Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1958-10-15

',t.CVlSlOn screens, but we think
we can better build a liking for
our company and products by
Offering special treatments OF
stories that people have proved
they love"
LESSON LEARNED - One OF
the leSS-publicized silver Innings
IN the recent recession was the
realization by businessmen that
old and Cutmoded production
machinery does not pay. Turing
the decline, when businessmen
again found themselves count
ing pennies and keeping a sharp
watch on costs, they found out
they were wrong when they had
decided TO make old, high-main-
tcnanCc machinery carry on q
while longer. For some this
gamble was disastrous.
As a result, says a firm that
handles the inStalment financing
of machinery and equipment for
commerce, industry and the pro-
fcSSionS, spending for equip
mcnt will be on the rise in the
coming months. c. l. T. Corpora
ton, the nations largest indust-
rial financing firm. is planning
for u rising demand for mach
.In"rp financing.
Backing up the experience
gained in the recession is the
realization by manufacturers
that the coming decade will sec
tremendous economic expansion
as the babies of the war pears
marry and enter the market
Competition for the markets OF
the 1905 cannot be met with
Obsolete machine tools. c /. T
Corporation points out, ano to-
day one-fourth of the machine
tools in use are at least 20 years
old. SIXty-fivc per cent are a:
least 10 years old.
THINGS TO COME - Sort OF
late in the season. but a manu-
.faCtUIcr is bringing out a toy
baseball game that permits test
ing your judgement on 1000
plays y combined parcel
post package scale and postage
printing machine said to be ca
.pablc Of reducing shipping to a
.oEc-mavhInC. onC-man operation
IS being introduced The
Russians are still rolling tech
.nologically: they repeatedly have
"A li2-ton all-plaStic steamboat
ready for launching: it will car
~ up to fifteen tons of freight
50 LOOKS GOOD - Sales
and output for seven OF the ma
tons major industries should
climb in 50 if recent predictions
bp leading Spokesman are borne
out. Representatives of the steel,
textiles. auto, petroleum and
chemical industries forecast in
crcaScS Of { per cent to 25 per
cent before Il marketing session
Of the National Industrial Con-
ference Board. Leaders of the
construction and Of the machin-
.cry ana equipment industries at
the same session were loath to
be so specific but did see pro-
.uction and sales increases next
I year over this.
steel production is expected
20 be about p per cent higher
while the car market is forccas'
as being 20 per cent larger
sales Of textiles. petroleum and
chemicals are expected to rcgist-
cr increases Of ! TO ) per cent.
MODERNIZATION, COST =
tCUTTlNG -- Possibly leaders OF
he construction and of the ma
chinery and equipment indust-
les would be a bit more opti-
lmistic If they had the results OF
4 recent survey of more than
100 top executives: industry is
Stepping up its plans for capital
expenditures.
But almost across the board
tho spending will be for modern
izing equipment, for cutting
,rstS. and for facilities essential
TO the development Of new pro-
ducts. The major producers are
not planning on expenditures
for increasing capacity: il is felt
that the expansions Of 1955-57
are adequate to take care Of ca
pacity needs in the immediate
future.
BITS o. BUSINESS - Heat
ng oil inventories last year
we're UP and prices went down
this year stocks are down sc
,rices are seen heading UP