Independent from Long Beach, California on February 26, 1969 · Page 15
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Independent from Long Beach, California · Page 15

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Location:
Long Beach, California
Issue Date:
Wednesday, February 26, 1969
Page:
Page 15
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A-It--INDEPENDENT (AM) PRESS.TELEGRAM (PM) Deputy's I?laii(l Home is Retained From Our LA. Bureau The deputy sheriffs Avalon Canyon Road house on Catalina Island will be retained another three years. The lease expires Feb. 28, but the County De- partment of Real Estate Management has negotiated a new one. Monthly rent is $200. The county has leased ihe house for a deputy's use since March 1, 1003. Building Permits Thli Month, il],27t,S» TNI YWT, 22.7»,?!S Henry Brocn Jr.. addition, 50 63a) Place, 525,100; H. E. Moody Sons, '"Raymond Potts, addition, 2549 Goldtn Rav Lebnm, aoartments, 1226 E. Second Si.. $110,000; C 8. S Construction Co., contractor; Don Davis, architect. Carl G. Sielin. duartments, 330 Sew- port Avf., S33.COO; Don Davis, architect. Oarles A. Anderson, alterations. 171 Rivo Alto Canal. 51.COO: Carl Irwm, contractor. John Q. Lvnch, addition, 36?S Ross Ave., si.100. I m WiKilffiKiDOllARS Every time you come At over 3000 Standard Stations Participating Chevron Dealers NO PURCHASE NECESSARY t LICENSED DRIVERS ONLY m WINNERS PAID THRU APRIL 27, 1969 VOID WHERE PROHIBITED BY LAW ECONOMISTS SCORE FEDERAL RESERVE WASHINGTON /? -The Federal Reserve Board came under attack of economists Tuesday on grounds it fostered inflation in the past year-and- a-half by pumping money into an already overheated economy. Three university econo- ! mists, testifying at hearings of the Senats-House Kconomic Committee, recommended that Congress set guidelines for stable . growth of the money sup: ply and require that the reserve board explain any ; departure from the guide- j posts. I Prof. John M. Culbert| son of the University of Wisconsin traced what he called the erratic course between tight and easy money over the past decade and called it "a threat to the security of the nation." * * * * THE RESERVE board chairman, William McChesney Martin Jr., will have an opportunity today to defend the board's policy. He is scheduled to testify on the economic message of former President Johnson. Culbertsun said the expansion of money and credit supply climbed from a rate of virtually zero in the early 1960s to a rate of 6 per cent a year by early 1966. down to zero again until early 1967, then up to nearly 7 per cent in 1967-68. "The oscillations in the rate of money growth did not act to offset economic fluctuations, but seemed to have been a major cause of economic instability," Culbertson testified. Culbertson said the board ignored the advice of the joint economic committee, most economists and many newspapers last year in declining to curtail the expansion of money and credit as a curb on inflation. The board, he said, feared such a move would cause "excessively light credit" and a possible recurrence of the I960 disruption of financial markets. THAT THE board persisted "in an obviously in- Hcro Compensation SACRAMENTO (UPI) -Legislation p e r m i t t i n g "Good Samaritans" who are injured while performing "acts of heroism" to file for state compensation was approved Tuesday by the Senate Judiciary Committee. On a unanimous voice vote the committee sent the bill by Sen. Alfred Alquist, D-San Jose, to the full Senate. flationary policy during an obviously inflationary period" has reinforced appeals for an improved control apparatus, Culbertson said. With Prof. G. L. Bach of the Stanford University Graduate School of Business, Culbertson suggested that congressional guide rules be established. As Bach explained the idea, Congress might specify a moderate range of growth rates within which the reserve board would seek to maintain reasonably stable growth of the money supply. Prof. Martin Bronfen- brenner of Carnegie-Mellon University at Pittsburgh endorsed the idea in principle. If the federal reserve deviated from the "stable growth" range, he said, it could be called on to explain by an appropriate congressional committee. A fourth university wit- ness, economist Robert C. Turner of the Indiana University School of Business Administration, did not join in the criticism. He suggested, in fact, that the reserve board may soon be called upon to adopt an easier-money policy. The retarding cf- fcci of the 10 per cent surtax is beginning to be felt. Turner testified, and there is danger of a greater slowdown than the country' bargained for. 3-Ycar-Oid Burned ST. HELENA £ -Three-year-old R o b e r t Scott Weikum was fatally burned when an explosiou and fire swept the basement of his home in nearby Deer Park. His father, Robert, fire chief at the St. Helena Sanitarium, s u f f e r e d second-degree burns. CASCADE WIGLET OF 100% HUMAN HAIR · Dramatic, «xtro-heovy extra thick wig 39.95 Value · lustrous 100% human hair to match your MM ^^Bi Of own · Choice of 30 exciting shades. ^TM ^^Bl * 12 HUMAN HAIR DELUXE EXTRA LONG WIGLET · Flaifertng styling givei you a new look for new spring fashions · Choke of 30 shwdejt 19.95 value £.7 100% human hair wig, 35.95 value... 18.87 Styrofoom head for wig storage.......... 59c Eyelashes -- Naughty Eyes, 2.50 value . 97c lOOO's OF FABULOUS DISCOUNTS! DON'T MISS THIS RECORD-BREAKING COLOSSAL EVENT! QUALITY DISCOUNT DEPARTMENT STORES "1 LOVE HOW YOU LOVE ME" WITH RAY CONNIFPS FAVORITE HITS! 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SUAVE HAIR SPRAY 1.49 siza 49 · Regular or hard-to-hold · 16 01. aerosol can SAVE 1.00 LANOLIN PLUS CREAM 4.00 m 49 1 · Lanolin rich · Gently cleansec · Hug* 16-ez. iar SAVE 2.51 5-DAY SPRAY DEODORANT fl sday · 5-oz. aerosol Cflrt ·Anfi- perspire nt keept you BRIGHT YARN HAIR TIES · Wool yarn · 12 fashion colon '·4V long SAVC4U NOXZEMA SKIN CREAM TOIL-LES® CLEANER 59' · Cleans toilet bowl with each flush ·Deodorius room SAVC39C · Medicated formula clears, cleans · Big 10-or. SAVE 58c ·· i ar MR. BUBBLES BUBBLE BATH 27 C ·Kids love ft · No tub ring! · lanolin tofiens skin SAVE22C FAMOUS FLAIR MARKING PEN 49c valua 27' ·Molti-uso pens b) Flair ·Black, blue, or red SAVE 23C 130 CRAYONS AND SHARPENER 1 -°° ^IO .vahvIHr · 120 nontoxic crayon* · Complete with crayon sharpener SAVI Me BIG SAVINGS FOR SPRING GARDENERS: " SHBAM DELUXE GARDEN HOSE 87 FERTILIZER 1.98 VALUE 87. gal, 4 long lasting high intensity formula · For lush, flreen ocid loving plants BIG 2%1B. BOX SNAIL MEAL 87e valua 49' · Fast, sura action rids your garden of pesti · Convenient, easy 1o us* 5.87 value 2 · Big 50- foot %« hose · Lightweight, supple SAVE OVER 50%l 5-LB. BAG Of GRASS SEEP DELUXE 3 HP., 4-CYCLE |20" POWER MOWER 87 54.95 value FABULOUS VALUE! 39 · Eaiyretollttarter ·Full 20-inch blade · Nan-scalping itaggmd wheel design · 14 gauge Bonderlzad tfeel deck · Famous, high power, reliable Eriggt Straiten motor SAVE 20.08 AT ZODYS! ZODYS AUTO SAVINGS! UTILITY AUTO FLOOR MATS 98e value 57- · Fits ony car · Long wearing · Comet In popular colorsl · For home, shop or boat 15-MINUTE SAFETY ROAD FLARES 35c value · Emergency li-minute red floret ·Safety necessity for your cor AUTOLITE-FORD OIL FILTERS 3.98 value Model ri-1 IhlHM r ·Assure* longer full-tim. bearing protection · Fill all ford product! '57-'tS · Most Chrysler productt'60-'67 FARVLOVS SAVINGS ON ZOOYS AND f 1WH SIAREL LIQUORS! ZODYS EXTRA DRY GIN OR VODKA Compare at 3.89 YOUR CHOICE 2 99 fifth GIN:Distilled with grain neutral spirits VODKA: 80-proof, charcoal filtered for clarity, makes fine martinis IMPORTED SCOTCH WHISKY i99 Compare at 4.99 2 fifth · Alex MeUod choice blend of smoolh, mellow whiskies · Imported from Scotland in catlol ·Very delightful 107 PROOF STRAIGHT KENTCUKY BOURBON 99 Compare at 9.70 4 fiftk ·Bfltt)«dejrpr«»lyfor Zodyi ·Ml niahmd, light, ·6 year, old! ·A tremendous value! ALL THE FREE ICE CUBES YOU NEED AT ZODYS! EZRA CLAYTON BOURBON Compare at 9.70 99 4 fifth ^ sfroi9Rt bovrooft whiskey ·12 yean dd ·90.4 proof ·A true eollfttor** choice in straight bourbon NORWALK IMPERIAL HWr. AT STUDEBAKF.R HARIOR ILVO. AT IDINOI* NORTH LONG BEACH I. SOUTH STREET AT CHERRY LONO BEACH LOS COYOTH, SPUING ft WOODRUFF ANAHEIM-BUENA PARK BEACH BLVD. 4 LINCOLN HUNTINGTON BEACH COIOIN WEST A ID1NOER ANAHEIM-FULLERTON ORANCtTHORPE AT LEMON SANTA ANA N, GRAND AVI. AT 17TH JTKin WEST COVINA AZUSA AVE. 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