Image provided by: Chetco Community Public Library; Brookings, OR
About Brookings-Harbor pilot. (Brookings, Curry County, Oregon) 1946-1978 | View Entire Issue (Aug. 29, 1957)
THURhDAY^.AUGUST 29,,195? BROOKJNGS— HARBOR P IL O T FAIR SISKIYOU RECEIPTS OVER $2,000,000 Net receipts from the 19 nation al forests of the Pacific North west Region were a record b n be ing total of over 56 and one-half million dollars for the fiscal w a r ending June 30, according to R* - gional F o rester J. H erbert Stan This was approximately 2 m illón dollars greater than the record for th< preceding fisc a. year. Th« Willamette Nations. Forest topped all other A reata in O re gon and Washington * ith recei^» totaling $9,914, 296.36. Five na tions. forests In Oregon and 3 in Washington had receipts over 3 million doilare. In Oregon, in. addition to the Willamette, they were Umpqua $5. 396, 80$. 64c Sius.ii* S-i. 694, 055. 62 Mt ttxd $4,190,536.1?; anc, De&hutes, Agricultural products displays, flower shows, poultry and antm. al husbandry exhibits, a horse show, and a night revue, featur ing the Antes Brothers, will be among th*- highlights of the fair' slated for Salem August 31 to September 7. Horses * ill race every day ex cept Sunday. The midway will have rides for child re rand adults and concessionaires will serve food anddritks and sell novelties, $5,022,539.35. In Washington Gifford Pinchot National Forest led With $6,105,414.55 followed by the Olympic with $4,705,450. 45, and the Mt. Baker wuK $3, 770,938.88. Siskiyou National Forest re c e ipts were: $2,310,988.86. THE BUSINESS 'SCENE Buslness s p e n d i n g for new plant and e q u i p m e n t is the heaviest in history. Meanwhile, however, there Is a growing surplus of existing production capacity. Some cushion of unused man ufacturing facilities Is healthy, and is so regarded by most businessmen. Material short ages such as those of 1955 ( and 1956 to a le sse r extent) do not contribute to a smoothly func tioning economy--buyers may be forced to pay prices far a- bove the market for immedia te delivery of goods in sparse supply, or even suffer plant shutdowns for lack of m ater ials. POUR YO URSELF A GLASS OF t — n jin )M ? r. • ,» •» M ttre Cane«*, »orti»»« O r ,,o» A number of economic devel opments might result from this moderate over-capacity in non- ferrous m etals, paper, petrol eum products, consumer hard goods, and steel products. Productivity, or output p er- man-hour c o u 1 d resume its upward trend with consequent benefit to our general standard of living. M a r g i n a l , perhaps obsolete, plants must be oper ated during peak demand p e ri ods (such as 1955 - 1956), but manufacturers today may con fine themselves to their newer and more efficient facilities. Over-capacity also means less need for expensive overtime bills, and little necessity to purchase materials at premium prices. Inventories of raw and finished cr^ods may be reduced are available on short notice , Inventory carrying costs are quite substantial in these days of high interest rates. slower rate of additions to man- Over the longer term, indust rial management might plan a ufacturing capacity. a diversion of the n a tlo h ' s financial re sources toward the depressed r e s i d e n t i a l housing market might be a logical result. Economic growth, however, has again and again converted the surplus manufacturing facil ities of one period into inade quate facilities a short time later. It Is our belief that most businessmen will refuse to be frightened by temporarily idled plants and that they will con tinue to plan for growth. Acc elerating technological change, furtherm ore, is a convincing reason for construction of new plants even where existing ca pacity seems quite adequate. ------------- --------- ------------ indicated that some workers may be disturbed by scattered lay-offe, plant shutdowns, low e r overtime pay checks, and higher prices. The Michigan survey showed consumers to be considerably less optimistic th an at any time during the last two years although they could scarcely bt described as gloomy. Two third - of the consumers polled felt that economic conditions would continue to improve in the next twelve months. Furtherm ore, far more consumers feel that it still Is a good time to buy. The business scene is revipw ed weekly by the Research De partment of J. Henry Heiser & Co., Investment Managers, with offices in principal West Coast cities. The average consumer is un likely to gam er im m e d ia te benefit from the nation's cur rent over-capacity. Prices may be pared somewhat in highly competitive industries, but the excess capacity is not nearly serious enough to cause wide spread price reductions in those key industries typically char acterized by stable price stru ctu res—steel, aluminum, ce ment, etc. The consumers attitude to ward the situation is worthy of some comment. A recent re port by the University of Mich igan's Survey Research Center FO R Y O U R . NEEEDS CO N SU LT Brookings OLDEST AND LAKES! AGENCY see or call F a u e r s o - Le s m e is te r A gency, Ijoc. Box 1188 B r o o k in g s , O re g o n P hone 5411 - 5412 NOT/CE. EFFECTIVE SEPT 1 st . 1957 A SERWCE CHARGE OF ! O t W/£L R E /RARE FOR CASHM/O CHECKS ETHER THAN THE CORRECT AMOUNT OF PURCHASE. • P/MMICK BROS. ‘Cm°K MMMFT • HfiNSCPMS CENTER ‘ •NEMO MKT. ‘MMTS ATT.
