,306 for dividends and addition to capital funds.
"Dividends totaling $49,920.000 were paid to our more than 200,000 shareholders during the year," said Beise. "This included an extra dividend of 10 cents a share and an increase in the regular annual dividend rate from $1.80 to $2.00 a share starting with the fourth quarter."
Transfer of $50,000,000 from undivided profits to surplus at year's end increased combined capital and surplus to $550.000,000. Total capital funds together with reserve of $127.631,918 for possible loan losses
Increase of $12 billion exceeded in only two other years, 1944 and 1951, when tax boosts brought somewhat larger gains in collections. There were no income tax boosts in 1960.
The federal per capital tax burden rose to an average of $508.37, an increase of $57.80 per person during the year, the CCH review said.
Actions by Congress, the U.S. Supreme Court and the Internal Revenue Service in 1960 combined to make certain that many taxpayers will have to face new rules in reporting their 1960 income.
The new tax forms, for instance, require employers to give information on expense allowances of employees whose salaries and expenses amounted to $10,000 or more. All employees who received expense allowances have been advised to follow expense accounting rules very carefully, least they be penalized.
The Internal Revenue Service has taken a firm stand to stop what it calls "tax abuses" in entertainment and expense allowances, claiming that they often constitute fringe benefits and extra "pay" under another name.
Congress made many changes in the tax laws during the year. One of these is a break to taxpayers who supported their 65 and over parents or parents-in-law during 1960. Taxpayers can deduct medical expenses for such dependents without first reducing them by 3 per cent of the taxpayers' adjusted gross income.
Another break was given those who supported an elementary or high school student (not a relative or dependent) in their homes during 1960 under a written agreement with a charitable organization. Such taxpayers will qualify for a contribution deduction of up to $50 a month, the CCH review said.
Congress provided that the income of a qualified real estate investment trust be taxed only once, to the beneficiaries, if 90 per cent of the income was distributed. This new tax treatment is purely elective, and goes into effect for tax increases of $12 billion exceeded in only two other years, 1944 and 1951, when tax boosts brought somewhat larger gains in collections. There were no income tax boosts in 1960.
The federal per capital tax burden rose to an average of $508.37, an increase of $57.80 per person during the year, the CCH review said.
Actions by Congress, the U.S. Supreme Court and the Internal Revenue Service in 1960 combined to make certain that many taxpayers will have to face new rules in reporting their 1960 income.
The new tax forms, for instance, require employers to give information on expense allowances of employees whose salaries and expenses amounted to $10,000 or more. All employees who received expense allowances have been advised to follow expense accounting rules very carefully, least they be penalized.
The Internal Revenue Service has taken a firm stand to stop what it calls "tax abuses" in entertainment and expense allowances, claiming that they often constitute fringe benefits and extra "pay" under another name.
Congress made many changes in the tax laws during the year. One of these is a break to taxpayers who supported their 65 and over parents or parents-in-law during 1960. Taxpayers can deduct medical expenses for such dependents without first reducing them by 3 per cent of the taxpayers' adjusted gross income.
Another break was given those who supported an elementary or high school student (not a relative or dependent) in their homes during 1960 under a written agreement with a charitable organization. Such taxpayers will qualify for a contribution deduction of up to $50 a month, the CCH review said.
Congress provided that the income of a qualified real estate investment trust be taxed only once, to the beneficiaries, if 90 per cent of the income was distributed. This new tax treatment is purely elective, and goes into effect for tax increases of $12 billion exceeded in only two other years, 1944 and 1951, when tax boosts brought somewhat larger gains in collections. There were no income tax boosts in 1960.
The federal per capital tax burden rose to an average of $508.37, an increase of $57.80 per person during the year, the CCH review said.
Actions by Congress, the U.S. Supreme Court and the Internal Revenue Service in 1960 combined to make certain that many taxpayers will have to face new rules in reporting their 1960 income.
The new tax forms, for instance, require employers to give information on expense allowances of employees whose salaries and expenses amounted to $10,000 or more. All employees who received expense allowances have been advised to follow expense accounting rules very carefully, least they be penalized.
The Internal Revenue Service has taken a firm stand to stop what it calls "tax abuses" in entertainment and expense allowances, claiming that they often constitute fringe benefits and extra "pay" under another name.
Congress made many changes in the tax laws during the year. One of these is a break to taxpayers who supported their 65 and over parents or parents-in-law during 1960. Taxpayers can deduct medical expenses for such dependents without first reducing them by 3 per cent of the taxpayers' adjusted gross income.
Another break was given those who supported an elementary or high school student (not a relative or dependent) in their homes during 1960 under a written agreement with a charitable organization. Such taxpayers will qualify for a contribution deduction of up to $50 a month, the CCH review said.
Congress provided that the income of a qualified real estate investment trust be taxed only once, to the beneficiaries, if 90 per cent of the income was distributed. This new tax treatment is purely elective, and goes into effect for tax increases of $12 billion exceeded in only two other years, 1944 and 1951 when tax boosts brought somewhat larger gains in collections. There were no income tax boosts in 1960.
The federal per capital tax burden rose to an average of $508.37, an increase of $57.80 per person during the year, the CCH review said.
Actions by Congress, the U.S. Supreme Court and the Internal Revenue Service in 1960 combined to make certain that many taxpayers will have to face new rules in reporting their 1960 income.
The new tax forms, for instance, require employers to give information on expense allowances of employees whose salaries and expenses amounted to $10,000 or more. All employees who received expense allowances have been advised to follow expense accounting rules very carefully, least they be penalized.
The Internal Revenue Service has taken a firm stand to stop what it calls "tax abuses" in entertainment and expense allowances, claiming that they often constitute fringe benefits and extra "pay" under another name.
Congress made many changes in the tax laws during the year. One of these is a break to taxpayers who supported their 65 and over parents or parents-in-law during 1960. Taxpayers can deduct medical expenses for such dependents without first reducing them by 3 per cent of the taxpayers' adjusted gross income.
Another break was given those who supported an elementary or high school student (not a relative or dependent) in their homes during 1960 under a written agreement with a charitable organization. Such taxpayers will qualify for a contribution deduction of up to $50 a month, the CCH review said.
Congress provided that the income of a qualified real estate investment trust be taxed only once, to the beneficiaries, if 90 per cent of the income was distributed. This new tax treatment is purely elective, and goes into effect for tax increases of $12 billion exceeded in only two other years, 1944 and 1951 when tax boosts brought somewhat larger gains in collections. There were no income tax boosts in 1960.
The federal per capital tax burden rose to an average of $508.37, an increase of $57.80 per person during the year, the CCH review said.
Actions by Congress, the U.S. Supreme Court and the Internal Revenue Service in 1960 combined to make certain that many taxpayers will have to face new rules in reporting their 1960 income.
The new tax forms, for instance, require employers to give information on expense allowances of employees whose salaries and expenses amounted to $10,000 or more. All employees who received expense allowances have been advised to follow expense accounting rules very carefully, least they be penalized.
The Internal Revenue Service has taken a firm stand to stop what it calls "tax abuses" in entertainment and expense allowances, claiming that they often constitute fringe benefits and extra "pay" under another name.
Congress made many changes in the tax laws during the year. One of these is a break to taxpayers who supported their 65 and over parents or parents-in-law during 1960. Taxpayers can deduct medical expenses for such dependents without first reducing them by 3 per cent of the taxpayers' adjusted gross income.
Another break was given those who supported an elementary or high school student (not a relative or dependent) in their homes during 1960 under a written agreement with a charitable organization. Such taxpayers will qualify for a contribution deduction of up to $50 a month,the CCH review said.
Congress provided that the income of a qualified real estate investment trust be taxed only once,to the beneficiaries,if 90 per cent of the income was distributed. This new tax treatment is purely elective,and goes into effect for tax increases of $12 billion exceeded in only two other years,1944 and 1951 when tax boosts brought somewhat larger gains in collections. There were no income tax boosts in 1960.
The federal per capital tax rose to an average of $52 million over its last five years from January through February 14.
Entitled "Value of this"
Search for 10 New Teachers Will Continue
Interviews with candidates for teaching positions: Fullerton Union High School and Junior College District; the 1961-62 school year continue through next fall; Dr. Ernest G. Lake; director intendent; said this
Recruiting of teachers: district is under supervision of Walter J.P.Rector of the Division I sonnel; who points out that under state law districts theretoize to issue control any time after January; the following school year
Approximately 100 new school and junior college students will be required to meet growth of student enrollees; he said; plus new teacher replace those retiring; or leave the districts
Several hundred individuals will be necessary before Pray believes; in order secure best teachers able for the five high schools and junior college
Interested teachers should arrange for an interview their earliest convenience stressed. He suggests that telephone district office cereal specific areas owe est and teaching assign available.
Up This Year
Forians can anticipate slightly less for milk year, Olan D. Forker, University of California Agricultural Extension economist, has also predicted that other structured dairy products like butter, ice cream, cotheese, skim milk, and milk will probably cost the same in 1961 as in previous year.
Predictions made by on the outlook for the dairy industry in the year are: milk production is likely to an all-time high of eight billion pounds, a increase from the 7,850 pounds in 1960. Capita consumption of most other dairy products probably will not rise. Normal population will boost the use of cream one per cent to 4,850 million pounds. With some 3,150 million thus available for other the production of manu- and dairy products can be used to continue rising.
Chapman Offers Geology Course
An evening course in the geology of Orange County, of special interest to real estate brokers, attorneys and elementary and junior high school teachers, will begin at Chapman College February 1.
Topics will include oil occurrence and associated legal problems, subsidence, water and water quality, beach and shore features, earthquakes, faults and fault patterns.
The course will be taught by Dion L. Gardner, instructor in geology. Classes will be from 7 to 9 p.m. on Wednesdays.
Group to Hear Prison Chaplain
Reverend Hubert L. Duncan, chaplain at the California State Institution for Men at Chino, will address a dinner meeting of the Orange County Methodist Union at La Habra Methodist Church Monday evening, January 9. Reservations can be made by calling OW 1-1797.
A written agreement with a charitable organization. Such taxpayers will qualify for a contribution deduction of up to $50 a month, the CCH review said.
Congress provided that the income of a qualified real estate investment trust be taxed only once, to the beneficiaries, if 90 per cent of the income was distributed. This new tax treatment is purely elective, and goes into effect for tax beginning after 1960.
For the seventh time in many years, Congress extended the corporation income tax rate which has been scheduled to come down by 5 per cent in each of these years. The rate will remain at 52 per cent, at least until July 1, 1961.
State Allots $1,772,540 in Education Aid
Orange County has received $1,772,540 in state aid for special education and transportation, Roy E. Simpson, state superintendent of public instruction, reported this week.
A total of $43,260,541 of public funds for these purposes has been allocated throughout the state, said Simpson.
Orange County school programs for the handicapped were earmarked for $484,697, apportioned to cover up $910 per student in costs above the regular school program.
Another $323,006 was received by the county for mentally retarded school programs, and an additional $86,240 for special classes for severely mentally retarded children.
Scout Training Dates Announcement
Training dates ranging January 9 to 30 were announced this week by Northern Orange County cil, Boy Scouts of America follows:
For Scout Leaders: Jan 9, Advancement; January Leadership; January 23rd to Train Junior Leaders in Patrol Method; January The Troop Committee.
For Cub Leaders: January Program Planning; January The Den Meeting; January The Pack Meeting; January Den Mother and Den Child relationships, also Pack Administration.
Educators to Help Psychology Report
Dr. Ruth Martinson, professor of psychology at Beach State College and man of the state committee studying the education of tally gifted minors, will with Orange County psychologists and administrators tomorrow. She will do the results of her three study project and the prolegislation before the session of the Legislature.
ZETTE
To Your Favorite Carrier Boy
CROWN STATE 25 PER MONTH
TWELVE PAGES
3 THURSDAY, JAN. 5, 1961
$12,630,000 Asked For Improvement Of Orange Co. State Parks
Expansion of California's State Park System, involving the allocation of $12,630,000 for improvements of four Orange County beaches and parks, has been recommended by the State Park Commission, it was announced this week.
Named in the commission's year-end report and recommendations, together with the funds asked for their improvement, are:
UC Schedules Lecture Series Here Next Month
Modern man's seeming conflict between the demand for scientific knowledge and the search for artistic values will be the subject of a University of California Extension lecture series to be given in the Anaheim Union High School be
the series will be held in the school's Study Hall from 7:30 through 10 p.m. for 12 Tuesday evenings.
The series is planned to provide greater understanding of the intrinsic values of each art
Doheny Beach State Park,
$5,500,000; San Clemente Beach State Park,
$4,500,000; Bolsa Chica State Park,
$1,750,000; and Huntington Beach State Park,
$880,000.
Compiled for the commission under the direction of Charles A. DeTurk, Division of Beaches and Parks chief who assumed office 18 months ago, the report states:
The commission anticipates presenting a continuing program each year. After the proposals submitted at this time
Modern man's seeming conflict between the demand for scientific knowledge and the search for artistic values will be the subject of a University of California Extension lecture series to be given in the Anaheim Union High School beginning February 14.
Entitled "Value of the Arts,"
Search for 100 New Teachers Will Continue
Interviews with candidates for teaching positions in the Fullerton Union High School and Junior College Districts for the 1961-62 school year will continue through next summer, Dr. Ernest G. Lake, district superintendent, said this week.
Recruiting of teachers for the districts is under the supervision of Walter J. Pray, director of the Division of Personnel, who points out that under state law districts are authorized to issue contracts at any time after January 1 for the following school year.
Approximately 100 new high school and junior college teachers will be required to meet the growth of student enrollment, he said, plus new teachers to replace those retiring, on leave, or leaving the districts.
Several hundred interviews will be necessary before August, Pray believes, in order to secure the best teachers available for the five high schools and junior college.
Interested teachers should arrange for an interview at their earliest convenience, Pray stressed. He suggests that they telephone district offices concerning specific areas of interest and teaching assignments available.
the series will be held in the school's Study Hall from 7:30 through 10 p.m. for 12 Tuesday evenings.
The series is planned to provide greater understanding of the intrinsic values of each art form. Its sponsors hope it will lead to better communication" between the 20th century artist and his audience, and an increased ability to comprehend and enjoy the modern in art—atonal music, symbolic literature and non-objective painting.
The lectures will discuss design, painting, sculpture, architecture, fiction, drama, music, dance and poetry in the historical as well as contemporary senses. Slides, films, tapes and dramatic readings will supplement the lecture material.
Drawn from the fields of education and the professions, lecturers will include: Mary Holmes, Robert S. Kinsman, Paul E. DesMarais, Alma Hawkins, Ralph Cohen, all of the UCLA faculty, and Douglas McClellan, painter and dean of the Los Angeles County Art Institute; Pegot Waring, sculptor; Morris Verger, architect, and Gregg Smith, conductor and composer.
University credit for the course is available.
Further information or registration forms may be obtained from Room 15, Buena Park High School, or Department K, University Extension, University of California, Los Angeles 24.
Firm to Continue 1960 Interest Rate
Home Savings and Loan Association will continue to pay earninis at the rate of 4½ percent per annum o nsavings accounts at its 24 Southern California offices during the first quarter of 1961, Kenneth D. Childs, president of the association has announced.
Chica State Park, $1,750,000; and Huntington Beach State Park, $880,000.
Compiled for the commission under the direction of Charles A. DeTurk, Division of Beaches and Parks chief who assumed office 18 months ago, the report states:
The commission anticipates presenting a continuing program each year. After the proposals submitted at this time are completed expenditures will be considerably reduced but would continue at such a rate as to meet the continuing need of a growing state.
If adopted, the program calls for a total of about $150,000,000 at "1960 land and construction prices," but will provide:
1. Vastly improved and expanded camping facilities on Southern California beaches.
2. Adequate opportunity for California families to vacation in a State park rather than being turned away in almost every area on any given summer day because the park is full.
3. Approximately four times the present available picnic facilities at popular weekend and day-use areas, such as the San Mateo beaches and Southern California beaches not suited for camping.
4. En route camping parks, a pilot proposal with a series of four on the Route of the '49ers (State Route 49 through the Mother Lode), and the Route of the Padres (U.S. 101 from San Diego to Sonoma).
The report covers six geographical areas, plus historical restoration, and the proposal for en route camps. The six areas are:
1. Central Valley and Valley Rivers.
2. Northern Redwoods.
3. Southern California Beaches.
4. Sierra Nevada, Cascades, Siskiyou.
5. Southwest Desert and Mountains.
6. Bay Area and Central Coast.
The program was submitted to Governor Brown by DeTurk, Will Rogers Jr., chairman of
Firm to Continue 1960 Interest Rate
Home Savings and Loan Association will continue to pay earninis at the rate of 4½ percent per annum o nsavings accounts at its 24 Southern California offices during the first quarter of 1961, Kenneth D. Childs, president of the association, has announced. The company began paying the 4½ percent annual rate in the first quarter of 1960, and has paid it quarterly since then.
Business Will Swing Up In 6 Months, Say Analysts
The nation's economy will start expanding again in the next six months, following the current mild recession, and will set a new record this year for total business activity.
This is the average prediction of 23 professors of the UCLA Graduate School of Business Administration in their ninth annual forecast, compiled by Prof. Robert M. Williams, acting director of the Division of Research.
A detailed analysis of the forecast is scheduled for the winter edition of the California Management Review, published jointly by the University of California's Los Angeles and Berkeley Schools of Business Administration.
Despite the generally optimistic outlook, 1961 unemployment may be somewhat higher, and stock prices and car output slightly lower than in 1960, the analysis says.
In general, here's how the economy is expected to look in 1961:
Increases are predicted for gross national product, up to 514 billion dollars; Federal Reserve index of industrial production, to average 110; and residential construction, with 1,300,000 private housing starts.
Slight drops are forecast for automobile production, down 200,000 units to 6,500,000, and for stock prices, as measured by the Dow-Jones Average, expected to fluctuate between 670 and 560, compared to 685 and 566 in 1960.
Wholesale prices will continue generally stable, with a slight 0.4 point increase in the wholesale price index of the U.S. Bureau of Labor Statistics. The consumer price index, however, is expected to rise 127.8, up 1.3 points over the average 1960 level.