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Show M i Page 2 November 26, 1964 Southern Utah Mews Ever Seen So Danged Lla ny F oremen? COUTUZnH UTAH K2173 OFFICIAL NEWSPAPER OF KANE COUNTY, UTAH Published every Thursday at Kanab, Utah Errol G. Brown, Publisher Entered as second-clas- s matter October 6, 1944 at the post office In Kanab, Utah, under the Act of March 3, 1879. MEMEBER UTAH STATE PRESS ASSOCIATION C Subscriptions 4 .00 per year, $2.50 for Six Months NAUTKDNAL OmCDdDCi Storm before the Lull? t by George Hagedorn The financial press keeps reminding us that the business expansion which began in early 1961 and still continues, is one of the longest on record. And so it is, and we have a right to be glad of it. We get a little more food for thought, however, if we observe that the expansion has been marked by three rather phases. For convenience we may dub them the recovery," "the lull and "the spurt. The recovery phase was completed by the end of 1961. During that year the, annual rate of gross national product rose by about $12.0 billion per well-defin- ed quarter. Pace Slackens Clearly, this was largely a rebound from the recession which had reached bottom in February, 1961. The pace was and - during unsustainable, 1962 and the first' half of 1963 the GNP was increasing by $6.5 billion, on the average, from one quarter to the next. The expansion had slowed down to approximately half its rate.in the recovery phase. For reasons which will become clear further on, this intermediate period 1962 and the first half of 1963 can be called the lull. After the middle of 1963 the economy again picked up speed. This third phase, the spurt, is still going on as far as anyone can tell. GNP has been increasing by $10 billion when the national output was jumping by over $6 billion each quarter a "lull. The phrase is appropriate in the sense that in many respects we seemed merely toTe running fast enough not to lose ground. Unemployment, for example, remained between 5.5 and 6.0 during those 18 months. It is only in the "spurt period that it has been reduced to 5.2. Business fixed investment showed no strong upward trend and did not break through the record level of 1957 until the fall of 1963. Corporate profits rose only slightly during 1962 and early 1963 and it is only in the more recent period that they have evidenced strong growth. The question all this leads up to is how long the present spurt can last, 'and what will come after it. The consensus of economic forecasts, as of this writing, suggests an increase in GNP during 1965 of about $7.5 billion a quarter, If this should be correct, we are in for another lull. That would probably mean no further progress in reducing the unemployment rate, or perhaps even some loss of ground. This column doesnt take economic forecasts all that seriously and in any case we V The following applications have been filed with the State Engineer to appropriate water in Kane County, State of Utah, throughout the entire year unless otherwise designated. All locations are in SLBAM. 36382 Greene A Weed Investments, 1815 W. Indian School Road, Phoenix, Ariz., .5 sec.-ft- . front an well, bet. 200 and 500 ft. deep at a point S. 680 ft. and W. 176 ft. from Mi Cor. Sec. 4, T43S, R1W. The -- water is to be used for the domestic requirements of 100 Sec. 33, families in T42S, R1W NEVi Sec. 5, NH, SE4 Sec. 4. T43S, R1W. United States of 36482 America, National Park Ser- Myrna Service who has been ,n Phoenix, Anzona receiving medical attention returned home 8-i- n. SSi vice. P. O. Box 723, Santa Fe., from New Mexico, .334 Sec.-f- t. 12-ia well, 2000 ft. deep at a point S. 11B04W. 10,162 ft. from NE Cor. Sec. 32. T37S, R11E. The water is to be used n. Kanab resident owner and Trading TWO for llio Prico of Oca . . . Yes you can get the Southern Utah and Southern Utah Mews each week, fJcvs-Advcrtis- cr 1965 develalready fore- for one full year, for only $4.00, in llano County and Frcdonia. FILL OUT AND HAIL TODAY r for the domestic requirements of eight residences, 2 maintenance buildings, 200 campsites,' 100 trailer spaces, motel, cafe, - grocery store, beach house, a marina to service an estimated 500,000 visitors per year at Bullfrog Basin Recreation site in Glen Canyon National recreation area. Protests resisting the granting of any of the foregoing applications with reasons therefor, must be filed in duplicate with the State Engineer, 442 State Capitol, Salt Lake City, Utah, 1 it Southern Utah Publishing Co. P. O. Box 90 Kanab, Utah I I I I on or before January 2, 1965. Wayne D. Criddle STATE ENGINEER Published in the Southern News, Kanab, Utah, from November 19, to December 3, ' 1964. . t U-t- Slrs: Please put me on your mailing list for and send .me the Southern Utah I Name I I . City oneyear at News-Advertis- Southern Utah News for the next year ah Alcoholics are sick people, the victims of a disease calling for medical, psychiatric and social help. And the disease, alcoholism. is progressive. C ast weeK she was accompan. ed b U1ian Russef former o dont believe that 60-un- i. icuSftwr opments are ordained, But the record does suggest that we will have to keep growing at approximately the rate of the past year and a half, if we are to make even slow progress in per quarter not as spectacu- reducing unemployment and lar as in the recovery phase, if we are to encourage a high as fast as dur- level of investment for future but half-agai- n ' growth. The problem is how ing the lull. to do this in a way that does Another Lull? not overheat 'the economy It may seem that It is loose and eventually burn out its use of words to call a period bearings. (111764) NOTICE TO WATER USERS f er $4.00 and |