Alton Evening Telegraph from Alton, Illinois • Page 14

PAGE B-fi ALTON EVENING TELEGRAPH FRIDAY, NOVEMBER 17, 1967 Small Business Says May Get Funds A DEAR CY: I get mlghlly mad at these employers who are reluctant to hire someone who resigned from the last job because of nervousness. For this reason, 1 had to By JOHN fUNNIFF Huslnrs Analyst NEW YOTiK (AD Some quietly enacted legislation and nn meeting of fin- quit my last office job. I am 1 1 1 better now and anxious to get back to work. Those who inter- amount of funds available to bore this week may load huge increase in the view me have the brass to say. "We will let you know." then, of course, they never do.

Do you think they know about my previous nerve problem? I would take full-time or part-time work preferred but no guff. Life is too short, Cy. FRIEDA DEAR FRIEDA: Past nervousness shouldn't hurl your chances uork in today's labor market. That is, unless your nervous condi'ion leads to arguments, tirades, or hair pulling contests. In a crowded office, nerves a crack.

I know two women who fought bitterly and loudly over a coat hanger. One last her job because of the altercation, specifically because she made the biggest commotion. Perhaps you have been away from your work long enough to get rusty, in which case you might polish your skills at a secretarial school or adult evening class. Good part-time work, however, is very much in demand and very difficult to obtain. One employer advertised for part-time help through the want ad pages of his newspaper and received 22 replies.

He says, "We quickly found four very able women and had to turn others just as good away." I suggest you call at employment agencies and temporary help firms, and read the want ads religiously. Also consider something else. Maybe your problem, Frieda, is more nerve than nerves. Like the lady who called at a doctor's Office claiming she had nerve trouble. She did.

Upon leaving she asked to borrow $10 for the treatment, and another $5 for her prescription. CY DEAR CY: It is positively indecent, the way stenographers' skirts are so short these days. This is an atmosphere in which to send a husband to work? MRS. DAVID DEAR MRS. DAVID: Last week, I followed a girl down the hall who was squeezed into a knitted bathing suit.

To my surprise she was applying for a job in my office. Skirt hems have been raised so much that manufacturers of floor-to-hemline measuring devices have had to produce longer units. As skirts get shorter, their merchandise is still in short supply. I love to think back to the good old days. That was when women wearing mini-skirts were either ballerinas, jugglers, or lady acrobats.

In those days, talent was a beautiful thing to see. CY Produce Prices At St. Louis small but growing businesses. The aclions are bound to have a lasting and profound effect on the American economy. For one thing, they are expected to be especially meaningful in financing growing companies through their critical adolescence, when they are still Honolulu Has Top Living CostS By THE ASSOCIATED PRESS If you're married, have two youngsters and earn arounc $8,000 a year, Honolulu is not for you.

Austin, is more youi speed. That was the gist of a recen federal report that said the two cities were, respectively, the most expensive and least expen sive of 39 U.S. metropolitan areas studied. A random sampling of 33 items from houses to hamburgers by Associated Press reporters in both cities buttresses the Bureau of Labor Statistics report. The cost of a new three-bedroom ranch-style house in a good, but not exclusive area, in Honolulu was put at about $27,000.

The figure for a similar house in Austin: $22,500. privately owned but nro attempting to attract public- investment in their shares. The legislation and the meeting have come also at a critical time for some small businesses which, without proper funding in these times of recurring tight money, have been selling out to larger corporations. Tlie legislation, signed Oct. 11 iy President redesigns the nation's Small Business Investment Companies, which are independently owned financiers licensed by the federal government.

The job of these SBICs is to supply venture capital to small companies, which badly need it, greatly deserve it, but often cannot get it. Because they arc licensed, regulated, take high and perform a needed unction, the SBICs may borrow rom the government some of this venture capital. The October legislation ha? now greatly increased the amount SBICs may borrow for such reinvesting. For example an SBIC with $4 million in pri vate capital could borrow only $3.05 million under the old law nit $10 million under the now. In addition, the government KIS made it much easier for the SHK's to attract money from it her private sources by igreeing to subordinate its oans.

that is. take second claim on assets. Because they have assurance if first claim to repayment, pri- lenders are expected to be ar more willing now to invest heir money in SBIC's. And as he SBICs grow, of course, the uore they can lend to small nisinesses. These events, the culmination if a nine-year fight, led the way his week to a meeting of more ban 20 SBICs and some of the argest suppliers of business capital, such as insurance companies, trust funds and pension fund.

The purpose of the meeting was to explore the establishment of a bank from which SBICs would have a continuous source of private funds for reinvesting in small companies. As a result, the SBIC program, which has been in many difficulties during its short existence, is bound to be a far more potent economic force. Grains Up Slighdy Early Today CHICAGO (AP) Grain and soybeans futures advanced slightly today on the Chicago Board of Trade, Influenced by good commercial and local buy- Trading Active as Stock Market Remains Higher ing. Trade was at best moderate, aside from the opening activity. There was some early commercial buying of several hundred thousand bushels of wheat and this caught the interest of local traders who moved in on higher prices.

On the selling side were exporters and brokers with elevator Interests. Fairly good exports and tightening up of Chicago stocks were Influences on higher soybeans prices. There was some good commercial interest in soybean meal and soybean oil, which also tended to influence soybeans prices. Wheat was to cent a bushel higher, December corn was unchanged to lower, December 1.12%: oats were 14 higher, December cents; rye was unchanged to 14 higher, December l.lfi',4 and soybeans were to higher, November 2.64%. Livestock Prices At East St.

Louis NATIONAL STOCKYARDS, 111. (AP) Estimates for Monday: Hogs cattle calves 200; sheep 800. Hogs barrows and gilts 1-2 200-230 Ibs 18.50-19.00; 215250 Ibs 17.25-18.50; sows 1-3 350-650 Ibs ST. LOUIS (AP)-Eggs, consumer grades: A large 28-30, A medium 22-24, A small 14-17, large 23-25. Wholesale grades; standard 22-24, unclassified 1819.

Hens, heavy 11-12, light over 5 Ibs 7-8, under 5 Ibs 4, broilers and fryers And in Honolulu most homes are built on leased land. You buy the house but rent the land it sits on. The annual property tax for the Honolulu house would be $483. In Austin it would be $360. Rental housing also was found to be more costly in Honolulu, where a two-bedroom apartment in a new apartment house rents for about $150 a month.

The comparable Austin figure: $125. The federal report said that a typical family of in their late 30s, son 13 and daughter need $11,190 Honolulu, Hawaii's major city. The figure for Austin was approximately $8,000. Why the big difference? According to Arthur Chase, assistant commissioner of the Bureau of Labor Statistics, the basic reason is that most items in the family budget must be shipped to Honolulu and these costs push up prices. Austin is said to be typical of many smaller metropolitan areas in the South where housing and transportation costs are lower.

Another factor is weather. On the southern United States mainland, families don't have to spend so much for heating, heavy clothing and basic heavier housing construction costs that run up the prices in colder climates. NEW YORK (AP)-The stock market remained higher early this afternoon as it tried to make good its third straight daily advance and post a net gain for the second straight week. Trading was fairly active and gains were spread among a wide selection of blue chips and glamour-growth issues. The market advanced from the start and widened Its advance slowly with some pre- weekend caution apparent.

The Dow Jones industrial average at noon was up 4.57 at 864.31. An encouraging backdrop was provided by news that the department of commerce had re vised upward its previous report on the third quarter gain in the Gross National Product. Also helpful was news of ad- Bottle Blowers to Negotiate PHILADELPHIA The Glass Bottle Blowers of the AFL CIO, which represents some 40,000 members including workers at Owens-Illinois Glass Co. in Alton, will commence negotiations with industry here KECLASSIFIED John M. Ratliff, 19-year-old freshman at the University of Oklahoma, will appeal the reclassification handed him by his Tulsa Draft Board.

The American Civil Liberties Union announc- ed Thursday it will assist Rat lit! in the appeal. Ratliff said he was reclassified 1-A because of his activities in an antiwar group. (AP Wirephoto) Iii and Out of Area Hospitals Honolulu is an exception to this because its weather advan- Nov. 28. The negotiations between the union and the glass container industry are starting a month earlier than previously scheduled.

vances in home building, rubber company sales and earnings and auto production. Gains of fractions to 3 points or so were scored by leading stocks. The Associated Press average of 60 stocks at noon was up .6 at 311.0 with industrials up 1.1, ails up .4 and utilities up .1. The session was highlighted by a delayed opening in Occidental Petroleum which dropped to 98 on an initial block of 41,000 shares, then recovered strongly and showed a net gain of nearly 2 points. The stock fell Thursday amid adverse rumors.

Occidental Petroleum was the most active stock except for R. J. Reynolds which took a commanding lead by virtue of a single block of 197,400 shares. Reynolds was up a small fraction. Rubbers did well, in view of encouraging reports.

Goodrich and Uniroyal rose a point each while Goodyear added a fraction. Prices on the American Stock Exchange were generally higher in fairly active trading. 12 Selected Stocks Following are today's 1 p.m. quotations of 12 New York Stock Exchange issues research has ndicated are widely held in the Alton area as supplied to the Alton Telegraph by Newhard Cook from its Alton nranch office. The New York 350 Ibs 15.0 14.25-15.00.

Cattle 400; calves 100; choice steers 1,000 Ibs 26.00; heifers good 875 Ibs 23.50: cows 14.2516.00; choice 30.00-34.00. Sheep 50; no quotations. 13-Year-Old Boy Gets 25 Years CHICAGO (AP) Michael Hammond, 13, maintaining his innocence to the end, was sentenced Thursday, to 25 to 30 years in prison in the execution- style slaying of a 12-year-old. 'This would be a case for the electric chair if it were not for your age," commented Judge Sidney Jones of Circuit Court. "I feel sorry for your parents, but I also feel sorry for the victim." Michael listened to the judge's words as he sat in a chair, his feet barely touching the floor.

Judge Jones added: very unpleasant what I have to do. But this was a vicious, cold- blooded, planned murder." Before leaving the courtroom, Michael told the judge, "I didn't do it." Michael was charged with tying Robert Richardson to a bed in Robert's apartment Feb. 7 and shooting him with a St. Joseph's ADMISSIONS Steven A. Hill, 2723 Grandview Mrs.

Bessie J. Brooks, 4 Holly, East Alton Mrs. Evelyn V. McClinton, 1925 Gross Mrs. Eugenia B.

Taviner, Hardin Clarence L. Lewis, 1114 Lorena, Wood River Mrs. Betty S. Hansen, 806 Ridge James N. Batty, 716a W.

St. Louis East Alton Mrs. Phyllis J. Curry, 811 Cherry, East Alton DISMISSALS Miss Barbara L. Cannon, 701 Hampton tage is more than canceled outj The contracts under negotia by shipping costs.

iber pistol, witness testified Michael VISITING OLJN G. Keith Funston, ot the board of Olin Mathieson Chemical Corp. iind lormcrly president the New York Stork I at Kasi Alton Wednesday. Fimston ami Oliii (iordmi toured the lacili- lus at tin plant on ilicir way to Marion, 111., the corporation's hoard of directors met Thursday. Above, Fuiistoii is shown visiting ('hutlcs '1 alley, Olin Division employe, during visit to the company's casting plant.

lion affect production and maintenance employes and workers in the "hot end" of the glas container plants. GBBA President Lee W. Minion said today that he was confident an equitable agreement could be reached by the two par ties before contract expiration time, which is Jan. 31, 1968. And, Thomas Rimer director of Labor Relations for the Glass Container said, "We are hope ful we can achieve an early con tract settlement by advancing the bargaining schedule by six weeks." "Certainly our member com panies will make a good faith effort to do so," Rimer added Barbershop To Open at Hcarthside A new barbershop, The College Avenue Barbers, has opened in the former Hearthside Restaurant building at 2611 College Ave.

The three partners involved in the new shop arc Earl Kiiby, Walter Mroun and Clare i 1 Svult The new shop opened for bus- mess on Tuesday. The major portion of the restaurant is occupied by Campbell Pharmacy. Exchange closes daily at 2:30 (Alton time), so these are not the closing quotations: General Motors 79V. Granite City Steel Olin Mathieson Owens-Illinois Shell Oil 63 Sinclair Oil Mobil Oil Standard Oil (Ind.) Standard Oil U.S. Steel 4lijj Sears 56? went to Robert's home to seek revenge for testimony he had given against Michael in a court hearing.

Michael was convicted Oct. 11. George E. Crawford, West Alton, Mo. Mrs.

Mary E. Ellis, Godfrey David 0." Fulks, 756 Lincoln, Wood River Mrs. Elizabeth Hill, 802 Hawley Mrs. Cornelia C. Parrill, Rte.

2, Edwardsville Mrs. Robert H. Ramsey, 316 Dry, East Alton Richard Probat, 126 First, Carrollton Michael J. Winn, Godfrey Charles A. Brim, Rte.

1, Bunker Hill Alton Memorial ADMISSIONS Mrs. Lucille Brewer, Fosterburg Road Miss Sally Born, 1216 W. 9th Clifford Buzzard, Hartford Rodney Gvillo, Rte. 1, Alton Mrs. Nancy Crider, Cottage Hills Arthur Cooks, Godfrey Mrs.

Nora Lamkin, Glen Carbon Mrs. Elizabeth Tsimpris, Wooc River Mrs. Joann Brimer, Wood Riv er Mrs. Edith Fry, Bethalto Mrs. Mildred Schmidt, 3331 Brown Calvin'Hoops, California Valter Moss, Eldred diss Judy Bramhall, 1104 Quincy Ct.

'Irs. J. Frances Robinson, 2525 Ida 'amela McAninch, 622 Olmstead David Wilkins, 1907 Piasa Vlilas Suits, East Alton VIrs. Madge Hancock, Cottage Hills 'ural Beers, 3417 Milton Dr. Varren Farmer, Dow Robert Smith, Cottage Hills VIrs.

Mary Davidson, Wood River Stanley Hawkins, Cottage Hills DISMISSALS VIrs. Blanche Tallyn, 3852 Aberdeen lohn Parker, Wood River Mrs. Marvena Brown, Brussels Mrs. Asa Avants, Bethalto Mrs. Janice Rodgers, East Alon Myers, Cottage Hills ry Davis, East Alton leannie Suarez, Bethalto Mrs.

Rebecca McAllister, Edwardsville Mrs. Judy Hutchinson, 215 Dry Robert Greenwell, 2308 Sunset Mrs. Dorothy Barton, Dow Mrs. Mildred Wilfong, Cottage Hills Mrs. Willie Reed, 1834 Woodland Msr.

Florence McGuiggan, 1815 Sycamore Mrs. JoAnn Napp, Wood River Neil Bovver, 223 HyVista John G. Wills, Godfrey Mrs. Jerrie Doussard, Bethalto Mrs. Betty Sinks, Cottage Hills Mrs.

Jennie Proffer, 440 Jefferson Frank Doerr, Hamburg Mrs. Verla Seely, Roxana J. Joe Ravenstein, 1721 Centra! Mrs. DeVella Juenger, 320 Dool ey Wood River Township ADMISSIONS Mrs. Mary E.

Grant, 51 Elf gen Cited for Building Renewal Gene Elfgen, owner of several office buildings in Alton, was honored at a luncheon Thursday by 35 East-End businessmen, who presented him a painting of two of his largest structures. Referred to as ''Mr. Urban Renewal" for his clean- "MK. UltBAN KKNKWAL" Gene Klt'gi'ii, who has developed many iicvv buildiugs iu Allou, presented a painting ot two of his structures by 35 business associates who honored him at a luucheou Thursday. ing up of business areas and constructing of new buildings, Elfgen was presented a John Lovvery painting of his Elfgen and Metropolitan buildings which are across from each other on Henry Street.

The luncheon was a surprise to Elfgen, who will be 68 on Thanksgiving Day, and the gift was a surprise to all the businessmen except Kenneth Kloos, who took up a collection and had Lowery do the painting. Kloos had the group awe- si ruck when he presented Elfgen a fancy wrapped box which contained a $15 savings account to the Bank of Alton. (Elfgen is a director of Alton Banking and Trust Co.) Alton Mayor Clyde Wiseman and Dr. Robert Elliott, president of the Greater Alton Association of Commerce, praised Elfgen's accomplishments and paid him debt of honor. Joseph Warclein, a business partner with Elfgen, sponsored the luncheon.

Elfgen, in thanking the group, said he hopes to continue his work in Alton, "because it's a good town and bag a lot to otter." Penning rs. Nancy Jo Burney, 312 Elble ictor V. Smith, 141 Charlene, East Alton Edward Whalen, South Roxana avid S. Yates, 563 Pine, East Alton ichael F. Sandretto, Pocahontas arold R.

Rutledge, 1140 Vernie, Alton DISMISSALS ennis Guy Bottoms, Rte. 1, Moro Irs. Carmen Patterson, Cottage Hills Irs. Karen R. Hersman, 3619 Coronado, Alton onnie E.

Coughlin, 210 Cooper, East Alton amela Michele Kitsch, Hartford ilrs. Ethel D. Belden, Hartford arold Lee Rice 2913 Forest Alton Irs. Cheryl V. Cheatham, 5203 Black Oak, Alton ohn F.

Wise, 908 Tonsor, Alton Irs. Elsie M. Reynolds, 2923 Werges, Alton Bonnie L. Miles, Hartford St. Anthony's ADMISSIONS Mrs.

Leola J. Kohler, 2401 Eb beler J. Stoeckel, 169 East Alton, East Alton Mrs. Ruth I. Eaton, 525 Sering Vliss Catherine Bono, 219 McClure Mrs.

Edna Jacobs, Rte: 1, Godfrey Roy E. Hamilton, Rte. 1, Brigh ton DISCHARGES Mrs. Ann J. Dalton, Rte.

4, Ed wardsville Mrs. Anna Couch, 1142 Beau mont Mrs. Mathilda Stahlhut, Rte. 2 Godfrey Mrs. Edith Wingerter, 489 Wil Hams, Wood River John B.

Taylor Sr. Rte. 1, Jer seyville Miss Debra Caldwell, Sullivai Boyd Memorial Carrollton ADMISSIONS Mrs. Myrtle Meyer, Hillview Mrs. Mildred Hamer, Greenfield Donald Cunningham, Carrollton DISMISSALS Mrs.

Dottye Pence, Hillview Mrs. Ida Hunt, Greenfield Miss Karen Price, Eldred Jersey Community ADMISSIONS Joseph Kamp, Golden Eagle Mrs. Arlene Brodbeck, Batchtown Mrs. Ellen Godfrey, Godfrey Aloys Schleper, Jerseyville ville Miss Amanda Sweeney, Hardin DISMISSALS Leo Simon, Hamburg Mrs. Linda Sutton, Jerseyville George Ilenneberg, Jerseyville Frank Hardy, Jerseyville Mrs.

Marie Held, Brussels Charles Lasater, Hardin Mrs. Daisy Calvey, Hardin Clarence Gresham, Kampsville St. Highland ADMISSIONS Mrs. Hulda Kipp, Edwardsville Elmer Berends, Rte. 4.

Ed Wardsville Miss Karen Taylor, Edwardsville Kamillo Baronie, Glen Carbon DISMISSALS Mrs. Esther Finke, Edwardsville Mrs. Patsy Henke, East Alton Wood River Seeks State Building Wood River is bidding for a lassive state building which vill house seven public agencies 0 serve a 15-county area. Five other downstate cities in he bidding are East St. Louis, Granite City, Centralia, Collins- and Mt.

Vernon. The building will contain state ffices for the Youth Commis- ion, Public Health, Public Aid, Division of Vocation and Re- labilitation, Children and Fam- ly Services and Crippled Children's Service. The Wood River site is north if Ferguson Avenue near Rte. The Wood River city council May appropriated $10,000 for he purchase of five acres which would be dedicated to the state. The proposal has lain dormant until revived at a public hearing at East St.

Louis this week. Wood River's informational presentation was made by a member of the civic action association, a downtown business group. City Manager Virgil Barnett the Telegraph that the presentation was worked up over the weekend and that no public meetings had been required or held on the proposal. The new building is expected to be under construction by July 1 at whatever city is selected. Some 250 persons are expected to be employed in the offices.

DofUV Officers Elected JERSEYVILLE Daughters of Union Veterans nominated officers for the coming year at meeting and election Thursday al the Mrs. Leo Cason Home, Jerseyville. Nominated were: Mrs. Velma Bosworth of Jerseyville, president; Mrs. Ruth Hinderhan, of Alton, senior vice president; Mrs.

May Mottaz, of Jerseyville, junior vice president; Mrs. Ruth Church of Alton, chaplain; Mrs. William Hefley, Dow, treasurer; Mrs. Ed Arter of Jerseyville, secretary; Mrs. Norma Henughan, guide; Mrs.

Emma PowelJ, Jerseyville, patriotic instructor. The nominees will be elected and installed later. Jersey to Buy New Police Car JERSEYVILLE The City of Jerseyville will purchase a 1968 model Ford police car from Jerseyville Motor Co. The Jerseyville firm was the low bidder with an offer of $1,343.54 with trade-in of a 1965 model Dodge. Other bidders were Sunderland Motor with a bid of $1,841.25 for a 1968 model Chevrolet; Jersey County Mo'ior with two bids, and on two different Dodges..