Kingsport Times-News from Kingsport, Tennessee • Page 55

Market Plods, Spurts In Last Session STATE LEADS SOUTH Job Gains Are Up NASHVILLE Tennessee has outstripped every other state in (he Southeast in manufacturing employment gains, a i Commissioner Mrs. Leo R. Burson has reported. She said that the net gain manufacturing employment during the past year was 26,800 and that the payrolls increased from 405,300 to 432,100. At the same time, the slate's off-the-farm increased by 75,100 from 1,126,800 to 1,201,900 giving (he state the percentage lead over the seven other states in the southeastern i Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Virginia.

The percent of increase was 6.7 percent. Only Florida, where both defense and service industries are expanding, led Tennessee numerical gains in off-the- arm employment, Mrs. Burson oted. She pointed out that lorida's non-farm employment ncreased by 88,500, hut the ercent of increase was 1 percent. At the same time, average ourly earnings for Tennessee's actory production workers ncreased more rapidly than in ther states in the region.

The icrease was from $2.13 to $2.25 er hour and the rate of ncrease was 5.6 percent, ompared with 5.4 percent for le southeast and 4.1 percent ir the United States as a hole. Mrs. Burson said that the mployment and wage reports ere contained in information ust released by the Atlanta egional office of the U. S. Labor )eparlment's Bureau of Labor tatistics.

R. CAMERON ROLLHNS Passes Bar, Joins Firm In Kingsport A young attorney who recentlj passed the Tennessee Bar Association examination has Joined the Kingsport law firm of Clifford Sanders and Thomas Wilson. R. Cameron Rollins was associated with the law firm of William M. Dender in Etowah, after graduation from the University Tennessee Law School in Au gust, 1966.

After passing the bar exams recently he moved to Kingsport to begin practice. Before attending the U. Law School, Rollins dio undergraduate work at the SI Petersburg Junior College and the University of South Florida in Tampa. He spent three year in Army Security, the last tw( years stationed in Hawaii. Rollins is a member of-flu Phi Delta Phi law fraternity.

The attorney lives with hi wife and two children at 184 Midview Road. Local Agents Observe Week, To Note Signs The Kingsport Association Insurance Agents will conducting a survey Kingsport's traffic signs thi week, Tom Browder, Associatio president, said Friday. Mayor Hugh W. Rule ha proclaimed April 16-22 a '(Protection Week," and th association will be working I cooperation with the city I check for traffic signs whic arc unreadable, in 1 need i repair or blocked from vie to passing motorists. Robert M.

Bray is chalrma of the association's sign surve committee, AMS SPEAKER James M. Waters, executive vice president of the Tennessee Hospital Association, will address the East Tennessee Chapter of the Administrative Management Society Tuesday in Johnson City. NEW YORK (UPI) The slock market made plodding progress this, week, waiting until the final session to respond to an accumulation of encouraging business Jtems. Trading gol off on a tower note in a slow start Monday. Prices gradually improved in the remaining session.

The pace however dwindled until Friday's strong upswing. Wall Street analyst attributed the lack of enthusiasm to the fact that many traders were holding to the sidelines to wait out any adverse effects of the highly anticipated and much talked about lower first quarter earnings. Grim prospects for a nationwide trucking strike and railroad strike depressed ihe list early in the week but the trucking industry reached a tentative agreement and President Johnon delayed the rail strike. With these gloomy items out the way, the market looked or encouragement and found il in such items as a rise in auto ales for the first third of April ompared with the same perioc ast year. This marked the first time ais year that sales had toppec tie 1966 pace, for any period.

Lack of growth in the Gross National Product for the firs juar-ter had been expected by most investors and was actually onsidered somewhat bullish by hose traders who had been pre lared for a slight decline. News that the huge pileup 01 lusiness inventories had haltec wring February also prompted luying as many experts have inventory growth as one the major barriers to eco nomic resurgence. The dip in steel output for the week was generally ignored as tie industry still hinted at im- irovement during the secora quarter. Selected interest rate cuts, record retail sales for and an increase in Indus rial output for the same month rounded out the fairly rosy economic news picture. Analysts said, however, tha until more definite signs of thi BUSINESS BEAT Mrs.

Arline Bingham, credit manager of Miller's, and president of the Kingsport Credit Grantors' Association, attended the Southeastern Credit Conference in Miami April 6-13. She was chairman of the department store group for file conference. Zale Corporation, Dallas, ended its fiscal year March 31 with nearly twice as many retail outlets as it had three years ago, Ben A. Lipshy, president of the chain of jewelry, drug and junior department stores, said. A record 84 new stores were opened during the fiscal year, he said.

With the 114 stores acquired in the Levine merger in December, the total number of stores in the Zale chain now is 674, compared with 346 on March 31, 1964. Currently, 72 units are scheduled for opening during 1967. Sales of the W. T. Grant Company totaled $71,951,256 during the month of March, an increase 13.9 per cent over last year's March sales of $63,170,859, according to Luther S.

Munson, manager of the W. T. Grant store at Parkway Plaza. Calendar year to dale sales of $167,482,366 reflect a gain of $12,555,228, or 8.10 per cent over sales of $154,927,133 for the like period in 1966. Four store openings scheduled for April will bring the total of new and major enlargements open this year to 11.

Stuart P. Lewis, treasurer and general manager of Kingsport Grocery Company, was re-elected as a director of the United States Wholesale Grocers' Association, Inc. at the organization's annual meeting April 2-5 in White Sulphur Springs, W. Va. Lewis, general manager of Kingsport Grocery Company for the past 14 years, is also president of Five-State Wholesale Grocers' Association.

He is active In civic affairs and is a member of the Kingsport Kiwanis dub. USWGA, with national headquarters in Washington, comprises wholesale food distributors who serve over 115,000 independent supermarkets, and food stores, and public feeding establishments in 42 states. ixpected economic rejuvenation appear, the markel's progress hould be rather limited. The Dow Jones industrial average had an unusual week, ilarling out with a loss of 10.91 in Monday and ending with a jain of 10.91 Friday. The average made enough progress in jetween to finish with a gain of G.40 on the week at 859.71 The rail and utility components also worked higher.

The New York Stock Exchange ndex of all stocks finished at ts highest point of the up 0.52. Standard Poors 300 stock index tacked on 1.07 lo 90.43. The United Press International marketwide indicator added 0.51 per cent. Using April 1, 1966 prices as a 100 base, the indicator closed at 103,44. Of the issues crossing the tape, 781 advanced, 646 declined and 152 remained unchanged while 180 issues rose lo new highs for the year and only 33 tumbled to new lows.

Trading contracted shorply to 40,048,406 shares compared with 44,661,966 shares in the previous week and 53,480,915 shares in the same week last year. Except for three holiday short- Business Sunday, April 16, 1967 KINGSPORT TIMES-NEWS 3-B ened weeks, it was the slowest pace of the year. Of the 20 most active issues, only 4 had declines, 2 remained unchanged, while the remaining 14 worked higher. Gulf Western Industries was most actively traded, dropping 4'A to 47Vi on turnover of 550,300 shares. Late in the week a financial daily reported on the troubles of the lead and zinc industries and hinted at possible price cuts.

Gulf Western owns New Jersey Inc. Great Western Financial was second most active, tacking on to 17'A on volume of 515,300 shares. The company has been benefitting from a speech by a representative of the California Savings and Loan Commission, which predicted a cut in divide rates paid to savers by the associations. Control Data followed in the third spot, jumping to on 451,300 shares, reflecting some bright earnings forecasts. The low priced Brunswick, which showed only a slight gain in earnings, dipped to on 446,300 shares in the fourth slot.

Widest mover on the actives was Polaroid, which soared to INFORMATION, PLEASE--Mrs. Grace B. Obenshain (standing), executive vice president and manager of the Credit Bureau of Kingsport, oversees "In-file reporter" operation, give credit information to members. Photo--Charles Dean) where girls (Times-News Credit Bureau Will Mark Week If you have ever applied for credit in i a confidential record probably holding more information on you than even you can recall -is on file in a suite of offices in a recently remodeled building on Market Street. Those offices belong to the Credit Bureau of Kingsport, one of some 3,500 similar bureaus associated with the Associated Credit Bureaus of America and Canada.

The Credit Bureau here is the central file of information on consumers in this-area. It gathers, files and reports facts to aid the credit granler in determining the i applicants' paying habits and credit worthiness. The local bureau has been serving i and CHAMPION -AWARD D. F. Kid- ings, left, American Saint Gobain Corporation advertising manager, accepts the Champion Papers Award from D.

M. Alexander of Champion Papers. The national award was given the Kingsport fiitn recently for "combining imagination and craftsmanship" in communications. American St. Gobain won the advertising award for its brochure, "Who Put the Fashion Look in Glass This Year." nsumers of Kingsport for me 40 years.

Mack B. Gibson tained the business in 1966 ad appointed Mrs. Grace benshain, with 20 years retail edit experience, as executive ce president and manager. Over the years, the bureau grown from one employe the present 12. A building the corner of Market and road was purchased by Gibson ast year and the upstairs modeled for the Credit Bureau nd Collections, Inc.

From 11 a.m. until 5 p.m. today, the Kingsport Credit ureau and Collections, Inc. will ld an Open House, allowing lerchants and businessmen a lance to lour the offices. The Open House is being held 3 part of the observance ol onsumer Credit Week, April 6-22, with the Kingsport Credil ranters' Association a nlernalional Consumer Credit ssociation.

Its theme is "Guard Your redit As A Sacred Trust." Membership in the Credil ureau is offered to retail and rofessional credit grantors. Some manufacturers use the ervices to aid them in ollecting information on new ersonn'el, as well as those nder i a i for romotions to jobs of esponsibility. Mrs. Obenshain said 80 per ent of inquiries are received telephone. Six in-file eporters, with headsets and ing extension lines, are ready i answer Ihe phones six days ach week.

Home Sellers Are Told: Little Things Do Count EASTMAN PBOOUCTS--If you insist on egg in your beer, one bright idea is to package them together. That's what these two beauties at the National Packaging Exposition are recommending. Ably served by T. Earl Dudney, manager, Cellulosi'cs Sales, Eastman Chemical Products, they're acquainting visitors to the Eastman booth with blister packaging made of Tenlte buty-. rate and proplonate plastics.

No one will claim it's only the "little things" that count when selling a house, but attention to details plays an mportant parl, according to Thomas Sims, president of the Kingsport Board of Realtors. With the advent of the spring lome-seeking season, Sims outlined some of the advice developed for owners by the National Association of Real Estate Boards to help in selling louses quickly through a Realtor. He noted that potential buyers often make a fast over-all judgment about a house they are considering, then start bserving the little things. He advised home sellers to try to see their home as they would look at it if they were in the market lo buy. One of the most successful ways to note what needs attenlion is lo get into the car, drive around Ihe block, then approach the louse as though you had never seen it before.

"The yard will be the first thing you see in detail. Is the grass cut, and are the walks and flowerbeds neatly edged? Are the plantings weeded, trimmed, and welt cared for?" Sims asked. The exterior of the house itself should be studied next. In some cases, it is advisable to apply a fresh coat of paint, In any case, windows should be sparkling, nil outside plumbing and lighting fixtures should he opernlivc, and minor repairs ould have been made. A rip in the screen door dicates to many a aintenance has not been egular, and causes them to uspect major repairs may be the offing.

"Scrub!" is the best advice preparing the interior of home for sale. Every room hould be shining, with furni- ure carefully arranged, Sims dded. As with the exterior, in ime cases it is advisable to aint if walls and woodwork re especially dirty or faded. "If at all possible," Sims commended, "do not move rniture until the house has een sold. An empty room can depressing.

"Women often make the final ccisions about buying a home," ealtor Carol Dickinson said, and (hey always have an iportant The, room on Wch they base much of their valuation is usually the kitch- so when a house is for sale, the kitchen should be gleaming and cheery. After all this cleaning, would be a shame to have a prospect call after dark anc not be able to see Ihe results Turn on all the lights frort the entrance hall to the bacl door. This tends also to creafc a cheery atmosphere. With everything clean aw well-lighted, make a tour of th house yourself. Check all th things you would be noting i you were a potential buyer.

Pu out drawers, open cabinets am doors, try the windows. Lool for drips, squeaks, cracks, an anything else. When you fini something i i properly, get it repaired, advised. If you can't actually leav the house when it is bein shown, turn off the radio an TV, send (lie children and pel out ot play, and stay out the way. "Just be pleasant an unobtrusive," Sims concluded.

"Be Your Own Boss" VISIT THE TENNESSEE BUSINESS OPPORTUNITY SHOW Tills franchise show will feature many new national franchise opportunities representing a wide variety of fields. This can be your chance lo share In that great American dream of Owning your own business. Plan now lo attend and invest In your future I Chlsca Plaza Motor Hotel, Memphis, Tennossae April 21-22-23 Hours Dally 1 to Admission $1.50 person wllli this ml When a girl gets an inquiry, she records the inquirer's name and the name of the person on whom information is wanted. She gets a master card and the information from it. If no card is on file, she secures all the a i nformation and sets up new cards.

Newcomer reports are secured from other bureaus as eople move in. And reports arc senl to oilier cities information 'ormer residents. In another section of the Bureau, two revision clerks check all references, plus additional inquiries recorded on the master card. Sometimes, it will be necessary to make 20 calls to get one report up to date. Out of town inquiries, either by phone or letter, from any of the 3,500 bureaus associated wilh the Associaied Credit Bureaus of America and Canada including inquiries from oil companies and credit card holders are handled by two girls in the foreign, mortgage and personnel reports section.

After all inquiries are brought up to date by one full-time and one part-time employe, and verified, it is typed on special report forms and mailed to the bureaus or i requesting it. The Credit Bureau today has records on some 300,000 individuals in the Kingsport area either living here now or in the past and will handle approximately 100,000 inquiries yearly for its 200 members. CHARLES W. BUCKE, who recently joined the Kingsport Office of the United States Fidelity and Guaranty Company as a staff adjuster. Mr.

Bucke was born in Worcester, Massachusetts, but graduated from high school in Bell Buckle, Tennessee. He attended Duke University and the University of the Pacific, majoring in business administration. He saw three years of service with the Marine Corps and recently came to Kingsport from Nashville where he had been employed by Redisco, Inc. We welcome Mr. Bucke to our insurance family at 214 Commerce Street.

insurance by bcmtcttk cdwards agency-iiic 214 COMMERCE STREET 245-3101.