Fort Lauderdale News from Fort Lauderdale, Florida • 15

FORT LAUDERDALE XEWS. FriJay, Nov. 15. 1963 15A I I Rush Button Phone Service Started Pioneer Attack Lacks Strength The two Pennsylvania cities were chosen for introduction of the service because the area was one of two where push buttons underwent extensive market trials beginning in 1960. The other area was Findlay, Ohio.

An spokesman said that the service will be extended to a number of other, unidentified states within a short time. Western Electric, the Bell System manufacturing arm, has planned to turn out 40,000 to 45,000 touch tone phones three rows of three buttons and the tenth, operator button, centered underneath. The subscribers' area code and own number will appear on a horizontal plaque below all the buttons. Each button carries both number and letter designations identical to those on the conventional dial. The main advantage of the new system is speed, ease and convenience of operations.

The company estimated that a seven-digit number takes an average of 10 seconds to dial. The same number can be tapped out on buttons in 2 to 5 seconds. When a button is tapped two simultaneous musical tones are generated and flashed to the central office. The tones can be heard on the receiver and are similar to those heard when making some long distance calls. The tones differ from the pulses sent out by today's dial.

The Associated Press NEW YORK The American Telephone and Telegraph Co. will begin offering push button telephones to customers Monday as a regular service. Only residents of Carnegie and Greensburg in western Pennsylvania will be offered the service at first. They will pay an extra charge of $5 for installation of the new telephone and $1.50 a month for each line into the house. Push button telephoning, officially known as touch tone dialing, has been called the biggest change in telephones since the 1920s when conversion to the customary dial began.

said that the new service is expected to be generally available throughout the Bell System in 10 years or so. Gradual introduction of push button telephones is necessary because extensive modifications of central office equipment must be made beforehand. by the end of the year. The company has estimated the number produced by 1967 may be as high as 1.5 million. The new telephones will come in all standard models and in a full range of colors.

The wall instrument, however, has been redesigned and is more compact than the current wall 'Lot Of Building the Gadsden office, with 60 employes, was at stake, as he claimed the office would ba moved from there to Dallas. John P. Walker, vice president and administration counsel for American, said in a recent interview here that the regional office of Pioneer would be maintained in Ft. Lauderdale if the merger is concluded. He also hinted that a new building here might be considered.

Under the arrangement for the merger four Pioneer officers and directors would serve on the board of American, including R. H. Gore chairman of the board of Pioneer; Claude M. Elrod, president of Pioneer and A. C.

Michaels and W. Bew White, Pioneer board members. FEWER, 87. DIES SLIDELL, La. Charles E.

Fenner, one of the cofounders of the brokerage firm which later became Merrill, Lynch, Pierce, Fenner and Smith, died unexpectedly at his country home here. Fenner, a noted New Orleans and business leader for decades, was 87. Official sources said Friday there is not enough opposition to defeat a plan to block the merger of the Pioneer Home Owners Life Insurance of Gadsden, and Ft. Lauderdale, and the American Life Insurance of Alabama. Mitchel Lewis, Gadsden, a regional manager for Pioneer Home Owners Life Insurance had been named chairman of a group of stockholders in Alabama opposing the merger plan of Pioneer and the American Life Insurance of Birmingham and Dallas, Texas.

Directors of both Pioneer and American have voted unanimously for the merger that would result in consolidation with several companies controlled by Troy V. Post of Dallas, through the Great-America Corp. Stockholders of both companies will vote on the action of their boards with the stock arrangement being on a basis of two and one-half shares of Pioneer for one share of American. Lewis, quoted in the Gadsden (Ala.) Times, said that New Plant Started Gain In Plastic Pipe Lines Seen Europe Seen On Upgrade model. The new telephone will have 10 push buttons arranged in Todmfs Viewpoint WASHINGTON Unemployment can reflect the desire to work but inability to find a job.

It can also reflect the ability to work but lack of great desire for a job. Present employment surveys by the Department of Labor don't show the difference. The average unemployment rate is 4.8 per cent. That Is for all the jobless. Teen-aged boys have a 13.1 per cent rate; teen-aged girls 12.7 per cent.

Married women have a 6.4 per cent rate. Single men over 20 have an 8.8 per cent rate. It is possible that some teen-agers, though seeking work, show no great desire for it because they are living at home with their parents. It is possible that some married women are very choosy about the type of work they will accept so long as their husbands are supporting them. These surmises are suggested by the fact that among the group clearly with the greatest incentive to work, married men not separated from their wives, the unemployment rate is 2.3 per cent, less than half the average.

Actual rate. (Seasonal rate is 5.6 per cent.) From the Chamber of Commerce of the United States acceptance of plastic pipe for plumbing uses in commercial and residential construction is inevitable. He said plastic pipe also is gradually extending into other industries like food processing, industrial chemicals, electrical and fuel distribution. The Plastex president spoke at the ceremonies for the firm's 50,000 square foot extrusion plant scheduled to open early in 1964. When operative, the plant will double the capacity for irrigation and construction pipe over the present leased facility in Pompano Beach.

71 The Golden Decade for plastic pipe will begin in 1970 and during it sales will surpass $1 billion annually, a leading producer of the product predicted at Pompano Beach Thursday at the ground breaking of a new extrusion plant. Richard S. Zimmerman, president of the Plastex Co. at Pompano and at Columbus, Ohio, and a pioneer plastic pipe producer, said technological developments and local building code approval of plastic pipe will spark the growth." By 1970. the industry's output of pipe will reach $250, 000,000 four times today's total, he said.

While 60 per cent of America's current water supply comes from underground sources, he said, in 15 years it will be 85 per cent and he predicted plastic pipe will be a significant factor in this expansion. Zimmerman also said rapid We have been exposing the phoney methods the government has been using in reaching its figures on "unemployed." Add this to your collection'. JIM ROSEMOXD, News Business Editor Northeast Will Handle Nearly 14,000 Weekly We are pleased to announce that the following Account Executives are now associated with our Fort Lauderdale Office C. EDWARD MEEHAN III RICHARD C. PERRY PAUL W.

REDLINE Walston Irvc. 1 FORT LAUDERDALE 2511 E. Sunrise Blvd. Phone LOgan 6-7601 Founded in iTTa TH consecutive Surplus money for capital investment and a progressively expanding economy in Europe, the Balkan Peninsula and Italy were reported by 0. H.

Frisbie, president of Atlas-Van Lines, Inc. Heading up the 16th annual convention of the nation-wide transport company, Frisbie is host to 325 agent members and their wives at the Diplomat Hotel for a three day meeting. He returned recently from a two and one-half week trip to England, Belgium, West Germany, Greece, Turkey and Italy in connection with the operation of International Sea Van, Inc. an Atlas subsidiary. "The economy Is good and future prospects excellent," Frisbie said.

"There is a lot of building going on and lots of money available for this purpose." Ask about Van Line operations in foreign countries, Frisbie said Americans are a more moving people than Europeans. "There isn't as much changing around here," he continued. "Homes are passed on from one generation to another. The people don't move as frequently as we do." Frisbie said that moving van officials in Europe have a firm hold on business. "There is not as much free competition there as here," he added.

"The large outfits tie up the business. They get together and form cartels for price fixing purposes." Frisbie, a former iceman in Detroit, heads the 16-year-old firm which now moved delicate electronic equipment, link trainers and display exhibits as well as household 136! quarterly dividend Members New York Stock Exchange and other principal stock and commodity exchanges Northbound non-stop jet trips to. New York will leave at 10 a.m. daily and Northeast will supplement these regular services on weekends and other peak travel times with extra jet flights and trips for special groups, it was announced. Xerox In S.A.

NEW YORK Xerox Corp. has arranged to market its own products in Central and South America. Rank Xerox a subsidiary owned with the Rank organization of England, held the rights previously. Under an agreement made with Rank, Xerox will receive a 5 per cent royalty on net sales and rentals. In addition the Rank organization will receive 7,500 shares of Xerox common stock worth about $2.9 million.

Northeast Airlines today announced it is obtaining additional jet planes to meet the heavy demand for vacation travel to Ft Lauderdale and other south Florida points during the coming winter months. Northeast has scheduled 14 weekly jet flights between Ft. Lauderdale and New York. M. Wilson Offutt III, vice president traffic and sales, said that starting in December Northeast's jet fleet is being enlarged through the leasing of additional Convair 880s and Boeing 707 Fan Jets from Trans World Airlines.

Added to its own super jet fleet, these planes will enable Northeast to offer nearly 14,000 jet seats weekly in and out of Florida. On Dec. 18 Northeast's present Ft. Lauderdale-New York schedule will be changed with daily non-stop flights arriving from Idlewild at 7:30 p.m. Boca Raton Clearwater Coral Gables Hollywood Miami Miami Beach North Miami Beach Orlando Palm Beach Sarasota St.

Petersburg New York Philadelphia Chicago San Francisco Los Angeles Basle (Switzerland) Honolulu Offices Coast to Coast and Abroad 2V2t a share from net investment income. a share year-end distribution from net realized capital gains. More than 348,000 owners of Wellington Fund will share in this dividend and distribution, payable December 28, 1963 to stock of record November 29, 1963. O. H.

FRISBIE Van line head goods through 350 representatives throughout the country. The company itself does not own a single piece of equipment but acts as a central clearing house for the movers. Atlas, sixth largest van lines in the world, expects to do a $12 million volume this year. The company is owned by 24 stockholders, all working agents of the firm. Goodbody's Merger Set NEW YORK Merger of Goodbody and J.

A. Hogle will take place Jan. 1, it was announced here. The combined firms will operate under the Goodbody name. Hogle has 24 offices in the West and the combined firms would have a coast-to-coast network of 72 offices in 66 cities.

Previous merger plans were known in October, but confirmation was made Thursday. FIRE CASUALTY MANAGER PRODUCER Experienced and Qualified Fla. license wishes to be allied with modern progressive General Ins. Agency or Co. Specializing in Commercial and Industrial new accounts.

Phone LO 6-3464 at once. NEW TAX BILL MAY BITE YOU Owners of Income properties using accelerated depreciation may be liable for increased capital gains tax beginning 1964 We have qualified clients and need commercial properties priced from $50,000 to $500,000 having rated tenants offering good return on investment. To sell or trade now call WH 2-1717. PROPERTY INVESTMENTS INC. 2408 East Atlantic Boulevard, Pompano Beach, Florida Unlisted Securities Bid Asked 10:15 A.M.

QUOTES Bid Asked 1'j I'i The following quotations Bowl Mor Honeycomb 5 Houston Fear re supplied undr the aus-i Broward Nat Bk 33'i pices of the National Asso-! Citizens Bk 21 23 elation of Securities and! Claude South l'i 2 Bid" and Com Nat Bk 27 Dealers. The 31 Cor Rid Bk 26'i "Asked" prices are given the ranqe as a guide to Hydro Chem Vi 1A Invest Corp Fla 2H 3 Jack Win Mkts 5's 6'i Laud Bch Bk 17 19 Leeds Northrup 30' i 31 'i Life Ins Tenn 34'? 36' 2 Life of Fla 3' 4 Lighthse Pt Bk 16 18 Miami Data 24 3'i Ocean Nat Bk 19 21 Cor Prop com l3 Cor Prop pfd Vi Dania Bank 2B3i 14 8 30 31 Deerfld Bch Bk 27 within which these securities could have been traded and are not intended to represent actual purchase prices. I 4- fiirwi II 0 when tmjs0' purchase a new car 0 or even a I Wp washing I 23' a 23' Delhi Taylor 31 1 Old Fla Rum l7' Old Fla Rum .40 .50 Pioneer Life In 13' 1 14'i Bid Asked 33'4 23 1 5 Effective Friday, November 15, 1963 Delaware Income Fund shall be known as DECATUR INCOME FUND in accordance with shareholder approval voted in Annual Meeting, April 16, 1963. 3'i 3'4 Dyna Chem Everglades Bk Fin Fire Ins Fin Life Ins First Flight 1st Bk Boca 1st Bk Ft 1st Bk Hwd 57. ft Plant Nat Bk 45 47 Plastiline 1H 1' Pomp Bch Bk 26i 29 Redwing Car lTi 12 Richardson Co 26 27' 38 33 34 4H 38 37 24 20 36 Rockwell Mfg 27 27' Schlitz Brew 40'i 403, Stand Screw 35 36 3'i Acoustica Airpax Airtronict Alico Aloe Cream Am Ins Ala Am Nat Bk Anaconda Tr Anodyne Arch Marble Arvida Corp Atlantic Util Bank of Com Bank of Hwd Boca Nat Bk Billups East Biilups West 27 T's 3's 37 2' 4 5 7H 33' i 34 24 8 Steep Rock 3.90 4.10 114 10' 2 Stev Mkts com 3 3H 1st Bk Bro 22 1st Bk Marg 18 1st Bk Pomp 34 First Research 23i Fla Bancgrowth 11 Fla Gas 10' i Ha Palm Air 17 Frank Broad Frank Life Ins fO3 Ft Laud Bk 62 Guar Nat Bk 18 Gulf Life Ins 58'i Stev Mkts pfd 13 14 US Fidel Ins 71 '4 73 la US Plastic 33i 734 32 a 3't 8'4 64 Univis Inc 18' 1 19' Wilton Bk 31' 61 '4 Wometco Enter 39'i 40' 4 CLEARINGS HIGH NEW YORK Bank clearings for October in 26 leading cities set a monthly record, reports Dun Bradstreet Inc.

The total of $156,593,999,000 topped the previous peak of $151 billion last January. NOW PAYS AT FOKT LAUDERDALE on Savings on Deposit I Year or More Current sayings deposits will earn 3'2 a year from date of deposit to date of withdrawal. WANTED Concert Band Musicians All Instrument AMERICAN LEGION BAND Every Wednesday, 8 P. M. Legion Hall at the Tunnel JA 3-0938 or LU 1-0976 If SO Consult our EilT LOAN D1PARTM Phone 525-3251 6200 No.

Federal Hwy. Fort Lauderdale, Fla. 942-6200 Member Federal Deposit Insurance Corp. AT FORT LAUDERDALE FORT LAUDERDALE NATIONAL DAN El FEDERAL HIGHWAY AT SOUTHEAST SECOND STREET if frft tMutt ft V. PLEASE PRINT Urn Bonk of Friendly Service Member: Feeera Deposit Insurance Corp.

Name 1 Enclosed is my Check for to open my 1 Savings Account. Address City Phone Oitxzit-r li's time to save! ATLANTIC FEDERAL SAVINGS Our ma7 fs getting heavier Many Atlantic Federal customers add to their savings accounts by mail! We pay postage both ways. It's time to save with insured safety. Free- transfer of funds. Enjoy high returns payable and compounded quarterly.

Open your savings account now. AND LOAN ASSOCIATION tt. F. Creep, Pntidtni Main Office: BeuLvord, N.E. 17th Way South Side Offices South Andrews and loth Stroof North Sid.

Officot North Andrews and 43rd Street JAckion 5-2 SO I Action 4 8567 LOgan 4-7436 A.