i!!!!!lMonday, January 7, 1957 THE CAPITAL JOURNAL Sectiori 2 Page 6 Friendly 'Champ BUSINESS MIRROR Credited with putting the brake won't be in full swing for another month. on rising earnings for many com American Business Earnings For 1956 Edge to New Record panies is the increase in operat ing costs which in many cases has exceeded the hike in the prices of their products. Material and labor costs have been on the upgrade. Adding up the industrials with off-beat fiscal years that have al ready reported, the utilities re But in the early, inconclusive reports may be found an indica tion of the profit trend. And that would seem to be a recovery in the final months from the sum mer slump but still a strikingly lower increase In profits than bus iness enjoyed in 1955. In that year of lower cost of operating, business profits rose 32 per cent over the previous U months. high mark, although the gain over the previous year will be small. The margin of increase over 1955 dwindled steadily in each quarter of the year until in the summer months it approached the vanishing point. But fourth-quarter earnings after taxes appear 1955 by 13 per cent. The industry as a whole has thrived on in interest. 4th Quarter Earnings Reports of 59 utilities for the 12 creased demand for its products. months ending Nov.- 30 show all Put Profit Above Previous Year By SAM DAWSOV NEW YORK LARGER sales swelled in the final weeks of the year by the Suez Canal crisis. The Association of American Railroads, on the other hand, believes rail profits will trail by 6 per cent. Reports of the nation's big banks, now pouring in, show gains over the previous year ranging but five bettering their 1955 earn ings. Combined, earnings of the 59 increased 10 per cent. porting as of November, and the estimate for the railroads, there are 219 corporations with com bined earnings of SI, 831,874.460, compared with $1,808,241,770 in 1955, or a gain of 1.3 per cent. Thirty industrials whose fiscal years ended before December to have been enough better to had a harder time of it. Seven saw profits decline from a year ago, and two operated at a net loss. Combined, the 30 report 1956 profits of St73.539.042, an increase of 3.1 per cent over the $168,278, 327 the same 30 made in 1955. volume in the final months of 1956 appear today to have pulled bring the year as a whole into the plus column once again. Results are quite ragged, how ever, as between industries. MR3. MOSER DIES AT 87 PORTLAND W Mrs. Sara M Moser, 87, widow of the laU State Sen. G. C. Moser, died hen Saturday. American business as a whole a little higher up on the profit trail. Many more industrials must re port to give them the weiat they should carry in the compilation. from 10 to 20 per cent. They made money on the increased volume of loans on which they got higher first reports indicate that total The largest oil compan esti mates its 1958 net profit will top earnings will once again set a new Reports for the calendar year r r '-am -"' ? '" rl I '" w gWByyvy- - . i NEW YORK-Prince Tom III. new national cocker spaniel field trial rhnmn t-, .!!- . . ... ... I .., urla, .-,., ,ncs , gc, rlcn(ny ,, Vi. year-old Jeff Craver of West Islip, N. Y., here today but gets only an eyes-shut rebuff from the boy. Dog is In New York for obedience and field trial eihibition In connection with today's opening of the American Spaniel Club's 40th annual bench show. AP Wirephoto) Six Salem Students Listed as Merit Scholarship Finalists 7,500 in Nation Pass Initial Test Given To 162,000 Ten Salem-area high school stu dents have reached the finals of the National Merit Scholarships and now face a stiff three-hour college board examination on Jan uary 12. North Salem placed three and South Salem high as many more in the finals. They are Elizabeth A. Horn. Carol E. Mason and Mar jorie K. Simila, North Salem; GOP Leaders Won't Attend Holmes Ball PORTLAND (fl There appar ently will be few Oregon Repub lican leaders at the inaugural ball scheduled Jan. 14 at Salem for Gov.-eloct and Mrs. Robert D. Holmes. Wendell Wyatt, Republican state chairman, said he didn't expect any requests for the 100 tickets he had boon offered by the Demo cratic Slate Central Committee for sale at $5 each. Also, Wyatt paid, many Republicans around the stale "will have departed for Washington to attend the inaugu ratior o( President Eisenhower." "Had this been an affair of slate sponsored by the Salem Chamber of Commerce, the Central Labor Council, or any other non-pohtical crouo" Wvatt said, "there no doubt would be a great deal of Interest among Republicans. But with the Democratic State Cen tral Commiltec doing the honors It is doubtful that Republicans will contribute to this private affair. Holmes has announced that he. too. will attend the President's inauguration, leaving Salem the day after the ball. John M. Harvey. Charles A. Lot gren and William L. Richter, South Salem. The list also includes ' Bernard L. Feiss and Homer H. Hagius, Mt. Angel Seminary high school; and Trudy K. Donnelly and Mi chael G. Owen, Albany Union high. On a nation-wide basis, 7,500 high school seniors survived the initial tests given to some 162,000 students. At stake are more than 700 four year college scholarships, many of them sponsored by business and industrial corporations. Included arc 100 Sears Roebuck Foundation merit scholarships and nation-wide programs sponsored by such com panies and foundations as Pitts burgh Plate Glass, r . W. Wool- worth. Standard Oil (Indiana), In ternational Nickel and many oth crs. $19,604 Given For Yule Seals Reminders will be sent to per sons who have not made returns on the Christmas seals sent to them in early December, reports C. Sam Samuel, chairman of the campaign. In many instances the seals were laid aside during the Christmas rush, Samuel believes. The campaign chairman said that contributions to date total 519.004. The money will be used by the Marion County Tuberculosis and Health association in its efforts to locate new cases of tuberculosis as well as control those that have been discovered. Car Crashes Into Bedroom; 2 Hurt PORTLAND un An automo bile crashed into the bedroom of the home of Mr. and Mrs. Ray U k'ninnnl parlv SllTlHaV. knock ing them out of bed and knocking the house oil lis tounoaiions. The Knippels suffered minor leg and back injuries. The driver of the car, Ernest L. Grubble Jr., 19. of Princville. was not hurt. Officers quoted the youth as saying that he dozed off while driving. Paslor Urges Jusliee Prohe PfiPTIAwn IPi The Rev. Richard M. Stciner Sunday called for an invpstipnlinn ol tne nenal- ties imposed by various judges gnQincI Inwhrpakprs. He said that the City Club, a study group of Portland business men, should look into tne suua Talking from his pulpit Sunday morning at the First Unitarian Church here. Dr. Steiner- also called for Mayor Terry Schrunk to organize a citizens' advisory commission on crime prevention. "Such a commission might pay particular attention to the prob lem of juvenile delinquency which has become threat and menace to this community," he said. In the course of his talk, he disclosed that he was one of a group of civic and religious lead ers recently named by Schrunk to make recommendations for a new police chief Rights Hassle Due in House In Two Weeks WASHINGTON W Congress' fight over civil rights proposals seemed likely today to break out again in about two weeks, this time in the House. Chairman Celler (D-NY) of the House Judiciary Committee said in an interview that civil rights bills have "No. 1 priority" with that group. Speed is the keynote of strategy worked out by Celler and other House backers of such legislation. They made their plans even be fore likeminded senators, as ex pected, lost a fight last Friday for a rules change that would have made it easier to curb fili busters. Southern senators have used the filibuster, or endless de bate, to kill civil rights bills in past years. A coalition of House Repub licans and Democrats from the north and west hopes to get civil rights legislation through the House quickly. Then, they feel. chances would be improved for bringing the issue to the Senate floor early enough to make a fili buster as long and as difficult as possible. ' The House begins today the process of organizing its commit tees. This usually takes 10 days or so. Once the judiciary committee is able to meet, Celler said, a week should be enough to act on civil rights legislation, the groups sen ior Rep. Keating of New York, agreed in a separate interview that only a minimum of hearings would be needed. John Jacob Dies Monday SILVERTON (Special) John Jacob, 90, died ' Monday at his home on route 3, near Silverton. Funeral arrangements are in charge of Ekmans with announce ments to be made later. Born in Switzerland, John Jacob had lived in the same area for. the last 46 years. Survivors include his w i f e. Rosette Jacob; a son, Hans Jacob; and a daughter, Mrs. Fred Stadeli, all of the Silverton area. SURGICAL SUPPORTS Of All Kinds. Trusses, Abdominal Supports, Klastic Hosiery Expert Fitters Private Fitting Rooms "Ask Your Doctor" Capital Drug Store 405 State Street Corner of Liberty Hrrtr Green Stamps I ""t- s- :r.-T'T"Tznac cousCi'ftoo' I ' '"Ti 0000 t I I ne xr ...u DAYC .MM WIICIC SUVlliy i nm Current Rate 3 per annum rirsi reuerai savings And Loan Association CONVENIENT DOWNTOWN LOCATION 129 N. COMMERCIAL Reg. 3 for 35c CAMPBELL'S TOMATO SOUP TOMATO Here's a terrific savings you can't afford to pass 10"OZ up. Stock up now at Safe way and save morel jf) 1 Reg. 29c DENNISON'S With Beans CHILI CON CAM $j00 For fast, easy to prepare meals at a special low price, it's Dcnnlson't. Each 21c S16-oz. tins BREEZE CHEESE 791 Breeze Cheese Spread is smooth and creamy. It's wonderful with sandwiches or casseroles. Mb. Pkg. SAFEWAY ... your $ST place to save? FRESH BREAD LUCERNE 3.8 22 Each 30C Extra rich Lucerne 3.8 "Bo nus" quality, regular or homog enized milk is tops for flavor and quality. Quart Cln. Prices in this advertisement ore in effect through Wednesday, January 9th, at Safeway in Salem. All items guaranteed 100. 0-CEL 0 SPONGE Save 3c on No. 2 C Medium Site SPIC 'N' SPAN ":29c Cleans Twice as Fast BEAUTY SOAP 3 29c Colgate Deodorant BEAUTY SOAP 2 2 37c Colgate Deodorant Mrs. Wright's wjiite or whole larflg wheat. Every loaf Is extra fresh. Save 2c on each loaf. LOdf TUNA FISH Torpedo brand Is light meat grated. It has that ocean-fresh flavor. (ill RINS0 BLUE 28 2t 5 m'j. 83c Wonderful "Kitchen Fresh" MELROSE COOKIES Oatmeal Iced Coconut Sugar 14-oz. OO' Pkg. Al No Bluing Necessary IVORY FLAKES Washes Clothes Whiter Pkg. 35C TOILET SOAP Camay for Beautiful Women 2E27c PALM0LIVE Mild and Gentle Soap 2 'a'! 27c IVORY So Pur If Floors 2T29c STARCH Quick Elastic 15c DUZ SOAP '- 83c I)ui Does Everything "AD" DETERGENT 33c For Automatic Washers FLUFFY ALL 75c So Mild and Gentle - JOY LIQUID Perfect for Dishes 7-M. Boffla LUX LUX Toilet Soop Toilet Soap 3 "Z 29c 2 'g 27c CASHMERE BOUQUET 3 29c LIFEBUOY SOAP 3 32c A Delightful New Fragrance . TOILET SOAP 3 S 29c Sierra Pine Keal Pine Fragrance SWEETHEARTS 30c 4 -42c Mild Soap lc Sale WHITE KING ':73c Favorite Soap of Millions HERE'S A PERFECT COLD WEATHER COMBINATION Featured Now al Vow SAFEWAY Firm. Solid Htids bar, Ona Pirltcl lb 05 "USD CHOICE" Aged lor Flavor LB. ib I Made of lean, tender chunks fftW ! . of flavorful beef . It's always sCTl I fresh ... always at the peak Jl T 1 of goodness. ID. mm 1 j 1 STpST" f Manor House Fresh 8-01. Q' I Frozen -Chicken pjes C B a I Beef -Turkey J 1 .. n f "U.SOA. Choic. ICj I Boiling Beef i ,b I K "ChoU." Barf, Bl.d. Cut I P0t ROOSt ArmCu.lb.55t ,b I - tf. "U.S.D.A. Choica" i Bee. Stew U7" Weiners ahm... Pkg i 1 " POTATOES U.S. No. 1 Premium Select 8 10 79 Bag Cauliflower Cucumbers Apples ::::: .b. 19c ... 19c 2 ib. 25c Lettuce n f : urapeiruiis.tdi.si b.9 Turnips Ariiona 8-lb. A Tops For 1 A. Wlnt.r Meal. lb. IUC Nob Hill Coffee Z $1.02 $2.03 Airway Coffee 95c $1.89 Edwards Coffee $1.07 $2.13 Tree Tea w-'-'"' 48bupk. 59c Graham Crackers Sug,rnontUPkt, 37c Krispy Crackers SaDMa' ub.vU. 29c Oyster Sfew W'1B"" 101i1ie 29c Tuna Fish wh,to su" Bite , , 29c Uncle Ben's Rice touPv(. 39c Cream of Rice Hotc"Ml 39c Salad Oil M,y,I,'Brnd Royal Safin short""ng Margarine Sunn,b,nk "Sudsy" Ammonia Vo.bott.. 17c 4 BVr. 42c 18 oi. pkg. Quart bottle 66c S lb.ean 83C iib.Bkf. 29c Woodbury Soap ,cS,e Dog Food Dos,B No. 1 can 17c TREND LIQUID For Dishes and Fine Fabrics 2 cant 59C POWDER ROOM 4': 53c Soft Toilet Tissue M0DESS 2T85c 8anlUry Napklni WESSON OIL 69c Pure All-Vegetable Shortening CRISC0 SHORTENING 1 99c America's Favorite All-Vegetable TENDER0NI 2?; 25c Famous Van Camp Brand CLEANSER 2 : :30c Old Hutch Save 3c Each MARGARINE Z 31c All Swprt Brand SAFEWArS yourfSpldceJvil 33c 19c G7C I