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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 6, 1958)
MAIL TRIBUNE, Medferd, Oregon, Monday, October 6, 195 3 They'll Do It Every Time By Jimmy Hatlo When vicuha first ear the JOB SHE WAS TOLD SHE'D WORK FOR OME t yOU'LL BE M3. RO SETTER'S SECREXSRY-f ITS 4 VERY NICE POSITION I'M SURE JK VOU'LL BE VERY H4PPY WITH US-vf 22 ;77 REPORT TO MR. POSEVvTER TTf WOHO&AT NINE CLOCKy-aJ A - f big j KWMMr f GET ME THE If I OR SIX AT f T4KE W ME SOM H suLL6R4vy RLE A grsf J Gross Output for 4th Period Predicted $450 Billion Yearly HA. J cumulatic y 1 which it h; been estims By ELMER C. WALZER UPI Financial Editor New York - (LTD - Adminis tration economists predict that the fourth quarter of 1958 will mmm'JKK reach a yearly billion, a rec ord high. A bis lift is is expected to come irom m- v e n t o r y ac- l ation has estimat- Eimer waizer ed wm reacn $1 billion in the fourth quar ter contrasted with a deac- ccumulation of $9.5 billion in the first quarter. That lift in business spend ing is an estimate of the In ternational Statistical Bureau which anticipates higher spending in the coming months also from consumers and eovernment. The bureau does not anticipate business spending will reach the 19o7 peak until late in 1959. The automobile industry looks for a boost of a million cars in 1959 sales. This in turn should boost steel, tire, and many other lines. Building To Rise Building is expected to hold high with road building a bolstering factor. . The International Statistical Bureau finds the consumer in a favorable position. That agency believes that total disposable income for the first six months of 1959 may exceed a year ago by $12 to $13 billion on an an nual basis. Disposable income is personal income after taxes. International finds, there fore, that consumer psychol ogy is good and notes that at no time was it depressed as business psychology. "This." says the bureau, '"has been important, consid ering the rise in unemploy ment. The public seems to have worried less about eco nomic trends - a logical de- veloDmcnt. "Now with employment eainins. although unemploy ment is still high, consumer psychology should improve still further "Business psychology has imriroved even though the margin for profit is still nar row. The liberal sales at the consumer level and the more favorable psychology encour aged greater selling etioris Adverse Side Market men have listed sev eral factors they consider less favorable for tne economy. Their list is topped by tight money which is expected to affect adversely the home - building rate and the higher money ratesj which are help ing knock U. S. government bonds down. The analyst for the stock and bond firm of Clark, Dodge & Co. has some inter esting comment on thf. gyra tions in bonds: "The phenomena of the bond market yields against the stock market yields is hard to understand at this juncture. "Evidently the psychology affecting both the markets is acting like a spiral. As money rates increase investors be come more fearful of inflation and this in turn attracts more money into equities and as less money is attracted to the bond market and yields and prices fall, more people are convinced of further money inflation and additional de flation of fixed income securities. L. O. Hooper, analyst for V. E. Hutton & Co., warns that uncritical buying of stocks involves risks which the public currently is reluct- s ant to recognize.- "Too much recent psychol ogy," he says, "has been as sociated with 'it's going up isn't it' rather than 'it's worth it isn't it'." Highway to Alaska Combines Scenery With Clouds of Dust Washington - (UPD - A combi nation of dust and some of the most magnificent scenery in the world-that's the 1,500 mile Alaska highway from Dawson Creek, Canada, to Fairbanks, Alaska. George Burns, an American Automobile Association field rerjorter. gave this descrip tion of the lone drive in in formal reports to AAA head quarters here. He said he encountered so much dust that in different areas it had different flavors. But he said the dust does little to detract from the imDort- ance and scenery of the major overland route to what will some day become the 'Union's 49th state. Once Called Alcan The highway, originally called the Alcan, was built by the United States in 1942 to get supplies to airfields on the flving route between this country and Alaska. More than 10,000 Army engineers and 6.000 civilian workers built the gravel road in. the unbelievable time of seven months. Burns said "every car trails a plume of dust almost a quar ter mile long, nearly the width of the highway and about 25 feet high, depending on wind and dryness." "When you get caught in another car's dust trail, you suffocate through your rolled up windows, peer anxiously if futilely to penetrate the fog beyond the hood of your car, then just sigh a prayer that there's nothing ahead as you decelerate and wait resigned ly for the cloud to dissipate." Oh for a Camera ' Offsetting the dust, mosqui toes, bumps and general driv ing fatigue, Burns reported, is some of the most beautiful scenery in the world. "I believe if you pointed your camera out, the car win dow and snapped the shutter every few minutes .without even looking, you'd get a se ries of spectacular pictures," he wrote. He said there are "lakes, mountains, rivers, forests, then another mountain. It's a never ceasing, unfolding won der. Soon the size and extent of it have a hvonotic effect. You're living in a world of unreality." Despite the rugged driving conditions. Burns said, the highway for the past three years has never been closed more than 24 hours . .w .4. ..-.wjr&- WARDS ANNOUNCES DOGS RUN FREE Rome -HTD Rome's stray dogs ran free all week end . in memory of St. Francis of Assisi. The dog catchers took 48 hours off to commemorate the festival of the saint who loved animals and birds. DOCTOR DIES New York 4UPD- Dr. Fred erick W. Maroney, 73, for mer dean of students at the Brooklyn college, died Sat urday of a heart ailment. WALKER SAFE MOTORIST Bridlington, England - (UPD J. Walker was advised today he has won a competition for road safety. AN EXCITING EVENING PRE. VUE OF WARD WEEK THE SALE WHERE ALL AMERICA SHOPS AND SAVES! MONDAY, OCT. 6, 7:00 to 9:00 P.M. FREE! 8 Rolls Delsey Tissue Yes, with purchases of $10 or, more on Carnation Night you get 8 regular rolls of Delsey Tissue FREE! The finest you can buy! Quantities limited first come first served. 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