The Times from San Mateo, California • Page 21

Son Mofeo Tims 19 Friday, Sept. 12, 1953 PEOPLE IN BUSINESS BUSINESS AND FINANCE Uncle Sam Also Hunting For A Loan College Seeks Award for Improvement The committee of the B.V.D A Futnn Each FrltUj in roar Tlnii By BttX CONNELLY LOOKING BACKWARD: Nope! There never was a brewery on Brewer's island, which is the chosen site for the proposed super dooper tourist attraction. Whilst Tom Therkilsen, part owner of said isle, is sojourning in Copenhagen land, let's have a look at the records. Those staves used in the corncrib shaped structure, presently on the site, were reclaimed from barrels used in shipping oysters from the beds abounding there in bygone days. Sometime in that dim past, the W.

P. A. Brewer family, residing in SM, built a beach house on the bay side of the island and named it "Driftwood," now long forgotten. The name Brewer, however, has survived. An added note of interest is that the cement used in building the Hayward bridge, that spaas the hay at that point, was made from shells which were a by product of that one time oyster industry.

LET US BE OF GOOD CHEER: The antics of the "beat generation" and the reports of misconduct of a minority of our teeners should not get us down. Old fashioned morality and way of life is still dominant. Here's one example of what we mean. Thousands of teeners throughout our land have taken up where mother left off. They've joined the nation wide "Teenage Dressmaking Contest sponsored by the Singer Sewing Machine company.

One was staged at Singer's Third avenue emporium by manager Clifford Hawkins last week with 20 girls modeling their handiwork that would have forced an Ah! from the late Christian Dior. The impresario of the occasion was our yardage king Phil Chandler of course. First prize in the junior class went to oail Bennekoff of San Mateo, and in the 14 17 category, Jan ODonnell of Burlingame, captured first place. WEEK IN REVIEW: An announcement in the TIMES of a very big medical center for El Camino and Second avenue brought this flash of wit from a local yokel. "San Mateo's agoin to the doc s.

Lawrence Heinle, local inventor and advocate of a pontoon bridge to replace our present Havward span, has' come up with a revised design for submission to" local civic bodies and Assemblyman Louis Francis. His. plan contemplates building a six lane pontooner parallel to our present overloaded two laner. He would then float the oldster up the bay to supplement the Dumbarton span. The saving over a conventional design is estimated at several million dollars.

GOOD NEWS: Our informant has amended last week's assurance that the big FAOB (Fifth avenue office building) will be built the refinancing he reported as being now but a routine matter. How'd y'all like the "Welcome To San Mateo" brochure just off the press? It's a much needed hand out for the constant stream of newcomers and tourists to our midst. It depicts 29 points of interest from the Giants' stadium at our north border to the Hoover tower at Stanford on the south. It was sponsored by the SM County board of supervisors. Copies may be had at your Chamber of Commerce.

"TWASN'T SO BAD AFTER ALL: It seems such a short time ago that shopkeepers on Camino Real were "weeping, wailing and gnashing their teeth" aver the prospects of months of torn up pavements whilst said "royal road" was being widened. Now all's forgotten. It's become a beautiful and dignified thoroughfare permitting traffic to turn on or off with safety, and business has accordingly bounced back in a big way. For instance Al Molinari's Union Oil service station at the Borel corner has a 50 per cent increase in ga'lonage. Reason being: Motorists, especiallv the players and playgoers to the nearby Hillbarn theatre, ear! now stop and enjoy Al's personalized service with ease and safety Miles Trucking, Henry Schwab, president of the Building and Construction Trades Council and cochairman of Day, Martin Wnnder lich and George Leonard of McCammon Wunderlich, Construction Division chairmen and L.

C. Smith of L. C. Smith chairman and cochairman of Day. LAST PLEA FOR PARTICIPATION IN DAY scheduled for tomorrow is being made by labor and management representatives who believe this program provides the Building and Construction Trades with an opportunity to give generous monetary backing to the welfare or the community.

Shown above from left to right arc Charles Massey, superintendent of 'C Day Tomorrow May Set Crusade Donation Record practically all the building trades in the area, and their wives, with a buffet dinner at hjs home in YV'oodside. The party was planned in appreciation of the effort expanded by the guests in contacting the men 1:1 the field and persuading them to co operate in connection with Day scheduled for September 13. Wunderlich expressed optimism ir. the final outcome of this program which was created jointly by iabor and management of San Mateo county as a means of giving generous monetary backing to the welfare of the community. During the past wed, the important construction companies which have signed up for participation in Day include White cliff Homes, E.

T. Haas, Lindsay, Al Hansen, Hickey Plumbing, Swinnerton Walberg, Chris Mc Keon, H. Earl Parker, Henry Stoneson and Sons, Eichler Homes, Lowrie Paving, Bragato Paving, Barrett Construction, Perry Led man, Kennedy Electric, Richmond Electric and Reco Eleqtric. Wunderlich explained 'that September 13 has been set aside as the day when the workers of the Building and Construction Trades will donate their earnings at straight time for one half days Annual School Improvement Awards program announced today that the Citizens Advisory committee for the San Mateo Junior College district has officially entered the 1058 contest and would submit an outline of their 1957 program for consideration of the national board of judges. J.

Hart Clinton, head of the local citizens council, has forwarded the group's formal entry to the committee in New York, The contest, which is an annual affair, is open to all voluntary citizens councils in the country who have undertaken projects for the betterment of education in the public schools during 1957, The entries for 1958 awards will be received through September 20, 1958. The national board of judges will announce the five regional winners in November. Each winning group will appoint a representative who will be brought to New York in January to attend the annual presentation banquet. At this banquet the national winner of the $1000 award will be revealed for the first time. Associated Construction Wins Contract Associated Construction and Engineering company of South San Francisco has been awarded the contract for construction of a new office and distributing facilities for Craig corporation, wholesale photographic and sound equipment firm.

Announcement was made by Robert Craig of Los Angeles, president of the firm which has maintained branch offices for several years in ETan Francisco at 149 Montgomery street. John L. Chapman, president of Associated Construction, said the 5160,000 facility will be located at 215 Littlefield avenue in the new South San Francisco industrial park north of International Airport. Completion is expected in time to move the firm and its equipment into the attractive, 15,000 square foot building next month, Chapman said. The new facilities are needed to accommodate Craig's increasing volume of sales and service work.

Designed by Architect John Bolles of San Francisco, the modern concrete structure will be located on spur track to facilitate shipping and handling of equipment and supplies. Sale of the property was handled by Louis Poletli of Poletti Realty and Norris Beggs and Simpson. Craig maintains head offices in Los Angeles and branch facilities in San Francisco, Seattle and Honolulu. U.S. Gypsum Provides Neic Building Kit Peninsula building contractors have a new treat in store for them to help them provide home renovation work.

"A complete kit, detailing financing, cost accounting, building tips, advertising and actual costs of all addition and rebuilding work has been prepared by U.S. Gypsum company. The kit is being distributed free of charge to til builders who are interested. Kits arc available at the building supply firms from Menlo Park to Daly City. U.S.

Gypsum has prepared the kits as a service to spur additional construction work in the United States. A total of 20,517,582.000 airline passenger miles, domestic and international services were flown in one year in the United States. This equals an annual trip of 122 miles for every one of the 167,2 million inhabitants in the country. Young Presidents Croup Plan Stanford Seminar JACK GILPIN Gilpin Fills Eimac Post A new post in the office of th president, assistant for management planning, has been filled by Jack Gilpin at Eitel McCuliough, San Carlos, manufacturer of Eimac electron power tubes. Before coming to Eimac he ws administrative manager of th western region offices of Booz, Allen and Hamilton, San Francisctt for seven years.

A 1941 graduate of the United States Naval academy, Annapolis, Gilpin served in the Pacific fleet during World War II. He received the Purple Heart, Silver Star and was retired with the rank commander, After the war, he was gradu ated from the Harvard graduate school of business administration where he received a masters of, business administration degree ia 1948. A director of the Harvard busi. ness school association of Northern California, he is active in the guardsmen, a San Francisco youth, service organization. A native of Vermont, Gilpin re sides' in Hillsborough with his wifa Phoebe, and two sons.

Sierra Director To Quit Post Paul F. Byrne, director of en gineering of Sierra Electronic corporation, a subsidiary of Phil co corporation, has announced his retirement from that position, for reasons of health. He plans; however, to continue his associa tion with Sierra as a part time engineering consultant. Byrne, together with WiHard Feldscher, present vice president and general manager, founded Sierra in 1947. He served as th company's vice president and secretary until November 1956.

At that time Sierra was purchased by Philco corporation and Byrne was appointed director of engineering and assistant secretary, the post he held until his retirement. Byrne, who makes his in Atherton, is a 'long lime member of the Institute of Radio Engineers. ATTENTION REAL ESTATE SALESMEN ALEX SMITH, Realtor, offer an opportunity for a Salesman in Com'1 Ind. Income Sales and Leasing. Interviews Confid, Villa Hotel Bldg.

San Mateo. Fl 5 3584. By SAM DAWSON NEW YORK, (AP) Like any head of the family whose budget lias Deen sc jttled by unexpected cash outlays and income disappointments, Uncle Sam is about to seek new loans to ride him over. He may have to pay dearly for them. He must try to keep them from further upsetting the money markets and spurring inflation.

It'll be quite a trick, if he can pull it off. The U. S. Budget Bureau has just spelled out in cold figures how much more it's going to take for Uncle Sam to pay his bills, The market in government and corporate bonds is indicating today what terms he is likely to have to pay. The terms those with money to lend now ask and their wariness about taking new offerings have caused a number of companies and local governments to cancel or postpone their own trips to the money market.

And the U. Treasury has just seen its own securities take another price tumble while investors turned instead to gobble up 350 million dollars of Sears, Roebuck bonds paying 4Y, per cent. Falling prices on government securities is raising their yield. The highest now is on a per cent Treasury bond bid down below 93 to turn a yield of 3.84 per cent to those who buy at that price. Next month the Treasury must raise several billion in new cash.

And there'll have to be more later. The Treasury foresees a 12V6 biUion dollar deficit by next June. Treasury Dilemma The Treasury's dilemma is: Should it raise 'part of the new loans it must have by offering medium and long term bonds at the risk of competing with state and local governments also seeking cash and with corporations? If they fail to get new funds at reasonable rates the business recovery could be impeded. Or should the Treasury rely almost entirely on short term borrowings, the kind that usually appeal chiefly to commercial banks and which might swell the money supply and give inflation another leg up in its war on the family pocket book? A speeded up business recovery, and even inflation, could give the Treasury some help by reviving tax collections. More unlikely is that help might come through an economy revival in federal spending.

Instrument Society Forms On Peninsula The heavy influx of electronic industries to the Bay Area has brought about the formation of the new Santa Clara Section of the Instrument Society of America. The Instrument Society of America has sections located in all the principal centers of instrument activity throughout the United States and Canada. Each section conducts monthly evening meeting programs which feature illustrated discussions, led by practical instrument authorities or. new developments and applications. These programs are designed to meet the needs of the varied interests of all the membership and to permit full interchange of know how.

The Santa Clara Valley section's meeting on September 22, 1958 will feature the subject of nuclear instrumentation. It will be held at the El Rancho restaurant, 3901 El Camino Real, Palo Alto, at 8 p.m. Dr. Frank Holden will discuss radiation dosimetry and health physics instrumentation. Mr.

Neil Marshal will speak on radiation instrumentation development. Mr. Harry Hendon will comment on nuclear reactor instrumentation. Dr. Holden is president of thei Radiation Detection in Palo Alto.

Marshall is associated with the Lockheed Missile Systems division in Sunnyvae. Hendon is conunected with the Atomic Products division of the General Electric Co. in San Jose. A social hour will be held starting at 6:15 p.m., with dinner being served at "7 p.m. The technical papers will be presented starting at 8 p.m.

Hartfield Lists Stock Dividend The hoBrd of directors of Hart field Stores, Incorporated, today declared the regular quarterly dividend of 17 cents a share on the common stock, payable October 10, 1958 to shareholders of record September 25. 1958, it was announced by Leo Hartfield, president. Families with an annual income averaging $4000 $5000 purchase one filth of alt consumer goods in the country. IN PERSON if NAT'W'COLE CAL TJAOER QUINTET NELSON RIDDLE and Hit Capitol Recording Orch. JERI SOUTHERN CIVIC SAN JOSE SEPT.

20 Two Shewn 7 and 9:30 Shw Hew: 54, 13.15, JI Il.it Asd. Box OfilM, CY SMSi Thirty one YPO members from the United States and Canada will attend the day lnng seminars to discuss vital economic and business issues and study case problems. The organization, founded in New York in 1950, draws members only from presidents of organization under 40 years of age whose firms do a gross business of or more annually. Professors of the Graduate School of Business will serve as classroom discussion leaders. YPOers will meet in groups to prepare case materials and relate classroom worK to hack home situations.

Seminars include "Creativity and Management" under Professor John E. Arnold; "Business Government Relations" under Professor Theodore J. Kreps; and "Business Policy and Decision Making" under Associate Dean Carlton Pederson, Professors Robert T. Davis and Leonard Marks Jr. JT" Detail HRKEIRSr 60 ViS iBUDGfT TKENDS i i i 1 I 1 1 1 1 work to the United Crusade'.

Their employers will match one half of this amount to augment the total contributions. Other firms which previously made firm commitments for participation in Day include Guy F. Atkinson, Atlas Electric. D. D.

Bohannon Organization: Herman Christensen Sons, Dougias Woodhouse, amerston it Green Lumber company, Izmirian Roofing company, Harry Lee Plumbing Heating; McCammon and Wunderlich, McClenahan company, B. Nettles Plumbing company, Oddstead Homes, Parkside Development company, P. Z. company, Ken Royce, L. C.

Smith company, Williams and burrows; Wallace, Kinney and Locbridge Trucking company; Hess and Mace Trucking: Henry Doelgcr; II. E. Casey, Landes construction, Miles Trucking, Baton company: Cockroft Building, Marshall Electric, Safe Electric, Piombo Construction; Guy Plumbing and Heating, G. M. Sheet Metal, W.

E. Allen Plumbing. Herbert I. Lauder Plumbing, and Heating, William Byrd. Maurice J.

Rosenberg Plumbing, Arthur Haskins, Roland F. Zillmer, Millbrae Materials, Bay City Building, Materials, Pacific Coast Aggregates and Lane Plumbing. 55 5 57 15 Corrrnt titimat below this as the session wore on. U.S. government bonds were uneven.

MARKETS AT A GLANCE NEW YORK (API Stocks Mixed; changes narrow. Bonds Mixed; corporates Dff. Cotton Higher; trade buying. Chicago: Wheat Higher: short covering. Corn Higher; short covering, Oats Higher; short covering.

Soybeans Higher; short covering. Hogs Steady tD 15 cents higher; top $21. Cattle Sales too meager to test the market; top $27. In 1956 20.5 million households of the country were headed by high school graduates. By 1965 at least 28 million wiii be high ouiooi graduates, A View of the Ocean at )9SO St 52 S3 54 plito fun Interest in active participation is gaining tremendous momentum in the final hours before the United Crusade Day.

tomorrow according Id Martin Wunderlich, along with George Leonard, is hearting up the construction di Wunderlich, a prominent Peninsula contractor, this week honored leading business representatives of Stock Market 30 Ind 15 His 13 Uti 60 SL1 42V Lehman Cp Llbby McN Nai Bir.culi NY Central Ccn ij'? fialewny 5(1 Scurs Ho Doug Aire 5B'i SKI OH Cul Sid Oil Wi sta if Studc PacK fffjj Ton CaV Till lull NlcUtl Eli, Weil" A'r lull Paper iki'j Wpsle Elec Inll ft 49 John: Man 4 Pj Ynpsl SJ. lD5 Jones Zenith Hsa llj SEPT. 1 Ovei the Counlvr Mld i r. n.r.j Qutilailotis uy Mcrricfc 222 East FUtH avenue: i Fire "5d Eank'ol America" 41'n Bant ol California 3VT P1UB 61'1 vi' Mrcu.ioyfcfr Kiiburn 4 I.urfcy sinres 23'a 2514 a lrt 3U Ji! FaciTic Far Eusl Lln, 13 1 Facilic Express 1S1 It' i Pacilio Power St Ucht 35 3( rs arcl lirll 17 18'; PErmar.tr.ie cement 23 '1 i 413i 44 21, 23V, Yuba Consol Di 11)1, U.S. To Aid Russ In Antarctic.

AUCKLAND, New Zealand fAP) The U. S. Navy is going to help supply a Russian aerial reconnaissance team in the antarctic. Rear Adm. George Dufek, commander of the U.

S. antarctic expedition, said today that the American base at McMurdo Sound will provide 1,600 gallons of fuel for the Russian plane. The Russian expedition asked American support so it could re connoiter part of a route for the proposed transantarctic tractor train in the 1959 60 season. A GLANCE AT BUDGET TRENDS This FeT' eral expenditures and receipts for 1950 59. is based on data released today in Washington in U.S.

Budget bureau's midyear review of President Eisenhower's annual budget message. A prospective deficit of $13,323,000,000 is expected to send public debt to 383 billion dollars by next June 30 a record (or any fiscal year end during peace or war. The nation wide Young Presidents' organization and the Stan ford University Graduate School of Business will hold their first joint seminar at the university ivionaay tnrough Friday. Interment Group To Meet at Villa Among the organizations utili zing the convention facilities of the Villa hotel in San Mateo this week will be the Interment Association of California. Their two day convention will he held September 18 19, Principal speakers for the session are: George Davis, vice chairman of the Pacific Coast Stock'Exchange; Marshall J.

Wei gel, senior vice president in the firm of Lennen Newell. Gerald P. Martin, former instruc tor at Saint Mary's college and the University of California Law school, and Robert S. Kitchen, distinguished architect and landscape artist. Pan American Club to Meet Seating of the new officers wilt mark the September 18 meeting of the Pan American Management club in the Pacifica room of the Villa hotel in San Mateo.

Two hundred are expected for dinner. A unique feature of the evening's program will be a judo demonstration by the Judo school of San Francisco. The management club is cur rently working on two aviation awards, one to be presented on the Peninsula, and one in San Francisco, to the individual who lias made the greatest contribution to the advancement of aviation in the area during the past year. The selections will be an nounced at the October meeting. Farm Market SAN FRANCISCO (UP1) Vegetables: Beans, Santa Clara, .14 .15 Brus.

Sprouts, S. Mateo, .05 .06 Broccoli, Santa 2.50 Cabbage, local, 2.25 Peas, Mendocino, .12 .13 Artichokes, Sand Mateo, 1.50 2 Cauliflower, local, 2 2.25 Lettuce. Monterev. 2 2.25 Potatoes, Washington, 3.50 3.75 sptnacn, local, 2.75 Squash, Monterey, 2 2.50 Sweet Potatoes, Merced, 4 4.10 Tomatoes, Santa Clara, 1.50 1.75 Carrots, Monterey, 3.50 Celery, Monterey, 3.25 Onions, Yolo, 1.60 1.75 STEAKS CUT TO SIZE CHICKEN PAN FRIED OR BROILED SHISH KEBAD WITH PILAFF LARGE VARIETY OF SEAFOOD THE PICCADILLY 1 1461 Burlingame. Avenu Burlingam, Calif.

FOR RESERVATIONS PHONE Dl 2 3107 Stock Prices Turn Mixed "ill be to give these young businessmen opportunities to share experience under the guidance of expert leaders, to provide a better understanding of the economic, social, and political environment of business, and to improve the skills of analyzing and solving complex problems." Western Air Line Sets 32 Year Revenue Record Highest one month revenues inj the company's 32 year history were earned by Western Air Lines, dnring August when total income exceeded an estimated $4, 515,000, it was reported today by Terrell C. Drinkwater, WAL president. The new revenue record topped the previous mark, of set in August, 1957, by nearly 7 per cent. Operating 88 daily flights serving 47 cities in 13 western states, Canada and Mexico, Western's prospects for the balance of the year are considered good by the airline's management, Drinkwater declared. 1 EVENINGS; jgLSKATE WMF FUN 1 NEW YORK AP) The stock market's 8drive toward record highs faltered late this afternoon as prices turned mixed.

Trading was heavy much of the session but diminished. Volume for the day was estimated at 2,900,000 shares compared with 3,300,000 Thursday, Gains and losses of key stocks ranged from fractions to about a point. The big tnree among automotive stocks were easy. Steels were active but irregular. Some drug stocks, aircrafts, rails and nonferrous metals made gains.

Oils were mostly lower. Union Carbide, American Cyan amid, Schering and Boeing were about a point ahead. Losses of a point or so were taken by Texas Merck, Goodyear and American Telephone. The Dow Jones industrial average temporarily passed its 195S closing record of 521.05 but sank Diue and Dame With IN PERSON STEWART HAMBLIN America's Greatest Western Country and Sacred Singing Cowboy Troubadour STAR OF STAGE, SCREEN, RADIO, TV One of Ibe Nation's Top Song Writers "This Otd House" FRANK TORRES BEACH HOTEL and many, many others Bring the Entire Family SATURDAY NIGHT FORESTERS HALL REDWOOD CITY COTTONSEED CLARK and UNCLE PHIL'S BIG WESTERN JAMBOREE GANG and MiddlefieW Your Favorite Beverages Montara. State Highway 1 FINEST CUISINE FRESH SEAFOOD COCKTAILS Tum.

Thru 7:30 10 Alto: Lot Sesiiont Fri. and 9:30 1 2 DAYTIMES: 10 1 2 and 1:30 4 1:30 4 and 4 6:30 ROLLADIUM 2 2711 BANQUET ACCOMMODATION 50 to 200 PJione PARKVIEW fr 3335 1.