port of houston magazine 1980 page 1 to 18.pdf · houston, texas 77029 (713) 675-9101 3062 jetero...

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51st Consulate Opened Here (See Page 23) September, 1980 $10 Million In Port Bonds Sold (See Page27) Port of Houston Magazine Centerfold Extra A New Look At The Turning Basin (Save this)

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Page 1: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

51st ConsulateOpened Here

(See Page 23)

September, 1980

$10 Million InPort Bonds Sold

(See Page 27)

Port of Houston Magazine

Centerfold Extra

A New Look At The Turning Basin(Save this)

Page 2: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

McCarty Drive facility, Houston, Texas

Earning your business tomorrowby handling it right todayGulf Ports Crating Company’s comprehensive, multi-portexport facilities are strategically located for receiving, han-dling, packing and delivering your sea or air shipments.

Our completely computerized tracking facilities andexperienced personnel are dedicated to reliable service nomatter how small or large your shipment.

At Gulf Ports, we work hard every day to avoid delaysand inconveniences to you. Because we don’t just want yourbusiness today, we want it tomorrow too.

Gulf Portsi~Crating~ompany

Gulf Ports Crating Company Affiliates:

1225 McCarty DriveHouston, Texas 77029(713) 675-9101

3062 Jetero Blvd. WestHouston, Texas 77205(713) 821-2240

1717 TchoupitoulasNew Orleans, Louisiana 70151(504) 525-9936Building 2142, Door N-364th Avenue & 20th St. N.W.Miami, Florida 33166(305) 871-1141

Western Ports Crating Company2701 North Ontario StreetBurbank, California 91504(213) 848-5565

Ace Export Packing Company8810 South Garfield AvenueSouth Gate, California 90280(213) 774-5631

Page 3: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

®

ANOTHER FINEORGANIZATION IS:

Our many satisfied andloyal customers know ofour harbor tug service inHouston and other Texasports.

We can please YOUR shipowners,shipmasters, pilots, and agents. Giveus the opportunity.

We offer the safety, know-how,promptness and dependability youneed.

Wbe Medic ~lert systen-/of erqer~eDcyn~edical ideDtificatio D aDd iDforroatioDwas directly credited witl) savir/~ 2,000lives darir/~ a receQt 12 rOor/t b period.

Medic ~:Ilert--a r/oD-profit, charitableal~d tax exeropt or~ar/izatior/--providesa 2a-boar en~er~er/cy ir/forn-~atio~systerq for toe ode oat of five peoplewoo bare a bidder/ roedical coDditioD,socb as heart probleros , diabetes,epilepsy, allergies to peoicillir/add otherroedicatioD.

Ir/case the rqerqber is oQable to speakor con)n~aDicate doe to aQ accideQt orsOddeD illDess, tbe ei~blen) will alerten~er~er/cy persoDr/el a~d tri~~er thesysten) of protectioD.

MEDIG; ~lhEI~VF FOUND~I~FIONP.O. Box IOO9 ~Furlock, G;a. 05380

ITT TUGS are pleased to donate thisspace to tell others about something

besides our superior tug service

INTRACOASTAL TOWING& TRANSPORTATION CORP.

Houston ¯ Galveston ¯ Freeport ¯ Corpus Christi

September, 1980 3

Page 4: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

Our facilities on the Houston Ship Channel

Cut downtime with full topside repair,cleaning, and oil spill services!

We’ve got the experienced personnel to solve your problem any day, any time, in port or at sea

Gulf coast servicerepresentatives for:Diesel Propulsion

SULZERM.~lkoNBURMEISTER & WAIN

RefrigerationEMAILCARRIER TRANSlCOLD

CranesLIEBHERR

Full service: dockside,at sea, overseas.Foreign diesel repairsCentrifugal rebabbittingElectronic and automatedsystems repairsMotor and generatorrewindingBoiler repairs and steelworkCertified gear testingTank cleaning and oil spillrecovery

Complete facilities forany job.Machine and boilermakershops with largelathes, mills and pressesBearing shopElectrical and motorrewind shopLay berth with utilitiesCrane barge, tug, andworkboats

Full stock of portableequipment.GeneratorsCompressorsGangwaysPumpsWeldersBoom and winch trucksVacuum trucks

W/SINCE 1910

Marine Maintenance Industries RO, Box 5455 ̄ 8201 Cypress at Broadway, Houston, Texas 77012 ¯ (713) 928-5911 ¯ Telex 792 769 ̄ TWX 910 881 6225Galveston 1802 Mechanic, Galveston, Texas 77550 ¯ (713) 762-7785

Divisions: HARRISBURG MACHINE COMPANY ¯ CLEAN CHANNEL iNDUSTRIES

Industries17131 928-5911

Page 5: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

The Port of Houston Magazine

Port CommissionersAnd Staff

FENTRESS BRACEWELL, ChairmanW.D. HADEN, II, CommissionerMRS. MARC’ELLA D. PERRY, CommissionerJOHN H. GARRETT, CommissionerHOWARD J. MIDDLETON, Commissioner

RICHARD P. LEACH, Executive DirectorJ.R. CURTIS, Director of Port Operations

TED WALTERS, Asst. Director of Port OperationsW.D. DUNNAHOE, Manager of Port Operations,Turning BasinC.G. SEAMAN, Manager of Port Operations,Barbours Cut and Bayport TerminaLsW.E. GREER, Acting Manager, Grain ElevatorLESLIE J. SANDERFER, Manager, Bulk MaterialsHandling Plantm. MONROE BEAN, Manager, Storage Warehouses

m.J.M. VAN DE VEN, Maintenance SuperintendentLOUIS F. BROWN, JR., Manager, Marine, Fireand SafetyCLAUDE BARTH, Manager. Security

C.A. ROUSSER, JR., Director of Trade DevelopmentBASIl J. FINN, GeneraISales ManagerLEON UTTERBACK, Eastern Sales ManagerJACK WOJEWNIK, Asst. Eastern Sales ManagerROBERT PERROTTA, Midwestern Sales ManagerDAVID W. SIMPSON, Western Sales ManagerJOSE ARTURO CASTELLANOS, Sales RepresentativeTED SUMERLIN, Communications ManagerDON ZULLO, Assistant to CommunicationsManagerEDWARD L. HORN, Publle Relations Manager

NORMAN E. HUENI, Director of EngineeringTOM KORNEGAY, Chief Engineer

~’. WILLIAM COLBURN, DirectorofAdministrationLINDA REESE, ControllerALTON B. LANDRY, Personnel Manager andWorld Trade Building ManagerBETTY GARRETT, Manager of PurchasingALGENITA SCOTT DAVIS, Counsel

MICHAEL SCORCIO, Director of CommunityRelations

S.G. FULLERTON, County Auditor

EXECUTIVE OFFICES1519 Capitol Avenue, Houston, Texas 77002

P.O. Box 2562, Houston, Texas 77001Telephone: (713) 225-0671

TWX: 910-~81-5787

TERMINAL OFFICESTurning Basin: (713) 672-8221Barbours Cut: (713) 470-1800

NEW YORK OFFICE60 East 42nd. Street, New York 10165

Telephone: (212) 867-2780

Official PublicationPort of Houston

Authority

Volume 24 Number 9 September, 1980

IN THIS ISSUE

Local, State Economy Staying On Growth Track--Andthe" free fall" on the national scene is slowing, a localeconomist says. 17Four Tugs At Once?--Yep, that’s how many new boatsthe Bay-Houston Towing Company christenedrecently in a well-attended ceremony at Dock 4. 20Egypt Opens Consulate In Houston--A total of 51countries now have consular offices in the Bayou City. 23Trade Mission Visits Europe--A high-level delegationcarried the latest word on the progress of the Portof Houston to our European friends. 25Former Cabin Boy Returns To Sea--He made goodas an actor, but lately he has been on decks insteadof stages. 27Transportation Observations--The ICC has vacated anorder equalizing grain rail rates to Houston andCorpus Christi. . 29The famous Turning Basin lies at the heart of thePort of Houston. Snap out and save this brochure. Centerfold

I

The CoverShowing off for the camera, the four new tugboats of the Bay-Houston

Towing Company line up in the Houston Turning Basin and spray their firehoses full force. The boats, from left, are the CAPT. W.D. HADEN, W.D.HADEN II, BARBARA H. NEUHAUS and MARK K. For, a full account ofthe christening, see Page 20.

The Port of Houston MagazineTED SUMERLIN, Editor

ED HORN, Associate Editor

THE PORT OF HOUSTON MAGAZINE (ISSN 0032-4825) is published monthly by the Portof Houston Authority and is distributed free to maritime, industrial and transportation interests inthe United States and foreign countries. This publication is not copyrighted and permission isgiven for the reproduction or use of any original material, provided credit is given to the Port of

Houston. Additional information, extra copies or advertising rates may be obtained by writing thePORT OF HOUSTON MAGAZINE. Controlled circulation postage paid at Fort Worth, Texas.POSTMASTER: Send address changes to Port of Houston Magazine, P.O. Box 2562, Houston,Texas 77001.

Page 6: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

Clark lift trucks last longer than most becausethey’re built better to start with. Heavier

frames, rollered uprights, upset forged forksand a host of other product features are one

reason there are more Clarks at work inHouston today than any other. Another reason

is the parts - service backup found in Clarkdealerships. We think ours is the finest in

Houston. Call us, soon.

$OUTHLINE EQUIPMENT CO.NORTH: 700 W. Cavalcade, Houston, Texas Ph. 869-6801SOUTH: 4565 South Wayside (Gulfgate) Ph. 641-6880

6 Port of Houston Magazine

Page 7: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

That’s what Hellenic’s fleet of roll-on, roll-off super-carriers is all about.The ves,, ledecked. And two of those deck.,able car carriers.Their internal ramps haveelevators. And with theirNavire slewing ramps thecan berth stern-to or alonside, port or starboard.That all adds up to the kimmeans efficiency and speed. In loading. Intransport. In discharge.

plus!

SU.~lna.

Gulf/tIn,

lear ~ent/SouthaticlSouth &Agents in all principal cities and ports

September, 1980 7

Page 8: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

We’re Bagging For You!A New Bagging Service

For Plastic Resins

44,000 Square Foot WarehouseSiding for 11 Rail Cars o Docks for 6 Trucks

Product Purity Maintained

Call For Price QuotationDwight Whittaker, Director of Operations

228-0458

"nExolm Bagg~ g, Inc.104 Japhet, Houston, Tx. 77020

EX-IM BAGGING, Inc.104 JAPHET

Port of Houston Magazine8

Page 9: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

Maritime~Industrial Center

Emergency RoomPhysician On DutyOpen 24-Hours7 days a week

SICK CALLON BOARD SHIPBY APPOINTMENT

Out-Patient Services Available

Surgery- General, Vascular, OrthopedicsEye, Ear, Nose & ThroatFamily PracticePodiatry (foot)Glasses fittedPharmacyImmunizations

PsychiatryDental - Oral SurgeryLaboratory - X-Ray and EKG’ sMedical - Internal medicine and cardiologyPre-employment and annual examinationsEmergency care

Call J.J. Fanguy For Information

8214 Homestead Road Houston, Tx 77028 (713)631-1550

September, 1980 9

Page 10: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

New, direct liner service!

General AgentsCOMBINED MARITIME AGENCIES INC

39 Broadway New York NY 10006Tel 1212~ 344-4500

Northeast Coast/Canada

~onSMITH& JOHNSON ~SHIPPINGI: INC

New York (212) 344-4500Chicago (312) 655-0764

treal ~514~ 845-5201

GullBIEHL&COMPANY

Houston q713’b 222-9961New Orleans i504’, 581-7788

Dallas =214i 748-3318Memphis 901~ 525-8725Mobile 205,432-1605

South AtlanticHARRINGTON & COMPANY

Miami (305) 358-5621 //Atlanta (404) 321-554~

10 Port of Houston Magazine

Page 11: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

Jacintoport Dockside Storage Area for Project Shipments -GoodpastureTerminal

Roll-on Roll-off Ramp

Heavy Duty Barge Crane Available

1606 Clinton D rive, Galena Park,TX 77547 (713) 672-8385Jacintoport (713) 452-4591

Container On-Off Loading

We’ve expanded and modernizedour two private terminals to morequickly handle ships with up to 38’draft. Special equipment and facil-ities include five 300-ton cranes, adockside crating complex, and aroll-on, roll-off ramp.

Containers, general cargo, roll-onroll-off, heavy lift and bulk loading.Shippers Stevedoring can handle anyjob you have. And we can handle itanywhere in the Port of Houston.

For project shipments, we offer adockside storage area of 40 acres.

Whatever you have to ship, wher-ever you need it done, put the load on us.

SHIPPERSSTEVEDORING

COMPANY

Five 300- Ton Mobile Cranes

Modular Home Capabilities.

Jerry McManus, PresidentB.M. "Bruno" Salesi, Manager

Ted Dugey, Jr., Jacintoport Manager

September, 1980 l !

Page 12: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

Specify the "PROFIT LIFTER" OTEK.

Texas BuiltHouston Serviced¯ Built with high tensile strength TI steel

¯ Powered by industrial diesel engine

¯ Heavy duty steer axle and braking

¯ Wide range of optional equipment

¯ Lift capacities ranging from 15,000 Ibs.

¯ Superior service

Designed to lift one thing betterthan all it’s competitors.

YOUR PROFITS

PrecoMachinery Sales6495 Rupley CircleHouston, Tx. 77087Call: 713-641-2161

12 Port of Houston Magazine

Page 13: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

Send us your card stapled to this ad.We’ll put our Port of Houston facilitiesin your hand. FREE.

Get the facts, then let’s get together.Manchester Terminal and our affiliatedManchester Stevedoring offer threedocks for ocean-going vessels; accessto a fully-equipped container yard;open area storage for steel products andmachinery; storage warehouses forcotton, bagged and drummed goods;direct rail access to all warehousesand dog, ks; stevedoring service for allcargoes. And there’s a lot more. Sendfor our comprehensive new full colorbrochure. See it and then see usfor complete cargo handling in thePort of Houston.

¯ Ioa~unload~ * receiving/transferring¯ open and covered storage¯ containers, bagged an~ my gooc~¯ shroucling anti shr|nkwrappirlQ

mFIANCHESTER~~mHANCHES11ER~MANCHESTER TERMINAL COMPANY AND MANCHESTER STEVEDORING COMPANY

A wholly-owned subsidiary of Charter International Oil Company - 10,000 Manchester Street ¯ P.O. Box 5008 ̄ Houston, Texas 77012 ̄ (713) 926-9631

September, 1980 13

Page 14: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

ANCHORAGEVALDEZ

KEICHIKAN ¯

VANCOUVER B C0SEATTLE¯

PORTLAND¯

SANFRANCISCOIIOAKLAND

LOS ANGELESqILONG BEACH -

ENSENADAO

GUAYMAS ¯

SAI.NTC[OHN, N.B.:00HALIFAX

MOtWTR~L0 ¯

TOFI.oN;fo " "BOSTONOCRA~N~OR~ i"

DEARBORN :!I!~Q NEW YORKM~LWAUKEEO .... ¯, :, . 0~PHILADELPHIA

¯ ¯ CL~ L~,l~ri ....... BALT MOREcH~:(~AGO:~ .... ’T’ .. " :

: ¯ ..ff’IAMRTOf~ ROADS)

: : .: CHARLESTON" " ¯ OSAVANNAH

MOBILE.¯ .i" ¯JACKSONVILLE

" oNEvv ORLEANS

QMIAIVOoenln9 1980

MONTERR.EY

MAZATLANO . OTAMPICO

MANZAN LLOQ~ MEXICO CITY:¯ 0- ¯VERACRUZ

ACAPULCO

When it comes to comprehensive service, KerrSteamship Company, Inc., has the edge over itscompetitors hands down. The professional personnelstaffing our extensive network of offices in the majorports and hinterland market cities of North Americaare in constant communication to cut the red tapeout of your cargo movements. If you need a bill of

lading released in Atlanta, Anchorage or Acapulco,we can do it. If you have a special cargo handlingproblem in Boston, Baltimore or British Columbia,we can solve it. If you have a sales lead in Charleston,Chicago or Cranford, we can pursue it. No matterwhere you are, or your problem is, Kerr has youcovered.

STEAMSHIP COMPANY, INC.

Steamship Agents, Terminal Operators, Stevedores

Suite 5130, One Shell SquareNew Orleans, La. 70139Telephone: (504) 566-0500TWX: 810-951-5030

American General Tower, Suite 15002727 Allen ParkwayHouston, Texas 77019Telephone: (713) 521-9600 ° TWX: 910-881-2753

14 Port of Houston Magazine

Page 15: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

We’re strong ondouble coverage.

Yale &Taylor.

You’ve got a whole lot to pick from with Briggs-Weaver.Because we’ve got the largest and most diversified

line of lift trucks in the southwest. Yale and Taylor. Tobuy, finance or lease with a variety of rental options.

But Briggs-Weaver is not just lift trucks. Our inventoryincludes railcar movers, spotting tractors and personnelvehicles to name only three. And we supply special en-gines, transmissions, tires, heavy-duty air cleaners andspecial lift attachments for pipe, steel, lumber, concreteand containers.

With six Texas warehouses and our inter-store over-night delivery, over 90% of the parts orders can be filledwithin 24 hours from stock on hand.

So if you’re in the mar-ket for lift trucks, or onlylift truck parts or service,choose the best of the lot.Briggs-Weaver. Texas’largest materials handl-ing equipment dealer.

OUR NAME CARRIES A LOT Of WEIGHT.Beaumont ̄ Dallas ¯ Fort Worth ̄ Houston ̄ Jasper ̄ San Antonio

September, 1980 15

Page 16: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

¢’~.o

¢-~_.

¢~-,

¢’~.,

¢’~.,

~-o

¢’~..

¢’~.o

Did you know that

Did

uth

opened its doors for business inOctober of 1978!

you know that since then approximately

~ of the export packers~-o

¢’~.o

¢-~..

"-O

"-O

"-,O

listed in this magazine are:.-~

OUT OF BUSINESS,!

No, not due to SECCOBUT PRIMARILY THE INTERRUPTION OF

Mideast work due to changing conditionsYet: SECCO has managed not only to stay

"-O

"*O

~ Afloat - but to even grow during this slow down.~ We must be doing something RIGHT!!!~ COME LOOK US OVER!~. "~D

¢.~.. "*~

~ uthern Export Crating Co. Inc.2221 Canada Dry St. 921-4407 "~

???????~~~~~~~~~16 Port of Houston Magazine

Page 17: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

Texas, Houston Economy To Outpace U.S.Economic "Free Fall" Is Slowing

By DON ZULLO

The United States economy appears to be stabilizingafter a four month "free fall" that started in January, butthe nation is still struggling in the midst of the secondworst recession since World War II.

Texas and the Houston metropolitan area, however,should continue to outperform other areas of the nation,especially during national economic downturns.Unfortunately, double-digit inflation will continue toburden Americans throughout the early 1980s.

These are some of the conclusions of George Crosby,Vice-President and Chief Economist of First CityBancorporation of Texas Inc., Houston’s largest bankholding company.

The first drop in business inventories in four years,along with an increase in retail sales and new home sales, isevidence that the "free fall is slowing down and that we’regetting a handle on the recovery," Crosby said at a recentnews conference at the Petroleum Club.

"The recovery is going to be sluggish. Real growth in theU.S. economy will be hampered by low productivity, highinflation, and high interest rates," he said. Crosby expectsthe U.S. to post a 14 per cent inflation rate in 1980,compared to 11 per cent last year. Declines in the U.S.Gross National Product for the third and fourth quartersof this year are anticipated to be 6 per cent and 2 per cent,respectively.

Crosby and regional economist Nat Eisenbergpredicted that Texas and Houston will weather the 1980recession with relative ease. Houston’s economy willremain strong because of its vibrant energy sector; its port,which ranks among the top three nationally; its growinginternational financial community; and its continuingattractiveness for investment by foreign and domesticfirms.

The five years through 1985 should bring a continuationof rapid growth in population and income, an excellent jobmarket, and a healthy rebound in construction activity inHouston, Crosby forecast.

"Although Houston will probably not repeat theextraordinary growth rates of the mid-1970s which weregenerated by the surge in energy-related activity followingthe 1973 oil embargo, its overall real growth should be farabove the nation’s and tops among all major metropolitanareas," said Crosby.

The industrial production index is a superb indicator ofhow the Texas economy fares during various phases of thebusiness cycle. For instance, in the 1973-75 recession, U.S.output declined 18 per cent from peak-to-trough comparedto only 6 per cent in Texas (see graph). This ability Texas, and particularly Houston, to keep the wheels ofindustry turning in the face of national recessions hasserved as a tremendous stabilizing factor in the state’seconomy.

Despite expectations of a mild national recession aroundthe middle of the decade, there are encouraging signs of ashift to "supply economics." Crosby explained that, since

September, 1980

the 1930s, there has been a "strong focus on demandmanagement of the national economy based on theassumption that demand creates its own supply.

"However, since the latter part of the 1960s, thisapproach has begun losing its effectiveness as lowproductivity, high inflation, and material shortages havehighlighted the need to focus more on the nation’s supply-producing capabilities."

The early 1980s, according to his analysis, should see anew emphasis on "supply-side economics with its aim tolimit taxes and regulation and to encourage productionand expansion." Increased productivity, coupled withdisciplined monetary and fiscal policy, could reverse theinflation and interest rate spiral that has plagued thenation for the last decade and a half, said Crosby.

There are no easy or quick solutions. "It took us 15years to get into this mess and it will take us a long time toget out. We’re not going to do it overnight," he said.

Highlights of the Houston and state economy wereoutlined by Crosby & Eisenberg. In Houston, theunemployment rate during 1981 is expected to remainbelow 6 per cent while the national average tops 8 per cent.Non-residential construction starts in the Eighties willcontinue to set a record pace. Houston is likely to repeat asthe nation’s leader in housing starts as it was from 1975 to1979. In population, the Houston area will grow at a rateof three and a half times the national average during 1980-85.

Continued on Page 59

INDUSTRIAL PRODUCTION INDEX

1967 = 100 mm TexasU.S.

180

170

160 ~. _.te

150~ ,/

140t ’ - -

130

120

67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85

17

Page 18: Port of Houston Magazine 1980 Page 1 to 18.pdf · Houston, Texas 77029 (713) 675-9101 3062 Jetero Blvd. West Houston, Texas 77205 (713) 821-2240 1717 Tchoupitoulas New Orleans, Louisiana

SOUTH TEXAS LIFT TRUCK, Inc.Specializing In Container Handling Equipment

KALMARService

Parts

Rentals

Sales

Houston San Antonio Baton Rouge

CAPACITYService

Parts

Rentals

Sales

STILT

2ontact:Tommy StilesAndy AndrickMelvin TriplettSteve HowardRoy Vinson

Born Out of The Need For Good ServiceA SSIS TANCE 24-H0 URS-A-DA Y

(713) 675-2427

18 Port of Houston Magazine