G
O
SUNDAY, AUGUST 7. I960
MEDFOKD MAIL TRIBUNE, MEBF0BD, ORE.
O
B
Hi . t I -J :Q ft"-.
WELCOME HOME Dick and Pat Nixon home from Hawaii. The Republican Presi
wave to the huge crowd gathered at the tenial nominee had been in Hawaii on a
Seattle-Tacoma airport to welcome them campaign tour. (UPI Telephoto)
Retailers Counting on Record
Personal Income To Help Sales
Henry Bechtold
By HENRY J. BECHTOLD
UPI Financial Editor
New York - (UPD - The na
tion's retailers are counting
on record personal income to
help make
1960 a banner
sales year.
Total retail
volume is ex
pected to
reach $226
bi.iion, a gain
of 4 to 5 per
cent over
1959.
Top retail
executives remain fairly op
timistic about prospects for
second half sales despite some
apprehension over the short
term state of the economy
voiced in many circles.
To reach this record sales
figure, better' year-to-year
comparisons will be needed
during the important fail and
year - end seasons since the
first half gain was only 3.1
per cent, according to Stan
dard & Poor's.
. The statistical agency notes,
however, that comparisons
over the coming months will
be against some slowing of
the year earlier pace when
demand was affected by the
Steel strike and unseasonable
weather.
Diverse Movements
There were some diverse
movements in consumer de
mand in the first six months
this year. Sales got off to a
slow start in the early months
because of adverse weather in
many areas, A sharp gain
was chalked up in April, part
ly reflecting a late Easter, but
gains in May and June were
again rather limited.
Standard & Poor's says de
mand in various sectors dur
ing the first half reflected ef
fects of the steel strike, and
of unemployment. In addi
t i o n, consumers apparently
were more anxious to reduce
debt or increase savings, than
to purchase goods,
Another factor was price
cutting in the appliance field
which may have led to some
deferment of demand in ex
pectation of further price re
ductions. Better Trend Seen
" Retailers see the combina
tion of record personal in
come, deterred Duymg ana
improved consumer finances
through debt reduction and
Savings all contributing to a
sales gain of as much as 5 per
cent in the last half over the
like 1959 period.
Apparel stores, which did
considerably better than other
segments of the trade during
the first half, are expected to
continue this showing in the
latter half. These stores bene
fitted "from a good Easter
season and from additional
sales from new stores opened
by leading chains.
Standard & Poor s sees con
sumers continuing to be at
tracted to these stores by the
availability of good values,
aggressive promotion, and
broader selection of merchan
dise. The growing teenage
market in another favorable
factor.
Alabama Congressman to
Inject Tidelands Oil
Issue Into Busy Session
Mail order houses, which
scored above average volume
gains in 1959 with the aid of
expanding catalog sales and
aggressive develop m e n t of
credit business, continued this
trend in the first half of 1960.
Department stores, which
kept ahead of 1959 in the
early months with the help of
a good Easter, made a less
favorable showing in the May
July period because of the
somewhat slower consumer
demand and closer pricing. -
A better trend is expected
to develop this quarter
though, with further gains
likely in the important final
period when the bulk of an
nual profits accrue.
Washineton - (UPB - An Ala-
gama Congressman will inject
tidnlands oil issue into the al
ready-crowded work schedule
facing Congress at its post
convention session.
Ren Kenneth A. Roberts
(D-Ala.), said Saturday he will
introduce a bill to give Louisi
ana. Alabama and Mississippi
offshore oil rights up to 10
and one half miles irom ineir-shorelines.
HnhpHs' venture, which ap
parently does not have Senate
support at this time, is not
expected to get out ot com
mittee before Congress ad
journs.
The bill would be an
amendment to the submerged
lands act of 1953 wlucn set
the offshore limits for all Gulf
of Mexico states at three miles
unless a deeper "historical
boundary" was proved.
The Supreme Court, in a
May 31 decision, ruled that
Florida and Texas provea His
torical boundaries, it graniea
them rights extending 10 and
one half miles, or three
leagues, into the Guif. How
pvpr. the court ruled that
Mississipi, Louisiana and Ala
bama did not have similar
proof and restricted them to
three miles or one league.
Neither Alabama nor Mis
sissippi stand to lose much by
the Supreme Court devision
at present. However, Louisi
ana, which has done a thriving
business in offshore oil drill
ing, would lose $300 million
under the Supreme Court de
cision.
Rohprts said the decision
was "unfair and unconscion
able. It was certainly not the
intent of Congress in passing
the submerged lands act to
give any particular state spec
ial privileges while roooing
and short changing other
states."
This viewooint coincides
with that of Justice Hugo L.
Black who said in a dissent
that "nothing in the act itself
indicates Texas was to be
given any more consideration
in this ease man Louisiana,
Mississiooi and Alabama , , .
in my judgment to interpret
this act which grants the land
to Texas and Florida and
withholds It from other Gulf
states simply prolongs this
costly and disquieting contro
versy. It will not be finally
settled until it is settled the
way Congress believes it is
right, and I do not think Con
gress wiil believe it right to
award these marginal lands to
Texas and Florida and deny
them to all the other Gulf
states,"
A spokesman for Sen. Allen
J. Ellender (D-La.) and Sen.
John L. Sparkman (D-Ata.)
indicated they would not push
any legislation until the Su
preme Court ruies on an ap
peal for a rehearing.
They do not expect a court
decision until after Congress
adjourns. This would post
pone any legislative action
until next January.
I
- - ' ' i
r'J'' ' ' "
I
it --S i ',:-y J'
t ' i
I iiin mi n
"w&TANGA'S PREMIER Moise Tschombe, tions undersecretary. Katanga virtually seat-
Premier of the Congo's Katanga province, ed itself from the outside world Saturday
tas to newsmen in Eiiabethvil! after a and pressed plani tcconfirm iU independ-
meeting with Dr. Ralph Bunche, United Na- ence. (UPI Telephoto)
School
m Back
Orion acrylic in wonderful
colors, new bulky knit jacket
Mary Lewis designs the perfect
shirt in fine Pima broadcloth
698
298
Softly styled with push-up sleeves and flaring wing
coHar . . . this sweater-jacket is as flattering as it
is newsmakirsg! What's more, it comes in six colors:
gold, white, wood violet, stone green, mocha beige,
black. Launders beautifully, too. In sizes 34 to 40.
Reg. T.M. DuPont
Trust Mary Lewis to design the ideal shsrt for ail
your casual wardrobe needs. She chose combed Pima
Cotton Broadcloth for the fabric because it washes
so easily, needs little or no ironing. Styled with
Italian collar and roll sleeves. Sizes 10-18.
You're the center of attention
in these delectable matchmates
You'll be the center of attention on campus and off , , , in these excitingly styled pair-ups, Come
in! See how many new outfits you can assemble from them! And they're all priced to pamper your
budget. Spice brown, blue or green.
Buiky sweater, Orion acrylic fiber, 34-40. Plaid pleated skirt, alf wool worsted. 10-18.
5.98
1
Sale!
'f M ill
illllu
Reg. DuPont T,M.
Yoo'm Invtted
to Charge It
dm
Honeylane Dresses Lead the
Class.. in back-to-school fashions
Choose from a huge assortment, Woven Cottons, Checks,
Plaids, Solids. Lavish Skirts, elegant details. Every new Fall
color including ombre plaids. Come early, lairts -1 4, (
599
"Charge ItP
Kerryteen Orion Cardigans
Orion cardigans in 2 dressmaker styles. Orion acrylic
dries to shape. Green, gold, rum, black, white. Sub-teen
10-16. Cardigan 3.99,
VP i
"Satisfaction guaranteed or your money back"
SEAR3
Softly-shaped one-eyelet tie. Extra gentle glows leather
tenderly sheaves your feet. Cwardtex
sole and a low heel, 4,99
Keyed to compliment your fall wardrobe. Youthful
fashions by Kerryfarook. Touched 3 ,
with elegance. 6,99
501 EAST JACKSON STRICT IN Mf SHOWN CiNTfH
OPEN MONDAY fWDAY Til 9 ?M.
HONISP 3-6661 - wwwpu