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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 18, 1959)
- Magazine Eyed Business View On Length of Skirts in 1929 r By ELMER C. WALZER UPI Financial Editor New York (DPD The first issue of the magazine Business Week published on Sept. 7, fT11" 1929 nroves to Wall Street that when la dies skirts are lengt hened you'd better look out for bad business and declining stocks Business Week in cele- 30th birthday er Waber bration of its has published an exact replica of its first edition and one of the feature dispatches is head lined "skirts come down, trade picks up. The trade pickup was ex pected to come from the fact that to make skirts five in ches longer would take 250 million more yards of goods a year. Doubtless that didn't pan out in the big depression that came soon after that headline was written. :. If you're thinking about this year's styles, the ladies assure this department skirts are go ing to be short. That's a har binger of favorable business. Evidently this discovery of skort skirts equaling prosper ity; long ones indicating a re cession . or - depression wasn't Iried and proved in 1929. Early Crista Elliott V. Bell, editor and publisher of Business Week, in a foreword in the anniversary replica edition, says: 'If the publishers of Busi ness Week could have fore seen, in 1929, the events lying just ahead they might well have lacked the courage to embark on such an uphill ven ture. Fortunately they had no such fatal foresight. "The new publication, a lit tle flip and perhaps naive at first, soon found itself fight ing to survive in a world: of economic chaos. "In the years that followed there was forged, I believe, an organization a staff, a tradi tion, an approach to the re porting and analysis of news for the businessman - far bet ter than would have existed without the chastening of the great depression." If the editors didn't know what kind of depression was ahead, they did know that all wasn't well even though the stock market had just set new record highs. On the first page of the issue, they said: "Security speculation has eaten nearly all its credit cake. Stock prices are gener ally out of line with safe earn ings expectations, and the market is now almost wholly "psychological - irregular, un steady and properly apprehen sive of the inevitable adjust ment that draws near." .... In its first issue, Business Week in 1929 noted that the stock market started strong after its triple (Labor Day)' holiday. Call money then hov ered around 9 per cent. Stock exchange member borrowing rose to $7,881,619,000, a rise Interim Tax Group Studies Problems Salem (DPD Taxation of insurance companies, timber and timberlands, and' repeal of the tax on inventories were to receive the spotlight in a three-day meeting of the Legislative Interim Commit tee on Taxation. "Rep. Clarence Barton (D Coquille), chairman, said the meeting started with a tour Thursday of Crown Zeller bach Forest lands in Colum bia and Clatsop counties so the committee could get in formation on, problems un derlying the property tax on timber. Today, a subcommittee on timber: and transportation taxes-met in Portland to dis cuss the background and op eration of present timber tax laws. for August of $407 million. Secretary Mellon cut the in terest rate on short-term U.S. governments from 5Vb per cent to 4Va per cent. Business men back in Sep tember, 1929, didn't think the end of the world had come. The first issue of Business Week said under the headline, "Five thousand six hundred business men think: "The average volume of gen eral business in the country as a whole during September, October, and November will be about 6 per cent better than at the close of August and 5 per cent over the same period last year." Magazine Policy And later in the item, the magazine concluded: "con tinued high money rates - par ticularly for mortgage money and rural credit - are retard ing business. "The slump in building con struction, exessive instalment buying especially of luxuries and automobiles - and increas ingly keen competition in the retail field because .of chain store development are things to worry about." In an edi torial entitled, "Why the Business Week?' V the editors noted: . . . "You will find the Business Week always . has a point of view,, and. usually a strong opinion. Both of whiqh it does not hesitate to express. "You may find a little hu mor somewhere, if you look sharp. ; . "And all the way through, we hope, you will discover it is possible to write sanely and intelligently of business with out being pompous or ponder ous. We hope you will miss those gague but solemn gen eralities about business that pass so often for deep wis dom." Perhaps that last paragraph - which was followed by the magazine - accounts for its ability to grow strong and great' through the depression and three wars - World War II, Korea, and the Cold War. MAIL TRIBUNE,McdforJ, Or. Tiidr, Sept. It, 1959 - DR. MAX FLOWERS Opens New Officers . Dr. Flowers Opens Offices in Valley Central Point - Dr. Max D Flowers, Jr., has opened new offices at 25 North Fourth st., Central Point. He is on the staff of the Medford Osteo pathic hospital and came to the valley from Ft. Worth, Tex. Dr. Flowers took under graduate work at Missouri State Teachers college, Kirks- ville, Mo., and was graduated from Kirksville College of Osteopathy and Surgery. He completed his' internship at Ft. -Worth Osteopathic hospi tal in 1952. The office is a newly-con structed building behind the Rexall Drue store. A parking area has been constructed for the convenience of patients Mrs. Franklin Gebhard is receptionist and office hours will be from 9 a.m. to 5 p.m week days, except from 9 a.m to noon Wednesdays and Sat urdays. Dr. and Mrs.' Flowers have four children and reside at 1055 Pine st. " OPEN FRIDAY EVENING TIL 9 P.M. SEE SEARS COMPLETE FAMILY OF WATERPROOF FOOTWEAR WOMEN'S AND GIRLS' GRANDSTAND BOOT CHILDREN'S PLASTIC BOOT $4.9 $3.99 JUST SAY CHARGE ITI White rubber in womens and girls -sizes Completely waterproof and it is washable inside and out. -v.wi.v-y.w.'vWA BUDGET PRICED SNAP BOOT JW lil u?. . karfcLV ft f .- IU IV A USE SEARS NEW REVOLVING PLAN ' l I I 'MM fl " ' " -Jaai.i jfn WOMEN'S 2-LOOP : SEARS . Wh '1 .;. J . -1 . Boys' 4-Buckle Arctic Boot 4" Wcfmen's Clear Plastic RAIN BOOTIE A. back to school must for the rainy weather ahead. -a Rugged construction and " felt lined for extra warmth. MEN'S 2-BUCKLE WORK RUBBER O See Our Complete Selection . of Industrial Weight . BARN BOOTS MENS AND WOMENS SIZE , Just uy. "Charge It" on SRC use as a 30-DAY CHARGE ACCOUNT OR Take months to pay. - , jtom money 4ac6 ROEBUCK AND CO. Jackson at Biddle Open Daily 9:30 a.m. to 5:30 p.m. Fridays Til 9 p.m. you are cordially invited to attend the tawiiiiiiiiiiiiH A HHHtaslHH , ppliiiiillilliilllli i i - fi -'.vf mum 101002,1 i inn-Mil, ,- i. I,. j&mmttiitM,ii-v,- :-;r?:.r-.VW : ::mii:si;fe'--....r - , a swT,i,a ' "'1 of the Rogue Valiev mm State B anlc conveniently located in Medford's new shopping center at' 781 East jacksom boulevard Saturday , September 19, 10 A.M. Till 4 P.M. for our guests we have planned . . . O ORCHIDS FOR THE LADIES O GIFTS FOR THE CIEfl O TOYS FOR THE KIDS O DOOR PRIZES O COFFEE AND DONUTS plus. beautiful organ music in the lobby and displays of the latest in Electronic Bookkeeping Equipment 1 1 fV'1;' YOU'LL LIKE THE SERVICES at the new East Medford Branch, Rogue Valley State Bank GLENN M. LUSK Manager East Medford Branch DRIVE-UP BANKING . . . from 9 to 5 en weekdays, and 9 to 1 on Saturday FREE PARKING , . . in our spacious lot for more leisurely banking WALK-UP WINDOW '. . . to provide you late banking service . . . from " 3 to 5 weekdays and 1 2 to 1 Saturdays NIGHT DEPOSITORY . . .for night and week end deposit protection. SAVINGS . . Earn 3 - interest on your savings deposits, insured to 1 10,000 !;i . CHECKING ... regular and "Pay-Go" special checking accounts keep your money safe yet handy as your cheek book. ELECTRONIC bookkeeping for accuracy and efficient handling PERSONALIZED CHECKS ... FREE! Imprinted with your name, address and account number SAFE DEPOSIT VAULT ... 24 hour-a-day protection for your valuables ... Costs just a few pennies a month. LOANS . ... Personal, Auto, Real Estate, Appliance, Busi ness ... Loans for almost any worthwhile pur pose ' ALSO! ... Certified Checks, Cashiers Checks, Personal Bank Money Orders, Travelers Checks, Bank Drafts, Savings Bonds, Collections, Contracts and Escrows. AND ABOVE All -A FRIENDLY INTEREST IN YOUI OFFICERS i'OsSZH ";.L " ' - ' " Ron E. Cordon President Vice President Vice .President Mgr. Neal A. Curry . Cashier Gertrude McCorkle .. Assistant Cashier DIRECTORS: W. H. Young Chairman '. Farrell Leonard Bradshaw J. H. Stanley Clarence H. Young ROGUE VALLEY STATE BANK Main Branch-1 109 Court St. P East Medford Branch-701 E. Jackson Your llorne-Onnsd Bsnk Serving Jackson County Sines ION Member Federal Deposit Insurance Corporation and Federal Reserve System
