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Show ' W TT t T T v T f V 4' "TT V r'TT1 DESERET Prosperity's Here, Then Why The Gloom? est rates, bigger down payments on houses, more unem- By John Cunniff AP Business Analyst NEW YORK (AP) - Amer- icans are now paying higher taxes, higher interest rates and higher prices than a year h the midst of prosperity they find themselves rationing money and s training to pay bills. This is the penalty of inflation, and the worst ma yet be ahead. Since wholesale priced are still rising ratVr sharply, more increases in consumer products are inevitable. The peak Is still ahead. The descent from inflation may be even more painful. It could mean even higher inter ago. Oddly, Wallet Feels Penalty Of Inflation ployment. Controls on wages and prices are a possibility. Even higher taxes cannot be ruled out. These are among the darkest prospects. But one event could ease pressures dramatically. This is the possibility of in Vietnam, fola cease-fir-e lowed by a sharp cut in mill- -' tary spending. And the bright side of the present economy should not be overlooked. It is the most bountiful in our history. People may not have all the money they need for purchases, but thats generally because they want to purchase so muefi. This desire is widespread. The federal government asks more money for cities. State governments must spend for transportation. Local governments must build schools and water and sewer lines. Everyone is spending. When does this spending beWhen it come excessive? exceeds the economys ability to produce goods to be bought. Whrn that happens the available goods are bid up in price. Since there usually is a shortage of skilled labor in times of serious inflation, wages are bid up also. Employers are willing to pay more. And workers have the bargaining position to demand more. When these pressures are set in motion they continue under their own energy, tugging and mauling each other, until they spin in what is called an inflationary spiral This is the situation documented by the latest report on consumer prices, released this week by the Labor Department. It showed a rise during For example, although wages continue to rise the median negotiated wage increase in 1968 was 18.5 cents an hour the workers buying power does not increase at the same rate because prices are rising too. Last month grocery prices fell slightly, but used car prices rose as did prices for clothing, household services, mortgages, medical care and automobile insurance. The result: The average workers weekly purchasing power fell by nine cents. It was the first time in more than a year that spendable income was lower than a year are Esoecially disturbing the pressures that continue to build under these consumer prices. Wholesale and industrial prices, for instance, continue to rise. And that means more consumer price increases in coming months. In theory, higher prices and interest rates are supposed to make you less inclined to buy and so permit demand and supply to come into better balance. This would mean lower but nothing prices seems to be able to bring it about. It is entirely possible that Inflation may get worse before it gets better. four-tenth- s WASHINGTON (UPI) -Democratic House doves, urged on by more than 1,000 have female sympathizers, broken their unofficial moratorium on Vietnam policy crit- icism. The 18 representatives who took the floor of the House afternoon did not hit President Nixon with a broadside; but they sternly suggested to the new president that his performance on Vietnam was beginning to look like that of his p. edeces-so- r, Lyndon B. Johnson. Wednesday With hundreds of members of the Womens Strike for Peace, an antiwar organization, 'seated in the galleries, the House members urged Nixon to reject the advice of U.S. military leaders, the fighting, start to American some withdraw troops and accept the notion of a coalition government in South Vietnam. Until Wednesday, the Democratic representatives who opposed Johnsons Vietnam policies had been pretty much restrained in their comments on Nixons record. They said they were willing to give him a chance to develop the new approach toward peace he had promised during the election campaign. But Wednesday they told him time was running out and the American people were waiting for the promised change of direction. Several of the speakers vowed to express their opposition to the war this year by voting against all military bills. Their first opportunity came today with the LAST first quality GAINESVILLE, FLA. (AP) -Mrs. Lizzie Mouzon celebrated her 112th birthday Wednesday by doing the same thing she has been doing for years just eating and sleeping and trying to be good. i k I I b A 4 A iQUtifwl Spinet PIANOS for Rant Or Buy Ftr Mk rank Cmdlt ta aaal? a parchaia talar aw MIIIb KINO'S MUSIC ?! lost 1 2 DAYS! SAVE 21.95! Penncrest Custom sched- 16.7-cu.-- ft. uled House consideration of a special $76 million authorization covering, among other things, the purchase of spare parts for use by Army aircraft in Vietnam. , The women filled the House galleries after picketing the White House earlier in the day. While in front of the executive mansion they carried antiwar placards and black refrigerator no-fro- st i OmI ihetvet (1 fiiud, 1 ilid-inI D Twin porcelain mamnl finiih criip.rt O For. colain .iramel finiih iroat pan D 138.6-lb- . Full froocor capacity width dairy and tgg itorago D 3 door iKolvos In refrigerator, 2 In fraanr white, copoortono or REG. 31.95! Penncrest Imperial .SAVE balloons. 299.95 J278 avocado 16.6-cu.-- ft. Among the doves who spoke out on the House floor Wednesday was Rep. Shirley the first Chisholm, Negro woman ever elected ta Congress. It was her first House speech and she vowed to vote against every Defense Department money bill until America uses its resources for people and peace, not for profits and war. 67 REDUCED! UfetraoMPMj m alwaVs 112 And Tryiny earlier. Doves Lower Barriers On Viet Policy Attacks Thursday, March 27, 1969 tline. of one February tf per cent, a deceptively small fraction. This apparently miniscule increase was really ominous, for it was larger than the rises in either January or December and equalled the increase for November. The present inflation is the worst In nearly two decades, with prices rising at an annu-- . al rate of 4.8 per cent It now costs $12.46 for consumer goods that sold for $10 in the 1957-5- 9 period. The value cf the dollar continues to ds- - NEWS a! S . tI : refrigerator no-fro- st 6 cantilever iholvot Dio cart handle with wood grain Intent Suitor spread control Twin porcelain enamel finish criip.rt, moat pan D Full width r gg and frooior dairy storage D 1 38.6-lWhite, coppertane, capacity avocado, or harvest gold REG. 359. 95 A J328 PENNCREST REFRIGERATORS AND FREEZERS REDUCEDI NO DCLAYS Debt Bill Awaits Pen WASHINGTON -P(AP) Nixon is expected to sign promptly a bill raising the national debt limit to a record $377 billion, averting a resident tight squeeze the federal Treasury expected In less than three weeks. The Senate voted 67 to 18 Wednesday to send the bill to the President after Republican Leader Evereu M. Dirk-se-n of Illinois told his colleagues they had no choice but to pass The House approved it March 19, 313 to 92. it Flftutn vunts give more stern coverage Extra-hig- h It raised die limit by $12 billion but will expire June 30, 1970 and return the limit to $365 billion, forcing the ad- cord lift Charge M DOWNTOWN 120 So. Main JEWELERS COTTONWOOD BOUNTIFUL 4841 Highland Dr. SAVE 217 ISO. 2S9.9S NOW 22.95! Penncrest Imperlql 18.1-c- u. 177 RIG. 199.95 NOW 4 shelvat, (2 adjustable) end iltde-obulk baskat 6 4 racks, juice storage storage shahsi in door 541-lstorage capacity 'Power on warning tight Defrost drain White ft. u. p'tght freezer i : 257 RIG. 279.95 NOW frost free, no defrosting ever bulk (2 adjustable), slide-ou- t 634-lbasket Brushed 4 storage capacity aluminum trim with full length handle 4 White, Completely shelves ut 45 b. 4 4 b. coppertane or avocado NO DOWN PAYMENT ministration to return for another look at its policies next spring if die debt raises the $374 billion predicted March and April 1970. SAVE 22.951 Penncrest Custom ft. upright freezer ' 11.9-c- Custom 22.951 Ptnncrt 15.5-cu- . ft. upright freezer SAVE . . USI FINNEYS TIMS PAYMENT PLAN Ft I REDUCED! LAST 2 DAYS! for tbs J. 6. Ftnnty PENNCRAFT PREMIUM lutrintiii that this Woduct will gravis, on. .agt smmr.it whM tpplird pvpr g grog fly prtptrtd iw'tct dicnbd M dlrpctloni on lipol. Spplieotlont mutt got trend (tllen covtnio ititid ktlow far ttch typt pf It this product doit not perform to tttlod. tho I. 6. Ftnnty Ct. will supply, frit of chirt, mouh tddlliontl ptuit tg tomplttt covtr-t- i, or rolunS tho gurehotg grin of tho gaint. COVMAGC: Hot to frctldi Frovloutly ptlnttd turltctt 400 Sq. ft. par gallon Forout mttonry-1- 00 to iso Sq. ft par (illon Co. INTERIOR LATEX ti REG. t k : V ( W Dno m 0 PENNCRA IfoVfm.rSi PENNCRAFT PREMIUM PVtiium one (Xtiph&m X EXTERIOR LATEX, INTERIOR 118188 45 The paint that makei you look like a pro. feuional every time! Guaranteed ta cover In just one coat. Goes on smooth with either brush or roller, won't drip . . . flows easily. Odorless, dries fast in 20 minutes. Easy cleanup tool pH).. W . 7.49 NOW EMf' REG. 8.99 NOW t V a V w K 1 w 1H W i C99 gal. IW V V . The paint that's guaranteed trScover in just one coat. . . even covers darker colors. 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