Capital journal. (Salem, Or.) 1919-1980, January 07, 1957, Page 17, Image 17

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    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