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21 THE OSHAWA TIMs, Wednesday, March 7, 1962 Business Boom Loss Of Thrust Seen Possible NEW YORK (AP) -- Has'the U.S. business boom lost its thrust before it really got off the ground? A number of key statistics, taken by themselves, would seem to show it has. Or has it spluttered a bit, as it did last September, prior to firing its next stage and going on to new heights? Certain other statistics, taken by themselves, would tend to show that the signals are still go-go-go. Some January statistics, and indications of the February ones, made dismal enough read- ing. Fearing the business re- covery was already faltering, some economists cited slipbacks in industrial production, per- sonal income, average factory work weeks, retail sales, new housing starts, business failures. On the pleasant side, however, were employment gains, rise in new orders for durable goods, continuing strength in instal- ment credit and manufacturers' inventories. Also cited were the big ad- vances of auto sales over fig- ures a year ago and steel pro- duction well ahead of a year ego -- and, in fact, the near- record level still maintained by those economic measurements that slipped below their Decem- ber highs. INDEX SLIPS BACK Here are some of the econo- mic setbacks that make some observers fear the recovery may be petering out: Industrial output -- The fed- eral reserve board's index slip- ped back to'the November level of 114 per cent of the 1957 average from the record 115 set in December. Falling were auto assembles, industrial machin- ery, building materials. Higher were iron and steel output, farm equipment. Many insist that bad weather| played a major role in keeping workers at home, snarling trans- portation of supplies and fin- {shed goods. Others scent the first evidence that demand has levelled off. Factory work weeks -- The average dropped to 40 hours in January from 40.4 in December and 40.6 in November. Personal income -- At an an- nual rate in January of $430,000,000,000, off $1,500,000,- 000 from December, but still 6.5 per cent higher than a year earlier. The slipback after a Jong rise was disturbing. Retail sales--Put at $18,700,- 000,000 in January, they were down from $18,900,000,000_ in December and $19,100,000,000 in November. Housing starts--January was the third month In a row there was a decline. We may have to wait for good weather to be sure what the housing trend is. Business failures--13 per cent) higher in January than in De- cember. ON OPTIMITIC SIDE Jobs -- Total employment In} January was high for the sea-| gon and the rate of unemploy-| ment fell below six per cent of] the labor force for the first time} in months. Spending -- Consumers het laying out as many dollars as ever and taking on a little more instalment debt. Much of the money goes for services and soft goods, but some big- items such as autos are getting more) now. | New orders--Makers of dur- able goods report a rise in new orders and the biggest backlog in two years Steel--Orders and output have risen sharply. Production so far this year totals 19,000,000 tons, compared with 11,900,000 tons a ood ago. The big question is ow much of the ordering is hedging against a possible; strike this summer. People Can't See Mitzi For Figure HOLLYWOOD (AP)--Maybe,| Mitzi Gaynor laments, she could} make it as a serious actress if she could keep her clothes on. "Every movie I've ever been in," says the superbly-shaped dancer, "I've had to undress. "I don't mind. I'm a dancer and to me tights are what white tie and tails are to Fred Astaire, but it's hard to get recognition in tights or leotards." She means recognition as a serious actress. | An exceptional figure, believe! it or not, can be a drawback in| Hollywood, Sophia Loren had to} return to Italy, eat spaghetti and wear a tattered, ill-fitting) dress in Two Women to win ree ognition as an actress. | Result, the onetime Italian) sexpot recently. received the New York film critics award for the best dramatic perform- ance of the year. | "Had she exposed her famous figure in the movie," says Mitzi, | "her considerable dramatic tal- ents would have gone un- noticed." s In such movies as South Pa- cific and The Joker is Wild Mitzi has displayed dramatic talent but she is best remem- bered for displaying her curves Mitzi has one consolation: In the last year, she as be- come what Benny Goffstein of Las Vegas' Riviera Hotel calls "the only box-office nightclub | personality developed in the last) | 10 years." = HELD OVER B Enjoy another week of YOUR FRIENDLY POWER MANAGERS NATE MINARD POWER Grocery Manager at 500 Rossland Rood DAVE ARMSTRONG POWER Meat Manager et 500 Rossland Read HOWARD GIBSON POWER Produce Monoger ot 500 Ressland Reed PAUL BAKER POWER Grocery Manager et 564 King Street E. 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