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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 10, 1963)
MEDFORD MAIL TRIBUNE. MEDFORD. OREGON Increased Costs Destroy Profits Of Record Sales - By LEWIS A. WEBEL : United Press International ; New York-OIPD-The nation's chemical industry (ailed to be impressed by i- record $33 billion sales, in 1962. . For despite this 10 per cent jump over 1961, the industry continued to be plagued by declining prices and increas ing costs, resulting in lower earnings. .- And prospects for the fu ture appear to be for much of the same, according to a Survey by the Man-ifacturing Chemists association. ; More than half the chemi cal producers responding to the survey expected sales would increase during the sec ond half of 1962 from the first half total of $16.4 bil lion and nearly three-fourths also believed this ups rge will continue through 1963. Drop Foreseen However, about half of these producers foresaw a drop in earnings both this year and next with the re maining 50 per cen about equally divided between a small improvement and no Change. . Chemical leaders had only to look at the wholesale price index for chemicals and al lied products for support of this concern. This index aver aged one per cent less in 1961 than in 1960 and recorded a further decline of 1.9 per cent during the first half of 1962. June, 1962, wholesale , rice index for chemicals and al lied products was 97.6 1957 59 equals 100), a 2. per cent drop below the average of the new price index period and the lowest point since September, 1956. Sixty per cent of those queried in the survey expected chemical prices to continue downward from the 1962 level. Increased Overhead Another cloud in the chemi cal industry sky is that labor, raw materials, transportation and distribution costs In creased from one to five per cent during the second half of 1962 from the first part of the year. Sixty-three per cent of those surveyed ex pected a similar cost increase in 1963. '. Despite continuing over-capacity in many chemical product linos, industry lead ers are continuing their capi tal expenditure expansions on schedule. About 97 per cent of those taking part in the survey re ported their expansion pro grams have not been com pleted and their long term plans are continuing. Nearly 81 per cent advised that the major portion of their 19U2 capital expenditures will be for new plant and equipment in 1963, a substantial increase over the $240 million spent in 1962. Authorisations Double The company also said au thorizations for new projects in the final half of 1962 were more than double those made in the last half of 1961. Almost without exception, chemical industry leaders be lieve enactment of the invest ment tax credit in the ad ministration's 1962 tax bill would have little impact upon new plant expenditures this year and in 1963. Although chemical produc ers feel a general reduction in the U.S. corporate tax rates would have a greater impact on business expansion, a majority of those question ed said they would be unwill ing to see a tax cut without a subsequent reduction in federal expenditure. In the other area where the federal government holds paramount power - foreign trade - industry lea'' :s all agreed the effect on the chem ical industry of the presi dent's trade expansion law could only be determined by the way in which the act is to be administered. An interesting sidelight to the 1962 chemical story is rather than for improvements in existing equipment. Capital expenditures are estimated to reach $1.65 bil lion in 1962, compared with $1.7 billion in 1961, according to the U.S. Department of Commerce and the Securities and Exchange commission. Du Pont, the nation's larg est chemical concern, has an nounced plans to invest $350 million in construction of new and improved plant, laboratory and other facilities the effect a best-selling novel had on the industry. Investigations As a result of Rachel Car son's attack on pesticides and herbicides in her book, "Si lent Spring," a full-scale In vestigation of government ac tivities with respect to pesti cides and other chemicals in the environment is under way. The outcome, producers fear, may be increased gov ernment control oe.- pesti cide testing and marketing. The Manufacturing Chem ists association and National Agricultural Chemicals asso ciation are preparing a re buttal entitled, "Pesticide, Fact and Fancy" and industry opinion seems to be some workable solution will ha e been reached on problems in the pesticide area by the spring of 1963, the next ma jor selling season. California leads in Stereo Broadcasting New York -IT&- Running neck and neck with New York in the race for the na tion's largest population Cali fornia already is way ahead in another area-stereophonic sound. The 1963 Stereo Hi-Fi di rectory reports California has 31 FM radio stations broad casting Stereo Multiplex pro grams. This tops the Empire state almost three to one. Tied for second statewide stereo broadcasting are Texas and Ohio, each with 17 FM Stereo stations. THURSDAY, JANUARY 10. 1963 About one million Ameri cans have undetected diabetes. Earth Tremors May Provide Key to Detection of Blasts B 3 By DAN PIENAAR United Press International Johannesburg. South Afri ca - (I'Hl - The 200 or so earth tremors that rock Johannes burg every month may hold the key to a foolproof sys tem for detecting secret un derground nuclear tests. Local scientists, aided by an American research grant, are using the seismic force of these "man-made" tremors to study the behavior of shock waves through the earth's up per mantle. The tremors are the result of gold mining operations, said Rodleigh Green, one of the research team. Green, who is employed by the Bernard Price institute at the University of the Wit watersrand, said some of the big shocks have a force equal to a 50-kiloton nuclear device. The first atom bomb, explod ed at Alamogordd during Project Manhattan, was a 20 kiloton device, "Figures show that Johan nesburg gets an average of two rock bursts a month in that force range," Green said. Green and his team have a $120,000 grant from the Ad vanced Projects agency to study the effects of these shock waves through the earth's crust. We hope to be able to evolve a way of conclusively distinguishing between shock waves of natural 'quakes and tremors and those caused by underground nuclear explo sion," he said. "As I see it, the whole so lution to the problem of a test ban lies in detecting un derground tests. Atmospher ic tests can be detected by sensitive barographs and space tests will probably soon be detectable by a system of spy satellites." The tremors rocking Jo hannesburg are frequent enough to afford an ideal method of studying the beha vior of shock waves through the earth s crust. "We want to determine the composition of the material of the earth's mantle," Green said. "To ascertain this, we are plotting the velocity curve and other characteris tics of these waves from as far afield as 2,000 kilome ters." , The project has several field stations which arc switched on by automatic ra dio signal from Johannesburg the moment one triggers the mother recording apparatus there. The barographs are then collated and studied. The recording outposts are moved from time to time so that all points of the com pass come under scrutiny. "We want to see whether the effects that we know so far arc merely local or whether they are relative to all parts of the mantle, Green said. Observed The tremors were first ob served round the turn of the century, a few years after the deep mining operations which followed the discovery of the fabulous Witwaters rand gold reefs (veins) in 1886. "These rock bursts to give them their proper name are caused by huge faces of rock bursting under pres sure in the mines flanking Jo hannesburg," Green said. "They usually occur soma distance ahead of the actual working face. Imagine what happens when millions of tons of rock crack after being sub jected to a stress of 14,000 pounds per square inch." Somewhere, in or around this mining metropolis, a cup is probably dancing right now on a kitchen table. Houses and buildings shud der every day along the 60-milo-long gold belt as mil lions of tons of rock shift their weight, ever so slightly, under super stresses. Jewish Planner Is High USSR Official Moscow !1)PD Among the men who emerged with m evident vote of confidence "from the recent high level government party reshuffle Is the nation's top economic planner, Veniamin Oymshits. : Dymshits is the only Jew among the upper echelons of the Soviet hierarchy. And be xaure of the continued ques tion of anti-Semitisn in the Soviet Union, the fortunes of the 52-ycar-old cngincc and economic expert have attract ed special attention. I Soviet propaganda media "even have used his higher "status - Chairman of the Eco nomic council of the USSR, a newly-created body - to sup port claims lhav anti-Semitism does not exist in the USSR. Not Practicing ! From all evidence how ever, Dymshits is not a prac ticing Jew and, as a member :of the Party powerful Cen tral committee, it is almost iccrtain he accepts th party's -official dogma and atheism. - Dymshits is another of the iUSSR's growing list of men ;who have reached high posi tions after a long climb up through the ranks. When ho was appointed chairman of the former State .Planning committee (Gosplan) -last July he also was given the rank of a USSR Deputy iPremier which trai"tionally Soes with the Gosplan job. ; At thai time the question -of his Jewish backaroi' d was -particularly put into focus .because no other Jew naa held such a hiah government jio.-t since former party pre sidium mcmner ana vice pre jiiirr Lazar Kag.-.novich. " Kaganovich oH both his 4r,v.c ; ioi7 nfier heinff la- "belcd a member of the so- "callcd anti-party group. Next Rankina Jew Rut even at the time of Ka- ganovich's ouster, Dymshits was virtually tne next ranit- Ino Jew in the Soviet hier archy. He then held the title of USSR deputy minister for construction of metallurgical and chemical industries enter prises. He was then sent as chief engineer in charge of con struction of the Bhilai metal lurgical plant in India, one of the most ballyhooed sym bols of Soviet aid to that country. Returning in 1961, Dymshits was named deputy vice chair man of Gosplan and when former chairman Vladimir Novikov was moved to anoth er key job last July, Dymshits moved logically into the chairmanship. Under Premier Khru shchev's reorganization plan, aimed at popping up the So viet economy, Dymshits' State Planning committee (Gosplan) was given a new name and expanded functions - the Economic council of the USSR. Married and a father, Dymshits has a Ion ; back ground of technical and plan ning experience, much of it In the Ukraine, where many of the top men under Khru schev received their early training. All Was Not What It Appeared To Be Nlles, Ohio -HTD- The exec utive board of the newly formed Welcome Wagon club had completed a busy evening formulating plans for the in itial meeting of the entire club. Then the women sat down to a dessert luncheon which featured a mouth-watering pe can pic. One member asked her hostess. Mrs. Richard Pugh, for the recipe. Mrs. Pugh obliged and, after listing all the ingredients, added: "If you don't have pecans, use walnuts, as I did." CONFERENCE SET Corvallis - IPC - Oregon's fifth annual statewide confer ence on improvement of col lege teaching will be held Feb. B-9 at Oregon State University. man mm SALE STARTS FRIDAY MORNING 9:30 a.m. WARM COTTON FIANNEL SLEEPWEAR While f laS" l4ST!deaC1 &7'J If T R i XfP. Vw -4 J No Money Down on Sears Revolving Charge Account . - wxr a Full length, lohg sleeve gowns are luxuriously full cut for comfort, quality manufactured for long wear. In a wonderful selection of colors and prints for the cold weather. 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