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!
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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.
DELIVERED BY:
Medford Fuel Co.
Since 1937
Tel. 2-21 1 1 - Court & Mc Andrews
CLEANED AT TRACK
Louisville, Ky. (U.R) A boy
stopped Mrs. James Gilbert as
she was leaving Churchill
Downs' on the closing day of
the track's fall meet and asked
"Did You Have a Good Day:"
Mrs. Gilbert told him she didn't
have a winner. The boy grabbed
her purse, "containing $90 and
her car keys, and ran.' She was
really broke then she told police.
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