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EIGHT MEDFORD (OREGON) MAIL TRIBUNE
Tuesday, August 2, 1955
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Italian Economy Presents
Promising Picture in 1955
Rome (li.P.) Increased influx
of the tourists, a continued
growth of industrial output and
less keen German competition
on the world market combine to
make a promising rjicture for
Italian economy this year.
Predictions were that the na
tional income this year would
rise at least by the five per cent
which is the annual increase rate
called for in the 10-year develop
ment plan of Budget Minister
Ezio Vanoni. Last year's in
Sauvie Island Area
Searched for Victim
Scappoose (U.R) Search
for a missing 17-year-old boy
who is believed to have drowned
near Sauvie Island will be con
tinued today.
Wayne E. Nichols of Hills-
boro apparently was seized with
cramps about 30 feet offshore
while installing irrigation pipe
in the channel.
Wayne Bostad, 18, a fellow
workman, told police he heard
Nichols yell and swam to his as
sistance but .was too late to
save him. Dragging operations
by state police and Columbia
and Mulnomah county sheriff's
deputies failed to produce the
boy's body by dark yesterday.
Violent Temper
Charged in Divorce
Portland (U.R) A 21-year
old ex-Marine acquitted last year
on a charge of involuntary man
slaughter of his first wife, was
'iied for divorce by his second
ife in Portland yesterday.
Donald S. Lehman was charg-
fd by his wife Nancy with cruel
nd inhuman treatment. She
alleged he had a violent temper
and subjected her to physical
harm.
Lehman's first wife, Patricia,
died from a 22-caliber bullet
(Wound in the head which he
claimed was fired accidentally.
The state charged him with neg
ligence but failed to prove it.
Christmas Trees Used
As Wild Bird Refuge
Milwaukee (U.R) The
state fair grounds police chief,
C. A. Elfritz, has found a better
use for Christmas trees after the
holiday than burning them. He
builds bird refuges with them.
Inside the race track oval El
fritz has set tree in iron pipes
driven into the ground. In the
center of the "grove" he puts
feed into a trough covered with
brush. Sparrows stay away, he
said, because they do not like
the particular feed he gets from
a feed store. But game birds have
flocked to the sanctuary.
crease was only 3.5 per cent,
mainly because of the excep
tionally poor harvest due to poor
weather. But in 1953 it was sev
en per cent, and this year it
should not be much below that
figure.
The bi-monthly economic re
view of the influential Banco di
Roma said:
"The outlook for 1955 appears
to be good. If the international
political and economic situation
continues to improve, the year
may be expected to witness con
siderable progress in the solution
of the basic problems of Italian
economy, foremost among which
is unemployment."
Among the most optimistic
factors was the steady increase
in the number of tourists, who
are turning the hotel business
into one of Italy's main foreign
currency earners.
While no comprehensive fig
ures were available on sums
sperit last year, statistics showed
that the influx of tourists from
abroad rose constantly from
1,590,000 in 1948 to an all-time
record of 9,327.512 last year. In
1952, when 6.059,297 tourists
entered Italy their contribution
to the country s finances was
estimated officially at 154,000,-
000,000 lire ($246,500,000).
Increased Italian exports in
1954 reduced the nation's heavy
trade deficit from $907,200,000
to S792,000,000. This was the re
sult of improved trade openings
with some countries, such as
Germany, France and Yugosla
via, and less keen German com
petition on the world market
following the adoption of the re
armament program in Germany
Industrial Output Up
Also helpful for Italian ex
ports were government meas
ures, including the refund of the
turnover tax on exports and the
insurance of exports subject to
"special risks."
On the other hand, the in
creased purchasing power of the
average Italian and the poor
1954 harvest brought about a
parallel increase in imports
which partly offset the effect of
the export drive.
Industrial output in 1954 rose
10 per cent over 1953, to an in
dex of 170 (taking 1938 as equal
to 100. Largest increases were
in the chemical and rubber in
dustries (25 to 21 per cent re
spectively), followed by metal
lurgical, mining and electrical
industres, engineering, paper
and food processing. Lowest in
crease was 1.8 per cent in the
textile field, still slowly recov
ering from a world market
slump.
Oil refineries last year turned
out over 16,000,000 tons of gaso
line and by-products, of which
8,248,000 tons were consumed on
the domestic market (an increase
of 21 per cent over 1953), and
7,142,000 tons were exported, an
increase of six per cent.
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