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The News Journal from Wilmington, Delaware • Page 49

Publication:
The News Journali
Location:
Wilmington, Delaware
Issue Date:
Page:
49
Extracted Article Text (OCR)

4 I 1 Thursday, April 23, 1964 49 Evening Journal, Wilmington, Del. Business Notebook PRR to Up Car Repair Activities Dover Utility Co. Sales at Record Waterworks Sales at Peak in the first quarter of Official Says Shops earned 1963. By EUGENE KNOBLAUCH Staff Business Writer Record sales and earnings in 1963 have been reported by Here to Be Busy A Pennsylvania Railroad offi cial said today the road's "ac JEFFERSON F. POOL, a past president of the Delaware Utilities Chesapeake Dover.

Underwriters Association rpWafpH" rar rpnair nnH im and the General Agents and provement program should keep Consolidated operating rev Managers Association, was hon ored by his associates yester its Wilmington Shops busy for some time to come." enues increased to i i Aii aay at luneneon on ins win In remarks at a luncheon anniversary witn tne iNortnwest. meeting of the Financial Ana. -i- Jpif -aAAaA aaV: a rXX-'X' iiii liiliiiiiiii a a aa aS a aA; 'At 'a XX XX.i, i A.A; AA. A AA A'': AAA AAaAAAAAAAAA A A A AA i A A A. i A AAA iiAAAA AA AAA, A A A A': i' A'': A iA A AAAAAAA-ir a AAA aaaa AA a mM a a Aa a a a a aaa ii; i A Si A A A A A A A A A A A AiASS AA Ai lAA- J.

A AA; AvV A A AAA X'X. General Waterworks which owns four companies serving Delaware, yesterday reported new highs in sales and net earnings in 1963. Net income for the year was listed at $7,507,933, more than double the net of any previous year, and equal to $4.39 a share. This compared with net income of $3,436,044 in 1962, or $1.59 a share. General's utility income last year increased 13 per cent to $4,519,646, water services' 13 per cent to $3,518,635, telephone services' up 10 per cent to $1,001,011, and industrial operating income rose to $958,993, up 50 per cent.

The operations of General Waterworks, based in Philadelphia, also includes two in nearby Maryland and one in nearby Pennsylvania. Area subsidiaries are: Delaware Wilmington Suburban Water Arden Water Delaware Water Corp. and New Castle Water Maryland Holly Hall Terrace Utilities a water company near Elkton, and Holly Hall Terrace Sanitary a sewage disposal activity in the same area; Pennsylvania Octoraro Water which serves an area extending from south of Lancaster to Downingtown. in 1963, up 9.7 per cent from the 1962 figure of $3,098,562. Sales of natural gas Increased to 4.9 billion cubic feet in 1963, compared with 4.4 billion cubic feet in 1962.

Net income for 1963 was ern mutual mie insurance uo. ysts of Wilmington David C. Pool a member of the Dela- Bevani chairman of Pennsy's ware Life Insurance and Trust finance committee, said the rail-Council, lives at 1902 Baynard road last year handled 30 Blvd. carloads of freight for Wilming ton and 79,000 for the Delmarva PAUL WING manager of area $273,444, or 72 cents per share on 389,008 shares outstanding, an increase of 10.7 per cent over the $246,884 or 65 cents per engineering, Mason-Neilan division of the Worthington will speak Tuesday on "Accuracy in Control Valve Sizing," to the Wilmington section, Instrument Society of America, in the Con-estoga Room, Du Pont Country Club. In addition, he said the railroad made purchases totaling $374,000 from Wilmington businesses and employed 1,849 local residents on a payroll worth slightly less than $13 million.

He said purchases from businesses here were up from share in 1962 on the same num ber of shares adjusted for a six-for-five stock split on last Sept. 16. 6:30 and the 000 in 1962 but did not eive com Dinner is at meeting at 8. Water Utility Given Bond Issue Approval ACCORDING to the report of David B. Sharp vice presi parative figures for the other categories.

He cited full trainload deliveries of coal to Delaware Power Light Co. as an example of new railroad merchandising Kennett Slates Industry Fair From the Dover Bureau I at an interest rate of 5V per DOVER The Artesian Water cent. dent and secretary of the company, unaudited figures for the three month quarter ended March 31, show continued improvement. For the first quarter of this "an Co. received approval of the techniques that figure in aggressive drive for business." State Public Service Commis- State Police Probing Hartly Tool Theft Full train shipments are car- sion yesterday in the issuance ried as lower average rates.

of in long-range The Kennett Square Chamber of Commerce is arranging an Industrial Fair for manufacturers of the area May 22-23 in the year Consolidated revenues ac ih I finance bonds. counted for $983,843 compared with $913,861 in the same period DOVER Tools valued at American Legion Building, Ken The utility, which operates in $200 were reported stolen from the New Castle County areaja shed at the rear of the home Atomic Cultivation nett Square. There will be 22 exhibit booths The U.S. Patent Office issued plans an improvement Arthur Saatman, 57, of near the first patent for an atomic- gram, including the extension Hartly, state police reported to- a year earlier, an increase of 7.6 per cent. Unaudited Consolidated net income for the three months was $125,176, or 33 cents per share, an increase of 27 per cent over the $98,425 or 26 cents of mains and service into new day.

of business and industry to acquaint visitors with the operations and products or services of business and industrial firms in the area. Police said the theft apparent- developed areas. The mortgage orea liower in 1956. A carnation, exposed to atomic rays, changed from a white flower with red spots to pure white. Staff Photos by Robert Walker bonds will be purchased byily occurred sometime Tuesday Penn Mutual Life Insurance Co.

night. A Family A Hair PRESCRIPTIONS DISCOUNTED 19 manager oi tne uu ront io. exhibit at the fair. The Sly's sons are John (left) and Warren. At yesterdays' opening of the New York World's Fair is the family of Mr.

and Mrs. John E. Sly, 704 Princeton Road, Westover Hills. Sly DELIVERY NOW YOUR DRUG NEEDS ARE AS NEAR AS YOUR PHONE CALL OL 6-4524 PO 4-6940 5th Mkt. Sts.

Mdse. Mart Of YOUR PRMCWIPTION HlADQUAWTEWt J) Milford Industries Get $1.7 Million Loans TT0I1G7 RT! 113 si lWliM FACIAL LZL 1 PlrtrnF950 -V QUALITY SOFT, Absorbent PKG. Or Z5U Vfc. loan to cover 100 knitting machines and a building to accommodate them. The commission cut the request to 50 machines, pending able to supply the facilities for them.

They told us that was true." The loan approved yesterday for Dependable Electronics was an initial grant, subject to in From the Dover Bureau DOVER Bond loans totaling $1.7 million for new industries planning to settle in Milford will be backed by the Delaware Industrial Building Commission. proof of a successful operation but approved the original re crease when the firm relocates The group yesterday agreed to the request for state credit asked by the Greater Milford Area Development which is seeking new industries for MATCHES uuuu SERVICE 1 FLOWING Kj "i I 1 1 quest on the building's size. The commission said they would have no objection to Skierski's financing the purchase of an additional 50 machines himself. Ernest S. Wilson commission counsel, noted that the request of $1.6 million included a loan of $900,000 for equipment.

the area. in Milford. The second part of the loan, between $350,000 and $400,000, in addition to the will come before the commission again when the firm seeks to build new quarters in Milford. Temporarily, the company will locate its offices in Dover. Headed by President Fred M.

Harvey, it sought the initial The bulk of the bond money, $1.6 million, will go to the Del aware Knitting Mills, a subsidiary of the Morton Ho ADVOCATES OF the plant's locating in Milford pointed out, loan for production equipment. XJcMnn Forge "ryrrm, Washington Forge however, that, when operable, it would have a total value of CTAIkll CCC CTCCI 2 Schools Pick more than $2 million. TABLEWARE A letter of intent was issued rr siery of Runnemede, N.J. The other $100,000 will be held as an "emergency measure" for Dependable Electronics a new electronics manufacturer which will produce a new form of electronic relay system. THE HOSIERY company's application was modified somewhat as approved by the commission.

The company, owned by Hen SISTS SCRATCHES NEVEI by the commission to Skierski, indicating its action on his loan Relit Eitily en Ctstort NEEDS FOUSHINO SET CONSISTS OF 6 FORKS 6 KNIVES 6 SOUP SPOONS 6 TEA SPOONS Durable Lightwi't Slt.l application. One of the questions raised CMiognphcd Flowing Wheat Oeuflii SUN REX FRUIT FLAVORED SUN REX PROFESSIONAL HAIR 400 NEEDLE SEAMLESS (. $7.50 Evrydy it Sm by was Skierski's age. Commission Chairman Robert H. Reed asked 1 1 i.

1 1 1 tii 1 SPRAY WITH LANOLIN CIIEWADLE Delegations Lewes and Millsboro High Schools have selected delegates to Boys State, June 14-18, and Girls State, June 22-26 in Dover. In Millsboro, Donald West and Richard Carter were named delegates, with Ray Bunting and Bryce Collins as alternates. The girl delegates will be Diane Milford representatives if they HYL6HS realized that Skierski was near ry Skierski, originally sought a retirement age. and what his VITAMINS FOR CHILDREN AA A I0TTIES 0' HI UU WITH HEEL, TOE AND FULL WELT PAIR GARDEN NEEDS! HOUSEHOLD NEEDS! GmraatMd to Bloom This Yoar SCULPTURED PLASTIC Neilan Calls War Bonus Deserved crystal Mr err Mitchell and Susan Klotz, with Linda Lee Baker and Karen CUT mm DASKET kill 2-YEAR oJSown ROSE BUSHES Varw'iM oQ9C ch one retirement might mean to Milford and the future of the plant. Milford resident Harvey G.

Marvel said, "Milford is willing to accept the risk and challenge, in the interests of promoting its economy and keeping its young people in the city." "MILFORD," HE SAID "has contacted more industries in the past year, trying to convince them to locate in or near the city, than all other towns in Delaware combined." "The Metalcraft plant In 99" Beth Baker as alternates. The Lewes boy representatives PONT CELLULOSE rrr will be Walter C. Hopkins and GUARANTEED BEAUTY SCENE CRASS James W. Roy with William U.S. Chamber of Commerce President Edwin P.

Neilan says he sees "nothing to be ashamed SAV MOR ASPIRIN TABLETS 'Squeeze Easy" SPONGE MOP T. Sing Jr. and R. David Yost Dr. WEST'S MIRACLE TUFT TOOTH CRUSHES FAB HEAVY DUTY FORMULA DETERGENT WASHES WHITER MX GRASS SEED of" in his having accepting a as alternates.

Attending uiris State will be Margaret Rowland AJAX FOAMING CLEANSER 2-25' 48" HANDLE 99' World War II veterans bonus. Neilan, president and chair 4-LB. DAG and Elva A. Hazzard, with Pa-! Milford tricia A. Brittingham and Mary Smvrna would be in 11 BOTTLE OF 100 2R1 if we had been 1 Bust, alternates.

i REG. SIZE BOX now," he said, WASHABLE COTTON man of Bank of Delaware, was answering Rep. Wright Patman, chairman of ihe House 3' LONG SECTION WHITE PICKET EACH liLtlinEA Line Banking and Currency Commit FENCE MAMMOUTH STYPTIC tee, who two weeks ago attacked Neilan for opposing veterans' Each EYE. CI PARIS LIPSTICK 8 2 3e LONG PENCIL STOPS BLEEDING FROM SMALL CUTS ASST, SHAK1 Section benefits after having accepted Radio WNRK Aims For May 15 Debut a bonus. 4-X40" ALUMINUM EDGING The Wilmington banker had 44-QT.

SIZE Unbreakable Poly WASTE Alberto V00 HAM SPRAY WILSON Household RUBBER GLOVES RUBBER GLOVES been unavailable here for com LAWN xJrJJ UU ment until yesterday. NON RUSTING SAFETY EDTEO DASKET NEILAN acknowledged he re- aosEt COKHUGA- J225 state bonus 14 ASST. $9 7I0NS F0 WNRK radio station, Newark, is shooting for a May 15 debut on the air. William S. Cook, vice presi Z7 f3 AWAY 1 FOAMING HAIR MSTS wore men COLORS I years ago.

He said he felt "entitled to it" because of 39 months STRENGTH dent, said today this is not a nf sprvice in the U.S. Naval Re Ii I BATH OIL 1 fX or irtlr 'WTa mwRANce nir 71 Tr I firm date. The towers and ground system for the 500 watt independent AM station are ready at the facility on Waltner 50-FT. LONG SOFT GREEN VINYL GARDEN HOSE WBRA3S COUPLINGS 1 SOFT PLASTIC rMantilla Road three miles southeast of 100 All Nylon quate air time. Every Sunday at 12:30 p.m., the Newark Schools on Parade program of the Newark Special School District will carry interviews with educational leaders, broadcasts of performances by music and dramatic groups in the district and other features.

There will be three University of Delaware programs. One will be a morning Farm and Home Hour. There will be a five-minute university newscast daily at 12:10 p.m. and, in the fall, a program prepared by the drama and speech department which win have a variety of programs. The daylight hours station will broadcast on 1260 kilocycles, i Clubbing Alcohol as Nylon Lace SHOWER Newark and equipment i3 being installed.

STRETCH HEAD BAUDS CAP WIND BONNET serve on active duty during the W8T. Neilan said he opposed the bonus, but when it was approved by the Legislature he "saw no reason not to accept it since we were paying for it by our taxes anyway." Commenting on a reference Patman made about his service being limited to Philadelphia Navy Yard, he said his assignments were given to him and he had no way of influencing where he was stationed. Cook said the station will have heavy Newark news and with irr nvcr 1AAV IUx "tiA ASST. COLORS ASST. COLORS 1 uv BiwrprooT 17 5 for events emphasis, a balanced music format, avoiding the ex 2U1 $1.00 PINT tremes of rock-and-roll and EA.

heavy classical for a so-called 5T" MARKET STREETS ftlERCHANDISS VI ART "adult music policy, and give the educational systems ade.

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Years Available:
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