The Atlanta Constitution from Atlanta, Georgia • 28

v- U.S;.ShbuldStihpihLintr Campbell Says to Ginners January Retail Sales Increase $1 Billion Dtw Junii Nw atrvta. WASHINGTON, Feb. 12-January retail sales topped the year-earlier level by a billion dollars, the Commerce Department reported. However, last month's 900,000,000 total dropped seasonally from December's the agency added. After taking seasonal fac- tors into account, the department said, January retail sales showed no change from December but were 5 per cent above a year earlier.

TIIK ATLANTA fcONsIliirriON GEORGIA BUSINESS Politics Tagged Key to Economy By JIM MONTGOMERY "Politics has replaced the economic law of supply and demand. 'The stock market will tend to fluctuate around the level it is falling to until this fall, when it will start rallying in time to be near the top for the 1958 election campaign. "I think the honest statements of Treasury Secretary Humphrey and former President Hoover contributed to the (Monday) market decline." These and some other choice comments were aired in an Atlanta hotel suite Tuesday by Capt. Eddie nickenbacker. who both literally and figuratively has earned recognition as a "rug- LI wm j-k, -at TTfc "r1 Page 28 Wednesday, February 13, 1957 STRICTLY BUSINESS piiniiuniwi ged individualist.

ine Air man umn, miutm visitor to this key city in his firm's operations, 6 Railroads Seek 40 Pet. Fare Boost also offered a new peek into the airline industry's crystal ball Hoping not to dilute his remarkable record over the years as an aviation prophet "they used to call me crazy" the captain viewed these possibilities for the commercial jet age: By BOB WILLIMOX Georgia Agriculture Commissioner Phil Campbell proposed" here Tuesday that the federal government establish and maintain a year'i supply of reserve cotton to guard against possible shortages "in case of war." A second proposal offered by a top-ranking business executive would offer farmers special off-peak electric power rates for irrigation. Campbell, In an address before about 200 of some 500 cotton ginners attending the Southeastern Ginners' Council's two-day 1957 meet, said, "It should be an announced policy of the government to keep a year's supply of cotton in reserve in case of war. IDEALLY SUITED "Cotton is ideally suited for indefinite storage," Campbell said. "It should be stockpiled against emergency shortages just as we stockpile planes and guns and other war materiel." Hush Comer, president of the 11-plant Avondale Mills, headquartered at Sylacauga, said he could "see no reason why power costs cannot be reduced to allow low-cost irrigation between 1 a.m.

and daylight and on weekends." It's "silly to see those streams flowing by" while many crops could be saved and increased without inconvenience to the public or loss to the power producers, Comer said. He suggested "special metering" as the means by which such service could be offered. I II 1. Air to-air refueling, Miaoung tne giani I VS 1 Penger ships to take off with a maximum pay I Xf LaAM in sturt nut with full tank, as is WASHINGTON, Feb. 12 W-The Interstate Commerce Commission today took under advisement an urgent plea by six Eastern railroads that they be allowed to jump their first class passenger fares 40 per cent over competing roads and see what happens.

Such an increase for Pullman and parlor car travel would also t-j ff zV Li 1 i I if wl 4 1 if I i top the airline rates between ma jor cities in the East. Railway labor and railway management collided head-on for the first time in a rate-making proceedingover the proposals, advanced as a "bold move" to wipe out multimillion dollar passenger if' service aeiicits which have oc- 'We appreciate your suggestions, Mervin, but not this one to reduce overhead by lowering the ceilings!" Commissioner Campbell-asked jcurred -m evcry year since VVodd what effect the governments es- yyar jj tablishment of a year's supply of reserve cotton would have on the "J08, "'Khsaw of he a1'" industry-said it would primarily iway Labor Executives Assn. told reflect a change in the ICC f'nal that the ment's attitude that "surplus traditionally leave rate-bad." He said the plan wouldn't makinK lo management but that tUff Photo Bill Wilton A TICKLISH MOVE Moving engineers Tuesday sweated out the task of skidding the 132-foot, 95-ton Ford assembly plant water tower from its old location to a new one 350 feet away intact. After being elevated by jacks to special skids, the tank was easd alon? double rails at the rate of six feet a minute by a steel-cable-equipped truck. The capacity steel tower was relocated to make room for plant expansion of 407,000 square feet.

People and tUvents; be a cureall of cotton problems, Present Proposals but it would "help" and would potentially affect labor. He said the higher rates may put first in cost the government nothing the long run." class rail passenger service on the Frank E. Black, trust officer of tor of the Georgia Tech School of SOIL BANK petitioning lines out of business. Robert Brooks of the New York Central retorted: "If the increase WALL ST. REPORTS Turning to the soil bank pro- the Citizens and Southern National Bank, will discuss economic trends at a meeting of the Food Manufacturers Sales Executive gram, the commissioner said the is not put that is exacty plan is "transferring problems; what-a gomg to happen." from one erouD of farmers to an- Alliinla Bank Clearings Total Tuesday $59,900,000 Corresponding day last year 53,500,000 Increase 6,400,000 at 7 p.m.

Friday at the other." Time and equipment for-! the railroads, club Civil Engineering, will discuss "Engineers The Men Who Spend Most of Your Money'1 at a meeting of the Newnan Kiwanis Club Tuesday. Iwis R. Slaton Jr. has been elected president of the nvly organized Marine Trade An. of Metropolitan Atlanta.

Other officers of the association, which has 17 local boat-merchandising firms merlv devoted to soil bank no1 De lUirc Henry Grady Hotel. and travel with i hpinir rlivprtpri in manv v. Kroger executives will be special j. freicht revenues, and asked: ttm Mmigomm now the case, simply costs more money. So EAL and others already are considering the feasibility of flying tankers but not before safety is.

assured. I. "Blind" take-off and landing In any weather, with American technology already starting to provide the necessary instruments which Eastern Is acquiring. When perfected, instruments to control landings and take-offs will increase safety by eliminating the possibility of human errors of judgment in visual flight. Of course, Rlckenbacker added, public acceptance will have to precede the use of either of these innovations especially instrument controls that will let airlines operate all flights as scheduled, no matter the weather.

He also pointed out that these changes probably won't become common before some maturing of commercial jet flying, which is still three to five years off. But no doubt Capt. Eddie fervently wishes total instrument leratlon was practical right now. "We've been hit with the worst weather (from Dec. 2(1 to the present i I've seen since I joined the company in 1933," he emphatically declared.

Airports all over Ihe nation have been "socked in" by fog that descends right to the ground. As a rpHult, admitted, Eastern in January suffered the heaviest bad-weather costs In Its entire history (the exact amount was taken off-the-record, but it's enough to curl your hair). Getting back to "politically controlled economics," the World War I flying ace allowed that such controls will prevent a recurrence of the 1929 But that doesn't dilute his belief America's inevitable economic progress would thrive to an even greater degree if the law of supply and demand hadn't been repealed. Rickenbacker and T. F.

Armstrong, president, are here with Kastern's other top officials and managers. Their two-day system-wide sales meeting will continue throughWednesday. About Cigarette Prices Keep your eye on retail cigarette prices. Atlanta tobacco retailers report persistent rumors of penny-a pack increase coming soon. But a leading wholesaler here says representatives of the two leading cigarette manufacturers R.

J. Reynolds and American Tobacco Co. deny any such possibility. And "since they are making good profits," he added, "I don't Ihink a price increase would be justified." Atlanta retail prices currently average about 25 cents a pack for regulars and 27 cents for king-size and filter tips. At the same time, though, the price structure has a wide range.

Meanwhile, it's almost a sure thing that If the big two makers of smokes resist a wholesale price boost (which would he passed on to consumers), it won't come at all. Liggett Myers tried last summer to lead the industry into a cenl-a-pack increase, which it retracted after three days of hopeless waiting for other cigarette makers to follow suit. A Lot More Revenue From Smokers Should the cigarette price inflation turn out to be more than a rumor, it would add more than $3. 200,000 a year to the cost of living of Georgia smokers. That's based on their state tax paid consumption of approximately 320,025,000 packs In 195, which the Tobacco Tax Council says amounted to more than eight million packs over 19M.

The State of Georgia, by the way, collected a tax nickel on each pack thus adding J16.001.250 to its coffers last year. A nationwide penny price Increase would add t.Vt,r,570 annually to the Income of cigarette manufacturers providing smokers wouldn't rebel by taking fewer puffs. U.S. Putting No Curb on Oil Prices Dow Jnn Ntwt Strvirft NEW YORK, Feb. 12 Oil price V.rcts Rill Collins, club nresi- 11 JUU II1 'II Irtl.M: IIH- and thus increasing thp problems' in that area, the official said.

ihow flre you evrr to know dent said. Campbell termed America's (passenger) traffic could: Atla, SpwlK win farm surpluses "our greatest made to Pay fnr i(. nt AUhama in nt n.11,1,.. k-J The railroad lawyers faced 39th oullct at 80 Alabama as charter members ana alms gaining tables. He added that it barrage of critical questions from! NW.

here Friday. RU D'rimarilv to "foater better under' New sales totaled only Large life insurance companies have less money available now than they had a year ago to fi would take a U.S. population oflne bench- Chapman will he manager of the Standing," are Mark Trammell, controls ill not be imposed by Congress despite critical probing by three committees into recent 19-state chain's new store. Atlas vice president; J. R.

Glass, secretary, and George Steffner, nance home building. There is general agreement to that among price boosts and the lagging oil- "close to 500 million" to "put any real pressure" on our agricultural capacities. Discussing "two very disturbing things the slipping away of Southeastern cotton acreages and I officers of major firms in the I business although some see signs the pinch may grow less severe later in the year. for-Europe program. Even the harshest critics of the oi! industry declare what they're really hoping for is that the glare of publicity ill keep pressure on the oil companies to step up crude Collect Dividends! LEASE cotton export sales," Campbell accused the federal government of "hypocrisy" in "reducing the Chrysler Corp.

has doubled the laboratory space it devotes to gas turbine and piston engine research, the company announced. It will also increase its total research slaff by 20 per cent. shipments to Europe. previously opened a Savannah outlet. Cushman Motor Works, will unveil its 1957-model motor scooter here Monday.

Gary S. Cutini of Atlanta will he keynote speaker for a scries of nine state business clinics scheduled by the Southeastern Florists Avm. The first clinic will he held at the Dinkier Plaza Monday in connection with the (eorgia FloriM 1937 convention. Addressing a convention fellowship luncheon will be Leo Aikman, Atlanta Constitution columnist. Prof.

Robert E. Stiemke, direc- the National Cotton Council; O. S. Garrison, president of the Georgia Cotton Ginners and VV. J.

Estes, president of the Southeastern Ginners Council, Inc. F. Marion Rhodes of Washington, D.C., director of the Commodity Stabilization Service's Cotton Division, will be principal speaker Wednesday prior to an afternoon adjournment. dinners from Georgia, Florida, Alabama and the Carolinas are attending the meet, which feature displays by Southeastern gin suppliers in the Biltmore's Exhibition Hall. cotton acreage allotments of farmers who do not use their full allowances.

"The government is thus penalizing the farmer for doing him (the government! a favor," Campbell said. He said some of the acreage taken from Southeastern cotton farmers is being Westinghoime Electric Corp. has slated capital expenditures of $75,000,000 in 1957, compared with. $50,000,000 in each of the two preceding years. This year's outlays AUSTIN'S Car will be aimed at improving exist Car-Rent Service For Greyhound To Open Friday Truck Rentals 119 P.

de Leon RE. TR. 2-3538 Greyhound Rent-a-Car, the Greyhound wholly transferred to western cotton-producing states such as Texas. NEW FEATI RE Comer, who spoke on "Cotton. Even Now Has Become a New Frontier," said that "one of the best influences on the industry was the introduction of competitive fibres." He added that cotton production and milling has be- ing plants rather than building new ones.

-John B. Stetson Co. is planning to offer brand shirts. David H. Harshaw, president, told the annual meeting.

He noted that before the turn of the year Stetson completed negotiations to acquire the Fuller Shirt Co. of Kingston, N.Y., and Chester, S.C. Continental Can Co. recorded sales of more than $1,000,000,000 in 195h' for a new record high and also noted record earnings owned subsidiary which plans a million operation in 50 cities, will open its Atlanta facilities Friday. Announcement of the opening at the Greyhound terminal building was made by Richard Fcncl, president of the firm, King, former Hertz I'-Drive-It manager for Chicago, will head the local outlet.

Some 77 new cars have been purchased from local dealers in 2 the last three days for the At- lanta branch, officials said. according to a preliminary re come a "highly scientific and industry and has no place for the old 'lint-head' or ifool. I "Watch out for cotton," Comer jsaid. "It's a dice-shooting natural. Don't sell it short." Also speaking at Tuesday sessions were Carlton H.

Power, pro-giam development supervisor of Mitchell Sees 92 Million at Work in 1982 ICiyniM t57 TlM Nl Vc TlMM CO NEW YORK. Feb. 12-A prediction that more than 92 million persons will be employed in the I'niterl States by 19S2 was made port by Gen. Lucius D. Clay, chairman.

Sales totaled $1,010,300,000 compared to $929,400,000 in 1955 and net income was $43,143,000 against $38,700,000 in 1955. Investors cashed in their savings bond holdings in swelling numbers last month and the Treasury promised action very soon probably this week in an effort to reverse the trend. Ci.sh-ins in January soared to their highest monthly level in nearly 11 years $517,000,000. New Phone System Aid to Sleepy Guests NEW YORK. Feb.

12 tfi-A new automatic telephone system for hotels may make it easier for guests to get up in the morning. Heart of the new plan being tested by Sheraton Corp. of America is an automatic dial system which bypasses the hotel switchboard entirely on local calls, keeps a cumulative tab on tolls, and presents an automatic bill at checkout time. One of its personalized hut fully automatic features is this: a guest, leaving a morning call, is awakened by a sweet feminine voice on a record, which breathes his name, tells him the time, the weather, and suggests a breakfast menu at the hotel restaurant. INSURED SAVINGS tonight by Secretary of Labor Mitchell.

He asserted also that gross national production 25 ears from Legal for Trust Funds via Till Every TIME shipment to California is TIME is the only motor carrier to offer you one-line service. TIME eliminates worry because you know from your TIME Schedule exactly when to ship, hen to order. Accounts $5 to $10,000 SAVE by Mail MEMBER FEDERAL HOME LOAN BANK SYSTEM FEDERAL SAVINCS LOAN INSURANCE CORPORATION CEdar 7-1511 AEC Offers To Sell Key As Your 0 EXECUTOR and TRUSTEE First National offers Prmonne Exprintt Economy of Operation Financial Responsibility Group Judgment Tho Man With a Plan for Eitott Planning TIME Service is direct now would reach a total of one 1i ill ion dollars a year. This rosy industrial future whs presented by Mitchell to 2.000 guests at the annual Lincoln Day dinner of Ihe Kings Country Republican Committee in the St. George Hotel.

He said it was based on the industrial expansion experienced by the nation during the past four years under the leadership of President Eisenhower. Mitchell's prediction of a bright economic future was made in the face of recent erratic stock market developments and statements bv some economists that a recession appears in the offing. iJe envisioned also a nation 25 ears hence "where each person is judged on his merits and there is no discrimination in employment on account of race, religion or color and where no child has to go to school on a split shift because of a shortage of classrooms." Pay as You Go Away SYDNEY, Feb. 12 lifV-Britons and Europeans soon can migrate to Australia on the installment plan. Custom Credit a big finance firm, offers these and it is Scheduled Atom Metal Dow Jent Ntwt Itrv.rt WASHINGTON.

Feb. 12 -The Atomic Energy Commission today offered to sell private industry increased amounts of a key metal for use in nuclear reactors. The metal is a variation of the 0 fDERAL SAVINGS element boron, called boron-10. i it "Jt! firstA rlvb It absorbs the sub-atomic parti-i cles which produce nuclear fis-j sion without itself becoming ra-i ATUNTA I dioactive as other metals do. Be MMJOA PEACHTREr POAD ATI A KIT A iNitai omciii tot in cause of this it is particularly suitable for use in controlling the ja'omic reaction for reactor (shielding and in radiation re-j ATLANTA TERMINAL: 1050 Jeffersen Street, N.

W. TRinity 2-5891 Icrms: Pay 25 per cent of the fare before leaving and the rest within to years. I asurement insfrumerfs. 4 A m.m jljl M. A.

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