The Daily Banner, Greencastle, Putnam County, 2 February 1968 — Page 5

Friday, February 2, 1968

The Daily Banner, Greeneastle, Indiana

Page I

Outlook cloudy (or 1968 housing market

Bt JAMES L. SRODES WASHINGTON UPI — The latest shot in the war over the 10 per cent tax hike proposal Is the Commerce Department’s claim that without a tax increase. home building in 1968 may go into another decline. In the department’s preview of coming construction, the projection is for an 8 per cent increase in new construction of all types to a record level of

183.5 billion.

Of the $6.5 bilhon increase from last year, $3.6 billion of it goes into private housing unit construction. This—along with rising spending of maintenance and repairs — established construction as a $100 billion segment of our economy. But, Commerce says, the rise in housing construction depends on two conditions: One, a growing and stable economy to stir the demand

for new housing.

Two, enactment of the President’s income tax surcharge i proposal in the next session of

Congress.

Here’s how commerce sizes up where the housing market stands today and where it is headed in the coming year: —The general outlook is good, they say. Officials point to the collapse of the housing market when construction dropped from the annual rate of 1.4 billion houses in October, 1965, to an

Morning musicale to present guest artist

845,000 rate a year later. From that point, however, the spiral rose through the next year for a total at the end of 1967 of

nearly 1.4 billion.

—One of the causes of the rise is the increase of available mortgage money. Although the cost of this money will remain high in 1968, the department predicts increased savings deposits at financial institutions will keep pace with the demand

by borrowers.

—Construction costs will remain high due to labor costs in the skilled trades. However, labor and construction materials will remain in enough sup- ! ply to meet projected increases.

Morning Musicale will fea- two pupils accepted by Myers Dr. Virginia Harlow, presi- _Demand for new homes ture a program of piano music Foggin, an outstanding student dent of Morning Musicale, and rema i n high — underon Wednesday evening, Febru- of Myra Hess. He has played Miss Leah Cumutt, who ar- score( j hy today's healthier ary 7, 8:00 p.m. at the home of numerous concerts in the ranged the program, extend & markets for used homes, the Mrs. John McFarland, 809 East Philippines and is a student of special invitation to guests as low ratio c f sa i es ^ inventories Franklin Street. Guest pianist Professor Glen Sherman at De- well as members who would of new homes, a decline of va-

like to attend this meeting. cancy rates, and increased de-

mand for rental property. Based on this, Commerce projects a 1.5 billion unit-year in 1968, with 985,000 of the new units being single-family

Clay County Rural Telephone r Members must register to housin £*

, _ ,!.... , i . ® „ If there is no tax increase.

Mr. Mendoza, who is a native Cooperative will hold its annual vote m the election of directors Commerce officials say the feof the Philippines, earned his membership meeting Saturday or any other matter that might der&1 rnment ^ meet its

Bachelor of Music in piano at at 8:00 P m - ln the United come on the floor. At the meet-

Church of Christ one mile south ing you will help to determine

Try and Stop Me

By BENNETT CERF-

will be Roberto Mendoza, a i Pauw. graduate student in the School of Music at DePauw. Mr. Mendoza will play two Chorale Preludes by Bach-Busoni, three Sonatas by Scarlatti, the Chopin Nocturne in D flat and

•Triova” by Albeniz.

To hold annual meeting

money needs by dipping into

the University of the Philip- “**> ^ commercial money markets. In pines in 1959, his Artist’s Dip- Poland. Registration will be- the courses of action the co- addi the federal reserve loma under Rosario Lopez Gar- S in at 7:00 P- m - An members, operative will pursue. The main alsQ enforce stringent crecia in 1961. He then went to owners, of the cooperative are’order of business will be the dit Restrictions against the preVienna where he studied at the m-ged to attend by the manage- election of directors to repre- dicted lnflatifm ira , Vienna Academy under Her- ment and the Board of Direc ‘ sent districts 7, 8 and 9. These The regul( . ^ be that the man Schwertmann. In 1962 Mr. tor8 - Come ^ ex P ress y° ur men wil1 6erve for a P eri od of mort a ‘ monev market which Mendoza began a two-year learn how your telephone three years providing the policy enab]pd the 1967 housin <r marstudy at the Royal Academy of company is planning to provide making body of your company. ket to recover will probably Music In London where he had y° u better telephone service in The nominating committee^ shrivel by as much ^ $3 mil _

the distinction of being one of, t* 1 ® future. ~ r

TN A REMINISCENT MOOD, Bob Hope recalled one of his first real parts on Broadway—in the triumphant musical, “Roberta.” ‘Td have worked that show for nothing (almost)” nodded Hope, “just to be able to stand in the wings and thrill to Jerome Kern’s great music. And what a cast: George Murphy, Tamara, Ray Middleton, Sydney Greenstreet — and Fred MacMurray! Fred, as a matter of fact, still owes me a hat and cane from that show, which he borrowed to do a screen test for Paramount. I remember thinking at the time, •They’ll knock his brains out.’ Three months later he was co-starring with Claudette Colbert in “The Gilded Lily”! • • • A house owner, plagued by mice, bought an expensive trap, but when he went to set it, discovered that he had forgotten to buy any cheese. So he cut a photograph of a cheese from a magazine and placed it in the trap. His stratagem worked, too— up to a point When he went to the cellar next morning to check results, he found in the trap a picture of a mouse. • • • WEBSTER REVISED: BURLESQUE THEATER: A place where the belles peel. IMMORALITY: The morality of those who are having a better time than we are. (H. L. Mencken). INFLATION: Something that makes $100 worth $98 while you’re counting it PEDESTRIAN: A fellow who’s convinced there’s still two quarts of gas in the tank though the gauge points to empty. SPECIMEN: An Italian astronaut © U6S, by Bennett Cerf. Distrubuted by King Features Syndicate

Roger Ward appointed to head Cancer Society

INDIANAPOLIS, — The appointment of Rodger Ward, one of the most successful automobile race drivers of all time and two-time “500” mile race winner, as chairman of the American Cancer Society’s 1968 Crusade in Indiana was announced recently by Dr. Marvin N. Golper of Kokomo, Indiana Division President. Ward, who served as Honorary Education Chairman of the 1967 Crusade, succeeds Jack Mollenkopf, head football coach at Purdue University. In accepting the chairmanship for the 1968 campaign, Ward said: “It is indeed a great honor to serve so vital a cause as the 1968 Cancer Crusade. It is a rare privilege to join more

Miss Joyce Hammond gives talk on back packing to Scouts

than 35.000 Hoosier volunteer* in our dual functions, namely, to save lives by giving peopl* life-saving facts and to raise more funds to enable research to bring about an earlier conquest of this dread disease.’* During April, the month of the Cancer Crusade, Ward plan* to travel extensively throughout Indiana to assist with th* enlistment and briefing of Crusade leaders at the county level.

Wake Up Your PERISTALSIS And Be Your SMILING BEST Peristalsis is the muscular action of your digestive system. When peristaltic action slows down, waste materials can build up In the lower tract. You can become irregular, uncomfortable, stuffed. The unique laxative formula of today’s Carter’s Pills gives effective. temporary relief of the irregularity by activating the slowed-down muscles of the lower tract and stimulating peristalsis. So if you’re sluggish due to irregularity, take Carter's Pills to wake up your peristalsis and you’ll bounce back to your smiling best Millions of satisfied users tak* Carter’s Pills for effective temporary relief of irregularity. Why don’t you. 49*.

RODGER WARD

The Lighter Side

By DICK WEST

WASHINGTON UPI —Sever-

The pundit took a deep breath [ of rarefied air, which is the only kind that oracles inhale,

a! political pundits report that and gave me ^ following ex _

position:

“The main trouble

made up of members, has se- ; lected two members from each of the three districts to run. This does not preclude the members who attend the meeting from adding to the nominations. All members should have received a notice of the meeting with a slate of these

candidates.

The officers and the manager will report on the past year’s operations, the financial con-Mc-1 dition of the cooperative and

Sen. Eugene J. McCarthy has made little headway during the flnt afcc weeks of his quest for

the Democratic

nomiation.

_ , be brought before the meeting Thus far, they sav, he has , , ,

^ will be acted upon before adfeiled to strike the spark ne- I gasped in disbelief. Surelv . . ...

... . , .... , journment. After the meeting oessaiy to galvanize a ground- someone with enough political there ^ be entertaininent ^

lion, thereby placing the 1968 projection of 1.5 billion housing starts as well as the 1967 level out of reach. How far could the market

fall?

“Just say It won’t be disastrous, but it will be critical,” said one of the authors of the projection period. "The tax increase is the critical thing as we see it.”

presidential Carthy has been going around the plans for the coming year. the country making articulate Any other business that might

speeches.”

awelL

Galvanise

how about

a groundswell that, metaphor

acumen to reach the U.8. Senate would know better than j to make articulate speeches.

ISU (lasses start Monday

refreshments.

The Indiana State University extension classes for the spring term will begin next Monday, Feb. 5 and Wednesday. Feb. 7. Georgraphy 113 and Sociology

lovers? This year’s political “And that isn’t all,” the submerged tOf SpaCC campaign has barely begun and pundit continued. “He has been SUNNYVALE C ilif ITT already Tm in mid-season presenting his arguments as _ . .. , , ' , . ‘

form. appeals to reason rather than \^ ien 1, rorn ^ C , 66 ' will be taught on Monday Being only an apprentice playing on emotions.” i “ * 8 s P ace ^o. have gone and Wednesday, respectively. mmSt rnvSf T wa, T Wt ' underwater to study the prob- Classes ^ be held from 6:0 o pundit myself, I was a bit .. P _w a™*"* I lems of working in space. p.m. until 9:00 p.m. in room 112

Project leader for the under- at the Greeneastle Senior High water work. John H. Duddy, Sch ° o1 ’ There wil1 be a PP roxl - explained that with the correct matel >’ sixteen claas meetings.

“Yes. In the some of his placement of weights on his These General Education addresses he has displayed torso, arms and legs, a man can classes mav be *pphed toward flashes of ironic wit.” submerge in water and exper- any barhelor degree at Indiana I was dumbfounded. Even a ien®« neutral buoyancy similar State University or any other rank novice wouldn’t make that tbe w-eightless condition as- accre 1 e °° e £® pr dm'®rsi

Any high school graduate

Eighty-two Girl Scouts, parents, and leaders attended a slide talk on hack packing given by Miss Joyce Hammond Monday evening at the Roachdale High School. Joyce is a senior scout who participated in the All-states Encampment held last summer in North Carolina. She explained the kind of camp she attended in the Smoky Mountains and told of some of the adventures she experienced with other Girl Scouts from forty-four states and fifteen countries. The encampment lasted three weeks.

I The first week was spent learning skills to prepare for a five-day hike carrying everything on a girl scout's back. : The second week was spent | taking the five day hike into the Smoky Mountains—where the girls really had to put their skills to work. The final week was spent evaluating the hike and included an excursion to a Cherokee village.

The meeting was closed with a flag ceremony and the sending of refreshments Miss Ham- ( mond’s talk was sponsored by | the Roachdale and Bainbridge Cadette Girl Scouts

ATTENTION MEMBERS! CLAY COUNTY RURAL TELEPHONE COOPERATIVE, INC. 1968 ANNUAL MEMBERSHIP MEETING Saturday, February 3,1968 Registration 7:00 -- Meeting 8:00 p.m. Entertainment At The United Church of Christ i Mile South of Poland, Indiana

“Great Granny Grunt!”

mystified by McCarthy’s ap- exclaimed . .- Xo wonder he has . parent lack of progress. He had n , t been roming across . Any _

impressed me as being one of thin g. e i se ?»»

the most intelligent and person-,

able figures in politics.

I figured that even If he couldn’t swing the nomination, h® would at least stir up some

excitement.

After reading the other day that the Minnesotan's campaign

mistake. To the average voter, tronauts experience in space, irony Is a remedy for tired

wherein the trouble lay.

was “sputtering,” I sought out blood. a pundit I know to find out The pundit waited until I had

recovered my composure and then dropped the biggest shoc-

ker of all. He said McCarthy had occasionally supported his viewpoint “with appropriate

quotations from Thucydides” Furthermore, he has recited

poetry by Robert Lowell and . . i

. but I had heard enough.

DR.

J. F. CONRAD

OPTOMETRIST

801 E. Washington St.

York purchases Putnam County Frozen Foods

school

may register for these classes by attending the first class session. Formal acceptance at Indiana State University Is not necessary for these extension

classes.

TOOK PLYMOUTH DEALER’S

Crackdown on Mafia

Robert York today announced PALERMO, Sicily UPI-The

_ ^ _ __ that he has purchased the Put- government has cracked down The public simply isn’t pre- nam County Frozen Foods. In- Ma [’ a efforts to bu > r the land pared for a politicians who ! corporated, located at 730 East of earthquake refugees at oneuses appropriate quotations. Washington Street and will third val f Ue a "? c <* rc * reluctant The novelty is too great. s«rve as manager of the plant OWne ” ° Se ' Authont,es ar ' And Thucydides, of all people, along with his wife. Linda. rested two shepherds allowing . Why Thucydides couldn’t even York, a life long resident of their co ' Vs to Rraie in an 061 carrv his own home precinct, the community, was formerly field - A typical Mafi<* technique

part owner of the Three D Auto is to ^ the cro P and force 016

ANNOUNCING CHANGE OF OWNERSHIP of the PUTNAM COUNTY FROZEN FOODS, INC. I HAVE SOLD THE PLANT TO ROBERT YORK AND WANT TO TAKE THIS OPPORTUNITY TO THANK ALL MY EMPLOYEES, CUSTOMERS AND FRIENDS, FOR MAKING MY BUSINESS THE SUCCESSFUL ONE IT WAS FOR THE PAST 21 YEARS. I WILL REMAIN IN GREENCASTLE AT MY HOME ON WASHINGTON STREET. HAROLD FLINT

Supply Company prior to his purchase of the plant Putnam County Frozen Foods, owned and operated by Harold D. Flint for the past 21 years, has served area residents with the finest in custom beef and pork processing along with the retail sale of meat for over 30 years. “We hop® to continue the courteous and efficient service to customers that has been characteristic of this business.” said York, “and we invite everyone to come out and say hello.” The plant will be open daily 8:00 a.m. until 6:00 p.m. and from 8:00 a m. until 5:00 on Saturdays.

owner to sell.

Newspaper hit

NICOSIA. Cyprus UPI — A hand grenade thrown from a speeding automobile shattered windows at the Greek Cypriot newspaper Daily Patris, authorities said today. None of the five men working inside was injured in the explosion. The newspaper opposes President Makarios, a Greek Cypriot.

A hotel which straddles the Swiss-French frontier at Aux Rousse has two rooms in France and five rooms in Switzerland.

DANCE AMERICAN LEGION POST NO. 58 Saturday, February 3rd BILL GRIMES COMBO 9:30 P.M. to 1:30 A.M.

M»-Va»-Omr Special SalfcMe

last year's Wln-You-Over Sate was such a big success, we've brought it back for ant encore. And this year’s sale is bigger and better than ever with more cars, more Biodels. and more savings. We’re featuring specially equipped Furys, Satellites,. Barracudas and Valiants at savings you’ll find truly welcome! AUTHORIZED DEALERS SS CHRYSLER MOTORS CORPORATION THE SAVINGS GO ON yAND ON PAND ON »AT PUTNAM MOTOR SALES * 118 N. INDIANA ST. ^.tie Man.