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