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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 13, 1956)
TWrLVE MEDrORD (OREGON) MAIL TRIBUNE Friday. April 13, 1958 List of Billion Dollar Firms In United States Swells To 33 By ROBERT G. SH-htt United Presi Staff Correspondent New York (U.R) The big gest boom in history swelled the list of American companies do in? a business of more than Sl, 000,000,000 a year from 29 to 33 last year, a United Press sur vey showed today. These 33 sales giants turned out an assortment of products that affected the lives of almost every American in one way or another. Five companies joined the bil lionaire sales ranks and one dropped out in 1955, a year that saw consumers team up. with big business to fashion a boom that made 1929 look small by comparison. These 33 sales leaders, selling everything from hairpins and pizza pies to automobiles and atomic reactors, rang up total sales of more than S90.000.000, 000, or almost S550 for each man, woman and child in he U. S. Unparalled Sprding Spree " Their sales in 1954 a year of Elijah Satisfied On Mountain Ledge Buena Vista, Colo. (U.R) A rescue party that climbed to a high mountain pass to rescue Elijah the forlorn horse said to day Elijah really is an individ ualistic nag named Bugs and he doesn't' want to be rescued at all. A Denver Post rescue party which climbed the Rocky Moun tain heights Thursday confirm ed the suspicions of Al and Bill Turner that the horse spotted by an airplane pilot is their pack horse, Bugs. The Turner brothers advised against rescuing Bugs. They said he likes to take off for the moun tains during the non-working winter months when there isn't any packing to "do. They also de scribed Bugs as a particular pony who doesn't like to see women wearing skirts and has a violent dislike for parked cars. George McWilliams, a Denver Post reporter and a member of the party, said no attempt was made to bring the horse down because of the deep snow drifts in the area. Young GOP Fight Seen On Senate Candidate Eugene (U.R) The pos sibility of a floor fight over en dorsing of a candidate for sena tor was indicated today as Ore gon Young Republicans opened a two-day convention here. Jim Hatfield of Salem, state chairman, said leaders were agreed that it would be inad visable to endorse a candidate for the GOP nomination for U.S. senator. The nomination is be ing sought by Douglas McKay, Phil Hitchcock, Elmer Deetz and George Altvater. But Hatfield said, "there will be some who won't agree with us, and I expect at least a floor skirmish on it." Young Republicans two years ago changed their constitution to allow choosing among candi dates in a primary election. - Both McKay and Hitchcock have asked that there be no in dorsement in their race. Gov. Elmo Smith was to ad dress a dinner meeting here to night. The Ford Motor Co. produced 1,708 cars during the first year nt its operation in 1903. I mild recession and belt-tighten-! ing for industry aggregated i approximately 575,000,000,000. The growth of America's, dyn amic economy last year was sparked by an unparalleled con sumer spending spree for new homes, automobiles, appliances, and a long list of other goods and services. Industrial expan sion played a key supporting role in this economic drama. However, the continued de cline in defense business from Korean war peaks was respon sible for Boeing Airplane Com pany s sales dipping below the $1,000,000,000 mark in 1955. It was the sole casualty. The five companies which joined the list last year were Firestone Tire & Rubber Co., International Harvester " Co., Radio Corporation of America, Republic Steel Corp. and Union Carbide & Carbon Co. In 1939. the year World War II began in Europe, only Gen eral Motors and the Bell Tele phone System were doing an an nual volume of business in ex cess of 81,000,000,000. List of Giants The list of billion-dollar giants, with figures for 1955 and 1954: General Motors, $12,433,277, 420 $9,823,526,291: Standard Oil (New Jersey), $6,272,440,755 S5.661.381.759: Ford Motor Co., $5,594,022,074 $4,062, 330,578; Bell System. $5,297,' 043,174 S4.784.500.427; Great Atlantic & Pacific, S4,300,000, 000 S4.139,966.250; U. S Steel. $4,097,680,287 S3.250, 369,279; Chrysler, $3,466,222, 350 $2,071,597,960; Sears, Roebuck, $3,306,826,181 $2,- 965,408,814; General Electric, $3,095,352,063 $2,959,077,548; Swift & Co.. S2.404, 124,000 $2,510,805,000; Bethlehem Steel, $2,096,616,646 $1,656,809,455; Armour & Co., Sl.967,709.937 $2,056,149,407; Safeway Stores, $1,932,243,202 $1,813,516,636; Gulf Oil. $1,895,665,830 $1, 705,328,795; Du Pont $1,909, 197,444 $1,687,649,767; The Texas Co.. $1,767,266,455 $1,. 574.369.713; Western Electric, $1,853,299,056 $1,526,231,323- Standard Oil (Indiana), $1,781,- 317,827 $1,660,343,193. Others Listed Socony Mobil Oil. $1,720,997.- 692 $1,608,708,045; Shell Oil, $1,484,069,013 $1,312,059,959; Westinghouse Electric. S1.440.- 976,985 $1,636,184,253; Good year Tire & Rubber. $1,372,176,- isu $1,090,094,050; Standard Oil of California. Sl.277.840.419 SI, 113,342.595; National Dairy, $1,260,230,044 S1.210, 328,531; J. C. Penney, 51,220, 085,325 Sl,107,156,633; Kroger Co., $1,219,474,812 $1,108,- al Harvester, (3) $1,165,784,841 694.168; Republic Steel, $1,195, $994,074,204; Firestone Tire & 094.731 S850,343,516; Union Rubber, $1,114,870,187 S916, Carbide & Carbon, Sl,187,153,- 047,040; Sinclair Oil, $1,110,066, 197 S923,693,379; Internation- 902 $1,021,461,419; American Tobacco, $1,091,762,000 $1, 068,579,299; Radio Corp. of America, $1,055,265,655 S940, 950,220. - ' Fiscal year ended (3) 10-31-55. Airs. Jackson's Estafe Filed in Probate Court Portland (U.R) - An inven tory and appraisement of the estate of the late Maria C. Jack son was filed in probate court here yesterday and disclosed the widow of the founder of the Ore gon Journal left an estate valued at $2,471,176. Major items in the inventory were Mrs. Jackson's holdings In the newspaper founded by her husband, the late C. S. Jackson. Mrs. Jackson died last Febru ary. Bulk of the estate will go to the Jackson Foundation for charitable and educational pur poses in Oregon. Milwaukee Transit Workers on Strike Milwaukee, Wis. JU.R) More than 2,000 bus and street car workers went on strike to day, shutting down public trans portation for 200,000 Milwaukee area residents. All policemen and deputy sheriffs were ordered to report to work two hours early to fore stall an expected traffic jam of 50,000 to 100,000 more cars than usual. The strike began officially at 5 a.m. (EST). It involved 1,570 drivers and 500 maintenance em ployees of the Milwaukee Tran sit Co. All the strikers are mem bers of the Amalgamated As sociation of Street Electric Rail way and Motor Coach Em ployees. Company President Fred Johnson made four offers to the union at Thursday night's meet ing. All of them involved a 16 cent hourly boost to the current average wage of $2 an hour. Charles Brehm, local union president, turned down all the proposals. Model 31 K FuH 20 Mi cut They had you in mind when they designed this all new Savage Rotor Chief. From the streamlined adjustable handle to the powerful Briggs & Stratton 4-cycle engine, everything is pro vided to make mowing lawns a pleasure Tempered steel blade cuts tough grass and weeds; inset wheels let you trim right up to walls or shrubs. Precision built by Savage for trouble-free service. 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