The San Francisco Examiner from San Francisco, California • 57

Page 57 So Corporate Recruiter Head Hunters Hit Stanford Campus By DONALD K. WHITE Examiner Financial Editor iratt iFranrisrn Examtnrr rriW FIRST WAVE of landed this week on what will be a major assaul the Stanford campus. Ford Has Big 3rd Quarter DETROIT, Nov. 1. (AP)-Ford Motor Company today It consisted of a handful of corporate recruiters conservatively tailored chiefs at the ready.

These persuasive head hunters hope to pick off the cream of Stanford's class of 1962 for their corporations. Of the 500 or more the campus between now unleash their charms on university's highly rated Broadway-Hale Sells Unit for $10 Million To keep the recruiters from applying the exces sive pressures and blandishments used by athletic coaches and old grads to college campuses, the university has set up ground rules to make sure graduating students are able to keep a level head during the corporation-studen mating season. TNDEIt THE RULES, all ducted on the campus student must initiate the Broadway-Hale Stores yesterday sold the Dohrmann Hotel Supply Co. to Starrett Los Angeles diversi fied holding company, for $10 million cash. Dohrmann Hotel Supply, a wholesale subsidiary of Broadway-Hale, is one of the country's oldest and largest manufacturers and distrib utors of restaurant equipment and supplies.

The 111 year old fir mmaintains plants and facilities in 19 western cities and Hawaii. Broadway acquired Dohr mann Hotel Supply Co. in 1956 when it purchased for The recruiters are not supplied with a list of gradual ing students. "We don't like to have our students pursued," says William L. Lowe, director of business and tech nical placement at Stanford.

"And we don't like shop in motels off the campus. Lowe says that the student getting his master's degree in business administration next year will inter view an average of 12 company recruiters in the next 7 NEW JOB Kenneth F. Ilallinait (above), former director of customer relation of the American Machine ami Foundry Co. yesterday joined Ililler Aircraft Corp. as vice president of marketing.

He replaces former vice president of commercial sales A. W. B. Vincent, retired. Kern Land's Earnings Up Kern County Land Com pany reported an increase of 11 per cent in net earnings for the first nine months of 1961 over the same period of 19S0.

The company said net earn ings for the first nine months of this year were $12,472,000, equal to $2.88 per share. For the same period last year net earnings were $11,172,000, or $2.59 per share. Total revenues for the period were $75,310,000 in 1961 and $70,498,000 in 1960. 2 Trustees for Cal-West Firm Federal District Judge Al bert C. Wollenberg yesterday appointed Sam Kagel and Armand S.

Cohn as inde pendent trustee and co-trus tee, respectively, in the reor ganization of Cal-West Avia tion. The appointments followed the Securities and Exchange Commission request to move in on the proceedings in the interest of sharehold ers of Cal-West Aviation. A 7 seven months, if he runs by his predecessors. Market Pattern Mixed At Start of New Month Business Assist Call Made NEW YORK. Nov.

inc Kennedy administra non pledged itself tonight to a foreign economic policy of for the whole non-Communist world. It called on business and industrial lead ers to help make the policy worK. In a speech to the Nationa Foreign Trade Convention Here, Under Secretary of State George W. Ball pro posed a repudiation of pro tectionism "to open the doors and windows of our economy to the competition we must face in world mar kets." And he forecast: "What we may well see emerge is the concentration of nearly 90 per cent of the total iree world exports of industrial products in two great Common Markets the Common Market of Europe consisting of over 300 mil lion people and an as yet un determined number of states and the Common Market of the United States consisting of 180 million people and 50 He assailed "defeatism" among businessmen about competing with foreign pro ducers. He outlined three proposals the Administration evidently will present to the next Congress: 1 The Federal Govern ment "should be empowered to provide assistance to sustain and facilitate" the transfer of labor and capital from industries "which cannot, stand up to foreign compe tition." 2 The President should have authority to negotiate tariff cuts and reduce trade restrictions with the Euro pean economic community to achieve 'much broader and more ambitious bargains on behalf of industry." 3 The proposed new legis- ation "must also establish a basis for continuing an open trading world" with nations other than those in the Common Market.

Ball declared the United States should not now be either surprised or dismayed if the Europeans practice the free competition which Americans have preached. OGEGDGD "Contrary to public opinion, the business school graduate with a liberal arts background competed successfully with his more highly publicized class $9,818,947 cash 99.2 per cent of Dohrmann Commercial Co. Dohrmann Commercial Company, a retail subsidiary, will be consolidated with Broadway-Hale Stores, a spokesman for the company said. Dohrmann Commercial Co. operates home furnishing stores specializing in the sale of china, glassware, silverware, in San Francisco and similar departments in 12 coast department stores including The Emporium here and Capwells in Oakland.

Starrett listed on the American Stock Exchange, numbers among its subsidiaries Albert Parvin and funds had bought stock. Litton Industries spurted $6. Zenith fell $4.75 and Fair child Camera $3.75. The major steel producers were mostly lower in the wake of U. S.

Steel's report of lower earnings. Big Steel dropped 62va cents. The Big Three motormak ers posted fractional gains Chrysler (ex dividend) did the best, gaining 75c despite to- morrows strike deadline. A rise in auto output in October was reported for Chrysler and General Motors while the totals were lower for Ford and American Motors. not an ofier of these securities for mates with a science or Lowe says.

"While the majority of men were interested in marketing and sales, as in the past, there was a noticeable increase in interest in banking, accounting and finance." cccc long prominent in the field of hotel decoration and furnishings, and Pargold Enterprises, San Diego retail-wholesale furniture store with branches in Phoenix and La Mesa. The combined annual sales of the Parvin and Dohrmann Hotel Supply will exceed $35 million. The Dohrmann Hotel Supply Co. will continue as an autonomous operations under present management headed by Harold Pischel, according to Edward W. Carter, president of Broadway-Hale, and Albert Parvin, president of Starrett.

Safeway Ups lis Dividend To 10 Cents Safeway Stores jester-day increased the quarterly dividend to 40 cents a common share, payable Dec. 30 to stockholders of record Nov. 30. The company paid 37 cents per share In previous quarters this year. Sheraton Plans Waikiki Hotel HONOLULU, Nov.

1. (UPI) The Sheraton Corp. announced today plans to build its sixth hotel in Ha waii, a 400-room $4.5 million building on Waikiki Beach sale. The ojfer is made only by the accrued interest E. announced a third quarter profit of $79.8 million, tho biggest for the period since it became a publicly owned corporation in 1956.

Equal to $1.45 a share, the net compared with $51.4 million, or 93 cents a share, last year. ALONE IN FIELD Ford is the only auto company so far to report im proved profits for the July-September period. Stude-baker-Packard lost less money than last year. General Motors was off $12 million at $88 million and Chrysler dropped from a profit of $1.4 million to a loss of $4.8 million. American Motors will report later.

This was the second straight quarter in which Ford has improved on its 1960 performance. Despite this, the profit of $289.2 million for the first nine months still trails the similar period of last year by $27 million due to a poor first quarter. VEHICLE SALES Vehicle sales for the first nine months of 2,171,709 units cars, (trucks and tractors) were 8.2 per cent lower than during the similar period of 1960. Eicliler's Profit Off Eichler Homes Inc. yesterday reported sales and profits were below a year ago for the nine months ended Sept.

30. Net profit totaled $326,875 or 73 cents a share on sales of $13,383,064 for the first nine months of 1961. This compared with net profit of $345,630 or 79 cents a share on sales of $14,261,973 for the same period last year. Frospectut. F.

Hutton Co. Incorporated with squared-off handker recruiters who will invade and May, at least half will the graduates-to-be of the Graduate School of Business get star players onto some interviews must be con- in a designated area. The request for the interview. to have companies set up true to past performances engineering background," complaint voiced by stu TERRA FIRM A What do you want-to know before you buy a security? last bid price? about its past performance and future prospects? Tour nearest Hooker tt Fay, Inc. office can quickly give you all this information thanks to our direct wire service to major financial centers, our Quotron system, excellent research facilities and eastern correspondents.

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Mtmbtri: New York ana" Paiiffe Ceast S'ock Exchange Aiieci.l. Mimbiri American Steele EiKhsng 231 Montgomery Street San rreneliee 4 YU 1.4403 2i Cofumbui Avtnut, Son Frentiica 11 turlingamt RtrJwood CHy Sonla Out Walnut Cfjt BREAKING DOWN the different career directions taken by the 130 graduates of the business school last year, Lowe found: Twenty-three per cent took their first job in marketing, 20 per cent chose finance, 13 per cent general administration, 12 per cent accounting, 8 per cent general management training and 7 per cent engineering. Teaching, purchasing, personnel and production attracted less than 4 per cent each. In the last three years, the graduates have tended to snuggle up to the larger corporations those employing 15,000 or more and eschew the medium sized companies. The proportion of graduates accepting employment with companies having less than 1,000 workers remains fairly stable at 40 per cent.

30,000,000 NEW YORK, Nov. 1. (AP) The stock market began November with a continuation of cross currents, resulting in a mixed pattern with some wide moves either way. Trading was this week's slowest. Strength in utilities and some other "defensive" issues was a continuation of past performance during the ir regular action of past weeks.

Some of the erstwhile "glamour" stocks made wide gains and others fell back ward. Polaroid rose $10.50 to $216, responding, analysts said, to third quarter reports showing some investment I I This is NEW ISSUE Lehman Brothers Goldman, Sachs 3Vi ,19 Corporation Convertible Subordinated Debentures due October 15, 1981 Yet the most frequent dents, according to Lowe, is that not enough opportunities are available for employment with small firms. The difficulty here may be that small firms cannot afford to send recruit-i ers to the campus. Accus lomed to being wooed, perhaps the students have forgotten what it feels like to look for a job. The maverick in the crowd of apparently con- forming graduates who viarched off the campus with their master's in business last year was one stu dent who accepted a job as a guide for tours into the jungles of Brazil.

He has not been heard from since. S. F. Business Cain September business activity in San Francisco slipped 2.1 per cent from August but was 2.7 per cent over September, 1960, the San Francisco Chamber of Commerce research department reported yesterday. Price 100 and 'Copies of the Prospectus may be okained from only such of the underwriters, including the undersigned, as may laufully ojer these securities in this State.

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