1668-7 Economics, Development, & Real Estate 1943-1993 •
� Another
•• � To4. ' .� .
. . ' By JA%I RUSSELL •• ^ --
71e.ratil IS se COW
W/ r
JIts
1959•tees`the year-that:'.' .
JET PLANES began flying in and out of Miami by, the .. "^� .,;
•
., ' dozens.
# * * -
GREATER. MI-•1MI launched a big bid'for new.In- •
dustry: I - •
# #. t. '. ':. `_ '?,may•. c '. -HtnIQ stall Photo by John Wiitt
"THOUSANDS of,�people bought Florida lots for 510 • Sion .•of.. Progress . without creating unsightly mannfactui
down,• f+10 a month. • Ing districts. The.plaft, operated by In
"U.S.-MADE cnm act cars appeared• Attractite manufacturing plants like this ternatinnal's Single Service Division,wa
p on'Miami streets International Paper Co,. milk .container opened last ApriC''•About 35 peopits. ar
in Increasing-numbers. - . factory' on State•Road 9 have .helped employed in the.40,000•sgtare-foot facll
* * * boost Greater'Miami's(industrial payroll '_.-ity.:• -
• .SAVINGS and loan associatihns raised theifo =-- -- -- _.._�..__—
.
t dividend rates to 4 percent_and caused a•big-sbift,in the , -_- •
�_ . .
..money supply here. ^
. ..- - isii # # C l`�e`v Dad• e:
....
LOCAi, RANKS hent to the I '1: M. . Jndustr
J _
• 4 "instant-money":business in s-b 1 g _ _ _ --_--_ __
Way with a varlets of check credit Tob High
7 i11
plans. 111 11
Due -to- .Epandx�� _..
`CASH CARDS (10 per ce-iinff 1 .••
•
. .. .. . ... ., :.1 orecastfor payulg.,money) began 'circulat-
a• K ,�, Ing -. * *- * - •--�{- 6 ---- -_Manufacturing In Greater Miami will.expand by
- about 220 plants in 1960, the Dade County Develop-
' - - •. THE STOCK MARKET became Ne;� manufacturing .plants ; ment Department estimates.
.+ a-bigger attraction than' the r a c e and the growing army of gov- "Numerically,.this forecast exceeds the expan-
track. ernment employes- will' het Sion of any other year save record-smash111g 1957
;r # # * 1 p p• - during which 270 new plants were introduced here,"
Russell TRAINS began running to•and boost •Dade Criu -'a labor the department saldt .
.,qa.- •`••• force -to new
from Miami with 1sta-dime cars.. 7 highs in 1960. Despite the tight money situation that has re-
* * * • • !"'�' ':.Gazing into atricted construction, county.officials said "local
" THEE-TREND toward.more hotels on Florida's Gold their .•cyrstal- and Job n
Coast slackened. ''• ` ball, •forecast- prosperity opportunities will generate edit-
• '� cent building demand to sustain high.eonitructlon
1 era at the Ffor-
* * activity."..
BISCAYNE Boulevard'-hotels spruced+-up for,•a hot Ida stale Fm-;
• competitive battle; ..h. ft yment Sm•- _ . •The development department said tourists are
* * . ice office here': expected to number a "record-hi-eaking 4.872,000 In
• of io number 2 Lite four-county Gold Ursa of South Florida in 1960.•'
- • NATURAL-OAS lame In through a l,b -m1 e p pe- of jolihnlders
line from.Texas• i rising• f,rnm V Officials said the only ealc-link-ttt-the,
•i: *:: .* * • O'y!FARA 300.000_at- --C.olttrl. r 1?6 c outlook is agriculture.
A-MIAMI-alun'dnum-products'firm made-a million-:end-of 1I59-tn=a peak of 3t4 ---- - "record-hrcaking__rains. followed by critically
' i� 'and a half dollar•error in-Its Inventories. • -• 500 in 196n: --1 clear and hot weather, caused serinusidamage to the
* * . * . county's leading crops:potatoes tomatnes•andIheans.'
• MONEY became tight and home-building and con- Raering.are..i n or .ome they said,,
—
structinn slowed. - other unlooked-for ,econnm- r - -
.k- *- ' * it revrne•'Dade's work.force, "1l pile a 50-million-dollar crop return might he
• SCORES of South Florida firms turned to public "ahoulrt hit 421,500 .by 19rs,'. • thought of as'average,' it Is hard to ace how the re-
.FCES Manager D'A r c y turns of/the 1959-60 season can exceed.28 million
stock sales for ne'w.funds. -, I O'Meara says,. J• dollars."
• • MIAMI-manufacturers lost-a-nice little foreign-mar- 1 The broadest. gains tt ill be In other predictions, the developm__,er t_depart-
ket-Cuba. . . . ;scored by manufacturing and ment said wholesale. retail and service trades "will
* * * government employes. They benefit from general prosperity,"sending retail gales'
• - THE TEAMSTERS Union invested`heavily In a 51'i- will widen their" share•of the to an all-time peak of more than$1.6 billion.. •
emi�ank. - * + I labor market td 15.4 and 13.1 • And employment,-officials said, should set an
i per cent, respectively, by�tlii5 all-time record high.to 1960, "barring inclement
HOME-REPAIR--eerwioes sprang up, offering'.one steamer -the agency says. •
• phone number to 11k anything. -•
* * *-• •Afore modest. gains will be x^•ra+;cr-fr'N . -
ON-TIiE•AUFF buying grew and grew. made by workers in the con- e
* • * * ,I atruction. transportation, corn-1 •_Deluged With Details?
• - municatinns. public utilities,
-- service odes,
\ . 'estate, and --= r _ • e.
NEWAN.sources for small business sprouted. trade, finance,• insurance. real
CIOSED•CIRCUIT TV watched customers in.banks FSF:S,predieis• j i •,Try -an Electronic Brain.
and department stores. .• ,' • - , ✓
c f' * # # i From 1032 to 193R. the con. • .. _ .•
atrnrtlon indust n• led all nth AilxxF:%POI IS -it'Pil -' management's moat critic.
COJiP[•TIPIO\: got tougher in some big business , era In this arra with r gtnwlh The torrent of paper .Work Problems today,"he IndicattA
• e.. ' fields, like banking, groceries, arid air transportation. of 93 per cent. The num her
1 engulfing business o(fice't`maY rmice estimated that
* --*. -*.. of finance. insurance and real diminish in 1960 with the help
estate. employes rose AS per many as 2,000 pikes of pap.
• •• cent in that period while gm, new ,"second generation"'
`- Xn .1960 the a thins ut11 probably g are.involved !p 1 e•records
. .._ _.s_ .--... __ - -__. y ,ernment porkers Increased by ,data processing systems. i
,an a terage_kompatiy empl9Y
happen: _ • • 8I.2 per cent. I W a1tcF-1R'. Finke, president He pointed but that about or
SOUTH FLORIDA'S tourist season will he one of• 'fighter credit and a. small •of the datamatie division of,mut of every .six persons 'en
the besi:ever. er market for new homes in Minneapolis - Honeywell Regu- pinyeA In'America Is an offk
{ * "' 1960 is expected to slow the latnr Co., said the new "elec=;worker compared with one 1
• _ .. .,.•-c• ,BUSINESS in general will be excellent. oftcon.tructionofhworkers,In then°tuber tronl- •brains� becoming avail'110 a generation ago and abet.
-. * *. . * • able during the year will:one in 40 in 1900.
n
INCOME willgo • •_trade, .service: transports- operate at higher speeds, be
p• tion, communications and pub. more economical to use; more Autofnatlon 'of 'the oc.
* * * lic utility workers will also lose „ ffiwhile mjking progress In re
versatile and efficient and Jn'
_YOU will spend more. . - • i a share of the labor market some instances, more compact. cent years, has lagged badl.
# # * - to tht'1astergrowing menu-:• -when- compared with --auto
PRICES will be higher,but not much. facturine a n d government, "The handling of vast plies t mation in ,the manufacrini
- • * * * .. fields,FSES believes. - -1 of paper work is one of :plant,'.Finktu
e said.
TIGHT money will'show some signs of easing. -
* * *
THE.STOCK market will keep rising. FREE Gift for
. . •
-- TAXIS willbe'higher..your social security tax 1's
going 9p today. �-- WITH EACH
* . * * $ 100
• aMORE electronics-firms µill move Into Greater Mi ACCOUNT OF OR MORE
mi. .
* ' '* it
• • a .. • TIIE,SiiORTER work week will draw closer. •
* .* * '' ,lci7�
•
. AUTOMATION will playa bigger 'role In business t,4..� :•
and industry, but the man wl still be needed to keep r t` r-.,•.e4
' it in check. �. • it ' lai.
MORE JOBS will be a''ailable, with executives lh•1,... • , Il p.9OMPOUNDID,. •• ;-':s, r�•
I