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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 12, 1960)
SUNDAY. JUNE 12. I960 8 MEDFOHD MAIL TRIBUNE. MEDFORD, ORE. They'll Do It Every Time By Jimmy Hatlo Real estate salesman jack sells a SHACK AND MAKES $50 ON THE DEAL' SZOO-YEAH' OK Ay-1 CAH USE AN OLD r FISHING K SHACK Salesman mack Also makes a deala gravel pit on which his end is $6q.. 1 I 1 "Si si I A I ai ni v . ''aavt uAUTcn m nuu t? j'- -"Vt i SO THEM CHoSe PvACA-nON GLAD TO HEAR IT-PAL I JUST JACK AND MACK ( ACREAGE"-MADE A J f LTR J MEET ON THE V NICE $ 2,000 f .fSSsh atit..' il STREET"-NOW COMMISSION- J V mAdILvlCo?' LISTEN TO A x ,- yMADE MYSELF $3,0OO Construction Seen To Hit New High Elmer Waller By ELMER C. WALZER UPI Financial Editor New York - (UPD - All con struction during the current year is expected to run to ?89 billion, a rec- cord high. Of that amount new construc tion is placed at $54 billion and moderni sation and re pair at $15 billion. The housing starts, how ever, are expected to fall be low the revised figure of 1.5 million of 1959. This year's starts are estimated at 1.2 million and that's about the same rale they have been running recently. A pickup In housing, how ever, is looked for in the sum mer months with mortgage money expected to ease some what and become more plenti ful. Housing is considered high ly important in the economy and any increase is expected to boost morale in the build ing industry and give other lines a big lift. Homebuilding Low Homebuilding in the first four months of 1900 has been down about 21 per cent from a year ago. The year's low was registered in February and currently a gain is report ed in progress. While the warm weather Is expected to boost housing starts, the experts warn that there is no boom in the mak ing in that segment of the industry. Value of all construction put in place in the first four months of this yea- is running 3 per cent under last year. Plant and equipment ex penditures are expected to rise 14 per cent over 1959 to a record high to help lift the overall outlays for build ing which are expected to show a 3 to 5 per cent rise over 1959. Value of new construction put in place in May rose 10 per cent over April to a total of $4.5 billion. For the first five months of the year, new building amounted to $19.6 billon, a decline of 2 per cent from the $20.1 billion figure of 1059. All Ships Berthed For Rose Festival Portland (DPIi-Portland Rose Festival activities were in full swing today with Queen Jean Ann I reigning over the Jun ior Rose Festival parade se for 2 p.m. I The last seven ships of the festival fleet of 20 tied up at the seawall Thursday after-) noon with the arrival of five Japanese and two Catia- j dian destroyers to supple ment American vessels al ready present. j Porllandors got the carni val spirit at the unusual sight of three fleets to the wind. Private construction in the first five months dipped 1 per cent from a year ago. Public construction was down 11 per cent. Construction, which makes up more than 10 per cent of the gross national product, is regarded among the prin cipal industries of the nation. In ordinary times the pros pects of a recovery without an assist from construction is considered out of line and on the impossible side. Economisli Optimistic Economists, recently noting the strength in the general economy ' while such major lines as housing and steel were sinking, hold that the current business picture gives promise of doing much better than had been anticipated by many experts. The high level of industry is seen as reflecting resiliency in the general business pic ture. We've been able to make up in other lines what is be ing lost in some of the major ones. Back in the early postwar years the business analysts called our current situation a rolling adjustment. They held this meant the economy generally was inherently strong and that whilo one in dustry was slipping another could pick up to offset its effects. While the name isn't being used Wall Street is convinced we are in a typical rolling adjustment and holds that it can work out to the general benefit of the economy. Additional housing at this time, it is fell, would work wonders in stimulating the general economy. Such situa tion would be felt in many industries - steel, building materials, house furnishings, nnd myriad others. Climbing Fast According to Prentice-Hall, business spending on machin ery and equipment will be ' the fastest climbing gross na- i tional product segment this year. Such purchases. P-H says, will zoom by 17 per cent above the corresponding period of 1959. International Statistics Bu reau says war mweather is expected to bring with it a pickup In the over-all con struction picture. Highway construction should gain and those areas of the country where building has lagged, should show an Increase. A step-up in construction should prove an aid to the steel industry, it is noted, Also It could well litt the car- loadings total and bring in vast amounts of buying many related lines. Hatfield Expects No Tax Increases Portland -(UPD- Gov. Mark Hatfield said Thursday that no increase in taxes is expect ed in the 1961-63 biennial bud get. Speaking to an annual meet ing of the Associated Oregon Industries, Hatfield said rapid improvement in the business climate in Oregon has made revenues exceed "the esti mates that were reasonable 14 months ago." The governor suggested that administrative economies had helped pare expenses. He added that the next budget would be financed in part by a carryover of "unexpected funds." Funds for Bomarc Bases Approved Washington-llPII-The Senate Appropriations committee to day approved funds to restore the administration's scaled down program for the Bomarc anti-aircraft missile and fi nance completion of Bomarc bases in Oregon and Washington. The Northwest bases are located at Camp Adair near Corvallis in Oregon and at Paine AFB near Everett, Wash. The funds were contained in the committee's approval of a 40 billion dollar defense money bill. Medford Can Expect Boost in Per Capita State Tax Revenues The city of Medford, along with most other Oregon cities, may be able to expect a boost in per capita state gas and liquor tax revenues during the 1960-61 fiscal year. According to figures re ceived from the League of Oregon cities, the estimated per capita allocation for gas tax revenue has been revised upward from $6.85 per person to $7.29 per person. Liquor tax revenues have similiarly been revised upward ' from $1.95 to $2.10 per person. The state refunds a certain percentage of its gas tax and liquor tax revenues to in corporated cities in Oregon each year. It distributes these revenues on the basis of pop ulation so that more people a city has the larger the tax refund it will get from the state. Reason For Revision The reason for the revised estimates, according to the League, is that the federal census will show the popula tion residing within incor porated cities in Oregon to be much less than the state census board's own estimates. State population estimates have been the basis for dis tribution of tax refunds. The reduced population fig ures will be widespread among most Oregon cities. Total reduction from state estimates in all Oregon cities of 10,000 population or more will be about 58,000, the League notes. Had the federal census fal len below state population estimates in only a few Ore gon cities, it would have had the effect of reducing those city's total allocation of state tax refunds. Most Cities Decrease However, as most Oregon cities showed a decrease over earlier estimates, the effect will merely be to increase the per capita allocation for all cities and the total for each will remain about the same. Medford will probably be more fortunate than most cities because it preliminary census enumerated popula tion is only about 2,000 below the state's estimate. Where as such cities as Klamath Falls and Portland, are consid erbly more below state esti mates. In the city's proposed 1960 61 budget the city administra tion has estimated state liquor tax revenue to be $48,655, compared to the current year's $55,831 and the gas tax rev enue to be $180,155 compar ed to the current year's $172, 018. However these figures were based on the League's former per capita refund esti mates of $1.95 and $6.85 re spectively. Based on Figure These estimates were also based on a 26,300 population figure rather than the prelim inary census' population fig ure of 24,300. Administrative Assistant Gil Gutjahr said this was done because the city knew that most Oregon cities had overestimated their pop ulation so the relation of Med ford's population to other cities would be about the same. Gutjahr notes that if the League's estimates are right the city will undoubtedly pick up additional tax refund money from the state. How ever, he points out that the city always estimates state tax refunds conservatively because there is no way of telling just how much the city will receive until after the fiscal year is over. It is better to be underestimated than overestimated in a city budget, he added. Liquor Tax Revenues State liquor tax revenues, when received, are placed in the city's general fund and indirectly help pay for the police department. Gutjahr notes this is done because the sale of liquor results in law enforcement problems for cities, therefore part of the liquor tax is given to the cities to help defray this cost. He pointed out that the League of Oregon Cities is asking the state legislature to increase its liquor tax refund to cities because the cost of law enforcement generated by liquor sales is actually high er than the refunds cities are now getting. Incorporated cities get about 10 per cent of both the total liquor tax. and gas tax 35 $30 1 1 WOOD SUMMER PRICES 2 Cords Laurel 2 Cords Dry Body Fir SP 3-1855 Wasiiington-OJPIl-The Army announced today that a Nike Hercules antiaircraft missile shot down a Corporal ballistic missile in an "experiment" over the White Sands, N.M., Missile Range a week ago. $15,250.00 3 BEDROOM JEFFERSON SCHOOL Almost new owner built immaculate home. If this doesn't suit you, nothing will. Has 1 Vi baths, too. REAL ESTATE EASTSIDE LOT $1,800.00 SACRIFICE PRICE GENESSEE APARTMENT HOUSE LOCATION 238 ft. of available front age. Nothing on the east side like it, quiet, close in, NEAT, NICE, PRICED RIGHT Absolutely nothing needs to be done. Cute as a but ton. Sliding glass door opens master bedroom on to private patio. The $14, 500.00 price will also please you. ( VANDAGRIFT LEEVER-WHALIN I 1 REALTY I l 328 South Centre! I Ph. SP 3-5391 A COUNTRY AIR IN COMFORT This is a dandy, neat home just a few minutes from town, yet in a rural area. 2 bedrooms and alt the amenities for just $10,-500.00. SHADY COVE SEE F. FAGALDE Cabin on river, trees, ni setting, $5,500. Justin Smith SP 3-6368 Florence Fagalde ....TP. 8-261 1 Bill Kerr SP 2-4496 Ann Rice SP 3-567S Lloyd Bishop SP 3-4256 22 acres, small dairy, irri gation, nice 3 bedroom home. Good highway front age. 1 8 extra acres can be leased. $28,000. Terms. revenues, the rest remaining with the state or going to county government, Gutjahr noted. Gai Tax Refunds State gas tax refunds are directed by state law to be placed in a city fund called the State Tax Street Fund. They are to be used only for construction and maintenance of city streets. Gutjahr said that gas tax refunds just about cover the cost of maintaining Medford streets. Actual construction of new city streets must come from other sources such as the 10-year street improvement bond issue approved by the voters in 1956. Griffin Creek Area 314 acr.i, excellent well, irrigation water available. 3-BEDROOMS, 1V4 baths, wall-to-wall carpeting. Property well kept. $14,250 SP 3-4415 in rrj WE WANT YOUR HOME IN TRADE On A Beautiful . . . New 3 or 4 Bedroom Home IT'S EASY TO DO Our Trade Plan Will Fit You! Just give us a call and we'll gladly show you how you can use your present home as a down payment on a new, spacious 3 or 4 bedroom home in beautiful Ear hart Park. E. MAIN Z o 3. 3" AS LOW AS "V (J fci down That's All The Equity You Need! Fortune Earhart Park I In 1 13 I is I 1 South End of Willamette Street 00 East Main Street DRIVE OUT TODAY! Open Noon to 5 P.M. Week Days 6 P.M. to 8 P.M. Vandagrift - Leever - Whalin Realty 328 South Central Phone SP 3-5391 ir i IRRIGATION PUMPS to 60 H.P. $OQ50 From MmW UP Washinglon-H'PIi-A new, ma jor American relief program for the earthquake victims of Chile was under Intensive consideration at the White House today with some possi bility of action by late Sat urday, administration sources reported. "A7 Builders Supply 727 W. McAndrewi SP 1-4575 Irlcks QUALITY II n CL-II-... 3 111 fi OIldllUTT 00 Well 08 Vi H.P. DEEP WELL With 42 Gallon Tank .4 xnrl Air if Charger 15450 Complete Siskiyou Hardware Ph. SP J-2939 J2S W. Mile MEDFORD. OREGON Wt Giv StH Green Mjmpt jPlWE BETTEI' designed and built by A. R. Dubs . . . exciting for modern family living! MEDALLIOM 308 Stanley St. in Medford School District Located in Country Club Manor South of Golf Course This distinctive, large 3 bedroom family home features wide, low rustic overhangs with a lifetime shake roof, blending with beauti ful Palos Verdes stone; ' covered patio; built-in barbecue; built-in music center area; complete slate entry; beautiful cedar and walnut panelings; beamed ceiling; mo saic tiled bath and utility area. Guaranteed by the Bronze Medal lion, some of the features are: Modern ceiling cable heat, Vacu Flo cleaning system, indirect liv ing room lighting, all-electric kitchen. (Lmk For Information Phone SP 3-3933 BLOCKS "" o o 0
