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Show : THE A UTAH STATESMAN Weekly Newspaper Devoted lo Good Govenunent" Harry B. Miller, Publisher Gail Feltch, Contributing Editor 421 Church Street Phone Entered as 2nd Class matter at the Post Office at Salt Lake City, Utah, under the act of March 3, 1879. Subscription $3.00 per year. Single copy 10c Published weekly at 421 Church Street, Salt Lake City, Utah. 421 Church The continued good health of business and the stock market has been undermined by the confused political outlook and a growing belief that the chance of electing a Republican president next year is now no better than even or perhaps worse, according to Emerson W. Axe, economist and president of the investment firm of E. W. Axe & Co., Inc. Axe warned against a change of administration and its un.A slender reed in a political favorable effect upon business sentiment in a state of die econwindstorm, is the way Repufoli omy message to die investing public. can National Chairman Leonard Aside from political consideraHall referred to Adli Stevensons tions he found economic condi- or fluctuations at a general high new stand on the farm issue. Hall Cites Adlai For Policy Flip . Street Phone EM 49 Active Member NATIONAL EDITORIAL ASSOCIATION. 1955 tions today favorable to a con- level. tinued high level of business ac Business in foreign countries tivity end confidence. has improved satisfactorily over He summed up the performance the past several years and is an record of past Democratic admin- additional support to business in istrations and said that the busi- this country. The story of the vote that should have been is being told ness and common stock situation While inflationary forces must in Bingham Canyon this week. of 1954-5- 5 has depended more up- undoubtedly be reckoned with in When the votes were counted in the City Council primary on confidence in the political sit- the long run, Axe concluded, the EDITORIAL Just One Vote Shy race there Tuesday two of the seven candidates tied for elimination honors. On September 23 the Statesman ran a short editorial reprinted from another publication. It was entitled You Never Know When a Vote Counts. It noted that only the votes in the box are the votes that count. Now the people of Utah have a case in their own city government organization, it brings the point closer to home. The Salt Lake City municipal elections are Nov. 8. The registration stations are open only on Tuesday, Nov. 1. e sure to register to be eligible to vote. Then be sure to vote. Give it a thought Its only the vote in the box that counts. GOOD GOVERNMENT IS EVERYBODY'S JOB! SUBSCRIBE NOW! 2 year $3.00 years $5.00 CIRCULATION OFFICE SAME . ADDRESS CITY , Remittance m said. p After six out of eight Democratic presidential victories (1892 1912, 1916, 1936, 1940 and 1948) common stock prices declined more or less seriously and in all but one of these six instances there was also a decline in gen- eral business activity. In one of the remaining two cases, 1932, both business and security prices had been so severely depressed before the election that an upturn was inevitableand had indeed actually occurred in key indexes several months before the election. In the other, 1944, a strong war boom was in progress. In both these cases strong inflationary forces were building up. Axe said that the ' investors problem today is complicated by the high level of stock prices in relation to earnings and assets. But the economic factors governing the future of common stock prices, he said, still show a balance on the favorable side. There is no sign of an imme. mediate business downturn, he continued, and with activity in building, automobiles and defense work likely to continue high for .at least another year about the worst that can be expected is min. - Subscribe now to THE UTAH STATESMAN HA weekly newspaper devoted te good govenunent" and keep pace with local stale and national govenunent news. I uation and longer-teroutlook negative side of the situation now comes down to a question of the than on any other factor. extent to which security prices The question the investor will take account of the worsening faces, therefore, is not whether the political outlook and the nature of outlook has deteriorated but the political developments over the extent of the deterioration, he next year. Hall accused Stevenson of bowing to pressure from Democratic leaders by switching his stand. He said Stevenson has said the 99 per cent parity program was not the answer to the farm problem as recently as Oct. 7. He completely reverses himself now, Hall said referring to the Des Moines meeting Friday when he said that 90 per cent of parity is all the more necessary at the present time. The reversal was termed as a flip-floon policies by Chairman Hall. STATE Bill me later "For every pound I steam off, George is going to give an extra pledge to the United Fund." The Home of the Giant Cowboy 4 HUMMEL PATTERN SHOP 455 West Phone 7th EL South 24 "WEN DOVER WILL" State Line Hotel Inc. WENDOVER, NEVADA CAFE - BAR - CASINO - MOTEL -- - SERVICE 1353 Indiana Avenie PHONE EMpin 03 ALTA GARNER EASTERN NEVADA W. F. Smith G. L. Jones President Manager Largest Mechanical Cowboy Sign October 28, 1955 TEXACO Open 24 Hours Daily First and Last Stop in PAGE TWO B & D THE UTAH STATESMAN Specializing in BEGINNERS, ADULTS and CHILDREN Popular and Classical 417 Chuck Street Phone EL 5-3- |