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Show Vr1 AMI21ICAN FORK CITIZEN, Thursday July 2, 19M INDEPENDENCE DAY NATCONAtL OOTlOOCi Business ExpansionTwo Episodes By Oxoiujs HAdzDour ' We are now wall Into the third year of a sustained eco-. eco-. nomic upswing, ft Is Instructive to compare and contrast this period with the . business rise during the years 1954 through 1957.' ,? v' The 1954-57 boom was quite spectacular while It lasted, but It was followed by a series of disappointing years. The recession of 1958 was neither deep nor prolonged, but the recovery , which followed was incomplete. The rise in 1959 and I960 was cut off In the middle of the latter year, before the economy had reached .Us full potential. A brief mild . downturn followed ending In the early part of 1991, which formed the starting point for the period of rising business which la atiU going on. , " One Important difference between the two periods of expansion ex-pansion has been the behavior of prices. An upward creep m pi ics - oaa. oven evuwni- m-now- per was. out uus gr&uu auy accelerated as the 1954-57 rise continued, and In Its last stages, the general price level was rising at the rate ( of about one per cent per quarter-year. There, has as yet been' no clear Indication of such an acceleration during the current upswing. Another difference Is found In the trend of total corporate corpor-ate profits. Profits rose steeply during the Initial recovery period 'after the recession of 1954. They reached apeak In the fourth quarter of 1955 and showed a gradual drop thereafter. there-after. Thus, the downturn in profits began almost two years before the downturn in economic activity generally. Evl-' Evl-' dently, although prices were rising during this period, costs must have been rising even faster. By contrast, profits have continued to Increase throughout the period since early 1961. There are other differences between the two expansionary - periods: The years 1955-1957 were a period of large capital - expendituresmuch more so, relative to the over-all rate of economic activity, than the years 1961-1963. However, capital outlays are now Increasing rapidly and are expected to be one of the main supports for continued expansion in 1964. f ', . . Curing the 1954-57 period, residential building reached a peak In the earlier stages of the rise. After 1955 there was a gradual decline In spending for new housing, while business busi-ness was still rising. But in the more recent period, expenditures ex-penditures on residential construction continued to rise throughout. Prevailing opinion, however, is that not much ' further rise in this form of activity is to be expected. ftV..di At.. 1.. L 11. J L.. ...1.1 V 1 J... J end of ; 1957, and to the disappointing years which followed, was a rapid Increase in costs and prices, a deterioration of profits and a high but (as it turned out) unsustainable rate of capital formation. There are as yet no unequivocal signs of similar developments develop-ments setting the stage for an end to the current expansion. But if labor costs begin to rise steeply, and eat Into profit margins, the picture may come to resemble the terminal stages of the 1954-57 boom. .. r r J r : r .. 0 tN'G CLASSIC STORY BECOMES FILM The Coral Theatre has a treat for the kiddles. It Is in the form of a wonderful new motion picture in glorious Eastman Color and Scope, "Little Red Riding Hood.. This is the fairy tale classic by the brothers Grimm. It will play at the Coral Theatre on Wednesday and Thursday, July 8 and 9, for matinees only. The picture makes you a part of the wonder and splendor of a Fairy Tale Kingdom. It is certainly wonderful fare for the kiddles. . When we speak of 'kiddies' in relation to "Little Red Riding Hood,' It can mean people of all ages. A film of this type can take us all back to childhood, recapturing all of Its wonders, splendor and beauty. K. Gordon Murray, the producer of "Little Red Riding Hood,' has arranged with the theatre playing the picture to admit everyone at children's admission prices.'" r The picture has alio! the classic lines of the fairy tale classic lines of the fairy tale as we knew It and the Wolf has a new pal In the Love-Struck Skunk. The picture has four new happy songs that you will leave the theatre humming and singing. BY: GLADYS SMITH , ' How often we've heard the words "crowning "crown-ing glory" applied to a woman's hair, but how -many women are letting themselves be truly glorious? , Really well done hair can glorify . the plainest face, show it to the best possible . ' advantage. The proper coiffure will give bal- ', ance to the face and head, and to the hairline as well. Tour hair is an essential part of the .picture that your whole, head conveys to the ' beholder, and your hand U that part of you , which mirrori your character . . . . the real," ' complete you: , Lovely, integrating coiffures, i which add to the totality of your loveliness, are available to every , woman. , She may do her own styling, but she should Insure her success by consulting professionally trained -, beauticians..., , ' , , The "LOOK OF YOUR HAIR" measures your attractiveness . ; . have assurance in your appearance appear-ance by visiting GLADYS' BEAUTY SALON where you will find plenty of FREE PARKING) and service 6-DAY3 a week in our AIR-CONDITIONED SALON .... phone 759-3108 and come to GLADYS' BEAUTY SALON, itS EAST MAIN ST. . , "Hone Dare Call It Treason" to be Reviewed Here By Leo Smith July 16 A review of the book "None Dare Call It Treason will be given by Leo C. Smith on July 16 at 8:00 p.m. In the City Hall. Mr. Smith graduatedfrom the University of Utah as a chemical engineer and has spent County Residents Purchase $56,365 In Savings Bonds Mr. Sterling E. Price, County Coun-ty Bonds Chairman, has received re-ceived word that Utahns purchased pur-chased $1,741,630 In SeriesE and H Savings Bonds during May. According to the report from Frederick P. Champ, Logan Lo-gan banker and State Chairman of the Savings Bonds Committee, purchases by Utah County residents resi-dents were $56,265, bringing the five-month total to $396, 752. "State-wide purchases of Series Ser-ies E Bonds for the January-May January-May period reached a total of $8,687,916, a gain of 3.5 per cent over the same period of 1963, Mr. Champ noted. Clem S. Schramm, State Savings Sav-ings Bonds Director, called the attention of individuals and organizations or-ganizations to the fact that "all outstanding Series E and Series Ser-ies H Bonds are. now and will continue to draw Interest throughout the extensions of maturity granted on them. However, How-ever, there has been no extension exten-sion granted on the old Series F and G Bonds, and these should be exchanged for the current E or H Bonds. two years In the Army Chemical Chemi-cal Corp. The book was written by John Stormer, chairman of the Missouri Federation of Young Republicans who is a member of the Republican State Committee Com-mittee of Missouri. None Dare Call It Treason" is a careful compilation of facts from hundreds of congressional investigations of communism. It disects the failures of the Eisenhower administration Just as effectively as It details the blunders of Roosevelt, Truman, Kennedy and Johnson, ft documents docu-ments the decay In America's schools, churches and press which is conditioning the American Am-erican people to accept 20 years of retreat in the face of communism. Y ' WEAK MUFFLER? Be a silent operator and like it. We'll install a famous name muffler in a matter of minutes, insuring yotjfof safer, noise-and fume-free driving. Do it todayl Kay Walker Texaco Service 309 E. State RonH 756-4851 Si I. m A T T 1 MM (ft mm A STORY TO DELIGHT THE VERY YOUNG... THE VERY OLD... AND EVERYONE IN-BETWEEN! K. GORDON MURRAY Presents llrtlfZ -T ri COLORSCOPE I AA II I fry; uv . r ' t I f o iff 'J K " J I w-Nr L s y .v -i - urn : . fcvi: -air Jit - i, a I, i - - ! s ii PLAYING AT 3 THEATERS Wednesday & Thursday, July 8 & 9 MATINEE ONLY 10 a.m. and 3 p.m. CORAL --AMERICAN FORK ; GROVE PLEASANT GROVE ; . ROYAL LEHI Utah to be Featured in TV Series, Sunset Magazine Plans S. L Coyer A color-camera crew from Hollywood Is touring Utah filming film-ing scenes for use In a new television series titled America," Am-erica," Utah Tourist and Publicity Pub-licity Council Director D. James Cannon reported this week. Simultaneously, a photographer-reporter team representing repre-senting 'Sunset magazine has been shooting a cover story dealing with Salt Lake City for the big West Coast publication. The television unit, headedby director George Flpurnoy with Pierre d'Houste as cameraman-is cameraman-is .spending more than two weeks In the state, and is expected to film scenic and historic areas la virtually every county. In mapping their trip, we've tried to make certain the national television audience will see a wide - representation of Utah, ' Mr. Cannon said. Scenes filmed In Salt Lake City area have included in-cluded Temple Square, Thls Is the Place monument, the Great Salt Lake and Pioneer Village. Bryce and Zlon National Na-tional Parks, Timpanogas, Dinosaur Din-osaur and Arches National Monuments, Mon-uments, Lake Powell, 'Monument 'Monu-ment Valley and Flaming Gorge are all on the television crew's Itinerary. The completed half-hour full color program will be one In the new 'America" series aired by Jack Douglas Productions, which has previously made such television series as 'Bold Journey" Jour-ney" and 'I Search for Adventure." Adven-ture." a will be seen In Utah on KSL-TV. The Utah Tourist and Publicity Pub-licity Council was also instrumental instru-mental In bringing a 'Sunset magazine crew, headed by writer. writ-er. Steve Browning to Salt Lake for the projected cover feature. The-article, -with a full-eolor and several pages of black and white Illustrations plus maps, will appear In early 1965. 'The television program, FOUNDATION OFFERS NURSE SCHOLARSHIPS u The Ruth Eleaner Bamberger, Bam-berger, John Ernest Bamberger Bamber-ger Foundation will again-offer nurse scholarships In the Fall of 1964. Since the Foundation was established es-tablished in 1947 by the late Ernest Bamberger, prominent Utah philanthropist, It has been offering nurse scholarships and by this Spring it has helped 442 young women (and two men) obtain nursing degrees. Mr. William -H. Olwell, director, di-rector, suggests that girls who are Interested and who can qualify on a basis of need, should contact the hospital .or nursing school of their choice and Inquire about this help. viewed on over 160 stations, and the 'Sunset' cover story, In a magazine of 750,000 circulation, circu-lation, will place the Utah story before a very large number of jJUlfJiuiai wuiiow. iius.vi'ir sents publicity of the sort Utah cannot afford to buy through paid advertising space," Mr. Cannon pointed out. 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