The Austin Daily Herald from Austin, Minnesota on December 15, 1958 · Page 5
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The Austin Daily Herald from Austin, Minnesota · Page 5

Austin, Minnesota
Issue Date:
Monday, December 15, 1958
Page 5
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Monday, Ott, 15, AUSTIN (Minn.) HEftAlD-3 Eyes Are on Wall Street as •j -'•.'-Profits Continue Climbing By SAM DAWSON , AP BuslMM Newi Afiilyit NEW YORK (AP) - There are some anxious eyes on business profits today in Wall Street, ,...The stock market, always sensitive to corporate earnings, is mort so just now because the bulls have bid Up prices to a point . that will call for a steep climb in ,,ne> income after taxes by many firms before their profits are in line with the optimism the bulls have underwritten. .The profit trend is on the upgrade at year end after a sharp drop in the first months of 1958. What Wall Street is scanning the reports to find is the strength of the trend and the chances of its continuing. Profit, Less Reports First of the annual profit and ..loss reports are coming in now from thop e companies whose fiscal .year ends before the calendar year. Added to these are a flock of estimates by corporate execu- . lives of what 1958 earnings should .be when the books are finally ^ closed in coming weeks. And there .are the many hopeful ones who .are saying: just wait until next ... year. From the early reports Wall Street is getting a hint at least as : how 1958 profits will stack up with , 1957's after all the annual reports are in a couple of months from now. Some 56 corporations already have reported for their fiscal .years. Of these 25 show gains in net income over the figures for " the previous year, while 31 show declines. There are three reporting net losses this year, while the year before there were two. Combined the 56 made $182,686,' 639, compared with $171,320,254 in the previous year, for an increase of 6.6 per cent. But the results are weighted heavily by striking gains this year by two of the 56 companies. American Motors reports profits of 26 million dollars this year, against a loss the year before ol million dollars. Sweeten Showings And Minute Maid Corp. puts profits this year 4Mi million dol lars, while reporting a loss of 2'/4 million dollars the previous year In both cases carryover tax • credits sweeten the 1958 showings . The other 54 companies themselves would have shown combined profits off 17 per cen from the previous year. Predictions from businessmen whose firms will close their book on New Year's Eve also show mixed trend. Among those who in recent days have estimated the year's results, nine expect de clines ranging from slight to 30 per cent, and nine look for profit. " to be equal to 1957 or a little bet .er. Railroads as a class are chalk Ing up this year as a poor year But the picture brightens as you go west. The Western roads are profitably moving bumper crops and Western business was hit only a glancing blow by the recession. Expecting better earnings this year than last are such roads as Great Northern, Northern Pacific . and Illinois Central. Declining net income is predicted by the Louisville & Nashville and the Norfolk & Western. WEATHER FORECAST — Light snow is expected tonight for northern and western New York state, western Pennsylvania, the Great Lakes area and Montana. Showers are likely in Florida; SITDOWN ENDS ' It will be colder In the Atlantic states, the Ohio and Mississippi valleys and the Dakotas; warmer in Kansas and Missouri. (AP Photofax May). Evicted Widow Enjoys Reunion NORTON, Va. (AP) - A "defrosted" but still defiant widow enjoyed a reunion with her saijor son today after ending a six-day sitdown protest against the sale of her home by public auction. Lakes Naval Training Station in Illinois. "Mom, I'm leaving now to fly home. When I get there I'd better not catch you outside," his son told her. Mrs Ella Williams, 56, said shej He didn't. Several hours before had heeded a friendly warning her he arrived, Mrs. Williams had ac- 20-year-old son Lowell had telephoned Saturday from Great Pigeon Union to Appeal Rule Against Birds PITTSBURGH, Pa. (AP)- Are racing pigeons essential as Army reservists subject to immediate recall or are they dirty birds and undesirable in a city? The Pittsburgh chapter of the American Racing Pigeon Union says racing pigeons are essential members of a community, especially since the Army has disbanded its own pigeon corps. But Judge Benjamin Lencher has upheld municipal rulings that the birds are pests and undesirable. His ruling requires a Pitts-] burgh man to get rid of his flock of racing pigeons by Dec. 31. The pigeon union says it will ask Pennsylvania Superior Court to settle the question. cepted shelter in the home of Roda and Octavia Stidham, spinster sisters and lifelong friends of Mrs. Williams But the sisters had to talk, plead Life in Texas No Easy Time for Refugees HOUSTON Tex. (AP) - A social worker reports the 21 Hungarian refugees who came here two years ago have had a rough row to hoe. About a third lost their jobs during the recession, T. W. Weston, a member of the Houston Hungarian Rehabilitation Board, said. Others went in too deep on installment buying. "They were too easily tempted by offers to pay $25 down on cars, and they failed—or.were unable— to read the fine print in what they were signing," Weston said. and cry before the stubborn wid- „ . , , ., , ow would leave her snow-swept . Somef h f veroasl | ed if they could post outside the family home, be S6nt ° WeS "" E " TOpe b " 1 which the county had soid to pay | ££ | W.'ston said the language bar- The tent where Mrs. Williams I rier kept some of the refugees out had remained for six days was!of their' professional fields and covered with four inches of snow. Her possessions were scattered about the yard under the snow. forced them to turn to labor at $1 to $1.50 an hour. One bought a hamburger stand In her last .lours outdoors, Mrs. I for $300 and set up a Hungarian Williams had been reported "weak and pale." A doctor said she could not live through many more bitter cold nights. But after a hot bath, some dinner and a long sleep, she said she was feeling chipper. 'Hurting My Health' *'l don't have a temperature or even a cold," she told her son. Mrs. Williams admitted the futility of another outdoor siege — ''I was only hurting my health"— but she hasn't conceded that the county was right in selling her house. I realize that I was going about it the wrong way," she said. "However, I'm just as determined as ever to go back into that house, and legally too." Just how she would go about restaurant, but went broke. "No one in the place could speak English," Weston said. Dec. 8. 15 There are two distinct types of lava in Idaho's Craters of the Moon National Monument. Boy Falls to Death Trying to Get Arrow ELLSWORTH, Wis. (AP)-A St. Paul boy visiting at the farm of his uncle was injured fatally Sunday when he fell from a roof while | dissolving a rourt-ordered public seeking to retrieve an arrow. James O'Neil Jr., 10, was dead on arrival at a St. Paul hospital. He was at the farm of his father's brother, Francis O'Neil, when he climbed onto the roof of a farmjat the University of California and _.. „. .„ v . building and apparently lost his : her name is Aleksandra Vasilv-! before "this court "m theVr'obate "court! fnntmo I L.,,,o .7u_ -u._r...- ' r°° m ' n ' h » court bouse In Austin, i sale remained to be seen. Notice TO PUBLISHERS MOWER COUNTY Austin, Minnesota Sealed bids will be received at the Office of the County Auditor, Austin, Minnesota, until 10:00 A. M. on January 7, 1959 for the following county printing for 1959. Official Paper Publication of Delinquent Tax List Publication of the Financial Statement. The County Board reserve* the right to reject acy or all bldf and waive any defects therein. GRAHAM R. UZLIK Graham R. Uzllk County Auditor Legal Notice ORDER FOR HEARING ON FINAL ACCOUNT AND PETITION FOB i DISTRIBUTION. i STATE OP MINNESOTA, County of Mower—*«. in Probate Court i In Re Estate of George W. Milner. S Decedent. ! The representative of the above ; named estate having filed final account and petition for settlement and allowance thereof and for dlstrlbu- i Fifteen Soviet students now are studying in five American univer-1ed" W *' Pers ° M thereunto entltl jsities. There is one girl student IT IS ORDERED, That th« hearlnp i thereof be had on the 24th day of December, 1958, at 10 o'clock A. M.. footing. evna Zhruavchenkova. HERE NOWI THINIW •UDMUCTIIC SHAVEMASTER TRAVEL KIT rot IHAVINO 1 VNQEtAKMS NEW ELECTRIC SHAVER DESIGNED FORTHF NEEDS OF WOMEN Only $1.00 Per Week Minnesota, and that notice hereof be given by publication of this order In the Austin Dally Herald and by mailed notice as provided by law. Dated November 28th, 1958. PAUL KIMBALL JR. Probate Judge .PROBATE COURT SEAL) BAUDLER & BATTDLER Attorneys for Petitioner Austin, Minnesota Pile No. 11515 Deo. 1. 8. 15 Legal Reoreeents the finest in craftsmanship and luxury. Compact unit is equally convenient when traveling or at home. Makes a perfect gift. Beautiful, saddle-stitched case contains brown BLADE-ELECTRIC SHAVEMASTER as described at left and matching accessories—comb, brush, file. Convenient compartments for cord and other accessories. Regular $34.95 Our Sale Price .. Notice ORDER rOR" HEARING ON PETITION FOR PROBATE OF WILL, LIMITING TIME TO FILR CLAIMS AND FOR HRAR1NG THEREON STATE OF MINNESOTA. Cnuntj ol i Mnwer -SB Cn Prnhntc •"'ourt In Re Estate of Samuel H. Hubbard. also known as Samuel Hubbard and S. H. Hubbard, Decedent. Bethel Fink having filed a petition! for the probate of the Will of aald ! decedent and for the appointment of Bethel Pink as Executrix, which Will Is on file In this Court and open to Inspection; IT IS ORDERED. That the hearing thereof be had on the 24th day of December. 1958. at 10 o'clock A. M.. before this Court In the probate court room in the court house ID Austin Minnesota, and that objections to the allowance of said will. If any. be filed before said time of hearing; that the time within which creditors of saio decedent may file their claims ic United to tour months from the date hereof and that the claims to filed be heard on the 30th day of March. 1P59. at 10 o'clock A. M.. before this Court in the probate court room In the court house la Austin, Mlnne- i sota, and that notice hereof be given by publication or this order In the Austin Dally Herald and by mslled notice as provided by law. Dated November 28th, 1958. PAUL KIMBALL, JR. Probate Judge (PROBATE COURT SEAL) PLUNKETT it PLUNKETT Attorneys for Petitioner Austin. Minnesota File No. 11846 Dec. 1, 8, 15 $24.95 Jewelry SHAVER HEADQUARTERS BRING YOUR PRESCRIPTIONS «, WOLD'S DRUG STORE MAIN AT bklDGfc S1KEEI You'll Find Them All at Leuthold-Bauer... Downtown and Storting Shopping Center Make it possible for him to sleep right. A pdir of Pleatway Pajamas from Leuthold-Bauer is the answer. 3.95 to 6.95 At Both Starts What about a Lounging Rob* for his T.V. viewing. 12.95 At Both Stores Knit Pajamas by Munslngwear. Either wristlet or open cuff styles. 4.95 mt 5.50 Also Slims At Both Stores A comfortable Knit Shirt t« bound to please. 5.00, 12.95 At Both Storu Every man can use an extra pair of gloves. Lined or unlined. 3.98 to 7.95 At Both Starts Brown Belts - Black Belts • Grey Belts. Save him the trouble of always having to change. 1.50 . 7.50 Alligator Belts 10.95 At Both Stores Men's Toilet Kits always a welcome gift. Whether it's for a traveling man or for one who goes away occasionally 3.95 » 10.95 At Both Stores Car Coats in a variety of styles by McGregor. 25.00 .. 59.95 At Both Storu Broadcloth Pajamas in slip over and coat styles — also wash and wear ideas. 3.95 to 6.95 At Both Starts When in doubt give him a Hat Certificate and let him choose his own style of narrower brim hats. 8.95 » 20.00 From At Both Starts Billfolds by Rolf From 3.95 f 15.00 Also Pocket Secretaries At Both Stores Lined Gloves for the man that likes the finest. 4.95 Up At Both Starts Here at Both Stores you'll find the most talked of Golf Shirts of the year. The Grand Slam by Munsingwear 5.00 At Both Stores The finest and largest selection of Swank Jewelry to be found in Southern Minnesota. Styles. Prom At Both Starts For the finest in Neckwear—choose from our stock of Damon 2.50 and 3.50. Other ties 1.50 From At Both Starts Our selection of Pheonlx Hosiery it most complete. Most stylts. LOO and L5Q At Both Stortt How about a new Idea in Sweaters to compliment his wardrobe. Many new idea*. 4.95 & Up At Both Starts Whether he prefers whites or colors you'll find what you want in our selection of Van Huesen Shirts. 4.00 - 5.95 At Both Stores When you see our selection of Sport Shirts you'll know why we're proud of them. 4.00 . 15.00 At Both Stons H»re'« an Idea that's bound to pleast any man. Men's Manicure Sets. From 5*00 At Both Stout A.A.U.W. Christinas Ball • Terp Ballroom • Monday, December 22nd GIFT BOX FREE WITH ALL YOUR CHRISTMAS GIFT PURCHASES STOCKS STILL COMPLETE - WE HAVE THE SIZE LEUTHLD-BflUEB DOWNTOWN ad STERLING SHOPPING OENTEI

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