Tool Industry
Conversion Is
Urgently Needed
Br lehoy pope
United Prtu International
New York (UPS - The U.S.
machine tool industry urgent
ly needs to be converted to
mass production and this will
require the attention of top
notch financial organizers, ac
cording to a Columbia Univer
sity economist.
Professor Seymour Mel
man said the machine tool
industry is backward, finan
cially speaking, with low pro
ductivity, high costs and very
high prices.
By contrast, Russia convert
ed its machine tool industry to
mass production under forc
ed draft and government sub
sidy several years ago.
"If this should enable the
Communists to succeed in
breaking strongly into the ma
chine tool marl 3ts in the cap
ital - short countries of La' i
America, 'ree Asia and Afri-
ca, they would gain an enor
mous foothold there and per
haps even a leading advant
age," Melman said.
Crusading
To prevent this, he is cru
sading for establishment of a
special bank for the machine
tool industry called the "In
ventory Bank" to help the in
dustry convert to mass pro
duction. The Inventory Bank would
be owned by machine tool
companies and the investing
public with perhaps some fi
nancial nudge from the fed
eral governments.
Its function would be to fi
nance inventories of mass
produced components of
standard machine tools suita
ble both for use in automated
plants and more convention
al factories.
But machine tool builders
would be required, as a con
dition of obtaining favorable
financing for excess invento
ries of components, to com
ply with a program of cost
reduction adopting modular
principles, research and other
n
11
ways of rapidly getting into
mass production.
Faces Competition
Melman said Russia prob
ably produced about 160,000
machine tools last year and
the United States only 45,000.
West Germany produced 1C0,
000. At present, the U.S. ma
rhine tool industry faces
much harder competition,
from our allies than from the
Communist bloc, but the men
ace of Communist competi
tion definitely is growing, he
said.
Melman is not alone in
worrying about the financial
plight of the U.S. machine
tool industry.
Francis J. Trecker, head of
a large Milwaukee tool build
ing firm and president of the
Machine Tcol Euilders asso
ciation, said recently half of
all the companies may go un
der. These are the smaller
firms making more conven
tional lathes, drills and press
es and their production is
only about 15 per cent of the
total. But Trecker said the
larger companies have severe
problems too. Most ol them
have established plants in
Europe, where wages are
only a third as much as in
I he United States. But wages
are going up in Europe rath
er rapidly. And here at home,
the present operating rate of
the plants - around 50 per
cent - is much too low for ef
ficiency. Concerned
The domestic industry and
the federal government are
concerned at figures showing
that the past decade has seen
a steady shrinkage in the
share of the American gross
national product going into
new machinery and machine j
tools.
The United States now I
stands well below France,
Germany, Brit-in, Italy and
Japan in this respect.
Also, tax depreciation al- I
lowanccs, which affect the
ability of industry to buy ma
chinery and machine tools
are way below those of most
other countries.
The Kennedy administra
tion has made a start at lib
eralizing these tax deprecia
tion allowances selectively,
industry by industry. ,
NARROW ESCAPE
New York -JlTP- Two work
men narrowly missed plung
ing to their deaths from the
18th floor of the Empire State
Building Monday when one
end of their scaffold slipped.
Walter Palmer, 60, slid seven
floors on a safety rope to the
11th floor where he was
pulled into a window. His
partner, Michael Merren, 56.
clung to the dangling scaffold
and was rescued by em
ployees in an office on the
18th floor.
REALLY HIGH
Swindon, England - CTt -Two
men were fined $5.60
each Tuesday for being drunk
and disorderly atop i 100-foot
crane.
MEDFORD
FRI....
SHOP EARLY-QUANTITIES LIMITED!
Terrific marlcdowns in hundreds of wanted, seasonable items . . , many mora not
listed here. Come early as quantities ere limited. Remember 3 days only, Fri., Sat.
end Mon.
OPEN FRIDAY NIGHTS UNTIL 9
USE WEISFIELP'S SIMPLIFIED CREDIT... NO MONEY DOWN... UP TO
2$" Barometer
roCofanafon
lAVVfy EDGER
..U Choice of
AC,.Piece
Reg. $24-95
While They
las 1
ARVIN
Record Player
4-Speed Portable Plays All Size Records
II Sii
1
Reg. $24.95
r- i AlUM,NUM
Folding Cot
For Patio, Beach or Camping
$88
Reg. $12.95 Sol
8 ONLY :. w
8 transistor RoW.v
STXcT KAA
cl M 88
set JJ i.i
I I C"Ple,e With r . 'W
12 ONLY "efl. $1
Urr.
at n
!EG- $13.95
8 ONIY.
ARVIN 51
Mounted ' -38
REG. V'1(
6 ONi'
. iff fitvilTl
J ONI'
TEFLON 10"
FRY PAN
You Can Cook Without Gjease.
8 ONLY
Reg. $2.95
JO-Pe. Service for 8 Mirror Polished
FLATWARE
SH88
Reg. $10.00
12 ONLY
MIL THIBUNE. MEDFORD. OREGON
3 Big Days s
SAT.... WON.!
Fantastic Diamond Buys!
1 Caret Diamond Compara at $500.00
Wedding Set 249
50
Miss Simplicity
Solitaire sc. 44E
$4 488
Compare
t $99.50
large Fiery Diamond Set In 14 K Mounting
Man's' 1 Carat Compare at $650.00
Dia. Ring W8
Set In 14 K Gold Mounting
ladie's Diamond Compare at $250.00
Wed, Ring 179s
$41 A88
Vt Carats of Diamonds Set In 14 K Whit. Gold Mtg.
Tremendous Selection of Watches At Big Savings !
Style for both men and women. Drest stylet, waterproof, nurses watches, shock & '"jJ
resistant models. All have fine quality 17-jewel movements. Guaranteed for one i ft
year. Values to $39.50. YOUR CHOICE NOW ONLY-
Sleeping Bags-Save Now
MT. BAKER--36"x81"
4-lb. Celacloud-2 Air Mattress Pockets
$288
BUCKHORN-3 lb. Dacron $1088
13
Weetheratrip, flannel lined
KIMBERLY MT.
3-lb. Dacron, dbl. pocket, snap-off flap
STATION WAGON BAG
6 lb. Dacron, 60"x81", zip apart for
two sleeping bags
Sjg88
$2788
AIR MATTRESSES
Heavy gauge, all vinyl, 72"
2 for $288
Revoking Lazy Susan
large Size Ceremic Dithus
Revere 'LVi Qt. Tea Kettle
India Brass Giftware
Bathroom Scales
Values to $6.95 Jj
Your unoice
Remember . . . Prices Good
SUPER BUYS!
Regal Party Bowl
6 Qt. Stainless Mixing Bowl
(Dogs & Cats) Ceramic Figurines
Aluminum Steak Platters
Bone China Cups & Saucers
Many Other Misc. Items
YOUR ((J)(fG
CHOICE f-p
fabulous Assortment Lovely iiww
COSTUME JEWEL&7
Beads, necklaces, .a
rringt, pint and bracelet. All lest
I ttylet ana) clrt In la lttt tun-
than half price. Many
mer fathiont.
nri i r- c nrv m 1
Terrific Watch Bargains
Lad iot' and Gents' Walt ham ind Gruan
Watches Price
17 Jewel Ladies Water and Shock Proof-Reg. $45.00
WCUUIC Croron 17
Croton
Values to $14.95-Westclox-Your Choice
Wrist Watches 7
88
Reg. $24.75 Men'i Rugged
Watches ,7 jwi. 12
With Expansion Band Shock and Water Resistent.
Anti-Magnetic.
88
00
Dinnerware Clearance
DinnerwareSets $688
Reg. $19.95-53-pc. Service for 8-8 ONLY
Imported Dinnerware $1188
Reg. $29.95-65-pc. Service for 12-14 ONLY
Imported China $2288
Reg. $39.95-57-pc. Service for 8-6 ONLY
Melmac 888
Reg. $19.95-45-pc. Service for 8-7 ONLY
WESTCL0X
CLOCKS
Tremendous Selection While Quantities Last
RETAIL
FRI., SAT., MON. ONLY!
SUPER BUYS!
Floral Fly Swatters
Assorted Tools for the Handyman
Imported Fine Quality Ash Trays
Hand Garden Tools
Assorted Dinnerware Serving Pieces
Many Other Misc. Items
your M Mc
CHOICE !j3
"
122 E. Main
$.0 off
THUP.SDAY. JUNE 28. 1962
24 MONTHS TO PAY!
SUP" KIAU
Chief- P ' W
"nno"K TOOLSEj
,"" $1.95 fin
PORT ABIE TV
Ju, up to 14 month. o PY
N8mneV SI Aft8
REG. $1" 50 lOO
3 ONLY
nr
chy STANDS and
VALU.S TO
18.0NIT
Boys' and Girls' 20-Inch
BICYCLES
With Trainer Wheels, Horn and Light
8 ONLY..!
PRESTO
STEAM & DRY IRON
REG. $16.95
7 ONLY
n .
J Heavu ..
yy Guac At .
REG. $i99s
8 ONLY
-9. . ,.Km
tfc
rsBtam lantern
...mat e ni"" - A
vlLY
Remember!
FRI., SAT., MON. ONLY
Sorry No Phone,
Mail or C.O.D. Orders
Store Hours 9:30 A.M. to 5:30 P.M.
FRIDAYS UNTIL 9 P.M.
Downtown Medford
n
Phone 773-3348
A 7
J