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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 7, 1962)
12 A FRIDAY. SEPTEMBER 7. 1982 MEDFORD MAIL TRIBUNE. MEDFORD. OREGON Company Announces Expansion Program Vancouver, Wash. - OJPt - A $500,000 expansion program for ingot production facilities at the Aluminum Company of America's Vancouver plant will start ' immediately, the firm said Wednesday, William Jenkins, Alcoa's fabricating works manager, said the work will be finished next summer. The program will include additions to exist ing buildings and new produc tion equipment. Unusual Series of Photos Given to FAA by Engineers Klamath Falls -il'Pli- Senate President Harry Boivin issued a call Thursday for an "impor tant" legislative reapportion ment meeting to be held , in Bend, Sept. 16. Washington, n.'PD - The flight engineers union today turned over to the Federal Aviation Agency a series of photo graphs purporting to show air line pilots sleeping or reading at the controls. One showed an airline stewardess apparently flying an airliner. The Flight Engineers Inter national association produced the photographs, whose exist ence had been rumored for some time, at the request of FAA Administrator Najecb E. Halaby. The FAA said there were 39 photographs in the packet. It said all were taken more than a year ago. A spokesman said an investigation was being made. The agency declined to identify the airline or airlines involved. Other sources said lic "because of the seriously fear of reprisals from several i should be the third man in quarters." the cockpit when Jet crews are The engineers and the pi-1 reduced from four to three lots are at odds over who ' men. the pictures were taken aboard planes operated by one carrier. Private Individuals Union President Ron Brown at first declined to turn over the pictures. He said they were in the hands of private individual! and not the union. FAA general Counsel Nathan iel H. Goodrich then demand ed that FEIA identify the light engineers who took the pictures. Brown delivered the photo graphs to FAA personally. He also issued a statement saying the individuals involved were reluctant to make them pub adverse effect on the airline industry, not to mention their Our Fit? EXCELLENT! WE GUARANTEE IT! Jacksonville Girl To Enroll in Concordia Jacksonville - Mls.i Mary ann Hein, daughter of Mr. and Mrs. Richard R. Hein, route 1, box A, Jacksonville, will go to Portland this week, where she will enroll as a freshman student at Con cordia college. Miss Hein was graduated from Medford High school. Concordia college is a junior college affiliated with the Lutheran church. Kennedy Fuel Oil Offering the best in: Oil Heating Equipment Fuel Oil Oil Burner Service Dial 773-5896 FOUND TOO GENEROUS Romford, England - il'Pli -Romford cleansing Superin tendent Sidney Johnson was criticized by the Town Coun cil Wednesday for paying out 3,363 pounds ($9,488) In un deserved overtime to keep the city garbagemen happy. Dennis the Menace CPAzy LITTLE Boy WWTS CtlSffP 'OH HIS CHOP SUEY' v I f'n: iili ii 111 ii Your Money's Worth By SYLVIA PORTER Copyright, Hall Syndicate, Inc. COMPETITION TAKING STIFF TOLL OF BUSINESS FIRMS The fircc.it competitive era' In modern United Slates Mslory is taking a stiff loll of our bv.'ines firms. The trend of business deaths and the losses they create has been zig-zagging from month to month, but when the totals of business failures and their liabilities are studied coldly over recent years, there Is no question that the death trend is up. - ' . . . The trend of business births also has been zig-zagging but when the total of new business incorporations is chart ed over a period of time, there also ii ho question that the birth trend Is down. These two statistics - business failure liabilities and net ' new business Incorporations are among the 12 "leading" Indicators of economic cycles in our coountry. The blunt meaning of this is that their adverse movements now well may be telegraphing in advance the next business slide. But, significant as this is, even mora important is th evidence that business deaths arc In a LONG-TERM UP TREND while business deaths art In a LONG-TERM DOWNTREND, for this says plainly that there ara forces which ar fundamentally wrong In our conomy, and unless we correct tham so more buiinttsas can survive and thrive we'll not be able to provide tha Jobs and paychecks needed for our working population. The evidence of the long-term trends is clear. llemi The total of operating business concerns at the start of 1962 was around 4,730.000, up about 40,000 over the start of 1961. But the rise during recovery 1961 was less than 1 per cent, smaller even than the rise in recession 1960. This takes the glitter off the fact that the total of business is at an all-time peak. Itemi While 437,000 firms were born In 1961, this was bout the same as in 1960 and nearly 400.000 companies died last year. The deaths In recovery 1961 were 3.5 per cent higher than in recession 1960. Itemi The growth in our business population has slowed to about 1 per cent in the past two years and the number of firms in manufacturing now is actually lower than it was 10 years ago. ' Itemi The failure r.ite improved In June, but the Improve ment was exceedingly spotty, and among manufacturing busi ness failures hit a seven-month high. Item: As the improvement in June was highly selective by line of business, so it was selective by geographical distribu tion. Most of the improvement was concentrated in a few states - New York, Illinois, Michigan, Alabama, Louisiana. In Colorado and Arizona the failure rate is way up. The pattern Is unmistakable. Why? Dun & Bradstrect has made a breakdown of the causes of the 17,073 failures which it recorded in 1961 (highest since 1033) into these catagories: inexperience, 46.9 per cent; incompetence. 44 4 per cent; neglect, 3 per cent; fraud, 1.3 per cent; disaster, 0.8 per cent; reason unknown, 3.6 per cent. But underlying all these fundamentals is THE fundamen tal - tough competition tn a nation which is )uit not grow ing strongly enough to support a rapidly axpanding busi ness population or labor population. Many fields are over crowded. Thtra have bean violent shifts in consumer de mands. Profits have baen in a protracted iqueeie contiiting of stable prices on tha side, climbing costs on tha other. Tha problem of adequate financing of smaller business particularly has baan compounded since tha crack in tthe stock market. Even established firms arc no longer Immune to the pres sures. More than 21 per cent of the business tailing In 1961, Pun Bradstreot reports, had been In existenrc for more than 10 years, more than 22 per cent had been In existence ix tn 10 years. As always, the highest mortality rate is among the busi ness babies - a death rale of 36 2 per cent In businesses in existence five years or less In 1961 - but the toll is rising among older ones too. If this is the pattern In the recovery years of 1961 62, you well may shiver over how failures will swell and the start of new enterprises will shrink when the next downturn hits unless we tackle in time and boldly the problem of acceler ating our growth. ANNOUNCES SELECTION Eugene - (ITP - Bishop A. Haymond Grant has an nounced selection of Dr. Nor man Conard of San Francisco s minister of the First Metho dist church here. Dr. Conard succeeds Rev. Clarence Fors herg, who has moved to Lin coln, Neb. Helps You Overcome FALSE TEETH Loosentss and Worry No longer ht innnrtxl or fi! UI-'-Mt baniMt of luow wobnir fi teeth FASIKMH in imprm ed lk llne innn-i-i(i t norler. innnnied on your plttM hold, ihem firmer o thy fel trior comfortable Atoirl emrtur rtwmentruitel h? lno pltttM (tt PABTKCTH at ny flnif counter. SELF SERVICE MAS MOVED TO 6th and iALTFLETT AMD SAVE FRO Aft 30 TO 75 We Must Make Room for New Merchandise Now in Transit! ALL FURNITURE MOVED FROM OUR OLD STORE MUST BE SOLD NOW! NO REASONABLE OFFER REFUSED BRING TRUCK! BRING TRAILER SAVE SSSSSS SAVE $$$$$$ SAVE SSSSSS List Price 1- Only 2- 0nly 1- Only 2- 0nly 1- Only 2- 0nly 1 -Only 1- Only 2- 0nly 1-Qnly 1- Only 2- 0nly 2-0nly 1-0n!y 1-Only 1-Only 1-Only 1-Only 1-Only 1-Only Hide-A-Bed, Brown, 100 Nylon 279.95 Sofa and Chair, Beige, 100 Nylon 379.95 Divan and Chair, Colonial, Choc. Brown . . . 289.95 4 pc. Sectional, Brown, 100 Nylon & Foam 499.95 Hida-A-Bed, Colonial, Charcoal Brown .... 299.95 Sofa & Chair, Turquoise, Foam & Nylon . . . 379.95 Divan & Chair, Colonial, Gold Nylon Cover . 289.95 4 pc. 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Bedroom, Walnut Finish 309.95 1-Only 6 pc. Bedroom, Danish Modern, Walnut . . 299.95 1-Only 4 pc. Bedroom, Walnut Finish 229.95 1- Only 4 pc. Bedroom, Blond 1S9.95 2- 0nly 7 pc. Dinettes, Walnut Tops 159.95 1-Only 7 pc. Dinette, Blond Top 169.95 ALL SALES Ft N NAL! 11 A.M. till 6 P.M. FRIDAY SATURDAY MONDAY 9 A.M. till 9 P.M. Cash Price List Price Cash Price 185.47 1-Only 3 pc. Sectional, Bumper End, 100 Nylon . 339.95 239.92 247.42 4-0nly Divan & Chair, Beige, 100 Nylon ....... 179.95 128.88 1 87.50 2-0nly Divan & Chair, Turquoise, 1 C0 Nylon ... 1 79.95 1 28.88 333.30 1-Only 3 pc. Sectional, Turquoise, 100 Nylon . . 259.95 185.52 185.47 1-Only Sofa & Chair, 100 Nylon, Foam Rubber . . 259.95 183.92 247.42 1-Only Sofa & Chair 100 Nylon, Sea Green .... 409.95 291.20 187.50 3-0nly Sofa & Chair, Hi-Roll Back, Foam Const. . . 439.95 307.20 333.30 1-Only 4 pc. Sectional, 100 Nylon, Decorator Col. 399.95 280.41 59.81 2-0nly 8 ft. Sofa only, Early American, Gold 289.95 149.92 185.47 1-Only 8 ft. Sofa only, Early American, Tweed . . . 289.95 149.92 289.65 1 -Only Sofa & Chair, Brown Print, Traditional Style 389.95 1 74.1 4 59.81 2-0nly Sofa & Chair, Colonial, Charcoal Brown . . . 359.95 147.16 247.42 1-Only Sofa & Chair, Colonial, Gold 359.95 147.16 185.47 1-Only Sofa & Chair, Modern, Coral, 100 Nylon . 393.95 227.21 59.81 1-Only Sofa & Chair, Brown, Foam Cushion ..... 293.95 184.16 289.65 4-0nly 6 pc. Bedroom Sets, Danish Modern 239.95 1 83.97 185.47 1-Only 6 pc. Bedroom Set, Walnut Finish 309.95 1S9.20 333.30 3-0nly 4 pc. Bedroom Sets, Modern, Walnut 229.95 1 26.52 59.81 3-0nly 4 pc. Bedroom Sets, Danish Mod., Walnut . 239.95 143.55 184.80 1-Only 4 pc. Bedroom Set, Champagne Finish . . . 259.95 158.77 Cash Price 158.16 146.12 98.86 57.22 77.88 88.88
