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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 6, 1955)
SIX MEDFORD (OREGON) MAIL TRIBUNE Thursday.-January 0,-1951 Business for 1955" Could Exceed Record Chalked Up in 1953 .New York U.R) Business throughout the nation is expect- ,ed to give a good account of it self in 19d5 and it may equal or conceivably exceed the record year of 1933 .... At the year-end , there were many ' contributing factors for this optimistic feeling through out the business world. The na- tion finished the year of 1954 on a rising tempo, winding up the second . best ' business year in history. According to some business quanBis,.uie nauuu i etuuuni; in 1954 was bolstered consider ably because for the first since t rrt r .t A-l x . 1-.. n wot ine nauon went uuuugn a period without a war or partici ' pation in some form of support ing action. Industry Gain Ciied The. economists gave many reasons for their optimistic views for, 1955. A guaranteed growth was expected in new construction; stepped up output in steel and automobiles; basic o strength in the stock market; in crease , in retail trade; and the availability of easy money and credit. However, - some weak spots will develop in 1955, according to the forecasters. . The textile industry! appeared highly cau- nuua ab uic cuu ui aoj-x.. ixv ail ing railroad and coal industries will have , some tough sledding, but they are expected to show moderate gams in 1955. . - Gross national product, a very important yardstick in the na tion's economy, is expected to increase around three per cent in the new year. This would bring output of goods and serv ices in 1955 up to, or slightly above, the record level of 1853. Consumers will spend more in 1955. With personal incomes moving upward, coupled with a growing population, - the consu mer will spend more for non-J durable goods, according to business quarters. The ' market for durable goods will be boost ed by active residential build ing, new . automobiles, - and : ag- gressive -saxes euon. -, More Labor Demands Seen '"7 Labor, the experts say, is go ing to take advantage of the business 1 revival in 1955. -The prognosticators feel that -labor unions will make a strong bid for a guaranteed annual wage, ViioVipr ivbctps' and frinffo hnp fits. The year, 1955, the experts assert isn't likely to match 1954 as probably the most peaceful postwar year on the labor front. Inflationary pressures . may play a part in commodities and prices in general. But most ex perts feel that they will hold . steady throughout 1955. . . Total corporation earnings in 1955 are estimated to show a six ,to eight per cent gain over. 1954, traced in most : cases to antici pated increased volume and rela tively :; steady prices. Dividend payments by corporations estab lished . a new all-time high-, in 1954 and predictions are that they may top this figures by as much as 10 per cent in 1955. Overall, the nation's economic picture appears bright. However, most economists . make their South Windsor, Conn. (U.R) Robert Boothroyd escaped in jury but not astonishment when a horse ran into his automobile and jumped against his wind shield. .. t - - " predictions on the assumption that Washington will maintain its friendly attitude toward busness and that nothing dras tic will bevelop in the foreign situation.' - Retail Credit Class Later in Month Merchants and" personnel of credit offices of Medford and Grants Pass trade area will be given an opportunity to partici pate in a 10-hour course in re tail credit fundamentals to be given here Jan. 20, 21, 24, and 25, according to . Vern Bacon, manager of the Credit Bureau of Medford, Inc. - Conducting the school will be Sterling S. Speake, instructor in retail credit for the National Re tail Credit, association. - ;- Medford has been selected as one of several cities to be in cluded in this year's credit edu cation program offered by the association in ? cooperation with the Associated Credit Bureaus of America. Credit schools have been conducted throughout the country for . the past several years, and have been described as a practical and interesting study of successful methods in the handling of retail credit. Topics to be discussed in the course include problems affect ing credit, credit applications, credit interviews, investiizatns and - evaluating the customers. accepting or rejecting the appli cant, store credit policies, credit sales promotion, credit letters, collection and other procedures. Topics Listed i: Classes will be held from 7:30 to 10 pan. each evening at the Roosevelt school gymnasium. A National - Retail Credit associa tion certificate will be awarded those passing the- examination. which is optional. A small en rollment ; fee will be charged. Further information may be ot tained by calling Bacon. 'Athletic Heart' Term Disfavored Chicago (U.R) The American Medical Association says the term "athletic heart" should be dropped because it is used with too many different meanings to describe a condition which 'probably does not exist.''; An editorial in the Journal of the AMA said reports on the effect of . exercise on the heart lead to the conclusion that "in fections are more important as a cause of cardiac "disease than exercise." ; ; ;.'' The editorial also said . that "exercise, even when strenuous, will : not. damage a n o r m al heart," and that "persons with a heavy body build have a low er life expectancy ' than - those with a lighter build regardless of the type or extent of their participation in sports." But the Journal ; added : that there can be "no doubt" that strenuous exercise may injure a heart already weakened, ..and young athletes should have close medical supervision. AMAZING MILK DISCOVERY! e P n HI NOT LIKE ANY OTHER! - ' Not a powdernot a flake only Carnation has ynTS that burst into fcm deicious nonfat mfkf -lA. & r m f r . Kk DISSOLVES INSTANTLY FRESH MILK FLAVOR READY TO DRIUK 'per 0 JETS COLLIDE IN MIDAIR A doud of smoke at the end of vapor trails shows where two Navy jet fighters collided nearly, six miles in the air over San Jose, Calif. vTlie crash, witnessed by literally thousands of -persons who were watching the vapor trails, took the lives of Chief Air Controllman Willard D. Reese and Chief Avn. Mech. Robert E. Messer. Wreckage was scattered over a 12-mile area and part of one body was found. i ; Old Vooden Tie To Continue on Railroads Washington-Uu.R) Great tech nical advances have appeared in most aspects of railroad trans portation, but the old wooden tie will continue - to support the modern streamliner for years to COme. . . .;;-.f,:u-:.;;" Richard G. May vice presi dent of the Association of Amer ican Railroads, said that various substitute's such as. concrete, steel and plastics have been tried but cannot match the advantages of the wood tie in low cost, light weight and relatively long life. May said' about 3,000 ties are used for every mile of . track. There are about one billion ties in all maintained railroad track in the United States, he; said. Through, improvements in treating and - in protecting ties against mechanical wear, the an nual number of replacements of these ties has been reduced near ly threefold since 1927 f rom 87,000,000 to lexn than 30,000, 000 last year. 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