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The Journal Herald from Dayton, Ohio • 19

Location:
Dayton, Ohio
Issue Date:
Page:
19
Extracted Article Text (OCR)

Many Closing JOURNAL HERALD ,9 VTednesday, March 22, 1967 Dayton, Oliio Industry Plans For Holiday per cent over the pres ious year. However, earnings decreased $7.43 million from 1965. Earnings dipped from the 1963 i WARD reports record sales of J1.89 billion in 1966, an increase of 8.3 Satellite Launch Today Comsat Net Climbs work Good Friday, but Easter Monday Is a holiday. The company has been working Saturdays, it is explained, so employees elected to takt Monday rather than Friday to get two days off together. National Cash Register company will work Good Friday but will show a special NBC film.

"The Way of the Cross," for employes in the auditorium during the lunch hour. The film starts Thursday and ends Friday. Many retail establishments normally observing open hours Sunday are closing down for Easter. This change applies to such food markets as Kroger and Liberal Markets as well as retail establishments staying open Sundays. -j.

THIS GROUP of stores closing down includes Rike's, Metropolitan, Donenfeld and all of the stores in the Salem Mall except the restaurant and theater. Goldman Bargain Barns, normally open from 9 a.m. to 9 p.m. Sundays, will cut back for the one day to 10 a.m. to 7 p.m.

Both Miller's discount department stores and Elder-Beerman stores, will shut down for the single day, Restaurants and theaters will remain open Sunday, By Crainard Piatt Journal Herald Stall Writer All of the presses will stop and operations close down at 10:55 a.m. Friday at McCall corporation, setting the stage for a brief relig-jious service. Company employes will not even have to Irave their work benches as Rev. Harry E. Smith, pastor of Central Christian church, gives a five-minute Good Friday prayer and sermon over the public address system.

This is one of the ways Dayton industry has selected to observe the Easter season. Some companies will grant time off for church attendance, others will close down for the day. FOR ALL OF the General Motors divisions, Good Friday is a legal holiday. Approximately 33,000 employes will benefit by a long holiday weekend. The same applies for 4,500 workers at Chrysler Airtemp.

Others planning a long weekend include Acme Precision Products, Duriron, Koehler-Dayton, Monarch Marking, Reynolds Reynolds, Sheffield and Ledex. Others like Wright Patterson AFB and Standard Register, will make time available for workers to attend the church of their choice. At Dayton Tire Rubber company employes A ci.rrwr"rnM Communications Satellite (Comsat) lists income and rexenues ui aio.iuj.uuu lor '1966. Operation of the Early Bird satellite, stationed above the Atlantic at the Equator, produced revenues of $4,273,000, compared with revenues of $2,139,000 for the last six months of 1965. Comsat placed another, 'improvea communications satellite in stationary orbit over the Pacific Jan.

11, and plans to launch a second satellite into a position over the Atlantic today. Comsat said its $9,556,000 of revenues from temporary cash investments last year exceeded the 1965 revenue from that source by $1,472,000, 'largely because of higher interest rates. Net investment in proper I'll I vssscs rj? ,1 5, jrl t-w- i I Lk STTfrrl' ifls rh-m tWF Record Keepers To Management Accountant's Role Cessna Names Dussault accounting prnciples and procedures used by business and industry. 2 A proposal to require profit and loss figures not only on a company as a whole, but by line of products and division. j.

THE NAA is conducting a survey among its members to see how business feels about the proposals. It will make a presentation of its findings to the SEC. Also present at last night's Manager Of Vernon W. Deinzer has been named vice president and general manager of Cessna Aircraft's Aircraft Radio division at Boonton, N.J. and John C.

Dussault will succeed him as general manager of the McCauley Industrial division here, Dussault, 41, in 1965 completed an intensive management training course at Cessna. He has worked every phase of the operation, most recently as technical services manager in commercial aircraft engineering. Graduate of St. Benedict's college, Dussault heads the world's largest producer of propellers for general aviation aircraft. Deinzer, 47 and a 26-ycar veteran of McCauley, joined Aluminum-Glass Sheath World's largest aluminum and glass curtain wall Installation will sheath Chicago's towering 100-story John Hancock center.

This is the artist's conception of how it will look when completed in 1968. IMore than 2.5 million pounds of aluminum and 300,000 square feet of glass will he incorporated -into the curtain. The facade will be in black and bronze tones. Potpourri JOHN P. WHITMAN, to corporate factory cost co-ordina-1or for Dayco corporation.

He is a 1950 graduate of Western Carolina college, at which time he joined the Dayton-based firm. He has been a plant account- figure of $23.96 million to $16.53 million even though retail sales were 6 per cent better than 1965. Per share earnings declined from $1.83 In 1965 to $1.24 in 1966. Chairman Robert E. Brooker says losses sustained in operation of the catalog department and a substantial increase in interest cost for short-term borrowings, were the principal reasons for the drop.

Mechanization and installation of computers in catalog section were expected to result in savings during 1967, Booker says. Booker also reports the opening of 31 new stores in 19 states in 1966 was the company's biggest expansion to date. MOORE McCORMACK, a holding company, reports its. net income in the year ended Dec. 31 jumped to $3,773,482 or $1.58 a share from $833,880 or 35 cents a share in 1965.

The company also had net gains on ship sales of $5,275,860 or $2.20 a share in 1966 and or 47 cents in 1965. Revenues were $105,354,077 in 1966, up from $81,309,252 in 1965. SAX MIGUEL, one of the Philippines' largest industrial enterprises, reports record $100 million sales and earnings for 1966. Net earnings totalled $9.8 million, an increase of 11.9 per cent over the previous year. San Miguel, makers of the Internationally marketed San Miguel beer, plan several major projects in the future, including a glass plant, a beer canning line, three soft drink plants, a butter manufacturing plant and a compressed yeast plant.

CURTIS PUBLISHING pulled out of the red in 196S, thanks in part to a hike in advertising revenue. Net profit for the year was $317,000 compared with a net loss of $3,351,000 for 1965. To-, tal revenues for 1966 were $128,897,000 against of 1965. BUNKER HILL reports net earnings of $4.8 million or $3.22 per share for 1966 the best performance in 16 years. The final income is some $238,000 or 15 cents per share higher than preliminary figures announced in January.

Earnings for 1965 were $4.5 million or $2.80 per share. NATIONWIDE LIFE Insurance reports higher earnings on record sales of $499 million in new life insurance during 1966. Sales volume was up 11.6 per cent over 1965 and including other types of insurance sales totaled $352 million. Net income was $3.36 million or 99 cents a share compared with $3.49 million or 97 cents a share in 1965. VICTOREEN INSTRUMENT reports a slight increase in net income for 1966 over the previous year.

The business machine and instrument manufacturer says net income for the period ended Dec. 31 was $1,347,793 or 55 cents a share compared with $1,221,582 or 47 cents for 1965. Sales were $26,762,114 last year against $24,764,288 in 1963. Speclm Freight Opens Terminal; Names Mahurin Spector Freight System, one of the nation's largest motor common carriers, opened terminal facilities this week at 20 Stainton avenue. James Cole, manager of the firm's southwest region, said Ronald Mahurin, sales representative in Indianapolis for two years, has been named manager of the Dayton Rise In Income Sloivs; New Orders Off Again The last few years have seen the accountant elevated from a record keeper with the answers after the fact to a member of the decision making team.

This is the message brought to Dayton last night by Firman H. Hass, president, National Association of Accountants, in town to help the Dayton chapter celebrate its 40th anniversary. 4 "THERE WAS a time," he says, "when the accountant was kept way off somewhere and just called in by management to report the figures after everything had been done." "Now," he explains, "they sit down with the decision makers and help formulate the plans on which the operations ahead will be based." Computers are making a terrific impact on accounting and will become even more important in the years ahead, Hass observes. "IT HAS BEEN said we will be able to store information by tape in a total management information system so it will be available to anyone needing it just by making a telephone call. "Moreover, experts can see the day when profit and lass statements will be available daily just by pressing a button," Hass adds.

Accountants are facing two big movements already underway, he says. They are: 1. A proposal to unify all Bemfc, Insurance Stocks fell ij, Or illil fill ant JOSEPH MELLINGER of Piqua, named winner of the Minuteman award for sales excellence in February by Liberty American Life Insurance company JERRY ZIMMERLE, to assistant to the personnel manager, Reynolds Reynolds company. He joined the company in 1950 and has been a working foreman in the print pres3 department ELMER P. LOTSHAW of Owens-Illinois, Toledo, will speak at the Monday luncheon meeting at Neil's Heritage House of the Dayton chapter, American Marketing associa Zimmerle ties Increased during the year, including increases of $16,061,000 in Earth stations and $10 million in the satellite launched Jan.

11 and the one to be sent aloft this week. Last Jan. 11 Comsat acquired the ground station at Andover, Maine, from American Telephone Telegraph for $4,981,000. At the end of 1966 cash and temporary cash investments totaled $172,267,000. Comsat president Joseph V.

Charyk and chairman James McCornvick say operations to date, and continuing studies, have established the suitability of satellites for domestic TV distribution and a wide variety of general communication. This represents a larger market than does the international field, over the next decade, they say. McCauley DuKsault Deinser the firm as a management trainee after graduating from Ohio university. He because vice president for manufacturing in 1954 and vice president and general manager three years later. Cessna acquired McCauley in 1960 and he remained as general manager.

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Bank Trust Bid Asked BkAmNT5A 31 'i 31-, Crum For Eastn Life Empire Life Employ Group Employ Rein Excel NY FarmHome Lf FarmNew Wld Federal Ins Fid Rkrs Life Fid Fid Fst Fst Fst Fst Fst Uniim Lf A Dep Am Til If Colony Lf Federal Financial NL Phoen Fndn Ga Franklin Life Bl or IVY 71 '4 71! Fund Am Gen American Gen Amer pf Gen Wise Gen Iteinsur Ga lnt Life Glens Falls Globe LKlAc Govt Emplov Govt Emp Life Grealamerlca Gt Cmwlth Guaranty Sav Gulf Lifclns Hnmilton Lf Hanover Ins Harlford Fire Hartf SBnil Home Ins NY Indeiwndent Lf Indep Am Lf BTNY IP Charier NY Chem BkNYTr ont 111 C'hl Crocker Cltte r'st. Nat Ben Kt Nat Chi Fst Nat City Frank Nal Kin?) Lafay Manuf Han SS'i Sfri SS'i HI SS'i R' IM'i "8 SI 'i 31 '4 Meadbr Nat NY 'J9 Mellon Nat 7,1 74'i Montan Guar 91 91 sec 1st NBkLA Wi Trust NY Ml ftp. Wells Karen Bk 3914 INSIRANCK, Aetna Life 53'j 53T4 Alex Ham Lf 7Ji AllAm l.H-i Allied Life S'i 5i lnnepenn Insurance Sec lnlerroast Co Inll Life Ins Am Banken Lf 13'i IS Am Family Lf 9 Am Fid Life Ifl'i Am Found Life 74, Am Founders 18 Am Oen Ins ini S'i 194 Intersl Life Investors Sec Sid Life Kennesaw LfAc VASHL'GTON-(AP) -The commerce department reports the smallest increase in personal income in 10 months and a further decline in new factory orders for hard goods during February. New orders for durable goods at $22.2 billion down eight-tenths of one per cent from January were the lowest in 17 months. The dual report completed the round of major government indices for February confirming sluggishness in the economy and adding fuel to opposition to the administration's proposal for a six per cent surtax.

Declines in industrial output and housing starts were reported last week. John Herbert, state treasurer and head of the mission, said Butche hopes the initial transaction will lead to a multi-million dollar business in the Philippines. George C. Shaw, president of Logan Monument Co. of Logan, presented a project proposal to Philippine national economic co-ordinator Alfonso Calalang on processing of coconut byproducts.

Calalang described proposal as "most welcome" and ordered his staff to begin work on it. Changes dinner meeting at the Engineers club were Rawn Brink-ley, NAA executive director, and John R. O'Donnell, University of Dayton professor of education, the speaker. Ora Ray Dawson, past national and Dayton president, handled the introductions. Edward W.

Rodgers, past chapter president, spoke along with Mayor Dave Hall and Ebel C. Cutler, president, who presided. Past presidents of the organization also were introduced. The commerce department says the $2.4 billion increase in personal income to $609.9 billion during February was the smallest gain since last April when the rate rose by $1.5 billion. The department reports payrolls in the private sector declined during February for th first time in almost 2 years, because of a shorter average work week and declining employment in manufacturing.

Wages and salaries in manufacturing fell about $1 billion at an annual rate latt month. total wages and salaries, however, continued to advance but only by $500 million at an annual rate following a $3.2 billion rise in January. Matrlitess service excellent facilities culinary delights for 4 to 400. 330 W. irf Street all catennt, mnuser 22J-71J1 CHANNEL MASTER CROSSFIRE lllL Cheese To Electronics; Ohioans Sell Filipinos tion RAYMOND R.

VOELKL, Dayton general sales representative, has been added to the Million Dollar club of Standard Register company for selling that amount of company products during his career. The club now has 260 members, 24 of whom were added this year LAU BLOWER company, named winner of the Sears, Roebuck "Symbol of Excellence" for the second consecutive year. It was given for residential power humidifiers supplied to the retail company NCR Files With SEC By Aninelatea' Prcni NATIONAL CASH REGISTER is seeking registration of $90,249,000 in 1992 debentures to be offered for subscription by common stockholders, the Securities and Exchange commission (SEC) reports. The debentures will be offered to stockholders on the basis of $100 for each 10 shares held at the close of business April 12. Proceeds will be added to the company's general funds.

WESTERN UNION Telegraph of New York filed a registration statement for 250,000 shares of preferred stock to be offered for public sale and 252,087 shares of preferred stock to be offered for subscription by common stockholders. The shares were valued at $102 each for purposes of fixing the registration fee. Shares to be offered for subscription will be based on the rate of one preferred share for each 30 shares held April 18. Any unsubscribed shares will be offered for public sale. Proceeds of the financing will be used for construction.

Ky Cenl.f Lamnr Life Lawyers Title Lib Life Ins Liberty Nl.ife Life Assur Car Life Assur Pa Life Cas Tenn Life Ins Fla Life Ins Kv Life Ins Va Life Inv Imvn, Linr Ainer Lf Line lncume Line Lib Lf Lincoln N' Louisiana So Lf Loyal Am Life Madison Life Manhattan Lf Mass (Jen Lf Mass Mem Mercantile. Secur Midwest Nal MidwnFn Life Missouri Fid Lt Mmlern Secur Monarch Lf MANILA-(UPI)- The Ohio trade mission, nearing the end of its Far Eastern tour, yes-t a concluded business deals in Manila ranging from cheese products to electronics equipment. Members of the mission spent a busy day, calling on Filipino government officials in the morning and keeping business appointments in the afternoon. Fred W. Fisher, president of Fisher Cheese Co.

of Wapa-koneta, signed an agreement with Liberty Flour Mills of Manila for distribution in the Philippines of his firm's complete line of cheese products. Fisher said it was impossible to estimate the exact amount involved, but the potential would run to about $4 to $5 million a year. Another major transaction was an order for 100,000 items of electronics test equipment, secured by Robert W. Butche, president of Astro corporation of Columbus. Am On Ins pf 37-1, S7'4 Heritaee Lf ll'i ll" Am Income Lf 1.1 13H Am Lire Cos L'7 3i Am Nlns Galv 14 Am Pioneer Lf 3H A Am Publir Lf Una vail Am Re-Ins 51' Argonaut 9-'i in'4 r.nhers Lite Bankers See 1Rif.

1' Benef Nil Lf Benef Sid Bimar stp Bonneville Svl S3 5 14 '4 IS I'navall BusMtn's Assr 3Si Calif WestnSl Iff is in i nYA Citizens Life Coastal Sla College Lf Am Colonial LfA-Ac Comh Ins Comw Life 3'i 1-J'i 1S- 194 si H34 St Conn Hen I. tit '4 Cont Amer Lf .17 Cont As.sur 7.1' 4 Contin Cas Contin Mlge 7' 7'4 Criterion Ins S5' S7 Monumen Life Ml Vernon I ONLY 24 Get All Legal DEDUCTIONS Before you spend $50 to $250 for any suit, spend 5 minutes and find out about DUNHILL'S fine suits at $55 to $165 Range Jul Auk Sep Oct Dec 10,1 in. 19 in. in 9.94 9 s11 9.78 in. 22 10 in 9 97 10 20 10 11 in no 9.S 9sn 9.78 72.

on 72.711 7,1 in 73.25 71.93 72.IKI 71.93 121 in inns 9 93 95 SM 72.no 72.711 73.25 73.35 71.95 72. on 71.95 M.33 10 10.14 inns 9.90 9.91 73.3.1 73.55 71.05 71.10 72 95 72.95 72.95 92 hOVBEAN MKA Mar 7.12ft 73.30 May 73.IHI 73 30 73.30 27.20 72.10 72.25 3. in 73.80 73.30 72.20 72.10 72.23 Au XT Jan Grain CHICAGO (APi- pre i nut fli Clrxe Hlrh WHEAT Mar I.R-J'i l.i 1.S.V, 1.91 1.SSH 1.42'i, 1.4J 1.4S'4 1.40Vi 74 74'i 75' i 7'i i.ZA'i 1. 1.31 1,38 2.SS14 2. RR 2.

ni 3. RH 1 774 lJS'k 1.7SJ4 l.S'." 1.87 13S'4 1.4 l'i HI 'a 1.44H 1.3S 71 73 7,1 74 '4 77' t.21 1.2H 1,32 2. 84 i 2M 2M S.M'i SJ.SO'i 2.7S,H 2. R2 1.7" lfn. l.MH l.M'4 1.S9H 1.39'i 1.42".

1.46i 1.4'i 1.40'4 72'4 74 74' 7.V4 78'. 1.33'i 1.28'i 1.29 -H 1.32'. 1.36 lfl l.sn'i 1.79-i l.M'4 1.89 1.38 1.4i)4 144 1.43 '4 1.38 71 '4 72-4 72', 74 7614 1.244 i.2;, 1.311 1.31 1.38H May Sen Dec f'OKN Mai' May Sep Dec OATS Sep Dee BVB Mar May Son l.STj l.M'4 1 M'i l.MV' 1.38'i 1.41 '4 1.15 1.4.V4 US Tl'i 7.V, 7,1 74 '4 77 l.M4 l.an'i 1..13 T.37-H T)er Mar 2.M 2.S7'i 2.M 2S7'i 2.S.V, 2.H8 SSO-i 2.S4 2.79 2.8214 3.S2'4 2.S3' May Aug Srp Nov 2. SS'i i.m 3.7!'i Ian MOVRMM Oil. Mar mis in, 15 May in.il io.27 ln.n m.u mas in.

I 10.2s On Your nD Graduate of Indiana Central college, he is former terminal manager with Modern Transportation Service. The Dayton operation becomes the company's 38th general commodity terminal operation. The company is sharing facilities with Harlow Cartage, which is doing all. of the pickup and delivery. $12 Million Gulf Plant NEW YORK (AP) A $12 million anhydrous ammonia plant will be built near Donaldsonville, for the chemicals department of Gulf Oil.

Our men arc good at temporary worh 9 I we're good at picking the right men or your work Call today for Loading help, Factory Workert, Warehousemen, General Laboreri. Uie our em ployaef at economical rate. MANP0WER will unm mmiir km iiuniiriH 224-7663 Thsrt or nsvy rulsi and rtgulationi on loti of things biidi COMPLETE quadrupled, too. Let RETURNS our fait, dependable tax men figure your 'VHF ONLY? return and insure you of maximum benefits. Drop in this evening.

Get New Channels 16 and 22 GUARANTEf guartntt atcurttt preparation of (very tax return. If wt mad any arrari that o1 you any ptnotty ar Initrtit, we will pay the penalty or Inlerait. miUIEL Convert Your Old TV Set to UHF In Minutes CHANNEL MASTER UHF MASTER 2721 UNDE 254-352 SPECIAL BUY BOTH 11 America'i Largest Tix Service 0erTlic-Counler 5uotallnn frnm NARP are vepr. aentativa Inlfrrlfalfr prirea of in-proxinialfly 3:30 p.m. yesturrlav.

lntar. rtoaler markjia chance throughout th day. PrIPM rln nnt Include retail markup, markdnwn, or commlsilon. BANKS Bid AaliM Flrat NU't X'i Third Nat't 23 2d Winteri (S10 par) 38' 40 IDIS1RIALS Alralreim 173i 1 American Greeting! ,11 'j rV." rayco (S'-ji IfSOi 124 127 Dayton Malleable 27 'i 2 Durlron 2 2H'4 Elder Beerman 8'4 ll Rh Evina 103, io Plxihle Frurli 12't rj, Oa. Inl Mte 2'4 12U Olnhe Inrluatrlea 7 9 Waaler ('onaohriatert ID'i IT-'i K.

Marlinnala 13', Mlrlweat Rfalty Monarch Marking 44'i 43'j Nationwide nn, fl1, Heynoina rteynoldi 49 ho'; r.nckwell Hit tea 'J'i Hirir, Taper vt Hitndanl Refiner 311. T'hnnlo(v 19'! 20 Unlvli a a CONVERTER SAVE gkZ SAVE (mrmry 55.00 QAVF 1 Black and Whit VFMFM Stereo $5,00 1130 WAYNE AVI. 530 AIRWAY ROAD FOREST PARK I WESTOWN I KETTERIN0 (413 N. MAIN 4321 W. THIRD 2701 WILMINGTON PK.

MIDDLETOWN I MIODLETOWN I FRANKLIN 1122 E. CENTRAL I 2609 N. VERITY 449 S. MAIN APPLIANCE CTIUV1SI0U WEEKDAYS A.M. te P.M.-SAT.

ens' SUN. -5 Ph. 29I-7349 irVO APPOINTMENT NECfSSARF i.

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Pages Available:
695,853
Years Available:
1940-1986