16 A
WEDNESDAY, MARCH 20. 1963
MEDFORD J ' IL TRIBUNE. MEDFOHD. OREGON
Two Million Persons May Visit in Oregon
Salem - About two million
persons will be invited to vis
it Oregon when they attend
"OIL TO BURN"
Mobilheat
S ft H Green Stamps
MEDFORD FUEL CO.
772-2111
travel and sports shows in the
West and Midwest this spring.
Forrest Cooper, state high
way engineer, said today that
more than a million persons
have already visited shows
in cities from Chicago to Los
Angeles where the Oregon
state highway department's
travel information booth dis
tributed literature and infor
mation. In four shows sched-
Thit Week Only
NORTHRUP KING
FERTILIZER
Coven 5,000 Sq. Ft.
$A 7J- Reg list
u. u rnce
Springtime Special
PUNCH 'N GRO
3$1.29
list price
49c ea.
ALBER'S FEED & FARM
330 N. Fir -Phone 773-4503
uled ahead, total attendance
is expected to be near an
additional million.
To date, more than 100,000
pieces of Oregon literature
have been distributed in six
shows. The material includes
maps, camping guides, vaca
tion booklets, fishing guides,
and other brochures. About
75 per cent of these are print
ed by the state and the re
mainder by local chambers of
commerce and other groups
interested In the travel in
dustry.
Uses Own Booth
In three of the shows, at
Los Angeles, San Francisco,
and Portland, the highway
department used its own 20
foot booth featuring full-color
lighted transparency pho
tographs of Oregon scenes.
In travel shows at Chicago,
Kansas City, and Omaha, the
Oregon highway department
personnel joined with Wash
ington, Idaho, Montana, North
Dakota, and British Colum
bia in a booth operated by
the Pacific Northwest Travel
association. The association
also will operate a booth at
forthcoming shows at Cleve
land, Minneapolis, Los An
geles, and Oakland.
Staff members from the
highway department or other
representatives of the PNTA
man the booths, greeting po
tential visitors to the North
west and offering first-hand
information on vacation ac-
"Savingesl" salt we've evar had! Don't mist HI You've never seen such bargains on factory-fresh 1963 models!
Yes, we've stocked up specially for this sale. But come earlyl They won't last long at these rock-bottom prices!
Lowest-priced
2 'door
Frlgldalre make I
Giant 1001b. freezer.
Automatic defrosting refrigerator
section.
Twin produce Hydrators Deep
shelf storage door.
OALYf
$01000
With Your S to 10-Ye.r-Old
Refrigerator in Operating Condition
3 DAYS ONLY!
STURDY
FRIGIDAIRE WASHER
Kiillt WM II
NIK IMS. tun
Wash 12 lbs. of clothes in single load!
Soaks automatically, washes
automatically!
Fresh running water rinses, automatic
Hnt disposal.
3 DAYS
ONLY!
189
00
With your 5 to 7-rtjr-old
wihr in operating
condition.
FLAIR
by FRIGIDAIRE
uk see. in t
'. tlmrlt
4 calm m miNit
Flair loveliest range of the yeert Looks
built-in but it's not!
Exclusive glide-up glass oven door, roll
away cooking top-plus lots ot good
cookin' features.
3 DAYS
ONLY!
339
00
Wilt) your S to 7-r.ir-.l41
range In operating
condition.
LESS CALORI
ONUS ALLOWANCE.
20.00
ryjs
I (89 H c-KSNnn
laflUIUU
JI7
NO MONEY DOWN
ON APPROVED CREDIT
We Carry Our Own Contracts
NOW ONLY
9m Cabinet Optional
LEONARD ELECTRIC
COMPANY
"Medford's leading Appliance Dealer for the Past 32 Years"
309 East Main Street Phone 773-4541
tlvities, scenery, and travel
routes.
The shows annually result
in thousands of inquiries for
more information on travel
in the Northwest.
IdL
SPIHITUAL LEADER - The
Rt. Rev. Arthur Lichtenberg
er, spiritual leader of the na
tion's 3,500,000-member Epis
copal church, has disclosed he
has Parkinson's disease. But
the 63-year-old supporter of
church unity said he will try
to carry on as the church's
presiding bishop. He is shown
here in a 1962 photo from
files. (UPI)
PP&L Worker Dies
In Power Accident
Portland-UIPI) - Robert C.
Hager, 33, a Pacific Power
and Light Co. employee, was
killed Tuesday when he touch
ed an 11,000-volt transformer
line.
A PP&L spokesman said
Hager, the son of Rudy
Hager, a retired PP&L em
ployee, was working at a sub
station owned by the B. P.
John Furniture Co.
He is survived by his wid
ow, Margaret, and a son, Kur
tis, 11.
Personal Income
Shows Decline
Washington (UPB Personal
income declined in February,
but government economists
were not alarmed.
Analysis said the January
income figure was swelled by
a special GI insurance divi
dend payment which added
$3.5 billion to that month's
total. Thus, at the seasonally
adjusted rate, the normal
February income really was
$2 billion greater than Janu
ary, they said. The Commerce
Department report Tuesday
said the February personal
income figure was $450.8 bil
lion, compared to $452.4 in
January. Discounting the in
surance dividend the Janu
ary figure was $448.8 billion.
New! New! New!
It s TWICE the fun with
matching outfits! Knits have
"give" - won't rip or tear.
What fun! Easy knits for
1 Pa-inch teen model doll,
12-inch boyfriend. Pattern
7417: directions slacks, Jack
ets, sweaters, helmets, boots.
THIRTY - FIVE CENTS
(coins) for this pattern - add
13 cents for each pattern for
first class mailing and spe
cial handling. Send to Alice
Brooks. Medford Mail Trib
une, Needlecraft Dept.. P. O.
Box 163, Old Chelsea Station,
New York 11. N. Y. Print
plainly NAME, ADDRESS,
PATTERN NUMBER.
1963 s Biggest Needlecraft
Show stars smocked accesso
ries - it's our new Needle
craft Catalog! Plus over 200
fresh to-you designs to knit,
crochet, jew. weave, embroi
der, quilt. Plus fret pattern.
Send 23 cents nowl
Your Money's
Worth
By SYLVIA PORTER
Copyriiht, Hall Syndicate, Inc.
What Has Happened After Business Plateaus
For eight months, industrial production and employment
in our country stalled on a very high plateau.
Since the widespread belief is that periods of stability
in our post-World War II economy have been followed by
recessions, this stability in itself is a key reason so many
believe when our economy finally breaks out of this stall
it will break out on the downside and we will be into the
fifth recession of post-World War II.
Business could just as well break out on the upside as
on the downside, though, as the following review of the
pattern following previous plateaus in the postwar period
will underline.
Month after month since July, the seasonally adjusted
index of industrial production in the U.S. has hung between
119 and 120 (the index considers 1957-59 as 100). Month
after month, the seasonally adjusted total of employment
has hung around 68 million some months a bit more, some
months a bit less.
There is no doubt that we have been for a prolonged
time and still are in a leveling-off period what some call
"dead center," some call "stagnation," some call "stall," etc.
Visualising the pattern of previous postwar advances
as (1) a rapid recovery; (2) a slowing down of the rate
of rise! (3) a leveling off; (4) a recession, many observers
have concluded that from here we almost surely will move
down.
But this concept of leveling-recession doesn't match the
actual pattern of previous cycles at all, and in a recent
analysis the Chicago Federal Reserve Bank submitted sta
tistics to prove it doesn't.
From 1947 through I960, there were six periods during
which industrial production and employment stuck at a
high level for months.
After three of these periods 1948, 1957, 1960 the eco-
omy moved into a general recession.
After three others 1947, 1951, 1956 the economy shift
ed into a new advance.
That's scarcely a consistent pattern of leveling-recession!
To be more specific about the upswings:
From January through August 1947, industrial production
fluctuated within a 1 per cent range. In August 1947, our
economy moved off the plateau and into a new advance
which lasted until July 1948, and pushed up industrial pro
duction more than 6 per cent.
From April through August 1951, industrial production
slipped moderately. It then started recovering and the rise
from the 1951 low to the peak in 1953 was over 17 per cent.
From October 1955 through March 1956 industrial pro
duction stabilized, then declined around 1 per cent.
The 1956 steel strike extended this plateau until the fall.
After that, industrial production climbed again, was up
more than 3 per cent at the peak in 1957.
As the Chicago Federal Reserve emphasizes, "Three of
the four postwar business upswings consisted of two separate
rounds of expansion connected by periods of over-all stability."
Could the plateu of 1962-63 end in this happy fashion
too? Sure it could.
Crucial to the direction we will move from here will be
the extent of the upswing in business spending on new
plants and equipment. The signs in this area are brighten
ing, with the latest government survey indicating business
investment will rise almost 5 per cent to a new record
of $39.1 billion In 1963. and this could be a conservative
estimate.
Crucial also will be how, when and to what degree
Congress reduces Income taxes. While most of President
Kennedy's tax reform proposals are practically dead, tax
reduction is still very much alive. An important tax cut in
1963 could significantly enhance our chance to move into
another upturn.
Admittedly, this leveling has come late in the current
move. We re already into the zatn monin ot me Dusiness
expansion and 25 months was the life span of the last ad
vance April 1958 to May 1960. Admittedly, we're still nag
ged by major problems of unemployment, obsolete and excess
production capacity, fierce competition at home and abroad.
But if we re relying on precedents to signal wnere we
move from a plateau it's just as easy to forecast an upturn
as a downturn from here despite what so many believe.
aWl Ll Wilder L w"j
m mm -esw
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good lawn.
Scotts remarkable uF mil on fertilizer supplies all
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Builder releases its protein-building gradual!, steady
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sow Scotts seed.
If you thought you were doomed to have a poor lawn
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difference
Hubbard's Will lend You
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Phone 733-7777
Our 78th Year
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DEAN & TAYLOR "Widetrack Town" SPRING SPECIAL
'62 PONTIAC
BONNEVILLE
STAT. WAGON
rfZJi EJl ( 4-Docr, 6-p.s. plush
BfcSei - ii
wagon.
d H '3599
DEAN & TAYLOR "Widetrack Town" SPRING SPECIAL
'62 FORD
GALAXIE
2-Dr. H.T. Beige color
with auto, trans. P.S. ft
P.B. Sharp.
$
2699
SV f I
3 . 5
DEAN & TAYLOR "Widetrack Town" SPRING SPECIAL
'62 GHEY.
BEL AIR
STAT. WAGON
P.S., P.B., R. & H., auto,
trans. Sharp, Beige color
unit.
$'
2699
DEAN & TAYLOR "Widetrack Town" SPRING SPECIAL
'61 GHEY.
IMPALA
4 DR. HT
Auto, trans., P.S., P.B.,
R. ft H. Blue. Terms
made for you.
$2299
7f - -
DEAN & TAYLOR "Widetrack Town" SPRING SPECIAL
'60 PONTIAC
STAT. WAGON
, Hyd. trans., P.S., P.B.,
4-dr. 6 pass., a real fam
ily wagon.
... t
2299
DEAN & TAYLOR "Widetrack Town" SPRING SPECIAL
'60 Volkswagen
SEDAN
With sun-roof, white
wall tires. Make good
second car for the wife.
1399
DEAN & TAYLOR "Widetrack Town" SPRING SPECIAL
.li.j..),yiu.;.,-iiit.
ii fumi i
I
'57 PONTIAC
2 DR. HT
Hyd. trans., R. ft H., lots
of good miles left in this
car.
899
SPECIAL!
'51 CHEV. COUPE
Rebuilt truck engine with two
carbs. This is Ihe car your young
son talks about.
SPECIAL!
'57 FORD "500"
Fairlane 1-dr. sedan, straight
stick with floor shift and custom
ized, lots of goodies. See this
show car nowl
DEAN & TAYLOR PONTIAC CO.
"WIDETRACK TOWN"
2177 So. Pacific Hwy. 99 , 773-7421