July 19, 1961 (12 pages)

Ja So be we aR ol SP eR BINNS Cn OBO NEVADA COUNTY NUGGET, Wednesday July 19, 1961, ..Page 9 Business On Upswing National business activity continued to improve on a widespread basis in May and early June reports the Federal Reserve Bank of San Francisco in its June Monthly . Review, but it is still difficult to judge the longer run vigor of the upswing. The recovery to date reflects primarily a better balance between inventories, sales, and production, It isnot yet assured, however, that the vigor resulting from the recovery in inventory investment will be translated into long-term investment because of the present high levels of excess capacity in manufacturing, low levels of corporate profits, absence of strong population pressures in the housing market, and a relative shift away from hard goods buying in consumers. The recent trendin Twelfth District business activity has been generally similar tothatin the nation. The rate of unemployment on the Pacific Coast rose somewhatin May. The San Francisco-Oakland labor market area was reclassified from an area of substantial to one of moderate labor surplus in May, but 10 of the 15 major labor market areas in the District remained in the substantial labor surplus category (6 to 9 percent unemployed). According to the U.S, Department of Labor, employer hiring schedules reported to local employment offices in major District cities point to an approximately normal seasonal expansion in employment between mid-May and mid-July, Other measures of District business activity, such as steel production and new orders and prices for lumber and plywood, reflected primarily seasonal influencesin May. Thedemand for bank loans during May was limited by the comparatively slow rise in District business activity. A special—article-in theReview discusses the role of Twelfth District banks in the Federal funds market. Federal funds are*balances with Federal Reserve Banks which member commercial banks must hold as reserves against their desposits. Individual banks whose reserve balances are temporarily in excess of the required amounts may lend these excess amounts to banks which need funds to cover their reserve requirements. Trading in Federal funds has become an important aspect of our entire money market system, withthe volume of transactions often running more than $1 billion a day, and: the rates of interest charged: on Federal funds are among the most sensitive in the’ market, The main features of the Federal funds market and its historical development are described in this article. The twelfth Distgict ranks second to the New York FederalReserve District in dollar volum¢,of Federal funds transactions, accounting for about one-sixth of the nathe area. AND AWAY WE GO!. his brother Stanley are ANTIQUE?.Yes, sir! These vintage automobiles and their drivers made a 180 mile safari to Nevada County from Redwood City recently to enjoy the recreational and historic beauty of Johnny Crouch (behind the wheel) and ready for more highway travel. Many clubs for the restoration and preservation of antique automobiles have Sprung up all over the coun1922) owned and piloted by Mr. and Mrs. Norman Crouch, Mr, and Mrs, Fred Stiver, Mr. and Mrs. Bruce Bowman and Mr, and Mrs, Richard Kessinger made the two day trip to Nevada City. “When you drive along at 35 miles per hour you see a lot of the country," said Stanley Crouch, 13, son of Mr. and Mrs. Norman Crouch, The caravan spent the first night in a motel outside Sacwhat do the members do when they have restored their autos? They tour. A contingent fromthe Mid Peninsula Old Time Auto Club of Redwood City recently toured Nevada City and the surrounding area. Four vintage Model T Fords(1919, 1920, 1921 and VINTAGE MACHINE:.This 1922 "T" is one of the four horseless carriages that made the trek from Redwood City to Nevada City recently. = The Chief of the U. S, Forest Service has denied a request by the Inyo County Board of Supervisors that a portion “of the High Sierra Primitive Area be excluded from wilderness classifica_tion.so that-it could be developed as a commercial ski area. The area in question is Robinson Basin, located west of Independence, California in the Inyo National Forest. At a public hearing held in Independence last August proponents for the request No Ski Area Says Forest. Service tional -Forest wilderness system. I cannot permit such methods or results. I believe it is necessary to study the whole High Sierra Primitive Area and its relationship to other National -Forest resources to determine pro= per boundaries of the area for final classification. In making this determination, we must consider whether the needs for other resources can be supplied elsewhere, " An extensive Forest Service study of the High Sierra Primitive Area to determine ‘value is now underway, OVERSTOCKED GET BEAUTIFUL C-THRU ALUMINUM AWNINGS NOW AT 30% DISCOUNT Trailer Owners We Now Have Patio Awnings For Any Size Trailers---FINANCING AVAILABLE FOR FREE ESTIMATE Call 265-4422 N.C its wilderness character and This study will show which part or parts.of the Primitive Area and adjacent terrain should be classified.as 3 “Wilderness Area" under R¢gulation U-1 and which part or parts, if any, should be addedor excluded. The study and formal classification action is expected to be completedin 1963, according to Regional Forester Chas A. Connaughton, stressed the need for additional winter sports developments within convenient reach of skiers from Southern California, and the importance of such developments to the economy of Inyo County. Conservation groups and individuals testifying in Opposition objected to opening any portion of the classified wilderness system to: commercial development, and questioned the quality of Robinson Basin as a winter sports site, After the public hearing Chief Forester Richard E. Mc Ardle received considerable additional testimony from both sides. His decision of June 21 states in part: "The piecemeal opening of established primitive areas in order to serve specialized kinds of uses can only lead tional total, to fragmentation of the Na‘ inNnS UR guowing day with STATE FARM LIFE a 3 é i tib-------. STATE -FARM LIFE INSURANCE COMPANY Home Office: Bloomington, Iilinois AUTO LIFE & FIRE ANCE Carl Early 209 Main ; Grass Valley 213 2304 Your Family Insurance Man STATE FARM 4 SMS soossscssssssscssccssssesssatesegsessatatsgss 2 SH SS YE INTELLIGENT BUYER’S GUIDE TO FINEST LIQUORS AT FAIREST PRICES ARE YOU STILL PAYING YESTERDAY’S HIGH PRICES FOR VODKA? NUMAN NNT TTA NTRS NENA NENT SNSESCSTSE NESE NNN NN NESESeSESCOSSSNR NRE SESE sesesete Less than 10 years ago, vodka was such a rarity on the American scene that the Government’s records didn’t even carry a separate listing for it. Now that vodka has become so popular and is produced in such volume, its production costs have dropped sharply. And yet, many distillers are still charging specialty prices for vodka. while Old Mr. Boston has led . the way in realistic vodka pric. ing. Today you can enjoy . unmatched vodka quality and . SOMETHING WONDERFUL HAS HAPPENED TO KENTUCKY j WHISKEY! Old Mr. Boston has blended a_ lightness and smoothness into Rocking Chair that has made it a standout among all Kentucky whiskeys! f % y Mr. BOSTON’S mn ROCKING CHAIR KENTUCKY WHISKEY MARANA ANAS SSN. . smoothness . . . at unmatched . S == A BLEND savings. Discover why Old Mr. Boston Vodka is one of Amer$389 $940 $29 Fifth Pint % Pint WHAT IS MEANT BY “KENTUCKY WHISKEY — A BLEND’? All the straight whiskeys in this fine blend are distilled in Kentucky, homeland of uniquely rich flavor. Grain neutral spirits are carefully blended in to make it lighter, smoother, gentier. . ica’s two largest sellers! . . OLD Mr. BOSTON VODKA $959 . $927 . 3[l7 FIFTH ¥% PINT flavor! PNW Hw ssss ss Bs 88 se RARE MIXABILITY. RARE VALUE! OLD Mr. BOSTON Vacuum Distilled DRY GIN Uniquely distilled in a vacuum. A for sparkling dryness, exceptional smoothness — and just a whisper of sess eee A ase es esas Nee SET secs SeRRESNEN NNN NANNANAANANANAANAAAAANAANAN a9 EXTRA SPECIAL! DRY GIN $105 Half Pint ee 9 FRANCA ALNATNLAAAALNLAANANAN NNN NNT VODKA AND GIN, 80 PROOF DISTILLED FROM 100% GRAIN NEUTRAL SPIRITS. KENTUCKY WHISKEY A BLEND 80 PROOF, 72¥a% GRAIN NEUTRAL SPIRITS. MR. BOSTON DISTILLER INC., BOSTON, MASS. BEE LINE Nevada City Hiway. .273ramento, The second they were in camp at White Cloud on Highway 20. Next day all four cars made a side trip to Washington and the families had a swim in the Yuba, Of all the flat freeways in the state why the interest in Nevada County? AsStanley Crouch puts it, "None “When You're Out In Your Stanley Steamer.” of us had ever been to Nevada City and we heard it is one of the best places to see what is left of the old Gold Rush Buildings, " Yes Stanley, Nevada City is at the moment still one of the best places to see what is left of the old Gold Rush Buildings, Two greedy fisherman found out in Alpine County recently that trout can be expensive indeed, They were cited by Warden Glen Overstreet of Markleeville for possessing overlimits--a total of 204 trout, to be exact, A The two men, who were from Tracy, San Joaquin Men Bag Expensive Trout County, pleaded guilty and were fined $420 apiece, In addition, they lost their fishing licenses for the balance of the year, George C BOLES OPTOMETRIST 228 Commercial Street Nevada City 7 DAYS WE'RE OPEN A WEEK 9am TIL 10 pm ‘Ready FEATURING BAR-B-Qed MEATS AND CHICKEN To Serve’ Complete Line of Liquors VANS MARKET Grass Valley Nevada City Highway Near The Nevada City Limits’ — . CONSTRUCTION BUILDING SERVICES five & BUILDERS & LUMBER COMPANY Grass Valley, Nevada City Highway 273-6105 CONSUMERS TOOL & EQUIPMENT RENTAI, 4216 WELDING DEPENDABLE SHEET METAL WORK 1933 — 1961 HEATING..COOLING gees / COOK-McGUINN. >. LICENSED C ws Phone 273-4455 WATER SERVICE ONTRACTORS Bob Winkle 603 Mill St., Grass Valley BACK HOE TRENCHING SEPTIC TANK & DRAIN FIELD INSTALLATION Phone 273-3839GRASS VALLEY MAP & BLUE PRINT CO ENGINEERING & DRAFTING SUPPLIES 240 Mill St., Grass Valley 273-7868 J & M CUSTOM JENKINS WOOD PRODUCTS ALL BUILDING MATERIALS SPECIALIZING IN HARDWOOD PANELINGS Plywoods and Mosaic Tile Nevamar . Counter . Tops CABINETS CABINETS TAILORED TO YOUR NEEDS ~ 636 E, Main St., Hills Flat, Grass Valley 273-2430 4 TWIN CITIES WIRE & ROPE CO. Lower Grass Valley Nevada City Road Nevada City, Calif. Ph. 265-2158 A.J. Anderson CONCRETE WHERE & WHEN YOU WANT IT ansen Excavating * Grading Paving _113.3100 ‘ 273-3560 539 E. Main St. Grass Valley SIGNS PAY FOR THEMSELVES ELECTRICAL CONTRACTING LIGHTING FIXTURES ELECTRICAL SUPPLIES. L.C. “Les” Enoksen. ' Phone 273-2196 “33199 ‘oguenvioes: . UO9SO2 FOUBBIER

Ja So be we aR ol SP eR BINNS Cn OBO NEVADA COUNTY NUGGET, Wednesday July 19, 1961, ...Page 9 Business On Upswing National business activity continued to improve on a widespread basis in May and early June reports the Federal Reserve Bank of San Francisco in its June Monthly . Review, but it is still difficult to judge the longer run vigor of the upswing. The recovery to date reflects primarily a better balance between inventories, sales, and production, It isnot yet assured, however, that the vigor resulting from the recovery in inventory investment will be translated into long-term investment because of the present high levels of excess capacity in manufacturing, low levels of corporate profits, absence of strong population pressures in the housing market, and a relative shift away from hard goods buying in consumers. The recent trendin Twelfth District business activity has been generally similar tothatin the nation. The rate of unemployment on the Pacific Coast rose somewhatin May. The San Francisco-Oakland labor market area was reclassified from an area of substantial to one of moderate labor surplus in May, but 10 of the 15 major labor market areas in the District remained in the substantial labor surplus category (6 to 9 percent unemployed). According to the U.S, Department of Labor, employer hiring schedules reported to local employment offices in major District cities point to an approximately normal seasonal expansion in employment between mid-May and mid-July, Other measures of District business activity, such as steel production and new orders and prices for lumber and plywood, reflected primarily seasonal influencesin May. Thedemand for bank loans during May was limited by the comparatively slow rise in District business activity. A special—article-in theReview discusses the role of Twelfth District banks in the Federal funds market. Federal funds are*balances with Federal Reserve Banks which member commercial banks must hold as reserves against their desposits. Individual banks whose reserve balances are temporarily in excess of the required amounts may lend these excess amounts to banks which need funds to cover their reserve requirements. Trading in Federal funds has become an important aspect of our entire money market system, withthe volume of transactions often running more than $1 billion a day, and: the rates of interest charged: on Federal funds are among the most sensitive in the’ market, The main features of the Federal funds market and its historical development are described in this article. The twelfth Distgict ranks second to the New York FederalReserve District in dollar volum¢,of Federal funds transactions, accounting for about one-sixth of the nathe area. AND AWAY WE GO!.. his brother Stanley are ANTIQUE?..Yes, sir! These vintage automobiles and their drivers made a 180 mile safari to Nevada County from Redwood City recently to enjoy the recreational and historic beauty of Johnny Crouch (behind the wheel) and ready for more highway travel. Many clubs for the restoration and preservation of antique automobiles have Sprung up all over the coun1922) owned and piloted by Mr. and Mrs. Norman Crouch, Mr, and Mrs, Fred Stiver, Mr. and Mrs. Bruce Bowman and Mr, and Mrs, Richard Kessinger made the two day trip to Nevada City. “When you drive along at 35 miles per hour you see a lot of the country," said Stanley Crouch, 13, son of Mr. and Mrs. Norman Crouch, The caravan spent the first night in a motel outside Sacwhat do the members do when they have restored their autos? They tour. A contingent fromthe Mid Peninsula Old Time Auto Club of Redwood City recently toured Nevada City and the surrounding area. Four vintage Model T Fords(1919, 1920, 1921 and VINTAGE MACHINE:..This 1922 "T" is one of the four horseless carriages that made the trek from Redwood City to Nevada City recently. = The Chief of the U. S, Forest Service has denied a request by the Inyo County Board of Supervisors that a portion “of the High Sierra Primitive Area be excluded from wilderness classifica_tion.so that-it could be developed as a commercial ski area. The area in question is Robinson Basin, located west of Independence, California in the Inyo National Forest. At a public hearing held in Independence last August proponents for the request No Ski Area Says Forest. Service tional -Forest wilderness system. I cannot permit such methods or results. I believe it is necessary to study the whole High Sierra Primitive Area and its relationship to other National -Forest resources to determine pro= per boundaries of the area for final classification. In making this determination, we must consider whether the needs for other resources can be supplied elsewhere, " An extensive Forest Service study of the High Sierra Primitive Area to determine ‘value is now underway, OVERSTOCKED GET BEAUTIFUL C-THRU ALUMINUM AWNINGS NOW AT 30% DISCOUNT Trailer Owners We Now Have Patio Awnings For Any Size Trailers---FINANCING AVAILABLE FOR FREE ESTIMATE Call 265-4422 N.C its wilderness character and This study will show which part or parts.of the Primitive Area and adjacent terrain should be classified.as 3 “Wilderness Area" under R¢gulation U-1 and which part or parts, if any, should be addedor excluded. The study and formal classification action is expected to be completedin 1963, according to Regional Forester Chas A. Connaughton, stressed the need for additional winter sports developments within convenient reach of skiers from Southern California, and the importance of such developments to the economy of Inyo County. Conservation groups and individuals testifying in Opposition objected to opening any portion of the classified wilderness system to: commercial development, and questioned the quality of Robinson Basin as a winter sports site, After the public hearing Chief Forester Richard E. Mc Ardle received considerable additional testimony from both sides. His decision of June 21 states in part: "The piecemeal opening of established primitive areas in order to serve specialized kinds of uses can only lead tional total, to fragmentation of the Na‘ inNnS UR guowing day with STATE FARM LIFE a 3 é i tib-------. STATE -FARM LIFE INSURANCE COMPANY Home Office: Bloomington, Iilinois AUTO LIFE & FIRE ANCE Carl Early

209 Main ; Grass Valley 213 2304 Your Family Insurance Man STATE FARM 4 SMS soossscssssssscssccssssesssatesegsessatatsgss 2 SH SS YE INTELLIGENT BUYER’S GUIDE TO FINEST LIQUORS AT FAIREST PRICES ARE YOU STILL PAYING YESTERDAY’S HIGH PRICES FOR VODKA? NUMAN NNT TTA NTRS NENA NENT SNSESCSTSE NESE NNN NN NESESeSESCOSSSNR NRE SESE sesesete Less than 10 years ago, vodka was such a rarity on the American scene that the Government’s records didn’t even carry a separate listing for it. Now that vodka has become so popular and is produced in such volume, its production costs have dropped sharply. And yet, many distillers are still charging specialty prices for vodka.. while Old Mr. Boston has led . the way in realistic vodka pric. ing. Today you can enjoy . unmatched vodka quality and . SOMETHING WONDERFUL HAS HAPPENED TO KENTUCKY j WHISKEY! Old Mr. Boston has blended a_ lightness and smoothness into Rocking Chair that has made it a standout among all Kentucky whiskeys! f % y Mr. BOSTON’S mn ROCKING CHAIR KENTUCKY WHISKEY MARANA ANAS SSN. . smoothness . . . at unmatched . S == A BLEND savings. Discover why Old Mr. Boston Vodka is one of Amer$389 $940 $29 Fifth Pint % Pint WHAT IS MEANT BY “KENTUCKY WHISKEY — A BLEND’? All the straight whiskeys in this fine blend are distilled in Kentucky, homeland of uniquely rich flavor. Grain neutral spirits are carefully blended in to make it lighter, smoother, gentier. . ica’s two largest sellers! . . OLD Mr. BOSTON VODKA $959 . $927 . 3[l7 FIFTH ¥% PINT flavor! PNW Hw ssss ss Bs 88 se RARE MIXABILITY.. RARE VALUE! OLD Mr. BOSTON Vacuum Distilled DRY GIN Uniquely distilled in a vacuum.. A for sparkling dryness, exceptional smoothness — and just a whisper of sess eee A ase es esas Nee SET secs SeRRESNEN NNN NANNANAANANANAANAAAAANAANAN a9 EXTRA SPECIAL! DRY GIN $105 Half Pint ee 9 FRANCA ALNATNLAAAALNLAANANAN NNN NNT VODKA AND GIN, 80 PROOF DISTILLED FROM 100% GRAIN NEUTRAL SPIRITS. KENTUCKY WHISKEY A BLEND 80 PROOF, 72¥a% GRAIN NEUTRAL SPIRITS. MR. BOSTON DISTILLER INC., BOSTON, MASS. BEE LINE Nevada City Hiway. .273ramento, The second they were in camp at White Cloud on Highway 20. Next day all four cars made a side trip to Washington and the families had a swim in the Yuba, Of all the flat freeways in the state why the interest in Nevada County? AsStanley Crouch puts it, "None “When You're Out In Your Stanley Steamer..” of us had ever been to Nevada City and we heard it is one of the best places to see what is left of the old Gold Rush Buildings, " Yes Stanley, Nevada City is at the moment still one of the best places to see what is left of the old Gold Rush Buildings, Two greedy fisherman found out in Alpine County recently that trout can be expensive indeed, They were cited by Warden Glen Overstreet of Markleeville for possessing overlimits--a total of 204 trout, to be exact, A The two men, who were from Tracy, San Joaquin Men Bag Expensive Trout County, pleaded guilty and were fined $420 apiece, In addition, they lost their fishing licenses for the balance of the year, George C BOLES OPTOMETRIST 228 Commercial Street Nevada City 7 DAYS WE'RE OPEN A WEEK 9am TIL 10 pm ‘Ready FEATURING BAR-B-Qed MEATS AND CHICKEN To Serve’ Complete Line of Liquors VANS MARKET Grass Valley Nevada City Highway Near The Nevada City Limits’ — . CONSTRUCTION BUILDING SERVICES five & BUILDERS & LUMBER COMPANY Grass Valley, Nevada City Highway 273-6105 CONSUMERS TOOL & EQUIPMENT RENTAI, 4216 WELDING DEPENDABLE SHEET METAL WORK 1933 — 1961 HEATING....COOLING gees / COOK-McGUINN. >. LICENSED C ws Phone 273-4455 WATER SERVICE ONTRACTORS Bob Winkle 603 Mill St., Grass Valley BACK HOE TRENCHING SEPTIC TANK & DRAIN FIELD INSTALLATION Phone 273-3839GRASS VALLEY MAP & BLUE PRINT CO ENGINEERING & DRAFTING SUPPLIES 240 Mill St., Grass Valley 273-7868 J & M CUSTOM JENKINS WOOD PRODUCTS ALL BUILDING MATERIALS SPECIALIZING IN HARDWOOD PANELINGS Plywoods and Mosaic Tile Nevamar . Counter . Tops CABINETS CABINETS TAILORED TO YOUR NEEDS ~ 636 E, Main St., Hills Flat, Grass Valley 273-2430 4 TWIN CITIES WIRE & ROPE CO. Lower Grass Valley Nevada City Road Nevada City, Calif. Ph. 265-2158 A.J. Anderson CONCRETE WHERE & WHEN YOU WANT IT ansen Excavating * Grading Paving _113.3100 ‘ 273-3560 539 E. Main St. Grass Valley SIGNS PAY FOR THEMSELVES ELECTRICAL CONTRACTING LIGHTING FIXTURES ELECTRICAL SUPPLIES. L.C. “Les” Enoksen. ' Phone 273-2196 “33199 ‘oguenvioes: . UO9SO2 FOUBBIER