PAGE TWO THE MICHIGAN DAILY SUNDAY, JULY 18, 1948 __ _ ' , - -- l ECONOMIC OUTLOOK: Consumers Intend To Buy Despite Decreased Savings (EDITOR'S NOTE: This is the last in a series of three interpretative ar- ticles on the 1948 Survey of Con- sumer Finances.) By JIM DURAS Consumer buying intentions re- mained as strong at the beginning of this year as they were at the same time in 194 7, despite a gen- DAILY OFFICIAL BULLETIN Publication in The Daily Official Bulletin is constructive notice to all members of the University. Notices for the Bulletin should be sent in typewritten form to the office of the Assistant to the President, Roofa 1021 Angell Hall, by 3:00 p.m. oij the day preceding publication (11:00 a.m. Saturdays). Notices SUNDAY, JULY 18, 1948 VOL. LVIII, No. 188 j Bureau of Appointments & Occu- pational Information, 201 Mason Hall The Ansco Corporation, Bing- hampton, 14ew York, is again re- cruiting men for the Ansco Cadet Training program. They are in- terested in men receiving Bachelor of Science degrees in Chemistry, Chemical Engineering, or Electri- cal Engineering. Men should be under twenty-six years of age. Complete details about the train- ing program are on file at the Bu- reau, Men who are interested should contact the Bureau imme- diately. Survey Research Techniques: There will be a conference for students and instructors attend- ing- the special summer session in Survey Research Techniques at 4 p.m. Mon., July 19, in the West Conference Room of the Rackham Building. The Russian Circle will meet in the International Center on Mon- day, July 19, at 8 p.m. The film, "Peoples of the U.S.S.R.", will be shown. English Teachers' Summer As- sembly (No. 4)-Tues., July 20, 1948, at 4 p.m., in 318 Michigan Union. A panel of teachers expe- rienced in secondary school will discuss problems raised by the pamphlet Preparation for ;College English (1945)."Moderator of the (Continued on Page 2) eral decrease in savings during the intervening period. This was shown by the 1948 Survey of Consumer Finances made for the Federal Reserve Board by the Survey Research Center of the University. At the beginning of the year the outlook of most consumers was still optimistic concerning income prospects and future business con- ditions. The commodity price break in February had little effect on this optimism one way or the other. Car Demand Off There was some indication of a drop in the demand for new cars by the lower income brackets, but this was offset by a larger demand on the part of the units earning more than $3,000. There were no significant changes in the demands for other durable goods. The expected number of pur- chasers of new houses was larger than the estimated number of dwelling completions for 1948. The demand was down 20% from the previous year's survey, however, with most of the drop in the below-$2,000 income class. The report concluded that, al- though fewer spending units held liquid assets at the end of last year, there was a substantial in- crease in total indebtedness, con- sumers continue to have a strong financial status. Employment and income are at peak levels and widely distributed, and well over two-thirds of all spending units still have liquid assets, with siz- able amounts held by people in all income groups. More Credit Buying Consumer spending for durable goods and houses is expected to continue in expanding volume. There is a tendency for a greater proportion of such goods to be bought on credit compared to a year ago, with less buying out of savings. In order to satisfy the de- mand for houses, particularly for new ones, there will need to be a substantial increase in mortgage credit, according to the report. In general, the plans of consum- ers to buy both durable goods and houses indicates a continued heavy demand in the areas that depend on availability of credit and sav- ings for effective buying power. The first watch was invented about 1500 by Peter Henle, who lived in Nurnberg, Germany, re- lates the World Book Encyclo- pedia. For this reason and because of their round shape, the first watches were called "Nurnberg Eggs." Flight SafetyI To Be Shown At'U'Parley By JOHN NEUELD Science teachers, superinten- dents and school principals at- tending the two-day Aviation Ed- ucation Conference opening here Wednesday will be lifted right off the ground. Prof. M. L. Byrn, chairman of the annual summer conference, announced that on July 22 flight experience will be given to 150 con- ferees. Twenty planes from local airports will be used for the fifteen minute rides. Once in the air, pas- sengers will get a chance at the controls to convince themselves how safe and simple air travel can be made. Confidence in Flying Prof. Byrn, of the education school and the University High School has more confidence in flying than in long-distance driv- ing, where your life depends too much on other people. Prof. Byrn says that the safest age for flying has been found to be 54 years, when experience is as important as the quick reaction, of a young stunt-flyer. Prof. Byrn is 61 years old and admits that he could not fly a pursuit ship like a youngster, but in civilian flying his little Stinson plane will take him and his family to wherever there is a landing field. To Show MoviesI As a special feature of the con- ference, Willard R. Custer will show movies of his Custer Channel Wing, an airplane with landing and take-off speeds of 15 miles per hour. By comparison, an air- plane landing at 45 m.p.h. needs a landing strip nine times as long. The inventor calls the channel wing the "greatest safety device known," flying as fast as pro- peller-driven craft and landing as slow as a helicopter. Custer achieved this amazingly low speed by evolving the " U- channel wing," a U-shaped airfoil. The two-day conference, which will open July 21, will also con- sist of a detailed tour through Willow Run and talks by Horace S. Gilbert, education director of the Chicago District of the CAA, and H. R. Waite, education di- rector of the Michigan State De- partment of Aeronautics. Read ... and Use Daily Classif ied Ads TO SOUND TAPS FOR PERSHING-First Sergeant Charley. Wycoff (above) of Carswell Air Force Base at Fort Worth, Texas, was alerted to fly to Washington, D.C., so that he may sound taps for General of the Armies John J. Pershing. The General oice said, t want no one but Charley Wycoff to sound taps." A vast milif.ary funeral procession is planned for the 87-year-old war hero tomorrow. Burial will be held in Arlington National Ceme- tery. Science iReview a- Latest studies on the effects of atom bombs place the emphasis on the blast damage, saying that radiation effects are not as potent and widespi'ead as was originally thought. Civilian defense measures will have to be directed more to- ward protecrion from the origina. flash of tremend ,us heat. * * * The physiologicai center of con- sciousness is in the middle of the brain, reported Tars. Thompson and Neilsen of the University of Southern California at an Amer- ican Medical Association meeting in Chicago. If this dime sized area in the very mlIdle of the brain is destroyed, as by a blood clot or tumor, the patient loses conscious- ness. Though he may live on for several days or even three weeks, he does not recover from his deep coma. The special kind of personality needed to become a politician is the subject of a new book, "Power and Personality," by Prof. Harold Lasswell of Yale University. The "political man," says Prof. Lass- well, is one who has an intense desire for deference which he ra- tionalizes in terms of public serv- ice or the public good. * * * A study conducted in Detroit and Chicago showed that soap operas, like old-time morality plays, are beneficial to the house- wife-listeners, and help to hold family life together. The radio serial tells stories which point out Thomas Runs' For Sixth Time Says 111i~iwls Will Nally to SocialliSt!4 (Conutinu e fr(i P I 3a t ) Despite the Progressives, the So - cialist leader is certain that his' party will draw more votes this year than ever before. But Thomas made it clear that he undertook this campaign with considerable reluctance. He fin- ally accepted his party's nomina- tion, even after stating publicly that he would not run again, be- cause they needed a name thaut would "get the party on the bal, lot." Is this the last time? "Good Lord, I should hope so," exploded Thomas. As far as the 1948 election goes, the clear-voiced candidate gives the Dewey-Warren combination a slight edve over the Truman- Barkley ticket. Journalism is "old stuff" for the perpetual candidate of the Amer- ican Socialists. He has been edi- tor of the World Tomorrow and associate editor of the Nation, and has written many books. Prior to his editing career, he spent seven years in the Presbyterian minis- try. Thomas will start his 1948 cam- paign in the far west and will probably wind it up in the mid- west. The tireless campaigner's schedule includes Ann Arbor. Fronti er A thority To Talk ott West Prof. Edward Everett Dale, of the history department of the University of Oklahoma, will speak on "The Romance of the Cow Country" in the Rackham Lecture Hall at 4:15 p.m. Monday. Prof. Dale, who has been cow- boy and ranchman, is the author of numerous books dealing with the history of the West, social and economic developments of the frontier, Indian life, and ranch life. He will give a second lecture, "The Indian and His Problems," at 4:15 Wednesday in the Rack- ham Lecture Hall. Educators Will Discuss Graduate Admissions Summer staff members and ad- vanced graduates in education will discuss requirements for ad- mission to graduate schools at a meeting at 8 p.m. Monday in the Rackham Amphitheatre. Several visiting educators will address the conference, which will be followed by a group discussion. A reception will be held after- wards in the Assembly Hall. COLLEGE ROUNDUP: MSC Students Abandon Classroois for Resort Studying in the summer need not be made up on long sweaty days in crowded clasroons at Michigan State ollege. Art students, at least, are for- titnate enough to have a pleasant resort, on Lake Michigan where they can study. Among the ad- vantages of the location, accord- ing to the Michigan State Spar- tan, are the cool breezes from Lake Michigan, swimming and the scholarly attire of the coeds -- shorts, bathing suits and plenty of sun tan. The Ohio State Lantern sound- ed-off recently against alleged re- strictions on academic freedom at Ohio State University. They lashed out in a front- page editorial against campus sources "who refused to co-opel' ate with student reporters at- tempting to get accurate facts and reasons behind the current WOSU policy of increased supervision of all student newscasts.' "We believe that this increased supervision may eventually lead to a complete 'muzzling' of stu- dent opinion," the Lantern com- mented. The Lantern labelled "sugar- coated," the reasons given by Pres- ident Bevis who said the Univer- sity desires to "review the scripts for all student briadcas." He called for greater accuracy in broadcasts . The University of Colorado is stuck with a student body of frustrated erstwhile firemen, ac- cording to the Silver and Gold, collegiate newspaper. It seems the local flame-chasers have a standard arrangement for calling out the entire men's dorms whenever a blaze starts. The men were called out twice in a week but both times, the fire- men had the fire completely ex- tingUished. * * * Life can be scientfic, At least, a Michigan State Col- lege graduate student is figuring the necessities of life to a cost margin so close he can live on 4 "peanuts." "cording to the Mich- igan State News. On a "peanut" income of $1300, lie is attending school and raising three children, ranging in age v from six to two, Ife does it by renting the second floor of lhis house to nine coeds, pedalling toc ant to a milk depot every night stsaves $35 yearly), by doing his own dry cleaning, having his wife do all the sewing and tailoring, buying food in quantity, not smoking and givingup virtually every form of social life. * *' * An engineering school dean, M. L. Enter, found himself "presi- dent for a iay," at the University of Illinois, according to the Daily Illini. President Stoddard and other officials chose the same day to be out of town leaving the job to Enger, the olcest dean on the campus. Sp eechi Parley Will Be Held I -q i good and evil in a way that or- dinary people can understand. Further, the average housewife leads a restricting, self-denying and unsatisfying life, and through the serials is given a chance to live vicariously in a way that pleases them. Geniuses share the widespread but erroneous belief that their lives will be short, reported an anthropologist after four years of investigation into the lives of 12,- 000 generally acknowledged gen- iwses. Famous cases of brilliant lights snuffed out by death too early are exceptions. Some gen- iuses, however, convinced that they are doomed to die young, have labored with demoniac en- ergy, with the result that they pro- duced their best work before they were 35. Stevenson To Address Unitarian Student Group Prof. Charles L. Stevenson of the philosophy department will discuss with the Unitarian Student Group "The Struggle Between Ab- solute and Relative Values in the Practical World. The group will meet for a supper meeting at 6:30 p.m. at the Uni- tarian Church, 1017 Washtenaw. Read.., and1/se Daily Classified Ads A conference for students and alumni of the Speech Department and others interested in speech will be held at the University Fri- day and Saturday. The conference will open at 9:30 a.m. Friday with a speech correc- tion demonstration by the staff of the University Speech Clinic in the Rackham Amphitheatre. Prof. James F. Curtis, of the State University of Iowa, and writer Lou Hazan, of NBC, will also speak. A reception in the Assembly Hall will follow, from 4 to 5 p.m. Prof. Alan Monroe, of Purdue University, will be the opening speaker for the Saturday session. He will be followed by a demon- stration debate, and a luncheon at which Prof. Rupert L. Cort- right, of Wayne University, will speak. Prof. Cortwright is the president of the Speech Associa- tion of America. hIOME jof 40OI)FOOD 41 8East Washingtlon QFAMILY-STYLE D 0"INERS . 01 Lunch 11:30 A.M. to :3) P.M. also,----____ High Class SMORGASBORD (Come and eat all you want) Daily, except Friday, 11:30 to 1:30 and 5:00 to 8:00 P.M. Sunday, 12 Noon to 6:00 P.M. Catering to Wedding Breakfast and Bridge Clubs t i CLASSIFIED ADVERTISING for the Avant Garde ... 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