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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 29, 1945)
Change in Stock Buying Babion Discusses Leisure Stocks By Roger Babion Babson Park, Mass., Oct. 28 (Special Correspondence) When war plants were going full-blast, I suggested to readers of this col umn that they buy the stocks oT merchandising companies be cause people then had money to pond. Now, when these war plants are shutting down, I sug gest the serious consideration of the stocks of leisure companies because people now have time to spend. Several Examples ef Leisure Stocks There are several examples of leisure stocks namely, stocks of companies which have their peak business when people have the most spare time; that Is work ing 40 hours per week Instead of 54 hours. Ordinarily, movie stocks would be a good example; but they have already gone up so much in price that they may not now be attractive. A true leisure stock Is one which was obliged to curtail and cut its dividend during wartime. Perhaps the simplest examples of companies profiting most when wage workers have reason able leisure are those making bowling atleys, billiard tables and the like. This should be es pecially true if the company has funds so as to be able to sell on installments as soon as the re strictions are off installment sell ing. Please, however, do not ask me to name any such company. Go to your broker and ask him to tell you what concerns are the leaders in the field. Incidentally, such stocks are the best hedge . against the unwarranted activi ties of labor leaders. Veterans Advised to Buy Ready Business I hesitate to advise any return ing veteran to enter business for himself at this time. By all means make every effort to buy out some small existing business rather than to start a new busi ness. However, if a reader is really determined to enter busi ness for himself he had far bet ter stick to the "service" line of companies. They are more adapt ed to being run by their owners and as a rule are not domi nated by labor leaders. A company which installs bowling alleys and similar ap paratus is usually prepared to enter the installment business. Certainly, installment stocks, which have been held back throughout the war, should be better purchases than the stocks of most concerns. Hence, a vet eran may open a new bowling alley with the payment of a very 'little money down because these "sports" concerns are prepared to "install on installment pay ments." Another thought: Such sports as bowling, pool, etc., which up to now have' been patronized 90 by men, will soon also become a women's sport as well. Recreation Becoming Nation-Wide Industry A generation or so ago, sports were carried on in an informal way largely by colleges, Y. M. C. A.'s and clubs of various kinds. This was because people worked long hours and only the young, the old and the unemploy ed indulged In baseball, bowling, pool, etc. But today the situa tion is rapidly changing. I even forecast that football teams will be incorporated and stock sold to the public. Commercialization of sports has both advantages and disad vantages. If it is controlled by men of good character and kept clean, it will work out for the good of all. Certainly, men and women, alter finishing their day's work, would be better off by bowline than bv drinkino and the two cannot successfully oe comoinea. Another thing which should be remembered by all readers of this column! Al. though it is the personal affair of an individual and his employer nat he or she does durine his working hours, it is 'of para mount importance to the entire communitv what hp nr nil Hrto during the leisure hours. Remember Suggestion of Buying Gas Stations Yes, it Is a sure bet that wage workers will have more leisure time during the next few years than they have had any year since 1939. May it not be wise to capitalize this coming change? Readers remember how I urged the buying of closed filling sta tions two years ago. Well, they are now selling for double and treble their then wartime prices. Lood forward not backwardl What's Doing at u. s. o. A formal Hallowe'en dance will be held Wednesday evening with intermission entertainment and refreshments. Miss Beverly Watson is chairman for the eve ning. v GIRL SCOUT WEEK in medford AREA The traditional "Scout's Own" ceremony "held in Medford yes terday marked the official open ing of National Girl Scout Week in Jackson county and .was at tended by about 30T Girl Scouts, their parents and friends. The ceremony was held at the Riverside USO at 3 p.m. Speakers of the day were the Rev. Milo Ross, head of the Medford Friends' church and pTtsiAvot ot trte Bfodrord Min isterial association, and Major D. M. Zeis, army officer who recently returned from an ex tended period of duty in Italy. The Kev. Ross spoke of some of the influences against good at work in this country today and Major Zeis told of conditions in Italy, touching on the Italian schools, clothing, foot shortages and other matters. Troop members participated in a candle-lighting ceremony, contributed pennies to the national Jullctta Lowe fund for inter, ational Girl Scout pro jects and sang a number of Scout songs. Troop meeting throughout this week will also observe National Girl Scout Week. Cloetnf time (or Cltaalfled Adfl 8:30 a. m. Too Late to Classify 13:15 p. m Please rememDer San Francisco, Oct. 29 (U.R) The weather bureau today pre dicted southeast storms with winds ranging between 40 and 60 miles per hour off the Pacific coast from south of San Luis Obispo, Cal., to Point ' Blanco, Ore. Revising an earlier small craft warning, , the weather bureau forecast southeast storms for the next 24 hours from Point Con ception, west of Santa Barbara, Cal., to Point Blanco. . The wind reached 60 miles per hour at Point Arena, north of San Fran- eJeoo bay W0 a. m., the bu reau said. Winds in the San Francisco bay area were expected to reach between 35 and 45 miles per hour. Monday. Oct. H. IKS MTOFORD MATL-TRrBTTrrE TTTK as "Dr. I. Q" revealed that he j Evanston. HI., and for the pres- is a senior rtudent at Seaburyent was combining radio work Western (Eoiscopal) Seminary, with theological studies. "DR. I. Q." PREACHES Detroit, Oct. 29 (U.R) The well-known "Dr. I Q." of radio, : Jamrs W. McClain, shifted roles I at St. John's Episcopal Church i Sunday morning and preached a j sermon McClain. who is known to millions of listeners simply A'r-Tlte ion Just Arrived! New Gibson ELECTRIC RANGES REFRIGERATORS AND ELECTRIC LAS VEGAS WEDDING Hollywood, Oct. 29 (U.R) Screen actress Lois Andrews, 21, and singer David Street, 27, were honeymooning today following their marriage in Las Vegas Sat urday. Miss Andrews was mar ried to comedian George Jessel at 16 and divorced him two years later. Daily Weather Report FORECASTS Medford an vicinity; Partly cloudy to cloudy wih showers tonight and Tuesday. Cooler tonight and Tues day. Orrgon: Cloudy with occasional rain tonight and Tuesday. Fresh southeasterly wind off coast. Little change in temperature. LOCAL DATA Temperature a year ago today: Highest 76; lowest 36 Total monthly precipitation .62 inches. Deficiency for th.e month .81 Inches. Total precipitation since September 1, 1945, 1 08 inches. Deficiency foi the season .80 Inches. Relative humidity at 4:30 p.m. yes terday 78?0;.4:30 today 61. Tomorrow Sunrise 6:41 a.m. Sunset 5:08 p.m. Observations taken at 4:30 a.m., 120 Meridian time: High Low Prec. Boise .... en Boston 54 Chicago im 75 Denver - 70 Eureka ......... WrfH...... Havre -...v. Los Angeles iviedfurd ... New York Omahs . Phoenix ...... ......... Portland Reno Roscburg Salt Lake San I ranclsco Seattle Spokane - Washington, D. C. , Yakima 53 70 55 , 60 79 87 56 66 51 69 46 53 35 28 57 47 40 51 55 46 47 , 53 , 73 . 53 40 44 39 Use Mall TrtDune Want Ads. Relief At Last ForYourCough CreomuMon relieves promptly be cause It goes right to the seat of the trouble to help loosen and expel germ laden phlegm, and aid nature to soothe and heal raw, tender, in. flamed bronchial mucous mem branes. Tell your druggist to sell yon bottle of Creomulsion with the un derstanding you must like the way It quickly allays the cough or you are to have your money back. CREOMULSION for Coughs, Chest Colds, Bronchitis Kerning IP YOU AREN'T ELIGIBLE FOR NEW TIRES THEN Save Your Tires With Factory-Method RECAPPIXG 79 Only tifi most essential drivers are fHlag new tire. Most drivers tre not eugibla, bat you. toe, can keep yoor ear roll ing by recapping your smooth tires sow. Don't take chance . . , imve in toaayi SSSeWO r SERVICE STORES 214 S. RIVERSIDE PHONE 4757 or 7118 PROD UCE MO AND HAVE A PROPOSAL TO THE NATION To It's Law Makers. It's Economists. It's Farmers It's Industrial Workers and It's Business Men RE MORE "Every thinking American must realize that this country now faces a situation without parallel either during the war or before it." "Before the war we were busy at production of all the things required by a peacetime economy. We maintained a high stand ard of living, supported the government with our taxes, exported to foreign countries and enjoyed imports from them." "Then came the war. Production was stepped up to unprece dented levels and devoted almost entirely to military needs. Pro duction of civilian goods "was reduced to the barest necessities." "Now the war is over. We turn again to supplying civilian needs. But today these needs unfilled for four long years are at the highest peak of all time our government's tax requirements are no longer the staggering needs of war but they are still the enormous needs of war's aftermath many times greater than be fore the war. There is also immediate urgent need for all kinds of goods to aid the recovery and rehabilitation of a war-tom world." "The simple fact is that we have a big job ahead of us." "We can't get it done on the pre-war basis of work." "We must produce far more now than ever before." "Recognizing these problems we have made the following pro posal." "October 27, 1945" "Union UAW-CIO," "411 West Milwaukee Avenue," "Detroit 2, Michigan." "Gentlemen": "General Motors proposes that the UAW-CIO join with it in petitioning the Congress to change the Wages and Hours Act to make the standard work week 45 hours in place of 40 hours during the post-war reconstruction period. This proposal is made recognizing that the country has a big load to carry in cleaning up the aftermath of the war and that under these conditions we can all have more only if we produce more." "The reason for this proposal to change the law is that . the present law putting the penalty of overtime pay of 50 on the extra hours over 40 discourages employers and busi ness generally from planning such extra hours of produc tion thereby tending to reduce the country to a 40-hour week when the country and the world are demanding more production at lower prices." "With this change in the work week we propose that all wage rates be increased approximately 6 so that men working 45 hours at the new straight time rates will make as much as they do now for 45 hours of work. This pro posal would increase the earnings of those working less than 45 hours and would also increase the extra compensa tion for any hours worked over 45 since such hours would be paid for at time-and-a-half based on the new rates." "Your first impression of this proposal probably will be , that it is a reactionary idea and not in the interest of labor. It is not reactionary any more than working longer hours in the war emergency was. We are sure that it is in the best interests of all the people of our country and particu larly in the best interests of all workmen." "If the 40-hour week was sound pre-war and the 48-hour week during the war the 45-hour week is sound for the im mediate period following such a world catastrophe as we have been through. All Americans are expecting an even higher standard of living postwar than we had pre-war. This can be accomplished at this time only by producing more as we now must carry the huge additional tax burden and other expenses growing out of the war. The simple fact is that we have a big job ahead of us. We cannot get it done on the pre-war basis of work. We must produce far more than we did in the past" "The workmen of other nations will work far more than 45 hours. In many cases they will have only a bare sub sistence living while they are doing it. Because of the lack of good tools and machinery like those supplied by em ployers in our country." , "This proposal has much to recommend it." "I. It avoids a substantial reduction in weekly earn ings." "2. It prevents inflation and preserves the purchas ing power of war bonds, insurance, social se curity and other savings." "3. It does not upset the balance between agricul tural workers, salaried workers and industrial workers." "4. It will produce more goods and services and the people of our country will have more." "5. It will create more good jobs and the employ ment of more people. Just as many men and women will be employed in our plants on a 45 hour week as on a 40-hour week. And it will allow the use of our plants for the extra five hours when they would otherwise be idle." "6. It will stimulate business activity and create more jobs and result in the employment of many more people in all related businesses." , - "7. If our plants could be scheduled to work on the basis we would produce nine cars where we would otherwise have produced only eight. It will mean that one man out of nine will have a car who would otherwise go without." "We believe that a 45-hour week is necessary and de sirable during the period of postwar reconstruction for th following reasons" : "1. During this period our country will be shipping food, materials and machinery to other countries all over the world to help them rehabilitate them selves and avoid starvation." "2. We still have the extra expense of bringing our fighting men back home and fitting them into civilian work." "3. We Btill have high taxes which necessarily are a charge against industry and all producers." "4. "To develop and apply technological improve ments and to reorganize industry takes time years not months." "It is hoped that at the end of this postwar reconstruction period": "1. Our relations with other countries will be on the basis of a two-way street where we shall get back goods and services for those we supply." "2. The fighting men will be back at peacetime work and the aftermath of the war will be over." "3. Government expense and the number of govern ment employes will be reduced and not be such excessive burden on all producers." "4. Technological improvements the better ways of doing all the things that are necessary to deliver products to customers will have become effec tive." "We can then have a 40-hour week with more leisure time and more goods and services and can continue to im prove the standard of living of all Americans." "Yours very truly," "C. E. WILSON," "President." "WHY WE BELIEVE EVERYONE SHOULD FAVOR THIS PROPOSAL" "It would help America to produce more and have more " "It would provide for higher wages without the certain necessity of higher prices " "It would help to strengthen buying power, sustain the tax re quirements and maintain the value of war bonds, savings and in surance " "It would be good for the working man, good for the employer, good for the farmer, good for the professional man, good for the housewife " "Good for America." GENERAL MOTORS More and Better Things For More People
