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Show HELPER Th L1SS21S (Utah) JOURNAL AT10IALDI70RJAL Washington .News-Lett- SSOCIATION - NATIONAL er By ROBERT N. TAYLOR v Washington Correspondent THH Publlahed Burr Thuradar JOURNAL FUBUSHINO COMPAKT HELPKR. UTAH Bntarad PAGE Aa Siwond Claaa Poat Matter At Th TWO At Halpar, Ulab Offlo JUNE THURSDAY, their "normal" business. And. according to the author, their nefarious (business is also brisk in more than a hundred popular reAmerican ingenuity When thej sort areas including Miami, Las Postal System of the world's: Vegas and Hot Springs, Ark. most highly mechanized country Baseball Monthly's bookie conadmits that it 'is trying to keepj tributor admits that nations'' in while thegrudgingly up with foreign (Feds have cracked mechanization and "hopes to do down on much of the interstate j better in the near future". still gambling, local Instead of time and money thrive. He chargesoperations that: Making saving mechanization, the Post a baseball bet in key cities Office Department's answer t0( throughout the country is easy deficit seems to be and Ibaseball "pools" are everyits rate3 where. Smaller communities are higher and higher rates so high they could force many not immune. Anyone interested businesses to the wall. in wagering on a major league Newspapers, particularly small baseball game, even if he is dailies and weeklies, magazines hundreds of miles from the scene, and business mail users would may walk into an appointed confind profits near or at the van- tact point in any one of thouishing toint should the confis sands of American communities catory rate bill passed by the and ibe accomodated by his House (iHH 7827) become law. "friendly" bookie. Congressman Tom Steed of Ok But everyone should know lahoma recognized this fact when thtre is no such a as thing he elicited from Edward E. Har- Whether the friendly bookie. riman, Director, Office of Re- professional gambler is a big-tisearch and Engineering of the racketeer or a character Postal Department, the fact that around the corner whom you this country lagged behind other have known for 20 years, he is nations in postal mechanization. interested only in your money Rep. Steed recently told a large in his Docket. banquet of mail users in New The law can take this parasite York bow Great Britain. Belgium. out of circulation for a time, but Francs and Holland are "way only the suckers can break him ahead of us in the mechanization bv exposing him, and by field". iHe cited the Dutch in avoiding him like the plague he particular for their adaptation is. "of electronics to the highest ASKING FOR IT degree'' as a worthwhile goal for She us Postal System. Indifference of State officials The Congressman not onlv re to the slaughter of 38,000 a year on our highways is paving the cognizes the need for mechaniza tion, but knows what continua- way to licensing of drivers by tion of our costly manual operaand traffic en Washington tion can do to American busi- forcement by Federal police ness. As he has asserted, "the Arizona's (Paul Fannin has told a mail can Ibe mechanized. It is the conference of Western governors. answer to what we know is But Commerce Secretary Hodges ahead in the volume (ot mail. hinted at it 'way last winter. If that will flood this country." we want a Federal police force He is (right, too. but onlv if with national jurisdiction, all we mechanization is immediate. The have to do is nothing. volume he speaks about ban be If we don't, we'd better crank on the minus side if rates turn "'ir state traffic control ma upward, especially as drastically chinery and start weeding out a,, proposed by the House and unfit drivers. This can only be endorsed by the Post Office. done by hard-boile- d examination both Newspapers and magazines, for and periodic instance, the life blood of bus- physical and mental. And time is iness', communication with con- running out. sumers are important mail users. These media, along with business mail users, must be kept alive ana vigorous if the nation's economy is to continue to move upward, a- - the President appar fl ALL OUR FORESTS PROVIDE I SL MANY USES. PROTECT ently desires. Onerous postal rates wont keep them strotur. I THEM FROM FIRE! Mechanization and now is the answer, not the Postal Department's higher rate philosophy. NEW THREAT TO BASEBALL MECHANIZATION VS POSTAL HIKES 7, 1962 ed ' JJORE ABOUT THIS LAND OF OURS Whatever happened to the tried and true economic laws eupply and demand?. -- .A great many ''those laws recognize as THE AwnnrfntinTi -- jhed in people this fair liAJNID. nt .Mnnfaitiimrs Stand, to-wi- country of ours would like to to solving the problems of what we all To that end, one organization, the National tee ! f is xnnwtvanaiintf attention fnr lt oub- - t: '"The nation's agricultural problems can'best ibe solved through the' operation ot the free markjet and not through (Federal controls aod subsidies." The NAM is sot seeking to win the top popularity award on how to Win xnenas ana influence fanners. But is is urging me government to spend more time advising the fanner on how to gain a de- - cent livelihood within the framework of free enterprise rather than have Uncle Sam try to guarantee him income through control and ibsiidies. Smokey Says: A V The various steps advocated by the (NAM on how to keep 'em Ivappy down on the farm iwithout subsidies is now on the desks of Agriculture Secretary Orville Freeman and memlbers of the AgriIn the wake of the basketball culture Committees of the Senate and House. betting scandals, comes a report of racketeers profitably at work on our highly respected National We trust this statement gets a repeat reading: "The effort to erect an economic umbrella over all users of pastime and favorite spectator baseball! sport 'rural land to protect them from economic forces is no more justifiOne of these gamblers has had able than a law to protect all users of urban land from economic the temerity to write a candid report in (Baseball Monthly magu forces. zine in which he openly states The most efficient use of our resources can come about thru that despite an alleged "rigid" competition and the operation of the economic laws of supply and clampdown on gambling by federal and local authorities, he and tjemand. his companions (in the trade) may still be found in" and around every ibaseball park going about CHUCK'S RESCfTIOI i PHARMACY TO WHAT'S HE DOING THERE? mail. I many earefml! yean he Phone Netoe Items To Journal IJH y- (a jaywaajajayaaijli i ii By Ralph Robey ai ii THE BREAK IN THE STOCK MARKET It was inevitable that in time we would have a decline of prices on the N:w York Stock Exchange. But what has happened is more than had been expected, at least by most persons. - As measured by the Dow-Jonindustrial average the high of the market was last December 13, at just under 735. Following that, the market just jiggled around and on March IS it was 724. The average is now more than 100 points below its high, and there is no assurarce that the liquidation is over, although we should have a rally before the market falls much more. The two great questions are, why has the market had such a break and what is its significance? Among the factors causing the decline the following are important: than the stock market ever foreThe market was extraordin casts. arily high. Yields on common The basis for saying that we stocks were well below those on shall rally is that this is what top grade bonds, and when one must happen after, a market can get more from a ' United break. Usually the rally is about States Bond than from the shares one-haof the previous decline. of an industrial company he has Then comes another drop and fair warning that a correction testing of the previous low. If can not be too far away. In re- this low is not broken, it is usual lation to earnings, too. Stock to have a rise of some duration. prices were far above historical How does one know When a standards, and that does not indicate a sound, or lasting, mar- low has been established and we are ready for a rise? This is ket average. The business recovery is pro- normally determined by what is This ceeding at a much slower pace called a selling climax. than had been forecast, and pro- means sufficient volume of trad fits continue to be squeezed. ing to make the stock ticker fall Many persons, in fact, are con- behind floor transactions, and vinced that we either already buying coming into the market have reached the peak of ag- to start prices on the uptrend gregate corporate profits or his during the lateness of the ticker. But it must be emphasized that recovery, or are on the verge of the peak. This obviously is not conducive to higher and higher stock prices. There is a widespread belief es j ' lf that the present Administration This feeling, of is course, was aggravated by the manner in which the President handled the attempt to increase steel prices. Whether there is adequate justification for such a characterization of the Administration is largely beside the point in so far as the behavior of the stock market is concerned. The mere existence of this feeling creates a disinclination to hold common stocks, and in many instances a refusal to add BAKEKETTS C3LUB it The Bakeretts H club at leader Marilyn Gardner's thla week and made plain muffins. We played games afterward. A guest was Vieki Simmons. 4-- this simple rule ' of thumb frequently does not work. We had a major selling climax a few days ago, and the rally lasted only two days. None the less, before long a low will be established which holds, and the market will give us an appreciable riae. No one can tell when this will happen. In the meantime it is imperative that stocks be purchased only after a most thorough analysis, and because one is convinced that they are really worth the price paid. - P"' :,' ? --- v r . i BREWED WITH anti-busine- PURE ROCKY MOUNTAIN SPRING WATER. to one's portfolio. As to the significance of the the big question is whether this is forecasting an end of the recovery and another recession. In the judgement of many students there is no better indicator of future business de velopments than stock prices. We are not of that opinion. Sometimes the market is correct; sometimes it is wrong. We believe that in the present instance the decline can be fully accounted for by other factors. In, other words, we still think that the recovery has many more months months to go RO) I OUMbuted bv HELPER MERCANTILE. iiarial CO., Hin.'ralaM Helper, Ufa Your Hometown Newspaper Charles Ghirardelli,, Owner water's for Phone wading, not washing Helper 472-58- 61 RECOGNIZING THE ACHIEVEMENTS OF PEOPLE YOU KNOW Money for the We make prompt private cash loans for any worthwhile from auto repairs to paying off your old bills. And reed your one new monthly payment can be as much as 50 less than you're $25 now TO paying. $2000 &&l Issue by issue, your local newspaper unfolds the history of your community in stories describing important or interesting events as they happen to your friends, your family, and other members of your community. A source of interest and pride when they appear in the news, these stories bring personal accomplishments and events to the attention of the entire community. Saved in family scrapbooks, they become treasured possessions to enjoy through the years. As time goes on, we gain more and more pleasure in reading the news of the families of our community as events take their place in the history of our town. TtdT t . v. ENJOY YOUR HOMETOWN NEWSPAPER- IT'S- THE STORY Of YOUR COMMUNITY! - CITY FINANCE CORPORATION ft team Mow $600 moit by Cfty Financ B. Slain St BStuord Co. Price - OUTLOOK decline, Growing time jiiliil..i.illianHi.lJljajjH.Mll.il Utat H03SSaATv 14 Wilt IIOAOWAY lAlt 1AKI CITY, UTAH |