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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 19, 1942)
PAGE SIX MEDFORD MAIL TRIBUNE, MEDFORD. OREGON, FRIDAY, JUNE 19, 1942. Watch Your Investments Babton Discusses Industrial Outlook Hero Back In the Army New York City, Juno 19 Onco year I Ilk to iv readers a brief return of soma of tha varloui leading Industries. I am arranging these, however, alphabetically rather than In accord ance with their Immediate Importance as they are changing their relative position each month. Following are my condensed analyses: Industrie For Consideration Agricultural Equipment An essential Industry. Profit! satis factory, dividends liberal. Farm pn jperlty should maintain post war aalea. Automotive Practically en tirely converted to war produc tion. Profit margin down. Taxes up. War-end outlook favorable. Aviation Outlook for menu facturlng companies poor. Planes will be "a dime a dozen." Trans portation units should boom after tha war. Banks Assets approaching new highs. Low rates and gov ernment holdings make earnings moderate. Prices low in relation to book values. Building Slump In residen tial construction and inability to convert to war work have caused revere Inflation. Should boom at war's end. Chemicals Vulnerable to ex cess profits tax. Industry In growth period aided by re search. Has Inflation merit. Subject to competition. Dairy Products Aided by government and lend-lease or ders. Noted for stability. Income and increasing volume. Post war exports uncertain. Department Stores Shortages, rationing, and price freezing offsetting large consumer de mands. Immediate outlook poor. Peace would reverse picture. Electrical Equipment Sales at record highs. Earnings good but subject to heavy excess profits taxation. Capitalization Increasing. Renewal of appli ance business and post-war ex ports will help cushion after war adjustments. Finance Companies Hard hit by elimination of consumers goods and restriction! on credit. Post-war outlook favorable. Fire Insurance A basic ne cessity. Not materially affected by wars, booms, or depressions. Conservatively managed. Excel lent dividend record. Gold Mining Suffering from government control of money, high taxes and operating costs. Immediate outlook clouded; but should come back with after war inflation. Grocery Chain a Excellent management. Very stable. Act ing well marketwlse. No great growth ahead but the Industry well balanced to meet prob lems of war or peace. M a c b 1 n e r y A real "war baby". Record outputs and ear nings. One of the first to bene fit from war; but one of the first to deflate with peace. Mail Order Sharply deflated due to war. Financial position strong. Long term outlook ex cellent. Meat Packing Sharply high' er demands reflect higher prof its. Stable earnings. Low la vested capital. Immediate out look good. Motion Pictures High wages increase attendance. Producing companies In good shape. Near term and future outlook okay, Paper Prosperous due to war. Has been aided by high demand and low imports of pulp. Backlog orders now on down side. Doubtful if demand In fu ture can match recent require ments. Petroleum Inflation type in' duitry. Research minded man agement. Taxes of little conse quence. Long term outlook ex cellent; but Immediate outlook uncertain. Railroads Helped by war. Sheltered from high taxes. Im proving financial position. Cur rent favorable position will not last. Railroad Equipment Ear nings satisfactory due to rail road and armament boom. No great tax burdens. Large export business may he ahead. Rayon Unhampered by re strictions but hurt more than helped by war. Tax situation now bad. Development of new products may make outlook promising. Shipbuilding Obv 1 o u s 1 y booming. Submarine menace calls for sharply higher tonnage. Steel Wars key industry. Output greater than ever. Ear nings alwaya erratic. Book val ues to decline as new govern ment financed plants are writ ten off. Cannot now foretell after-war conditions. Sugar Pacific War plus shipping shortages have tempo rarily helped earnings. Beet companies should have best sea son for many years. Strict w ,J-ii- Mill ' u . lit I V ) J u:X f mi Sam Woodflll (right), 59. received congratulations from Col. Arthur R. Underwood at Fort Thomas. Ky., when Woodfill swapped a reserve captain's commission for active service as a major. For such feats at wiping out two machine gun nestt with a borrowed rifle. Woodfill was described by General John J. Pershing as the first World war's "outstanding American soldier." price control may be bullish post-war factor. Textiles Erratic peace time earnings replaced by war boom. Normally suffers from over capacity. Outlook uncertain. Good management essential. Utilities Government break up orders are hamstringing the holding companies. Operating units In better position. Both hurt by war taxes. Variety Chains Better situ ated than most retail outlets. Sales and profits sh"'ild be well maintained. Advisable Readjustments At the moment the four In dustries which are posperlng most are shipbuilding, meat packing, sugar, and paper: while the four that are least prosperous are utilities, gold mining, finance companies, and building. One is taking more or less of a risk to invest In any of the above eight groups at the present time. Rather, he should consider one of the aver age groups, such as fire insur ance, dairy products, grocery chains, and banks. Certainly, It would be wiser to take those that have suffered most, rather than those that have mffered least. Latest On Rubber Substitute Recaps Readers will remember that in previous columns I told of experiments which were being made on tires to apply some asphalt gum or other mixture which required no rubber. (This is entirely different from re treading by cementing camelback on to an old tire.) Thiokol ac complishes exactly what I have In mind. The cost should be $6 to $8 per tire with a mileage of from 3,5000 to 9,000 miles at a speed of 40 miles per hour. The material Is made from caustic soda, chlorine, ethylene, and sulphur. Caustic soda come from salt; ethylene from corn, wheat, or any agricultural waste; while Texas has a surplus of sulphur. Chlorine is now being allocated, but the produc tion can readily be increased. No adhesive material is needed or no natural or reclaimed rub ber will be required. The plan is identical with my original forecast and should permit 1. 000,000 tires a month being treated. Washington, June 19. (F) Emphasizing the nation s grow ing lumber shortage as k result of heavy military demands, war production board chairman Don ald M. Nelson today appointed a western log and lu.nber czar to boost west coast production, and announced that skilled lumber men In the area would be grant ed temporary draft deferments. Nelson said that Frederick H. Brundage, on leave as associate regional United States forester in the sixth region, had been made western lumber administrator with the full powers of the war J production board to carry out such action programs as may be necessary in order to obtain the qualities and quantities of lum ber required by the program." A management-labor advisory board from the western lumber Industry will be named soon to assist Brundage. Four Billion More Voted For Britain London, June. 19. (JP) The house of commons promptly vot ed a new 1,000,000,000-pound ($4,000,000,000) credit for war purposes today at the request of Sir Kingsley Wood, chancel lor of the exchequer, who said It brought Britain's total au thorization during "tha costliest war In history" to 10.050,000,000 pounds ($40,200,000,000). Britain's rate of government expenditure recently has risen to 84,250,000 pounds ($337, 000,000) a week, Sir Kingsley said. Use Mall Tribune want adt. UNION FUEL FIR SLABS, load $6.50 (300 cu. It.) FIR SAWDUST, Id. $5.50 Phone Jacksonville 373 RECLASSIFYING OF MARRIED MEN IS T BY TAFT Ohio Senator Proposes Class III For Those Married Be fore Draft Law Passed, Washington, June 19. VPy Senator Tift (R.-Ohio) proposed In the senate today that tha Se lective Service reclassify all men married before passage of tha draft law who are living with their wives and children into class III, calling them for duty only after all available younger, unmarried men had been inducted. Speaking before the senate approved a resolution to cor rect a minor clerical error in the family allowance bill previ ously voted by both houses, Taft said that If President Roosevelt subsequently signs this bill in to law immediate classification of selective service) registrant with dependents ought to be undertaken under terms of the measure. Classes Suggested Predicting that it would be necessary to call married men with dependent! in order to build the armed forces up to a strength of 10,000,000 men, Taft suggested tha following classes be drawn upon In order: Men under 37 yean old with out wife or children, but with dependent parents, brother! or sisters. Men under 37 with wife but no children. Men under 30 yean old with wife and children, or children only. All other class III registrants. Including men over 80 with wife and children. Taft estimated that an addi tional 2,500,000 men would be selected for service In 1943 and 2,000,000 more In 1944. Should Decide "We should decide and decide deliberately and intelligently whether boys of 19 should be taken before men more than 30 years of age with families," Taft told his colleagues. "We should also decide whether volunteer ing should longer be allowed." He said he thought it unlikely that married men with families over 30 years old ever would be needed for active service, adding that he thought it wis for Selective Service to make definite ruling on the status of these men. Senator Maybank (D.-S. C.) J interrupted Taft to nota that a "large number of illiterants" in his state were anxious to serve in the armed forces but bad been deferred under present Se lective Service regulations. Maybank suggested that soma married men could bo deferred if some way were found to edu cate those illiterates, many of whom were unmarried. There are 80 shots at tha enemy in a set of brass curtain fixtures, the metal they contain would produce that many cart ridges for a soldier's rifle. DANCE ON THE OASIS SPRING FLOOR SAT. NITE Merry Lou't Victory Oreli. X Ci$lal You'll enjoy thi$ Kestler bltnd, VSJTy I To like it, all youhave to dol MSSSXSR'S pervATI BttMD, 75 Oral n Neutral Spirta. Jultui K.ttl.r Dittilline Co.. Incorporated, Baltimore, Me.) i Proof. tawrenceburg. Indiana. FOR VICTORY ! i V A i-l. . -BUY U. S. WAR STAMPS AND BONDS NOW O SAVE FOR YOURSELF WHILE YOU SERVE YOUR NATION 3 CLOS LEON HENDERSON says: "NOT UNPATRIOTIC TO BUY A NEW CAR" "May I say at this point that no one eligible to buy a car should be at all uneasy or consider himself unpatriotic in obtaining a new car un der the quota." a,";"- Admlnl,,ri,or- ome. .i phc SEE YOUR MEDFORD DEALER WITHOUT DELAY O IT'S LIKELY THAT YOU CAN BUY A NEW 1942 CAR RIGHT NOW Enjoy the Advantages of NEW TIRES and Superior Performance of a NEW CAR! MEDFORD AUTOMOBILE DEALERS will E at NOON EVERY SATURDAY! BEGINNING JUNE 20th Until Further Notice! WE are Initiating this new policy of closing on Saturday at noon beginning THIS WEEK to that members of our organization! may enloy a fuller week-end. Tha cooperation of tha motoring public will be sincerely appreciated ... If you are interested in tha purchase of a new or used car, or if your present car it in need of adjustments or repairs, please contact your automobile dealer at early at possible so that you may be assured of tha finest service and we may maintain this new Satur day cloaing hour, and cooperate fully with tha union. PLEASE DON'T FORGET -WE CLOSE SATURDAYS AT NOON! Skinner's Garage 143 South Riverside - Buick Cart Humphrey Motors 33 South Riverside DeSoto-Plymouth Abbey Motor Company Rogue River Chevrolet Ninth and Bartlett Chevrolet Can L. C. Taylor, Inc. 112 So. Riverside Dodge-Plymouth Lewis Super Service Station 8th & Front Phone 2119 Edgerton Motor Co. 123 So. Riverside - Nash Cart A. Z. Dean Sales & Service Sixth and Grape Stt. - Pontiac Daily's Auto Painting & Body Shop Crater Lake Motors J 29 South Bartletf Phone 3483 Sixth and Riverside . . Ford-Lincoln Zephyr-Mercury 132 So. Riverside - - Oldimobile
