Lebanon Daily News from Lebanon, Pennsylvania • Page 2

Lebanon Daily News, Monday, August 1, 1974 Obituaries FUNERALS Eugene J. Arnold Retired Banker, 68, Dies Eugene J. Arnold, 31 E. Locust husband of Ihe late C. Mac Levengood Arnold, died of a heart attack yesterday while at the Knights of Columbus picnic at the Freddie Arnold Grove.

He was dead on arrival at the Good Samaritan Hospital. He was 68. A native of Lebanon, he was son of the late John A. and Edna Boyer Arnold. A retired banker, he was employed at First National Bank from 1926 to 1968.

He served as assistant vice president and trust officer. He joined the staff of the Lebanon County Trust where he served as branch manager and was associated with their trust department. He was a member of St. Gregory the Great Catholic Church and its Holy Name Society. A fourth degree Knight of Columbus, he had served as past grand knight, past faithful navigator and was named Knight of the Year in 1972.

At the present time he was serving as comptroller of the Fourth Degree Assembly. He was also a member of the Verbena Club, the Friendship Fire the Newmanstown Fire the Senior Center of Lebanon, Pegasus International Travel Club and St. Gertrude's Club. He is survived by the following children. Eugene Mar km wife of Stephen A.

Engle; Thomas Judith wife of Kenneth R. Seibert, and Robert all of Lebanon; 15 grandchildren and a brother, Richard Lebanon. Simon Seibert Simon A. Seibert, 311 W. Second Hummelstown, husband of Hilda Sides Seibert, died Saturday at his home.

He was 67. He was a retired employe of the wrapping department of Hershey Foods Corp. He was a member of Hummelstown Trinity United Methodist Church. In addition to his widow, he is survived by three daughters, Mrs. Dean Patrick, Mechanicsburg; Mrs.

Robert Delaney. Hummelstown, and Mrs. Edward Beachell. Harrisburg RD 3. two sons, Richard, Hummelstown, and Terry, at home: 14 grandchildren; three sisters, Mrs.

Lewis F-rklcns, Colonial ParK; Mrs. Lester McClain, Harrisburg. and Mrs. Joseph Hippie, Campbelltown and a brother. Earl.

Chambers Hill. Eva C. Deppen Eva C. Deppen, 70, Elizabethtown RD 2. died Saturday afternoon at the home of her daughter, Millersburg RD 1, where she was visiting.

Born in Millersburg, she was a daughter of the late Henry and Nora Brown Kerstetter. She retired in 1967 as cook at the Camp-A-While Nursing Home, Campbelltown. where she had worked for 12 years. She was a member of the Spring Creek Church of the Brethren. Hershey; its Ladies Bible Class, and the Elizabethtown Senior Citizens.

Survivors are: two sons, Willard Elizabethtown RD 2. and Millard Middletown; four daughters, Pat. wife of Richard U. Manning, Millersburg RD of Verne Aufdemburg, Orange, Shirley, wife of James Saksek, Palmyra, and Darlene, wife of Larry Ladato, Fr iede nsburg 23 grandchildren; four great- grandchildren; three sisters, Sadie, wife of Orville Keiter. Halifax; Mae, wife of Albert Harper, Millersburg RD 1, and Germainc, wife of David Bowman, Halifax RD and a stepsister, Mina Klinger, Liverpool.

Mrs. immelberger Patricia Ann Himmelberger, 28, 99 Circle Drive, Manheim, died Friday at Lancaster General Hospital, She was the wife of John P. immelberger. Bom in Lancaster, she was the daughter of J. Charles and Catherine Shaub Ernst.

She was a member of the Bethany United Methodist Church, Lancaster. She was a 1966 graduate of Hempfield High School and a member of the Lancaster Ski Club. Surviving in addition to her parents and husband are a daughter, Lori, and a son, Keith, both at home; two brothers, Ronald Ernst, East Petersburg; and William, with the U.S.' Navy; maternal grandparents, Mr. and Mrs. Ira Shaub, Rothsville; and her paternal grandmother Amanda Ernst, East Petersburg.

Gertrude Heagy Gertrude M. Heagy, 642 E. Maple Annville, died last evening at her residence. She was 86. Her husband, John Heagy, died in 1945.

Bom in Schuylkill County, she was a daughter of the late Wesley and Katie Stine Ketner. She was a former employe of the Annville dress factory. She was a member of St. Mark's Lutheran Church, Annville, and the Augsburg Sunday School Class. She is survived by a son, John, Cornwall; two daughters, Erma, wife of Maxwell Love, Annville; and June, at home; three grandchildren and three brothers, Luther Loose, Quentin; George Loose, Cleona and Thomas Loose, Annville.

A daughter, Berna, preceded her indeath in 1960. 'James I. Weiss James I. Weiss, '361 E. Evergreen Road, died yesterday morning in the Hershey Medical Center.

He was 53. He was self-employed, working as an insurance agent from his home. He was a member of Midway Church of the Brethren. He is survived by his parents, Howard and Anne Brubaker Weiss, Brethren Village, Neffsville; a sister, Mary W. Blouch, Lebanon: a brother, Howard Myerstown RD and nine nieces and nephews.

A sister, Anna Zug, preceded him in death in December of 1957. Charles E. Fisher Charles E. Fisher, 65, died Sunday morning as a result of a stroke at the Lancaster General Hospital. He was a retired self-employed carpenter and a charter member of the Silver Springs Baptist Church.

He resided at Columbia RD 2 with his wife, Mary E. Findley Fisher. Among his survivors is a daughter, Virginia, wife of the Rev. Robert E. Garber, Lebanon.

Arthur Schaeffer Arthur N. Schaeffer, husband of Verna Steiner Schaeffer, Myerstown RD 1, died Saturday in the Good Samaritan Hospital. He was 73. Born in Good Spring, Scimylkill he was a son of the iate Samuel and Mazie Snyder Schaeffer. He was retired from the E.

J. Lavino Furnace. Sheridan in 1965 after 23 years of service. He was a member of Millcreek Lutheran Church. In addition to his widow, he is survived by a brother, Andrew, Auburn; four sisters, Mrs.

Ray Kline, Hegins; Mrs. Roy Morgan, Valley View; Sarah Klinger. Smyrna, and Mrs. George Willard, Good Springs, and several nieces and nephews. Grace Lehman Grace Lehman, wife of Howard G.

Lehman, 1812 Chestnut died yesterday morning at her residence. She was 72. Born in Schuylkill County, she was a daughter of the late Charles and Emma Michael Hawk. She was a member of St. John's United Methodist Church.

In addition to her husband, she is survived by four children: Gene Mountain Top, Sheila wife of Mark Ze-hring, Lebanon; wife of John Coppenhaver, Cleona, and Glenn Lebanon; 11 grandchildren and a sister, Stella Dearwechter, Lebanon. Edward R. Weik Military services were held this morning for Kdward R. Weik, Newmanstown, from the Clauser Funeral Home, Schaefferstown. The Rev.

Norman Wilson, pastor of Millcreek Lutheran Church, officiated. Burial was in Millcreek Memorial Cemetery. Pallbearers were Ray Bellinger, James Tyson, Paul Karnish, Donald Wasco, Charles Karsnitz and Willard Noll, all members of Richland Legion Post No. 880, of which Weik was a lifetime member. Harvey Kegerries, the 19th district commander, served as an honorary pallbearer.

The bugler was David Cover. The firing squad was from the Lebanon VFW Post No? 23, with Charles Putt, serving as commander. June B. Miller Services were held this morning from the Kreamer Funeral Home, Annville, for June B. Miller, wife of Arthur S.

Miller, 108 S. White Oak Annville. The Rev. Gary A. Hackenberg, pastor of Christ United Church of Christ, Annville, officiated.

He was assisted by the Rev. W. Miller Price, pastor emeritus of the church. Interment was in Mt. Annville Cemetery.

Serving as pallbearers were James and Larry Miller, Arthur Miller Harold Blouch, Victor Cintron, Glenn Rodgers and PaulNeidig. Edwin J. -Gobd Services were held this afternoon from the Christman Funeral Home for Edwin J. Good, husband of Vera I. Roth Good, Cedar Haven.

The Rev. Wesley G. Epler, pastor of Trinity United Methodist Church, Jonestown RD' 1, officiated. Interment was in Ebenezer Cemetery. Relatives and friends served as pallbearers.

Manolo II Captures PN Dauphin Handicap GRANTVILLE Waite's Manolo II, claimed out of his last start (or $5,000, stepped way up in class on Saturday night and still managed to win the $4,700 Dauphin Handicap at Penn National Race Course. Manolo II, a 6-year-old son of Nygo, who was imported to this country from Peru, got up in the last jump under a fierce ride by apprentice Wayne Rice to get the win by a nose over Defender, who had led almost every step of the miles. Manolo II, who was clocked in 1:52 for the distance, returned $25.40, $9.40 and $5.00 as one of the longest shots in the field of eight. Defender, ridden by Jeff cry Lloyd, paid $4.40 and $3.20, while Grey Tudor closed rapidly to third for a $4.00 show payoff. Favored Beriberi finished fourth.

The win was Manolo Il's sixth of the year in 20 starts and boosted his 1976 earnings to over $18,000. Apprentice rider Jeffery Lloyd, who reached a Penn National milestone Friday night when he rode his 100th winner of the meeting, got number -101 in the second race Saturday when he got favored Tricky Dickey home an easy winner. Winning Coach Penn State's Joe Paterno has the best winning percentage (.836) among the nation's major college football coaches with at least five years as a head coach. Paterno has won 94 games, lost 18 and tied one in his 10 years as coach of the Nittany Lions. Uncertainties Dropped Prices By FRANK W.SLUSSER UPI Business Writer NEW YORK (UPI) Some major uncertainties that arose about the economy and Federal Reserve Board policies drove investors to the sidelines and prices lower last week in the year's slowest trading on the New York Stock Exchange.

Wall Street was shocked when the Commerce Department reported its June index of leading economic indicators which more or less gauges the economy's near-term rose only 0.3 per cent, the slowest increase in seven months. Investors also were confused when Arthur F. Burns, the Fed chairman, told the House Banking Committee the board had lowered targets on two broad measurements of the nation's money supply and left the goal for the narrower basic supply measurement unchanged because of uncertainties surrounding it. The Fed's weekly report Thursday showed the basic supply rose $900 million in the latest reporting week, that the broader measurements also rose sharply and that loan demand at New York's leading banks plunged $466 million. The loan demand slide and a steady decrease in commercial paper rates were among the reasons many banks lowered their prime rate to 7 per cent from 7V4 per cent-this week.

That move helped the market Friday. Against ground, industrial points to Watch On Gal Led To Suspect SAN FRANCISCO (UPI) Surveillance of a San Francisco Peninsula woman led to last week's arrest of the key suspect in the July 15 kidnaping of 26 Chowchilla. school Aug. Plays It Cool At Start If you're wondering what ever happened to good old summer, take heart. After all, it's only the beginning of August and it's possible that some hot weather may still come our way.

August has not gotten off to a very summer-like start and the outlook for the next few days calls for more fall-like conditions. Definitely not your typical August. July, traditionally the hottest month of the year, proved to be one of the coolest on record. National Weather Service officials say the past month was the coolest July in this area in 20 years and the'fourth coolest on record since the weather bureau began to keep records in 1888. The average temperature during the month was only 71.2, more than four degrees below the 75.4 norm.

The average high was 82, compared to the usual 85.6, and the average low was 60.4, almost five degrees below the normal reading. Rainfall Above Normal The only thing that was above average during July was the rainfall. Lebanon was swamped with 8.7 inches, more than twice the 3.64 average for the month, thanks in large part to that four-inch rainfall last Thursday. There were several other days during the month when quite a bit of rain fell. The mercury hit the 90- degree mark only once during July, on the 28th.

The low was 49, on the 25th, but the mercury dropped into the 50's on 14 different occasions during the month. Last month, the mercury never remained in the 70's during the coolest part of the nighttime hours, while during July a year ago the thermometer stayed in the 70's during the early-morning hours a number of times. August got off to a cool start, with the mercury rising only to 78 yesterday. In contrast, a year ago, Lebanon was immersed in a heat wave, with readings of 97 and 98. Coo! weather will continue the next few days, as a high pressure system over the Northern Plains states continues to allow a northerly flow of cold Canadian air to filter across the northeast U.S.

It will be fair and cool tonight, with lows in the mid to upper 50's. Partly sunny weather is predicted for Tuesday, with highs in the mid to upper 70's. The chance of rain is set at 10 per cent tonight and 20 per cent Tuesday. Winds will be light and variable tonight. Extended Outlook The extended outlook for the area Wednesday through Friday calls for fair weather to continue through the period.

Daytime highs will be in the upper 70's to mid 80's. Morning lows-will range in the 50's and low 60's Wednesday and in the mid 50's to mid 60's Thursday and Friday. Statistics for the 24-hour period ending at 8 a.m. today are: High 78 Low 58 Avg. (7 below norm) 68 Sunset tonight 8:21 p.m.

Sunrise tomorrow 6:07 a.m. High, Aug. 1,1975 97 Low, Aug. 1,1975 71 Two Area Golfers Eligible For Trip NEW YORK Two Lebanon, area residents are eligible to win $1,000 and a free trip to Scotland as a result of scoring holes-in-one recently. They are: Wayne L.

Phillips, McAlisterville RD 1, who recorded an ace at the Indian Run Golf Course; and William H. Ruth, 609 Haldeman Avenue, New Cumberland, who hit one at the Valley Green Golf Club. Their aces qualified them for the Rusty Nail Hole-In-One Sweepstakes sponsored by the Drambuie Company of Edinburgh, Scotland. The winner of the 15th annual competition will be announced early next year. World Team Tennis New York Cleveland Pittsburgh Indiana Boston Pno-nix Golden Caters Los Angeles San Diego Hawaii Pet.

10 .722 11 -MO 20 .474 14 14 21 .400 .400 Pet. 25 Id .714 25 12 .474 II 14 II 26 10 25 GB I 9 IIVI Rntltti Boston 31 Cleveland 27 Pittsburgh 24 Indiana 21 New York 21 Hawaii 21 at Portland (only marches scheduled) Sunday's Mate IMS Golden Gate 30 Indiana IS (only match scheduled) Mmday't WaKhts Golden Gate at Boston New York vs. Hawaii at Portland (only matches scheduled) children and their bus driver, according to police sources. Fred N. was arrested last TTiursday in Van- 'couver, British Columbia, where he had stayed at two hotels.

An employe at one of the hotels said he was seen leaving his in the 'company of a young Wond. Sources said Woods' capture in front of Vancouver's central post office by the Royal Canadian Mounted Police resulted from a tip from FBI agents here. The FBI had the woman's telephone and mail under surveillance. The sources said he telephoned the woman, asking her to send him a package. They declined to identify the woman or say why she had been under watch.

Woods was expected to be transferred to the Alameda County Jail in Oakland today. Federal marshals transported him from Vancouver to the federal jail in Sacramento. The two other suspects James Schoenfeld. 24. and his brother, Richard, 22, were in custody at the jail.

The older Schoenfeld was arrested near his home on the San Francisco Peninsula the same day Woods was taken into custody. His younger previously. Woods and the older Schoenfeld were to be arraigned in Chowchilla Justice Court on Wednesday. All three suspects were expected to ask fo a reduction in their $1 million bail on the same day. Jack Baugh, chief of criminal investigation for the Alameda County Sheriff's Department; said last week that a woman might have been involved in the kidnap but only in "complicity in the planning stages, either prior to the act or afterwards." The sources said the woman lived in Palo Alto near Atherton where the Schoenfelds resided also near Portola Valley where Woods lived on the 100-acre estate of his wealthy family.

Investigators also said a woman was seen with the three suspects at a San Jose warehouse where two vans allegedly used to transport the children from Chowchilla to Livermore in Alameda County where they were placed in a buried truck trailer ut a quarry were discovered: There were no warrants issued for a woman, but Alameda County District Attorney Lowell Jensen said, "I will not rule out the possibility of other participation in the kidnaping." The children and their bus driver dug their way out of the van which had been equipped with food and bedding. The quarry was owned by Woods' father. this news back- the Dow Jones average fell 6.27 964.64, although it rallied for a 5.35-ppint gain Friday. In the 14 sessions since the closely watched average reached a 41-month high of on July 12, the Dow lost ground 10 times. Its failure 10 times this year fo hold above the 1,000 level has baffled many observers.

During the month of July, the closely watched average lost 18.14 points. The rest of the market was just as bad. The NYSE common stock index lost 0.68 to 55.26. Declines routed advances, 1,161 to 626, among the issues crossing the tape. Volume totaled only 73,285,470 shares, compared with 86,827,920 the week before and 77,860,330 traded during the same week a year ago.

It was the slowest full-week turnover since 67,822,000 were traded the week ended Oct. 3, 1975. Perhaps the most disappointing news last week was economic indicators report. As expected, all government reports verified the economy slowed down in the second quarter from a torrid first period pace. The government recently reported the Gross National Product, stripped of inflation, rose 4.4 per cent in the second quarter, down from 9.2 per cent.

Productivity increased only 3.5 per cent, down from 7.5 per cent in the first quarter. But White House economists and Burns himself all predicted the GNP for the year would increase by 6.8 per cent. They expected the economy to pick up steam soon. The question, after the leading indicators report, How soon? Wall Street is watching anxiously for signs of improvement. Another major reason for slowed-down activity on the Big Board lately has been the uncertainty about who will win the Republican Presidential nomination this month, President Ford or Ronald Reagan.

Some analysts said the market is not likely to move much until after the convention ends, the third week in August. The winner will face Democrat Jimmy Carter in November. Until that time. Wall Street will be watching closely for details of the candidates economic programs. Institutional investors did not like the news National Semiconductor was having trouble manufacturing semiconductor parts for its digital watches because of a strike in Thailand.

When the company revealed last week the trouble will hurt, stunned analysts began revising downward their earnings estimates. As a result, institutions sold heavily and National Semiconductor wound up being the most actively traded Big Board stock, plunging.9% to on 1,458,500 shares. The news dragged a number of other electronics and computer issues lower. Digital Equipment fell 7 to 165Vi. Burroughs to and Data General 4Vsto49.

The nation's automakers reported record or near-record earnings and some investors responded to the news. One analyst noted, however. Wall Street has anticipated sharply higher results. Chrysler was the second most active Big Board issue, up IVi to on 766,400 shares. General Motors gained to 68'A in active trading.

Exxon, on the other hand, reported lower seconcl quarter earnings. The stock, third most active on the Big Board this week, lost to 53Vs on 579,400 shares. Exxon's previously announced two-for-one stocksplit went into effect this week. Tandy Corp. fell 4 to 32 in heavy trading this week.

The company, which owns Radio Shack outlets, said it knew of no reason for the decline. A company spokesman said he did not think the firm would be hurt by the government's decision this week voted to expand the number of citizens band radio channels to 40 from 23. Some retail issues lost ground, apparently in reaction to a slowdown in the economy. Federated Department stored lost to 43Vi, Associated Dry Goods 3V 4 to and May Department Stores 3 to 129V4. Associated predicted lower earnings.

Kawecki Berylco gained after Molycorp announced plans to make a a-share tender offer for one million of the firm's shares. WEIK On WALL STREET By Thomas W. Weih Registered Representative It seen is as if today you can't bump into a friend without his commentir on the rather high probability that Jimmy Carter will be our next President. In fact, I've heard from more than one that th. contest is already decided before the campaign has even begun.

Well, it's hard to argue with all those polls that are being takei but 1 think we have to remember that they only reflect the public mood as of the moment. November is still some months away and events can sometimes cause changes in an unforese manner. I don't mean to predict a Republican victory, but to suggest we avoid drawing a hasty conclusion. For ye ars stock market analysts have kept themselves busy finding explanations for every little rise or dip in the market. Several are now advancing the idea that current price weakness is due to 0 coming election of a Democratic administration.

Could be Ui at more than a few investors are betting on a Carter victory. An it could be that some of those investors fear excessive govern iment spending and a renewed bout with double-digit inflation. owever, before you take any action based on this sort of thinking, you might want to look at the following statistics as determined by the Wright Investors' Service. 44 Years Ago Forty-Hour years have passed since the economic and stock market coll apse which occurred during the Republican administration of lerbert Hoover. During this period we have had four Democratic and three Republican Presidents.

Stock market prices rose at an average compound annual rate of 6.7 per cent. If that figui re is expressed in constant dollars adjusted for inflation, it repi -esents a gain of 2.8 per cent. In addition, stock dividends increased at a compound annual rate of 5 per cent, or 1.2 per cent wl adjusted for inflation. Here's; how the figures look when broken down by party administration: Average Annual Compound Rate of Change Stock Stock AdminUtrc itions Republican (16 Years: All were after WWII) Normal Do liars Pet. Pet Constant Dollars Democrats (28 Years) Normal Do Pet.

Pet. Constant Collars Pet. Pet. Democratii: After WWII Years) Normal Dollars Pet Constant tollars Pet. Pet.

While it is certainly possible that there are other factors that are responsible for the current market weakness, sometimes the greatest fear the market must hurdle is fear itself. The statistics ited above would seem to indicate that anticipation of a Democrs itic victory should lead us not to thoughts of peanuts, but a cracl ter-jack market instead. Reade rs are invited to submit questions to: Wekk On Wall Street P.O. Box ZK Reading. Pa.

19683 Dpllair Gets Away Poorly BRUSSE LS, Belgium (UPI) The dol lar fared poorly on most Euro- pean exchange markets at opening today and scored a three-month low in" Frankfurt. Quake Strikes Hebrides Area GOLDEN Colo. (UPI) A strong ear thquake in the New Hebrides Island region of the South Paci fie Ocean was recorded today, by the U.S. Geological Survey. Geophys icist Marvin Carlson of the Nat iorial Earthquake Information Center said the quake measured 6.9 on the Richter Si and occurred at "This as a strong earthquake anc 1 could have caused widespread damage in a populated area." Carlson said.

"However it was in the ocean and no tid al wives were reported;" Carlson said the nearest land mass to the quake's epicenter was the island of New Caledonia More Women WASHINGTON In July 1975 the 'nation had 109.4 million females and 103.8 million men. Th population advantage for i vomen is projected to widen to between 6.9 million and 7.9 million by the year 2000, the U.S. Census Bureau says. Only in Paris did it rally from the Friday close of 4.916 francs to 4.92, and in London the pound skidded from $1.78625 to $1.78350. In Frankfurt, the dollar dropped from Friday's 2.545 marks to 2.5355 amid fears the West German currency might be revalued.

Officials denied there would be a government increase in value. Bankers partly blamed the dollar's slip to its lowest rate in Germany in three months to an unfavorable American trade balance reported last week, and to the falling U.S. interest rates. Elsewhere, the dollar opened in Zurich at 2.4722 francs against 2.4823. in Brussels at 40.175 francs against 40.275, in Amsterdam at 2.6965 guilders against 2.708 and in Milan at 835.15 lire against 835.30.

Gold also fell. In London, bullion started the- week at $112.25 against $112.625 at Friday's close and continued its slide by the afternoon, fixing at $111.50. In Zurich, the metal opened at $111.85 against IEIAHI DAILY HEWS febri 4 rir actpt Swtfcyi by Html Publishing S. Slk mid P.nlnr Lcb- 17042. paid at LtbauM, Pa.

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