The Times Argus from Barre, Vermont • 10

Ten THE TIMES-ARGUS BARRE-MONTPELIER VT FRIDAY OCTOBER 6 1961 Corporations Tap Investment Fund Market Tuesday Is Donation Day For Mayo Memorial Hosp By SAM DAWSON AP Business News Analyst NEW YORK (AP) -Corporations have been tapping the investment fund market at a fast pace this year Bank loans picked up but the new security market has been busy Governments have been borrowing heavily too The federal government has needed new cash to meet growing bills State and local governments have been issuing tax exempt securities at a great rate Only consumer borrowing for big ticket items or for housing has been trudging along far more sedately than the business recovery might suggest panies retained $9 billion of their net income and also had avail-1 able $23 billion from an increased flow of depreciation allowances This total of $32 billion available for operations or new plant and equipment helped corporations get along without borrowing 1 so much from banks or from the long-term investment market This availability of cash for corporate use continued marked through the first half of the year Bankers think this is a major reason that bank loans to business picked up along with the rise in industrial output Investors have' been partial to bond rather than stock issues because bond yields have been rising while stock prices have gone up faster than dividend payments making for lower yields on stocks in general At the same time been issuing long term bonds corporations have been putting more of their idle cash to work in the short term security markets where interest rates have been relatively high In past ydtrs a savings of about $300 in the food budget has been effected by this project The contributions may be taken directly to the rear basement of the hospital at any time during the day or to the Municipal Building Tuesday when auxiliary members will be packaging the foods to take to the hospital Or they may be given to the canvassers on that day Contributors who will not be at home are requested to leave donations in a bag on the porch and clearly labelled for the hospital Mrs William Mayo chairman of the project will appreciate help Tuesday at the Municipal Building NORTHF1ELD During October the Women's Auxil i a of Mayo Memorial Hospital sponsors Donation Day It is an annual opportunity for residents to share the food surpluses and is in no way intended as a financial drive This year Donation Day will be Tuesday The local high school students will make a house to house canvass for contributions of canned frozen or non-perishable garden produce Fresh fruits and vegetables are also acceptable as well as home canned or frozen foods commercially canned goods and food staples Apples are also desired The school children in the district always participate in this project by taking a jar of food vegetables or packaged goods to fill a box at school Fairlee AUTUMN UYERS ONANZA Craftsbury And Hardwick Form District Band HARDWICK Donald Le-Grow music director of Hardwick Academy is organizing a program for the 1961-1962 year The band has grown considerably this past year starting with 17 and climbing to 40 LeGrow feels that at this rapid rate of growth HA should be able to boast of a band of 80 members with the hopes of organizing a second band for the elementary grades With the help of the Parent-Teachers Association the music department has secured uniforms for the band In a bright gold color the trousers and jacket are trimmed in purple with hard hats to match A District Band has also been formed This band is composed of Hardwick and Craftsbury The purpose is to give the students the opportunity of playing in a large group and adding strength in various sections of the band This organization will meet twice a month alternating rehearsals between both towns Whenever a performance is held both bands will play as a single unit such as at both Christmas concerts this year Part of the rush of corporations and government agencies to float new issues of bonds and stocks has been due to the relatively low level of interest rates This has been an administration objective But it also has been due to a fairly flush supply of investment funds thanks to increased savings plus the slack demand from consumers and from business for bank loans And part of the rush to float securities since March when the recession was floored for the count has been due to the expectation that the business recovery will step up total demand for borrowing to the point that interest rates must rise whether the money managers approve or not Most of the corporate borrowing has been in recent months but Federal Reserve Board figures for the first half of 1961 put the total of new issues at $65 billion This was significantly more than in 1960 when business was pulling in its horns Also business last year was able to a large degree to live off its own fat That is off funds it engendered itself The First National City Bank of New York notes that in 1960 corporations garnered some $68 billion in cash The bank economists say that $22 billion of this went for taxes on income and profits and $14 billion for dividends But the com- Kiwanis Members Review Hardwick Key Club Work HARDWICK Eleven m-bers of the Hardwick Academy Key Club were guests of the Kiwanis dinner meeting at Ray and Lucy's Restaurant Key Club Committee Chairman Chandler Kimball gave a resume of current activities and those in planning stage The boys are engaged in various projects around the school assisting in the noontime guidance of smaller i 1-dren and helping in maintaining the grounds Officers of the Key Club are Ronald Whitcomb president Patrick Ferland secretary Bradley Symonds vice president and Robert Goudreau treasurer The Kiwanis Club has ordered several thousand more tulip bulbs: all of which are intended for public planting with all costs carried by the club New plots will include the front of the library new school and in front of the two churches on Main Street One or two members will be in charge of each plot with Key Club boys offering assistance Frank Cass explained tbe value of the local Boy Scouts The fall drive for funds to help furthering the progress of scouting will start soon At present more than 800 scouts are registered as active and many more have put in for applications Another Scout leader has become necessary and volunteers are asked to contact Cass Miss Roberta Davis librarian of the Brown Public Library is attending the annual conference of the New England Library Association in Swampscott Mass Following the conference she will visit her brother-in-law and sister Mr and Mrs Donald Griswold in Lancaster Mass During her absence Mrs Mary Parks 4 Slate Avenue (5-9161) will substitute as reporter for this paper Worship Services Federated Church Sunday the Rev Frank Watson minis ter 9:30 am worship service and church school Sermon: and Karl Johnson superintendent Junior choir Mrs Donald Lindsley organist 6 pm Senior Youth Fellowship Mr and Mrs Gordon Southworth counselors Wednesday 3 pm Junior Youth Fellowship with the new counselor Mrs Jackson Webb and Rev Mr Watson Thursday 7:30 pm choir rehearsal Mrs Gordon Southworth director Sunday Oct 15 at 3:30 pm the Grafton Association meeting will be held at the Congregational Church at Lisbon Last Tuesday evening there was a meeting of the general church committee Old Girls' School Burns At Exeter EXETER NH (AP)-A landmark in this town Robinson Female Seminary has been destroyed by fire The building boarded up this fall and no longer in use was completely engulfed by flames last night Cause of the blaze or extent of damage were not known The four-story building was a gift to the town in 1869 from the late John Robinson who wished it used for the education of young women The town took over the building ii EDDIE CLARK'S EAST MONTPELIER VT CHEVROLETS Was Now 2-Dr 6 Cyl $1295 $1195 4-Dr Wagon 6 Cyl $1395 $1195 4-Dr Sed 6 Cyl $1295 $1 1 95 Sed 6 Cyl Std 695 $595 (A Real Beauty) Cadillac 4-Dr Fleetwood-Auto Power Seat $795 PONTIAC Auto Hardwick Banker INew Craitsbliry school Opens Leaves Oct 13 For Calif Convention CRAFTSBURY Crafts bury School opened classes Monday in The lower level has a large lounge for social functions and tory The sloping site affords level access to the building at mid-level HUNTERS' SPECIALS -HURRY Plymouth Wagon Pontiac 2-Dr Hdtp Chevrolet 2-Dr MANY MORE Miss Houston To Marry Mr and Mrs Paul Houston of West Church Street announce the engagement of their daugh ter Miss Sybil Ann Houston to Arthur Leigh Gundersen son of Mr and Mrs Arthur Gundersen of Rochester Miss Houston a 1960 graduate of Hardwick Aacdemy and graduate of Harper Method Beauty School Rochester is employed by Miracle Touch Coiffure Beauty Shop Penfield Gundersen attended Ad i Central School Addison NY and! National College in Kansas City Mo He is employed by Eastman Kodak Co in Rochester I the new building located near Hos-mer Pond in Craftsbury Common Construction was begun in the spring on a new main building to replace the one destroyed by fire last winter The building is constructed in two stages The first stage consists of a three level dormitory wing housing 56 students Provision is made for an additional 16 boys The upper and mid-levels contain rooms to house two boys with study spaces in each On both levels is an apartment for a school master who provides guidance for the students during off-classroom hours The second level also contains an firmary entertainment This area leads directly to an outside terrace overlooking the hockey rink and sports field Also included on the lower level is space for student government newspaper commis a bookstore maintenance and mechanical functions With construction of the second wing the building assumes a T-shape This wing houses classrooms labor a study hall library faculty and administrative offices The juncture of the two buildings forms a large lobby and stairhall two stories high Suspended stairs connect to a bridge between the upper levels of the two wings isolating the academic building from the dormi one on side It allows for light and air through large glass areas on the other sides of the building A feature of the exterior is the large sheltering roof overhead The exterior vertical siding is rough-sawn native pine treated with a preservative which will speed the weathering processof the wood to a silver gray After the fire classes were held at the former Ethan Allen Air Force Base for the remainder of the school year Twelve students are studying in Switzerland on the junior program plan In this reciprocal program 12 foreign scholars will study at the Craftsbury School Gifford Hospital Patient Register RANDOLPH Admissions to Gifford Memorial Hospital Sept 27 through Oct 3 Randolph: Mrs Stanley Rydjeski Fred Davis George Barcomb Robert Hatch Mrs Nellie Bunker Mrs Fred Hutchinson Mrs John Sayward Randolph Center: Russell Carpenter Miss Marion Bent Braintree: Mrs Arthur Luther Charles Sumner Mrs Ardin Deyette West Brookfield: George Wakefield Bethel: Mrs Jennie Woodward Mrs Paul Rogers Mrs Lillian Nichols Mrs Theodore Rhoades Mrs Paul Rogers South Royal-ton Mrs Fred Howe Fred Matthews Mrs Stuart Robinson Rochester: Mrs Clyde Barber Lawrence Bradeur Frank Twitchell Sharon: Elmer Raymond Tunbridge: Benjamin Tucker South Strafford: Robert Ordway Hancock: Mrs Charles Miller Mrs Robert Bagley Pittsfield: Durward Andrews Discharges Randolph: Harry Michielsen Mrs Gordon Rice Mrs Paul Howard George Bar-comb Mrs Peter Nye and baby Mrs Stanley Rydjeski and baby Randolph Center: Mrs Clara Thomas Mrs Lucy Brown Russell Carpenter Miss Marion Bent Braintree: Gilbert Flint Mrs Ardin Deyette Bethel: Mrs Louis Wilson Lewis Edmunds Mrs Barbara Rogers East Bethel: Scott Reynolds Mrs Guy Young South Royalton: Fred Matthews Mrs Fred Howe and baby Rochester: Vernon Brink Roscoe Warner Mrs Arthur Newell Lewis Curtis Miss Rose Fish Lawrence Brodeur Stockbridge: Mrs Walter Pultz Hancock: Richard Andrews Tunbridge: Benjamin Tucker Roxbury: Winfield French West Jutland: Philip Fowler Births: Sept 28 Mr and Mrs Stanley Rydjeski a daughter Le-titia Mary Mr and Mrs 'Fred Howe a daughter Lori Ann Oct 3 Mr and Mrs Theodore Rhoades a son Timothy Albert Mr and Mrs Paul Rogers a son Steven Otto Party Highlights Race Season For Bradford Boys BRADFORD Sept 30 marked the close of the Go-Cart race season when 25 boys who have competed each Saturday afternoon throughout the summer were entertained at a party at Mrs Robert Bradley's The race track extended the length of Maple Street from the top of the hill at the junction of Main Street to the Bradford Veneer and Panel Co plant This was closed to traffic during racing hours The lawn at the Fred Brown residence was used as a area Racing carts were homemade affairs meeting specifications as to size of wheels and width of the carts The races were conducted by rules and regulations drawn by by boys participating As many as 40 boys took part in the competition during the season coming from Haverhill and Orford as well as from Bradford and ranged from six years to high school age Drivers in their colorful racing costumes and their carts of many designs attracted a large following Races were organized and supervised by Mrs Robert Bradley Forrest Brown was official starter and Tom Scripture timer for the season George Demis won first prize in the state championship race John Colby Jr second Dale Ford of Haverhill third George Clogston fourth David Benjamin fifth and HARDWICK Carroll Rowell treasurer of the Hardwick Trust Co enplanes Oct 13 for San Francisco Calif where he will attend a convention The convention is held for all United States bankers and Puerto Rico Oct 18 Rowell will fly to Honolulu where he will attend a Mid-Pacific Banking Seminar Meeting with Hawaiian Bankers Walter Crandall a former Hard wick Trust Co treasurer made reservations at the Halekunani Hotel at Aloha This hotel is located on beautiful Waikiki Beacnh Oct 2i Rowell will fly on a six day tour of the outer islands which include two days and a night on Kauai the Garden Island one day and a night on Maui the Valley Island three days and three nights on Hawaii the Big Island where accommodations will be made in Hilo at the House and in Kona with return trip to A REAL YANKEE TRADER COME ON OUT and TRY US Mr and Mrs Gallant and two daughters of Derby Line have been visiting her parents Mr and Mrs Robert MacDonald and his father Cyrus Gallant Mr and Mrs Earl Mitchell of South Glastonbury Conn were weekend guests of Mr and Mrs Eddio Barr and attended the funeral services of Joseph in 1947 and operated it as a girls public high school YOUR BEST BUY FROM YOUR NUMBER ONE DEALER 1959 FORD 4 Door V-8 Sid Very 'Clean Book Price $1365 Hugh Kinney sixth All received prizes Dean Chase received the prize for the fastest cart and Lee Bradley accumulated the largest number of points during the season 995 Our Price 1960 CHEVROLET IMPALA CONVERTIBLE 6-cyl standard shift Radio Heater 1960 CHEVROLET PARKWOOD Station Wagon 6 cyl standard shift Radio Heater 'Safe Buy' Used Cars 1958 FORD 4 Door 6 Cyl Std Shitl Radio Heater 695 V- iv I960 FALCON De-Luxe Trim 4-door Sedan Radio and Heater New while sidewall tires $1595 HERE'S HOT NEWS From PERRY AUTO CO 1960 CHEVROLET BEL AIR 4-Door Sedan 6 cylinder standard Radio and Heater 1960 CHEVROLET BEL AIR 2-Door Sedan 6 cylinder standard Radio Heater 1960 PLYMOUTH BELVIDERE SEDAN Radio and Heater 6 cylinder Automatic 1959 CHEVROLET IMPALA Sport Coupe V-8 Power Steering Radio Heater I960 DODGE DART SEDAN V-8 and automatic trans Very clean $1865 The 1962 FORD GALAXIES and FALCONS are here and due to outstanding new car sales our choice of Used Cars is at its peak! See them now! 1961 Falcon Sedan $1895 Standard shift Very clean Next to new condition and save save save I960 SAAB 2-door Sedan: Radio heater and white side-wall tires One-owner car and spotless $1095 I960 Ford Galaxie $1835 6 cylinder with standard shift radio heater and many other extras YOU'LL BE A WINNER WHEN YOU BUY A NEW OR USED CAR FROM CODY'S YOUR NUMBER ONE CHEVROLET DEALER AS IS SPECIALS 1957 FORD WAGON V-8 Engine Automatic OUT THEY GO! AS IS SPECIALS! 1955 CHEVROLET $395 SEDAN Auto Heater Barre Confraternity Plans Card Party The Confraternity of the Holy Rosary met Wednesday night at St School Hall The president Mrs Angelina Zanleoni presided Plans were made to hold a card party Miss Carrie a 1-cagni and Mrs Zanleoni will serve as co-chairmen Members of the Confraternity will receive Communion at the 8:30 Mass Sunday morning preceded by the blessing of the roses ceremony Members will meet at the church at 8:10 Also attending were Mrs Margaret Luccnti guest of Miss Elizabeth Colombo and Mrs Adele Germignani guest of Mrs Renata Salvatori Mrs Bianca Gherardi a Con-fraternity charter member now residing in Los Angeles visited the meeting At the conclusion of the meeting a social hour was held and refreshments served by Mrs Josephine Sartorelli Mrs Carla Bnrdelli Mrs Amalia Comolli and Miss Gladys Comolli Wells River Woman Heads Wool Contest Vermont's first contest in the It Yourself With program will be held Oct 28 at the Newbury Village Hall The contest is sponsored by the Vermont Sheep Breeders Association The program nationally is sponsored by the Women's Auxiliary to the National Wool Growers Association and the American Wool Council The state director is Mrs Amy Burroughs of Wells River Among the contestants is Miss Betty Travers of Hardwick who purchased her wool fabric in Barre 1959 Galaxie Victoria $1845 6-cyl Radio 1959 PLYMOUTH Belvedere Sedan Automatic transmission radio and heater Very clean $1125 SAFE BUYS! 1959 CHEVROLET Kingswood Station Wagon V-8 Auto 9-passenger clean 1959 RAMBLER Sedan 4-door 6 cylinder standard Radio Heater Perfect 1958 CHEVROLET BISCAYNE TUDOR 6 cylinder Automatic Radio Heater Clean Radio Heater 1955 PLYMOUTH s295 Wagon Standard Heater 2-Door 6-cyl Radio 1958 PLYMOUTH Custom Suburban V-8 Power steering and aut-matic transmission 20 lower than current market price 1956 DeSOTO cylinder Standard 47 1955 PONTIAC $295 Wagon cylinder 4-Door 8 Radio Heater Clean Station 8 Auto 5 V-8 with automatic transmission heater radio and other extras Drive it today 1959 Chevrolet Sta Wagon $1485 6 cylinder standard shift Good motor nice finish 1958 Ford Sedan $1125 V-8 with Ford-o-Matic radio and heater A nice running one owner car 1957 Plymouth Sedan $795 V-8 push button drive good tires good motor 1957 Ford Sedan $995 V-8 with Ford-o-Matic radio and heater Good interior clean finish good tires 1956 Ford Victoria $825 V-8 with Ford-o-Matic radio and heater An exceptionally clean nice handling car All cars are state inspected winterized and guaranteed to give you maximum satisfaction Open Every Evening Come In or Call 1958 FORD COUNTRY SEDAN Power Steering Manual Transmission 1957 DODGE Hardtop V-8 Radio and Heater Only 22000 miles Many Cars at less than wholesale prices 1957 CHEVROLET SPORT SEDAN V-8 Automatic A real nice car 1957 FORD CONVERTIBLE V-8 Auto Looks like new Ask For One of These Salesmen Joe Ryan Barre Vt Dwaine Senter Montpelier Vt Stan Kilburn Barre Vt Pat Ambrose Montpelier Vt And For All Your Truck Needs See HERMAN KILBURN-Barre 1957 PONTIAC STATION WAGON V-8 Auto Very clean Cadillac 4 Dr Hdtp (2) Chevrolets (1) 6 cyl std (1)6 cyl auto Plymouth 2 Dr Hdtp auto 56 Chrysler New loaded Ford Country Squire Others To Choose From WILKIES NEW AND USED CARS CA 3-7848 OPEN 9-9 193 Barre St Montpelier SEE US FIRST () For Best Buys SEE US FIRST For Best Buys ORTIZ Motor Saleslnc COMET MERCURY 287 North Main Street Barre Vermont Telephone GR 8-3643 Li I'M 23 SUMMER ST PH GR6'4l9S Your FORD Dealer Since 1910.