The Kane Republican from Kane, Pennsylvania • Page 7

The Kane Republican, Friday, July 7, 1972 REAL ESTATE INSURANCE Samuel A. Nianno 133BiddleSt. Kane Phone 837 8355 Notary Public Sales Appraisals Management SS fOES DEICHES' Clothing Inc. "Everything v. for Lad and his Dad" Nationally known brands of Clothing and footwear the Whole Family! BROWN'S BOOT SHOP Kane Msil Service Curtailed, Delayed Getting your mail latert The noon truck lias been discontinued with two incoming mails here by truck now.

Also the schedule of incoming and outgoing mail has been changed by a half hour. Apparently, the light noon mail business was so Iiht that the one truck rtm to and from the Bradford Regional P.O. has been taken off. Boyd Lindquist, who took over as officer in, charge of the Kane Post Office July 1. explained the new mailing schedules here.

Also he has advised residents to clip the schedule for reference. MONDAY THROUGH FRIDAY Mail arrives from Bradford on a 7:30 a.m. schedule instead of the previous 7 a.m. The truck leaves for Bradford at 9:15 a.m. and will carry mail posted up to 9 a.m.

The afternoon mail truck arrives in Kane at 3:15 p.m. and leaves the Kane Post Office at 5:05 p.m. Letters, etc. post hereby 4:30 p.m. will be dispatched on the truck.

SATURDAYS The morning truck run is the same as other days of the week in at 7:30 a.m. and out at 9:05 a.m. In the afternoon, the truck returns here at 2:10 p.m. and leaves at 3:55., Mail to go out on the truck should be in the post office by 3 p.m. SUNDAYS The mail truck leaves Kane at 3:35 p.m.

and returns here at 5:30 p.m. Outgoing mail should be in the post office by 3 p.m. Annual Meeting of NCPED At Ridgway on July 20 INSTITUTIONAL STOCK TRADING HITS LITTLE GUY By LINDA RUBEY AP Business Writer NEW YORK (AP) The National Stock Market System, widely touted by securities industry leaders as a boon for the small investor, may instead help the phenomenal growth ol institutional trading some money managers say. "I think whatever might pro vida an easier method of trading large blocks of stock will produce greater concentration of ownership in the hands of big pools of money like banks mutual funds and insurance companies," says Elmer Lylf Nicholson, chairman of CNA Financial, a Chicago financial holding company. "I'm not' 100 per cent in favor of that," he says.

"I don't want to see the littla guy squsezed out." According to the New York Stock Exchange, institutional trading in the first half of 1971 accounted for 59.7 per cent of public share volume and 68.2 per cent of public dollar The exchange says that by 1980, institutional trading at the NYSE will equal all the trading done there last year. The central market system now being assembled should facilitate the trading of institutions' large blocks through a consolidated trade reporting system giving price and volums information on listed securities in all markets. This should give Kane Lumber Fuel Co. Crowds Attend Lumber Museum Weekend Opener Award $48,542 For North Tier Retired Project EMPORIUM ACTION, the Citizens' Service Corps, has awarded $48,542 to the Northern ncmlock Ave. Kane BATTIST A MOTOR SALES Rambler Chrysler Plymouth Dodge Dodge Trucks N.

Fraley Kane, Pa. Complete Auto Service Auto Body Tow eneral Repair OPEN EVENINGS 6:30 P.M. 9 8:30 P.M. ion County, followed by his graduation, from Pennsylvania State University in 1957 after which he served in the United States Army. Mr.

Lerch has long been involved in civic and political activities. He. was a charter member of the Clarion Jaycees, a long time member of the Murphy Grange, a past president of the Clarion County Heart Association. He served as a director of the Young Republicans of Pennsylvania and was a campaign staff aide to Pennsylvania Governor Raymond P. Shafer preceeding the Governors 1966 election.

Mr. Lerch and his wife, the former Lucinda Aberne thy, have two sons, Scott and Matthew, and one daughter, Tiffany. The general public is invited to attend the District's Annual Meeting, but must make reservations by noon on July 17, 1972 with Edgar Rits, Executive Director of the District. FLOOR WALL COVERING EXPERT INSTALLATION SALES famed name lines. WILLIAM THOMPSON 210 Poplar St.

Kane Phone 837 8336 Announcement was received today that Orville H. Lerch, al ternate federal chairman of the Appalachian Regional Commission, Washington, D.C. will be principal speaker at the annual meeting of the North Central Pennsylvania Economic Devel opment District. The event will take place July 20 at 7 p.m. at the Mediterranean House at Ridgway, according to W.

R. McClure, district chairman. Mr. Lerch, 37, is a native of Sligo. Clarion County, Pa.

and is a graduate in forestry engineering at Pennsylvania State University. He formerly served as Deputy Chairman of the Republican State Committee of Pennsylvania, as Director of the State's Coal Land Improvement Fund, was a mathematics instructor in the Clarion Area Schools, and was employed in industrial sales with the Sherwin Williams Company, Chicago, Illinois. Born in Pittsburgh, he received his early education in Clar Key Figures in Tier Community Action Corp. in Emporium to operate a Retired Senior Volunteer Program (RSVP), ACTION director Joe Blatchford announced in Washington Wednesday. RSVP provides opportunities for retired persons aged 60 and over to serve on a regular basis in a variety of community sponsored programs.

The one year grant will enable the group to initiate a four county RSVP, placing 250 senior citizens in volunteer service within the first year, and as many as 700 within the next five years. More than 15 percent of the population of Elk, Potter, Cameron and McKean counties is 60 and over. The RSVP will place volunteers in cooperating public, and private social agencies throughout the four county area. Senior volunteers may serve in hospitals, nursing homes, public schools, senior centers, child development centers, libraries and childrens' homes. SALES, USE TAX OVER $2 MILLION IN McKEAN COUNTY In the case of McKean County this has been the pattern on realty transfer tax collections during the four fiscal years: 1967 68, 1968 69, 1969 70, $94,499 and 1970 71, $135,938.

In a third tax collection area, although not one regarded as affected by the economy, slate collections of the inheritance tax show the following for Mc Kean County during the four year span: 1967 68, 1968 69, 1969 70, $563 643, and 1970 71, $708,170. EARLY MORNING SIGNING HARRISBURG (AP) It was near 5 a.m. today when Gov. Milton Shapp signed the budget bill passed by the Legislature. $3,194 billion in April, and credit for other consumer goods to taled $3,938 billion, compared to $3,824 billion in April.

Record Increase in Consumer Credit WASHINGTON (AP) An increase in loans for automobiles and other consumer products sparked a record fise in consumer credit during May, the Federal Reserve Board reports. Consumer installment credit from banks and retailers totalled $11 billion in May, a record increase of $1.44 billion over the previous month. i' The figures, seasonally adjusted, comprise the loans made by financial institutions and credit extended for retail purchases. Real estate mortgage credit is not included. The Federal Reserve Board said auto loans during May' totaled $3,239 billion, compared to PAINTO Complete line of best known names 'n Paints, Wall tper and Decorator Supplies.

EXPERT DECORATORS AT YOUR SERVICE Kane Decorating Co. 17 Field Street Kane Regular Checking Thrifti Check Bank bv Mail KANE "Regular" Savings Certificates of Deposit Christmas Club OFFICE Safe Deposit Boxes Mortgage Loans Commercial Loans WARREN Auto Loans 5 dis. on new models Personal Loans NATIONAL Drive In Window "24 Hour Banker" Night Depository BANK Rank Money Orders Travelers Cheques Complete Trust Service MEMBER F.D.I.C. Take the elevator A Any Broadbent RECAPPED Absolutely the best! Lee and Michelin TIRES NEW RECAPS LEE BATTERIES DeCAMP TIRE BATTERY SERVICE 114 Bayard St. Phone 837 7775 500 Chase St.

Phone 837 8730 OPEN EVENINGS Hardware Housewares Paint Decorator Supplies Heating Stoves Plumbing Supplies If HARDWARE Sedgwick. St. KANE Phone 837 8130 COUDERSPORT Reaction by visitors during opening of the Pennsylvania Lumber Museum was "decidedly favorable," according to officials manning the new facility. Paul Germino, temporarily in charge of operation, said approximately 1,200 people toured the lumber museum during the weekend. Built along Route 6 between Couriersport and Galeton by the Pennsylvania Historical and Museum Commission with the aid cf the Pennsylvania Bureau of Forestry and the Penn York Lumbermen's Club, the museum was dedicated in August of 1970.

Official opening ceremonies are scheduled for Aug. 4 and will be held in conjunction with the Woodsman's Carnival, an event held each year at Cherry Springs State Park. A logging camp complex, typical of the 1880's, has been reconstructed near the main orientation center building. Fur nishings are now being collect ed for the buildings which include a bunk house, mess hall, company store, smithy carpenter shop and others common to the era. Until artifacts are in stalled, tours will be limited to the central museiynarea.

Joseph information officer for the museum com mission, said every eirort is being made to have the logging camp open tor the Aug. 4 ceremonies. Visitors may tour the main building and grounds from 9:00 to 5:00 p.m. daily and 1:00 p.m. to 5:00 p.m.

on Sundays. No admission charge is being made at the present time. MANAGEMENT PROGRAM James R. Armstrong, cf the Kane Handle Co. Division of O.

Ames, has completed a Unit Three course at Wittenberg University Management Development Program according to an announcement from Soring field, O. i iia: .1 WW: it 1 It i r. 1 (M. Phone 837 CG85 NATIONALLY KNOWN FURNITUEE for every room "of your home BENTZ Furniture Stores KANE ST. MARYS BENJAMIN MOORE PAINTS HOUSEWARES PLUMBING SUPPLIES HUNTING SUPPLIES TOOLS ELECTRIC SUPPLIES CHUBON'S HARDWARE And SPORTING GOODS 150 Fraley 837 6682 Kane.

Pa. for House Delivery Fashion Ri FOOTWEAR in Nationally Known Linos MOUNTAIN CITY BOOTERIE Kane's Smart Shoe Salon frv 3 SWW Company CzSAFiTY ofNr A YOUR SAVINGS ur to 31 Mr. Fehrenbach Mr. Roemer George J. Fehrenbach, left, former president of the Elk County Bank and Trust Company, of St.

Marys and William F. Roemer, former president of the Bradford National Bank, were involved in merger of the banks into the First Laurel Bank with assets of $95 million. Mr. Fehrenbach is chairman of the executive committee of First Laurel and Mr. Roemer is president and chief executive officer, Monday, July 3 was first day of business for the new First Laurel institution.

JAC03US POKLAR MOTORS BUICK OLDSMOBILE PONTIAC "THE RIGHT DEAL THE RIGHT WAY EVERY DAY" SALES SERVICE OFFICIAL INSPECTION 1 mile East of Kane Rt. 6 Phone 837 GG21 World's Largest oil irncfnrc larcrr FmH small a better idea of where to find the best deals. Other recommsndations of the Securities and Exchange Commission would permit institutions to hold exchange seats through brokerage subsidiaries, if the subsidiaries do most of their buinesss with the public. This would give the institutions a way to save on commission charges on their sometimes mammoth trades and also would give them a greater voice in the actual running of the exchanges. "Looking down the road, there is also no reason why institutions couldn't act as a pr'in making markets in stocks sort of like a glorified superspscialist," says Bob Hen drickson, vice president of investments at the Equitable Life Assurance Society of the United States.

Exchange specialists are floor traders charged with making fair and orderly markets in stocks they handle. They frequently must do this by buying or selling against the market trend and some specialists find they lack the money to handle the increasing amounts of big trades. Money managers point out that institutions would be naturals for the job because they've got the money that a market maker needs to provide depth and liquidity in a stock making sure the stock is available for buying or selling at a price not far from the last one paid. COURT RECORD Eugene M. Conant and wife to Dennis P.

Gnstafson and wife, Mt. Jewett. James D. Hennigan to David L. Hickey and wife, Hamlin.

Wiibert H. Aderman and wife to Joseph E. Janovsky and wife Mt. Jewett. Gerald Paulson Pierotti and wife to Gerald Paulson Pierotti and ife, Kane.

Gertrude Johnson etal to John P. Gidos and wife, B. Thomas Shirk and wife to Lynn O. Smith and wife, Kane. Philip A.

Pecora etal to Joachim M. Schmitz etal, Wet more. Armando DiPietro and wife to William J. Dickson etal, Hamlin. Rose E.

Agens to Francis J. Deems and wife, Wetmore. Mabel Meckley and husband to Orvis S. Meckley and wife, Kane II. E.

Brown and wife tc Russell Schreckcngost and wife, Kane. Frank Furmanek to Frederick L. Sankner etal, Hamlin. Frederick L. Sankner etal to Frank Furmanek, Hamlin.

Thomas Franceschina to Frederick L. Sankner etal, Hamlin. Frederick L. Sankner etal to Thomas Franceschina, Hamlin. Frederick L.

Sankner rtal to Robert A. Miller, Hamlin. Frederick L. Sankner etal to Thomas Franceschina, Hamlin. William Henry Harless and wife to Emeron P.

Young, Hamlin. George II. Jeffords and wife to Emeron P. Young, Hamlin. Bank Merger "1 i taMitMi.

li'ii Ji'iil if i iii: 1 1 muf, 1 I'l 'J V'ht'' i I "Chopper1 on Job At New Process Sparkling Array for And Every Occasion Stifeler Co. THIRD FLOOR Distinctive Service The John F. Hill Funeral Home Kane, Pa. Phone 837 7575 Bottled Bulk PROPANE Heating Drying Cooking Water Heating Stationary Engines Lighting Refrigeration Call RICHGAS Phone 837 7670 Tionesta Ave. Kane win i TOP DISPLAY IN 100 MILES PIANOS ORGANS HAL FRITZ CO.

St. Marys, Pa, Road) Appointments Appreciated Telephone St. Marys 834 2764 'iv i i .1 "sjJii liSli iiltiiilliilliiiidiiiiil I'll "I 7HT 1 1 lis VJ? ilii ill CHEVROLET WILLYS SALES and SERVICE AVENALI CHEVROLET Rt. 6 I Mile East of Kane 24 nOUR WRECKER SERVICE PHONE 837 7290 GENERAL AUTOMOBILE and TRUCK SERVICE FRONT END ALIGNMENT WHEEL BALANCING REPLACING A GAS RANGE? When you replace your present gas range, here's a great way to put cleaner living into your cooking life. With more fun and less work.

A CONTINUOUS CLEANING OVEN cleans itself every time you cook. Automatically. At regular cooking temperatures. Nothing to turn on or off. And always you have the vast variety of flame heights and heats you only get from GAS.

Instant adaptability, instant on and off for better, cleaner cooking. II u' This is one of five of the world's largest helicopters seen at work recently at construction site just west of Warren where the New Process Company is constructing a large distribution center. The 88 foot 'chopper' lifted 11 ventilating units to the roof of the new seven acre building then held them in place while they were being bolted down. The helicopter is owned by Sikorsky Aircraft Co. of Stratford, Conn.

The photo was taken by Bob Clever. Warren Times Mirror Observer. Kme Gas.