The Journal Herald from Dayton, Ohio • 23

Year's bad for snow tires 1 By Bralnard Piatt Journal Herald Business Editor This has not been a good year for snow tires and the future is Expanded economy predicted usiness I) finance elimination of studs would have more of an impact on dealers and customers than on the tire manufacturers. "WE HAVEN'T produced tires with studs for about two years," he said, "nor have any of the other manufacturers to my knowledge." ao4 Saturday, February 27, 1971 Page 23 beset with pitfalls for dealers in the studded variety. The future problem results from fact some states are mulling laws banning studs or taxes that would almost put them out of existence. The current barrier to good sales has been the snow or, rather, the lack of it early in the year. DONALD R.DONAGHUE, Eastern Division sales manager for Dayton Tire Rubber said, "a good snow tire year tires and 31 percent with four stud tires.

The Council also estimated two of the tires on the rear of a Vehicle provide 218 percent better traction and 50 to 60 percent better steering control in hazardous driving conditions, it is reported. Galloway points out snow tires generate greater tratcion because they have deeper and more open tread, that most are effective for an average of two to three seasons. The studs are particularly effective on ice and hard packed bnow with regular snow tires doing a particularly good job on fresh snows. Income increases BOSTON (AP) The New England Electric System reported consolidated net income of $29.07 million, or $1.98 per common share, for $970 com PHILADELPHIA (AP) Two professors at the University of Pennsylvania's Wharton School of Business and Finance predict an expanded economy by the end of 1971, but say this recov- avk vimII mnf vinrr ttiA iviiion'r being given to a move to limit use of tires to specific snow periods, he added. Dayton Tire representatives point out the arguments against studs have to overcome contention of some that their advantages outweigh any damage they cause.

For instance, in Minnesota, where some even question their value, a survey of American Automobile Association mem-bers showed 60 percent used snow tires and 90 percent of these had studs because they felt they increased safety and traction. needs heavy early snows, at He explained his firm like the others twins out all of is snow tires with holes so that studs can be inserted by the dealers when they are desired by the customers. Whereas snow tires have become a significant part of the replacement tire business, as much as 28 percent in snow belts according to one industry source, dealers estimate they install studs in only from 30 to 70 percent. The states taking a jaundiced look at studs, like Minnesota and at least seven others, contend they are ruining the highways. AT DAYTON TIRE, experts like Galloway suggest that talk about banning studs is a bit premature, that there is not enough evidence to prove they are the cause of damaged roads.

"Cars are heavier, road surfaces inconsistent, traffic heavier and salts and other items are being used with greater frequency," Galloway reports. He admits the industry has "nothing dramatic under consideration to replace studs if they get the heave-ho from states. "Studs are designed today to protrude on sixteenth of an inch from the surface of a tire and they are set up to wear at the same rate as the tire he said. HE SAID THE stud manufacturers are studying this amount of protrusion as well as the contents of the stud tungsten carbide. There also is some thought Cly win nwi Liiug mi-, iiauwii a economy to the goal President Nixon has set for the 1972 election year.

Tri 1 i ii' iv i i i a 'ini terized model of the U.S. economy and will appear in the spring issue of "Wharton Quarterly," published by the business school. Klein and Adams predict an unemployment rate of about 6 percent lor the first quarter of 1971, but they expect the rate to drop in the second quarter, rise in mid year due to the effects of steel negotiations, and then taper off to about 5 percent by mid-1972, they say. The Nixon Administration has set a 4.5 percent unemployment level as its goal for mid-1972. The rate of i 1 a 1 1 will lessen over the next two years, the economists believe, dropping from the present annual rate of 5 and 6 percent to a rate between 3 and 4 percent Robert Husted Jr.

Husted back as assistant to president Robert E. Husted son of the late sports editor and columnist of the old Dayton Herald, is returning to the area as assistant to the president of Kircher, Helton Collett. Watson B. Metcalfe, president of the advertising, public relations and marketing firm, said Husted will be based in the least by Dec. 1." Donaghue explained if most motorists get past first of the fear they are inclined to put off such purchases because they feel they are over the hump.

"While we have had good snows here lately, they came too late in the season to really spur any business," he said. Actualy, M. L. Galloway, Dayton's director of tire engineering and development, explained pared with $28.8 million, or $1.96 a share, for 1969. The utility said operating revenues were million for 1970 compared with $295.2 million for the previous year.

Gerard Adams of Wharton's Econometric Forecasting unit expect a "go-stop-go" pattern in the U.S. economy in 1971 recovery in the first half of the year, a slow down in the third quarter if there is a steel strike, and then expansion for the remainder of 1971 and into 1972. 1HE PROFESSORS' quar out National Safety Council studies indicate 19 percent better stopping with two rear stud terly forecast, announced yesterday, is based on their compu HOME Mead pushing pollution fight FURNISHINGS Columbus office, responsible for servicing current accounts and developing new business. Graduate of Steele High School and former student at Ohio State, he is an Air Force veteran and worked for radio station WING, Standard Register Co. and as editor of the Professional Golfer magazine.

He was assistant to the Mayor of Columbus for a time, held a number of positions with Billboard Publications and has been associate publisher and director of sales for Merchandising Week. Wesfown theater to close The Westown Theater, opened to the public Sept. 11 as a pilot DoYou Want Unusual recycling and equal employment opportunities. It notes more than 75 percent of its products depend on tree fibres and its programs to assure adequate resources in the future include replanting, breeding superior trees, and use of bark slabs and other residues. It recycled about 400,000 tons of waste paper last year, roughly a fifth of its total fibre production, and slag from the ore furnaces, formerly wasted, now finds use as an aggregate in concrete mixture.

It lists a number of special IV 77 minority training and basic educational programs and pledges to intensify its search this year to hire more, especially for management and office The Mead which spent more than $31 million on pollution abatement facilities in the past 10 years, expects to exceed $50 million in the next five. In its annual report, the Day-t -b a firm devotes five pages to pollution, conservation, Assignments at McCall revised McCall Printing Co. yesterday announced a revision of management assignments to more effectively meet the changing requirements in the a plant. Carl Steinbarger, director of operations, listed the following: William Gents to manager of four color letterpress; Earl Evans, technical co-ordinator, Arthur Hosbrook, staff assistant, special projects. Gerald i a 1 manager, Reader's.

Digest printing; Donald Palivec, liaison foreman for 'Press 170; David Groeber, manager, two-color letterpress; Howard Eschenbacher, manager, offset. Louis Wood, manager, material handling; Clarence Rihm, manager, i manufacturing, roller room, ink stockroom, ink quality assurance; Pete Arnold, bindery superintendent. files Potpourri project, will close Sunday night for lack of business. "The theater never made money and the black people in its marketing area just never supported it," reported a spokesman for the operating Walter Reade Organization. The theater was the first of several planned by the eastern chain in basically black-oriented shopping centers provided the local experiment proved a success.

BUT THE CHAIN'S spokesman said last night "the Dayton experiment has given us cause to question the merit of our program." He said the company tried ALL FURNITURE, APPLIANCES, TELEVISION AND STEREOS IN THE MODEL HOME AND IN OUR 6 EXHIBIT BOOTHS AT THE DAYTON HOME SHOW IN THE DAYTON MALL WILL BE SOLD everything, first run attractions as well as second run and none of them brought out any support. "Our losses were drastic," he said. "Some nights we played to three and four s. We opened with 'Soldier Blue' an exclusive, and spent more on advertising then we took in." He stressed the firm would have liked to stick with first runs but that the theater was grossing so little distributors were unwilling to place their films in the house. The chain leased the theater, a $375,000 golden domed house for offering The Dayton Power Light Co.

announced yesterday it has filed a registration statement with Securities and Exchange Commission for a proposed offering of 200,000 shares of preferred stock, Series Cumula Roland Dadisman ROLAND H. DADISMAN, advanced to general superintendent of production engineering for Delco Products, effective Monday. He has been superintendent of machine and tool design I STUDIO Supply which operated for 25 years on Riverside Drive, is moving Monday to 3003 Salem Ave. EUGENE F. SNAVLEY, formerly with the Sidney Daily News, has been named executive secretary of the Dayton Area Board of Realtors tive, on or about March 11.

seating 500 persons, from Day ton Shopping Centers, managed locally by John R. Paul. "WE WILL start out Monday The issue will be non-refundable for seven years and the net proceeds will be used to reduce short term indebtedness incurred in connection with the construction program. trying to find a new tenant for the house," Paul said, "even though we have yet to be noti fied by Reade of the closing." He stressed that Reade was not the initial tenant sought for What's New in Stocks the theater, that the first was Trans Beacon Corp. of Califor rnopnoAT NAMF CHANGES nia.

When Trans Beacon with drew because of financial prob WE ARE PASSING THE SAVINGS ON TO YOU. THE COST TO REPLACE IN OUR WAREHOUSE OR ON OUR DISPLAY FLOORS. MAKE YOUR SELECTION AT THE DAYTON HOME SHOW SATURDAY OR SUNDAY AND DELIVERY WILL BE MADE NEXT WEEK FOR THE WEEK FEB. 22FEB. 24, 1971 COPYRIGHT 171 BY UNITED PRESS INTERNATIONAL INCREASED DIVIDENDS Circle 12 cents from 10 cents.

Rochester T.I.-33 cents trom 30 cents. CASH-EXTRA DIVIDENDS Liberty Loan 5 cents. Trontcon Lines 5 cents trom 2Va cents. STOCK-EXTRA DIVIDENDS Helme Prod. 3 pet.

Macandrews Forbes 5 pet. DIVIDENDS REDUCED Anaronda Co 25 cents from 47Vj cents. Helme Prod. 10 cents from 25 cents. Wabash Maqnetlcs-10 cents DIVIDENDS OMITTED Cooper Tire It Rubber Fanny Farmer Candy Shops Skll Corp.

DIVIDENDS DEFERRED Wheeling Sleel-4 pc pf. Wheeling Steel 5 pc pf. STOCK SPLITS Caldor Inc. 5-for-4 Circle K-3 tor-2 Fab Ind. 3 for 2 Stanley Works 2-for-l Leasco from Leasco Data Process.

Equip. ACQUISITIONS, MERGERS AND PRELIMINARY NEGOTIATIONS Cont. Oil Burmoh Oil Co. Ltd. Not.

Steel-Evons Ind. Rite Aid Corp. Clinton Merchandising Inc. MERGERS CALLED OFF Revco D. Wlgas Dept.

Stores White Motor-White Cons. STOCKS TO BE ADMITTED TO THE N.Y.S.E. Arlen Realty fc Dev. Corp. Mar.

1 APPROVED FOR LISTING ON THE N.Y.S.E. TENTATIVE DATE C. I. Mtq. Group Mar.

19. Skoqas Componles-Mor 15. Tool Research ft 22. STOCKS TO BE ADMITTED TO THE AMEX Florida Tile Ind. -March 4.

Ryan Homes-March 1. APPLICATIONS FOR LISTINO ON THE AMEX First of Denver Mtg. Investor! Gloucester Eng. Co. lems, we located and signed with Reade in 90 days," he said.

Earnings rise NEW YORK (AP) Knight Newspapers, reported Its 1970 earnings rose to $13.6 million, or $2.64 a share, from $12.6 million, or $2.47 a share, in 1969. Revenues for the year, which included the Philadelphia Inquirer and Daily News for the first time, totaled $251.9 million in 1969. Marketing pact TORONTO (AP) American Airlines and British Overseas Airways Corp. have announced a marketing agreement involving shipment of air freight from Toronto, Canada to the Far East. Wool Market Charge 3 ways Weekly Dow Jones Averages From Associated Press BANKAMENCMOi Net Chg.

Up 0.27 Up 2.71 Off 2.78 Up 0.06 Low Last 868.98 878.83 192.24 196.40 121.42 121.42 287.13 290.12 High 881.98 196.98 122.76 291.13 First Industrials 868.98 Transportation 192.24 Utilltie 122-76 65 Stocks 287.13 HOME flufoe FURNISHINGS NEW YORK (AP) Wool futures declined Friday on scattered liquidation. Wool tops futures were quiet. Wool futures closed .9 of a cent to 19 cents lower. High Up 0.21 Off 0.17 Up 0.65 Up 0.11 Up 0.23 Up 0.22 WEEKLY RANGE OF BOND AVERAGES 40 Bonds 71.10 71.33 71 08 71 29 First Railroads 51.77 51.93 51.63 51R3 Second 63.05 63.61 62.75 63.52 Utilities 87.22 87.47 87.12 87.47 Industrials 82 36 82.68 82.36 82.55 Income Ralls 53.68 53.83 53.60 53.80 STANDARD AND POOR'S WEEKLY 500 Stock Index Lew Me 42.1 69.0 71.0 72.0 72.1 rtese I59.J 161.2 161.1 I69.S I70.S 170.7 171.5 60.4 62.1 69.0 71.0 72.0 72.1 Mar. May Oct.

Dec. Mar. May Store hours: Mon. thru Fri. 9 to 9 Saturday 9 to 6 Sunday 1 to 5 Mon.

thru Fri. 1 0 to 9 Saturday 1 0 to 7 Sunday 1 to 5 71.1 73.1 July Certificated wool snot 46I.V Wool tops futures close.i quiet. No sales, Certificated spot wool tops SI07.0. 1 bid; nomlnol. ACTIOS mom SAttM MAIL salmi a tmo mm m.

AT OIHUH9IK MAO KiTTtHINO LVD ni. SOUTH OtTWitH OOtOTKY LAM STHOOf HP 298-U77 837555 Weekly Standards Poors From Associated Press (1941-43 average equals 10) High Low Close Net Chg. 425 Industrials 106.53 105.07 108.37 Up .20 20 Railroads 39.17 38.48 39.11 Up .14 55 Utilities 61.63 61.02 61.02 Off 1.36 500 Stocks 96.92 95.72 96.75 Up .01 I Minneapolis Flour MINNEAPOLIS, Mlrm. (AP) Flour in 100 lb. socks: family patents unrhnnged 1 standard patents unchanged 4.95.

Jhlpments 30.600. tnndord bran 1.00 hlaher, 51.50; ston- idord middlings 1.00 lower 50.50..