The Journal Herald from Dayton, Ohio • 21

Saturday, Feb. 15, 1969 JOURNAL HERALD 21 Bank Department Earnings Up J- Tl TO ii T7- lxecora set Moving To Knott Dmi 1968 ABC Exercises Option On Channel 16, But WEEF Planning To Put Up Fight Winters National bank's instalment loan department will move over the weekend to new quarters on the seventh floor of the Knott building, 40 South Main street. Two more departments are another broadcasting medium," he said. "This is a rule established by the FCC to prevent traffic-ing in television station Pitney-Bowes paced in part by its Monarch Marking Systems subsidiary, has reported record earnings for 1968. At the same time, directors announced a two-for-one stock split on the company's common shares.

Earnings for 1968 amounted to $15.4 million or $2.50 a common share on revenues of $220.2 million. The earnings represented a 16.5 per cent in r60 Area A Companies To Exhibit Sixty Dayton and Miami Valley Junior Achievement companies will be exhibiting their work and products this weekend at the Salem Mall. The annual trade exposition will take plate from 10 a.m. to 9 p.m. today and until 5 p.m.

tomorrow. Many of the companies will be turning out products on the scene, demonstrating the kind of jobs that keep some 1,000 teenagers busy throughout the school year. Visitors to the fair will get a chance to see such products as Krazy Kubes, a game; chopping blocks, desk sets, mod flowers, desk memo pads, jewelry, house signs and safety products. And printing and data processing companies will display their service capability. Junior Achievement is a national program designed to ac Nationwide Salutes I be handling all greenLine accounts, personal, auto, home improvements, deal crs and boat loans.

G. E. Fontaine, bank vice president, instalment loan, said the move will not cause any interruption of service, that hours and payment procedures will remain unchanged. The bank is doing extensive remodeling in the new space and Fontaine said the new facilities will give the bank mote room, with a carpeted and paneled lounge. Parking will be available in the Mall parking deck, at Fourth and Jefferson streets, and the official suggested customers park on the sixth floor and use the crossover to the Knott building's sixth floor.

scheduled to move into the building soon, giving the bank all of the seventh and a major portion of the sixth floor. The move, involving 40 employes and all records, will be the first step taken prior to construction of a $15 million main office complex announced earlier. The departments ing will be from the current large building on Main street, releasing space to operations now housed in the four-story annex to the rear, on Second street. Plans are to raze the four-story building and start construction on that site of the 30-story tower planned as part of the complex. In its new location, starting-Monday, instalment loan will Standard Register pinned down on the length of the delay.

"We have to work out a mutually acceptable agreement between the two companies and that could take some time," he "I wouldn't know about the time, though, a I never bought a station before." Campbell, who already has five UHF said the option was exercised Thursday, and that it will take several years more to got the station into the black. He declined to say when or if the ABC programming would be shifted to Channel 16, pointing out the network has a primary affiliation contract with Channel 2 which does not expire until next January. "Our contract with Channel 22 is only a secondary one and is cancellable on four weeks notice," he said. While 22 has been pinnig its hopes on getting the full ABC network programming, Mitchell thinks the station can operate independently c- tively, pointing out steps already have been taken toward that end. "We aren't sun.

just how long we can holu our ABC programming after the deal is announced," he said, "so we have acquired some good film packages and syndicated shows. 'I Spy' is one. "Moreover, the station has a good remote unit and we expect to devote more attention to sports, auto racing in the summer, high school sports, hockey and bowling." And while he isn't looking forward to operating without a network, a problem that has proved a stumbling block for 16, he admits an advantage of not having one is the ability to program what he wanted and where he wanted it. "For instance, we have been Carrying some ABC programs that were not effective primarily because we eventually hoped to get all of it," he said. At today's Kittyhawk meeting, shareholders will be allowed to buy two additional shares of stock at each for each share currently held.

Shareholders also will be asked to increase the number of authorized shares from By Brainard Piatt Journal Herald Stiff Writer ABC Television Stations exercised its option this week to acquire VKTR-TV (Channel 16) for $1,850,000 but. completion of the transaction could take from two to years. Kittyhawk Television corporation shareholders, owners of VKTR, meet today to vote on proposed sale of the assets and to provide operating funds until sale is completed. The extended delay, estimated by George Mitchell, could result because the general manager of WKEF (22) plans to put up a fight. R3ason for his opposition is rights to ABC -network programming, carried primarily in the past by 22 but likely to go to 16 after the sale if not before.

This programming is seen by observers as the difference between operating a station in the black or the red. Mitchpll said his statkn will file an immediate protest with the Federal Communications commission (FCC), once the deal is announced, and that this, if necessary, will be followed by court litigation. "We pioneered, did the spade work, for UHF in this market and now ABC is try-to capitalize on our efforts," he said. However, he admits UHF still isn't out of the woods here yet, that the station is in the red despite four and a half years of hard work. "We have been hovering around the break even point," he said, recalling his station had a black October and November but a red December and January.

John Campbell, president of ABC Television Stations, division of American Eroadcast-ing corporation, would not be quaint students with the prin Revenues Up, Earnings Dip ciples of free enterprise. crease over 1967 earnings of $13.3 milion or $2.17 a share. Revenues gained 18.2 per cent over 1967. Directors declared a quarterly dividend of 3u cents a share, and declared their intention to declare a quarterly dividend of 17 cents a share on post-split shares, if the stockholders approve the split. Fred Rieger, vice president of Monarch, said there was "no doubt Monarch contributed to the increase in Pitney-Bowes earnings." Monarch acquired last May by Pitney-Bowes is the company's largest subsidiary, accounting for approximately 25 per cent of its assets, Rieger said.

Rieger also said Monarch expects to start selling its new electronic optical scanner this year. He said the company is optimistic about future sales of the scanner, adding that a number of manufacturers have made inquiries concerning companion equipment to the scanner. Eleeted Chairman Yanema Fernandez, owner of Fernandez Art, has been elected chairman of the dealers section of the Hobby Industrial Association of Building Trades A veraged $5.27 Named Representative Dan a 1 i lias been named area marketing representative for W'estinghouse Electric corporation defense products. lie is a former representative of the aerospace division in Baltimore. VICTOR F.

THIEM AN, D.S.M. 700 American Bldg. SALES MANAGER OF. THE YEAR Victor F. Thieman Ft a veteran of thirty years i.i sales and sales management with the Nationwide Insurance Companies in the Dayton area.

He is recognized as the outstanding District Sales Manager of the year 1968 and will receive a Trophy to be presented on Feb. 15, 1969 at the Statler-Hilton Hotel in Dayton. Tht min from Nationwide is on your side. ifjationwide 'st-f Nationwide Insurance TOO American Iildc. Hemidftice: Columbus Ohi Hour In anna Standard Register company yesterday reported increased revenue but reduced ean.ings for 1968 in an unaudited preliminary report to stockholders.

Revenue rose to 591,957,141 from $90,915,638 a year earlier while earnings were down to Completes Course Donald E. Hunt has completed a marketing training course in Atlanta and has been assigned by Sinclair Oil corporation to the Dayton area. $2,802,577 or $1.30 a share from $1,303,229 or $2 a share a year ago. However, Rrnneth P. Morse, president, said fourth quarter figures showed a continuation of the recovery reflected in the third quarter.

For example: Revenue was up to from $23,471,499 and net income increased to $1,247,812 or 58 cents a share from or 54 cents. Morse said the year reflects the effect of a second-quarter strike plus a 13 cents reduction in earnings because of the tax surcharge. The company said the annual meeting will be held on or about April 16. U. S.

Treasuries NEW YORK (AP)-riosing U.S. Treasury Notes hid and asked prices in dollars and thirty seconds nnd apiiruximatc jield to maturity for Friday. WASHINGTON1 -(UPD- The labor department reports union building construction workers averaged $5.27 an hour in January, an increase of 7 per cent over the previous year. The report by tlie department's bureau of labor statistics shows plumbers with the highest wages at $5.89 an hour. For 150,000 to 300,000 to make this additional issue possible.

Company spokesman said money realized from the sale would go toward buying radio Stations anywhere in the coun- try we could find good buys, But Mitchell said the early I sale of Channel 16 might preclude this. "The law requires that if operators of a. television sta- i sell in less than three years, they cannot, individu- ally or as a group, acquire i Apr l'i lt6 99. 1 g.RS Mav S's, 19 SD.L'5 SH.L'7 6 "II AU4 6 lJIISt 6.13 Ort Vi Vm 97.lt "4 Apr l'i l7i May 1R70 Mt.3 99.7 6 L'S other journeymen trades hourly May 1H7II vi imi 6 .11 Metals Market wages ranged from $3.11 for painters to for bricklayers. Oct i97u w.2S ft si Nov 5 -JS fls.4 6.15 Fell 5i 1971 9v JO fi.l'J Apr l'i 1971 92.18 5.2 Mat 1971 9s I 9.JH S(xit Commodity Trlcei (Wholesale I'rev.

Year Yrtlerday Day Aluminum, IK Y. .27 .27 Antimopv, American III. N.Y .4175 (VI l'i 3971 'Hi S.4 Nov 197! 9sJ 9.1il 6 Fell 4- 2 9fi 111 6 12 Apr I 11172 s. XI. 5.2S Copper.

F.lectroh tic. N.Y. May 1972 95. 2 4 SIN tiokl 19,2 MiJU Apr l'j 197.1 S5 s.ti 1 mil SALE STARTS TODAY! Oct l'i 1973 sr. 5.: .131 .14 AUtf 1971 20 9H 6 nil Nov 1971 97.111 97 IS 6 26 Feb 5 1973 97 12 97 'n fin Troy oz.

N.Y. 42 79 Silver Troy oz. N.Y. 1 7.V) Lead. II).

E. SU Louis Lead. lb. N.Y. .11 Pis Iron.

b. Esn. fa gross ton 63 50 May 1973 99 I 99.12 6 12 S3 50 63.50 Feb 6'i 1976 lui.g lim.16 6 ir (T when issued Suhjpct In Federal laxei but not to Stale income taxes. rlatinuni. Tmy oz.

Y. 12O.O0-125.00 109.00-111 00 Quicksilver, liaik N.Y. 537.00 530 00 SI eel Sci-ap, crrs ton, Pliil.i.-Clii. -Pitts. 2M7 217 S2 53 NEW YORK fAP Clcwlnz nvor the counter U.S.

Government Treasury hnnds. hid. asked, net change and yield tor Fndav: Tin. lb. N.Y.

3.67'i 1.67'i I 46 Zinc, lb. K. St. Louis .14 .14 .13 i 9 2R SK.2S 97.22 .2 2'is 69-4 June 9' 2t 69 Oct 9 22 Ti 9-4 Dec 97.1S 4 70 Ken 97. 2'-s 7(1-65 9ti JK 4s 70 Aug 9ti 71-6S 91.1 4s 71 95.

I'I .20 5 97 5.4ii 6 14 6.lH 1.1 6.IKI Silver Futures YORK fAP Silver futures clnvNl lo 550 higher. Sales 5.434 94.16 5. 71 99 96. 2S 97.2 91. 9,1 IS 91.21 9421! 9U.30 94 9(i in 92.12 92211 92.

Ill 5.51 S9.1 .2 'a .2 t. .11 1 Hlch Close Keh 17S.50 173.M 17S.50 379.511 V) 37f Aw i9o.ei I75.wi no. so May 175.00 lsJ.Sn: Jul 16.00 178.00 15.S0 Sep. i.o ist.io itn.ai Dee 115HI l.sb.00 111.10 Jan. T7.30 1S7.30 lij.70 Mr aw.oo mm 1S6.U0 202.70 2 S9 2 J.

93 2 S.92 9 92.22 .2 4s 72 Feb 2'is 72-67 June 4s 72 Aug "-s 72-S7 Sep 2s 72-67 JJcc 4s 7.1 73 74 4, 74 3 74 4s 3'fl 90 3', M-7S Z4 Si 5-75 9 4s S3-sS l-9 3s 95 S'l .4 5C2 filll 9412 911.22 9.1.24 92 14 92.12 92.2 9214 9H.4 MIS 79.18 71 VI 4 72 21 V7.12 75 4 7V12 'JO 72 75 5 S.I VI?) 5 77 VJ 16 5 .12 5.7" 77.28 112 7H 4 5 6 Mi 7 4 .12 4 World Gold Prices LOXPOX'AP) -Friday's closing gold prircs in S. dijllais per ounce: Pa us 4.V3S Ki inkfurt -40 57 x.ur i ii 3 4 5.11 J'aS 9S PniTj nuolrd Uollais am tlllllj- Hi-nut Seconds. Grain Itangc KOI BK.t.V OIL CHICAGO iAPi Krlday: Trv. tilth I.nr C1n thiwHy 153 31 7 7 Vl 7 7.35 Jul iS ei Ort liee; Jan nHLir Mar i i i nr, May 135. l.M l.Vi'i is.v, r-'i'j 1 I3i i sr.

Sep 1 ri7-, 1 1 57 1.57 1 37. Iv l.Kt l'i 1.4-' Mar 1 15 1 I l.t.Vi 1 3 1 1 1.1 1 1. Jul 1 l.l'l 3. 1 st -i'i r. -i la 1.16 1.16 i 1.13s, x.15:, l.li 71 TO TITfi Tv5i) Tl 45 7.I 4H 714l 73.3.

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