Cumberland Evening Times from Cumberland, Maryland on June 6, 1957 · Page 14
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Cumberland Evening Times from Cumberland, Maryland · Page 14

Cumberland, Maryland
Issue Date:
Thursday, June 6, 1957
Page 14
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FOURTEEN KVKNING TJMES, CUMBERLAND, Ml)., THURSDAY, JUNK 6, 1<J57 Wall Street Hears . . . . 'KKW YORK - (INS) — Wall Street Hears: \Yliat happens after Hie demand for oils simmers down? Thomson & McKinnon asks the question and then answers it with: "Perhaps Ihe rails will then be able to take over the leadership." The firm declares the rail group seems to be in an improving position . . . Lows of the 3-month liase range have not been violated, and adds that there are "in teresting technical patterns (ot Coast Line, B. i: 0., St. Paul, Denver Rio Grande, Central, Northern Pacific, Canadian Pad fie. Union Pacific, Southern Railway." Second half operations may be more favorable for the meal packers, hut little over-all improvement is expected this year. ISrunswick-Balke-Collenricr net this year may reach $7 a share which would compare with $fi.l5 in 1956 and $2.52 in 1955 Columbia Pictures income for the 12-month ending ,June 30 ex peeled (o be below the $2.22 of the previous period . . . ; Although first half sales of U. S. Tobacco arc a bit behind a year ago, full year net may top the $1.46 reported last year . . Baltimore Gas & Electric, in Hie midst of a $40 million expenditure program, will come into the market for more funds late this year or early in 1958 . . . J Market comment — Kenneth Ward of Haydcn, Stone & Com- -"Although some profit-taking or switching still seems advisable from time to time, a longer lepm selectively bullish approach continue to pay off.'. 1 County Notes Decrease In Building Permits The Allegdiiy County Assessing Department records show that Ihe total value and number of building permits in May was lower than for (lie same jnonlli last [ a , year. Last month there were 30 permits issued for construction which the builders .said would cost a total of $130,390. A year ago 40 permits were obtained quired and the total estimated cost of of construction was 5134,880. During the firsl five months ot 1957 sonic 148 permits have been issued for construction estimated by the builders lo cost a total of $2,742,375. The $2,000,000 was for a shopping center along Winchester Road for which a permit ing an estimated $19,500 • on a 175-acrc lot in Election District 7. C. Richard Muc.Mannis, 134 East Main Slrcel, Frostuurg, oh ined a permit for a $15,000 .ice cream and snack bar in Klection District 23 at LaVale. This Ifl-hy- 25-foot building will be concrete block construction. Marvin VI- lery, 917 Maryland Avenue, ac- a permit for construction a >4,500 frame dwelling in Election District 4 beyond Die South End city limits. jV»jne Mt/ll; * /I / ^" which no construction has begun. In Ihe first five months of 1556 there were 122 permits for a .„.„, cost of $841,305, well below lhi.< year's level even without the shopping center permit. The 30 May permits authorized construction in 15 election districts in the county. As usual, Election District 29 al LaVale was the comity leader with eight permits. Others with more than one are District 5, North End and East Side beyond cily limits, four permits; District IB. North Branch, four permits; District 6, Bowling Green, two permits, and District 24, Eckhart, Iwo permits. Single permits were issued for cpnstruclion in Election District I, Little Orleans; District 4, South End suburban; District 7, Cresaptown; District 8, Westernport suburban; District It, Frost- tairg suburban; District 13, Ml. Savage; Dislrict 15, Lonaconing suburban; District 20, Corrigan- villc; Dislrict 21, Gross; District 23, East Side suburban. Half of Ihe 30 permils were lor :onslruclion of new residences today estimated the oil industry will invest SCO billion to meet in- total creasing world petroleum de- is inands in (be next five years. He said about half the investment will be abroad, but warned that this "enormous commitment of capital cannot be made, however, unless Ihe political and financial climate both here and abroad is conducive. , ." garages and there was one each for a scout headquarters, dwelling and slorc, dwelling remodel- ling, garage and apartment, and ice cream and snack bar. Tliree sizeable permits were issued in the final days of May. E. A. Stair, RD 5, obtained a permit for construction ot a 74 by 28 foot brick veneer dwelling cost- NEW YORK-(INS)-R. 11. Macy & Co. today reported increased sales and earnings in the quarler ended May 4. Sales rose about $10 million lo $97,971,000 and earnings amounted to $574,COO, or is cents per share, compared with $475,000, or !2 cenls in (be corresponding period of 1956. Dial PA 2--1GOO for a WANT AD Taker Agriculture News Briefs WASHINGTON — culture Deparlment scientists at Mew Orleans, La., will soon starl to vise radioactive coball lo step up their search for new uses of collon and oilier crops. In announcing this yesterday, the department said future research calls for radiation treatments to help create useful new products from pine gum, lung oil and caslor oil. Cotton is the firsl commodity scheduled for radiation study. Scientists believe that "coball 60" will provide Ihem svilh a faster ami more accurate means of de- icrmining how various modifications affect the chemical reac- livity and physical properties of The Cumberland Junior Asso- 'ialion of Commerce installed officers lasl nieht in ceremonies Radiation research is also plan red on cottonseed products and fruits and vegetables. WASHINGTON — (INS) -The Agriculture Department purchased 270,000 pounds of dried whole egg solids this week to help stabilize producer prices. This week's purchases, the equivalent of approximately 27.000 cases of shell eggs, bring Ihe loial to data to 4,050.000 pounds jsince Ibe egg-solid buying pro- Igram was announced March 20. Wool is different fronvordinary liair-in Ibat it has tiny scales "•> its surface that overlap ca other. WASHINGTON—UN'S)—Higher >od marketing charges are in sight. Agricultural Department officials point out Ibat marketing charges for food rose in the firsl quarter of Ibis year and predict further increases during the rest of —- WANTED Cothcrmon's Business wants private hor... where she may work before and after school and on week-ends in return for board and room, or where she may pay for room and board. DIAL PA 4-0968 Officers Installed By Jaycees, Awards Given nelh Williams. the event, which was observed as "ladies night" with a dinner and dance. Kenneth J. Williams, retiring prcsidenl, turned over the gave] lo Robert A. Mathews, new president. Other incoming officers are Arthur S. Davis Jr. and Richard A. Sell, vice presidents; Raymond If. Lapp Jr., stale director; Glen R. Brant, secretary, and Rodney Pariser, treasurer. "Sparkplug" awards for exceptional service were presented to Gilbert Bohn, Lawrence Brady, Glen Brant, George Carney, Ar- Ihur S. Davis Jr., W. Bruce Douglas, J. Brooke Fradiska, William S. Firey, Conrad C. Hohing, Mr. Lapp, Oscar II. Lashley, Mr. Mathews, William T. Russell, Ronald J. Screen, Edward F Mullan, Richard Sell, Bernard Warren. Mr. Williams, William M. Wilson, Joseph Pcllerzi, and John R. MacVeigh. Walter R. Ilensell was voted outstanding new Jaycee, and Arch M. llutcheson, secretary- treasurer of. the Queen City Brewing company, receTvecT a special hospitality award. A cer- lificale of merit was given Ken- Property Transfers Richard E. and Alice Ravenscroft to Raymond E, and Irma Ahern, property in Cumberland. Lucy G. and Thomas Jaures lo Slate of Maryland, properly on •keting Baltimore Pike. John A. and Belly R. Kelly and Stephen Wandless to William B. and Marion V. Linn, properly in Dislrict 29, Allegany County. managing editor, The Cumber- fand News, accepled by Bernard E. Sitter, city editor, and to the Cumberland Sunday Times, for .1. Willium Hunl, Sunday editor, and lo Radio Station WCUM, The Jaycees also heard talks by George Snyder, slale president, and by former Congress, man Cat Johnson of Remington- The gin favorite of all the world! ^ Try it and see why.. , Gilbey's Gin is the gin distilled in 11 countries and served 'round the world! Galbcyfc Gin 's oismien IONDON tm cm. so PSSOF. toaj tutu Hio de Janeiro In Brazil, as in Icil other nutioiu, firsl rukl is fur '-GlLBEY'i, please. 1 "The world agrees on 'CILBKY'S please'!" SPIRIIS. K. t A. CIIBEV. tto.. CINCISIUII, OHIO FURNITURE V COMPANY y Drain T IN PORCELAIN — REGULAR 24.95 LIMITED STOCK . . . HURRY FOR THIS BARGAIN Kg 1 , full size tubs Wolf's sell every day aij 24.95. Porcelain. Double. They're free... WITH ANY... TTLcuJaq MAYTAG WASHER priced as low as witli your oW rOMPANY 29 Baltimore St. at S. Mechanic Free Customer Parking at Rear of Our Store opp. Postoffice DOUBLE DRAIN TUBS Baltimore SI. - Cumberland and Keyser, W, Va,^ N0 DOWN PAYMENT

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