The Ottawa Herald from Ottawa, Kansas on October 3, 1961 · Page 5
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The Ottawa Herald from Ottawa, Kansas · Page 5

Ottawa, Kansas
Issue Date:
Tuesday, October 3, 1961
Page 5
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Profit Explosion In The Making? By SAM DAW SON AP Business News Analyst NEW YORK (AP) - Profits are picking up speed in their six- month climb from their recession low. The bulls hope this foretells * profit explosion. The bears think the gains will fall short of that. But early re- turns on the third quarter, now starting to flow in, show average net income after taxes running ahead of the year-ago figure for the first time this year. Stock traders will watch the profit trend closely, since it reflects both the extent of the business recovery and the success of © 18*1, King Features SyndJei>, Int., World ri*nti t*sfrv«i, - "It's not for me.—It's for the philodendron." "Someone Was Careless," Says Grief-Stricken Boy Asked Them To Take School Bus FREMONT, Neb. (AP)-"Why [ can't people drive better? Why can't they be more careful?" Roger Lewis, 11, stubbornly held back tears as he spoke. "I don't know who was to blame," he said slowly. "But someone must have been careless, or they'd have come for me and we'd all be together again." His grandmother laid her hand on his shoulder They sat together on an old studio couch beneath • tree, both thinking of his future. Roger Lewis and his family had INDIANAPOLIS CAP)-" I told them 'I wish you'd take the school bus today.' " But, Mrs. John Altmeyer said, her son, Robert, 17, told her the driven up Sunday from home in Blair, a little Missouri River town 25 miles east of Fremont. Roger's stepfather, Dallas Talkington, was going to apply for a job Monday at a concrete products plant here. Roger's mother let him spend Sunday night with his grandparents, Mr. and Mrs. Bernard Dahn- ens. The Talkingtons would pick him up Monday, she told him. Talkington, 46, had found the going tough since bringing his family from Craig, Colo., 10 months ago but they had stayed off relief. Two months ago Talkington got a job in a Blair factory. When he found the paint fumes there made him ill, he started looking for another job. Talkington didn't get the job he sought in Fremont. So he headed the family's 1953 model car for the Dahnens modest cabin. With him were Roger's mother, Dora, 29, and the boy's sister and four- half brothers. As the car wheeled out of the industrial district onto the highway it collided with a semi-trailer truck. The car rolled into the ditch, the trailer on top of it. The crash killed the parents and the five other children in the family—Dallas Jr., 6; Dana La Vern, 5; Virgil Lee, 2; Lowell Cecil, 1, and Diane Kay Lewis, 9, Mrs. Talkington's daughter by a previous marriage. The driver of the truck, Frederick Schwalm, 38, of Omaha, was treated for a cut on the forehead and released. their bus "just got them there in time for school, and he had some history homework to do before classes began." And as they had done many times before, her son and four close friends drove to Franklin Central High School. All five died about eight hours later when a swift New York Central passenger train twisted their car into two piles of scrap metal. Others killed were Altmeyer's sister, Laural Elaine, 14; Stephen Pratt, 16; his sister, Nadine Louise, 14; and Linnie Taylor, 14. "The five were the best of friends," said a neighbor. They lived in the same block in southeastern Marion County. "When you saw one, you saw all five." They died in a crash less than a mile from the school. The youngsters climbed into Pratt's 1949 model car shortly after classes had been dismissed at 2:40 p.m. Nine minutes later they were dead. About the time school was out, a Chicago-Cincinnati passenger train was leaving Indianapolis Union Station. It was 11 minutes behind schedule. By the time the train reached the crossing, it was traveling between 70 and 80 miles an hour. "They stopped, and then they just drove up on the tracks," said Engineer Verna C. Zander, 63, of Indianapolis. management in coping with rising costs and with squeezes on profit margins. The first half of the year, despite a good pickup between the second quarter and the first, showed earnings still trailing 1960. But early returtis for the first nine months indicate that profits should pull even with the year- ago figure. This gives the whole of 1961 a good chance to top the 1960 returns. The early returns so far are almost exclusively from corpora- ions whose fiscal year ends before the calendar one. Thus the nine months result. 1 ; go back a month or so into 1960 and cover more recession time than will those firms using the calendar year. The recession low commonly is put at March. But the nonconformists also report- a third quarter that doesn't include September when business as a whole usually picks up. Third quarter returns of 74 corporations reporting so far show 50 of them doing better this year than in the summer months of 1960. Four operated in the red this year, against six a year ago. As a group the 74 report profits of $138,556,000, compared with 1126,706,000 for the same companies a year ago, or a gain of 9.3 per cent. These figures exclude the three months report by giant American Telephone & Telegraph. Add these in and you have 75 companies with total profits of $470,598,000 against $444,739,000 but the percentage falls to 5.8, since the Bell System was doing a lot better a year ago than were many of the other 74. Among the other gainers in the third quarter this year were department stores, office equipment farm equipment and some machinery and tool companies. The third quarter gains over last year stand out against second quarter results, which still | trailed 1960 by 2 per cent, and the first quarter returns, which j ran 20 per cent behind the previous year. Fewer corporations have reported so far on their first nine months. A.T.&T. is among the missing. But of the 52 which have, 29 trail the year-ago figures, and five operated at a loss against three in the previous year. (The nine months results are from a largely different group than those reporting for the quarter.) The 52 reporting at the three- quarter mark of their fiscal year show net income as a group of $188,578,000, compared with $177,560,000 in the like 1960 period. The gain is 6.2 per cent. THE OTTAWA HERALD Tuesday, October 3, 1961 Jack Paar Blasts Senate, Press $5,000 CATCH — Sal Durante, Brooklyn, N. Y., who caught ball as Roger Marts' 61st homer sailed into stands in New York's Yankee Stadium, receives facsimile of $5,000 check from Sam Gordon. At right is Durante's girl friend, Rosemary Caln.brese. Gordon, a rcstaurantcur, promised the money to the fan who caught and returned the ball on Marls' record-setting home run. Red China Admits Failure On The Farm, In Factory TOKYO (AP)-Red China admits failures in farm and factory and in the midst of its economic ences in socialist construction." These disclosures unfoidud today from thousands of words of difficulties has turned to a study , editorial and speeches during the of the Soviet Union's "experi-' just-concluded Oct. 1 celebration Hope To Have Nuclear Rocket In Five Years Another Test Planned WASHINGTON (AP) - The Army plans to try again next weekend to fire its Nike Zeus antimissile out over the Pacific. The test, probably on Saturday, will come at a time when the Army is bidding anew for money to start limited production of parts for the controversial system. Nearly a month ago, on Sept. 9, Army technicians made their first effort to shoot the Nike Zeus from Point Mugu, Calif. Shortly after the missile shot skyward it exploded. Although rebuffed repeatedly in the past, the Army is known to ba seeking again to win an allocation in next year's defense budget for starting production of long-range items for the Zeus system. Officials declined te say how much money was being sought, but it appeared likely the request might be about $100 million. The Army hoped for that amount a year ago but was turned down. Hurry! Ends Tonite Elvis Presley in BLUES G. Wed. thru Sat. is In the first half of the year profits were trailing 1960 by 12 per cent, a better second quarter unable to offset the big drop in the first three months of 1961. The first nine months of 1980 had trailed 1959 returns by 2 per cent. The scattering of early returns to date is far from the last word on the profit trend, which won't be available for some weeks. But the steady climb from the first quarter low point strengthens the hopes of those who expect earnings to go on increasing in spite ofj4sing costs in many industries By VERN HAUGLAND WASHINGTON (AP) - The United States aims to have a rocket with a nuclear engine ready for flight testing in about five years, a U.S. space official said today. Nuclear propulsion, he said, is "necessary fnr manned interplanetary flights." The official, Harold B. Finger, assistant director for nuclear applications for the National Aeronautics and Space Administration made his remarks in a paper prepared for delivery before the International Astronautical Congress. He said NASA and the Atomic Energy Commission have been investigating flight-testing methods in a program known as RIFT for "reactor in flight test." "Some time after the beginning if 1962, an industrial contractor will begin development activities on a RIFT-vehicle to meet the objectives of achieving flight testing in the 1966-67 time period," Finger said. Plans call for launching the nuclear rocket on a short-range ballistic flight from Cape Canaveral, Fla. It would be lifted by a Saturn-type first stage. After the initial RIFT flights, said Finger, other tests will be made involving: 1. Missions in which the vehicle will attain sufficient speed to leave the earth's gravitational field and go into orbit around the sun. 2. Flights in which the reactor is started up after it is in orbit around the earth. Ottawa Roller Rink Public Sessions Wed. and Fri., 7:30 to 10:00 Sat. nights, 8:00 to 11:00 Private Parties Mon., Tues., and Thurs. 2nd and Main CH 2-9704 LAST TIME TONIGHT Box Office Opens 7 P.M. Feature at 7:55 Only 7:10 YULBRYNNSR _ . LOLLOBRIGIDA SOLOMON SHIM .wow^owr^,,^ 8:55 HILLCREST STARTS TOMORROW Due to Length of Feature It Will Be Shown Only Once — at 7:45 IT TOOK YEARS TO MAKE. .IT COST '12,00000 ...IT WILL BE REMEMBERED FOREVER! lit __ TECHNICOLOR® JOWIWffi/ RICHARDWIDMARK/LAURENCE HARVEY FRANKC PATRICK WAYNE/IINOACRISTAL .—,AVALON MAN owitH/cwii WILLS /as RICHARD BOONE AttD THRU UHITI* ART191« Shown at Regular Prices Sues Actress For Divorce LONDON (AP) — Playwright John Osborne has filed a suit for divorce against his beautiful ac- jress wife, Mary Ure, his lawyer id today. The author of the successful play and movie "Look Back in Anger," Oiborne is regarded here as Britain's original angry young man. Osborne married 1957. Miss Ure, 28. in Cattle Receipts Up At KC KANSAS CITY (AP)-Monday's cattle receipts of 16,000 at the Kansas City market were the largest in nearly a year. Heavy rains had slowed shipments the previous week. of the 12th anniversary of the Red regime's founding, While studying Soviet experience in building its economy, Red China has emphasized it will continue the rural communes assailed by Soviet Premier Khrushchev as impractical. Chinese officials report failures in agricultural production had a damaging impact on heavy and light industry and the nation's living standards. Speeches and editorials made repeated references to difficulties brought on by natural calamities —drought, flood and typhoon—in j the past three years. Peiping earlier this year collided that the grain harvest hud been i bad one. But this was the first direct admission of the effect of crop failure <m j'ght and heavy industry and "the people's livelihood." Essentially an a^iculluryl country. Red China always has depended upon agricultural exports to get the machinery needed for industrialization. The official Peiping People's Daily said: "While achieving great successes, we have encountered certain difficulties in the economy in our forward march and there have been certain shortcomings in our work." It went on to say that this year has been one of great readjustment "to overcome the new discrepancy in the balance of the national economy." The paper indicated there is a grave shortage of raw materials to feed the nation's growing industrial complex. It called for efforts to boost the production of light industry and handicrafts, the capacity of mining and lumber projects. By WILLIAM BENDER NEW YORK (AP)-'Tm at a loss for words, but I'll think of something. I have a few notes here." . With that brief, smiling introduction, Jack Paar launched into an hour-long television attack Monday night on the U.S. Senate and parts of the American press in the controversy over the filming of a Paar show on the border between East and West Berlin. The occasion was his first show over the NBC network after returning from a trip that included stops at London, Paris, Switzerland and Moscow, as well as Berlin. At the end of the discourse, Paar hinted again that he might soon leave the late evening show after more than four years. The controversial show was filmed Sept. 7 at the Friedrich- strasse checkpoint and broadcast from New York City the next week. Army participation in the show brought criticism in the United States, and the incident was described in the Senate as "shocking" and "highly dangerous." Disciplinary action against two officers was announced in Washington Sept. 9, but was rescinded as unjustified on Sept 27. Paar noted that the incident had drawn criticism from some newspaper columnists and editorial writers. But he said some others had waited, gotten the full story and had praise for the show Paar said he had been told that a movie—"Advise and Consent"— is being made in Washington "with the use of government buildings and with senators actually appearing in the picture." "The American people did not send men to Washington at public expense to have them end up in the movies," Paar said. "I do not intend to be pushed around by the United States Senate, the most exclusive men's club in the world, nor by newspaper editors or publishers or their henchmen, the columnists. "In all the newspaper clippings they referred to me as 'a comedian'—something they were never willing to admit in the past. Well, I decline the title. We have enough comedians writing editorials in newspapers and speaking in the Congress." That prompted applause and laughter from the studio audience, as did the remark: "I notice that Congress had the good judgment to adjourn before I got back." He Gives Thanks Every Day ANGLETON, Tex. (AP) - Tht shock is gone. Robert Dunn is settled in a routine almost normal for a 15-year-old. The routine would be normal except Robert takes time each day to thank people by mail for money, clothes and kind words. He personally thanks Mr. and Mrs. R. M. Swanson of Angleton for giving him a home. Robert lost 11 members of his family in Hurricane Carla. His parents, four bro'.hers and sisters, an aunt, an uncle and three cousins were swept away by the storm's flood waters Sept. 11. They had tried to ride out the hurricane in the Dunn house. "The last time I saw mom and dad they were holding hands and she was crying," he said. The Swansons were close friends of his parents, Mr. and Mrs. R. W. (Shorty) Dunn. "The Lord has blessed us with good incomes and we have a large house," Mrs. Swanson said. "We had been thinking of adopting an older boy and we know what kind of a boy Robert is." Mrs. Swanson, 37, teaches first grade at an Angleton school. Her husband, 35, is a maintenance worker for a chemical company. Money sent to Robert has been placed in a savings account for him to use when he goes to college. KEEN TV SERVICE 114 S. Main GH 2-34901 Bank Reports Are Called WASHINGTON (AP) - Federal officials issued today a call for reports on conditions of banks under thuir jurisdiction as of the close of business Sept. 27. The comptroller of the currency's call affects 4,524 national banks. The call by the Federal Deposit Insurance Corp. applies to 7,321 insured state banks which are net members of the Federal Reserve System and not located in the District of Columbia. SELF SERVICE DEPT. CHILDREN'S SHOES Pairs Two 5 00 PAINE'S BOOTERY DISPLAY NOW THE NEW LEAN BREED OF DODGE FULL'SIZC DODGE OAHT 449 The 1962 Dodge Dart 440! First of the Actiou-Economy cars. A low-price, full-size Dodge that will outrun, out-economize most auy car around. It accelerates 1% faster on 5% less gas than last year's comparable model. Seats are chair-high. A center armrest in front folds down. Brakes adjust automatically. It's rustproofed. Goes 32,000 miles between grease jobs. That's Dodge. As always, the most dependable car on the road. SEE IT AT YOUR DEPENDABLE DODGE DEALER MINNICK MOTOR CO 201-09 S. Hickory -- Ottawa, Kansas

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