Alton Evening Telegraph from Alton, Illinois on August 22, 1963 · Page 38
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August 22, 1963

Alton Evening Telegraph from Alton, Illinois · Page 38

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Location:
Alton, Illinois
Issue Date:
Thursday, August 22, 1963
Page:
Page 38
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Page 38 article text (OCR)

ALT m jsvfflnwa Economic Future Is Question By SAM MWSOfr At* ttaMnetti \c\vs Analyst foEW YORK (API—Times are good now but how miich longer caft that lastt President Kennedy posed the question at liis news conference Tillsday, Business economists attd stock market chart followers have been asking the same thihg. They are mindful that the current u£ttirM in the economy is sdffie 36 months old. By past records that brings it close to the classification of senior citizen. The President's precise evalua* tion of the economy to-lay- is: "Good, slightly better than was estimated in January. What we must be concerned about always, of course, is the future." Most of the statistics on which business and financial economists base their stock-taking show the economy healthy. In fact, it is healthier than many had expected only a few months back when the long Upturn showed signs of slowing down. Most of the indicators to which I HEY MOM!! LOOK AT THESE. BACK TO SCHOOL VALUES... FOR GIRLS SIZE 8 "A -3 • ONE PIECE VULCANIZED SOLE • LEATHERS • VELVETS • PATCHES • COMBOS FOR BOYS • BUILT FOR HE-MAN ACTIVITIES Black only Sizes 8K-3 CRAFT AVAILABLE IN SIZE 3/2-6 FOR 3.99 FACTORY OUTLET 315 BELLE ST. DOWNTOWN ALTON economists look in predicting the future still point to a further upturn in the next few months.* The soothsayers differ, however, on their outlook for 1964. The President says that cutting federal income taxes for individuals and corporations could tnake the next year even better than 1963. Many business economists agree —if for different reasons. They hold that the cuts themselves might lose much of their immediate effect through higher state and local taxes and through payment of outstanding debts. But they do expect federal tax cuts to lift consumer and business confidence, making for more readiness to spend and, more important perhaps, willingness to go into debt for nev plants and equipment or more consumer items for the home of personal pleasure. Except for conrrurn over the age of the upturn from the 1960-61 recession, the economy today gives a good basis for confidence. Industrial production is at a new high. It is expected to go higher when the auto industry gets into high gear with new model production. Employment holds ot or near record levels, despite the still un- solves problem of stubborn unemployment. Personal incomes tcse to a fifth straight monthly record in July with an annual rate of $464.3 billion. Factory sales of durable goods hit a $17.6 billion record in July, 8 per cent above a year ago. Bunker Hill Student Home From Europe BUNKER HILL—Darrell Bruckert was met by his parents, Mr. and Mrs. E. J. Bruckert, at Detroit Metropolitan Airport on Friday, Aug. 16, after flying from New York, where he spent the previous day visiting a friend living on Long Island. He arrived in New York on Aug. 14 after touring 15 different European countries over a period of eight weeks. This tour, sponsored by Valparaiso University. Countries visited on the tour were Scotland, England, Denmark, Finland, Bulgaria, Turkey, Greese, Italy, Switzerland, Liechtenstein, Austria, Germany, France, Netherlands. Highlight was a ten-day sojourn in the Soviet Union. While in Moscow the 35 members on the tour were given the opportunity to speak with some Russian students from Moscow University. Attend Convention BUNKER HILL — Mr. and Mrs. Edward J. Bruckert of Bruckert's Garage, Bunker Hill, were among approximately 7,000 Chevrolet dealers and dealership executives in Detroit recently to attend the largest convention of its kind ever held in the auto industry. Dealers previewed the new lines of 1964 Chevrolet cars and trucks to be introduced early this fall. KINGSTON — Jamaica plans the purchase of more hog fat in 1963. HIT $AVE ON ALL DuPont's LUCITE® OUTSIDE WHITE HOUSE PAiNT • Reg. $8.55 Gal. $£50 O SAL WALL PAINT Keg. $7.50 Sal. $C45 ^J GAL. VINYL LATEX WALL PAINT ; • 10 COLORS • 54" Wall Covering 1 1 Sells Regularly for 39c Sq, Ft—Special ;: This Weekend running foot - ners available paste end cor- Rubber Baseboard 4" Black If Brown Running 15' PLASTIC WALL TILE • ALL COLORS Paste and Trim Available Reg, Sells for 29c Sg, Ff. MONEY-SAVING TILE SALE! giiyOii VINYL ASBESTOS TILE Hundreds of Cartons in Stock to Choose From! MOSAICS VETERANS Linoleum and Rug 18 W. Ferguson Downtown Wood River Dial CL 4-243? We Deliver We Curry DuPont't Lucllu Wall J'ulml Hi; BEAUTIFUL TABLE MODEL RADIO! WITH THE PURCHASE OP ANV 10 PC. LIVING ROOM OR BED ROOM SUITE! DKKSLACK "Iflilf!" OF THE ORIGINAL MHll 10 .pc, ROOM OUTFIT BUYS! Open Frl. & Moti. Nights Till 9 P.M. COMPLETE 10 PIECE LIVING ROOM ENSEMBLE! Y 0 17 GET ALL THIS •><*$* p<-^' ,^< ^N kx ; >•»•!. < « , " * < ,* ,N* , X**'AV • Modern living room suite with foam reversible cushions and durable decorator style nylon fabric in a choice of lovely colors. Choice of 2 piece sofa bed or stationary 2 pe. living room. • Two step and one cocktail table in your choice of finishes, • Two throw pillows. • Two lovely table lamps. • Attractive smoker's stand, No Interest Or Carrying Charge On 90 Day Accounts. Many, Many Months To Pay! COMPLETE 10-Pc. BEDROOM ENSEMBLE Look What You Get • 4-Pc. Bedroom—Big triple dresser with mar- proof top and tilt mirror, bookcase bed with sliding panels and chest on chest. • Serta In- nersprinq Mattress and Box Spring. • 2 Boud- 'oir Lamps. • 2 Pillows or Bedspread. NO MONEY DOWN YOUR OLD MATTRESS IS YOUR DOWN PAYMENT ON ANY NEW... • SIMMONS • SEALY • ENGLANDER • SER. TA • DR, STRUM MATTRESS PILLOWS Assorted Colors to Choose From! LUXURY RECLINER A real super - value with IwcU and front that adjusts to your best comfort. Big quality style with headrest. Deluxe upholstery looks like leather and whisks clean easily. SMART BUYS IN FAMILY SIZE 5-PC. DINETTE! HIGH PRESSURE SOLID TABLE.TOP 4 Matching Chrome Chairs $0095 Smart Designs To Choose From y '29' FAMILY SIZE 7-PC. DINETTE! Styled with simplicity and grace, 36x60 extension table with mar-proof, stain and heat resistant top. 6 beautifully upholstered chairs in easy to wash fabric. Bronietone or chrome • < • • • PLATFORM ROCKER! Durable Easy to clean plastic arms. J ItlSt 10 Decorator colors, On Sale At Only NO INTEREST OR CARRYING CHAROES ON 90-DAY ACCOUNTS WE DO OUR OWN FINANCING 9x»2 FOOT , LINOLEUM RUGS Choke of Smart § Patterns end * Colors 4 PAR|K FRIi on any Municipal Parking Lot or Directly Behind Our Store Easy Terms, Many Months to Pay '., a* • ,'

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