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Show I in Trade Balance And Calmer Cities Seen For 1968 ED. NOTE: The following la the second and final installment of the annual Babson 41. Another group t h a tl sues that they may have could reach long-terbuying levels next year is banks. Al inougn tneir profits are up now, they have not been pop ular. The reason: Every of money squeeze 31. The trend in recent period raises doubts as to the degree years has been toward a of "wringing out" that bond dwindling margin of U. S. ex- portfolios and loans will have ports over imports. This has to take when money passes its come at a bad time for our crisis. That time may come 1968. chronic condition of imbal- during 42. High money rates have ance in our international payments position. Devaluation raised havoc with the prices of many of the large finance of the pound and other curcompany stocks listed on the to rencies has hurt our ability N. Y. Stock Exchange. Some expand exports at a crucial of these have broad holdings moment for our balance of in other lines; yet they are payments. Greatest hope for to their "cellar" us in 1968 is that European selling close When lows. money rates nations that have been in a over next and crest froth up business slump will enjoy rewe predict a good as year covery . . . making a better opportunity will market for our products there. investment be presented in this group. We forecast that our govern41 It seems almost a forement will discuss, and gone certainty that auto prosub export implement, sidies during the year ahead, j duction will soar . . . when k plants final 32. Current talk of the pos- the to work. For a back get ly "hotter" even an of sibility develsummer ahead in our racially .vhiie then there might in wave a op speculative Unbalanced big cities should But we predict be discounted. Preparations these issues. it would be unwise to chasi already made and in the mak- after auto stocks on any great the reduce should dang ing early-yestrength. They are of the lirestorms suffered in 1967. We feel that real ad- cyclical in nature, and may vances have been made experience some rough going the uocoming battle through the ballot box in maj- .luring inflation. We think Anagainst elections. or mayoralty better mere are opportunities risother hopeful sign is the situated aggresin ing trend toward responsibil- sivestrongly outlets. merchandising on ity for bettering conditions to 44. Despite pressures the part of businessmen and the private sector. We are cut back on spending next willing to stick our neks out year, there will be a renewed of the and predict that the summer flare-u- p scare. Look for addiof 19G3 will not be as "hot" tional appropriations to build as was 1967's. 33. However, we are not a imcktr shield than the thin one proposed by Mr. McNa-maroptimistic on the course crime This flap will be acis pursuing. Recent reports by a renewed buy will companied indicate that Americans be in even greater danger of ing wave in stocks associated or with the program. being murdered, maimed, 1957 43. When discussions of inrobbed in 1968 than in of out flation one 44). get into high gear in (a frightening from 1968, attention will again ba 34. Money pressures lessened availability and high- focused on ways to "protect" er cost point to lowered li- against it. You will be told quidity next year . . . with to buy stocks as a hedge. then that an attendant increase in bank- But remember col- stocks go up because their difficult more ruptcies, lections, and rising foreclo- earnings climb, not because sures. they are a "hedge against inWe predict that 35. We anticipate a year of flation." rapidly shifting attitudes to- many will find to their sorrow ward the slock market and that stocks hastily bought as toward groups of stocks and inflation "protection" had no such mystical value. individual issues. Early-ye46. There will also be a upsweep in business and selectively higher profits combin- great buzzing in the coming ed with a liberal supply of months about gold stocks as money following the Fed's a way to make money out of a dollar jump in the price of huge outpourings in 1967 should pave the way for fur- the precious metal The dether progress by the popular valuation of the pound caused stock averages. Later, as a big rush into gold stocks. the battle against inflation Since 'the dollar will not be intensifies, the stock market devalued in 1968, we warn may become subject to a pain- recent purchasers of such is-m per-ha- strike-struc- ar a. ar reassessment. A year ago we predicted that in 1967 the "old aris- ful 36. tocracy of the blue chips based o:i jiast performance" would "be replaced by a new manaristocracy of super-ablbased upon hopes of agement e Icy Reads Set Bkzsic Several accidents were re- - performance." nnrtrd flnrins thp wppk hv! good fut:i;-Now it looks as if many of thr Franklin nmintv sheriff's! the issues representing con- office including one' involving forward cerns with su;,er-abl- e have the Preston City Police car. looking managsments Sheriff Marriot of just plain become overvaluede Caribou Ralph that We county reported in the market place. it will be unwise in 1963 slick roads was the cause of an accident six miles west of to chase alter such. Bancroft of the Friday. David W. 37. As a consequence E loss- - es for a long time; although they may be right on some distant day, not next year. 47. We predict that a number of huge international con cerns with shares traded in the U. S. and not subject to the those that do a big business with the "hard money" nations of the European Common Market may do better than gold stocks during the year now opening. 48. War issues so - called defense stocks may not do so well in 1968 as equities of those concerns that will benefit from an end to the war buildup. Do not get "locked into" war stocks . . . simply because they boast high cur rent profits and order back- CACHE VALLEY . interest-equalizatio- logs. 49. Building issues are excellent examples of peace stocks. They look a little high now following 1967's recovery in home building; however, we predict that when the money pressure gels intoler able sometime next year there may develop another op--. portumty to get into Duuaing equities with an eye to future substantial gain after the Viet phase-ou- to hedge against coming labor business could stoppages soar during some of the early months next year. Gross National Product and the Fed Index of Production will blh advance smartly. Sooner or later, however, the government will have to beat back the onrushing inflation. We do not believe that the American people will stand by and see their great country scuttled. And when the money managers stem the money flood and the Administration and Congress shrink the budget deficit the upthrust of business and profits will be curbed. This may not be so pleasant for a while. It could be downright unpleasant. But it will surely hold far greater promise for a longer and sunnier tomorrow. squeeze, (only) bonds of long maturity both taxable and nontaxable should proine vide excellent for vestment opportunities those seeking income during the first 38. If we are correct in the we above assumption cannot be far wrong in predicting that the better electric alutility common stocks may so prove to be outstanding purchases for long term growth. 39. Among the "old aristocracy of the blue chips" there are a number of industrial areas that have been p pounded down in price to subpoint where real solid stance is clearly visible. One such group is the chemicals. e major companThe ies here ones that enjoyed a great bull market in the 1950's may be in a buying range during 1968. Still not among today s 40 high-qualit- money y long-rang- half-yea- r. ... old-lin- much-sought-aft- er ... "perform- the big multipance" stocks concerns Insurance le-risk represent another typecould equity investment that well afford high opportunity over an extended period of time to those who have the courage and foresight to pick few them up when they have friends. And they may have more "glamor" than many think . . . as thev are showing ji.fainning trend toward "conglomerating." j . Ritchie, 22, North Bend, Ore., was traveling east on Highway 30 and hit a slick spot on a curve and rolled his car over. Damage was estimated at $1,500. Ritchie was uninjured. On Dec. 27, a car driven by James B. Fonnesbeck, 16, of Weston, collided with a car driven by Linda Palmer, 24, of Preston at 11:59 p.m. on the Preston-Dayto- n road. Extreme icy roads were listed as the cause. City police investigated and found that it was outside the city limits, so reported it to When the sheriff's office. the sheriff arrived, a car driven by Edward Davis, 49, Preston, skidded into the police car. TVre was S525 damage in the first accident and $390 in tne second. On Dec. 28, a car driven by Wade E. Porter, 16, of Preston collided with a car parked to the side of the road. Porter was cited for failure to use due care. About $1200 damage was collireported in a head-o- n sion of cars driven by DeMar W. Merrill, 39, of Preston, and Gene Austin, 27, of Preston. The cars were driving in ruts through a snow drift in the Weston Canyon road and were unable to avoid a collision. Icy roads were blamed for an accident between cars be-C Continued on page 4) 14321 THURSDAY, JAN. 4, 1968 Saturday Postal patrons in Lewiston area will have to shell out more for their postal service after Saturday night. According to Alva Bom an, Lewiston Postmaster, almost all classes of mail will take 1 of 5 ico. CACHE MAYORS ASSOCIATION New members the Cache County Mayors association include Verl Buxton, vice president; Merlend Hansen, president; arad Earl Kerby, secretary. (Back row) Rulon Ladle, Stanley Jones end Ferris Chambers, directors. The Citizen Photo Cornish Man i - RICHMOND Mayors Post and It. J. Spackman during the first Richmond city council meeting in 1963. The Citizen Photo lewiston Next Week Governor Accepts Airmail articles over 7 oun ces and first class mail over Verl Buxton, mayor of Cor-13 ounces will be merged into to Two Richmond community eludes the be a new category, given deat fw.a "edpv,ce. pre al operation of the ly May leaders were sworn the fastest available means of or s in as llra.'rp lihrarv nnt ntfn Association during the.' members of the Richmond and the transportation, usually by air. rnnc-n- olnnfinn mratinn bjildincs hnusini? thp nf tSn ux City Council at the first meet nre "5 Ui Third class mail, small un- equipment. of the New Year Tuesday sealed items under 16 ounces,! Other business included in M MBijDi , , ing will evening. cards, -Vh including greeting the meeting was the discusm Lewiston wili swear in offi- sion of additional be 6 cents for the first 2 Hansen, mayor of Nibley, city personounces, and 2 cents for each nel which would include more O'her officers include Earl cials next week. additional ounce. Ronald Baird and R. J. complete police coverage for Kir by, Hyde Park; Rulon iv Rates on newspapers, mag- Ladle, Mendon, and Stanley Spaf " the city. ol ofLlce y Council Clerk azines will be increased 24 Jcraes. Wellsville. directors. Recommendations by the percent, circular mail to 34 Ferris Chambers, Trenton, William Flemming, Council were reviewed as well Mr. Baird was assigned as ways and means of includpercent. outgoing president of the orNo change on parcel post, ganization, was named public safety which includes ing such an official in the 1 to 70 pounds, surface rate. member of the board. police protection, fire depart- budget. It is expected that At a meeting Tuesday in ment and safety rnaintainance an announcement will be Parcels for overseas military personnel wiU be iiveii air- Srnithfield, committee assign- while Mr. Spnckman was as made within the near future lift on a space available bas- ments were made by the exe- signed community building concerning their decision is. Parcels five pounds or cutive group. and public property which inless sent at surface rates will Cache Junction be given this airlift service surface while up parcels free, Firm Burgled to 30 pounds will receive airlift for an additional charge A burglary at Walton Feed of $1.00 per parcel. Company in Cache Junction-DNo increase in fees for Spewas being invesbgated last cial Delivery, Special Handwe uy vacne Deputy sherCertified, Registered, ling, More than 13,000 students spring vacation. The April iffs Darius Carter and Bob Insured, C.O.D. items, or for attending the public schools holiday, which is scheduled Merrill. According to the ofmoney orders. Special Fourth Class Rates: in Cache Valley, along with' far the third thrmieh the ficers, entrance was made same 8,0110 college students fifth, may ba shortened to 'through a wide window, and Books, films, and related items, 12 cents devrard their new C".vi.tmas make up for the school day the place was completely first pound, 6 cents each ad- duds for the annual post holi because of inclement searched. The cash box was ditional pound. Library ma- day trek back to the books. weather. The County School opened and $3 to $4 in change 5 cents terials, The 6."67 niniis a'ter.dine; Board will meet this week for taken, along with a small first pound, 2 cents each ad the Cache Countv discission ar.d decision on! amount of change from the rc-i- a ditional pound. sumrd rhrir studios nf'.--r a the matter. soft drink machine. Patrons may obtain air and iime morp than a wrrk's vn-- l The 4.415 students comsos- surfaee pared post rates, or C3.y3n lnJ like stu- - ng the Lsgan School District other postal information, by ;dentSt are alreadv Mk. will also bs given a rest on wnlul wm a"a ' Ciuiiinut'd on UHge 4 ing fnrwurd tn April anaih, . r.VD V9ntinn with ' - Resignation i 'Up ,; 71 i 2?. io - Students In School After Long Holiday 1968 Baby Born A u:' bt non-profi- t, s I ty-ic- j thi? weekend. Franklin County Eastside District, with an approximate enroll men! of 1800, has scheduled their spring break for Easter weekend, beginning with April 12 and continuing through April 15. The West Side District in Franklin county has not planned a spring vacation. The dismissed 450 students are from classes each fall for a harvest vacation which replaces the spring holiday. schocl year ends The for the Cache and Logan Districts May 23. West Side May 25, and Eastside May 21. On May 21, both Cache and West Side will hold commencement activities for the high schools vith junior high graduations in the Cache District set for May 22. Logan high school 1967-6- 8 '.eniors will graduate May 24, Logan Junior high May 23 and Eastside high school May 29. West Side high school, the only public school in the area to hold Baccalaureate activities, has scheduled the religious service for May 19. Utah State University students registered this week and classwork commenced They Wednesday morning. will take a spring vacation from March 16 to March 22. Baccalaureate and Commencement at USU will be held June 7 and 8. j Man Arrested - Mrs- - Bruce THE NEW YEAR'S BABY Hodges holds her wee baby which born Tuesday, the first baby of the year for the Franklin County Hospital - The resignation of Dr. Evan Kackley as a member of the Idaho Water Resources board was accepted last week by Gov. Don Samuelson. Dr. Kackley then accused the board of closed door decisions. The governor, in accepting the resignation, said that he did so with regret and complimented the Wayan and Boise man for his work with the conservation of water in Idaho. Following the acceptance of the resignation. Dr. Kack- lev. who has lone been a foe 1 of the Bear River Project,1- said that he knew that my position is irreconcilable with the established policies with- -, in the statehouse on vital water policies and conservation." in accusing tne laano water K?c said that the board and the Department of Reclamation Mi n i n IImIjuiiuI ri nn. ilnni.iMuH in regards to the Bear Riv-- l er Compact commission and in the "controversy with the Fort Hall Tribal Council." The latter controversy concerns a proposal to increase height of the American Falls Dam, which would flood the Fort Hall Indian Reservation bottoms. i al i I mimn COUNCILMEN Wm. Fleming, city clerk, admirJlsters the oath of office to Ronald Baird Richmond Men Take City Oat! Gets Area be-liev- developing UTAH To Go Up cents an ounce to 6 Postal cards will increase from 4 cents to 5 cents. There will be increases in airmail postage, also. The new rates will be 10 cents an ounce, up to and including 7 ounces. JJver 7 ounces will go at air parcel rates. Air post cards will be 8 cents each. These rates apply within and between states, U. S. Possessions and military stations, also to Canada or Mex- by heavy strike-catchu- p put and strong activity LEWISTON, UTAH Postal Rates from cents. 'money bath" and spurred out- rm NO. 38 a jump, including first class under 50. In conclusion, the stimulus of the Fed's 1967 little four pound, 15 ounce North Cache Valbecame girl New Year's Baby. The ley's Mr. to and Mrs. born girl, Bruce Hodges, Preston, arrived at 10:45 a.m. Tuesday. The baby, which was five will be weeks premature, named Tori Lee Hodges. The mother is the former Sheryl Lewis, daughter of Mr and Mrs. Dean Lewis of Clif- t"i. The fnther is the son of Mr. and Mrs. Cecil Hodges oi iTesion. VOL. V letter mail which will increase t. First f POTOPyNORTHERH BEAUTY tax-partic- ularly n was The Citizen Photo Eli Lucero, 49, of Preston was charged with procuring alcohol for a minor. He was arrested by the Preston police along with a minor and is being held for trial. County License Plates On Sale More than 24,000 license plates were neatly stacked in a room adjoining the office cf Reed L. Fonnesbeck, manager of the Logan Branch, Utah State Tax Commission, and were ready to go on sale Tuesday. The customer, for the most part, follows the same procedures he has done in the past in securing a license this year, althougn internal im rrovements have been accomplished both in the office of Mr. Fonnesbeck and County Assessor Lynn Balls to speed up the annual process. For 1968, however, the major change was in the license itself for it is a multi-yelicense plate made from copper alloy metal. The categories that use the multi-yea- r designated plates are: passenger cars, commercial, motorcycle and trailer. All rubers such as National Guard, Amateur Radio, quarter year mileage and dealer plates will have a yearly date on the plate. White aluminum letters are on this year's black license plate, and they are made, as usual, by inmates at the Utah State Pris- i ar on. When it was first decided to go to a multi-yeplate, ar it was planned to have the dura-- 1 license of a five-yetion. How long it will actual-- 1 ar ly be for, according to Mr. Fonnesbeck, will be decided ! sometime during the next few months. Citizens always seem to need a reminder that the last day of February is the final date for securing a license. Since 1968 is a Leap Year, Feb. 29 is the designated day. An encouragement to peo- who have title changes to le ea taken care of to come in prior to the last two weeks was made by Mr. Fonnes beck. "If people come in early, we are able to give you much better individual service before the hectic rush begins," he indicated. The plates this year have been moved to a room closer to the till where they will be much more readily available than they have been in the past. Also "the records are right at our fingertips," and it should be less complicated to check on lost registrations this year. To accomodate the many customers, three extra women and a part-tim- e girl have been hired. Ordinarily, the office staff consists of Mr. Fonnesbeck, a cashier, secretary, and Dennis Alder, district auditor. When a customer is ready to get his license, he must first go to the office of Assessor Lynn Balls, main floor of the Court House, where the tax valuation is determuv ed. The public has grown to depend on Mrs. Ruth Nielsen (CentLraed en page 4) . |