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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 2, 1955)
If I? r W -IT SIX MEDFOHD (OREGON) MAIL TRIBUNE Sunday, January 2, 19S5 1 TheyH Do It Every Time By Jimmy Hatlo Ajskahy SALESG1RL-TWE MERCHANDISE YOU SHOW TdE CUSTOMER ISMT WHAT SHE WANTS-! SHE WANTS OKE LIKE IN THE WINDOW rBUTTHS pO GO OUT TO s OM-HBM-HEH-ITISTHE SAME jiSf LOOK AT "WE lm llxASTHE one you showed vzkh clBr? coK. hm. ttNe mtum swuhcate. i. woild Stock Market Hike Top Finance News New York (U.R) The rise In industrial shares to a new rec ord high after the 1929 peak had stood for 25 years topped the list of biggest stories in the world of business and finance in 1954. Other big stories of 1954 were listed by the United Press Fi nancial Department as. follows: Robert R. Young's spectacular proxy battle ousting the man agement of New York Central Railroad biggest proxy fight in the history of finance. Nuclear energy released for Industrial use. Experts predict atomic energy will be used with in a year for producing electric ity. First tax reducation in 20 years becomes a reality, helping business maintain good profits, and giving moderate relief to individual tax payers Automation, gaining strides in 1954, is expected to revolution ize industry within a few years. Department of Justice frowns on proposed merger of Bethle hem Steel Corp. and Youngs town Sheet and Tube Co., as a prelude to what might be the big merger battle of 1955. Jail Escapee Arrested By Sheriff's Deputies Ronald Edward Snyder, 21, Box 296, Prospect, was arrested Thursday by Jackson County sheriff's deputies as an escapee from Del Norte county jail at Crescent City. Snyder was being held at Crescent City on a burglary in vestigation, according to Howard Gault, Jackson county sheriff. The escape took place on Dec. 21. Dulles Sees War Danger Receding Washington U.R) Secretary of State John Fester Dulles said Friday "the danger of general war" is receding as the free na tions develop their unity and strength. Dulles said that events of 1954 enables us "to face the new year with confidence." But he added quickly that the free world must beware of overconfidence. "Hostile forces remain strong and implacable and they are operating with even greater guile than heretofore," Dulles said. , "In face of that undiminished power and guile we cannot ex pect an unbroken series of suc cesses," he added. "Instead, we cannot hold our own, much less increase our net gain, unless we maintain our vigilance and our efforts on a basis of national unity." , f3ffy Features 'TV CoQf No More ! s? H n n $t B Mcamcai7C2)i2 If Hg 21" Picture ' Hlf W ' ' I I 2 E3rte"d'd"R,ll,9, tfV fi&! 7i I a Glamourous New I FUl.,' dfj i T Styling fc-r-'' - gSSTTSdgkJ I V, ' j4 Maa-avox ' r T Quality i- - 3 6 & Vffi i El a Dramatic Low I 1MS5I5!,,1II, "uucjg, , : T Prico 1 p " 1 : ONLY r j! in Cordovan finish With 82-Ch.el UHF-VHl "Teleraerte" Teeer. S27V.50. WHEREVER TELEVISION PICTURES CAN BE RECEIVED .... MAGNAVOX WILL RECEIVE THEM BETTER! THE MANHATTAN 21 boasts the new "Magnasphere 300" chassis, super-powered for ideal fringe area operation. . . .17,000 volts picture power provides clearest, sharpest pictures and ; superb photogenic realism. . . .two 8" extended-range Speaker for, - real High-Fidelity sound performance. .. .improved FM Sound System Magnavox Cascode Tuner' for easiest channel-to-channel , tuning. . . .glamourous'y styled cabinet in lovely Magnatex scuff proof finishes of Cordovan and Blond. . . .MAGNAVOX . . . .AMERICA'S BEST TV BUY! . , BUY OH CONVENIENT BUDGET TERMS ipnjmincDKrEm 111 North Central Medford Phone 2-5702 Booming Oufput Of Steel Expected DuringComingYear : New York (U.R) America's steel industry, which saw 1954 production of 87,000,000 tons rate as the second highest in peacetime, expects booming out put in 1955 to topple the 100,-000,000-ton mark. Barren inventories and healthy business prospects will provide the one-two punch for steel in the coming year. Customers used up 7,000,000 more tons of steel during 1954 than the industry produced. This calls for a heavy replenishing of inventories all along the line. The only peacetime year top ping 1954 was 1948 when output came to 88,600,000 tons.- Six other years recorded higher pro duction, but every one of these years spanned part of either World War II or the Korean war. Earnings reports made good reading in 1954 and some comp anies boosted dividends to stock holders. 1954 Rale 71 Per Cent Paced by demand from con struction and auto manufactur ers, steelmaking furnaces oper ated at a rate averaging around 71 per cent during 1954, with the heaviest production taking place in the final three months. Steelmen sxpect the operating rate for the first quarter of 1955 to come close to 85 per cent. A record-shattering year for construction and increased auto mobile output up to an esti mated 5,800,000 cars from 5,300, 000 in 1954 should account for almost 40 per cent of all steel production in 1955. Another bright spot is' the peak demand for steel contain ers. The oil industry, farm equipment makers and appliance manufacturers all are expected to consume steel at a high rate. A new wage boost for steel workers in 1955 is held likely. Until a new contract is signed around mid-year, industry sourc es forecast base prices will re main firm. Wage Hike Granted The steel industry avoided a strike in 1954 by granting a five-cent-an-hour wage hike and oth er benefits to steelworkers. Then companies raised the price of steel products an average of $3.25 per ton. Just as re-stocking of inventor ies will provide a bright spot in 1955, proved a headache to steel producers, as it stretched out through the first half of the year. ' By the end of 1954, consumers had "lived off the shelf" for so long that stocks of steel were as depleted as if there had been a strike. Premium prices went out the window' during 1954, reflecting competition, freight absorption continued heavy by all produc ers. Although 1954 marked a sharp drop from the all-time high of 111,600,000 tons produced in 1953, the elimination of over time pay and the idling of less efficient facilities helped to cu shion profits. The end of the ex cess profits, tax also was a factor in sustaining the favorable earnings. Louisiana Liar Named Champion Burlington, Wis. (U.R) Louisi ana swamp rabbits are so fast you can't hit them with a shot gun. You've got to use a high powered rifle. "To kill these rabbits on the run, you have to aim fast, shoot and then let out a shrill whistle. When you whistle, the rabbit stops and the bullet has a chance to catch up with him." That yarn won for Shelton R. Day of Baton Rouge, La., the "world champion liar" award Friday. The Burlington Liars' Club decided Day's lie was the cham pion of those submitted during 1954 in competition for the covet ed prize. The Liars' Club, which started 25 years ago when two newsmen here needed a year-end featura for their papers, also chose the best li. submitted in a quarter century of prevaricating. Bruno Ceresa, Langeloth, Pa., won the "champion of champions" title for this classic that won the 1933 prize: "My grandfather had a clock so old that the shadow of the pendulum, swinging back and forth, had worn a hole in the back of the case." Oemd line for Sunday CUetifled is it noon Saturday. Sale - Rentals FoWnf WtfSIL CHAISS Opee Sundays and Holidays 10 a.m. to 9 p.m. Weekdays 1:30 a.m. re 10 p.m. HUDSON'S PHARMACY 613 E. MAIN PH0N 3-5343 1 Hock East or Hawthorne Park Malenkov Declares Soviet Union Prepared To Work for Peace; Interview text Given Moscow (U.R) Soviet Pre mier Georgi Malenkov said Sat urday the Soviet Union is pre pared to "go on doing every thing in its power" to ensure peaceful relations with the Unit ed States. He said Russia is prepared "to reject certain differences provid ing the U.S.A. displays the same readiness." Grave Threat to Peace But the Soviet leader said in an interview published in the Soviet press that "The threat to peace is becoming graver and the danger of war is growing because of the western powers which have signed the London and Paris agreements" to rearm West Germany. Malenkov's views appeared in Pravda, Izvestia and all Soviet newspapers in question-a n d ar.swer form. They originally were given in answers to ques tions submitted by American newsman Charles Edward Shutt, Washington Bureau Manager for the television and newsreel com pany, Telenews. The text of the interview: Q. Would you welcome diplomatic negotiations with respect to settling agreements in hm Far Cast? A: Yes, negotiations between'! interested powers with respect to Far Eastern questions must be welcomed. Experience of the Geneva Conference, wherein the Chinese Republic ' took part, shows such negotiations bring beneficial results. Q. Would you welcome dip lomatic negotiations leading' to a conference between the heads of the governments of France1, Great Britain, the U.S.S.R. and the United States? A. In this connection it must be said first of all that recently everything is being done by the United States, England and France to exclude the possibility of a positive solution of the ques ton of a conference of the heads of the governments of the four powers. As is known the western Salem U.R) Gov. Paul L. Patterson has reappointed Carl W. Chambers of the State Tax Commission and Frank J. Healy as state corporation commissioner. powers are trying to solve sep arately the most important in ternational questions and parti cularly questions relating to Germany. Surely it is clear that such a policy cannot be followed while at the same time illusions of a four-power conference are scattered among the people. The point is, therefore, that a con ference of the heads of the gov ernments of France, England, the U.S.S.R. and the U.S.A. should not be confronted with these and other separate actions on ques tions which demand explanation at a four-power conference. Q. Have you anything to say to the American people? ' A. I send the American people hearty greetings and best wish es. All the grounds for develop ment and strengthening of friendship between the peoples of the United States of America and the Soviet Union exist. I ex press my conviction that the American people will play a worthy part in the great and noble effort strengthening peace between peoples. All peoples must now be es pecially vigilant against any of the aggressive circles. There is at present no more important task than unification of forces of the peoples of all countries in the interests of guaranteeing peace and international security. Q. How can peace best be maintained? A: The first requirement for peace between the Soviet Union and the U.S.A. is that both sides should sincerely desire peace and strive for it and in rela tions should be guided by the possbility and will for peaceful co-existence with N one another and by consideration for each other's legitimate interests. As far as the Sovet Union, is con cerned, it does act on these pre ceipts and is prepared to go on doing everything in its power to ensure firm stable relations of peace between the Soviet Union and the U.S.A. and to reject cer tain differences providing' the U.S.A. displays the same readi ness. Q. What in your opinion Is the main reason for tension between the Soviet Union and the USA? A. It is the policy pursued by certain quarters in American re establishing the revenge-seeking West German army, piling up armaments and encircling the Soviet Union and other peace minded countries with American military bases, which can only be viewed as preparation for another war. It is commonly known that the threat to peace is becoming graver and the dan ger of war is growing because, of the western powers which have signed London and Paris agreements. - If the tension between the So viet Union and the U.S.A. is to be eliminated and a solid foun dation laid for successful devel opment of peaceful cooperation between the two countries, an end must be put to the policy of re-establishing German militar ism which has caused humanity so much disaster. Arms piling must be terminated and the pol icy of ringing peace-minded countries with military bases must be stopped. Q. How do you feel about international atomic control? Do you think a successful plan acceptable to all the parties ' concerned can be evolved? A. The Soviet Union's position on . atomic weapons is well known. The Soviet union favors an unconditional ban on atomic weapons, their , complete re moval from national armaments, and institution of strict interna tional control to enforce corres ponding agreement. Other coun tries should be as much interest ed as the Soviet Union in pro hibiting atomic weapons, elimin ating the menace of atomic war." (See story on Page 1) NOTICE! Effective January 3rd OUR OFFICE HOURS Will Be... 8:30 A.M. to 5 P.M. Monday Through Friday California-Pacific Utilities Company 229 W. Main Ph. 2-5284 y January Clearance y 20 OFF J ON OUR ENTIRE STOCK! "J 1213 N. 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