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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 9, 1956)
SIX MEDFORD (OREGON) MAIL TRIBUNE Monday. July 9, 1958 Another Boom Year of Spending Seen By Economists in Look at Prosperity By PATRICK CARR United Press Correspondent New York (U.R Economists took long look at the state of the nation's prosperity with the beginning of the second half of 1056 last week and decided the public might spend itself into another boom year with some reservations. "As long as the public has money in its pocket it will prob ably spend it." said Secretary of Ommerce Sinclair Weeks. He put this at the top of a list of optimistic indications for the economy in the final half of the year, for employers were pour- in? record salaries, bonuses and commissions into the pockets of their employees. Employment approached record levels. Divi dend payments to a growing number of stockholders topped .- il other half-years by a consid erable margin. Seme Gloom Included Eut in the bright outlook for (he second half of the year there was some gloom. And most of it centered on the spending hab its of the American public. Men with money in their poikets were shying at buying automobiles and TV sets, be cause they were either well sup plied with these products or Girl Who Lived Nine Days in Auto Wreck Improving Salt Lake City (U.R) Jean Margetts, the girl who lay nine days amid brambles under a smashed auto, entered her ninth day of convalescence today in a hospital bed surrounded with fiowers. Salt Lake City's two daily newspapers, the Deseret News and Salt Lake Telegram and the Salt Lake Tribune reported a flood of letters and money con tributions to cheer the spunky girl and help to finance the long vacation she will need on re covery. Improvement Continues Doctors said the 18-year-old Sunnyvale, Calif., girl "con tinues to improve with definite progress" over previous reports. Bulletins issued by the physi cians have noted Miss Margetts asked what hospital she is in she is in Latter-day-Saints hos pital here but not why she is there. They said she has com plained of "general pain" but has made no mention of what is was like to spend nine days un able to pull herself from under the car that plunged off a Wa satch Mountain summit June 24. News Conference Planned Miss Margetts was found alive and her fiance dead the night of July 3. The yourlg man whom she was to have married next year, James B. Hixon Jr., 22, Salt Lake City, was lying some 15 feet from the car which took his life. a Meanwhile, doctors who said earlier they couldn't explain how the girl survived announc ed they would hold their first press conference later today to tell about their treatment of the remarkable case. Criminologist's Son Held in Ax Slaying Elko. Nev. (U.R) Authorities today held the" young adopted son of a nationally prominent criminologist in connection with the pick-ax slaying of a Balti more tourist. The victim, Paul Brooks, about 45. was found in a down town alley in nearby Wells Saturday night with a' six-inch deep wound behind his ear. Dist. Atty. Grant Sawyer said David Clark Sellers, 22, was found near the scene, a bloody pick-ax at his feet. Sellers is the adopted son of J. Clark Sellers, handwriting ex pert whose testimony helped convict Bruno Hauptman of the Lindbergh kidnaping, Arizona trunk murderess Winnie Ruth Judd and California liquor boss Arthur Samish. He was a student last year at Utah State Agricultural College. Lcpan. Utah, and was working in Twin Falls. Idaho, until com ing to Wells for ranch work. Sawyer said apparent motive for the crime was robbery. The victim reportedly was carrying about $80. Dead line Sunday Classified is at at noon Saturday. PICTURE TUBES REJUVENATED Is your picture tube dull an weak? Most picture tubes can be restored to original brightness at only fraction of the cost of replacement. For further information CALL Electronic Service 13 N GRAPE PH. S-WI were waiting for newer models. And they were buying fewer homes because mortgage money was tight. Other factors holding 1956 s economy in some restraint were the high cost of living, a reduc tion in the demand for new farm machinery, and the un known influence that the steel strike might exert if it continues for a long time. Brightest Reports The brightest reports came from government sources anx ious for high business activity during this election year. But on most points their reports were backed up by industrial, business and financial sources. They predicted industries and individuals would buy S405.000, 000,000 worth of goods and serv ices this year, which would make 1956 a more successful business year than 1955 when the figure was S382.200.000.000. Another boom year prediction came from industries and busi nesses who expected to spend 535.000.000,600 to expand and grow and meet the demand for more products. Individual reports that indi cated more prosperity for more people came from scores, of sources. Dividends for the half year just ended rose to S4.900.000, 0C0 12 per cent above the same period of 1955. Americans were setting trav el records both in the United States and abroad. Foreign Trade Foreign trade headed for a record year, with the total value of exports 15 per cent above last year and imports 17 per cent higher than 1955. accord ing to reports for the first four months of 1956-. The construction industry pre dicted the demand for new fac tories, offices, stores and ware houses would boost its business to S44,500,000,000 before the year is out, an increase of $1, eOO.000,000 over last year. Highway building contractors said they signed Sl.500.000,000 in new contracts in the first six months of this year enough to keep them busy for years to come. The textile industry reported recent greater demand which will prove their generally cloudy future for the remainder of the year. These and numerous 'other factors led 11 business execu tives to report recently in Chi cago that "the book of the last few years will carry through the close of 1956 with some declines." The year, generally speaking, will be good for business and good for the American standard of living, they predicted. Cook Enthusiasts Tied on TV Quiz New York (U.R) Marine Corps Capt. Richard McCutchen and chef Joseph Amblard tied for the $8000 prize on "The S64.000 Challenge" television show Sunday night. McCutchen. winner of the top money on "The S64.000 Ques tion," was challenged by Am blard two weeks ago for the title of champion in the show's food and cooking category. Both correctly answered a question in which they had to pick from 10 types of Italian pasta the particular kind used in four designated dishes, then de scribe the dishes themselves. Miss Ethne Chesterman of New York lost her title as ancient history expert to Andrew Nass, New Bedford, Mass., fisherman. The 15-year-old high school girl was unable to name the emperor who was the brother of Pul cheria. The correct answer is Theodo sius II. Nass took the title and $4000. McCutchen and Amblard will try or $16,000 next Sunday. Mt. Hood Scanned For Missing Woman Hood River (U.R) Mountain men aided by an airplane seach ed the rugged Mt. Hood area to day for Alice Nielsen, 25, Salem, who had been left halfway be tween Cloud Cap Inn and the summit after she became ill. Miss Nielsen apparently was feeling fine when her party set out from Cloud Cap Inn for the summit shortly after Saturday midnight. Her companions said that after three hours of hiking she complained of feeling ill. A member of the party of three said he instructed her to stay where she was but told her that if she had to get back to stick to the trail. Two hours later, after the oth er hikers' had been turned back by soft snow as they approached the summit, they rechecked the area where they had left Miss Nielsen near Cooper Spur. When no trace of the missj'ng FOR RENT or SALE Adding Machines Calculators NEW - USED George Wilson - Ph. 2-7862 woman was found, the sheriff's office at Hood River and others were pressed into the search. A plane apparently picked up her trail about 4 p.m. yesterday. It directed the ground search par ties along her route until her foot marks became lost in a rock bottom canyon out of the snow belt. The sheriff's office at Hood River said the search was re newed early today, with the plane again seeking to find a lead for the ground searchers, from Hood River and Salem. 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