The Austin Daily Herald from Austin, Minnesota on December 27, 1958 · Page 11
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The Austin Daily Herald from Austin, Minnesota · Page 11

Austin, Minnesota
Issue Date:
Saturday, December 27, 1958
Page 11
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1958; Business Slump and Recovery "~ Democrats sweep elections, Prime bank rate raised to 4 per cent 48 44 40 36 Khwhcher replaces Bulganin as Soviet premier. French political.crisis. 1958 Atlas missile put into orbit. JAN. FEB. MAR. APR.IMAYIJUN. JUL. AUG. SEP. OCT. NOV. DEC INSTALLMENT CREDIT (£ND OF MONTH);.'; 20 Chart above reveals a steady three-year rise In consumer credit frorri early 1955 to the end 6f 1957. A slight drop from this peak was registered in the first quarter of 1958. Since then, th$ total 6f outstanding consumer credit has traced a fairly even line across the chart. INOIX, 186 DEPARTMENT STORE SALES AND STOCKS (Seasonally ad jutted) STOCKS (END OF MONTH) MARKETS UPS AND DOWNS OF '58 — The stock market rose almost steadily durjng 1958 to an all-time record high in the most active trading since 1930 as it accurately anticipated a swift recovery from the business recession, inflation fears moved many to buy stocks and sell bonds. Institutions and big investors bought heavily in what became almost a cash market. Margins rose to 90 per cent, which meant a margin buyer of $1 00 of stocks had to put up $90 and could borrow INDEX, 1947-4^100 175 STEEL PRODUCTION (Ingoti and ittil for coitirat) 100 75 1955 1956 1957 By ANDREW C. LANG QUESTION: I want to put down asphalt tile on a concrete floor. The floor baa always seemed perfectly level, but in checking it the other day I discovered that it slants a little In one direction Will this have any effect on the tile? ANSWER: The slanting of the concrete floor will in no way impair the effectiveness of the job. If the adhesive and tiles are put clown properly, they will remain in place just as long on a slanted MARKET Saturday, Dec. 27, 1958 Ttie following price* wait paid «t Austin. Burruwi and out* floor as one one that is perfectly evel. However, it is important that the concrete be fairly smooth. An irregularity at some point may ater cause the tlies in that particular area to crack and break. QUESTION: Is it safe to remove old paint from, the outside of a wooden house with a blow torch? Uradlng 180-170 , 170-180 , 1M-190 i 190-220 . 2.10-240 ! 2 10-250 . 250-260 , No.l .18.65. .18.35. .18.05. .11.13. .17.45. .17.15. .16.85. HO. a 15.25 16.25 17.25 ..18.25.. ..17.85.. ..17.65.. ..17.35.. ..17.05.. ..18.75.. ..Ifi.-'S. NO. 3 .17.85 .17.55 .17.25 .16.95 .16.65 .16.35 .16.05 M9-290 16.55....17.15....15.75 293-300 16.25.... 15.85. ...15.45 rirlced the same at tow* ot the tame wgt classflloaUcm PACKING SOWS N» No I 270-300 15.90. 200-330 15.65. 32U-360 15.40. 3iiO-400 15.15. •UW-^50 14.65. -150-500 ....14.15. 500-550 13.63. No 3 .15.50....15.10 . 15.25....M.85 .15.00.... 14.60 .14.75.... 14.35 .14. 25....13.85 .13.75....13.35 . 13 M.... 12.85 "0-up 13.15.... 13.75.... 12.35 STAGS Stags under 400 9.75 .Slugs 400-600 900 stugs over 600 8.00 Underflnltned cull or filled bngi ust be discounted accordingly. All iiogs are nubject to government inspection 195S SPRING LAMB MARKET I'liolce & Prlrna 19.50 f 'hole* 19.00 ClooU 17.50-18.50 Medium 16.50-17.00 common 12.00 down All buck ambs discounted $1 per hundred weight by grade. Lambs over 100 ibs. discounted 30c per cwt per pound over 100. VEAL MARKET Veal calvea or all weights and data M purchased Choice 180-230 30.50-32.00 Good 180-230 27.50-28.50 standard 25.00-26. ?0 Utility 180-230 Ibs 22.50-24.00 Choice heavy 2?0-300 Ibs. ..27.50-28.50 ifood heavy 240-300 Ibs. . .25.50-26..*0 culls all weight 10.00-1850 All calve* over 300 Iba. discount*'' >3 nvr Veal eaUea will be accepted at Aui tin until 8:30 a.m. Friday No market on Saturday CATTLE MARKET u S Prim* tte«r» & Tear- llngt 27 25-29.00 U s choice (teen & vear- llngt J5.3J-27.50 V a Uood ateert & vear- lluga 33.iO-2a.00 U 8 Standard »'.*er» & ycurllngt 21 J5-23.75 All heirera 25 cents to 50 cenU CWT under tteer price* All steera over 1.050 Iba and heifer* over 950 lot are discounted acrnrdlng to weight. U* S Commercial Cows ..17.00-19.50 U. S. Dtlllty Cowt 1600-17.50 Cutter ....f 1550-17.25 Caunert 14.00-16.0C Fat Built 1750-21.5 Sauaage Bulls 18.50-23.i U. Wt Thin BullB 14.00-16.00 AUSTIN UitAIN UARKG1 ANSWER: Not for you it isn't. QUSETION: I have a table saw which I bought about a year ago. The rip fence on it has a handle which locks in place when it is pushed downward. Lately I notice that, after the handle presumably is locked, there is a little play in it. . .not much, maybe a 32nd of an inch. . .but enough so that making a perfect rip cut is somewhat difficult. Can this be fixed? ANSWER: When a rip fence on a table saw has some play in it, there is more to it than the failure to get an accurate cut. If it moves at all while a piece of wood is being cut, there is always the danger that the wood will get pin ched between the fence and the saw blade, with possible injury to you. Do not use the fence again in that condition. Check the back end of the fence, the part farthest away from you when you are making a cut. See if there isn't a tiny knob up under the metal housing. If there is, a slight turn of this knob may be suf ficient adjustment to keep the fence in place. If this does not work, you have no choice but to take the fence back to where you bought the table saw (1) in hope that it can be fixed or (2) to buy a new one of the same size. only $10. After American Telephone & Telegraph Company, in an unprecedented move, voted to split its stock three-for-one, Wall Street anticipated a series j>f split-ups in the new year among the higher priced shares, a move that will bring prices of stocks down to levels where more shareholders are expected to do some more buying next year. Experts say the market still is strong but they warn it may not perform as spectacularly In 1959 as it did in 1958. Pattern of the 1957-1958 recession, with steel production as the barometer, is traced in chart, left. (Big dip in 1956 was caused by nationwide strike.) Production tumbled throughout 1957, bottoming about March of 1958. Since then, except for brief downturn at mid-year, steel production has begun the long climb back, spurred by new model year orders from the 1958 auto makers. Fern Knew of Yule Speech KING'S LYNN, England (AP)Only Queen Elizabeth, bartender ohn Harvey and a handful of oth- rs knew what the Queen was gong to talk about in her Christmas Day speech to the Commonwealth. Harvey knew five hours before he radio-television broadcast. He licked his copy of the speech out f a gutter. Harvey, 20, spotted a fat leather riefcase lying in a gutter. He icked it up, looked inside, pulled ut a sheaf of papers, and started reading: "The Queen's speech. . , ." He told the police, who rushed ; by patrol car to Sandringham, the country home 11 miles distant where the Queen and the royal amily were spending Christmas. The Queen was to make her iroadcast from there. The notes larvey found were the television icript. British Broadcasting Corp. 1955 1956 1957 1958 Record of department store stocks'and sales shows the relationship between supply and demand,, Sales dropped in third quarter of 1957, rose near end of year, then fell again into early 1958. Steady rise carried until past mid-year, then dropped slightly, though stocks have continued upward, '58 Black Year for All Car Makers but American Motors Additional Tourney Bid forKamline Hamline and Western Illinois, both impressive through the first month of basketball firing, clash tonight in one of the feature opening games of the annual eight- team college tournament at Quiney, 111. The game marks the start of Hamline Coach Joe Mutton's quest for his "second 500." The Pipers' victory over Simpson, Iowa, last week was their 500th under Hut' ton. Hamline has won six and lost only to Duluth Branch. Western Illinois is 5-2. Button plans to start Lee Hop- fenspirger, one of the most accurate shots in the country on the basis of NAIA shooting statistics, Lee Copenhaver, Del McClure, Ray Ward and either Tommy Hutton or Bobby Mathias. Tennessee A&I, a Negro school, is the only unbeaten team in the tournament with an 8-0 mark. A&I played Southern Illinois and Youngstown, Ohio met Rockhurst of Kansas City in afternoon games. Hamline meets Western Illinois at 7:30 and Illinois Wesley an takes on Quincy at 9 p.m. in the night games. Semi finals will be Monday night and finals Tuesday night. MOOSE HITS .303 Bill (Moose) Skowron of the New York Yankees has a .303 batting average for his five full seasons in the American League. AUStIN (Minn.) HERAlfe Saturday, tot, 3?, ttll No Offer for Cricket Star BRISBANE (AP)-BUl Talbert, former U.S. DavU Cup captain turned Informal baseball scout, said today the New York Yankees have not made a firm offer to Norman O'Neill, Australia's crack test cricketer. This report was circulated after Talbert met with O'Neill in'Mel- bourne this week to discuss the possibility of the cricket star having a tryout with Jhe world baseball champions. "This has been ballooned up far beyond its proper proportions," Talbert said. "The Yankees merely are interested in finding out some things about this young man. "1 am not an expert but only a fan. "Someone else would have to look him over to say whether or not he has promise of making the big leagues." O'Neill, 21, from Adelaide in South Australia, plays baseball in the off season in one of the few Australian leagues. He hit .400 last year and played shortstop for his team. NEW TANK COACH SEWANEE, Tenn. Ufl -Ted Bitondo, former Florida State University swimming coach, is the new coach of Sewanee's swim mers. Bitondo also coached the University of Florida team. He's a former Ohio State swimmer. } Gophers at Nationals 1 MINNEAIPOLIS <Af»)-.¥nt 'tJ.8,- National hockey team, crowded' with Mlnnesotans and ilethtf for; its battles with thr Russians- twftt > week, meets Minnesota tonight in' its big dress rehearsal. The Gophers will cooperate to 4 the extent of allowing'wrot til*; international rule prohibiting fof^ ward passes from the defensive' zone past the center line. •; But the Nationals are likely to •run into as much undiluted coiHpe- • tition tonight as they'll get against the Russians. Minnesota has been brooding bout its 3-2 overtime loss to the,,,« fationals for the last three weeks, :\ he Gophers carried the play to 7 hat game and clearly were the , "^ uperior team until the final tout •minutes of the third period. '.*" But the game was the Nationals j irst as a unit and they have made major strides since. The team has ™ ot lost to a college squad and ha» , 9-2 record, compared With Mhl- , C icsota's 2-1. • "7, Coach Johnny Mariucci of the' Gophers said the holiday layoff, '?>' lus the lack of any major corape- , ition since the first National I game, has taken the edge of his ; earn and left it "at least four goals worse than the Nationals." '• The Nationals will be toughened \ >y the addition of defenseman Bob Dupuis of Boston University. According to genealogical statistics, if you went back 3i generations, you'd find you had 4,294 967,296 ancestors. Corn .Hi George A. Hormtl & Co. Common Stock (Wrigbt Wells * Ce.) Bid Asked it V w The man who keeps on the lookout for business doesn't hove to worry so much about the busing* outlook. -«*• roducer Anthony Craxton had ost them. Harvey, credited with having saved the broadcast from confusion, delay and possibly a monarch's wrath, was offered a reward of five shillings (70 cents). Said Harvey: It's not worth col- ecting." 128 HOMERS National Leaguers hit 192 home runs over the Los Angeles Coliseum left field barrier during the 959 season. The distance from home plate is 251 feet. RED VISIT — Soviet Deputy Premier Anastas I. Mikoy- an, above, has received permission from the U. S. government to visit the United States in January. The old- line Bolshevik will come on an unofficial basis. PIN MONEY It will cost |30 per man to enter the 1959 American Bowling Congress Masters tournament in St. Louis. Eight - game qualifying rounds are set for April 18-19. PRESIDENT Track star Rafer Johnson is president of the student body at U. C. L. A. By DAVID J. WILKIE A.P. Automotive Writer DETROIT (AP) -For all but one of the nation's auto makers 1958 was the worst year in recent automotive industry history. It was a year that saw a decline of more than 1% million car assemblies and a retail sales drop of nearly IVi million units from the preceding year's volume. The year brought losses or profit cuts for all makers except American Motors. American Motors, riding high on a bulging demand for smaller, low er priced cars, built and sole nearly twice as many vehicles in 1958 as it did the preceding year. 1958 Production When the 1958 production and sales are finally tabulated they probably will come to nearly 4Vi million domestic car assemblies and about 4,780,000 retail deliveries. The latter figure would include about 300,000 imported car sales. For the year ahead sales are Business Notes MILL CITY MEETINGS Clarence C. Petersen and Joseph G. Lamping, Austin, recent ly attended the annual sales meet ing of Minneapolis Associates, Inc. in Minneapolis. Petersen addressed the 30 men from Minnesota Iowa and Dakota towns on the importance of service to custom ers. Mrs. Lamping and Mrs. Peter sen accompanied their husband on the trip and joined them at the company's annual Christinas par y following the meeting. S-P IN BLACK Operating results of the Stude >aker-Packard Corp. were in th black during each of the months of October and November due U ;he volume of sales of Larks Hawks and trucks to dealers, Har old E. Churchill, president, sal today, and the present rate of out put indicates that the month c December similarly will show a operating profit. "December output of Larks has jeen stepped up because of in creased dealer orders," Church ill said. "These in turn are th product of the very strong re sponse of the public expressed the volume of retail purchases America's newest smaller car — the Lark. Many dealers are repor ng that they are several week behind on deliveries on some mo dls." AWARDED PLAQUE — In recognition of his service as a member of a national planning committee rep- res Anting Chevrolet dealers in his section of the United States, E. G. Usem, left, Austin, is awarded a plaque by W. E. Fish, general sales manager of the auto company. « Navy Won't Play in Baltimore Stadium ANNAPOLIS, Md. (AP)-Nav will play none of its home foo ball games in Baltimore's Memor ial Stadium next year. xpected to number 3% million S. cars plus up to 400,000 im- orted cars. Outstanding events of 1958 inluded: » Expiration of union labor contacts and months-long negotia- ions leading to new agreements. Inventories High Top - heavy inventories that rought sharp production cutbacks and were further leveled off by work stoppages that followed the new labor agreements. Sharp criticism of car styling hat brought some hurried last minute changes for 1959. Continuing rise in the demand or smaller, lower priced cars. Ahead for 1959 undoubtedly is a letter year for the car makers. Predcitions of a sales volume in excess of 6% million cars come rom nonautomotive economists who sprinkle a liberal number of •ifs" in their appraisals. Major stipulatoin, If course, is the availability of expendable income. Another is the appeal of substantially altered styling. The cars that were criticized as too gaudy in 1958 are making less avish use of bright trim generally. But already there has been some criticism of cars too long and too wide among 1959 models. More smaller, lower priced American - built cars undoubtedly are coming. MASTER COPY—Although it looks as if he's about to Alarmed by dwindling gate re-j swab, the deck with a king- ceipts, Naval Academy officials) size mop, master calligraph- Friday announced that the 'only er Tendo Obayashi is really remaining 1959 game scheduled doing some mammoth writ- for Baltimore, against Maryland on Nov. 7, will be played instead in the new Navy-Marine Memorial Stadium here. ENJOV PARTY j n g j n oyo. He's wielding a huge 120-pound (with Corps ink) writing brush to fashion the Chinese character for "elicitations" on a 17,820- square-foot sheet of paper on the grounds of an elementary school. Obayashi plans to present the giant RALEIGH, N. C. (« — The Syracuse football team Thursday took a day off from its preparations for its Orange Bowl battle calligraphy to Crown Prince with Oklahoma, and was feted at I Akihito as congratulations a Christmas'party and dance at on the prince's marriage en- North Carolina State coikf* few*. IffllTf* MORE THAN A MOUSER — When most hunters go after rabbits they take a dog along, but the hunting companion of John McCormack, 12, is his big cat, Nimrod. The cat loves to go along on an all-afternoon hunt and is as good as most dogs when it comes to retrieving wounded game. John lives on the outskirts of Vincennes, Ind. Legal Notice' ORDER FOR HEARING ON FINAL ' ACCOUNT AND HTlflON fOK DISTRIBUTION. STATE OF MINNESOTA, Countr of- Mower—ss. , In Probate Court In Be Estate ot Herbert Ofu» Sonnenberg, Decedent. " : Tbe representative- ot th« »bovt~ named estate having filed Her final'' account and petition for Mttiement and allowance thereof and for dlatrl- , button to the persona thereunto en- ' titled; IT IS ORDERED, That the bearing thereof be had oa the 6th day of, January, 1959. at 10 o'clock A. M., before thte Court in 'the probate court room in the court house in Austin, Minnesota, and that notice hereof be, given by publication of this order In ;he Austin Dally Herald and by mall-, ed notice as provided by law. Dated December Ilth, 1958. PAUL KIMBAli, JR. Probate Judge. '' (PROBATE COURT SEAL) POIJSY It FOLET ' Attorneys for Petitioner. 446 First National Bank •ulldloi^ Rochester, Minnesota File No. 11502 Dee. 18, 20. JT 1 Legal Notice ORDER FOR HEARING-ON PETI--' ' TION FOR PROBATE OF WILL, LIMITING TIME TO FILE CLAIMS- AND FOR HEARING THEREON , ,„, STATE OF MINNESOTA, County Of",... Mower—SB In Probate Court ..,i« In Re Estate of Henry Schartz, «l«,-. so known as Harry Schartz, Decedent..., F. M, Beaton having fUed a petition.,, for tb,e probate of the Will of said,,,,, decedent and for the appointment of- . P. M. Heaton as Executor, which Will- ' •* is on file in this Court and open te " Inspection; IT IS ORDERED, That the. beartns.-' thereof be had on the 21st day ot*"" January, 1956, at 10 o'clock A. Mv . before this Court in the probate court room in the court house In ' Austin, Minnesota, and that objections to the allowance of said will. If any. be filed before said time of bearing; that the time within which > creditors 'of said decedent -may file' • ' their claims be limited' to four- months from th* date hereof, and-'~ that the claims so tiled be heart" on the 27th day of April. 1950, at*** 10 o'clock A. M., before this Court In 1 ' the probate court room in the court, house in Austin, Minnesota, and that notice hereof be given by publication of this order in the,Austin Daily Herald and by mailed notice as provtd-, ed by law. , Dated December 34th, 1951. PAUL B3MBALL. JR. Probate Judge. (PROBATE COURT SEAL) CATHERWOOD. HUGHES * ALDERSON Attorneys for^Petltloner Austin, Minnesota File No. 11859 Dee, IT, Jan, 3, 10 David Lawrence Writes One of the country's'moSt popular reporters and commentators—brilliant, readable, authoritative—will be regularly featured in this newspaper. His Famous Report For almost twenty years readers through^ out the country have looked to David Lawrence for his penetrating analysis of the Washington scene. In Washington" David Lawrence knows Washington. His amazingly reliable sources, his "feel" for the news, and bis straightforward, original style keep you up to the minute on today's—and tomorrow's—important developments. STARTING NEXT WEEK IN THE Austin Daily Herald

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