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Collection: Newspapers > Nevada City Nugget

December 28, 1944 (8 pages)

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\ aneicemell The Nugget is delivered to _ your home twice a week for only 30 cents ‘per ~ month “God grants liberty only to those who love it, and are sity to guard and defend ‘it.’ Nevada City Nu COVERS. RICHEST GOLD . AREA IN oa ORNIA __ i NEVADA — LIBRARY NEVADA cf u ”—Daniel Webster Bs This paper gives a coverage of all oes Nol. 18, 8, No. ior The Cobia Seat Paper NEVADA CITY, CALIFORNIA Business and Fi feanicani OLD TIME MINE Ti Goid Center a atone Recon No lidise of The Nogose Monday The Nevada City Nugget will not appear. next Monday, January 1, 1945, a holiday. All business houses! ' and public offices will be. closed on that day and the N staff will join with the rest of © community . & DISTINGUISHED SERVICE CROSS Outlook For 1945, WITH NEW LIFE By ROGER W. BABSON GENERAL BUSINESS 1—A year. ago the United States Babson¢hart Index of the Physical Volume of Business registered 148. 6; today it registers 138. justifying my forecast of a year ago. The Canadian Babsonchhart Index of the Physical Volume of Business registered 206.9 a year ago: today it registers 197. 1945 will show a reduc; tion of more than 16% both in United States and Canadian — business. Furthermore,” most of the following comments apply to both countries. i 2—War production is already being cut back and this reduction will rapidly continue through 1945. Bven ‘those railroads and industries which expect to benefit from a long war with Japan will be disappointed. _. 3—The re-conversion of industry (from war to peace business will increase during every month of 1945. Furthermore, time required for reconversion will not be as great as most people believe. 4—Inventories quoted at their price values, rather than vohinies, will continue, as a whole during 1945 about as during 1944. Raw materials piles will be larger, but manufactured goods will be smaller. -6—Population " “iiicréases in the United States during 1945 will be about 700,000 but’ the bith of new babies will fall off somewhat. RETAIL COMMODITY PRICES 6—Rationing will continue thru the most of 1945. During the early “part of the: year, I expect to see further restrictions especially in connection with meéats, canned goods. 7—The retail prices of most necessities and some luxuries will be higher during “y945 than at present. The prices of ‘some of the luxuries, such as furs, have already collapsed. _ 848teel prices. of goods ‘needed for peace time manufacture should bea little higher, but prices of the heavy war goods will decline. This applies also to the heavy chemicals. > $—'The: wholesale prices of raw Materials in general may decline -*@uring 1945, but most consumer “goods will hola firm or sellat high_ @t prices. For both basoline and bi‘‘taminous coal, there may be price ' concessions. tes : ve _10—The great question mark of » 1945 will be how, to whom and at 4 What price the government will dis“+ Doge of its billions of: dollars worth _ of unneeded supplies. a FAEM OUTLOOK , 11—The weather will be the great08 factor . in farm production and ces during 1945. The weather has ren exceptionally good on the whole it the past few years; but sooner later we will have a severe ought or an early freeze. 12—-Pending a weather .upset, ore bushels of corn and wheat and ore bales of cotton will be raised . 1945, than ever before on our his5 Although some prices may slide’ wit, the total farm income for the first half of 1945 should hold up. »13—tThere should be a 15% delike in hog slaughter and a 5% inTease in cattle slaughter. 14—Dairy products will continue © increase both in volume and in Price. Fam forecasting at least a 3 -% vise in volume.’ & 15—Fgrmers . will ake in 1945 to work again for legislation on the Partial program due to fear of a collapse inall farm prices after the 16 —Taxes will not be iner during 1946 ana some will be Te_ @uced; in fact, some nuisance taxes “will be eliminated altogether. 17—The fedeeral debt will continue to increase aes 945. ? . THUMBNAIL OUTLOOK FOR 1945 Look for these developments:— Farmers’ cash income will aproximate that of 1944, which was $20 billions. Both bituminous and anthracite mining will run 5% below a year ago. Petroleum output will be upped 5%. Iron and steel will decline 10%. A similar drop is in prospect for chemical manufactures. Lumber output will increase 5%. The paper and shoe industries will run along on the same levels as during 1944. Industrial © employment will be 7 % less and factory pay rolls will dec % from the low levels of 1944's first Look for a sharp drop in retail WASHINGTON, (Nevada County) Dec. 28—iNew life is surging through the shady streets of Washington on the South Fork of the Yuba, with the construction of a sawmill just across from this old time mining town. 4 Twenty men are now engaged in erecting the frame work of the mill and their fathilies have moved into the long vacant houses of the /yillage. The Pacific Gas and Electric Company has introduced electric gervice by running power lines down from the upper Spanish Mine. Electricity is not altogether new to the town, for the Washington Hotel was formerly lighted with electricity from a water. wheel plant installed Many years ago. But soon electric lamps will replaee gasoline, ‘kerosene -. and other iluminants that residents . genefally have used. trade, especially in luxury lines. Electric power output will be reduced 5 % as war contracts. are cut back. For basically the same : reason rail-. read freight ton mileage. will fall’ 15%. es, the cost of living will continue to rise during 1945. soldiers will be thes big political football for 1945. I am not now prepared to forecast what! will happen in this connection. 20—Through a coalition of republicans and consevative democrats we should have a do nothing congress during 1945. . RETAIL SALES 21-—The volume retail sales will show a decline during 1945. Prices of ladies’ apparel and general luxuries wil suffer, while grocery sales shoutd be higher. / 22—"The total dollar retail sales should be about equal to 1944 with an inereased demand for woolen and coton textiles for civilian ‘use. 23—The best cities for 1945, business should be: Altoona, Pa. New. York, N. Y., Cleveland, Ohio, Davenport, Iowa, San Jose, Calif., Wichita, Kansas. ‘ 24—There: willbe a great stampede in 1945 to get rid of the make shift ersatz goods which have been: Made to take the place of good merchandise. Thus, 1945 will witness many mark-down sales of unrationed merchandise. 25-——Wige: will be those manufae-. turers, mer¢hants and consumers who realize that post war competition will ‘be terrific and, therefore withhold -purchases until 1946, FOREIGN TRADE , 26—The United States will own over 50% of the workd’ 8 ships in 1945. 27—There will be an increase in free exports with the freed countries, but lend lease exports will decline. 28—We will make England and Russia large post war’ loans provided they spend the money in United States. 29——Both the British saat and Russia will go into the competitive foreign trade market during 1945; many cartels and government monopolies will be in operation. I, there fore, forecast higher prices for coffee, cocoa, sugar and many other articles, for which we are absolutely depengent upon foreign countries. 30—No central bank will be organized nor will. be stabilization of foreign surrencies be atomic. in 1945. LABOR . 31—7Dhe little steel formula will be amended during. 1945. ' 32—Industrial employment during 1945 will be off 7% in hours and . off 10% in pay rolls. 19——Previding jebs: for returning}: Ranger Paul Case discussing this resurgence of modern civilization in ‘the picturesque old mining town, said yesterday that when the State Box Company of Sacramento begins saw‘ing in farnest with a capacity. of 35000 board feet daily. Washington shetild e ity. ‘The’ mill Will be operated by thé Tahoe Sugar Pine. Company, underBox Company. William Stevenson is manager of the enterprise. Several months. ago the State Box Company purchased the Tahoe ‘Sugar Combany’s mill at Graniteville, _ Nevada ington. Along ‘with the mill went a large body of timber’ land, including the holdings of the Gaston Mining Company. Case states that the sawmill company contemplates the purchase of stumpage’in the Tahoe National forest adjoining Present timber stands on its own property. The mill wag moved from Granieelevation, to Washington, about half logger ‘work season. As much of the timber lies below Graniteville logs}. can be transported at less. cost on a down hill haud. Ranger Case states that available timber for the mill ‘will aggregate 90,000,000 board ft.
Arrangements are being made for a large log storage and a three acre pond has been excavated. It is ex~ . , pected: that when the mill begins operations in May, 50 men will be emPloyed in the woods, in sawing and in piling lumber. It is believed. that this will require new honsing facilities in Washington. ; Pico Services Today For Late Thaddeus Adams Funeral services will be held this afternoon in the Holmes and Myers Funeral Home for the late Thaddeus Adamg who Passed away Tuesday in a local hospital. Rev. Mark Pike will officiate and interment will be in Gréenwood Cemetery. Adams, a native of Colorado, aged 66 years, had made: his home with his son, Harold Adams on a ranch west ‘of Grass Valley for the past three months. He has no other relatives in the county, Gold Flat School . Sells $3,675 Of Bonds Students of Gold Flat school. in . district adjacent to Nevada City, sold $3675 -worth of war bonds in its recent contest, The sale was planned by Mrs. Irma Atkins, Miss Alice Nhibalt and ‘William’ J. Wasley. Virginia Pease won the first prize .of. $3 for her eales.of bonds, The second prize of $2. was divided between Push March and % ria new era of prosper-. stood to be a subsidiary of the State. County, and moved it down to Wash-}) as high, in order to give a much}. Harl Covey Grass Valley garage proprietor. returned from Napa early this week where he visited a short time with his son Lieut, Clinton Covey, United States Navy:, pilot and wearer of the Distinguished Service Cross. expects ‘to come to Grass Valley for a few days stay about the first of the year. . Lieut. “Covey’s last activity was in connection with the-invasion of Leyte although his 18 months of overseas covered the war from the time the Japanese were driven from British New Guinea and through the island chain, including Biak. The recent overseas experience was Lieut. Covey’s second, for he had spent six months in overseas ! duty early in 194:2. His father has figured that the local flier has flown sufficient miles to circle the globe 24 times. He has crossed the equotar 100 times. (Covey wasa member of the Nayy Bomb Squadron 11 witch pioneered the ‘Catalina seaplane, the Black Cat as an offensvie weapon and. received the” presidential citation, awarded . upon the ,squadron’s return to the iF Station at. Alameda Yast’ Naval" ‘week. Covey made seven night missions against Japanese shipping while based in Dutch New’ Guinea. His plane destroyed seven sniall ships. and eight barges in the face of heavy. anti aireraft fire, flew 10 air sea rescue missions with the army air forces and helped in the evacuation . . of Australian soldiers dnd natives from the Sepik River area back of Japanese lines in New Guinea. ville, which stands at a 5000foot hd An informatnon ‘was. Tiled Tues-. day by District Aitorney H. Ward Sheldon, formally charging Thomas . ‘ O'Dea, with resisting an officer, November 25th, at which time it was alleged, O’Dea slugged Policeman William Sproul, off duty at the tine and Kenneth Manual while the ‘Tatter was booking him at the Grass Valley, police station. The information recites a_ ‘prior gonviction on a grand theft charge in. Los Angeles county in August, 1938, following whic hhe served a sentence in the county jail there, Aliases for‘nerly used by O'Dea, mentioned in. the information, are Patrick J. O'Dea, Al Wilson and K. 0. Kelly. O'Dea at the time of his arrest in November was engaged in circulating petitions to the-district attorney and to attorney general . Robert W. Kenny, asking the: arrest ‘and trial of Irvin Davis on a charge of murdering William Ebaugh, whdm Dayis shot and killed on November 17, after Ebaugh had refused to sur‘ender. Ebaugh wag charged with the murder of Henry Lewis, wounded veteran of World War Il, who had received a medical discharge from . the army, and was engaged in a deer hunt, when he stumbled by accident upon the hideout of Ebaugh in an old mine tunnel in the canyon above Seotts Flat. Ebaugh had evaded arrest on a cattle killing charge for almost a year, and it s believed he killed Lewis to prevent _ disclosure of his hiding piace. street had as a Chr: guest her son Frank Campbell of ‘San FranCarl Wasley. . ; ae Covey declared that the naval flier f Mrs. Mary Campbell “ot pe COL. HUNTER TO TAKE NEW POST Colonel R. C. Hunter, for four years engineer of Sacramento-district. revealed yesterday that he will be transferfor. the army engineers, ‘red soon to a nw position. Hunter came to Sacramento oming. . At one time a ceivil engineer in Boston, Hunter has been, in the army 28 years. “When I was _ transferred. engineer, no military trict, ” he said. “For. several years: the amount being expended on new civil works had ; averaged $2,000,00 annually, amount being used on levees, dredging, Rebelo ainar ate ee aa aie trol studies. in 1940,,and under his charge the Sacramento district expanded until today it is the nation’s largest, embracing parts of California, Nevada. Oregon, Utah, Idaho, BP yee and Wy~here from duty as San Francisco district } construction . Was handled by the Sacramento dis-. this; "Scaler Fred ‘Bieey: andtrol Assistant William AL the Downieville district of the national forest took a 100 mile sn shoe trip last week announced trict ranger Delaney. The tri in the high Sierras . “and. exte from Deer Lake to ‘Bear Lakes . the Plumas forest. About 80 p of the Arael was on old time s Skiis and the balance on bear webs while working the high Forged eum cups. AL snowfalland high win countered. Measur at the end of the depths varied from » The fair, weather. storm aqifickly settled the snow pack, Alt fevetatn or contributed his ‘Tun off, : “Four years agé, the corps of en-. rho Has. gineers took over the air corps -con-. 'the Un struction work formerly under the ing quartermaster corps, and a year lat-. er—fust. after Pea) Harbor—allmilitary construetion was tranefer-. . red to the corps of engineers. “Sacramento district was tion porte, erous other war time installations. “Upon occasion, we made excursions into other districts. We took over construction work at pirat Nevada, and for a period thatMoses Lake and Ephrate in Washing: 1 ton, 000 :000. per month.) “Geographically in the past three years, Sacramento district was srown . to become the largest district ‘in the United States and in this time it boxe: program was under way, war gineering which consists. mainly planning for flood control ; and harbor works wae by no allowed to lapse. = “As a matter of fact. this mon which had formerly been formed a small planning section of. our gineer division was expanded m times and a separate division, kr as the water resource division, organized to. take over this work. Their-main job was formulating a. 1 comprehensive plan for development of the Central Valley.’ DANCE AT LAKE. VERA Mr. and Mrs. A. Carino and Mr. and Mrs. Hatry Hewer were hosts ata dancing party at Lake Vera on the Christmas. Eve. The party took for place in Camp Agusta Lodge. A midnig ‘supper, was ‘served style. Those ‘participating and Mrs. Henry$ Goering pie Joseph Carino. of Rena, . Jathes Larrabee,tapes Hewer, Mr. a foie w Warne of Union f f daughter o Mr. and “aor <t then}. charged not only with the continua-. , tion of its eviil works, but in addi-. ~ h the construction of airfds cantonments, depots and. num; was expeniturgs _ -umped trom to somewhat more than $200,000 per . {month to a peak of. more’ than: $26." 08