The Philadelphia Inquirer from Philadelphia, Pennsylvania • Page 40

'r THE PHILADELPHIA INQUIRER. MONDAY MORNINQ. JANUARY 7, 1963 40 adh xjf I 50 YEARS AGO Less Traffic Volume in '63 Plans Pushed By Red Arrow Expected by PRR President Atomic Power Spurt Seen Giving Impetus To Electrical Firms By MARK W. (RESAP, President, Westinghouse Electric Corp. continuing high level of business activity is in pros PBii for the U.

S. electrical manufacturing industry in 1963 with added impetus provided by the comingof age of com To Aid Service torles. The one bright spot has not yet effective. If tax reductions are put in effect early been sales of automobiles. opened their iirst store.

In (he SO yeert linee Joe Fsnneiwn nd Den HeJey ituted leUttif end mekinf peinu. they never deviated from their eiw deavor to tell the FINEST Tedey, their eoni maintain th eeme tradition, much to the delight of home and industrial utert to whom rH Faint are the HalU enarfc of fineet point ejuabty. Every drop foei on giving pleaturel in the new year, and if these None of this is to say that and other measures are sue cessful in stimulating the econ our national economy is not By MERRITT II. TAYLOR, Jr President, Philadelphia operating at a high level: it Is, omy, the outlook for rail traffic mipht be improved, but the Suburban Transportation Co. and will probably continue to do so in 1963, with gross pa chance is remote that this Red Arrow Lines plan for change for the better would be progress on all ot its dus ana Uonal product somewhat ibovc 1962.

Unforunately for the rails, imercial atomic power. enough to lift earnings lor me rail lines will be carried for By ALLEN J. GREENOUGII President, PRR The prospect of satisfactory railroad earnings in 1963 is not good. The outlook is for about the same or possibly somewhat less volume of traffic than in 1962, which resulted in Industry earnings that were extremely unsatisfactory. Although many had expected that by now an industrial expansion would be under way which would run through the remaining years of the 1960's, the forces that were to start and sustain such an expansion are year to any significant extent.

ward this year. At the year-end. Southern much of gross national product is in expenditures which involve Mergers Urged Many im California Kdison Co. and Con A major difficulty, especially for eastern lines, is that activity little demand for rail trans neiticut Yankee Atomic Power porta tion electronics, missiles. -Por the prove have already in steel and other heavy Indus trw has not been accelerating been institut Co.

had announced their plans subject to Atomic Enemy Com mission approval, for construe health, cosmetics, advertising entertainment and so on. FORCES AT WORK ed, such as Steel capacity is now well beyond demand, and there little nressure to new direct tion of atomic electric genera? "Express ing stations using Westinshouse accumulate or expand inven reactors and totaling 895 WO Dark as the immediate outlook for the industry is, there are forces at work which, if way" service between subur ban communi kilowatts capacity. And Consoli RUG or CARPET. dated Edison Co. of New York allowed to operate, would even had filed an application for IINTIilOl DiilONING ON LOCATION CUANINOI ties and down town Philadcl In Electronics To Aid Industry By SIDNEY HARM AN President, Jerrold Electronics Corp.

Small electronic firms must follow the path of consolidation in the decade of the sixties in order to profit further from their rapid postwar growth. Thft xmnll fimm thnwa U'ilh ncrmit to build a one million tually return the rails to their rightful place in the Nation's economy. One of these con phia, a new air Rail Man of Year kilowatt plant in a proposal for m. h. taylor itioned sists of mergers designed to re whuh westinghouse and Mono 69th Street Terminal for Norris Webster provided the de duce costs and improve service town Rail passengers, expanded RAILROADERS were by eliminating duplicate facili signs.

ties, thus enabling the rails to to pick a "Man of the free parking facilities, and the acquisition of a large fleet of OF THE GAP obtain more business and Year" for 1962, the 1730 CHESTNUT PHIL A. LO 3-5372 331 E. Lancaster Wymwwood Ml 2-0790 OPEN WEDNESDAY EVENINGS These companies' foresighted modern air-conditioned buses handle it more efficiently and actions dramatically spotlight In the new year, 10 additional profitably. annual sales of less than $10 the rapid closing of the gap bo deluxe air conditioned buses Helpful and essential as such conventional tween the cost of million made head-spinning will be added to our present mergers are, they cannot be for electric and atomic fuels Dower generation. fleet, offering such luxury transit innovations as reclining growth in me nines as ciec tropics specialists and now ac For the electrical manufac count for some $5 billion in seats, racks for shoppers' pack- fully effective without modernization of outmoded work rules which require the industry to pay out hundreds of millions of dollars a year for "work" not needed or sometimes not even done.

ges and air-cushioned suspen turers, the 1963 economic challenge will be to improve earn-incs so that they can support salfs. They must join forces, if tiicy are to see the growth cvtfle reDeated in this decade. sion. Linked witn tne exten You name It We have itl DELAWARE COUNTY sive building and equipment and speed the research, engi Small firms provide the key program, Red Arrow will actively review the proposal to neering and the development of to greater flexibility for the entire electronic industry, but PROGRESS MADE advanced manufacturing meth make more extensive use of its Fnrf nnaf 1 nrnffrptl htf. ods which gave birth to the rail rights-of-way to better serve he western metropolitan area.

ins art fnuarri all rhrM At' 1 Ubor frntporttion atomic power business and has brought America world leader very often they do not have the, resources within their own organizations the talent and thoj tools to meet the challenge of constantly chanmne tech Wc anticipate that the capital these needed betterment in railroad climate. A number of ship in it. improvement program and the new routes which hav: been es merger proposals are now be nology and the development of tablished will continue to at UlilitiM Estimated industry sales of $2 billion this year, a 5 percent increase over 1961, are expected to increase only slightly in 1963. Therefore, to improve profitabil tract new riders to our system ivailiblt labor pool ol 1. ISO.

000 worktrt. Biltimor and Ohio. Ptnniylvanii and Raiding, railroad: DtUwar Rivar ofiara nation'! leading port in foraign import and txport ton-naga; Intarnational Airport; modarn high, waya. unlimited powar and mined ga available (rem Philade'phia Electric Company; high quality lake weter from municipal and private com-pantea; excessive demanda (or industrial use available from the Delaware River; nation's aecond largest oil refining canter. 3200 acree potential industrial land: 34 existing lactone available; 1 industrial park, center of nationa' leading consumer's market of 23.S6o.000 persons within 100 miles.

Of the many banking institution 3 have asset ia fore the Interstate Commerce Commission; a presidential commission has recommended elimination of some of the rules; and indications are that Congress will again be asked ity, the industry must place honor might well go to James Miller Symes. The genial Symes. now 65. rose to the chairmanship of the Pennsylvania Railroad, Nation's largest, and generally is credited with engineering a proposed merger with the New York Central. The unification plan, announced Jan.

12, is deep in hearings before the Interstate Commerce Commission. If It goes through, Symes is expected to head the combined operation, at least for a while, even though he is past the normal retirement age. A railroader in the old tradition, Symes is a product of "the school of hard knocks." He skipped a chance to go to college to begin his railroad career hile still, in his teens. "The four years I spent under those tough old railroad tnen did me more good than if I had spent four years in college," he said recently. In those days.

Symes was a baseball player of local repute, and was welcomed on a Pennsy semi-pro nine. He has built up a repu- during the coming year. Water Concern even greater emphasis on the litl mtrkat JAMES M. SYMES introduction of new products and services and more efficient manufacturing techniques. RESUMPTION OF GROWTH by the President to modernize at least some of the restrictive legislation that keeps the railroads from doing the job they should for the Nation and the economy.

Expects Gains In general, the economic out look for 1963 indicates a hesi Productive as these necessary tation in the early months rath By JAMES M. BALLENGEE President, Philadelphia Suburban Water Co. excess of I billion dollars each. education ever 58.000 students attending 17 institution of higher learning, including 4000 1 8, and 3000 advanced degree candidates in the field of engineering, presently ttudying in the area. DELAWARE COUNTY CHAMBER OF COMMERCE INDUSTRIAL DEVELOPMENT DIVISION DeWitt C.

Clamant, Dirtctor 406 Welsh Street, Chester, Penna. Telephone: TRemonf 6-4131 changes can and will eventually be, they cannot be expected to come fast enough to improve next year's outlook for the in er than the slight decline previously expected and then a resumption of modest growth at new products ana market patterns. These firms cannot continue to fcoitalone. They must eventually follow the path of consolidation through merger, acquisition or other forms of ex-pansfpn and reorganization. Th Jerrold Corp.

is an example of a group of individual companion which took giant steps as postwar babies but have now consolidated to meet the challenge of the sixties. In Jhe fiscal year ending in February, 1963, I expect an increase of approximately 50 percent in sales and earnings over last Jear's sales of $18 million and -earnings of 30 cents a share Th Jerrold Corp. now con-aistsof five interrelated elec tronic companies: Jerrold Electronic Philadelphia; HarnSan Kardon, Plainview, N. Technical Appliance Corporation, Sherburne, N. Filot-snd Analab.

Although some signs point to slight lessening of housing dustry. It would, however, be rates slightly lower than those experienced in 1962. tation as an effective pleader for railroad causes with members of Con- gress. From his start in a i Pennsy trainmaster's of- fice, Symes moved up the executive ladder rapidly. He became president in 1954, and chairman five years later.

His dream is of the day when the Nation's 100- plus major railroads will shake down into a system of 10 to 12 competitively i balanced regional lines. starts during 1963, the Philadcl For Wrstinchou.se. sales binea phia Suburban i the great upward lift they can eventually give the Nation's rail industry, industry generally and the whole economy. in 1962 are expected to increase Water Co. ex 3 percent over 1961 and to about pects a con- equal sales of $1,955,731,000 in r.

i nuation of 1960, the second highest sales vear Westinchouse sales billed the moderate. hut nnnetant 1 in 1963 are expected to exceed growth which has character the orevious record sales ot $2,009,044,000 in 1957. A corre sponding Increase Is looked for in new orders. AJ ized its operations ring the last few years. ably the most sig- a nuicaiu.

yei JMBALLtNGEE ro 1- Reading Executive Hails Improvements By E. PAUL GANGEWERE President, Reading Co. lable, factor affecting water consumption is weather. De spite this summer's high de mand for water, no restrictions on usage were imposed on our customers and our water sales Improvements in service and equipment characterized ON YEARLY Contracts with Driven Reading operations in 1962, despite a disappointing level of TRUCKS TRACTORS and TRAILERS showed above average increases tramc. train operations were revised during the year to pro During 1963 our company will continue to expand and viae snippers witn Detter serv will acquire and lease to the ice and to make possible bet strengthen its plants and facili Reading for a 25-year period ter utilization of equipment.

ties through capital expendi 17 new, Budd-built, air-condi Most of our "extra freight tures of approximately $4,000, trains have now been replaced 000. We also will take another significant step forward in our by scheduled "symbol" freight. tioned, electric multiple unit cars. The cars will be added to our electric car fleet to handle increased demands resulting program of automation, which During the year, we acquired approximately $12,000,000 worth has already improved service of new equipment. This in to our customers.

from the public support pro eluded 20 new, high-horsepower fir' grams under the Passenger Serv freight i 1 locomotives, HACK TRANSPORTATION CO. 4300-32 TORRESDALE AVENUE PHILADELPHIA. PA. ROBERT E. MACK.

PRESIDENT ice Improvement Corp. and the which have made possible fast a stern Pennsylvania er freight schedules with heavy Vending Firm Looks to Gains NEW YORK. Jan. 6 (AP. Transportation Compact.

Approximately $2,000,000 is tonnage trains. NEW HOPPER CARS scheduled to be spent in 1963 road improvements. We will Exports of American vending We also put into service 400 new 85-ton, high-capacity hopper continue our program of remote machine equipment will ap proach $10 million in 1963, pre cars. In addition, we have ac controlling of interlockings and installation of automatic cross diets president Walter Bechhofer acquired for passenger service ing protection at locations for of Dynamic Vending Corp. That would represent a rise of merly protected by manual in under a 15-year lease with the Passenger Service Improvement 12 new, air-condi stallations.

Inert car retarders about 25 percent from 1962. tioned, self-propelled RDC pas which will automatically control movement of cars and result in Bechhofer said that Western European nations will continue to be the best foreign markets senger cars, plus one additional substantial savings in classifi RDC from another railroad. Under an agreement with the for this equipment but added that cation of trains, will be installed at Rutherford Yard. City of Philadelphia, the city far eastern and other markets have begun to assume increasing It is planned to install in 1963 new power units in certain die I i sel locomotives, as required by caution I -ft--: I 4 Changes Listed operations. These upgraded lo comotives will supplement our importance.

Lumber Output Slips Slightly NEW YORK, Jan. 6 (AP). 20 new general purpose locomo tives acquired during 1962. By Progress Co. EFFICIENCY STRESSED Lumber production slipped slight Anticipating for 1963 another ly but consumption rose during year of reduced business activ 1962, says American Forest ity in our territory, with attendant depressed traffic volume, By MAURICE M.

ROSEN President, Progress Manufacturing Co. The year 1962 has been one 4f JAeWjf 'WOj(aeaW Product Industries, Inc. The trade group set 1963 pro the Reading will continue to duotion at 31.5 billion board feet seek increased efficiency of op of transition for the Progress against 31.8 billion last year. erations. Manufacturing Co.

During this Consumption, meanwhile, rose Results of Reading Railroad 1.6 percent to 37.4 billion board year we have made many important de operations in 1962 have been disappointing. Although Read- feet. zz earned a modest pruLl in cisions aitect- inrt rr i rt tr run ini as if rein to to the first quarter, compared with a deficit of $4,700,000 for the same period in 1961, a sharp and continuing decline in traffic In the Suburbs Behind every newcomer on the skyline of the western suburbs of Philadelphia is an adequate supply of Pure Springfield Water. These additions business, commercial and industrial structures, homes and apartment buildings have provided thousands of jobs and increased prosperity for all. The Philadelphia Suburban Water Company is proud of the important role it plays in very best Jf I the futur this Z.

Jh course of IN TEMPORARY OFFICE HELP wiped out the gains and left the W- It company. Be- yTv I I cause we ha ve nized I that the basic Hof Roller Reveals Secrets feadioBdive rollers, like our artist depicts here, are used py SKF Industries, to study the secrets of wear In tjall and roller bearings. Advanced research like this continually adds knowledge enabling SKF to produce finer, longer lasting bearings. Motion Engineering research enables SKF craftsmen, fngineers, and managers to help U. S.

defense and spaca efforts with spaceaga bearing precision and quality. Your food mixer, power mower, and automobile also run tetter, operate longer, and cost less because quality-Conscious Thiladelphians make bearings for SKF Industriesone of America's leading producers of a full line of bearings. nglh of Progress Man ufacturing Co. m. m.

hosen js its dominant this progress. and eminent position in the resi dential lighting fixture industry, mi if we have divested of three separate product lines during this year and have put greater and stronger emphasis in the lighting field. company with a deficit in uie second, third and fourth quarters and for the year as a whole. It is estimated that net loss for 1962 will be approximately $4,700,000, compared with a net loss of $6,257,113 in 1961. The relative improvement In our position, notwithstanding of increased wages granted as a result of national labor settlements, has been achieved primarily in handling with Increased efficiency the modest additional tonnage obtained during the year.

Offer' Extended CHICAGO, Jan. 6 Hotels Corp. has extended to Jan. 27 its offer to buy back up to 300,000 shares of its common stock at an average of $28.50 a share. In reviewing the forecast for SPRINGFIELD the housing industry for 1963, it indicates a year as good as 1962 and probably a little better.

CALL FOR II The Girl in the White Gloves" There appears to be a plenti IOUSI PHILADELPHIA SUBURBAN WATER COMPANY ful supply of mortgage money, and favorable interest rates, together with broadened FHA MANPOWER INC. Tvf im.TiNoi.oFnciwomii Aivnnetd bull and roHnr bmrtng frhnolngv QCSiF INDUSTRIES, PHILADELPHIA 32, PA. loan insurance programs under the 1961 Housing bill. jtiaw, essiiasa.