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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 24, 1963)
They'll Do It Every Gallstone junior-newest mo vounceat ooctor in town -so far hasn't had mucm ec during the day- ftf wiF rSRlffrM calling you) ia'-ft 'Af''il Z V "ll ) I WOULDN'T DARE ( SiTfclS 1 ':'aV ifflnmrX L Y CALL MY REGULAR American Lumber Industry Enjoying Sound Conditions By A. ROBERT SMITH Mail Tribune Washington Correspondent WASHINGTON - The Ameri can lumber industry is enjoy ing financially sound conditions alter the sec- ; ond most pros- ; perous year I since 1957, ac ! cording to an I analysis of the I i n d u s try by j Dun ana tsraa k1 s t r e e t. The New York firm analyzed t h e year end finan- statements from a cross- section of 75 lumber companies whose tangible net worth, with few exceptions, exceeded $100, 000. "Despite mixed feelings from different geographical areas re garding increased profit squeez es, the lumber industry enjoyed its second most prosperous year since 1957," the report stated. "The concerns studied showed a median net profit ratio on sales of 3.88 per cent, just be- smith cial The Peak l of (Quality i 1 1 Nobody but NOCONA gives you as much quality in boots . . . top quality materials . . . top styling . . . and T7 T I Jackson County Federal II (I IH I Savings & Loan Assn. II V .11 I Horn. OHit . ' OHic II Ml JL I 2 l, Mi.ii 137 Cm Main I Medterd AiMand, Ora. I I Time" - But-let it not be said that we is idle-nou'd 6e surprised at the early-morning caroace trade he's developing low the 1959 six-year high of 4 per cent." "The median profit ratios on both net worth of 8.27 per cent, and working capital of 17.37 per cent, showed considerable improvement over 1961 and were above the five-year average me dian ratios from 1957 to 1961, said Dun and Bradstreet. Weyerhaeuser in Front The report ranked Weyer haeuser Co. well out in front among the leaders with a $39 million profit on sales of $543.1 million. Next it listed Georgia Pacific with $19.1 million in profits on sales of $324.9 mil lion. United States Plywood fol lowed with $12 million in prof its on sales of $301.8 million. In commenting on the condi tion of these and other industry leaders, the report stated: "While important concerns in the lumber industry had im proved sales in 1S62, tighter competition recorded mixed profit pictures." For the industry as a whole the report said that during 1962 "sales increased, financial con ditions remained sound and net N0C0NA BOOTS skilled craftsmanship. GIBSON SADDLERY Cascade Shopping Center PH. 826-4901 ADVANTAGES OF JCF'S HOME LOANS! tailored to fit your income low interest rate rent-size monthly payments 9 locally owned association Phona 773-7451 er 482-2451 or Stop in real soon . . . talk over your home financing needsl 0"'' By Jimmy Hatlo profits appeared good." The report showed that, nev ertheless, 163 lumber manufac turers failed last year with to tal liabilities of $13,182,000. "The number of failures was the lowest since 1956 when 162 failed with liabilities of $9,744, 000. Since 1949 the number of failures has fluctuated but a generally high level has pre dominated," said the report. According to Dun and Brad- street tabulation, the number of failures increased annually through the 1950s, reached a peak in 1959 when 257 firms folded, and has shown signs of receding since then. On the rising side of this graph, 94 firms failed in 1953, 103 in 1954, 118 in 1955, 162 in 1956, and 255 in each of 1957 and 1958. After the 1959 peak of 257, failures dropped to 237 in 1960, to 194 in 1961 and to 163 last year. The report said these figures included those firms that ceased operations following assignment or bankruptcy, ceased with loss to creditors after such ac tions as foreclosures or attach ment, voluntarily withdrew leaving unpaid obligations or voluntarily compromised with creditors, or were involved in court actions such as receiver ship, reorganization or arrange ment. Attributed to Strike As for 1963, the report noted that "orders and shipments have trailed last year s rate," a condition it attributed in part to the lone lumber strike ear lier this year. It also said the full effect of last year s devas- tating windstorm in the Pacific Northwest, which downed 11 billion board feet of timber, "is still to be determined" as far as prices and sales are con cerned. Dun and Bradstreet took note of the Northwest lumber com plaint against increased Cana dian imports but offered no analysis of this on the domestic market. However, it attributed the generally good year for the industry to the expansive con struction which the country ex perienced last year. It said: "Lumber consumption rose to 38.6 billion board feet in 1962 as government and private in- Jackson MKDKOHU Western Lane Road To Coast Given Approval What threatened at one time to be a major controversy be tween various levels of govern ment and perhaps between var ious agencies of the f ederal government appeared to be fi nally resolved. The result should be, in about a year, a road in Western Lane county, leading to one of the most scenic of the still inaccessible beach areas of the Oregon Coast. Congressman Robert B. Dun can tD-Ure.) was notitiea Dy Bureau of Land Management Director Charles Stoddard that arrangements are now complete to construct a five - mile road from Florence to the south jetty of the Siuslaw river. The road would cross a portion of the pro posed Oregon Dunes National Seashore, as set forth in legis lation introduced by Congress man Duncan (H. R. 5186). Funds From O & C Funds for the road construc tion, according to Stoddard, would come from Oregon and California revested rail road grant land timber sales reve nues. Construction would take place in fiscal 1965 which begins July 1, 1964. Exact cost of the road has not yet been deter mined. Agreements on rights of way for such a road were arrived at following a negotiating session in Eugene last May 20, attended bv representatives of Congress man Duncan, the Forest Serv ice, the Corps of Engineers, the National Park Service, Lane county, the City of Florence and the Siuslaw Port Commission, and presided over by Russell Gettv. Portland regional direct or for the Bureau of Land Man agement. After an initial penod of misunderstanding between lo cal people and the Bureau ot Land Management, the project has proceeded harmoniously, according to Duncan. Officials Commended "I think that officials of all these groups, and Getty in par ticular, should be commended," Duncan said, "for their spirit of cooperation and public service in coming to a prompt agree ment on the construction of this road, which is important as a major step toward establish ing the south beach and jetty area of the Siuslaw as a recre ational developm e n t. We've proved again that the Federal government is responsive to ine wishes of the people and I am proud to have played a part." Duncan said he saw no reason why construction of the new route should be delayed pending Congressional action on the pro posed Dunes National Park, since the area should be devel oped for recreational purposes regardless of the final decision on the park. terests spent $61.1 billion on commercial structures, facto ries, utilities, new homes, of fice buildings and highways . . . Encouraging new construction expenditures were the availa bility of mortgage financing at favorable rates for new housing, population growth, replacement of substandard units and repair and alteration of older hous ing." Serving and Josephine Counties MAIL TRIBUNE, MEDKORD. Hoyt Describes Tax As Best Could Be Accomplished A member of the Oregon House of Representatives Taxa tion committee Monday describ ed the $60 million taxincrease bill passed by the last legisla ture as "the best that could be accomplished." Addressing a joint meeting ot the Jackson County Republican Women s Federation and the Medford Chamber of Commerce Roundtable at North's Chuck Wagon, Dick Hoyt (R-Benton) cautioned that "if the bill is de feated, the whole stale and ed ucation in particular will suf fer." Hoyt, a Corvallis businessman and a veteran of three sessions of the state legislature, was in troduced to the group of over 150 persons, by Mrs. Evelyn Nye, former representative from Jackson county. Encounter Confusion The speaker said he had en countered "a lot of confusion" about the proposed tax increase, particularly among signers of the referendum petition. "I am appalled that there are so many people who want to keep their cake and eat it, too," he said. He said he believed many of the petition signers were per sons who favored a sales tax. "I am confident a sales tax measure will appear on the bal lot in 1964," he said, "but initia tive for it will be generated out side of the legislature. Divert Their Energies "Instead of working to defeat this year's tax bill, those who favor a sales tax might divert their energies toward doing something constructive for the state of Oregon," he said. Hoyt said he had heard op ponents of the tax increase measure say that "as soon as the legislature is called back into session, something ought to be done about the State In dustrial Accident commission, the fish and game commission and the state highway commis sion." The legislator hastened to ex plain that the funds which sup - There is nothing "just as good" as General Electric or as good as your dependable dealer. OREGON port those three agencies are not involved in the tax measure, which will go before the voters Oct. 15. Hovt said Oregon, which he described as a "high service state," got into its "predica ment" partly because there has been no change in the tax struc ture since 1957. Surplus Used Up In 1961, he said, the state had a surplus of $33 million, but by 1963, the surplus was gone, and the stale actually had to re trieve about $5 million from Veterans Administration funds Klamath Officials Seek Body Identify KLAMATH FALLS (UP!) The Klamath county medical examiner's office said Monday that it has been unable to iden tify a man whose body was found near Gilchrist Friday afternoon. The office said the man, who appeared to be in his 50s, had been dead for at least two months. His badly decomposed body was found near a railroad sid ing by a railroad worker. State police said he apparently had fallen off a train. Four Out of Five Have Home Loans NEW YORK (UPI) Want a good bet? Next lime five home owners under 45 years old con gregate, the chances are that four of them will be paying off mortgages. They will be among some 9 million heads of fami lies in their age group living in mortgaged single-family houses. This information comes from William J. Levitt, president of Levitt and Sons, incorporated. who says "the young man with a mortgage on his home is right in step with the housing econ- 1 omy of our times." If OPm.' ' r"! Model SP503 General Electric i DflSCHIWASIrHli 1 Program and transfer the money to the j general fund. ! Hoyt said that in spite of an ; increase of expenditures, Ore-! gon had the smallest increase in the general fund budget this I year than in any time during i the last 10 years. I He cited recent state budgets I to illustrate his point. Governor Holmes' budget in 1957-58 show- j ed a general fund increase of 27.1 per cent: the Hatfield budg-! et in 1959-60 had an increase of ! 11 per cent; the Hatfield liXil- 62 budget was up 17.2 per cent; bill this biennium's increase was only up 10.3 per cent, he said. Principal Issue He pointed out that this year's increase ot 10.3 per cent was ; even lower than the increase in I 1959-60, which was the year of the "hard-fought" campaign be-, tween Holmes and Hatfield in which "economy" was one of i the principal issues. I He termed this year's budget a "minimum one. State agon- j cies had requested $452 million, he pointed out, a sum which I Governor Hatfield trimmed to $400 million, and which the leg islature further reduced to $:W8 million. He noted his figures did not include capital improve ment items. Education this time account- j ed for most of the budget in-1 creases, he said. Hoyt stated I that $64 million for education had to be raised by the present j tax bill, which included an in-! crease of 29 per cent for high-! cr education, 79 per cent for I community colleges, and 12 per ' cent in basic school support funds. He said that welfare appro priations were only up less than 1 per cent, and that capital con struction figures were only "slightly higher." Hoyt said that he personally liked the net receipts tax prin cipal, but was "afraid it is a lost cause." He said he will sup port a sales tax, but saw little chance that one might be pass ed if the legislature were called I back into special session. This bargain priced dishwasher features exclusive new three-way action that saturates your dishes with the finest, most thorough washing action that modern science can engineer! Flushaway drain ends -hand rinsing and scraping! This delightful ' time-saver washes place settings for 15 people and has an automatic detergent dispenser, plus exclusive new "lift-top" rack. No installation costs. You'll enjoy your new-found "family time" when you discover the convenience and economy of a G-E Dishwasher. PRICED MOW HOME APPLIANCE COMPANY 115 EAST MAIN-MEDFORD TUESDAY. SEPTEMBER 21, 1963 EAGKR TO MAURY ROMFORD, England (UPI) Sandra Shoults, 15. wearied of being single. "I could never wait to be old enough to get married when I Don't Let Money Stand Between You and A New 1964 Model Car! If you are thinking of a new car, -consider leasing your 1964 model the "Bee Hive" way. You are not required to invest a large sum of money in the form of a down pay ment or purchase price. In many cases, the first month's payment is all that is required to drive out the car of your choice. We will pay you top cash for your present car. So, you end up with "Cash and a New Car Tool" . ANNUAL LEASE DAILY RENTAL All Makes-Cars & Trucks BEE HIV CORNER 10th l HI TO SELL OUT! was at school," she said Mon day night after announcing she and her 17-year-old fiance, Da vid Beradall, will be married in three weeks. (OR PICKUP) DARRELL MILLER'S E AUTO LEASE and CENTRAL 1 J
