The Key West Citizen Newspaper, November 13, 1954, Page 7

Business Predictions For Nation Vary Leaders Fear Speculation May Mount N YORK W® — Warnings &gainst overconfidence are being sounded today along with all the pleasure at the improvement in business conditions The talk of caution doesn’t come from prophets of gloom and doom. It comes for the most part from business leaders who believe, along with the majority, that industry and trade will set a better pace the rest of this year and the first months of 1955. But they don’t see any boom ahead. And they fear| that overconfidence might set off unwise speculation. Steel is an example. Some com panies, fortunately situated as to markets or producing special types of steel now in greatest de- mand, are nearing capacity pro | duction, Output for the industry as a whole is approaching 80 per cent of capacity No Boom, No Slump But a number of top men in the industry say they doubt if the av erage for the final three months of 1954 and the first three of 1955 | will be above 75 per cent of capa- city, That doesn’t spell slump, of course, but neither does it spell boom. More optimistic is Tom Camp- bell, editor of the metalworking | weekly The Iron Age. He's out today with a prediction that for all 1955 steel output will be about 85 per cent of current capacity. Oil, a traditionally exuberant bu- | siness, is another example of cau- | tion. Most oilmen attending the | American Petroleum _ Institute | meeting in Chicago say demand | for their products should rise a little next year. But some note that this year demand didn’t rise as much as expected—only 1 or 2 per cent over 1953, a much small er increase than in previous post. war years Auto Industry The auto industry is one of the | most hopeful at the moment. It is | showing many new models, with | strikingly different designs, aimed at making you dissatisfied with your present car. The industry is for next year. The chances are talking about big production plans for next year. The, chances are they'll go through Buf the cautious warn that so far it’s still in the wishing stage —| depending entirely on the buying | public. Home building is booming just | now. And everyone apparently js | predicting that it will go along the same way next year But a few bankers arg warning | } corner of Von Phister and Tropical Streets. of the modernistic structure, de- signed the home. He was building she was in Europe. was completed, construction with a poured concrete ‘it will be okay, they say—unless a real recession pops up unexpected- 4 MODERN HOME—This $14,000 house is being built at Von Phister ani Tropical Streets by Phil Toppino for his own use. The structure contains approximately 1,400 square feet of floor space and was designed by Toppino, a contractor. construction.—Citizen Staff Photo, Don Pinder. Phil Toppino Builds Modern 3-Bath, 3-Bedroom Home Here. Builder Says Sightseers Are Destructive That you don’t have to be an architect to design a modern home is being shown by the three bedroom home in construction stages on the ‘ Phil Toppino, owner and builder it as a surprise to his wife whilg She's Back However she returned before it The home is of concrete block roof. It contains three tiled bath- rooms and has a terrazzo floor. When Toppino was asked where | he got the idea for the carport About 100 cubic yards of concrete was used in the ‘He Didn't a A Decimal Point Current Rise Could Carry Saturday, November 13, 1954 THE KEY WEST CITIZEN | To New Year NEW YORK (#—A’ growing num- | ber of industrial leaders today are | saying that the current pickup in| business should carry over into the | new year. | WASHINGTON w — Under ‘n- Predictions of sustained output | creasing pressure from needy na po odlagrrthaymertda a ~— | tions for a greater flow of Ameri mobiles, railroads, oil, petrochem- | can investment dollars, the govern. ieal8, electrical appliances tires|ment has agreed to back a 100 and vasa aa a million-dollar international invest eo Srocasts include no claims | ment agency. | |for Sensational gains next year i i | but most of them insist that the| The decision, announced present slow betterment in their | Thursday, reverses a policy of op-| industries should hold through | position to the idea of years’ stand- | the winter at feast .There are also | ing. | 71 eigen forecasts to back. The move was expected to get | For example, the report this | British cooperation, and to raise a/ week of the Organization for Euro. {round of cheers from capital-huu- | pean Economic cooperation advises | 8TY nations of the free world whose | | European members they can count | Peoples are demanding a_ living | on a moderate upturn in U.S. eco- | Standard nearer to that of the Uni- | nomic activity for a year or more, | ted States. Change Indicat Secretary of the Treasury Hum- Evidences of a change for the|Phrey cautioned that the venture | better continue to pour in. Inven.| Would be an experiment “subject | tory cutting draws to a close, and|t0 review from time to time.” | in September there was actually | He said the administration would |the first increase in total inven.|SUbmit the plan to Congress as ‘tories to be reported this year, a as details have been worked | Freight carloadings are pickin, , | out. Fiecting more perhitae o the In New York, Ambassador Henry mills and factories, and promis.|Cabot Lodge Jr. hailed the deci- sion as a “step forward” toward ing that the railroads’ earnings i icture this year may be ri industrializing underdeveloped r - seri countries. Lodge, chief U.S. dele- |in the final months. | And here are some of the pre-| Sate to the United Nations, added | |dictions for individual industries: |i®, 4 statement: | At the American Petroleum In-| “This new approach to interna- stitute meeting in Chicago, oil ex-| tional economic development, if it ecutives are predicting another in-|i8 approved by the Congress, | crease in oil consumption next | Should make possible a new enter- laie | United States May Aid International Investments [TOOL TIPS} |: TWO TOOLS in one, which can save time in tight places, can be formed by carefully bolting an inexpensive level to the short leg of a square. This is a carpenter's tip from the idea pool of the American Builder, trade publication, Formosa is less than from the Chinese mainland, Page Population InFla. Continues To Increase ida’s population growth <— of any state east of the Rockies — has jumped 27.1 per ce the 1950 census. ustrial development divi+ n of the state today announced on the population increase | as other facts about boom- orida. st figure gave Florida a of 3,533,000, 1950, Florida has* moved to 16th place im popu. ng. It has passed Ken- ky, Alabama, Minnesota and essee and at its present rate wth it can be expected to te with Indiana for th lace before 1960, An average of 2,629 new resi- s move to Florida every week out of the state, g the population trends for au of the Census predicts that ng the next 10 years, Florida's j Pere ge of population gain will jexceed any other state | Sales agement’s Survey of buying power places Florida in set+ jond position nationally in percent- age of gain in disposable income, | Florida’s increase in disposable income during 1953 over 1953 was 12.3 per cent, bringing total effee~ tive buying power income to $4« | 466,036,000. | Florida entertains an estimated 5,000,000 tourists a year, |. Residents of the state realize am income of about $1,000,000,000 per year from tourism, creating a —{strong market for goods and ser- 90 miles vices and expanding the buying power of resident Floridians. column designs he replied that they were “just cement columns.” The home contains over 1,400 feet of floor space. Toppino said | Burns said he was sleepy when a that he used about 100 cubic yards |¢iZhbor telephoned an offer to| of concrete in the construction, |purchase his automobile It is natural that concrete would; “Will you take seventeen-fifty | be the predominant item used be-/for your new car?” he said the cause Toppino is in the concrete Neighbor asked mixing buisiness. | Burns said he agreed to such a Sightseers Hinder sale, that the neighbor appeared Toppino said that one of the @ few minutes later and gave him worst things that builders have to 4 check in exchange for the title contend with is the fact that sight-| and keys to the car. geers and curious people go “I later looked at the check and through the structure and some-/it was made out for $17.50, not} times unknowingly cause damage. | $1,750,” Burns said yesterday, jy. Foreclosures right now are few, | against the growing number of no-! but even so, in some places, they down-payment sales of new homes. ! are higher than a year ago. The Maxwell Co., Inc. South's Largest F urniture Dealers COMPLETE | HOME FURNISHINGS Custom Made Venetian Blinds | (FAST DELIVERY) Outdoor Aluminum and Patio Furniture (TO PLEASE YOUR EYE AND POCKETBOOK) Apariment - Motel - Hotel Supplies (DECORATOR Bar and Restaurant Equipment (COMPLET 901 - 909 Fleming Street SERVICE) © LINE) SEOUL (®—The U.S. Sth Army |UPturn is ahead for the textile in- | — He gave as an example people} A charge of felony swindle was and had chipped the terrazzo used | Justice of the Peace Tom Maes. | around the window baseboard of| A statewide police order has| The building permit for the con-| rest. struction was issued for $14,000. | _—_—_—O ‘Korea Land modern struetures on Von Phister € n Street. *1 32 4 Monday will transfer to South Building Permits | sret‘ne'simisisratve conte! st some 2,300 square miles of-land | Three new homes and a duplex | north of the 38th parallel, captured | mits this week | War. Building new concrete block and| The area, in the form of a rough cisa on Rose St. and Eric Curry | tip near Old Baldy on the old we: on, Laird St. Each of these homes | central front to a point 40 miles} who walked through wet cement filed against Ralph Wardlaw before | the structure, been broadcast for Warslaw’s ar-| The home will be one of the most ew romes rea | | headed the list of city building per- | from the Communists in the Korean stucco residences are Amelio Nor-| triangle, stretches from a western has a permit for $8,500. jnorth of 38 on the east coast. It} year, and some expect the industry HOUSTON, Tex. (#—William D.| to spend more next year on capita} | Stantially to the industrial progress | outlays. | Petrochemicals, one of the oil in- | dustry's sidelines, should hit a 344. | billion-dollar production pace, T. G. | Hughes, president of Oronite Chem- | ical Co., says. Rubber Output Replacement tire demand should rise next year by around two mil-| lion more tires than this year’s | 5444 million, according to William | O'Neil, president of General Tire | & Rubber. Detroit’s rosy view of 1955 is being widely proclaimed just now | as the auto makers present their | new models and hope that con- sumers will see it that way too, | Big gains in output and sale of electric home appliances are fore. cast by J. M. McKibbin, vice presi-| dent of Westinghouse Electric, at} the Atlantic Cit) meeting of the| National Electrical Manufacturers | Assn | J, Spencer Love, chairman of | Burlington Mills, says a definite | dustry. | IT’S WATER THIS TIME DALLAS ® — Water from broken main Wed. flooded 2 five] | floors of the new 40-story Republic | 19% Duval Street National Bank building, which had | been plagued by 10 fires and half | a million dollars in damage during its construction. | Robert Carrol is building a $9,-/ has a population of about 130,000. # here are more than 225 des- 500 CBS residence at 1514 Rose | St. | Citizen Ads Bring Results! Pablo Perez took out a $12,000 permit for a CBS duplex at 2517) ——— Staples Ave. Hilson Sweeting is building a $12,- 000 CBS store building at 413 Pe tronia. Other permits were: Beldner’s Women’s Apparel, 528 Duval, concrete floor, $1,090. J. B. Anderson, 1202 Ashby, fence $200. Max Cohen, Sun and Surf Motel, 508 South St., seawall, $7,000, | M. Higgs, 820 Johnson Lane re- pairs, $150, N. Cornick, port, $200. P. R. Elliott, 911 steps, $100. Now Available ... . ‘NEON 1708 Duncan, car Seidenberg troyer - type warships now on ac- tive duty in the U. S. Navy. SIGNS On Easy Payment Plan “Built To Quality—Not To Price” NEIL SAUNDERS LICENSED ELECTRICIANS Robert Evans, 713 Galveston Be | Lane, repairs, $150. William Saunders, 1701 Von Phis- ter, repairs, $1,000. Joe Adcock was the only regular on the Milwaukee Braves to bat Telephone 2-6031 over .300 in 1954. He hit .308. PHONE 2-7661 Call for FREE WILL BEAUTIFY YOUR HOME WITH REALOGK REALOCK — WIRE S yeorn te 0 Mite os 283 N.E. 71 St. (Showroom) t EM we! weettee 8 we 8 — te te stitch in time saves roof leaks—Make uote on your roofing nee ete new roof or py a, A e ‘ftriegs our & Sinanrete ctr sant P For FREE Estimate 2-245 e perhap m ers too — witha or better yet ¢ perts give FENCE CO. Ph. 84-0651 ESTIMATES De nine that repair ds whether epair. 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