davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1953-06-12
Federal Reserve Bank Of Philadel-
Pbid Reports On Current Trends

The pace" is changing but the
direction is the same. This Il
what some Of the major indicators
Of business activity seem to be
saying Of the trend of DEVELOPMENTS
in the current quarter. Industrial
production, for example, is leveling
off on a high plateau. Employment
and income gains have been less
impressive lately. And there is that
less tangible bit Of evidence which
businessmen speak of - the in
cFeasing competition in the market
for all goods and services. AS we
talk with businessmen, we are
assured that business is good but
in takes more effort to get it. This
is their recurring theme.
Underlying Strength Still There
In the past three issues of the
Business Review. we have taken
a look at several critical sectors
Of the economy which have been
causing some anxiety on the part
Of businessmen. We have supple
mented available statistics by inter-
viewing representative men active
in these fields in this Federal
Reserve District. When we looked
at inventories, we saw that dollar
wise they were at an all-time high.
But they were not growing top
heavy in relation to sales. ODer-
ations in the construction industry
were continuing at levels unheard
of a few years ago. Even so, new
industrial and commercial suace
was being absorbed and houses
were rot backing up there builders.
despite the high rate of starts.
Automobiles have been coming off
assembly lines in record and near
record numbers, yet the dealers
have told us that new cars were
selling well. Business expenditures
for productive facilities have been
another basic source of strength
in our economy. Surveys made both
at national and local levels have
indicated that these Outlays were
scheduled to rise slightly to new
peaks this year. A spot check of
our earlier findings discloses that
the spending programs of manu-
facturers in the Philadelphia in
dustriaI area are progressing about
in line with expectations
Capital Spending High For
Civilian Needs
Business Investment in new plant
and equipment became an ex-
pansionary force in our economy
quite soon after World War 2. At
the very least, it promises to be a
sustaining force over most of 1853.
Reconversion to civilian goods out
put initiated the movement in 1916.
Rearmament needs set the pattern
and largely determined the scale
Of Outlays - in the two years fol-
lowing the outbreak of war in
Korea. Since last fall, however, the
program for enlarged defense faciI-
tiles has been tapering and civilian
Milford chronicle., 1953-06-12

goods industries once again are
carrying the ball" As might be
expected, emphasis too has shifted
from outright expansion to moder-
nization programs. This is especial
ly apparent in the area of manufac-
turers Outlays. 1t is a healthy
development, indicative of a grow
ing awareness of the need to pro-
duce more efficiently in an
increasingly competitive market.
Straight-away expansion programs
this year center in the utilities field,
where companies still are under
pressure to provide increased SER
vices for both old. and new Gus
toners.
Program Increases At National
And Local Levels
Another year of very high busi-
ness spending appears likely in the
country as whole, on the basis of
estimated capital outlays published
this spring by the Department of
Commerce and the Securities and
Exchange Commission. At that time,
manufacturing, mining, service, and
mercantile industries indicated they
planned to spend a record total of
$27 billion on plant and equipment,
compared with the 1852 figure Of
$26.5 billion. In manufacturing and
mercantile lines, expenditures were
expected to continue at last years
rate. Mining companies and trans
pOrtatiOn concerns, other than rail-
roads, planned to spend a little
more. The nations railroads in
dicated a substantial cutback in
their 1853 programs. But the public
utilities, with very heavy outlays in
1852, anticipated a further sharp
rise in capital investments during
the current year.
Our own survey of capital expen-
ditures covering manufacturers in
the Philadelphia industrial area
was conducted last fall. 1t indicated
that almost $2S7 million would be
spent in the year ended August
1858, compared with about 1915
million in the preceding twelve
months. Spending programs leaned
very heavily toward equipment pur-
chases, with emphasis ION the
replacement of wOrn-out and OBJ
solete tools. Over half of the firms
responding to our inquiries told us
these expenditures might result in
Milford chronicle., 1953-06-12

DTHANE is the around pantdisease controlor use on
diversified crops in the New Jersey Eastern Shore On
thousands Of acres this organic fungcde has proved its
effectiveness against diseases of potatoes tomatoes celery
cucumbers and other vegetables fruits and ornamentas
Check DtTHANEs other advantages
Low cOsR. On yed-peracre basis you save money BY
ls using DITHAEE.
Freedom from the nuisance Of spit-schedue spraying
- DITHANE Is the only fungicide you need
q Protection under varying weather conditions DIrANE
Ss spreads and sticks wen.
FeibllY Choose either DTTIAAE spray or DrTAE dust
e whichever suits your disease control program.
Compatibility. DrTHANE works wen with all csmmonIv
- recommended tomato insecticides
Euse Ct use DITHANE is to miS noncOgrOsve-wont
~' clog or damage spray equipment.
Write for Rohm HOOs DTHANG BUllsfias
bTtNl i ahaasnars. Reg U.s. Pat Of. and d priuet.
pOltos countries
Milford chronicle., 1953-06-12

some increases in productive ca
pacity and that they might involve
a gradual rise in employment as
the programs progressed.
A Spot Check OF Recent Trends
In Actual Expenditures
Even the well-laid plans of a cap
ital investment progam could have
changed sharply in the period since
the Philadelphia area survey was
completed. To be sure, a significant
change in the business climate
would have immediate repercus-
sions on plans for business spend
ing. And then there is the matter
of interest rates - the factor which
determines how much it costs to
borrow money for whatever the
purpose. Lately, comments in the
press have Indicated that the rising
trend of interest rates has caused
some companies to reduce their
spending programs or defer Outlays
to a later date. Circulating reports
of this nature have prompted us to
spot check the spending plans of
manufacturing firms in our own
industrial area. The answers to our
inquiries, covering a section of the
companies that responded to our
original QUESTIONABLE, suggest that
capital spending programs here are
not being curtailed. Many of those
interviewed, however, said that
Outlays in 1854 might very likely
be influenced by the continuance
of tight money market.
Some Companies Spending More
Our original estimate was too
low" This years program was
completed ahead of schedule; we
have started on a new one" "We
are spending more than we had
planned" These are typical replies
from concerns in iron and steel,
industrial chemicals, and the paper
business. In one or two cases these
expressions applied to money be-
ing spent on plant expansion. For
Milford chronicle., 1953-06-12
WARWICK
By Mrs. Ralph Blizzard
Phone MillsbOrO $3.50

Lieutenant Il. 81 william N.
smoot, who has been serving as
electronics officer aboard the naval
aircraft carrier, U. S. S. Princeton,
is now visiting his mother, Mrs. A..
C. Smoot, at her summer home
on the Indian River.
At a recent meeting held at
Clark's Pier at Riverdale, the wives
of the members OF the Indian River
Water Sports Club, met to Organize
an auxiliary. The meeting was con-
Quoted by Steven Warrington, COM
modore of the club. The following
women were elected officers: Mrs.
Mickey Beattie, commodore; Mrs.
Benjamin Drew, vice commodore: /:
Milford chronicle., 1953-06-12

Mrs. Steven Warrington, rear Com
modore; Mrs. James Tate, secre-
tary and treasurer. At a late date
another meeting viii be held, for
appointments.
Mr.. and Mrs. Ralph Johnson were
recent Sunday guests Of Mr.. and
Mrs. Charles Short.
Sunday guests of Mr.. and Mrs.
Fred HolstOn were Mrs. Stella ADJ
kins, Mr.. and Mrs. oliver Adkins
and children.
Milford chronicle., 1953-06-12
Features like these plus new lower prieesl

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makes to save you time and effort.
2 POWERFUL ENGINES, with 100 to
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with Dodge.
TRUcK-0-MATIc TRANSMISSION
with gyrOl Fluid Drive, for the best in
shift-free driving. Available in ~ and
N-tOn models.
SUPERSAFE BRAKES of the advanced
dual-primary type in l. through Atom
trucks. Of the leading makes, only
Dodge offers these up-tO-date brakes.
More. power in the 115- and 2-ton
Milford chronicle., 1953-06-12
Spending Lags With A
Few Firms

OpCMullB AalBa WAtA "A
Few Firms
In most cases, where a company
advised us that it's spending pro-
gram Jagged, the current strike Of
construction workers was to blame,
or it was the oft-repeated remark
that machinery and tools were
arriving away behind their original
delivery dates. Neither the current
business situation nor the tight
money market appeared to have
anything to do with the failure of
a firm to make capital OUTLAWS as
fast as had been expected when the
program was initiated The tempo
rary nature of the factors respon-
sible for this lag in business spend
ing and the small minority of firms
so affected point up the underlying
strength still present in this inn
portant area of the economy.
Milford chronicle., 1953-06-12

Mr.. and Mrs. Edwin CIendaniel
are occupying their cottage at Riv-
erdale Beach for the summer
months.
Milford chronicle., 1953-06-12

Look at the money-saving features listed
below. And then remember that Dodge gives
you these features at new lower prices!
Prove. for yourself that Dodge trucks are
your best buy Compare them with any other
make! See or phone us today!
Milford chronicle., 1953-06-12
For Athletes Foot

Use T-4-L for TO days. u actually
Peels off the outer skin, exposes buried
fungi and KILLS ON CONTACT. If not
pleased with insiOnf-drYins TAI, your
A0e back at unY drug store. Toduy at
RAGAlNS PHARMACY
Milford, Delaware
kS-9t
Milford chronicle., 1953-06-12

ranges than other leading makes.
More pickup and express bodies than
other leading makes, including new
16"-wheelbase 115-tOn pickup.
Greuier k-iOn-panel PaYIOad and cubic
capacity.
Fluid coupling, for smoother traction in
~, "a and 1-tOn models, offered only
by Dodge.
z fuel filters on all models to assure
cleaner fuel and cleaner engine.
Floating oil intake selects clean oil just
below top; avoids sediment at bottom
of crankcase.
Weaer distributing tube on all models
PRICES REDUCED AS MUCH AS $6I.OC
Evening star., 1953-06-14
Everest. Asked why he wanted
to make the climb, Mallory said:
Because Everest is there"

Everest. Asked why he wanted
to make the climb, Mallory said:
Because Everest is there"
To Try Climb in Nude.
A group of Yogi enthusiasts
from New Delhi, India, recently
advanced a new idea in noun
tain scaling. They said they
plan to try to climb Everest in
the nude and without taking
along any foodo, oxygen or
sleeping tents.
The mountains name in the
Tibetan tongue is Chomolunga,
which means the goddess mother
of the world. A spokesman for
the Yogi group explained that
the way to approach her is "the
usual, well-known, pious, loving
approach of a naked baby to the
arms of it's fondling mother"
Mountain climbing is the most
hazardous of sports. Death turks
behind every rock and in every
fall of snow. High winds wall
around the SUBMITS of noun
tains and some, like Everest, are
so high that a man near the
peak cannot breathe without an
oxygen mask.
A spokesman for the National
Geographic Society said man
who dares Everest is 'Tisking
death and almost certain high
altitude damage to heart and
lungs to stand on a small spot
on which no man could remain
for more than q few hours and
live"
Contest More Exciting.
Reaching the summit. however,
is not at the root of a mountain
climbers dream, Mr.. Doerr said.
1.-THE contest itself is more ex-
citing. The same elements are
there that you find in accom-
plishing any great feat in
sports"
While there are those who
shudder at leaning from a third
story window, thousands Of 9TH
Evening star., 1953-06-14
Railway Group Hears
Nixon Talk on Peace

Vice President Nixon told the
eighth Pan American Railway
Congress yesterday that trans
portation improvements will con-
tribute to peace and friendship
among the American republics.
The congress held its opening
session yesterday at the Shore
ham Hotel. It will continue
through this week.
Several hundred Government
officials, railroad and transpor-
tation specialists from the United
States, Latin America and other
parts of the world are present.
At a preliminary meeting Fri
day, DR.. James G. Lyme of New
York, president of the Simmons
Boardman Publishing Corp. was
elected chairman of the con-
greSs. Lloyd j. Herman Of
Washington was elected secre-
tary general.
Others who addressed the
opening session included DIR.
Lyme: William T. Farley, presi-
dent Of the Association Of Amer
ican Railroads and head Of the
United States delegation to the
Congress; Atilio Cappa of Buenos
Aires, acting president Of the
Pan American Railway Congress
Association, and Carlos Lazo,
secretary of communication
and public works of Mexico.
Evening star., 1953-06-14
Only One Problem
Left in Mountain
Climbing: Why Do Il!
By the Associo,ed Press

Now that man has proved he
can climb the highest mountain
in the world. only one thing re-
mains: How to explain to the
uninitiated why he wanted to
climb it in the first place.
Perhaps an explanation Is
impossible, for there is a vast
chasm in the thinking Of those
who climb mountains and those
who don't.
A man who has made a real
study Of the why's and where
fores of mountaineering said
yesterday that the mountain
climber is a man who is at once
a mystic, a philosopher and an
athlete.
One Good Explanation.
This appraisal came from John
E. Doerr, chief naturalist of the
National Park Service. Mr..
Doerr said one of the best ex-
plantations ever offered came
from a French Alpinist named
Maurice Herzog in 1851 after he
had scaled Annapurna, the 10th
highest mountain in the world.
Mr.. Herzog said: Some might
call it foolhardy, but I believe
it was a difficult struggle for an
ideal end. Security is not the
be-all and end-all of living.
Mountain climbing involves the
conquest of something other
than men,"
And then, Mr.. Doerr added,
there is the classic statement by
George Leigh Mallory, the Brit
ish mountaineer who died in
1924 in a vain effort to climb the
worlds highest mountain, Mount
Evening star., 1953-06-14

his own feet he had to make
Sits in them.
Then Rebuffat tied me on the
rope and we went out. There
were only two ice-axes for the
four of us, so Rebuffat and Ter
ray took them as a matter of
course. For a moment as we left
the two tents of Camp v, I felt
childishly ashamed at leaving all
this good equipment behind.
Already the first rope seemed
a long way down below us. We
were blinded by the squalls of
snow and we could not hear each
other a yard away. We had both
put on our cagoules, for it was
very cold. The snow was apt to
slide and the rope often came
in useful.
So, Tracks Are Gone.
Ahead Of us the other two were
losing no time. Lachenal went
first and. safeguarded by Terray,
he forced the pace In his anxiety
to get down.
There were no tracks to show
us the way, but it was engraved
on all our minds-straight down
the slope for 400 yards. then
traverse to the left for $50 to 200
yards to get to Camp w.
The snow was thinning and
the wind less violent. Was it
going to clear? We hardly dared
to hope so. A wall of seracs
brought us up short.
"It's to the left" I said, II re-
member perfectly"
Somebody else thought it was
to the right. We started going
down again. The wind had
dropped completely, but the
snow fell in big flakes. The mist
was thick, and, not to lose each
other, we walked in line: was
third and I could barely see
Lachenal, who was first. It was
impossible to recognize any of
the pitches.
We were all experienced
enough mountaineers to know
that even on familiar ground 1t
is easy to make mistakes In such
weather. Distances are decep-
tive; one cannot tell whether one
is going up or down.
All Hidden by Mist.
We kept colliding with hum
mocks which we had taken for
hollows. The mist. the falling
Snowflakes, the carpet of snow,
all merged into the same whit
ish tone and confused our vision.
The towering outlines of the
seracs took on fantastic shapes
and seemed to move slowly
around us.
Our situation was not desper-
ate, we were certainly not lost.
We would have to go lower down;
the traverse must begin further
OIL remembered the serac
which served as a milestone. The
Evening star., 1953-06-14

tion's leader, is due tomorrow,
the British Embassy announced
tonight. The men who made
the final dash to the icy crest,
New Zealander Edmund Hillary
and Nepalese Tensing Bhutia,
are expected here Monday or
Tuesday.
Honors are piling up for them
from Britain. Nepal and India
for their conquest of the 29,002-
foot peak, the worlds highest
known mountain.
The British and Indian am
bassadors and high Nepalese
government officials will be there
to welcome them at an advance
post 20 miles from Katmanda.
So will Mrs. Hunt, fresh from a
plane flight from England. So
will Mrs. Tensing and her two
teen-age daughters, transported
as state guests from Darjeeling,
the Bengal town where the
TenSing family lives in a row Of
huts among other porters and
guides.
Evening star., 1953-06-14

snow stuck to our cagoules, and
turned us into white phantomS
noiselessly fitting against a
background equally white. We
began to sink in dreadfully, and
there is nothing worse for bodies
already on the edge of exhaus-
ton.
Were we too high or too low?
No one could tell. Perhaps we
had better try slanting over to
the left! The snow was in a
dangerous condition, but we did
not seem to realize it.
We were forced to admit that
we were not on the right route,
so we retraced our steps and
climbed up above the serac
which overhung us. No doubt,
we decided, we should be on the
right level now.
Only Disappointment.
With Rebuffat leading, we
went back over the way which
had cost us such an effort. I
followed him jerkily, saying
nothing, and determined to go
on to the end. If Rebuhat had
fallen + could never have held
him. s
We went dogged1y on from
one serac to another. Each time
we thought we had recognized
the right route, and each time
there was a fresh disappoint-
ment. If only the mist would
lift. If only the snow would stop
for a second! On the slope it
seemed to be growing deeper
every minute.
Only Terray and Rebuffat
were capable of breaking the
trial and they relieved each other
at regular intervals, without a
word and without a seconds hes
itation.
I admired this determination
Of Rebuffat's for which he is so
justly famed. He did not intend
to die! With the strength of
desperation and at the price of
Evening star., 1953-06-14

superhuman effort he forged
ahead. The Slowness of his prog
ress would have dismayed even
the most obstinate climber, but
he would not give up, and in the
end the mountain yielded in
face of his perseverance.
Out of His Mind.
Terray, when his turn came,
charged madly ahead. He was
like a force of nature: At all
costs he would break down these
prison walls that penned us in.
His physical strength was excep-
tional, his will power no less re-
markable.
Lachenal gave him consider
able trouble. Perhaps he was not
quite in his right mind. He said
it was no use going on; we must
dig a hole in the snow and wait
for fine weather. He swore at
Terray and called him a mad
man. Nobody but Terray would
have been capable of dealing
with him-he just tugged sharply
on the rope and Lachenal was
forced to follow.
We were well and truly lost.
Editors note: But this sDas
not the beginning nor the end
OF the AnnGpurnG story. Reach
ing the summit iUGS, in itself.
not the real Gilman. The as
SGult, from the first step, tDaS
at daily risk of lite and an open
challenge to nature. The trip
down. "the retreGt," tDGs an
invitation to death.
(TomorroD begins the chron-
ology of this great adventure
and you Dill accompany these
brave men on their climb to
the summit and on their end
less. pain-flled Ddy back to
civilization.
from the book "AnnGpur-
na," by Maurice Herzog. Copy
right, 1852. BY E. P. Dutt0n &
Co., Inc.)
Evening star., 1953-06-14
Glossary Of Terms
Used by Climbers

cRAMP0N-A metol fFome with spikes,
fitting the sole Of the boot. for use
on hord snow or ice.
cAG0ULE-A long windptoof ioeket
which falls below the knees II has
q hood ottoehed.
GLlSSADE-To slide down o snow slope.
either sitting or stondins. using the
ice OK TO control speed and direction.
MONS0ON-Seosonol rains which ore
very heovy.
PITCH-Section Of difficult ice or rock.
onythins from 10 to l2o feet in
height.
SERAC-Tower or pinnoele Of ice.
TRAVERSE-To cross q mountoin slope
horizontally.
Evening star., 1953-06-14

ers, including more Americans
than you might imagine, make
annual pilgrimages to the tops
of mountains.
Last year in Rocky Mountain
National Park alone, 1925 men
and women scrambled to the
top of the 14,255-foot-high
Longs Peak, one Of the tough
est mountains in this country.
Mr.. Doerr said people in the
mountainous lands like Switzer-
land go in more heavily for
mountaineering than Americans
but that more and more Amer
leans are climbing mountains
every year. I'd say the increase
has been about 5 per cent a
year." ~"a
One veteran climber summed
1t up this way: r..
"Up there on . mountain
you're all alone with yourself
and nature and God"
Evening star., 1953-06-14
Mt. Everest Conquerors
Almost Back to Base

KATMANDU, Nepal, June 13
R.-Strung out along desolate
miles Of trail, the sahibs and the
sherpas-masters and servants
Of the British expedition that
conquered Mt. Everest May 20
are slowly nearing a heroes well
come in this tempted city Of the
Nepal valley.
Col. John Hunt, the expedi-
Evening star., 1953-06-14

(Fronr the book "AnnGpur-
nG," by Maurice Herso0. Copy
right. 1852. BY E. P. Dutton &
Co. Inc.l
Evening star., 1953-01-04

children's Shoes, feathers. 8h to 3
in group --------l --z.39
Mems NyIon Sport Shirts, small,
medium, large ------ 2.99
Mems T-Shirts, Athletic Shirts, ir-
regulars, cotton. 36 to 49, 34e
Mems. Corduroy Sport coots, cotton
pinwole corduroy. ReeuIors, longs.
36 to 46 $40
Mems Shoes, feathers. s to u in the
group
Evening star., 1953-01-04
uFh's WINTER JACKETS

s.,eoo+.! Bombers! Blouse sts'e''
nsu'o'e r,oosd, hondsoe oekss Apoee o"o
worm ,usss 's'go., Self and warm fur coors Roy0n
qu'''eo ' tockIe wills, ploids obeled as 10 ~0''
content! Sizes 36 to 40!
Evening star., 1953-01-04

Boys Flonnel Shirts, cotton. 4 to
Girls cordisens, perfects, irreeu-
lars, all wool. 7 to l4-----1.98
Tots Knit SIespers, cotton knits. l.
to 8 3 for 81
Tots Corduroy overeIIs, cotton
corduroy. z to 8 8-------3 for 81
children's Slippers, royons, wool
felts. 8 to 3 in group P----$l
Evening star., 1953-08-14

Young lady with nice phone person
ality to work for national finance
company. Experience not necessary.
COUNT CORP. EX. 3-S46O. IA