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November 05, 1957 - Image 6

Resource type:
Michigan Daily, 1957-11-05

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ts Says Unemployment May Rise

Conference To Consider


'Growing Up in America'


Pp Guaranteed

y professor of eco-I
ay warned that un-
a the United States
by two million in
B. Suits of the eco-
mIent said, data de-
University Research
uantitative Econom-
employment totaling

In another speech to the con-
ference, Prof. John B. Lansing of
the University Survey Research
Center said consumer attitudes
have shifted toward increased
willingness to borrow. He indicated
this was especially true during the
early 1950's.
Moderate increases in total con-
sumer debt during the past year or
two probably reflect increase in
population and consumer income
rather than a further shift toward
willingness to go in debt, he re-
Tendency Not Unsound
Because most of those who are
going in debt are ones who can

safely afford it, such a tendency
is not as economically unsound as
it might seem at first glance, he
Prof. Lansing pointed out that
family incomes have risen spectac-
ularly in the past decade, 40 per
cent in stable dollars jumping for
the typical (median) family be-
of the typical family showed an
appreciable decline. These assets-
including checking accounts, sav-
ing bonds, and other items quickly
convertible to, cash-were about
$400 in the typical family in early
tween 1945 and 1956. He said the
trend is still up.
While income rose sharply, Prof.
Lansing noted, the liquid assets

fth annual
c Outlook,

line in GNP
ne in gross national
P) from $435.4 billion
$432.7 billion in 1958
ents the total value
s and services pro-
from 68 million to
n the number of em-
ed labor productivity;
Force Increases
ease from 70.4 to 70.8
e nation's work force,
continued shift from

Credit Buying Rise Noted
. - -

1946. Eleven years later, they were
only $360.
'Prices Moving Up'
On inflation, Prof. Lansing said
studies by SRC indicate consumers
"are aware prices are moving up
and expect them to go higher. Few
consumers, however, feel worse off
because of the increases."
The director of the McGraw-Hill
department of economics, Dexter
M. Keezer, told the conference in
another address that private capi-
tal formation during 1958 will de-
But he added that an increased
demand for this type of invest-
ment can be expected over the next
three to five years.
Investments Rise
He noted that investment in new
producing facilties will be about
10 per cent higher than it was in
1955. Investment for new plant
and equipment by electric utilities
will probably be higher in 1958
than it was this year.
Keezer forecast these changes
in the major components of capital
formation for 1958:
Business investment in new
plant and equipment down seven
per cent from 1957; homebuilding
up 10 per cent from this year's
level; changes in business inven-
tories down one billion dollars
compared to an increase of the
same amount this year; and all'
other capital formation, including
equipment expenditures by farm-
ers, professional persons, and in-
stitutions, up five-tenths billion
from last year.
He said there is good reason to
expect increased spending by busi-
ness for new plant and equipment
during the next three to five years.

"Growing Up in Modern Amer-
ica" will be the theme of the an-
nual Parent Education Institute to
be held tomorrow in Rackham
Topics for discussion are based
on discussion programs of parent
and family life education pub-
lished in the National Parent-
Teacher magazine. The program is
under the auspices of the Univer-
sity Extension Service and the
Michigan Congress of Parents and
Teachers (MCPT).
Education Class
The morning program at Rack-
ham Lecture Hall will begin with
a class in parent education, "This
My Very Own," led by Mrs. Belle
Murry, of the E-4tension Service, at
9:15 a.m. A talk by Prof. Walter
Sindlinger, of the education school,
Union Changes
Sunday Night
Films Policy
The Union yesterday announced
a change in its Sunday night foot-
ball film policy, according to Stew-
art Frank, '59BAd, head of the
Union house committee.
Because of difficulty in obtaining
the films, the Union will show the
films a week after the game instead
of the day after which had been
the previous policy. This week's
showing of Iowa game films had
to be canceled when the films did
not arrive from California where
they are processed.
According to Frank, films of the
Iowa game will be shown Sunday.

on "College-A Grade School Deci-
sion" will be given at 10:30 a.m.
Give Panel
The general assembly will fea-
ture a panel, "The Family Group
in Modern America," at 1:30 p.m.
at Rackham Lecture Hall. Mrs.
Charles W. Neldrett, president of
MCPT, will preside.
The following study groups will
be held in the afternoon: Pre-
school-"Home-Grown Character
Traits," elementary--"A Line on
Children's Problems," junior high
"Community Stresses and Strains"
and senior high-"The, New Teen
Following a dinner at the Con-
gregational Church, Prof. Edward
Stasheff, of the speech department,
will talk on "The Case of Children
vs. Television."

1319 S. University

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The Michigan Dai


ren per cent
.ce would be

st is based on a,22-
thematical model of
It has correctly fore-
ction of the economy
the past six years.
ures To Increase
said consumer ex-
ext year will increase
billion to $282.1. bil-
ly offsetting the de-
:nment spending and

Most of the increase in families
using installment buying 'credit
and those with over $500 of this
debt has been in middle and up-
per income brackets, according to
Prof. James Morgan, Survey Re-
search Center program director.
Prof. Morgan bases this state-
ment on a report published by the
Federal Reserve Board and based
on Survey Research studies, which'
also indicates that large increases
in the total amount of installment
debt would not significantly
change the number of families,
heavily burdened by debt of this
The average ratio of debt to in-
come of families using installment'
credit can remain stable or eveli
drop with the growth of this type
of credit, since many of those us-

ing installment credit for the first
time are high income families.
The proportion of families
whose incomes are under $4000
who use installment credit has
actually decreased, the Survey Re-
search data indicates. The num-
ber of families with more than
$500 installment debt has re-
mained proportionally the same
during the same 'interval. ,
However the report shoves that
families with more than $4000
annual income have stepped up
both their rate of participation
in installment buying and the
amount of such buying. The
greatest percentile increase in
number of families with install-
ment debt is among those with
more than, $10,000 annual income,
where the percentage changed
from 26 to 35.

pp" I
x 4
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*1 4 ** **
'71 4444

makes the
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More than an inch of soft padding




hued from Page 4)
as the second, scheduled
g Semester, will be open'
1 public without charge.

d:: The recital
organist, pre-
Wed., Nov. 6,'
rium,'has been

1: Linda Reck, pianist,
8:30 p.m. Wed., Nov. 6,
Assembly Hall, per-
in partial fulfillment
nts for the degree of
Miss Reck is a pupil
and her program will
ons by Bach, Schubert
to the general public.

acdemic Notices
of of Business Administration:-
ts from other Schools and Col-
atending to apply for admission
e spring semester should secure
tion forms, in Room 150, School
.ess Administration Building, as
,s possible. Students in the pre-
ss program in the College. of
sure, Science, and the Arts should
the forms from ,a prebusiness
and return the completed forms
.ematics Colloquium: Prof. C. J.
will speak on "Some Theorems'
ming the Boundary of a Riemann,
" on Tues., Nov. 5 ap 4:10 pm.
1 Angell Hall. Refreshments in
igell Hall at 3:45.
ations Research Seminar: Charles
gle, professor, The Johns Hop-
niversity, will lecture on "Organ-
of an Operations Research Pro-
n a Hospital" on Wed., Nov. 6.
hour in Room 243, West Engi-
at 3:30 p.m. and ,seminar at
,Room 229, West Engineering. All,
members are welcome. '
nar, Dept. of. Anatomy. Coffee
: served one-half hour before in
502, East Medical Building, Wed.,
11:00 a.m. Dr. Neal A. Goldsmith
mnent of Surgery: "The Surgical
ny Pertaining to Liver Resec-

The following foreign visitor will be
on the campus this week on the date
indicated. Program arrangements are
being made by the International Cen-
ter: Miss Ray.
Mr. Semih Ustun, Turkish Desk, Voice
of America, Turkey, Nov. 6-8.
Paceme t wNotices
Personnel Requests:
Harbor Island spa, Miami Beach,
Fla., is interested infinding a woman
with a degree in Dietetics.
Merck Sharp & Dohme International,
New York, New York, has openings for,
a Senior Chemical Engineer and a
Chemical Engineer, with experience and
a B.S. or with an advanced degree. The
company believes these positions would
be of particular interest to foreign stu-
dents because of the overseas nature
of operations.
J.It, Case Co., Racine, Wis., needs a
man with an Engineering degree and
an interest in Math., Statistics and
Mechanics for the position of Assistant
Chief Inspector, and a man with a de-
gree in Mech. or Ind. E. for the posi
tion of Assistant Manufacturing Super-
intendent. leading to the position of
Manufacturing Superintendent.
For further information contct the
Bureau of Appointments, 3528 Admin.
Ext. 3371.
Special Notice:
A few National Security Agency ap-
plications for the examination to be
given in December have been received
at the Bureau of Appointments and
are now available to students wishing
to take the Txam.
Personnel Interviews:
Representatives from the following
will be at the Bureau of Appointments:
Detroit Civil Service, Detroit, Mich-
igan. Graduates - February, June,
August. Location of Work:, Detroit.
Founded 1701. Employees, 25,000. Men
and women with B.A. or M.A. in So-
ciology, Science or Government for
Administrative Trainee - Technical
Aide, Social Economist or Government
Aetna Casualty & Surety Company,
Detroit, Michigan. Graduates - Febru-
ary, June. Location of work -- Detroit
and Michigan. The Aetna Casualty &
Surety Company is one of. the largest
in the insurance field. The company is

particularly noted for its excellent
training programs and for the career
opportunities which it affords Men
with B.A. in any field for Field Repre-
sentative Trainee. On-the-job training
in a branch office he desires and then
to the Home Office in Hartford for
training before location.
The Trane Company, LaCrosse, Wis-
consin. Graduates - February, June.
Location of Work: LaCrosse, Wis.;
Scranton, Pa.;. Toronto, Ontario, Can-
ada. Manufacturer of heating, ventila-
ting, air conditioning, refrigeration
and heat transfer equipment. 2600 em-
ployees.=Men with background in Phy-
sics or Mathematics, thru trigonome-
try, for Sales.
Fri., Nov. 8
Swift & Company, Chicago, Illinois.
Graduates, February only. Location of
work :General Office, Chicago, Illinois.
Most producing units in Midwest. 70,000

employees. Products or services - ice
cream, oils and shortenings, soaps &
detergents, meats & meat products,
dairy and poultry products, plant
foods, insecticides, animal feeds, adhe-
sives and technical by-product. Men
with B.A. in liberal arts for Ice Qream,
ales, Standards (Wage Incentives),
eef and Pork Administrative Trainees,
Meat Sales, Industrial Sales - Wool,
Purchasing. On-the-job training pro-
For further information contact the
Bureau of Appointments, 3528 Admin-
istration Bldg., or call extension 3371.
Literature is usually available on the
listed programs.,
Representatives from the following
will be at the Engrg. School:
Wed., Nov. 6
Becton, Dickinson & Company, Ruth-
erford, N.J. - B.S.E. and M.S.E. in

Elect. and Mech., B.S. in Engrg. Phy-
sics and M.S. in Instrumentation for
Summer and Regular Research, Pro-
duct Dev., Design and Process E.
Emerson Electric Mfg. Co., St. Louis,
Mo., - all levels Aero., B.S. and M.S.
in Elect. and Mech., B.S. in Civil for
Research, Development, Design, and
Wyman-Gordon, Eastern Div., Wor-
cester and Grafton, Mass. - all levels'
in Mech., and Metal. E., M.S. and PhD.
in Physics for Summer and Regular
Research, Development, Design Produc-
tion, Sales & Metal. Lab.
For further information contact the
Engrg. Placement Office, 347 W.E., ext.


South State
East Williams

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627 South Main


The Michigan Union Presents

The Keynote Speaker for International Week


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LiII 1I 1 11!IIT f fl 11 11

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