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MEDFOrU) MAIL ThlAUCtH, MtUFOHD, ORE.
THURSDAY, JANUARY 3, 1961
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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