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Show THE AMERICAN FORK CITIZEN, Thursday, September, 6, 1962 (She American ' Jtarkfflttlze Published Every Thursday at American Fork, Utah V ' by the ALPINE PUBLISHING CO. Entered as Second Class Matter, at the Postoffice at American Fork, Utah, under the act of March 3, 1879. LTA3 SIATrS ASSOCIAIIOM SpU NATIONAL V EDITORIAL asc0iti(3)n Subscription Rate $3.50 Per Year BY RALPH BOUT Shifting Views on Business Prospects Business forecasters are, of necessity, a curious lot" Perhaps Per-haps the major reason for this is that there is no certain method for assuring that one's conclusions will be correct. Another reason is that, while this nation has more and better statistics than any other country, it still is impossible to be certain of the measurements, and revisions constantly have to be made both in the methods and in past results. , Usually these revisions are minor, but even so they, are of sufficient significance for forecasters to find it necessary to change, or shade, their predictions. , This year has been marked by a rather unusual amount nf such shifting of opinions. At the start of 1962 the general forecast was that we would have a good business year. There were differences of opinion as to just, how far the recovery would go, but practically no one saw the possibility of the start of another recession before the end of the year. Then, some weeks ago, there began to be a fairly widespread wide-spread view that we were on the verge of a recession, "and some forecasters thought we probably already had started the downturn. Now there is an increasing opinion that the economy has many more months of rise ahead of it, and recession re-cession will not occur until sometime in 1963. What is of most concern at present is the swing to more optimism for the remainder of this year. Each forecaster has his own reasons, but probably the most important factor has been the upturn of the majority of so-called "leading indicators." This is a group of business measurements which over the years has shown a habit of moving ahead of the general economic trend. Determination of which particular series should be so classified was made by years of study and analysis by the National Bureau of Economic Research, and . this organization also established some indexes as normally being concomitant and some as laggard with the business trend. All of these series are now published by the U. S. Department of Commerce. In June only eight of these leading indicators pointed upward; in July there were 17, on the upside. That is a major improvement, but it must be remembered that this is not an infallable predictor of the business trend. There also are some other favorable factors. ' Among these are: steel production has shown a slight improvement; both employment and unemployment are a little better; automobile auto-mobile sales are holding up well; industrial output as a whole is a shade better; personal income has made another new high; the stock market has staged a good rally; credit remains plentiful; and so forth. But there are still plenty of unfavorable elements. Here are some of them: - : - - Incoming orders to business corporations are less than current production, which means a declining backlog. : Investment in plant and equipment is rising, but it has no zip and the total for the year is-not going to be too im pressive. v ,' , ; ' ' .-. ' ' ,t:, - Housing startshave shown no improvement for two months, and are now well below the level of last Mav. While credit is plentiful, the Federal Reserve authorities dare not force short-term interest rates lower because of the danger of a gold outflow. The legislative situation in Washington remains badly marled, and there is little chance of appreciable improvement Profits are continuing to be squeezed. In our judgment these unfavorable factors are just as important as the favorable ones. a. mmm m m mm 4 I yttV I MB f- V A 1 1 II l J I I I I M 0LV U W V ! HEUS Back-Log From Citizen News Columns 10 YEARS AGO Already enrolled in school and delighted with England, as much as she has seen Is the report re-port made to Mr. and Mrs. C. R. Stubbles of their 10-year-old daughter, Marlehna, who has taken het place In the home and hearts of the Eric Parker family in Yorkshire England. The year's stay in England began with correspondence with Denise, 12-year old daughter of the ParktVs, in a pen-pal friendship. friend-ship. ' PFC Robert Noyes is now sta tioned at Fort Bragg, N. C, according ac-cording to word received this week by his parents, Dr. and Mrs. K. E. Noyes. He recently graduated from paratrooplng school at Ft. Bennlng, Ga. Cpl. Ltfroy Mills, who has been :AVjc-A;-f i. " .... ivN ! : : p- 'Vr"? - - . . K - - i f ' s . - " f... - . o . - . I L ." Sm, " 'imtt''"- H '- 1 f. . ; - . wV.r--.-..---2r.. ' I f " : . if- " .- IT I I... ,,-..-. , '. " Remember? Utah's first snowstorm last fall came early. It caught many people totally unprepared for winter weather. If history, repeats itself, scenes like the above will soon be with us again. n no nnr? Now is the time for cT ft ts our suggestion that you. have your furnace dealer, plumber or heating contractor check these terns: PILOT LIGHT See that it is turned on NOW! . , FLUES. See that flues and chimneys are clear, clean and tight. .. FILTERS Replace or clean filters, oil the motors and blowers, check , blower belts.' - ' AUTOMATIC See that burners, thermostats, safety pilots and safety limit CONTROLS controls are properly adjusted. (. MOUNTAIN FD El SUPPLY CO. Serving 175,000 cuitimerin 90 Utn ind vVjomlng . commonilio with Natural Gas H.e perfect lud for healing, nr cotiaitionuig. cooking, wntgr ' healing, cloih ilrying. garbage . , 1 inrinf ration, retricenilion. MOM m MMMT NOW vacmai Ti.a F t.ficJ Mama Healing Fuel oh the battle line In Korea for the past ten' months, returned home Friday. He will now be given an assignment in the United Un-ited States. Aftet a remodeling Job' lasting last-ing three months, Thornton Drug Store is equal to any drug store in Utah County in beauty beau-ty and convenience to its customers. cus-tomers. The almost doubled floor space makes possible ah attractive display of merchandise merchan-dise which was not possible before. be-fore. An innovation is the new coffee cof-fee shop and lunch counter with stools for 12 people Stainless steel Is used for the food preparation prep-aration tables and backdrop. i 20 YEARS AGO Arnold Conder met ' with an accident Monday in American Fork Canyon while hauling wood. Mn Conder and son, Boyd, 10, were coming down the road in Tibbie Hollow when the horses became frightened. Mr. Conder held on to the reins and was pulled off the load. At the.hopsital, It was ound. that he suffered a broken leg, a severe se-vere gash across the back of his head and numerous other cuts and bruises. . ' Miss Beth Shoell, daughter of Mr. and Mrs. Leonard Shoell of American Fork, and Harry Manning, Man-ning, son of Mr. and Mrs. George G. Manning of Lehl were married August 26, at the home of the bride's parents, Mr; and Mrs. John Hunter, by President Jesse M. Walker. A reception followed fol-lowed in the 3rd Ward Recreation Recrea-tion Hall. SENIOR CITIZENS Name Roy Hampshire Elmer Chipman Afton Giles Basil Dorton George Price Earl Smith Gerald Taylor Jim Peters Cliff Austin John Price W 8 6 5 4 4 3 3 1 0 Mr. and Mrs. Morley Zabriskie announce the approaching marriage mar-riage of their daughter, LaVee, to Irvin Jensen, son of Mrs. Fern Johnson of Lehl. The marriage will take place Saturday, Sep-temper Sep-temper 5. . ' . 30 YEARS AGO The American Fork Schools commenced Tuesday with a higher enrollment in the past few years. There were 656 enrolled en-rolled In the elementary grades, 32 in the Junior -High School and Principal Walker in commenting com-menting on the registration In the Senior High School said he noted more new faces, than in seven or light years past. Melissa Greenwood left Wednesday Wed-nesday morning for Salt Lake ity to begin three years training as a nurse in the LtS Hospital, Fefn Greenwood also went to Salt Lake to attend South High School. Mesdames Leah Greene and Mate Earl of this city, Ina C. Brown, provo, and Rebecca C. Morris of Pocatello, Idaho., motored mo-tored to Ogden and spent the day with Mrs. Hazel A. Robinson. Robin-son. They had a very enjoyable time together, sort of a reunion of the old crowd. BARRATT BUILDERS SUPPLY 35 North Barratt Ave. American Fork, Utah ' SK 6-3551 Qotltlf , PLYWOOD CCLf3 Tftt HAKDBOARD ELC.VCC3 vB3JLMR880O' CCC3 W 8 8 5 4 4 3 3 3 2 0 LADIES TRIO Team Les Girls Pep ' MD.'s Near Misses Pin Pals Pin Mrs. Try Outs Hi Lows , ' Alley Oops No.. 6 HTS: MD.'s 1433; Near Miss es 1359; Pin Mrs. 139; Les Girls 1334. HTG: MI.s 512; Pin Mrs. 490; Near Misses 464. HIS: Shirley McNaughton 524; Phyllis Taylor 498; Martha Drlggs 490. HID: Shirley Mc Naughton 222; Phyllis Taylor 191; Leone Clark 187. . MARINERS -HTS: Hoelscher-Trimble 1799: HTG: Hoelscher-Trimble 623. HIS: Men: Jay Larsen 489: Women: Louise Trimble 454. HIG: Men: Jay Larsen 193: Women: Louise Trimble 176. CLASSIC Team Lehl Drive In Lee's Barber 'Shop Holley AutO Spafford Dairy El Dorado Coffee Durfey's Cleaners Polar King Ron's Plumbing Smith Market HTS: El Dorado Coffee 2853: Spafford Dairy 2526; Lehi Drive In 2555. HTG: El Dorado Cof fee 1O04; Spafford Dairy 899: Lehi Drive In 884. HIS: Jerry Robinson 618:" Ho ward Bean 614; Max Smith 590. HIG: Jerry Robinson 246; Howard Bean 223; Max Smith 223. TUMP LADIES Av. Team 148 Superior Record HOGeo's Service-134Larsen's Service-134Larsen's A. G. 127 Devey's 126 Jensen Trucking 126 Reams 121 Carlton Plumbing f 120 Stelner Const. 109 Swenson Service 103 Miller Const HTS: Superior Record 2166; ; Jensen Trucking 2086;" Deveys 2068. HTG: Superior Record 782; J Jensen Trucking 761; Geo's Service Ser-vice 718. - HIS: June Stein 493; . Shirley Austin 466; Elly Williamson 464. I Clartne Jensen 190; June Stein 188. ' TRI CITY vv Team Tlmp Motor Chris tensens Mary"s Beauty Salon Reads Jewelry Shirt's Beauty Salon No. 1 ''. Smith Bros. Mkt. , No. 5 . HTS: Mary's Beautv W L 8 0 8 K 0 7 1 6 2 4 4 4 4 2 '6 1 7 0 8 W L 8 0 7 1 7 , 1 5 3 2 , 6 2 6 1 7 "0 8 Salon 2100; Tfanp Motor 2062; Chris-tensens Chris-tensens '2048. HTG: Mary's Beauty 745; Timp Motor 726; Chrlsttmsens 719. HIS: Donna Stewart 463; OU-vene OU-vene Miller 459; Shlrl Young 448 HIG: Ollvene Miller 179 Edna Ed-na Shipley 178; Gayle Jorgenson 176. QUA. LADIES Team Maintenance Quality Control Open Hearth Rolling Mills C.WJS. Machine Shop Dt's. Eng. No. 3 HTS: Maintenance Quality Control 1602; Hearth 1550. HTG: Maintenance 645; Open' Hearth 556;- Quality Control 553. HIS: Beth Frampton 473; Gayle Jorgensen 464; Emma Stetoer 439. HIG: Iia Adams 174; Betty Manley 169; Beth Frampton 166; Delia Smith 166. W 8 8 5 4 4 3 0 0 L 0 0 3 4 4 5 8 8 1690; Open HE'S GOT YOUR NUMBER (or hat fcf) , If the telephone you use is listed under another's name, x chances are you've been missing miss-ing some important calls. The remedy is si mple. Get your ' , own name in the new directory by ordering a personalized listing. The low cost-only 50 cents a month-includes your name, address, and the number num-ber of the phone you use. For quick action, just call our business office. ' HURRY Th0 new telephone directory goee to pteet toon. For information including costs, deadlines, and mechanical mechan-ical requirements for Yellow Pages advertising-call our business office. MOUNTAIN STATU TMPHQMI BM DRIVE-IN ' ' ' . " 1 This happy family looked ahead, planned ahead and saved ahead , for a glorious vocttion trip. And now they're off without a financial financ-ial worry in the world! is the new. hiaher interest rate on savinas here. A It makes your money grow faster! Start saving now for next year's vacation. Use our convenient service. nisi m a w I L in n Ti1 Is your "old faithful" car beginning to show (and act) its age (and miles)? Time for a change to ' a spanking new model? Don't let" lack of ready cash delay the long-overdue long-overdue change-over! You can get the cash you need promptly on an auto loan from us. And your own comparisons will prove that financing a car costs LESS at our low bank rates r Terms will be arranged to suit your convenience. O SAVINGS ACCTS. O CHECKING ACCTS. O PERSONAL LOANS O HOME LOANS; " P BUSINESS LOANS AUTO LOANS O FARM LOANS Peoples State Bank OF AMERICAN FORK Member of Federal Deposit Insurance Corporation All deposits Insured to $10,003 ' ' - ' ' ... . , , . For friendly help with all your banking needs, you can depend on" us |