The Daily Alaska empire Newspaper, July 2, 1946, Page 4

PAGE FOUR D -l l k . |of goods increase, prices will respond, unless the at yA askda mplrc country becomes involved in an inflationary spiral resulting from uncontrolled wage increases and strikes Published every evening except Sunday by the EMPIRE PRINTING COMPANY Second and Main Streets, Juneau, Alaska HELEN TROY MONSEN - - - DOROTHY TROY LINGO - - g disastrc that stall Barring that pos- Prestdent | sibility, the forces that make for mounting prices and Vice-President of price control will even- production necessitate a continuance WILLIAM R. CARTER - = = Editor and Manager ELMER A. FRIEND AP, - Managing Editor ¢ o tielr r power. For, WHe! e GOV~ B T L Ch e o | tually/ose tieir driving’ power. Kor, Wiien the Gov ‘, ernment ceases to borrow to cover deficits, the creation Bntered in the Post Office in Juneau as Second ass Matter, SUBSCRIPTION RATES: Belivered by carrier in Juneau and Douglas for S1.50 per month; six months, $8.00; one year, $15.00 By mail, postage paid, at the following rates: from this source subside and civilian goods come o One year. in advance. £15.00; six months, in advance, $7.50; ¥e Tonth, in advance, 150 s the market \in amounts sufficient to meet curren Subsoribers will confer a favor if they will promptly notifs | qemands, the public will be less inclined to indulge the Business Office of any failure or irregularity in the delivery Hds, Spe LS v & ©f their papers. in the frenzied kind of buying characteristic of the Telephones: News Office, 602; Business Office, 374. | of new purchasing power—the primary cause of infla- tion—will likewise cease Then as fears of inflation recent past That time may come much sooner than anticipated in case of some commodities—especially commodities that have been bought in excessive amounts to antici- pate future needs or in the hope of speculative gains The prospect of defla- MEMBER OF ASSOCIATED PRESS The Assoclated Press is exclusively entitled to the use for republication of all news dispatches credited to it or not other- wise credited i this paper and also the local news published herein NATIONAL REPRESENTATIVES — Alaska Newspapers, 1411 Pourth Avenue Bldg., Seattle, Wash. from resale at Ligher prices. tion should not, therefore, be ignored because of our immediate concern with inflation. Our aim should be to maintain a general stability of prices that would enable us to avoid the evils flowing from inflation and the equally great evils that would result from deflation. The best defense against the |is for a wise public to maintain their own selective high prices for goods more former price control by refusing to p |still short in supply. We have gotten along without many items during the war and can still get along | without them. Seismic Sea Waves [ION AHEAD (New York Times) The boy who drops a stone into a pond and watches the resulting ripples spread out learns some- thing of one way in which energy can be transmitted. The great seismic sea wave which originated in the Aleutian Deep and spread out for thousands of miles falls in the same category. No huge mass was dropped DEFL Before the end of the war there was a widespread belief that prices would drop sharply, at least for a brief period, following the end of hostilities. Contrary | [ tredictions, the valume jof demobliisation - into the ocean. There was a landslide which caused ployment proved to be unexpectedly small, warworkers {ypo pottom to drop, with the same result. To fill the and returning veterans being absorbed into civilian |hgle formed, surrounding water rushed in. Thus the industries more rapidly than anticipated. As a result, | huge waves which dashed against the Pacific Coast current income payments to individuals, though re- las far south Chili were generated. Since waves |come in a train, it was natural enough that those which were set in motion by the collapse of the ocean bottom in Dutch Harbor took some time in subsiding. These at the from are still at extraordinarily high levels, explain why trade is booming present time and goods rapidly disappearing retailers’ shelves. Buying pressure has also been main- | tained from savings backlogs built up during war- time. Moreover, people are spending a larger pro- portion of their current incomes instead of saving, duced facts partly m; displaced. It must have been enormous in the ase of the recent inundations, and its displacement {must have been sudden. Had the earthquake that iprodurvd the wave occurred on exposed land near the while tax reductions have released funds for spending. | sho: the effect might have been just as far-reach- The effect of this sustained high volume of pur- ing d just as devastating. What astonishes laymen chasing power Is to create an inflationary pressure |but not physicists is the height, length and speed of on prices that has caused most people to discount |lhe waves. In the recent case that height was prob- the possibility of prices moving in any direction ex- ‘nbly not much more than thirty feet, despite all the cept up. jtales of a hundred feet and more that have reached S us; the length from crest to crest was probably hun- Most of the discussion about price policy and the | jye4g of feet, and the speed was certainly of the order need for price control assumes that the lifting of such | ¢ 350 miles an hour. “Mountainous” ocean storm controls would be a signal for a sharp advance in market prices. That would undeniably follow in case pared with those of seis of commodities that are in short supply. Rising wage |in length and faster and other production costs will likewise entail further The effects of these huge seismic waves advances in prices of finished goods as'long as un- |according to the character of the shore. If there are satisfied demands, backed by cash in hand, persist. | bays and narrow inlets, the water crowds into them From various quarters come warnings that the present 1ancl inundates bottom land; but along a straight shore s 5 i | nothing but an unusual surf will be observed sellers’ market in certain kinds of goods may become of wave lengths of hundreds of feet the captain of a 8 buyers' market before we realize what is happening. | ship at sea will be puzzled. He will note the very Consumers are said to be shopping about in search |glow rising and falling of his ship. But only if he is of better quality goods and showing greater resist- | unusually well informed will he attribute the rising ance to high prices—a danger signal from the sellel and falling to distant quake, for he will feel no Viewpoint. shock if there is only a \:-rl)‘('ul drop .;f the m:;:il\n A. Z : J . | bottom far away. Nor will he be in any danger. The % This attitude of caution on the part of buyers is| g, ugiists will have to consider two sets of phe- likely to become more pronounced as their most press- | nomena—the earthquake itself and the secondary ing demands are satisfied or as their reserve funds effects, which happened to take the form of seismic dwindle. Even now occasional outstanding instances sea waves. of price declines occur that convey a warning. For | ———— - Anstance, burley tobacco prices suffered sharp declines Considering the incandescent lamp and the car- a few months ago and the southern Maryland tobacco | buretor, Thomas A. Edison probably was the most market opened recently with a drop in average prices | notably useful American of his generation. Press {é the lowest level since 1942, despite the removal of | agents particularly owe him a debt of gratitude as the OPA ceiling prices. inventor of the multigraph machine on which they run As buyers become more selective and as supplies ' their handouts. The Washington mic origin they are shorter but some of brain-trusters and Leon Henderson the like overlooked now, | The nonplused Fierson tried to | old Roosevelt | explain that he meant nothing by M G R d | the remark, but was only “kiddin Bob Nathan e"" 0-Roun |He thought for a moment that long had bee1 warning about the |Hurley had mistaken him for a housing sho“iage—to no avail. (Continued from Page One) John Snyder and other top people —including Jack Small—paid no attention to tnem. So it was not until March 26 of this year Lhat Small finally is- sued his stop-order against further unessential coustruction newspaper columnist by the same | name. Hurley, however, was spoil- that large crediis can ve claimed |ing for action and refused to ac- by corporations which actually cept the apology. Jumping to his make more money this year than!feet, he began to peal off his coat. they did in any of the years from| urye taken an 1.1 going to from 1936 to 1939, simply because their|y,, Come on outside and we'll set- capital investment is now larger. |je this thing right now.” i e The size of such seismic sca waves depends on the | waves rarely exceed twenty feet in height, and com-; Because | — e S~/ JULY 2 Jean Stewart Charles Smith Mrs. Ida Nordenson Rhoda Green Eilc Walsh N. T. Keaton Iris McDonald Catherine Gray M. D. Thomp: e o o o 0o o o o 2 - S cocoeeeccsece Secescccccnce HOROSCOPE | “The stars incline but do not compel” e s} WEDNESDAY, JULY 3 HEART AND HOME Parents are favored under this contiguration They will accom- Iplish by patient kindness and in- telligent counsel what their chil- dren’ will obstinately reject when attempted by force. | BUSINESS AFFAIRS | Those dealing in will enjoy a period of prosperity well ahead of schedule if no other | obstacles are encountered by industry. Millions of men are ready | to restock their wardrobes and have the money for it when they are offered come selection and better quality good: TIONAL ISSUES every indications that the Democrats will renominate Mr. Truman and that the Republicans will seek a candidate who can make | the most of labor's hostility to; the President. INTERNATIONAL | Insect plagues of unprecedented proportions in many parts of the world will call attention to Biblical prophecy. Some devout Bible stu-| dents hold that a careful reading ot .l!u‘ Bible will reveal that every important event of our time was foretold there i Persons whose are promised by the stars: of outstanding success in avor of importance, Children born today will have active minds, clever hands and strong bodies | (Copyright, 1946) There is AFFAIRS | this is A year an en- birthdate future construction. He wir- War Production Board ;m« n all over the country asking {them to come back. Meanwhile | word leaked out a day or two be fore March 26 that all non-essenti | building was to be stopped, and cont tors rushed to put a ‘“piece of steel in (he ground” so they could say construction already had | started One big tion since then has, been to decide whether jobs al | veady started should be stopped.| {CPA’s Small and his staff have| [found that stoppage sometimes | | would create hardship, sometimes | bankruptcy. ‘That is one reasor why the race tracks and much un-| essential consiruction is continuing. | | Some peopie, including this writ- | ter, don't believe the CPA staff has been tou viously it's a ult problem. And whether right or wrong in the past, it is only fair to point out that | gulate ed former his staff has been doing an in- creasingly goud job recently, for Wilson Wyatt and iHnusing Cz: others now pay tribute to the CPA boss for throwing everything he has into the veterans building pro- gram. | (COPYRIGHT, BELL SYNDICATE, INC. 1946) | - — | Mills charged that many large| gy tnis time, Pierson's own dan-| RACE TRACKS GET BUSY fiinsnice are {aking advantage of |ger was up, | At that time Small lacked both YOUR inoney earn four . Buy Alaska Finance Cor- LET | perc this loophole, and as a result the| -y don't know what's eating you, the personnel and the money to re-1 poration demand notes. (205:tD) taxpayer foots the bill for the ex- ¢ jf you want to fight I'll be f-‘;“*‘l‘”‘[ ;‘ 1‘;""“‘“ ‘“d““;"“‘si) He | glad to accommodate you,” he shot |H|a|s JATW/E[D] also listed a long series of * uses | hack | C d P l S 4= and ‘transactions which will noj poth men had started for the rosswor ‘uzzie figE :g,%fi doubt be rescrted to in order to|goor when friends intervened and Sp— GlrIA(P|E EIIU create "csu}—back refunds or “‘x.mduccd them to return to their| ACROSS 0. 1"‘.‘5‘?“(3‘":,;.'," PIAIR/EIN | seats. , | flowers | 3 Congressionel tax experts think! «pmy the moderator here,” sooth- 34. Coats with an %.?«i»f%% there is a chance that repeal of|eq Homer Cummings. “Let’s have BIAIRS|EIE - the carry-back provision might be| ey 3. e - put through this year—if the Trea- AL = 1 2 8_: - ! sury sends up a strong report re- | 3 ll\-;‘l"’vm_ £ a B AISIK TIE commending if. That is where new; CPA’'S HOU 3 HEADAC \ P e N Secretary of (he Treasury Snyder, Having ciccked down rather vi-| 17. Artifical 1 gt :J“ W E has his big clance to show he is| gorously on Civilian Production E: {.\k 46, Airz, comb, JAIRIAIS/AIN not always the pal of big business.| Administrator Small and the race 20- Symbol for o EIKIE DIITI —_— |tracks and roller coasters built at vats Uncooked NOIPIERMEIL | . Spanish wlde= mouthed jar While HURLEY'S HIGH-JINX {the expense of veterans housing, it 2% King Arthur's If you happen to be sitting at!is only fair to describe some of the dinner anywhere near ex-Secretary|headaches Mr. Small faces. This is bachusatie.ph R of War Pat Hurley of Washington,'an attempt tu tell the other side xn”:»".lnm i L 1?{‘\151\'3 nhabita : o Oklahoma ana_ New Mexico, you of the story. . LD 5. Jack Small came out of the Navy to take over the job of Civilian Production Administrator at a time guests at a swag dinner attended when m economists were predict- ‘by Hurley, Senator Burt Wheeler, | ing a. post-war depression and ex-Attorney General Homer Cum-|wide-scale unemployment. In fact 'mings and Warren Leec Pmrsnn":’mnv set thc figure as high as some time ago. They are still talk- 10,000,000 unemployed by Christ- ing about it. mas. | Nothing happened until the) ‘The proposca cure for unemploy- middle of the meal, then Pierson,| ment was ccnstruction. To that end Tave to be cavful, You never can tell just what's going to happen. At least that’s the testimony 7 7 BE of Solution of Yesterday's Puzzle 61, Fleeting: obsolete 62, Sto 63. Leg 64, Covered with a black liquid . Deposit of ore . Express con- tempt ‘ ic acid verage ‘aptain of the t of Absalom 0. Hindu cymbal 1. Kind of miner former head of the Export-Import all construction controls were re- ‘Bank, now president of the Radio|moved and tle green light given to Corporatjon of America, a|all sorts of building. grinning reference to the old mule! Shortly after this, the unemploy- gkinner in their midst. Hurley,! ment estimates proved to be wrong, who once drove a mule in an Okla-|and instead of a surfeit of labor fiema mine and usually goes out' lhere was a shortage of almost ev- made of the way in boast about it, sud-' erything—from labor to 10-penny denly dropped his knife and fork nails and bellowed Result was tha- wy the time Con- ““1 heard that crack you made gress and ton officials belatedl about me and I'm getting tired of got around t. worrying about vet- your insinuations. Everybody knows|erans housing, all sorts of other what you think or me. Sure, I used construction—some of it essential, to be a mule skinner. Do you want some decidedly not— was already to make someihing of it?” under way. Of course, it's generally . East Indian welght | P men’s clothing | § enough, but ob-_ from 20 YEARS AGO 7%'s empire B e JULY 2, 1926 Hose races, the time honored event of the Fourth of July celebration in Douglas, were to start the doings at 7:30 o'clock on July 3. arrive in port loaded with Canadian National amer Prince Geol tourists a party of Shriners and their families from Islam Temple n Francisco. Koski was in top form and held the Elks to a single hit, the Shavey Mo winning by a score of 5 to 2 the previous night. Tt really should have been a no-hit game, but George (Red) Shaw misjudged a high line drive by Douglas Oliver in the sixth frame by running under it and it went for a three-base hit. Koski fanned 12 Elks. Selem Jackson sged support hurled good ball but was given r: MacKinnon opened with every apartment taken list waitin: Apartments for vacancies. The and a long were to remain for the Emporium “dress up” Goldstein’s desiring Behrend to accommodate ore Both evening open thos to Fourth T J. M. Saloum of the Junction Store, was advertising ladies’ rayon hose at 50 cents a pair and pure silk chiffon hose at $1 a pair. With a full list of tourists aboard, the Dorothy Alexander was due in port from the south this night Weather report: High, 67; low, 63; clear Daily Lessons in English % 1. corpon e e et e} WORDS OFTEN MISUSED: Use O in direct address, OH to express emotion. “O John, is that you?” Oh! Why did you do that?” OFTEN MISPRONOUNCED: Valiant -yant, both A's as in sccond A unstressed OFTEN MISSPELLED: Wherewithal; only one L. SYNONYMS: Reasonable, fair, just, equitable. WORD STUDY: “Use a word three times and it is yours.” Let us increase our vocabulary by mastering one word each day. Today's word APOLOGUE; a fable or moral tale. (Pronounce ap-o-log, A as in AT, first O as in OBEY, accent first syllable) “He always managed introduce a few interesting apologues into his lectures Pronounce va to (et i | MODERN ETIQUETTE Homrra ves | ———d b Q By whom should the and wedding engagement be announced, what is the proper to do s0? A. The engagement should be announced by the parents of the girl verbally to friends, by s to relatives and distant friends, and publicly through the local newspapers Q. When serving coffee how tributed? A. Place the spoons on the saucers be used for the engraved monogram or home intimate n should the spoons be dis- to gue when the coffee is served color any address or stationery? A. Yes; gilt, silver, or colors may be used if desired. e ¢ 1 | | | | | 1. Which State has the loast number of men In proportion to women? 2. Who was the only Vice-President of the United States to resign? ¥y 3. What class of people suffer the most colds? 4, What fraction of the earth’s surface never receives snowf 5. What bird can run the fastest? ANSWERS: 1. Massachusetts has but 94 men for every 100 women. 2. John C. Calhoun resigned as Vice-President in December of 1832, 3. Office workers. 4. Over one-third. 5. The Australian emu, which has been known to travel 31 miles an hour for 10 miles. Clear Coffee IS GOOD COFFEE SILEX COFFEE is CLEAR and DELICIQUS! A Choice of Models at PARSONS ELECRTIC CO. Corner Second and Seward Streets BRONZE SHAFTING — STERN BEARINGS — PROPELLORS GRAY MARINE ENGINES SALES and SERVICE Juneau Welding and Machine Shop C. E. BAYERS as a pald-up subscriber to THE DAILY ALASKA EMPIRE is invited to be our guest THIS EVENING. Present this coupon to the box office of the CAPITOL THEATRE and receive TWO TICKETS to see: "WEEK-END AT THE WALDORF* Feaeral Tax—12c¢ per Person PHONE 14—THE ROYAL BLUE CAB C0. and an insured cab WILL CALL FOR YOU and RETURN YOU to your home with our compliments. WATCH THIS SPACE—Your Name May Appear! | DR. E. H. KASER DENTIST ; BLOMGREN BUILDING Phone 56 HOURS: 9 A. M. to 5 P. M. The Erwin Feed Co. Office in Case Lot Grocery PHONE 704 HAY, GRAIN, COAL and STORAGE CALIFORNIA Grocery and Meat Market 478 -~ PHONES — 371 High Quality Foods at Moderate Prices Jones-Stevens Shop LADIES'—MISSES’ READY-TO-WEAR Seward Street Near Third Femmer Transfer Prompt Courteous Service BONDED WAREHOUSE 0Oil—General Hauling Phone 114 Triangle Square Alaska Music Supply Arthur M. Uggen, Manager Pianos—Musical Instruments and Supplier Phone 206 Second and Seward HEINKE GENERAL REPAIR SHOP Welding, Plumbing, Oil Burner Blacksmith Work GENERAL REPAIR WORK Phone 204 929 W. 12th St. | “The Store for Men" SABIN’S Front St—Triangle Blda. { Warfield's Drug Sfore (Formerly Guy L. Smith Drugs) NYAL Family Remedies HORLUCK'S DANISH ICE CREAM HUTCHINGS ECONOMY . MARKET Choice Meats At All Times Located in George Bros. Store PHONES 553—92—95 B.P. 0. ELKS "Meets every second and fourth Wednesday at 8 pm. Visiting brothers welcome. E. C. REY- NOLDS, Exalted Ruler. W. H. BIGGS, Secretary. MOUNT JUNEAU LODGE NO. 147 SECOND and FOURTH Monday of each month in Scottish Rite Temple beginning at 7:30 p. m. M. L. MacSPADDEN, Worshipful Master; JAMES W. LEIVERS, Secretary. Meets each Tues- day at 8:00 P. M, 1. O. O. F. HALL, Visiting Brothers Welcome FLOYD HORTON, Noble Grand H. V. CALLOW, Secretary TUESDAY, JULY 2, 1946 The Charles W. Carfer Mortfuary Fourth and Franklin Sts, PHONE 136 FOR TASTY FOODS and VARIETY TRY Gastineau Cafe Foremost in Friendliness VANITY BEAUTY SALON Cooper Bullding ELSIE HILDRETH, Manager Open Evenings Phone 318 METCALFF. SHEET METAL Heating—Airconditioning—Boat Tanks and Stacks—Everything in SHEET METAL Phone 711 90 Willoughby Ave. "The Rexall Store" Your Rellfable Pharmacists BUTLER-MAURO DRUG CO. HARRY RACE Druggist “The Squibb Store” Where Pharmacy Is a Profession 20TH CENTURY MEAT MARKET Juneau's Most Popular “Meating” Place ONLY THE BEST OF MEA'TS PHONE 202 i CARO TRANSFER HAULING and CRATING DIESEL, STOVE, CRUDE OIL Phone 344 Phone 344 WallF;R’aper IDEAL PAINT SHOP Phone 549 Fred W. Wendt GLACIER ICE C0. Regular Home Deliveries MONTHLY RATES | Phone 114 The Alaskan Hotel Newly Renovated Rooms at Reasonable Rates PHONE SINGLE O JUNEAU UPHOLSTERY CO. RE-UPHOLSTERING NEW FURNITURE DRAPERIES Phone 36 122 2nd St. ALASKA ELECTRONICS| Sales and Service Expert radio repair withoat dels P. O. Box 2165 217 Seward PHONE 62 ER M. S. LEOTA — $80 per Day and up M. S. DONJAC—$ YWHERE ANYT or BU PP — 45 per Day and up 1E for PLEASURE SINESS PHONE 79 or BLUE 449 o ) o New Construction Free Estimate " DOUGLAS BOAT SHOP | and Repairs Jobs Phone Douglas 192 0 g?\lasf:aér\fi 2 Contury of Banking—1946 % BACK YOUR GOVERNMENT ¢ and INSURE YOUR FUTURE BUY and HOLD / United States Savings Bonds % The B. M. Behrends 2 Bank g,é Oldest Bank in Alaska iém COMMEIEEEQ}M . SAVINGS § o o