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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 5, 1961)
O o oo u 0 MEDFOrU) MAIL ThlAUCtH, MtUFOHD, ORE. THURSDAY, JANUARY 3, 1961 G c Electric Utility Growth Seen in Spite of Economy New York-(UPU-The electric utilities have grown in good times and bad and are ex pected to keep that trend alive in spite of the economic clouds gathering on the 1961 horizon. : Many of the leading busi- ness research organizations have gone so far as to say . that the utility business has . an "unlimited growth" poten tial Built into its makeup. Even if the economy should cause a temporary dip in in , dustrial demand in the early months of 1961, there will be sufficient gains in the resi dential and commercial sec- tors to offset that loss. Demand for power is rela tively insensitive to fluctua tions in economic activity, a recent industrial survey show- ed. The very same regulatory . regimen that puts a ceiling ; on earnings also puts a floor under profits. During the past six years, ' which included two reces-ions-thosc of 1954 and 1958 . -kilowatt-hour sales of investor-owned utilities shot up more than 60 per cent or . about 10 per cent a year. At the same time, net in- come available for common stocks showed an average yearly gain of nearly 9 per : cent. : Unlike most businesses which frequently are forced to cut prices in difficult times, the electric utilities arc in the envied position of be ing able to hold their best customer-the home owner even when unit volume shrinks. . Defenaiva Qualities For this reason, utility hares arc good havens for : capital in troubled times. ; Their defensive qualities have enabled many of the utility stocks to move against a trend of generally soft market prices in recent months. As a matter of fact, the utilities as a group paid out some 69.3 per cent of avail able earnings in dividends in 1959, compared with about 71.5 per cent the year before. One leading investment re earch organization believes that with the longer-range outlook for earnings prom ising, tha policy of liberaliz ing payments periodically is likely to continue. There still is no wakening of confidence that atomic en ergy will someday play a ma jor role in supplying the na tion's power requirements over the long-term. At . the tart of 1960 electric util ities were participating in 16 nuclear power plants. Naw Goali However, while new goals aim at making nuclear power competitive by 1968, it is likely, allowing for differ ences of opinion, that atomic reactors will supplement rather than replace power generated by conventional methods in view of the bur geoning power needs of the nation. . Capital costs for nuclear plants proposed for service through 1964 are expected to range from $300 to $400 per kilowatt, compared to costs for conventional plants of from $115 to $180. For this reason, economical nuclear plants are only deem- .ed feasible in areas wnere cost of fossil fuel is high. Stiffer Admission To Colleges Hinled Monmouth, Ore.-IUPU-Chan-cellor John R. Richards of the 'tate system of higher educa tion said Wednesday if the 1961 legislature does not hike faculty salaries and cut class loads the result may be stiffer , admission requirements at the .state's colleges and universi ties. Speaking to a group of leg Ulatms here. Richards en- dorsed budget plans of Gov. : :Mark Hatfield which call for : higher salaries for higher edu- ction employees. He said if the legislature . adopts the recommendations, current admission policies ' could remain in effect. School Employees Propose Measure Salem - H'rll - The Oregon School Employee! Association ' propor J a bill for the 1961 legislature setting up a 40 hour work week for employ ees of schools in a non-teaching capacity. Purpose is to stop scliool districts, particularly small ones, from working such em ployees as janitors, cooks and : bus drivers lOore than 40 hours withoutl"6vertime. STAMPS FOR PICNIC Conyers. Ga.-t'PH-Members cf) the CQnyers Methodist Church are receiving green oiQiellow "trading" stamp foresch attendan After Easter, those with the most stamps will be given apicnic outing aQVarm Springs, Ga. w& bud yiKtei im Mil OR MATCH Sliced Pineapple Typhone No. 2 Crushed Pineapple Sil9 No. Sliced Pineapple .va Doafhoc Fa'rp'ay sliced rcauica Cilng No. 303 Applesauce jX'"' Fruit Cocktail mm,, H ! Dcl Moilte ApnC0tSalves No. 303 Pork & Beans Drew.N..2H Green Beanss ilver Cut No. 303 Kidney Beans Drew5No.3oo DiCed BeetS vernal No. 303 UnmSnu Drcws Golden nominy or White no. 300 n... Hunt's Tender red Garden No. 300 P8aS Cottage No. 303 Blackeye Peas Drews No. 30o Vamc Hume Whole iam5 an(t Cut No. 303 SpinaCh Dei Monte No. JOS Tomatoes BiueskyNo. ty, Tomatoes Deiuxe No. m Tomatoes Del Monte No. 303 CI.....J TM.ln Del Monte oieneu luiucuucs N, 3 . 303 Salad Vegls r Oysters Mackerel Fortune No. 1 Vienna Sausage Star Pk Tomato Sauce Del Monle 8-oi. T 1. O Del Monte miiidiu oouuo No. 300 Tamales rtitr p, x0, i Catsup IM Mont H ot. Catsup Del Monte 20-ai. Dog Food Dog Food Chubb; No. 1 Skipv.T No. 1 el Mnnls tVHVwulwl No. 303 1 ft Nkll. No. 1 Rew Potatoes Mandarin Oraages ff:6 Curlm Oregon Food Maplo. OyiUjJ Flavor, 22-oi. Green Lima 9eans lcrUal PorkoS Beans Drews , 300 'EM AID SAME! Reg. Multiple SAVE .29 41.00 .16 .29 41.00 .16 .23 51.00 .15 .19 71.00 .33 .15 81.00 .20 .27 51.00 .35 .29 41.00 .16 .23 51.00 .15 .16 81.00 .28 .15 81.00 .20 .15 81.00 .20 .13 91.00 .17 .19 61.00 .14 .17 71.00 .19 .14 81.00 .12 .23 51.00 .15 .16 71.00 .12 .25 51.00 .25 .15 81.00 .20 .25 4 .89 .11 .25 4 .89 .11 .22 51.Q0 .10 .31 41.00 .24 .23 51.00 .15 .13 101.00 .30 .10 121.00 .20 .17 71.00 .19 .28 41.00 .12 .23 51.00 .15 .33 3 .89 .10 .10 131.00 M .10 111.00 .10 .27 41.09 M .17 71. CO .19 '33 31.02) .17 ,ia mm m ,2B 0t.GO M. .33 31. 69 .17 d19 61.00 .14 .15 81.00 .20 Butternut 1-lb. tin . . TASTEWELL Golden Cubes Jorgensen's V2 gallon CREAM FLAKE 3-Lb. Tin 's Oranges Cauliflower Carrots Fancy Cello SPUDS U.S. No. EACHES All Gold - Sliced Cling snoo No. Yt tins AlumhFoil Trend Liquid i2i..2sb.35c 69e Tstttntiei NM"- 4S39C 53c .KK 4 CATS Wai Paper Tana 39c 'i-o.3 31 c Inslaiiit Kmm Tana 4SC. I '"33c. ' sTiod Pq , j I 9;;;: 4c ( ... 29c . Q PLUS "THRIFTY" Green Stamps BS0Q 1c Finest Produce BANANAS mV Golden Ripe Hands urn. 5:, 59 Sweet Calif. Navels Large Snow White Head No. 1 Bag 2 Klamath 10;:, 29 APRICOTS Blue Sky Whole TUNA ShurtrasK '&-k ' 4 to 8 Lb. Ar.rige VVii Medford's Finest Pure Country Style Morrell's Palace USDA Good & Choice uaic w& large AA Farm Fresh DOZEN TALL TINS 7f MM CAPITAL HILLTOP RIPE PITTED C Ni' 5100 tins 1 PEACHES Golden Poppy No. Vk tins OREGON FOOD "NEW" DETERGENT giant pkg. Warranty Solid Pack light Meat PRESTO LOGS 12 - 5100 Cottage Cheese ir MEDPORD 0 ASHLAND MEDPORD 0 1 3th and Central Eft t nit lb. y4 CUT, WRAPPED AND QUICK FROZEN Sliced Cling Si oo 00 - 25' 2 t tS fHtCCS IFFECTfVI THRU UNOAV Swift Premium Fully Cooked 2 lbs. BEEF Eastern Oregon HIND Lti lb. 14 - FREE OF COURSE 1W Crescent 10-LB. BAG THRIFT DEPT. WOODEN Salad Bowfs 4 for 89 Reg. 29c BALL BEARING Rolling Pins Reg. $1.29 CINCH IRONING BOARD Cover Holders Reg. 98c SHAVING OR Make-Up Mirrors Reg. B9c ALUMINUM CAKE Decorator Sets Rag. 49c MEN'S LUNCH PAILS With Thermos $2.79 Reg. $2.99 6 All COTTON Dish Cloths Reg. $1.20 98' MAUORY Flashlight wBatteries Reg. $1.99 $1.49 GLASS WAT HI Tumblers I0 te. J Uf IKT1K Coffee Mafcet $7.93 Cv-B. ASHLAND 1475 Siskiyou Blvd. lb. (S3
