The Akron Beacon Journal from Akron, Ohio • Page 35

33A ith Profit, Hoiu High Is High Enough: 9 Akron Business Index WeeVs iVeit; York Stock Activity Year latest Period Previous Period Business Wants Move Than A Record Year By DARDEX CIIAMBL1SS NEW YORK UP) The business community is wrestling with a confusing profits paradox. Businessmen concede profits are up almost 30 per cent so far this jear and may well hit record highs. Continued From Page S4 A Eiectrk- Output Week end May IS kwh delivered to Akron Area Distribution Svs. Yearly Sales Miek Lew (Mis.) Niek 41V US Boras .80 48 34 31 96 37.782.000 39,261,000 1 US Bar ix pu Id 140 37 US tor 31 29'4 35 US Friesht it 153 40'. 82' US Grown j.60e 158 85 Freight Car Tonnage March Inbound 128.1S5 Sates (Mas.) Wn Md 3 pf 1 60 4 Wn Pac 1 44 Wn Un Tel 1 40 365 Wes'g A Br 1.40 151 WtKtg El 1 70 786 Wtg El pf 3 80 4 Wheel Stl ie 71 Wheel Stl pf 1I6O Whin Cp 1.40 71 Whirl pf 3 40 7 White Dent 180 It White Mot 1 66 US Indus 15 124.850 111,750 But businessmen complain 98 32 47 105'j 24'4 4' 40 23 31 55 60 164 95.676 116,159 Outbound 126,658 779 18' 1 46 58 38 382 191 19 30 Salts (Hdt.) Hiek Texaco 1.80 86 55 East .88 298 17Vt Tti Gas 1.60 91 42' Tax Prod .80 id 423 49 To Sul .36 1643 17 Ins 350 19 1 20 207 44 Te Tr .30 19 18 Te Utll 2 24 179 97 Tertrod 1.25 220 JTVi Tertroa of 1.25 12 30 There Gl 1 40 25 J3H Tftiokol 357 31 Thome JR .60 1 16 Thomp RW 1 40 165 57 Thomp RW p) 4 120 87 Thor Tool 1.60 15 30 Tioewar Oil 93 19 Tide Oil pf 1.20 27 24 US Ind pf 125 US Lines 2b id US PNw 4 1.38 US Pley Cd UOe U6 Piywd 1 money in the loan market 30 18 39 431 47V 1584 White pf 5.73 White Sew 605 718 462 633 459 636 I Net Listen 37' 98 1 71 39'l' 85 1' 17ilVj 46' 38'3 181 30' 45 1' 48 16' 79 32 2 52 1 5611 147 -1 79 36' 30' 10 28'4 3 4 41 r-J 19 '4 43 1 1 38'4 44 45 181 49 12550 163V 33 30 71 33f 14 53 1036 54 43 148' 35 44'.

30V 58 50V Lea 31 97'4 27' 35 82 15 46' 1 34' 39 43' 471 160' 391 30' 50 551 146 39 31' 2t' 9' 7 37 38' 40' 19 41 43 36 US Ruk 2 ad US Rub pf 8 US Shoe JO US Smelt US Smelt pf 150 US Steel 3 US Steel pf 7 White Sew pf White Sew pf 3 Vaarlf Hiet Lea 32 M' 28 34' 41 35 30 35 39 31 Hj 83 42 33 94' 93 33 7S 77 71 47 401 57 47 102 100 10 7 43V 37 25 33 26 24 48 36 37 27 57 44V 87V. 84 46 33 9 6 39 27 60 50 131' 125 401 35 39 2 92 4 58 46 93 W' 131 110 11' 8 Net Last Cl8 29 24 V. 36 27l 32 '4 85 33 95 4 78 7 73 41 45 100 7 381 73' 24' 38 24 46 1 86 34 6 38 55 3 1791 37 76 774i 46' 1 891 114 1 9 Hlgk 39 35 37 78 34 86 35' 96' 7 73 41' 4 100 39 23 24 39' 34 50 86 34 7 78 551 130 37 36 77 4' 897 115 Laa 39 34 35 76' 4 31 85V 33 95 75 71 41 43 100 7 38 33' 24 36 72 46 86 33 6 37 51 129 35 25 72 tt'i M' 110 White Str 1 Tt'i 55 152 144 rather than by raising prices, He answered his firm al-; ready had borrowed $S00 mil-i lion since 1958, arid added, "If, you borrow money, you've got to have the cost-price relation- ship that will give you enough profit (to) return the money; that you borrowed." I I. S. STEEL, the biggest: Yearly S9'- SC 11' 45 37 H'-i 14 125 7V 4 35 Jl' 1714 113 31 33'" J7V 37 22 44 M4 4 15V 54 Ui 13 34 25 23 19 25' 7' 50 21 '4 271 25 5" 42 Wit 70 14'4 10 34' 25'4 4'1 3t 141 125 18' 15 lOW SI'- 40Vi 54'1 Wt 22 52'4 4' 39 2i 14 Vk 49' .40 1H 39 39 Nat Last Che.

S43 17 42'3' 48' 1 15 3 M'44 43'l 18 94V 261 30 23 30 1V 15 56 1 87 30 19 24' 50- 31' 35 57 Vt 37'4 70 V. II 411' 130 5 9' 14 W'- 56 23 Vi 50'4 38 13 '4 40 -7 IV4 US Tob 1.40 54 311 Lea 50 U'4 40 451 14 824 40 18 90 251 29i 32W 384 15 54 87 291 19 24 50 21 '4 25 57 26 70 10 25 38 126 9' 10' JO'-l 55 23 50' 27 13 40 9'. 190 77 1 4 1 75 77 61 81 I 14 80 J49 77 150 37 Tin 240 Id 73 S3 Auto Sales Week end May 12 Summit New Summit Used Akron Relief Cases Week end May 12 Families Non-Family OSES Job Placements Week end May 12 Men Women 81 21 Tlsn Real .50 Toledo Ed .80 800 459 804 472 1.029 514 US Tob pf 1.75 110 3t US Vitem .70 335 30 Un Whelan .50 118 10 Uni An 87 9 Univ Ck 1 300 126 30 '4 Wkkes 1 Wikei Oil 60k Wilson 4 Co 1.60 Wilson pf 4.35 Wilson Jon I Windsor Winn Oli 84 Wis El Pow 19. Wis El pf 6 39'4 42 141 ii' 38' 40 54 31' 61 55 284 9' 7' 27 34 40'4 191 41 '4 41 35 UniV Am pf 2 50 12 39 Univ Lf TO 1.20a 41 44 Unif Match .10 330 20 Unhr CXI Pd .60 49v 46' Upiorm .80 341 45' Uial P4L 1 32 48 38' 245 88 214 73 221 103 103 26 16 58 49 29 41 72' 67 ll'd 128 31' 304 42 28 130 204 10' 4 101 11 246 457 35 56 60 24 1 50 '4 133 30'4 8 13 120 40 Wise 1 40 Woodwd Ir et Wootwortk 2 50 Worthington 3 50 Worth pf 4 50 Wr.giey 3a Wyen War 86 Id 73 146 .61 1440 IS 17 Torrlra Co 1.60a Trac Sup A .90 Trant Co .90 Tran Air Tran Fin 1 52t Transamar Transam pf 4.50 Transitron Transwn PL Trl Con! .320 Trl Cont pf 2.70 Tung Sol .70 Tung Sol pf 2 50 Twent Cen .751 Twin Citr 1 Twin pf Bank Debits April Postal Receipts April earnings still are not high enough to get the country going full blast. "Utterly fantastic," says an AFL-CIO economist who quarrels with both the facts and conclusions of this argument.

"Exactly how often," asks another labor official, "have you heard a businessman complain profits are too high?" THIS is not merely a theo-' retical how-high-is-up debate, insists the many businessmen joining in a "profit-squeeze" chorus. What has happened, they say, Is that competition, both here and abroad, has thwarted price increases at the same time labor costs, taxes and other costs have been climbing. This is shown, said -chairman Albert L. Nickerson of Socony Mobil Oil by the way corporate profits have shrunk from 9.2 per cent of national income in 1947 to 5.4 per cent last year. Despite dollar-figure records this year, writes the First National City Bank of New York 166 172' Xeron Cp 897 140 132'137-lH $63250.894 $620,290,670 $614,390 $643,141 $696,622 $611,390 Twin Ind .60 23 9 23 Van Rial 1.30 IS 37 Van Al Stl 1 40 10 17a Vened Cp .60 53 31'4 Varian As 402 31 Vendo Co 40 190 13 Victor Comp 92 34 Va Caro Ch 37 112' Va Ch pf 9 55' Va El 4 Pow 1 40 142 106'4 Va 4 pf 5 1280 91 Va 4 pt 4.12 6 86 Va 4 pf 4.04 120 21 '4 Von's Grec Mt 75 25 Vorned 137 10 Vulcan Mat US 103 Vulcan pf 6 25 ISO 24 33 38' 37 18 1I' 38 34 J3't 31' 14V 13 41 38V 128 126 59V 551 110 108' 93 92 91 91 33 31V 30 25'4 114 10 105'4 105 26 33" 28 45' 50 18 44 135 67 111 924 91 36 36' 14 106 1671 73 V4 J8V 18' 36lVs 31 1 13 39 128 1 59143 109 92 1 91 1 77l 10 10r4 ir 30 75 31' 791 107 87 30 31 Yale I Tow 50r (8 Young ft 9 Ynst Sh 1 5 193 Yngst 1 -30 76 35 35 31 30 30 91 87 23 31 31 Metropolitan Manufacturers' Fayrolla March $44,197,990 $40,569,595 Udylite 1 354 Underwd 104 Untie Lid .26 Id 401 $41,179,609 19'4 28 22'4 9 65 Un Asb 1'4 15 3 15 27H 21 10 71 S3V 42 43 34' 121 98 53 46 78 58' 7enlth Red 80a 1040 65 St 62 ft TOTAL WEEKLY NEW YORK STOCK SALES For week 19.556.770.

Week aoo 18.419.640. Vw uui Roarree of aboee finer arc Ohio rtrlliwa 0v, Akma HlatHe.1 Aatonobll Ifealore Aaeorlatsna, Akroa Relief Offlrc Foarth Ohio Cleartaf Hoara Auortatloa, V. ft. roa Office, ALroa Chamber af Commerc aael Oh la Stale Kmplojmenl Bwrstee. Unllev NV .72 Un Bag 1 50 Un Carbide 3.69 Un Elec 1.80 Un El pf 4 50 15' VukaR et .80 It 16 157 101 91 BBmii; 95'4 4'4 73 Vj 277 167 549 106 1230 1 50 150 260 457 115 117 15 151 77 69' 54' 34 3014 S'4 8' 764 Wat RR pf 4.50 22 Waetmr El 1.20 71 Waldorf Sys 53 Walgreen 1.60b 51 Walker 1 60a 32 Wall Tltrt Si Walworth 8'4 Ward Bk 62'4 Ward Bk pf 5.50 30' 39 32'A 23' 1370 70 51 14 73 35 173 31 1380 63 134 .61 125 67 37 181 277l 31 9'l'.

43 381 99 1 48'4l 100 91 1 76 55 '4 31 Vk 8 33 -H 24 30 Vi 483 10911 1V 95W3V 31 1 43 14 31 75 30'4 4 7 Vi 55 3 30V1i4 43 25 4 71V-2V 24i4 19 11 Vi IV 57 -1 34' 16 25 21 42 37', 98 46' 99Vi 91 76 54' 30'4 8 30' 33V 30 44 109 Vl 93 30 31 73 30 '4 7 51 18 38' 34 36 70 34 1t' 2C'4 1 55 33 39 29 50 42' 110 104'4 100 92Vi 35 30'4 50V 42' 36 21 84 73Va 33' 30 44 39 101' 48 VJ Ml 91 77 58 31 8 334 24'4 31' 48 1091 95V 32 4314. 22V 77 32 8 55 20'4 45'4 36 '4 37 73'4 24 19W 22'4 1' SB 34' un ei pr 4 Un El pf 3.50 Un Oil Cal 2P Un Pc 1.30a Un Pac pf .40 Un Tank 1.60 Un Twist 120k Unit Air Un Unit Aire 2 xd Un Air 1955 pf 4 Un Air 1956 pf 4 Un Artists 1.60 Unit Bisc 1 Unit Bd 4 1 Unit Carbon 2b Un Carr 1.20a United Cp Unit El Coal 1.63 Unit Eng 4. la Un Fin Cal Unit Fruit .50 Un Gas Cp l.M Un Gas Im 1.64 Un Gas Imp Wl Un Greenf 1.10 31 9 657 57 44 8'4 9 73 30 17 38 '4 94 27 54 40 51 37 36 S'4 14' 102V 94 46 24.274,430 Two years ego, 19.725.30 Jan 1 to da'e 333.952,894. 1941 to 04 475,089.483. 1960 to date 796,574.061.

TOTAL WEEKLY NEW YORK STOCK SALES Split Indicates split up or stock distribution In eicess ef 25 per ant during itti, net cnenee shown, Unit i trading ten shares or sales In full Rates of dividend In the foregoing table are annual disbursements based on the last quarterly or semi-annual declaration. Unless otherwise noted, special or estra dividends are not included. a Also eirtra or estras. Annual rate plus stock dividend, Declared or paid In 1959 plus stock dividend, Declared or paid so far this yeer. Payable la stock during 1959, estimated cash value on ei-dlvidend or -distribution date, Paid last yeer.

Declared or paid atter stock dividend or spilt up. Declared or paid this year, an accumulation issue with dividends In arrears, Paid this yeer, dividend omitted, deterred or no action taken at last dividend meeting, Declared or paid In I960 plus stock dividend, Payable In stock during 1960. estimated cash value, on es-dividend or es-dlstribution date, Liquidating dividend. eld Called. xd-E dividend.

-dis distribution. sr-Ei rights, irw Without wnrrents. ww With warrants wk-Wrten distributed, I When Issued. nd-Nett day delivery. In bankruptcy or receivership or being reorganlied under the flenkruptcy Act, or securities assumed by such companies.

company in the nation's biggest industry, offers an example of the zig-zag profit patterns that produce contrasting Interpretation. Its earnings in the booming 1960 first quarter of $112.6 million fell to $32 million In the recession-bottom first quarter last year, recovered to $47.4 million in the final quarter last year and rose again to $55.8 million in this year's first quarter. To businessmen, such figures support the argument for lower Federal and local taxes, greater depreciation allowances and better public support for labor-cost restraints. They argue freeing more money at the top will generate Investment that will in turn generate prosperity. Liberals and labor unions, on the other hand, seek government expansionist policies and improved wages to free more money at the bottom to generate buying power that will in turn generate prosperity.

Firestone Shifts Eib To Hopewell Dwight B. Eib, 2916 Mill-boro Cuyahoga Falls, has been appointed manager of 78 76 24 32 8 7 54' 57 53 52 35V 32 6 8' S'4 63' 62'4 15 I4i 9' 71 36 32 82 78 277 26V 46' 371 34' 47 45' 33 33 37 31 4' 3 12' It' 102'l 101' 94 93' 40'i 37W I00'4 100'4 25' 24 33 30 21 21 71 Vi 24 71 1 57'-l 52-l 32 3 5 1 63' 1 14 VI 7 35V3'4 80 27 Vi 46'3' 36 1 45 VI 33 33 4 4 VI 11', 102 93', 38 Vi IOO14 25' 33 1W 21 303 7 7 92 74 65 18 165 6 43 273 353 362 17 11 I4vs warn a pic .50 7Vt Ward Ind 38 Warner Ce lb 78 Warn Lam 1.80 36V War Lam Wl 4314 Warren SO 1 34V wasn Gas 1.37 45V Wast Wat 2 id 33 Waukesha 2 31 War Knit 1 3 Walbllt Cp 11 Ky Coal 97V Pen pf 4 50 8 64 51 18 381 54 60 1 4 90 19 23'4 56 30'. BABEGAIHS 24 170 38' 35' 79' 70 25 34 20' 16' 40 101 Unit 4 1 663 20'4 25 87 Pen ptB4.20 1140 36 Ve Pulp 1.20 84 97i Pulp pf 4,50 190 3V4 Wn Air Lin 1 58 79V Wn Bancorp 1 233 21 Wn Md 28 1' 1 27Vi 39 29 71' 55 Un Mln 34 Unit Shoe .50 71 Unit Shoe pt 1.50 1590 35' 33 A-GRADE STEEL DESK 2 Trillsr Loads All Matching in its monthly letter, current profits average only about 6 per cent This Is dangerously low for a recession-recovery period, It says, and does little to spark boom hopes. NOR will the current trend bring about the $56.5 billion in pre tax earnings estimated as needed to balance the Federal budget in fiscal 1963, the bank says. Profit-erosion, businessmen contend, has eaten into money available for capital expansion.

This means. Chairman Roger Blough of U. S. Steel says, American plants aren't modernizing as fast as foreign Name Miller Old Tribe Vf To New Post ALL REDUCED EXECUTIVE DESKS 40.30 SEUETtmi DESKS 60.30 SINGLE FED. DDIS 45x30 OUR SPRING SPECIAL In New Post At Goodrich Stanley T.

Pender, senior marketing analyst for new products has been named V. a a of BARBERTON Donald B. Miller of 1282 Gardner Norton, has been named su EXECUTIVE DESK 60x30 llMlwra Ti OEI i iii liirr market re 119 search for the TAV and GRAY MN01.KUM or FORMICA TOPS $141.00 competitors, thereby endangering America's past success Goodrich Chem ADD $1.00 FOI FORMICA TOP at using production efficiency 1 1L1 industrial relations for the Firestone Synthetic Fibers Co. plant at Hope to counteract cheaper foreign labor. It also means, says Martin O.E.B.

BASEMENT BUYS Ralph Kline, 69 Manor has been named manager of Federal, State and local tax accounting for Goodrich. Kline joined Goodrich in 1957 as a member of the controller's division. He is a former instructor in accounting at the University of Akron. Joseph M. Culhane, New York district manager for Fram will come to Akron as manager of rubber company sales.

He will supervise sale and distribution of fram filters to the major rubber companies and their petroleum marketer outlets. Richard T. Arnold, previously an industrial products sales representative, has been promoted to manager of tank 3 4 ical Company. Pender has been with Goodrich since 1952. He has served as a market snalvit In pervisor of customer contact at the Babcock Wilcox Co.

plant here. Miller, a Har-risburg, native, joined in 1928. He was In the firm's New York office from 1931 to 1947. He has been a group su well, Va. $59 tXCIUINT CONDITION GF 6x4 CARD FILE 9 Double: Drapers A Grade.

8 Only with lock. From Eib, a native vA I Cleveland and of Parkersburg, hi) Eib Pender statistician business re Miller W. he joined Firestone here as a time study engineer in 1941. He later (SImM DiN Aim if Now) pervisor in the production con STEEL STORAGE trol department, 3250 I tY 1 CABINETS 4 Adj. im served as man Miller is married and the father of two married daugh ters.

ager of industrial relations at Firestone plants In Dcs R. Gainsbrugh, chief economist of the national industrial conference board, that Jobs at home are not being generated. AX AFL-CIO economist in Washington says this whole complaint is based on faulty comparisons. Profits as a percentage of sales may be down, he says, but the flow of spendable cash Is very much higher than before. And profits, he said, are understated because of tax depreciation and other accounting changes that have taken place in' the last decade.

Blough, thrust forward by the steel-price clash with President Kennedy as primary spokesman for profit-squeeze problems, was asked why U. S. Steel did not seek expansion Moines, and Pottstown, Pa. A Soviet Roast! MOSCOW LT) Russia un USED FIREPROOF FILES He returned to Akron In 1956 as manager of wage ad ministration and has recently der the Communists now has 40 times as many scientists been on special assignment In Firestone's factory methods as it did under the Czars, Tass Arnold Culhane Kline On Cottars 1 Hour Fire Trt Shaw Walker. Aa excellent aafa lor protectioa ol tout recordi.

Thfie lilra aril lor 1U5 aaw. and standards department. asserted Friday, The Soviet new agency said there were no 404,000 scientists in the Eib is married and has three search In Akron. He is treasurer of the Chemical Marketing and Economics Division of the American Chemical Society and a member of the American Marketing Association. Keener Going To Parley Goodrich President J.

VV. Keener will join other high level men of business, Industry and banking In Washington Monday and Tuesday for a White House Conference on National Economic Issues. President Kennedy's Advisory Committee on Labor-Management Policy proposed the session, which the President will open and Vice President Johnson will close at a reception. Issues to be taken up Include collective bargaining's children. The family will join him in Hopewell In the near Soviet Union while in Czarist dnfactbiAUWiMMaaiaM ii Russia there were only 10,000.

future. NEW STEEL DESKS STURDY DESK WITH LOCK Speaking of Money 40x24 (SHOWN) $48 s68 lining, roll and dock fender sales for Goodyear Tire. He joined Goodyear in 1950 following his graduation from Tufts University. i Promotions at General Tire Include those of Laurence. Scott from technical coordinator at Textileather Division In Toledo to manager of the division, and Jtlerritt H.

Jones to the position of Ashtabula Plant Controller. Walter ef. Sutherland has been appointed project engineer for plant modernization and equipment layout by the Faultless Rubber Co. of Ashland. He formerly was plant engineer at the Goodrich Los Angeles tire plant.

Arthur Soares, manager of the northern division of Goodyear Brazil, is the new manager of replacement sales for the Brazil facility of Goodyear International Corp. Morris H. Wansky, from 1947 to 1957 president of the Aluminum Seating Corp. here, has peen named vice president of the Globe-Wernlcke Co. of Cincinnati, a subsidiary of Globe-Wernicke Industries, Toledo.

Aluminum Seating was acquired by Globe In 1957. Wansky formerly was president four years of Brittain Sales Cuyahoga Falls. Charles T. Smith has been named managing director of Firestone in Singapore, succeeding D. S.

Clutter who 54x24 DOUBLE PAD 78 60x30 DOUBLE PAD A BILLION DOLLARS role in industrial peace, eco nomic growth and its relation to sound wage-price policies, SUPPLY SPECIALS mm Dave Albright President. Akron automation's benefits and FORMICA TOPS TAV OR GRAY I USED 4 DRAWER LETTER FILES Savings I-oao Totlav let's have some Let's cucss problems and policies leading to a competitive America in world competition. M.45 M.49 3 MANILA FILE fOCDEM Ml tOO LETTEI SITE INDEX I SET I PENCIL SMAIIENEI WALL TYPE i STANOAID VA ADD 0tLS I DOZEN STANDAID STAPLES how much or how big a billion dollars is. Years ago, Ihe term "one billion dol AIT METAL MEED Neighbor lars would alert every man, woman AU On FM Air In Fall each '69 .000 fiUAUTT (5000) Workshop9 and clu'ld from here to the border. But today, the words have become sound i deadened.

We toss the phrase about like it was almost nothinir at all. And not hours a day. Since the work is hard, we'll give you a ten-minute break every hour. Could you give away a billion dollars? At the rate of $20 every minute, not counting that 10-minute break, vou can get rid of $1,000 an hour and $12,000 a day. In a year, you can give away $4 million 380 thousand.

Not very good is it? Let's look ahead. In ten years youU unload nearly 44 million. But to get rid of your one billion dollars it will take you 220 years! To be finishing the job right now means that you should have fj started back in the year 1733 or 43 years before the American Revolution. And i 4-DRAWER STEEL A "Neighborhood Work-ahon" to helD Akronites dis equipment to operate the station, which will broadcast from Kolbe Hall on frequency of 88.1 megacycles. Akron directors have authorized expenditure of for equipping the station.

LETTER FILES only "one Billion" but 20, 40 or even I 50 billion phrases. Yet a billion dollars is so much monevv placed by urban renewal, ex Akron University Programs (AUP) will begin on station WAUP-FM In September. Those are the call letters which the Federal Communications Commission has assigned to Akron Us educational FM radio station. Bids will be taken soon on pressway construction ana community development will Ball BeaHnf llollm. Alumii am 14 drea, Tan mt that if you re more than 40 years old, within your memory we used to run this whole country on just 40 of them.

The cold war ran up the national budcet so rapidlv that about the time Mr. Eisen- be held Thursday at p. m. at the Community Service Center and Urban League, 250 Market st. NO IIAHK for UKLIVfcHY fajayaawewsya) a v.ii.Vti tkt, ax.4 The program, sponsored by you couldn't have done it because there wasn't one billion in money on the whole American continent then.

Now, look at this one billion from an 2-DRAWER HOW AVAIUILl FOI 'UlCHaSE OHIO RESIDENTS the Service Center lour area councils, will include an ad-dross hv William Hamilton, 'NtSI LETTER FILE hower was President, it took forty bil- lion just for the National Defense i budget. Then we had to have 30 more ij, to run the rest of the nation's business. The government is not the only one big 5 cnouch to think in terms of billions. A past president of the Ohio State Association of Real Estate Brokers, and three In With Ijn-k "ENERGY IS" Dera Deak High iu formal discussions. The meet ing is open to the public.

FUND other angle, namelv sideways. If you had one billion dollars in $10 bills, the stack would reach 5.7 miles into the sky. 5 And, if you change that into $100 bills, you have 3 stacks, each of them twice as high vas the Washington monument. If that doesn't give you a good picture of one billion, let's go back to govern- inent. This vear the national budget 3 small number of private businesses deal billions too.

When you say "a billion dollar company" you often are referring to a billion dollars worth of assets. There are a considerable number of companies fflvP They're Oli Al structoglas Tie It. 1 lnlic 'Met 1 COMPLETE LEASE DEPT. FROM 1 I 1 PIECE TO A COMPLETE OFFICE Office Equipment 1 1 that can count up a billion worth in plants, property, land, trucks, and other assets. When you consider telephone companies, railroads, and utilities with their miles of wire, rail and land, you 1 1 can see there could be quite a few of thesr.

But when you talk alxnit a coni- pany which does a billion dollars in sales i a year, then you're talking alvout a really large And if you re talking about a company that makes a billion i dollars profit, there is no such company II NEW 10W ilKUt Shorteroreef (iberflas reinlorced-ress melded in avolity, dependability artel ecanemy New vn-eenditienelly guaranteed 'Uegiater-d-Mede fram "liawid flexalat" Aerylie resin 100 trrenger-laiti three times longer Premium ponelt at itandard prices rial, corrugated and 2" stepdown re-cvt panel All fram aur local wereheuie Hacks INDUSTHIAL COMMFRCML SCHOOLS Hf MDKNTIAL f.RI tNHOl'StS rURNN A mutual fund investing (or growth possibilities in Contmunicaticfls Atomic Energy DaPiDKSins Missiles Space Utilities ind other activities related to the energy fields, no coMWiiuoM ei scums tmtt Shares offered and redeemed at net asset value. Send for Free Prospectus. Dept.0 Distrvter lilM E. JIWJEL I CO. Maptera Ness Tort Stark tsrnanea 1 areatfwae, T.

SI SKK will be in the neighborhood of 93 billion, lf every man, woman and child sent $503.13 to Washington, we'd raise the money. Now the national dekt is something else again. That's 300 billion. To pay that off in equal shares, each one of us would have to pay $4,000 to the national government! Perhaps that will tell you nest of all, just how big one billion dollars really is. There isn't one billionaire among the thousands of Akron Savings Deposilois.

But you'd be surprised how many thousandaires there are. You can be one, too. Start now. Make regular deposits and youU be surprised now soon youll join our thousandaires. Adv.

Bureau tiitlay. Tuesday, May; 22 APPRECIATION DAY FREE ADMISSION TO GRANDSTAND AREA SEE ID IH SPOBTS ilCIIOi I To get a picture of a billion dollars Today lor lull Urtails and Free Estimated INDUSTRIAL rum i cuss. inc. most men nave to rciaie 10 uichimjivo. 1 Let's say we stand in the center of tow handing out money to those who pass 5 by at the rate of $20 a minute for 12 HQ S.

HIGH ST. HE-4-8183 PARK FREE ACROSS STREET HE 4 3115 691 ft MAIN ST. "It's Smart to Bay the Finer! a a al.ei.