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The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin • Page 40

Location:
Racine, Wisconsin
Issue Date:
Page:
40
Extracted Article Text (OCR)

.10 KAHNF, Rt Seplrmbpr 2R, 195R Sunny Predictions Mark Industry's Entry into Fall F.W moved from summer into fall Inst wpok with sijjiis of recovery biisliiij: out ail over. Shoppers with plenty of foki- inp money jammed the nation's department stores. Well-heeled investors and speculators pave the stork market one of its busiest trading sessions of the year. Scplcmbor Pickup Sales on the New "I 'ork Stock Exchanpe totaled shares as stock averages pushed into new hiph ground. Stock sales for the previous week were 18.111,2 (i (i shares and in the correspondnip week totaled shares.

Bond sales had a par value of last week compared to 290,0 (10 in the ant! in the same week last year. Steel ovitput and petroleum production set new 1958 highs. Machine tool builders reported a September pickup in new orders. In the building industry, contracts awarded for future construction soared to the high est ffollar total ever recorded. Auto Idle Even the long-depressed railroad industry produced some cheerful news: Red ink on railroad ledgers was gradually giving way to black, and freight Shoe Prices Heading Higher NEW YORK (JP) Shoe prices are heading higher but consumers won't feel the pinch until next spring.

International Shoe Co. and Brown Shoe Co. said they: would increase prices for their line of shoes which retailers will be selling in spring 1959. Henry Rand, president, said International is making "an upward price adjustment" effective Oct. 13.

He declined to say how much the increase would be. Louis J. Schaefer, vice president-sales, Brown Shoe, said his company's increases would average 2 to 3 per cent. Expect Gain in Sale of Electric Power NEW utilities which should come through the 1958 recession with a sales gain of 1.8 per expect a sales jump of 9.5 per cent in 1959. Electrical World reports in its ninth annual electrical industry forecast.

The outlook for electrical energy sales to residential consumers is encouraging. A record will be set this year, despite poor appliance sales and a delayed spurt in housing construction. Sales are expected to jump 9.6 per cent. And, there is every evidence that this rate will continue in 1959, the magazine states. rarloadinps were picking up Strikes still hampered the auto industry's production of 19,59 cars.

At week's end General Motors reported 45,000 men idle at 19 plants. Ford closed its bir River Roupe steel works. When strikes against its suppliers cut off the flow of parts. Motors flacged down production of Ramblers. Chrysler also beset with labor troubles, postponed the introduction of its 1959 De Chrysler and Imperial cars.

Instead of bowing Oct. Ifi as originally planned, the new models won't appear in dealers' showrooms until Oct. 2-t. The cost of borrowiiig money inched up again last week and even L'ncle Sam felt the pinch. Seeking to raise billion in cash, the U.S.

Treasury offered investors two new issues or short-term securities. The interest is double what the treasury offered seven weeks I Sunny Predictions Prices also made news. Increases were announced for tin cans, bath tubs, radiators. Cadillacs. Chevrolets and shfies.

But the price of coffee drifted lower. Looking toward 1959, business leaders attending a marketing conference in Chicago came up with a brand new batch of predictions, mostly on the sunny side. George Cline Smith, vice president and chief economist for F. W. Dodge predicted a continuing upsurge in new construction.

Myron Silbert. vice president of Federated Department Stores Inc. said Americans will have more business for retail merchants, since retail sales follow personal income up and down. Siding with the optimists was Gabriel Hauge. who resigns next week as President Eisenhower's top economic adviser to join the Manufacturers Tmst Co.

of New York. In a Wash- incton interview, Hauge said: "The recession is over and we arc on the way up. The evidence is quite clear. I do not expect the current recovery to be a false dawn. I think it is real." Carloadings Up to High for Year WASHINGTON Revenue freight carloadings by.U.S.

railroads during the week ended Sept. 20 sot a new weekly high for the year of 667,277 cars and narrowed the carloadings decrease from year earlier levels to the Association of American Railroads reported. For the week ended Sept. 13 previous high this carloadings totaled 665,999 cars, of 10.1% below the corresponding week a year earlier. It's Your Move By RUSS KIME A near-record field of 20 players opened round one of the Racine county chess tournament last Monday night at Douglas Park, including newcomers Hellmcr and No upsets marked the first round of play, though the summer's layoff produced some rusty chess in spots.

The results of round 1: Olll Wfldner Kunt Hfllmfr 1 Kiinn 1 'i X.ifrkt 'j Mikp ij 1 Pfirrinn 0 0 Rurcnlinff 1 riomskv 1 Ol.Tn 0 0 I 'Uli 1 Ohfrg 1 MilirimM 0 ifuliiirr 1 B.vrri 1 0 The standings: Klmr 1 Zlnkt Kuni 1 Wfii. PlJtlPllllnff 1 Oill (I nnmvkv 1 rviT fl Pllll 1 Upllnirr Obfrir 1 Ol'rii Ifubnfr 1 BiUwnrin Bvrd 1 Wridnfr Kuan 0 MIkf 'j (i BI-STATES OPENER The first round of play in Ri- Slates League competition has been set back one week from Oct, 5 to Oct, 12 because of a conflict with the World Series. Round 2 will be played as scheduled the following Sunday. Oct. 19.

CORRESPONDENCE John Obcrg supplies (he fol- Imvinp game, recently completed, in which he a niember of the fan' sex. Miss Margaret. Wood. I'he game, a' French Defense, one of the writer's favorites, that the French is not always a plow, defensive type of sirup- pic, but tlml an error on eiihcr pivie can lead lo iiui.ck combmu-' tive punishment for the offender. FRKNCH IIKI KNsr, Wnod Ohrrc RUck 1 H.

n-nj gNxQP 2 P-Qi P.Q4 Nx.S' QxN P-Kf, P-Qm 16 QIU n-Qlll N-KJ n. ()-0 5 P-cjin 18 gi ax.s 6 P-KNj IB li 7 liNJ I'XP 'JU, H-gi I'xl' Il.N:,i Jl. 10. p-m I 'xH K-NM 11 llPuP KN-K3 'H P-KNI ij. Hin N-m H-pfi n-ne MILWAUKEE In the last two years Milwaukee has produced the largest and strongest Open tournaments in the country, with only the U.

S. Open being a possible exception. The North Central Open, held each November, began three years ago, and the Western Open a year later. In last year's Western Open 122 players competed, and the North Central attracted 93. The strength of these tournaments is shown by the fact that Bobby Fischer failed to finish higher than sixth in cither, the same year that he America's triple crown, the U.

S. Junior, the S. Open, and the L'. S. C.

F. 'championship events. Another French Defense, from the North Central Open shows White winning in short order, as Povilas Tauivaisas of Chicago defeated a fellow Chicagoan. Allen Calhamer. KKENCII nKIKNSE While: niark; I'nulvalsai lalhinier I P-K4 1 QIU 3 P-Q4 II 1 NOJ PxP 0 KJ NxP N-KPl 1(1.

N.vP NxN 11 O-n PK4 6 13 R-Kl Rf ur li. B.QN6, Olds Introduces Sport Sedan for 1959 Oldsmobile's "88" Holiday Sport Sedan for 1959 represents "family-sized" transportation luxury in sports car design. The thin roofline and wrap-around rear window serve to accentuate the mobile appearance of Oldsmobile's "linear look" for 1959, Sweeping full-length along the body, the sculptured twin booms give the car a look of mobility even when parked. They also highlight Oldsmobile's two-tone styling for 1959. Recessed in the grille, the four-beam headlamps are located closer-to-the-road for improved nighttime visibility.

The sport sedan body style also is available in the "98" and Super "88" series. Increased interior roominess is a feature of all 1959 Oldsmobiles. FREE PARKING Behind Our Stora Entrance of 724 Grand I FLU Veneered in BIRCH and SI 1001 Uses Cocktail 7o6 Dining Tables Sliding Doors Closet Doors Wardrobe A Savcway Special Special NOW 5 ONLY A SA SLIGHT IK SOLI PRE-MARKET Must Clear Our Floor To Make Room For Incoming Furniture Shipments Bedroom Suites MODERN EARLY AMERICAN 18TH CENTURY STYLES REG. PC. KNOTTY PINE SUITE.

Double dresser and mirror, bookcase bed and chest. YOU SAVE REG. PC. BLONDE MAHOGANY BEDROOM SUITE. Double dresser, end mirror, bookcase bed and chest of drawers.

YOU SAVE $95 125 REG. PC. BEDROOM SUITE, 6 drower dresser with tilting mirror, bookcase bed, and chest in limed oak finish. YOU SAVE REG. PC.

MODERN BEDROOM SUITE. Triple dresser, tilting plate glass mirror, bookcase bed, chest all dustproof center drawer guides grey mohogany. VOU SAVE REG. PC. BEDROOM SUITE.

Blonde oak finish, double dresser, bookcase bed, dust proof and tilting mirror. YOU SAVE 5165 180 REG. PC. MODERN BEDROOM SUITE. Double dresser with tilting mirror, panel bed and oak, all dust proof.

YOU SAVE 500' n85 220 REG. 3 PC. WALNUT BEDROOM SUITE. Double dresser with framed walnut mirror, bookcase bed and large dust proof. 41 Qft YOU SAVE REG.

PC. MODERN BEDROOM SUITE. Large double dresser with shadow box mirror, bookcase bed and large chest. Finished in Fawn Sierra Mahogany. YOU SAVE REG.

PC. EARLY AMERICAN CHERRY SUITE. 9 drawer triple dresser, bookcase bed, large chest on dust proof and center guided drawers. YOU SAVE REG. PC MAHOGANY BEDROOM SUITE.

9 drawer triple dresser with tilting shadow box plate gloss mirror, bookcase bed ond large 5 drawer chest. Solid tops and sides. Charcoal mahogany. YOU SAVE '250 Buy Hero No Finance Company To Deal Do All Business Directly With Us! Open Mon. FrI.

9 to 9 Doily Sot. 'Til 5:30 NO MONEY DOWN EASIEST TERMS IN TOWN Across From Ciir HALL use. 709 CENTER ST. sr. PLENTY DOOR MIRROR ONLY 7 With ond dipt Eosy io instoll FRii ESir Home ROOF COATING As Low 35c qt.

OPEN FRid LUMBER WALLPAPER Diol ME 2-5162.

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About The Racine Journal-Times Sunday Bulletin Archive

Pages Available:
33,229
Years Available:
1954-1970