The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1962-01-11
Behind The Scenes 49,

ing to the latest economic fore
fasts.
The brisk pace OF consumer
spending, coupled with rising
industrial productivity, will in
evitably force the price line up
ward in coming months AL
though the rise will be slight,
it will affect both Industrial
and consumer products, say the
experts.
During the past year prices
have remained relatively stable;
indeed, in several periods, show
ed slight declines. But recent
consumer spending patterns, if
they continue, are bound to re-
suit in higher price tags for O n
sumner goods. Look for the dis
appearance of big clearance
sales. generous discounts and
other obvious bids for consumer
dollars during the next few
months.
Credit Strength
Consumers are beginning the
new year in a Strong credit
position, according to l.. Walter
Iundell, president of CIT.
Financial Corporation, the ma
TONS largest consumer and in
dustrial financing institution.
Instalment obligations have
been repaid at a rapid pace dur
ing the past IL months, con-
sumner savings have increased,
and substantial improvement is
evident in factory wages and
employment induces, he noted.
A continuing sales increase" is
in prospect for the automotive.
low-cost housing and other con-
sumer-oriented industries for
which CIT. provides instalment
financing. he said.
"In 1862 instalment credit
will take on added significance
as a sturdy partner in our mass
production and mass-consump-
ton economy" he observed.
"The turnover of instalment
credit, with millions Of consul
mers assume new instalrnent OBJ
legations, continues to constitute
a dynamic and constructive
force in the current business up
turn"
The new year. Mr.. Lundell
said, should see "a consistent
but orderly increase" in the use
of credit by both businessmen
and consumers.
Earthly Orbits
The newest advance in aero
: space testing technology a
t ground orbiting" space cham
i Der designed to test entire space
{ vehicles and systems will
t saw considerable time and tax
, payer dollars in future years,
: a leading aerospace manufac.
, turer, the Bendix Corporation
t predicts.
D The down-to-earth space
s chamber developed last year can
e test complete space craft or COM
Y ponent parts in a simulated
Y space atmosphere. According tc
S Louis B. Young, general man
ager of the Bendix Systems Di'
: vision, the new space chamber
which exceeded all specified
+" tons" in its recent initial test
1 can achieve simulated height
2 Of $50 miles, a vacuum that eli
s inmates 99.99 per cent CT TIT
" earth's atmosphere, conditions Of
intense solar heat and cold, and
the acceleration and the decele'
% ration conditions of actual orbi-
t tai spae flight.
v The space chamber is the
: heart of a multi-million-dolla
/ Bendix space laboratory that will
: be in full operation early this
r year. The new facility will sig.
) ~nificantly reduce the cost ano
4 time involved in testing new
e spacecraft and related systems
Mr.. Young said.
Small Stuff
v Some of the biggest indus
: trial achievements of 1861 were
d III the field of naturalization
: according to an executive whose
i firms newest product won last
: years Standardization Award
t William O. Bennett, vice
e president for research and en-
cheering of the Bulova Watch
IS Company, Inc, said his firm:
"Accutron" electronic tImepiect
]. - which won the award in com.
It petition against 1l6 other en-
t tries-contains a complete cleo
!, tronic system and power source
e within a wrist-size watch. The
: "Accutron" is guaranteed to be
r accurate to one-minute-a-montf
e in daily use, and has been USED
in U. S. satellite and industrial
t programs since being intro
: duced.
Other entries in the miniature.
: cation competition included
t two-phase electric motor 1/6'
inch square, an &C timing