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. See it today!
$111
88
$11.88 down,
$9.34 Month
V $td chv pr dumping
i Fingertip ihrorrte control
Deflector controb dboSorg
V Sturdy itf ddc
1 Ofhet el preveett Kalpmg
leol nukber included
See bur selection of rotary and reel type power
mowers, and hand mowers precision built by
SAVAGE.
SIMS CYCLE & HOBBY SHOP
23 N. Fir
Phone 2-2472
MEDFORD
MM
MEN'S FURNISHINGS FAIR
veisaiy
YOUR GENTRY
MIX-MATCH TRIO
TAKES YOU
EVERYWHERE
complete . . .
Yes, ev... .ere ... because for fashion and versatiiily
Penney's color- and style-coordinated Gentry Trio ranks
second to none. You get a handsome 2-button suit of
wool flannel beautifully touched with rayon sparkle
nubs or other equally smooth new effects. And you also
get an extra pair of elegantly tailored contrasting slacks
of all wool sheen gabardine... keyed for perfect casual
blending with the suit. -
Sizes 36-44, Regulars. Shorts, Longs, with One Pair Pants $35
Penney's Townclaf
Hew Fashion
SPORT COATS
For Spring
24
75
Nub Checks
Lustrous Boucles'
- Tinsel Box Weaves
Every one a fabric that
would be outstanding at
this price even without
that superlative Penney
Town-Clad tailoring t
back it up. But you get
both for only 24.75 in
the richest new style as
sortment we've ever seen'
Light to medium shades
in Penney's own distinc
tive 2 - button models.
Sizes 36-46. Regulars,
shorts and longs.
MEN'S WASHABLE
GABARDINE
SLACKS
6.90
An excellent blend of ny
lon and rayon makes
these beautiful gabardine
slacks washable. In your
favorite shapes of tan,
brown, grey, blue and
charcoal. Sizes 29-42.
PIC ; i
HERE THEY ARE! YOUR FINE
DRESS SHIRTS OF 65 Dacron,
35 Egyptian Cotton
AT A LOW LOW PRICE OF
4.98
Penney's has a complete size range of these
fine 65 dacron, 35 fine Egyptian long
staple cotton shirts; spread collar,' barrel
cuff. These wear and wear and wear; dries
in a jiffy and needs little or no ironing.
White. Sizes 14Vi-17, 32-35-inch sleeves.
'
PENNEY'S CAN FILL ALL YOUR
SPRING AND SUMMER TIE
NEEDS IN A BEAUTIFUL
SELECTION OF LUSTROUS
SILKS, DACRONS & ACETATES
98-1.98
We have a varied selection of jacquards;
plain patterns, plaids, and repps, styled just
for you in the new spring look. Come in
and select yours now!
RICH WOOL FLANNELS
. . . RICHLY TAILORED!
9.90
Resilient, soft-draping all wools ... an un
usually fine combination of fabric and
Penney quality tailoring ... at a Penney
price which consistently defies comparison,
in tan, blue and gray, other wanted colors.
Sizes 29-38.
I Takes you everywhere ! Town-Clad'
SURFWEAVE
TRIO
"'En
multi-purpose quality wardrobe
in distinctive all wool sheen!
ALSO SEE OUR
WIDE SELECTION OF
ALL WOOL WORSTED SUITS
the matching suit
75
49
the coordinated
slacks
no
LIGHT-ON-THE-EYES . . .
new season colors!
LIGHT-ON-THE-SHOULDERS
...
slim tailoringl
All you could wish for in f oh
ion, comfort, versatility... and
quality... a Penney ensemble
that takes you everywhere in
your casual and more formal
life as well.
Come to Penney's ... see the
new colors and unusual inter
est of Town-Clad's rippled
Surfweave sheen ... see your
self in the flattering lines of
Town-Clad's exclusive design
and feel its natural freedom
. . . feel the unsurpassed com
fort of Town-Clad's special
tailoring, too. It's truly all
you could wish for.
Sizes 36 to 46. Put your choice
on Penney's Lay-Away Today!
AT YOUR NATURAL
WEST IN A PENNEY
RIGHT-WEIGHT!
i
i
ff.-. . "J
MEIJ! MAKE PENNEY'S
YOUR STRAW HAT
HEADQUARTERS
WE HAVE A BEAUTIFUL SELEC
TION OF SUMMER. STRAWS
STYLED JUST FOR YOU.
CONTRASTING HAT BANDS
PRICED FROM
Sizes 6 - Th
1 98-3
98