Forest Park Review from Forest Park, Illinois on January 27, 1971 · Page 18
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Forest Park Review from Forest Park, Illinois · Page 18

Forest Park, Illinois
Issue Date:
Wednesday, January 27, 1971
Page 18
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FOREST PARK REVIEW, WEDNESDAY, JANUARYS?, 1971, PAGE 18 Sharp Rises Are Projected For Consumer Spending Baltimore—(HK)—Consumer spending will rise 11.1 percent in the first half of 1971 over the first six months of this year. That projection was made by Consumer Buying Prospects, a quarterly report published by Commercial Credit Company, and based on a Census Bureau survey of 15,000 households across (he country. Consumer Buying Prospects forecasts a 21.4 percent increase in spending for single-family houses, a 17 percent rise for new automobiles, and a 4 percent increase for major household durables. "The general effect of these (inures Is to confirm observations (hat the economic downturn can be recognized as checked, and an upturn Is in the making," writes Profewor Raymond J. Saulnicr In the Commercial Credit Company report. CERTAIN BUMPINESS Or. Saulnicr, professor of economics, Barnard College, Columbia University, and former chairman of the --President's Council of Economic Advisers. .says that although the underlying trend of the economy is up.''the adjustments made necessary by the interruption of automobile production at General Motors Corporation "will inevitably produce a certain burnpiness in the 1971 record of business activity." The settlement of the labor contract dispute will also add uncertainty to the economic outlook, according to Dr. Saulnicr. "It is not easy to see how a labor cost increase reported to be 13 percent in the first year of the contract, and to average 10 percent over its full three- year life, can fail but to lead to a succession of increases," he writes. Consumer Outlay* Will Reach $119.1 Billion ' "Because this Is almost certain to become a pace-setting settlement, it presents as a possibility an acceleration of Inflation. "All in all, wage settlements of this character are bad news for everyone concerned — consumer, shareowncr, and worker, lo say nothing of the policymaker," writes Dr. Saulnier. The Commercial Credit Com- pany report projects that total consumer outlays will reach the rate of $119.1 billion in the second quarter of 1971. Spending for new single-family nouses is predicted to increase to the rate of $20.7 billion, and consumer durables to $98.4 billion. 10 MILLION AUTOS On the subject of automobile purchases, Dr. Saulnier writes: "What we see is a prospect of sales in the first half of 1971 proceeding at a rate averaging about 9.8 million cars per year. All things considered, it seems reasonable now to project auto sales for .1971 of close to 10 million, including imports." In homebuilding, Dr. Saulnier feels construction starts should be close to (he 1,650,000 level by the second quarter of 1971. "This improvement in new single-family housing sales is a reflection of the improved inflow of funds to thrift institutions," he writes, "which was especially remarkable in October, as well as to more numerous and apparently more determined buying intentions of prospective householders." LEGAL NOTICE FOR FILING OF NOMINATING PETITIONS FOR SCHOOL DISTRICT NO. 91, COOK COUNTY, ILLINOIS. NOTICE IS HEREBY GIVEN that all nominating petitions for membership to the Board of Education of School District No. 91, Cook County, Illinois, for the election to be held in sal.d School District on April 10, 1971, shall be filed with the Secretary of the Board of Education, School District No. 91, at the District Office, 939 Beloit Avenue, Forest Park, Illinois. The first day for filing nominating petitions is February 24, 1971 and the last day for filing same is March 19, 1971. Candidates will be provided with petition forms and statements of candidacy. Such petitions will be received within the hours of 8:30 a.m. and 4:00 p.m. on and during the dates aforesaid, Saturdays and Sundays excepted. By order of the Board of Education Dated this 14th day of January, 1971. BETTY REICR Secretary of the Board of Education School District No. 91, Cook County Illinois "I just haven't the heart to Icll 'em the routes hcen changed." The broiler that .. cleans up after itself is electric. Steak splattering, burnt grease- anything that gunks up a broiler—disappear when you turn an electric self-cleaning oven to "clean." With the other kind, you may have to clean the broiler by hand. Ugh. Another thing. An electric self- cleaning oven does the job without leating up your kitchen, because it's insulated on all six sides. And you don't need'venting because there's no (liimc. Simple decision, right.' Commonwealth Edison concern lor your total environment •(.'. 10.Co. How to Choose Quality Cassettes With some 80 million blank cassette's reaching the market yearly, what should the wise shopper look for when he wants good quality performance? "Price is an indication," reports J. C. Nelson, director of marketing for Data Packaging Corporation, "but it is not an infallible guide to quality." The moving parts of the cassette are as important as the tape in ..determining the quality of the performance, according to Mr. Nelson, whose firm produces cassettes, cartridges and component parts for the computer and music industries. First, Nelson suggests, assure yourself that the cassette carries quality tape. A shiny appearance implies that the tape has been calendered to ensure top performance. Equally critical are the moving parts, the tolerances of the housing, the guidance system and the amount of internal friction. Most cassettes of. this construction carry a warranty or guarantee. If you are doubtful about the cassette offered, ask your dealer for his recommendation. Cut Road Deaths, Secy. Volpe Urges Transportation Secretary John A. Volpe writes in the January issue of Night Driving Safety Ncirs, published by Potters Industries, Inc., 'that the annual total of highway fatalities can be reduced to 10,000 or less by 1980. Hopefully, a start was made in 1970 when traffic fatalities dropped to 54,900 or 1,100 fewer than in 1969. "In this decade Americans will roll up a total of more than 10 trillion miles of highway travel... if we just keep the fatality rate at 50,000 a year we'll lose half a million people between now and 1980, too many of them very young . ... no nation can long support that degree of extravagance," he said. Mr. Volpe noted several new developments, such as safety cars designed so that riders can walk away uninjured from crashes in autos traveling up to 50 miles per hour: passive restraints, air bags, self-fastening belts, or crash-deployed nets or blankets, and the isolating of problem drinkers. He concluded that public agencies can do just so much, but "we'll get better results— faster—if the public becomes concerned."

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