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Show of U, library Salt Lake City, Utah D, Babson Foresees No War With Russia Unstable English Pound, Rise In Costs In 1965 BY ROGER BABSON of the Promising the United States Seac and prosperity, President John son was carried to victory 'last November on an overwhelming landslide. By nature he is more likely to com promise than to contest Also, he la deeply sincere in his desire to accelerate the economic growth of this country and to wipe out poverty. ' But we must not forget that both Woodrow Wilson and franklin Roosevelt promised to keep America out of "for-eta- " wars. And already the British financial - crlsia has forced the Federal Reserve to raise its discount rate to .4 par cent despite President Johnson's dislike of higher money rates. Therefore, H we look forward to 1986 from our more than 80 years of experience In forecasting and analysis, we emphasise once again that .the great rolling tides of economic fundamentals and social currents are likely to have a greater Impact on what is to unfold than will the campaign promises of successful candidates. 1. Then will be no war with Russia during 1985. The Russian people want some of the peace and prosperity" . that President Johnson mised our citizens. pro-- d biggest use of her nuclear power will be to "blackmail" the West 2. Watch Russia's satellites in i965. They will try to make 6. Regardless of what hapa deal with the new Moscow pens in the next few months, Administration which will in- we look for President Johnvolve) more trade and pros- son to compromise on the perity and less politics. Fol- situation in South Vietnam lowing Khrushchev's fall, the satellites will aim for more consumer goods for their people rather than for more personal freedom 3. Russia will not bring the Berlin issue to a crisis in 1985. The tendency will be to talk about Beilin until Red Chinas. course action becomes clearer. 4. Red China made thebeg- at news In 1964 I a nuclear bomt In 1985, Communist China's greatest effort will be to gain admission to the United Nations. World leaders cannot ignore this awadentng giant with Its 700,000,000 pple. We believe there ia a 0 chance that will get into the Red the UN Dragon 5. However, Communist China will not risk all-owar In the year ahead. She has neither a sufficient stockpile of nuclear bombs nor adequate means of delivering them in quantity. Red Chinas - soft-ped- al 5 1 50-5- ut new-foun- sometime during move toward 1985 and leadership, will increase efforts In 1965 to produce new u Is realised there would be no Maginot or othnr line" to protect any country in future wars. Control of space will. b the new aim In super-weapon- s, 10. new Intensified emphasis on defuses space-ag- e will provide more Jobs in 1965 ob7. Conditions In Cuba are than the closing down of not likely to change radically solete installations .will elimif. in 1965. The Russions will do nate. ' nothing to handicap Castro; 11. stock market wfll neither will they do much to continueUse to be a paradox In help him. Thus Castro will be 1965.; The .DowsJOnes Indusunable to deliver . the ecotrial Average may push to nomic help he has beat pro- 1000 before real turnmising owr Latin American around takesanyplace. Many nations. And with world sugar stocks however Including the Cuban chlf- - numbers of Issues Oriented to glees down, try to mak a deal conventional warms and dewith the United Sates before fense - will stilfdo little or the end of 1965. nothing. Look for greater se8. Cutbacks In defense lectivity in stocks newt year. spending will not result in 11 1965 may be an advanradical unemploymnt In the time for Investors to UJS. In 1985. Companies and tageous sums of mon-small put very affected regions seriously by stocks. These the loss of "conventional" defense work will shift to meet are outngnt speculations, but the rapid changes due In our so were the ventures of Coother system of defense during the lumbus, Magellan,, and explorers of the pest If there next few years. were no there would be no progress, Such 9. Our Defense Department, hbwi under Secretary McNamaras "Investments, . . : risk-tok- en should be wril diversified and ing 1965 longer bonds may be- additions to rolls will be most te eruptions of late 1964, per limited to amounts you would come good buys. noticeable In fields such as aonal Income should move be prepared to lose. 17. Inflation fears may rise teaching, personal services, smartly ahead to new higha and government work. In the first half of 1985.al-thoug- h 13. Cash dividend payment; in 1985; but we do not look the rate of advance should Increase In 1965.. .al for runaway prices next year Little real progress will will alow after midyear. aa is too productive capacity be apparent in the drive to though at a much slower rate than has been the case this large. reduen unemployment. We 29. This projected riseia year. touching income will be beneficial to 18. Mora wage hikes are are only now Just the binew explosion in retail trade. And though buy14. No assessment of fin certain in 196. Liberal con- off labor force. ing in the second quart ances in the United States cessions won in the auto and growth may be can be made without care other Industries in 1964 pro24. Due to rising labor costs income-ta- x dampened by heavy due vide the for tempting targets look for business to turn even Unde Sam onpayments15th as folly weighing Britains April unions steel and secondary more to automatical and plight We are convinced that a result of union the Labor Government labor groups to shoot at in devices In 196. during 1964, the last half of 196. Pressures on profit adopts strict austerity measthe year will find retail trade urer, the pound will fall beand ef- In certain lines - such as fora 19. To the extent - and this will spur fore the end of 1965. raise productivity. and Jewelry - spurred by could 'be considerable - that forts President Johnson's promised' 25. Because of Until Am fate of the higher costs cannot be comrising excise-ta- x cuts. for hikes abort-terpensated is resolved, by price and overwihelming penses tereat rates must be kept and greater efficiency, profit competition, a further inSO. ibe Important automocrease in failures will be bile industry should poet high to prevent foreigners margii will suffer in 1965. era in 1985. withdrawing their daexcellent sales ye In 20. Indeed, despite the prore. Alio, domes- - jected 2 but the year ad196, cent the in cut 26. automoAa per result of a for credit provances we fed that gains will income rate tax In corporate 1964 bile strikes late and mises to remain strong. next year, wa look for only the fear of a possible steel be hard to come by. Hence, Interest rates wul a alight overall rise in shutdown in very we look 31. The powerful building edge upward during 1965. corporate profits... nothing to few a bulge In business vol- and construction activitiaa 16. There may be some compere with this stmt's ume during the first half of should prove a strong support 20 In bond prices aa In- huge per cent expansion. 196. to general business during terest rates move upward, 21. Labor disputes will be 27. In a nutshell, business 196... even though we foresas but there should be no masno marked improvement in numerous 196. labor should make new all-tiMany sive decline unless a real crereand be In early 196; after Some gain in dollar volume will, dit crisis develops. Investors pacts can, for wage opened adjustments making new purchases would during the coming has year. peon do well, however, to stick some will set another new record. now to bonds maturing with22. Employment will contlons and a breathing spell is in five yean. Sometime dur tinue favorable In 1965, but labo- under-withholdi- cost-cuttin- g b m mld-19- 6, ur t SSSA? libraries Recreation JAN the Committee' & ng r-saving County Names V I 41965 CACHE VALLEY A five man county recreation committee was recently named by the Cache county bound of county com- missioners. The members of the committee Included WQtis Hall, representative of the Cche NO. 12 county school board; Todd VQL.HI Weston,' county commissioner; H. B. Hunsaker, - EUi Jonas, representing the North Cache area, and Jay Annum; the representing South Cache area. Mr. Weston will serve for six years, Mr. Hunaaker for five years, Mr. Hall for four The was frozen this years, Mr. Jonas for throe week valley covered with a and for years and Mr. Auman layer of winters snow thus r' two years. any aeriaui floodNew members' of the thwarting of ing board win be appointed in streams.. the rivers and rotation. .dammreof.-aq- y U.TbagroupwiIL ia swoDra water the state recreation ways last week was on the in the acmriaWon of Clarkstoa creek. atira attest .end'tV)rir ABOUT BIZ INCHES of snow was reported at Lewiston, falling in two different stages and following slight snowfall on Monday, Temperatures were expected to drop near zero Tuesday night rUffaig Snow plows were out dear-la- g fanners who desire proporthe valley highways and farms their for aharos tionate roads Monday and Tuesday. la January 15. 1985, accordtajE More snow was expected. to tin Franklin Some basements were ream Stabilisation cultural? Conservation Committee. ported flooding in varioui Farm v operators . desiring parts of the valley, Indud-faPreston. bans of sugar acreage should file their Bov River, flowing way above normal, was reported requests on special forms through ASCS County at 2970 feet in North Offices. valley. The rain of last week, The sugar beet acreage allocation for il ifSOM mote than an Inch and a acres. . half In a period of a day and The national acreage limi- half, was one of the Mg teetation of L375,00Rjras recom- ters in swelling the rivers mended to the U7S. Depart and streams. Also melting ment of Agriculture by the above the 6000 foot level was beet sugar. Indiiiiy. Comper- reported. ed with 1964 acreattr it proor about 11 vides in eitab- jWT'Cent nationally EAUT V THURSDAY, DEC. U, 161 LEWISTON, UTAH, 84325 Lower Temperatures Stop Flooding Of Valleys Streams And Rivers . o . TOYS FOlCtiANTA - Members of Cub Scout Peck 26 got busy with ttw aid of a master, end Mix. Ivan ConUngley and ltyj. Dale Kirby, dm mothers. . rr.,..Vi., The Citizen Photo . mmrnu sir THE DAMAGE along the Clarkston creek waa considerable to fan seeded wheat Acand erosion of ImmI cording to Donald Drage of the Soil Conservation Ser- rampage raised the level of vice office, the Clarkston Newton Dam flooding was a result of L9 according to inches of sainfaU in 18 hours. Reclamation. The dam ia Clarkston creeks two day now 40 per cent full. - UTs Hot Foiytt , . By Hay FHeii Deadline Set For C--1 Dance Sol The law nodM that acreage allocatecf fa seven areas TO THE NEEDY About 90 baskets or food, valued at about 620 each, was distributed to needy families In North Cache Valley Christmas eve by the Preston wim members of the club worked on the project, headed ter Bill Nash. ifbro than The baskets were distributed In the Lewlston-Rlchmon-d end Preston Anderson Photo 6 Daily Bretdtn Ta Meet Soon PmtOR Uai Maned To Board Tractor Hans Over Boy The annual meeting of the Cache Valley Breeding associA nine year old Banlda ation will be held at 1:6 PM on January 7, according to boy apparently escaped seriofficers. ous Monday when he It will be held in the social was injury run over by a tractor hall of the Franklin county his home. near on a road courthouse. A program and election la planned. la Frank Caaper-soThe - Cornish Ward Plans Dali Lyn-ett- Candy Offer Dean End Thursday will be the last day that a free box of chocolates will be given with each new subscription to The Citizen. The chocolates are valued at 62.10 a box. The offr is an introductory one for new subscribers. According to Valden Pitch-tende- nt of the . stain MIA, there will be music, refreshments good and plenty of New Years noisemakers and decorations. Cutter Dices Sat For Now Ymis n- ys Qf Year Sky Vitw Pool cutter races Preston Merchants Offer Baby Gifts Schedule Is Announced Gift certificates, esses of Electric and Furniture, youth Hansen Glass why food, a stroller, and a dinner set; ong list of other gifts await and Paint, wall mirror; Edhe first baby bom in the wards Floral, bouquet; PenFranklin County Memorial ney, diaper bag; U A I There will be in 196. on New Years Day at Gray hospital The merchandise is being Meadows Race Track staring at 1 PM. Gray Meadows offered by 24 of Prestons lutter Assn. and Northern leading merchants in the Jtah Cutter Assn. will meet tefreshments will be sold on of the Year the grounds. Citizen-Mercha- nt First Baby contest INCLUDED IN the merchants am Mode O Day, $3 1ft certificate; Prudential avings and Loan, 6 savat Utah State University, ac- ings account; Western Auto, tive member of the Ameri-pp- n stuffed dog; Mark's Pizza .Legion and Is faculty Hut, Pizza dinner for mom representative to the Ath- and dad; American FDod letic department at the USU. store, case of baby food; He will speak on the sub- Johnson Drug, bottle warmof er and drypers; Mels Drug, The Importance ject, KenTs fever thermometer; Americanism. Slake Group To Hew Talk Dy USQ Profess M-M- en fiffi g Utah-Idah- The first of the Benson Stake Gold ami Green Balls will be faedty ornlsh on Saturday, January 2, at 9 p.m. A floor show la being trepared and the Duane Growth orchestra has been boy engaged for the went. Reson of Mr. and Bin. unanimous. freshments will be served inIn He ia Qulnten Casperson. Mr. Swenson will serve for and the general puMic is fi Rex and vited. Pitcher the Franklin County General three years, terminating at Creech are the dance Memorial hospital under ob- the end of 1967. directors. servation. The boy was riding on the tractor with his brother Dr. Edwin L. Petersen of with the regular Qulnten when the vehicle shifted Into another gear Utah State University will junction AS and Gleaners. throwing Frank under one of be guest speaker at the regand Gleaner Young Marrteds and Mutual the Mg roar wheels. The ular wheel ran across his stom- class held in the Benson Study group' of the" stake ach. After then stake center on January 4 are invited to attend. Dr. Petersen ia head .Of the worn no signs of broken at 7:6 p.m. This will be held in con Social Science bones Internal bleeding. department n, FaiTha Citixan Cleo L. Swenson, Franklin county auditor, waa recently elected to the board of directors of the Associated Taxpayers of Idaho. According to Max Yoat, executive manager of the organisation, the election waa For Eve New Yew states underlhe national sugar boot reserve for Of 196 through 196 crops be cut trotacted from acreage New Years Eve will be cki. Those 'areas have al- celebrated with a dance In locations of .'llBl5 acres of the Benson stake house, unthe total national allocation iter the auspices of the Benand 8,140 acres of the nation- son Stake Mutual Improve- al reserve la allocated to the ment association. o gugirGompany The dance will atari at area In EastQlalu o.m. In nine Furniture, a baby stroller; Arctic Circle, hamburger and shake for dad and Idas; Johnnys Texaco, 64 worth of merchandise. ANDERSON 6 Lumber, gift certificate; Milos AG, case of baby food; Ruels Super Service, 10 gallons of gas; Preston Lumber, tidy peg board; T. C. Merrill, silver, baby cup; Carlsons, cradln seat; Pop n Pfo$, three lines of bowling; The Citizen, a baby book; Klngj , Viariety, baby blanket sleep- r; Idaho Appliance and . SportShop, set of Insulated, SM1THF1ELD The swim pool at Sky View High win be open for piddle swimming Wednesday from' 12 noon until 10 p.m., according to Manager Vic Jensen. On Thursday, there win be no public swimming, but there Is a swim mert including .Sky - .View, Logan and Friday the poo! wffl 'be closed fa observance 'of New tri-scho- ol West-High.- : Years. Saturday, public iwmimlng will be accomodated noon until front fl I.p,e,;Va Becmad fht Ifar Wi f ha hilldAT. ClUZQR IB vis jMlAg ; ffib IbMadaYMdter.; " 1 ; rp L rm |