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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 16, 1959)
14 MAIL TRIBUNC, Mdfort, Ofaw, Friday, Jinuiry 16, 1959 ' Post-Recession Recovery Seen Continuing Through New York -(CPD- The year 1959 is expected to be a very good one for the nation's re surgent economy. Leading economists see no boom developing in 1959, but' they are confident the post--"cession recovery which be in 1958 will continue through the new year. The consensus is that high er personal income, increased government, business, and consumer spending, a record level of construction and a shift back to inventory accu mulation will exercise power ful forces for expansion. Many economists also be lieve that inflation will be arrested in 1959, making most of the anticipated gains in economic activity real rather than illusionary. Problems Seen Although the economy will rise steadily through 1959, the new year will not be with out its problems. Competition for the con sumer's dollar will be keen and industry will be faced with a continuing profit- squeeze. The level of unem ployment is expected to de cline slowly and the Federal Reserve Board's tight money policy which makes it more expensive to borrow money- may have some effect on housing starts, later in the year. Despite these problems, economists surveyed by United Press International are convinced 1959 will witness "a sound business recovery along a broad front.' The gross national product, the dollar value of all goods and services purchased in the nation, is slated to rise around eight per cent in 1959 to a new all-time high of $472 bil lion. Some economists look for an even greater increase. In 1958, reflecting the re cession which stalled industry In the first six months, the GNP declined to $436 billion, about four billion dollars be- low 1957. The biggest gains in 1959 are looked for in industries hardest hit by the recession, including automotive,' rubber, steel, copper, aluminum, ap pliances and railroad. Construction Better The construction industry, which countered the industry trend in 1958 by operating at record levels, will do even better in 1959. The volume of new construction in 1959 may rise another three billion dol Reddy Kilowatt Says: BLOCK 1 THAT BLACKOUT! Bring Your Horn Up To 1959 Wiring Standards and be fre of blowing fuses, shrinking TV pictures, and slow-heating appliances. REMEMBER: Inadequate, substandard home wir ing is always inconvenient, often wasteful . . . and sometimes dangerous 1 FREE You can get a free Housepower check, by calling your COPCO office in most communities. WIRE-ON-TIME: COPCO customers can finance home wiring improvements through (teddy's Wire-On-Time Plan without down payment, col lateral or co-signers, for as little as $5 a month! .Ask your electric dealer or call your COPCO office. WIRE UP-qnd LIVE BETTER THE CALIFORNIA OREGON POWER COMPANY A Wettem Company Owned ani Operated by VC'cstem People lars to a new peak of almost 53 billions. The auto industry, which accounts directly and indi rectly for one out of every seven jobs in the country, is highly optimistic that its 1959 model cars will sell well. The anticipated improve ment in auto sales from 4, 500,000 units in 1958 to 5, 500,000 or more - will benefit a long list of supplier indus tries, including tires, paint, textile, glass and steel. Sparking the growth of the economy in the coming year will be the nation's 175 mil lion consumers, who account for almost two -thirds of all the goods and services sold each year. Economists anticipate . that consumers will spend close to $307 billion in 1959 for every thing from automobiles to haircuts. That would be a gain of about $17 billion over 1958. Income Increase The groundwork for this in crease in consumer spending will be laid by an estimated 5.7 per cent increase in per sonal income, reflecting high er wages and salaries, longer hours at the job and rising employment Disposable income, what consumers have left after pay ing their taxes, also will rise 5.7 per cent to a new peak of $328 billion, which will mean consumers will have almost Unseen Mites May Be Clue to Need for Doctor, Pest Man Washington-(Science Serv-ice)-Mites that bite, but can not be found, may mean there is need for a psychiatrist, in addition to the physician and the pest control operator. Discussing insect phobias that people have, Charles Pomerantz told the Entomolo gical Society of Washington meeting here that actually the three specialists may have to cooperate. The pest control operator is often called because the pa tient believes that his doctor has no knowledge of insects. Also, Pomerantz, who is head of research for the Bell Ex terminating Co., New York City, explained that many persons complain "their physi- New Year $18 billion more to spend in 1959 than in 1958. Consumers are expected to add about one billion dollars to their savings in the new year. Also brightening the pic ture is the belief that indus try's expenditures for new plant and equipment will be gin rising later in the year. This, coupled with the rever sal of inventory policies from liquidation to accumulation, will be definite upward fac tors in the economy. Excesses Eliminated The economy came through the recssion in good shape. Some excesses were elimi nated and a sound foundation was laid for the business re covery that now is picking up speed, The high level of consumer spending and government ex penditures in 1958 prevented the business decline from be coming a more serious eco nomic dislocation. A key factor behind the optimism surrounding 1959 is the great improvement that has been noted in consumer confidence since the recession hit its peak in the spring of 1958. When consumers are op timistic about their economic future, they are willing to spend a greater portion of their incomes on those goods and services which raise their living standards. cian has no "patience." Dermatologist Consulted After making a thorough investigation of the individu al's home or office, the pest control operator is often able to convince the bite sufferer that there is no scientific ba sis for his complaints. At this stage the pest control opera tor may recommend that hte customer see a psychiatrist or dermatologist. Sometimes, Pomerantz said, merely spraying the home or office with an evil-smelling; nontoxic mixture will con vince the individual bitten by the "ghost" insect that the in sects are really gone. Other times, recommending a move to a new home may end the phobia. In reciting numerous case histories of persons afflicted with insect phobias, Pomer antz emphasized the need for a combination of scientific knowledge with a "fatherly approach and compassion and understanding of the patient's problem." Many Ills Suspected When he has demonstrated the difference between real insects and mites and imagin ary specimens consisting of dust, lint and dirt particles, or even mis-weaves in bed lin ens and napkins, the pest con trol operator has the respon sibility of advising the phobia sufferer to visit his doctor or dermatologist. Many ills, such as circula tory conditions, food allergies and contact dermatitis may simulate and be diagnosed as insect or mite bites, Pomer antz said. So in some instances the physician might call in the pest control operator for advice, he suggested. Several cases diagnosed as allergies or hives were subsequently found to be the result of bed bug bites, Pomerantz pointed out as an example. However, while many per sons suffer from insect pho bias, the pest control operator must always be alert to the possibility that a previously unknown insect is the actual source of the patient's trou bles, or that , a real insect or mite may be there. As an il lustration of the need for sci entific care, Pomerantz stress ed the importance of the der matologist's studies. Nurserymen Return From Convention Representatives of the Cas cade chapter of Oregon Asso ciation of Nurserymen recent ly returned from a convention in Eugene. Attending ' f r o m Medford were Mr. and Mrs. J. Vernon Marshall, Mr. and Mrs. El wood Stansfield and Mr. and Mrs. Willard Herzburg; The Cascade Chapter con sists of the area from Suther lin south to the state line. Also representing the chap ter at the convention' were Mr. and Mrs. Myron Lehne of Roseburg. Lehne is presi dent of the chapter. SET INAUGURATION DATE Caracas, Venezuela - (UPD -Leaders of Venezuela's politi cal parties have agreed on Feb. 12 as the date of Presi dent elect Romulo Betan court's inauguration. - Turncoat Still Feels Socialism Most Advanced Honolulu -UPD-Korean War turncoat Richard C. Corden told reporters here he is glad to be returning to "the high standard of living in Amer ica," but that he still feels socialism "is the most ad vanced system in the world." The dapper-looking Corden, formerly of Providence, R.I., is coming home after almost nine years in China. He has been identified by other pris oners as the ringleader and spokesman for the 23 Ameri cans who chose to go to Bed China after they were cap tured. Not To Disembark He had his first view of American soil in nine years Wednesday when the liner President Cleveland arrived here from Hong Kong. He was interviewed on deck after he told reporters that he had been told by the American consul's office in Hong Kong not to disembark until the liner reached San Francisco next Monday. The mustachioed Corden, 31, answered questions dis passionately, although they dealt with such subjects as treason and charges of in forming. He said he "had never in tended to remain in China." - "I like a good standard of living," he explained. He called socialism "the most advanced system in the world," but added that he considered it only a step to wards communism. He did admit Chinese methods "may be a little extreme." Reporting in Duties When the term "brainwash ing" was mentioned, Corden corrected it to "political in doctrination." He answered charges of in forming on his fellow charges by stating that his duties as "squad leader, monitor and club officer" naturally includ ed reporting the comments and opinions of his fellow prisoners to the Chinese offi cials. He called .the American soldier "soft." He lives good so when he runs up against a tough situation he just gives up." Representative for Firm Named Here H. D. (Danny) Christian- son has become a registered representative of the Medford office of Zilka, Smither and company, investment securi ties firm James H. Zilka, president of the company, has announced. Christianson joins Richard Watson, vice president of the company, in Medford, to ex tend service to investors in this area. Christianson was in the investment department of the First National Bank of Oregon for two years and was cashier with Zilka, Smith er and company for eight years in Portland. He plans to move to Med ford when adequate housing is available.. Zilka, Smither and com pany has had an office in Med ford for 25 years. The office is located at 14 South Central ave. They are members of the Pacific Coast Stock exchange with direct wires to Portland arid other financial centers. The average American sees his doctor about five times a year. Black smooth leather Brown smooth leather M 88 SOFT CLASSIC moc by a famous maker in brown, black, red or beige . . . smooth leather . . . soft tip to toe! Get more than 1 pair at this saving! Inflationary Pressures Lacking In 1959; Lower Food Costs Due Washington -(DPI) Old man inflation is settling down for a long winter's nap. He may even sleep through most of 1959. So say high government economists interviewed by United Press International. They expect the economy to be relatively free from infla tionary pressures in the com ing months. One Dut it this way: "The cost of living has already lev elled off these past few months. If things go the way we think they will, prices should continue for a while about where they are now. Some might go up a bit but others, especially food costs, are going to slide. May Go Upward Another high official pointed out, however, that "if consumers and businessmen take off on a spending binge. the cost of living may start upward again. For the most part, though, the experts are confident that the value of the dollar will hold steady in the immediate future. They point to the ad ministration's announced in tention of resisting excessive government spending and tne Federal Reserve Board's read iess to prevent excessive use of credit. As for the long run - and ppnnomists are chary of mak ing long-run predictions-the outlook is not quite so rosy. Prices could well continue to nursue their historical path upward. But the rise would be more gentle than it nas been. I A lot would depend on gov: ernment policies, the state of business and the internation al situation. Over-All Stability In 1959, the cost of living may climb one month and slip back the next, but it is likely to show over-all stabil ity. Government economists offer the following reasons for this: -There is a good deal of un used manufacturing capacity in the economy. Hence, de mand for man ufactured goods is not likely to outstrip supply. The Laohokow peasants of the Yangtse province of Hu pen have founded a new in-dustry-the breeding of scorr pions, which are valued for their poisons, which have medical uses. I SPEClAl I BKT-5KIN UDCIUK I Mf ; 2 DOROTHY GRAY SKIN BEAUTIFIERS SKCUl IRT SKIN MimiK-Aii exclu sive blend of enriched emollients . that does marvels to help smooth, soften dry flaky skin. 4 oz. Reg. 4.00 NOW $2.1 WOMEN'S HIGHER PRICED HAND SEWN MOCS Your all-time school favorites usually sold for dollars more 9 MCDFOCO C!K3 -Businessmen have been pursuing a conservative in ventory policy. Economists emphasize that businessmen do not expect prices to rise sharply or they would have begun stockpiling to beat the price hikes. -Business has also been modest in spending for new factories, lathes, presses and other production equipment. Like defense spending, capi tal expansion outlays have some inflationary impact be cause no consumer goods re sult, at least initially. Not Aggressive -With full employment of men and resources not yet achieved, both labor and bus iness aren't likely to be very aggressive in their wage and price policies. -The Federal government's budget will be much closer to balance in the 1960 fiscal year starting next July than it is in the current fiscal year, when the deficit is expected to hit $12,200,000,000. In fis cal 1960, the red-ink margin will be half that large-per-haps less, depending on rev enues, policy decisions and the pleasure of Congress. Fiscal experts here feel that the Treasury will be able to do most of its new borrowing from non-bank lenders, there by eliminating the biggest in flationary hazard associated with a deficit budget. (When commercial banks lend, they create credit. When anyone else lends, it is with already REDUCED! ALL UNIT HATS VALUES TO 5.95 MANN'S MILLINERY DEPT. SECOND FLOOR CELIOSEH HOIMOHC CiEAM A luxuri ous cream to help achieve "the look of youth." Contains-10,000 vital hormone units per ounce. Reg. 5.00NOW $2.50 MEDFORD 2 PR. 7.00 existing funds.) In sum, the economists see business in 1959 moving at a brisk, prosperous pace but with enough restraint to avoid any strong pressure on prices. yfpffiM MEDFORD WASH AND WEAR NO-IRON FABRICS ArnelCotton . blend Combed cotton Celanese and cotton. Tailored styles, straight skirts, gathered skirts. Some with button trims, self belts, detachable white collars and patent belts. Easy care fabrics that last longer, washes faster and drip dries quickly. Sizes: 12tt-24V4 and 12-20. Styles similar to those pictured. Loves her PLAYSAIL Skirt A PLAYSAIL cloth skirt with durable fin ish, wrinkle resistant and washable. Fast drying. In yellow, lavender, white, black, green, beige, coral and aqua. Sizes 10-20. Matching cotton knit T shirts in sizes medium and large 2.98-4.98 Coordinantes to match: Bermudas, Capris, Clam Diggers, Shorts. MEDFORD DRESSES SPORTSWEAR SECOND FLOOR Judge Kelly Speaks 1 At Lions Meeting Jackson County Circuit Court Judge Edward Kelly discussed child delinquency at a meeting of the Crater Lions club at Ping's Gardens this week. Gene Barlow was chairman of the program. In addition to Judge Kelly, other visitors in cluded Jack Preston, Clyde Wheaton and Rudy Teatru. CRUISING INTO SPRING OUR FRESH NEW COTTON BLEND DRESSES. COOL AS A SEA BREEZE EXCITING ON WATER-SKIS! CHOOSE YOURS NOW FROM A BOATLOAD OF FLATTERING STYLES & COLORS! 9.98 iy WHAT'S THE BUSH? r London -4DPB-: Sculptor Ja cob Epstein said "I resent be ing hurried" when he turned down a $5,600 job for. a shop ping center decorative panel. The center had given him the commission three and one half years ago and recently asked to see at least a sketch. The next meeting will be Jan. 20, at Ping's. AS A SPIN OPEN MONDAY NIGHT TIL 9:00 P.M. i
