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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 3, 1936)
BEDFORD MAIL TRIBUNT:, MEDFOKD, OREGON. FRIDAY. JANUARY 3. mCx PAGE FIVE SEE CONTINUANCE OF Prospect For New Year Bright Is Concensus Of Railroad, Steel, Rubber, Bank, Other Chieftains (By the Associated Press) Business leaders, viewing 1939 in the light of generally Improved con ditions In ' 1935, express belief that trade has started an upward swing which will continue through the new year. Statements given The Associated Press by leaders In trade and Indus try follow: Carl R, Gray, president, Union Pa cific system : "Western rail traffic has shown a material Increase in volume In 1935 over 1934. This is particularly true with respect to westbound man ufactured com' m o d 1 1 1 e s, in dteatlng I t r o n g e i purchasing pow er. .. . "Railroad e x- penses are high er both In wages a and In price of I materials, but CARL R. GRAY the last half of 1936 has Indicated the ability of the railroads to resolve a greater pro portion of the Increased gross Into net and this will be especially true as the volume of gross Increases. "Railroads generally are spending more money for maintenance and for general repairs to freight cars, and there Is soma prospect of purchases of freight and even passenger cars which, to the extent that it mater ializes will provide much needed en couragement to the heavy lndus- tr'es. . . . "Passenger business has Improved materially throughout 1935. Wide spread air conditioning, lower fares, faster schedules, streamlined equip ment, popular priced meals, and many innovations contributing to the con venience and comfort of passengers . are bringing people back to the rails." ' T. M. Olrdler, chairman and presi dent. Republic Steel Corporation "The rate of operations in the steel Industry In 1935 was at 47 per cent of capacity compared with 37 per cent In 1934 and 30 per cent in 1932. the low point of the depression, "The Improvement which has tak en place appears to be the result of natural economic forces sufficiently strong to take effect in the face of political uncertainties and the lack of any revival in the durable goods Industries. "Perhr the most significant phase of the progress of the iron and steel industry In 1935 was the Im provement which took place In op erations after the steel code was end ed by the supreme court. Production of steel in the last half of the. year, contrary to usual seasonal trend, ex ceeded that for the first half by a good margin." P. W. Litchfield, president, The Goodyear Tire & Rubber Co.: "Out standing In 1935 were the substantial upswing In American busi ness and the be ginning, through oouri decisions, of a trend hnrk to traditions' balances in gov ernment. "The new year, 1930, offers essential ele ments necessary for additional and substantial business r e c o v ery. There Is a definite need for greater production along almost all lines. Also there Is an accumulation of reserves at hand for the purchase of this Increased production. Under , more normal conditions these obvious elements would Justify a high de gree of assurance In forecasting in creasingly good business. Two factors of uncertainty are also presented, however. Oi.e is the coming election with Its attendant political campaign of bitterness and exaggeration. An other factor ... Is the situation in Europe with Its ominous mutterlngs of war. If we keep out of any foreign wars, there will be more people with more money In the market." A. P. W. UTCHF1EID Robert V. Fleming, president, Tne American Banksrs' Association: "Aa the year 1935 closea there Is unquestionably prevalent among the people generally and among busi ness men In the retail trade, par ticularly a conviction that the nation it definitely on the way out of the depression toward a return to nor mal business activity. There has been 'an Increase of ability and willingness to ipend among farmera and wagr earners which has resulted In an expansion In retail trade, and all pr?ent con ditions Indicate that during the year 1936 activity In these lines will con tinue and even V) a somewhat great er volume. "During the year there have alto been moderate Increases In heavier Industrial production, but not of suf ficient volume to appreciably In Increasing employment of those formerly employed In the heavy In dustries. In my Judsnwnt, a major factor In bringing about greater business activity In these lines would be to remove aa far as possible any uncer talntiea surrounding the rules under which business la to operate. "Furthermore, business needs aa scurance that the tncreaslnj costs and expenditures of overnmnt whether federal, slate or municipal. S.WCJ U1 tesuJt la (te.tef uses, shall bn brought unde more definite control. "With respect to the position of banking in the business outlook the passage ot the banking act of lyS5 has, J blieve, for the present, set tled the Question of any inccvtaln tlet In the minds of the Dar.t-.cis of the nillcr. Bankers feel thai n gen eral they uow know the nil, under which they are to operate." Edward O. Seubert, president, standard Oil Co. (Indiana): "Aa In many other branchea of business. 1935 has been a relatively good year for the oil Industry. De mand for prod ucta has in creased more than 6 per cent, stocks on hand have been re duced, and pro duction has pro ceeded along reasonably sound lines. The "hot oil" factor EDWARD 6-. SEUBERT has ceased tc be as Important as formerly. Manufacturing and trans portation operations have suffered no unusual disturbance. In the mar keting branch there Is still plenty of trouble, with some progress be ing made toward solution. "While earnings of the oil busi ness have been far from an adequate return for service rendered, they have increased enough to give causy for better feeling. "Progress in science, engineering and sales technique lu 1935 has In creased our knowledge of oil, im proved operating methods, made bet ter products and service possible. "The traditional bugaboo about presidential years being bad for busi ness is a cloud on the horizon of 1936. If the revival of mass confi dence continues as In the last few months. It should overcome any such handicap." Grant Simmons, president, Simmons Co.: "We expect a sharp upturn In volume during the year of 1930, believing that the upward trend of the past six months in home furnish ings will continue unabated. Accord ingly, we are expanding advertising, sales and merchandising activities." Joseph Wilshlre, president Standard Brands Incorporated: "I believe 1935 will take Its place as a significant ness history of the country. "si "An Interest ing point that In the de pression the food industry did not experience as great & decline as other lines nox. an wings :&grXi&E3f considered, be as josfph wnwtDc spectacular as In some other lines. the food business j will probably t "Economical buying habits ac quired by the housewife since the depression In business will contrib ute to the alow recovery of the food business. "Our business turned definitely upward during the last six months of last year and indications are that, barring fundamental interruptions to business in general, this upward trend should continue. I definitely feel that the food business Is on a sounder basis than It has been for some time. "There has been a noticeable Im provement in the demand for quali ty foods, which Indicates Improved purchasing power." V A 1 John O. Lonsdale, chairman of the board, Mercantile - Commerce Bank and Trust Co., St. Louis, Mo: "The year 1935 has been better, from the point of view of busi ness, than 1934. It seems reason able to antici pate that 1930 will be better still, unless pres idential and con gressional c a m- nUh t.h n a r n differ- W ences of opinion they accentuate, should retard JOHN G. LONSDALE natural progress. "Many conditions today are favor able to progress. The results of im pairment of production have given us many vacuums to fill, and much obsolescence to overcome. Given a fair chance, these will powerfully stimulate Industry and trade. "No forecast can 'afford to Ignore the relation of the exercise of the taxing power to business and social welfare. The government's right to tax is a sacred right. It comes Just after the government's duty to pre serve the liberty of the Individual. The proper balance of the two must be preserved, or the exercise of the taxing power may be found en croaching on individual liberty. Tax ation should be scientific, and nonpartisan." minutes, all the way down my check list of business factors." li Alfred Reeves, vice president and general manager. Automobile Manu facturers. Association: "For the first time in Its his tory, the automo bile Industry is entering a new year under 'full W$ steam.' In mark- other y a? i when January and February were the months when car-makers brought out their -1 new models and stepped up pro- ALFREO REEVES ductlon sched ules in anticipation of spring buy ing, practically all factory assembly lines are now operating full time. "This, and the fact that the indus try finished the year with one of the strongest fourth quarters in hlstcry (exceeded only by 1935) are results of the plan initiated by the automo bile manufacturers within the last year to reduce seasonal fluctuations In production operations. A major feature of this plan was the Intro duction of new models In Novem ber two months in advance of the traditional period for their debuts. "Buying of new cara during the last two months and the necessity of providing stocks for dealers has given such a stimulus to the Indus try's operations that 1935's output Is expected to exceed 5,150,000 units, which, while it Is a 45 per cent in crease over the previous year and nearly three times the 193a output Is still about 26 par cent under the 1929 figure. "Increasing demands for trucks and buses brought the year's output of commercial vehicles up to approx imately 760,000 units slightly less than the record of 1929. Exports also were strong, accounting for a vol ume of approximately 550,000 cats and trucks which pot only repre sented 13ifc per cent of the Indus try's total output, but was an In crease of 39 per cent over 1934." James R. Lea veil, president. Con tinental Illinois National Bank and Trust Co. of Chicago : "Figure-wise and otherwise I find business better. Moreover, In Gpite of problems, both at home and abroad, there's reason enough In the sustained Improve ment throughout the past year to go on record with the belief that 1930 will show further Improvement. "Banking conditions in Chicago and the middle west are not essen tially diixerent from those elsewhere larger deposits, excess reserves, low ' rates of Interest, commercial loans lagging behind business Improvement, bankers desirous of making loans to sound business, no present evidence of speculative use of bank funds, holdings of government securities still the chief source of bank Income. But sentiment of business men and bank ers Is better and In due course this should translate itself Into busine&u borrowing "All told, I find pluses rather than 240.000 SEALS SOLD GRANTS PASS, Jan. 8. (Spl.) The tuberculosis Christmas seal cam paign has closed, with a total of 20, 000 ceals sold, making a sum of $240 received for tne tuberculosis fund in 1935. Although the campaign Is clos ed the committee Is still receiving contributions from the many letters sent at the beginning of the drive, of which some 200 have not been re turned. The total sales last ' year came to only $181 and since only two thirds of the rural districts have reported It is likely that this year's total will Increase. Use Mail Tribune want ads. TRADE TREATIES WILL HELP COAST CLAIMHFFICIAL Europe Is Big Market for Western Products De pression Not Solely Re sponsible Is Assertion PORTLAND, Ore., Jan." 3. (AP) The program of reciprocal trade agreements. Dr. Henry F. Grady or Secretary of State Hull's office de clared today. Is the only salvation of the Pacific coast's trade with Europe, A forthcoming treaty with France, and other European nations, will bol ster fresh, died and canned fruit ex ports, and fish exports, he told cham ber of commerce members. "If we didn't have this program, under which 18 treaties have already been announced as pending or con cluded, our European trade would be virtually eliminated aa far as the Pa cific coast la concerned," he said. Europe Ittg Market "Europe is your big market for fresh, dried and canned fruits, for canned salmon and pilchards." He said Pacific coast exports de creased 65 per cent from 1929 to 1932. Nine agreements have been signed and all but one, with Columbia, rati lied. He predicted the Columbian parliament would ratify it shortly. Opposition from lumber interests to the reductions in tariff and excise tax on Canadian forest products has largely subsided. Dr. Grady said. The depression was not solely re sponsible for America's loss of 65 per cent of its $10,000,000,000 annual ex port business, he continued. "Europe la our chief buyer, and Europe as a market has been shrink ing rapidly. Nearly every country has been cutting down Its imports, not only cutting them, but diverting them the United States, Not Hujing Enough The reason was that we were sell ing them too much and buying from them too little. They not only went at the problem by erecting tariff bar riers, but they also found many new methods of barring our products by quota systems, foreign exchange allocations, balancing, which means they would buy from us only as much as they sold to us. "Therefore the more reduction of tariffs in our favor mean little, and the system of trade agreements Is about the only efficacious way of solving th eproblem." The agreemem system may eventu ally prove the means of solving agri culture's problem, he said. Use Mall Tribune want ads. Chevrolet Offers $20 Bonus On All Old Cars Junked DPTROIT, Mich.. Jan. 8 (AP) To atlmulate aalea of new anto mobllea and late model used cara. the Chevrolet Motor Co. announc ed today rt kad set up a 1,000.000 fund from which Its dealers will be paid 20 for every old car taken In trade and Junked during Jan uary. The company also said It would pay boinisra to Ha dealers' salea men who sell more used cars dur ing vJnnuary than In the aame month of 1034. M. E. Coyle, president of the Chevrolet, aald the fund not only would aid the sale of late model used cars, but would taie many unsafe vehicles off the highway. FIvn Wlsime OPENS LAGER lOW, wherever the talk is about beer you hear it said: "There's something extra good about SCHLITZ LAGER!" Many ask us: . . . "How do you keep this beer so clear and brilliant?". . ."So fragrant and fall-bodied?" Here are the answers: SCHLITZ LAGER is highest quality beer, specially lagered . . . just as good a beet as we know how to make . . quality untampered for the sake of price or profit. Next . . . the Cap-Sealed Can . . . lined like a Schlitz barrel . . . protects this grand brcW. . . keeps it clear, brilliant . . . holds in every bit of draught flavor and bouquet from the brewery to your glass. No wonder they're saying "Something extra good." YouH say so, too. ADVANTAGES OF NfW CAP.IIALI9 CAN No drposiU; no returns; cools quickly; utm apace; holds 12 ounces, same as brown bottle; clean because outside of can is not punched into beer; safe because no sharp tools needed to open; poun perfectly. Gold Chevron Ball Among Gay Affairs On New Year's Eve The Oriental Gardens was the scene of one of the gayest dances on New Vear'a Eve, the occasion being the annual Gold Chevron ball sponsored by the local post of the Veterans of Foreign Warn of the United States. Music waa furnished by Whipple's orchestra and during the evening serpentines, horns and caps were furnished to promote the carnival spirit. As the old year was waning the orchestra struck up "Auld Lang Syne" and the dancers Joined In the singing. On the stage just before midnight Old Father Time made his exit, carrying his scythe and hour glass and at the stroke of twelve. Miss New Year. In the per son of little Miss Beverly Blrk of the Eve Benson studio of the dance burst through a large clock and did a song and up dance specialty and wished everybody a happy new year. Tills was followed by the orchestra striking up "Hall the Gang's All Here" and the resuming of danc ing until 3 a.m. Commander George Codding ot the local post expressed himself as well pleased with the affair and ex pressed thanks to Chairman Fred Knox and hla aaalstants, as well as the general public, for their gen eroua aupport. SALEM, Jan. 3 (AP) city Build ing Inspector K. C. Bushnell yes? terday Issued the S70.000 building permit for construction of the new blind school dormitory here. V. P. W. OFFICIALS COMING 10 OPEN POST IN ASHLAND Walter A. Phihlpa port No. S423. Veterana of Foreign Ware of the U 8., will be Instituted at the Odd lowa hall In Ashlnnd. Saturday at 8 p. m. The post la named In honor of First Lieutenant Walter Anderson Phillips of Ashland, a United Statea army aviator who waa klllrd In com bat by Orrman planes. October 10, 1918. and waa the first boy from Ash land to fitve his life for his country. Stat Commander Dwiht B. Alder rnsr Portland: Stnte Senior Vice Commander R. L. Preston, Roneburg; Stat Junior Vice -Commander John Suellstrom. Eugene: State Adjutant O R. Cochran, Portland; State Dep uty Chief of Staff B. R. Brooks. Oranta puss; I. D. Canfield, district commander of Med ford, and William Ludwlg, state district Inspector of Medford. will be there to Institute the post end Install off teem. Dele gates from poets and auxiliaries of Klamath Falls. Grants Pass, Brook ings end Med ford will be present. The delegation from Mod ford will be accompanied by the ladles' rum corpn of the auxiliary of Crater Lake post. After the post Is Instituted and floers Installed, there will be a social hour, followed by refreshments. Commander Oeorpe Codding of Crater Lake post, Med ford, extends an Invitation to Colonel Sargent camp. Spanish-American War Veter ans; post No. 15, American Legion; Jackson Countv chapter No. Z Dis abled American Veterana of the World War and their auxiliaries to attend. Take l iiexjiecled Trip. ASTORIA, Ore., Jan. 3. (AP) Captains Michael Nolan and A. A. Langkllde took an unscheduled sea voyage this week. The pair, both ; bar pilots, was aboard the La Purl-! slma, bound for Oraya Harbor, Wash., when heavy seas prevented the pilot boat here from returning them ashore. They returned byalsge. Forester In 8nwsliup. BEND, Ore., Jan. 3. (AP) Carl B. Nesl, supervisor of the Deschutes national 'Teat, waa in a hospital here today recovering from Injuries received when his automobile skidded In the snow and struck a tree be nlde the Willamette Pass highway. Mrs. Neal a. so was slightly Injured In the crash. . MILLION SEE FLOATS PASS IN REVIEW FOR PRIZES AT PASADENA PASADENA. Cat., Jan. 9.-iA flowery greeting to the New Year at 1938 became a meiwory today aa Pasa dena started planning for another Tournament of Roses, January 1, 1037. More than a million persons saw history depicted In 71 floats In the annual floral pageant Wednesday. The governor of Texas. James V. Allred, was grand marshal. South Pasadena, telling of LouU XVI 'a courtship of Marie Antoinette at VeraRil!,, won the aweepstakea prize. A gold st.r. emblematic of Amer ica's loss in the death of Will Rogers, gained the grand prize award for the Untfed Oil ompajiy. Aa bent presenting the tournament theme, history In flowers. "The Pil grims" float entered by Olendate was honored. The Texas Centennial exposition woa represented by "Remember the Alamo." winning a special award, aa did floats from Portland, Ore., and Australia. Long Beach was first among the larger cities, followed by Los Angeles ana San Francisco. EEAVERT0N ROAD CREW DISCOVERS ORE LEDGE BEAVERTON. Ore.. Jan. 3. (fty Ore unearthed by a WPA road crew near here assayed rich In gold and silver, Mayor A. E. Wilson said today. The tract on whloh the ore waa found Is owned by Attorney Joe Woerndle of Portland, he said. The clty'a executive also said he had sought the ore ledge for four years since workmen digging the city's 700 foot well unearthed pa -dirt. 4 For Hose that Wenr buy NOLDB & HORST Ethelwyn B. Hoffman. DONTGETUPNIGHTS MAKR THIS S.V. T'SST Use Juniper oil, Buchu leaves, eto., to flush out excess acid and waste matter. Get rid of bladder irritation that causes waking up, fiequeni de sire, scanty flow, burning and back ache. Get Juniper oil, Buchu leaves, etc.. In little green tablets called Buketa, the bladder laxative. In four, days If not pleased go back and get your 35c. Get your regular sleep and feel "full of pep." Heath's Drug Store, Jarmln Drug Store. holds 12 ouncis Sams as thc famous schutz brown ottli IMS, J. ft. K. Ca The Beer That Made Milwaukee Famous IW WHEN voo we.w.' iT4-00NOOr43jrt Dr. Watson Sr. BAKER It BAKEB. INC., N program it being broadcast by y WESTERN THRIFT STORES You don't Inive tn wait till niiuii to hear our prices crnsliliiff down, Kni-h morning starts with s rlt-ar oiiiiriinj( high note In value as Noon fin our doors open. For Instmire, how do these definitely lower prlres hit your thrifty ear and your pocket book? m Pipe ) Regular Pl $1.50 p 69c aaaisaaaaWaataW Park Royal CLEANSING TISSUES Close-Out 150 Sheets Blue Boar n TOBACCO Regular $2 25 FULL POUND 29 COLD SPECIALS 35c Papes Cold Comp. . . 29c Upjohn Cold Special 100s 63c 35c Bromo Quinine .... 24c Aphco Nose Drops 33c 2-gr. Quinine Caps., 1 dz. 17c 25c Bronchilyptus .....19c Pine Tar and Honey. .. .39c Squibb Aspirin (200s) . . 69c 25c Chamberlains Cough Syrup . .19c Throat Gargle (Stearns) 19c SUNDRIES $1.00 Criterion Watch.. 84c Electric Toaster ... . ...... .98c $1.00 Thermos Bottle, pint ...... 79c Penguin Alarm Clock. $1.09 Mineral Oi!, gallon . . .$1.29 ScotTissue, 3 rolls . . . . .20c Salted Peanuts, pound.. 15c Soap, box assorted ..... .9c Absorbent Cotton, pound 29c FREE! Calendars FREE! MM'MmmilkB 29 I PAN A TOOTH PASTE 50c Cent Size 31 Citrate 'Magnesia II 12c If it Tid i J 13 II .! 4 H M i;aMMatr,aafaaxaaaMaaaauaataaiaaWWaMaaa MnsMSWVaaa0wvTOt m i ii mm in in in
