The Columbus Telegram from Columbus, Nebraska • Page 5

BUSINESS widths STOCK MARKET ty BABSON'S REPORTS Shigley joins Business indicators strengthen Becher-Curry WITH THE SPIRIT OF EXPLORATION in mind, eight executives from First National Bank TrustvCompany, toured. Loup Power District's Columbus guided by plant operator Bob began wilh ihe explanation of (he maze of switches, dials-and gauges 'which comprise the control room. The bankers had opportunity to inspect the inside'of a generator.torn down for repair and the inside of a penstock, one of-three-massive pipes which-carry canal Into Nyffeler explains operational'details to George.Prochaska, Jim Bator and Jack Hotmquisr. Also in the group were John Peck, Charles Attiey, W. L.

Boettcher, Harvey Loseke and Julian Meyer AH groups and individuals are welcome, to. visit (he plant, Nebraska's largest hydroelectric plant. Simmons takes Hqjbrjjostwith Morton-Norwich resident John Simmons, vice president and i ope ice of Dickinson and Company since 19.50, resigned those posts to become i chief execulive officer and a director of Morton-Norwich Producls, Announcement was made in Chicago by Daniel Pelerkin Mo ton N.o wi ch board chairman. Simmons; had also been committee, a -member of the board of directors, and a member i a committee. During the-12-year period (hat he was chief'opefating officer of Becton-Dickinson, its sales grew from S40 million to $28!) million and operating earnings million to $20 million'.

He crealed a organized B-D's current profit center- structure of. 'individual division and including the establishment of corporate, slaff.departments. B-D is. a manufacturer of medical, surgical and health care products with 74 facilities 1 In 16 countries. Associated with B-D since 1946, was -a field salesman, customer i a i assistant of pharmaceutical sales of Becton-Dickinson Nebraska arid president'oMVilson Rubber Cantoni'Ohio, divisions of graduate, of Kent -School, Williams College, and Advanced Management Program at Harvard Business He 'is a veteran of World War II.

and. Mrs. i parents of four children, now live at Franklin Lakes. N.Y., and have, a summer home at East Hampton, N. J.

They intend lo.relocate in the Chicago area. THE inancici TELEGRAM e- Friday, Nov. 16, 1972 The Telegram -'5 Columbus, Nebraska notes Elden D. Mueller attended an advance sales seminar at the Connecticut a Life Insurance Company's office in Hartford, Conn. Mueller is associated with the Donald P.

Reffert Agency in Lincoln. The seminar covered the latest developments affecting lax and planning principles related to the use of life insurance and annuities in plans of business protection, pension programs and estate planning. General Telephone Company of the Midwest, Columbus, has to Ihe Nebraska State Railway i i authority to issue and "set! securities and related mailers. Applicant seeks authority 'to issue of common slock at $25 per share. lo General Telephone electronics Corporation.

All persons interested in Ihe application are advised that protests must be filed on or before Dec. 11. If a formal, hearing is necessary lo dispose of the mailer, interested persons will be notified of time and place. Fortune Management Corp. of Omaha announced organization of a venture capital partnership to include inyeslments i banking, industrial enterprises a recreational-resort land outside of the U.S.

Certain Nebraska residents will be invited to join the group as limited partners under (he name of the Partnership Ltd. wilh offices at 510 Farm Credit i i Omaha. Offices will also be established in other Nebraska cities. Howard L. Morion and Frank Woods Petersen are principal officers of the Fortune Management Corp.

Intercity truck tonnage higher than 1971 pace WASHINGTON' Intercity I ruck tonnage handled through terminals in 35 metropolitan areas throughout the country, in the week ended Nov. 4, was 2.5 per cent above the volume in the previous week of this year. Truck tonnage was 10.4 per cent above the volume in the corresponding week of 1971. The weekly' index of truck tonnage for the week ended Nov. was 125 as compared with 122 for Ihe preceding week of this year.

The index was 112 for the corresponding week of 1971. Index numbers are computed from week-io-week findings of percentage change, and all dala area seasonally unadjusted. The weekly level of tonnage hauled during the year 1967 is taken as 100. These findings are based on a survey of 35 metropolitan areas by the ATA Department of Research and Transport Economics. report reflects tonnage hauled at some 400 truck terminals of Class I and II motor common carriers of general i throughout the country.

The terminal survey for last week showed 25 metropolitan areas registered increases while 10 metropolitan areas showed drops in tonnage as compared to the immediately i week. Compared to the 1971 level, 27 metropolitan areas had rises in tonnage, i metropolitan areas registered decreases. Future Of Rubber Industry Most of Ihe oulstilnding lire companies experienced- an en- couraging rebound in'sales a'nc! earnings during 1971, and a this uptrend has been seen thus far in the current year. Looking across the thres- hold into 1973, the- Research Department of a Reports expects still another period of good business for the rubber industry. a number, of com- pelling reasons for ihis op- timism.

One factor is the heartening outlook for the aulo- mobile market next -year, with the probability of another record for car antl truck production. More cars on the road mean heightened sales of tires, not only for vehicles just turned Out but for those older models, re- quiring stringent state inspections also result in increased tire sales. Demand for i margined a higher-priced tires is on the upward track, due at least in part to the safety- oriented' of today's consumers. In addition; there are the'natural-repercussions of the greatly improved economic climate. Runaway Expenses A few years ago lire makers the high costs of changing over to production of were temporarily 'by these heavy outlays, the companies involved knew they-were going to reap the rewards later on from this.

pacesetter. And this has Some fear that another costly change- over is on the way to establish facilities for producing radial We do not, however, ant- icipate such need. Rather, we expect that the'alteration will be gradual. Thus radial tires are featured as standard equipment only -on certain luxury-model cars. They are, in fact, largely restricted 'to the i a equipment category.

The bias- ply construction is the standard tire turned out by companies today and used by the auto manufacturers. This type is getting the bulk of the new and a fair part, of the replacement markets. phase-in of radials will, in our opinion, take time, depending more on the eventual desires of the auto manufacturers than on the rubber firms. Investment Changes Coming Even the favorable financial results of this year and last have not brought about com- parable strength in the equities of tire companies. This is due to a number- of unanswered quest- ions, bothering of these is the aforementioned fear of.

heavy-expense in change-over to radial-ply tire production, a possibility ire find over-stressed a we nave indicated. Other concerns include effects of long- wearing tires on replacement markets, thp cost factor of-tire recalls and mandaled tire registry, and the likelihood of increased labor costs when present i agreements expire next year and are replaced.by. more ex- pensive, provisions. a a a finds these problems less menacing than some investors do. As earn nigs and sales gains continue, we anticipate a.

healthier uptrend for the. slocks of major tire firms. the longer-wearing lires should not hurt the future of Ihij Industry since the In- creasing mileage, horsepower, and speed ofjoday's cars are resulting in heavier tire wear. And the tougher safety re- gulations are forcing more re- placement sales. The net effect should, in-fact, be lo the benefit of the tire companies.

Tire Stock Prospects Among the tire fabricator stocks supervised by Babson's Reports, retention is e- commended for the common issues of Goodyear, Goodrich, General, and Armstrong. For tltose interested in taking on representation in the rubber industry, we recommend pur- chase of the common stocks of Firestone and Uniroyal for capital appreciation. Both these firms are leaders in the prod- uction of tires, and should re- flect the expected improvement in this field. --Telegram Dkk Hov.c TOP AWARD Stevo Bsiriger (right), manager of tha Ward's store in Columbus, learned that lie was the Dist. operating manager of the month for August.

Above, he receives a 1 plaque from store manager L.B. Wortrnan, The-area includes stores from Canada to Mexico and from Wyoming to and competition is based on control of operating functions, profit and sales increases, and such. Beiriger transferred to Co.lumbus late last Ron For prompt courteous and experienced service on all makes Major Appliances Refrigeration Calf 564-8861 After Hours 564-7715 Furniture Carpet Appliances COMPLETE FINANCING GORDON SPECHT Credifel Corporation 2314 13th St. Box-98J Phone 5M-3M9 Need Some Money? Just clip and fill in Ihe form below and send it to me, 1 can halp you out. Name: Phone: Address: Amount Needed: Denver was founded after prospectors located gold in the area during the Pike's Peak gold rush of 1833.

When Does Equal (When You Buy A Municipal Bond Yielding And You Are In Tax Bracket). For Information Call Or See DICK SCHERMER Edward D. Jones Company For Complete Investment Service Established 1871 Member New York Stock Exchange Open 8:30 to 1:30 After 3:30 Call For Appointment 2712 13th COLUMBUS, NEBRASKA Phona Natural gas deposits in the United States were reported as early as 1626. Orville Shigley has joined the insurance department of the Company, President W.A. Curry announced Ipday; He will be assisting Vice Presidents William Schneider and William L.

Redraw in a i all lines of insurance, and will specialize in commercial and i insurance. President Curry said the addition of Shigley' is in line wilh the continued rapid growth of the insurance department, anlicipatcd future development, and Ihe company's commitment lo community services. Shigley Has- a Bachelor ol Science degree in i a i i a i from University of Nebraska, and was Ihcn associated with I Hartford Insurance Group in the sales a i i departments in Chicago and Omaha. He has spent the past two and a half years wilh an agency in Davenport, Iowa. Orville and his wife, Sharla, havd Iwp.children: Veronica, 4, and Christopher, 1.

Although Ihe Shigleys are new to this area they are native Nebraskans, both being reared in Nebraska City. The family will reside at 1504 10th slreei. LINCOLN, Neb. (AP) Ne- braska's business Indicators slrenglhoned in August after slumping in July, according to Business in publication of the University of Nebraska-Lincoln's Bureau of Business Research. Except for the sharp drop in April and a somewhat less pro- nounced drop in July, tire Ne- braska business (rend Ihis year lias beeii consistently upward, Ihe publication said.

A part of Ihe dollar volume growth of 10.9 per cent for the first eight months in 1072 is the resull of inflation, but real ac- llvity -also, increased nificantly, as indicated by a per cent gain in the physicnlg volume index over the same riod last year. i Hclail trade in Nebraska dur-1 ing August gained 15.3 per cent! over Ihe same month last Consumer prices, were mined lo be 2.0 per cent higher! than in August of 1971, while wholesale prices were up 4.4 per cent. Nearly two of every five West Virginians, nre less than 21 years old, according to'Ccrisus Bureau Far All Kinds Of Dirt Work, Sand Land Fill, Call LARRY GRUBAUGH Phona 5M-02n--Columbus LIF? INSURANCE Savings Plans Retirement Educational Fundi Mortgaga Plans Disability Income Delbirt E. Wagner, C.L.U. 1153 air Avtoue Coivmbui, NebrajVt UK) Phcni MODERN WOODMEN OF AMERICA FATHER OF THE BR1 FURNACE MAKING FUNNY NOISES GLORIA NEEDS BRACES TAX BITE BIGGER THAN EVER LOTS Of LITTLE BILLS THAT ADO UP THIS SPACE THE ARRIVAL Of TWINS HOW CAN 1 SEND HAROLD TO COLLEGE? SHRINK WORRY LINES WITHOUT SURGERY let's face Almost everybody worries.

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