Alton Evening Telegraph from Alton, Illinois on August 12, 1963 · Page 18
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Alton Evening Telegraph from Alton, Illinois · Page 18

Alton, Illinois
Issue Date:
Monday, August 12, 1963
Page 18
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ALTON EVENING MONBAY* AUGUST !»,• 1603 Reports News of Business, Industry in Area Giik's Will Open New Store Joseph Glik, owner of Glik's Department Stores, has announced another Glik's store is scheduled to Open in the Monticello Shopping Center about the middle of October. The store will be located in the 6,000 sq. ft. unit formerly occupied by Miller's Department Store. Glik said that the store is being remodeled and new fixtures are being installeld. The store will carry men's, women's, and children's apparel, plus a complete line of household goods. Other stores are located in Alton Plaza, Wilshire Village, Edwardsville, Granite City and Madison. Attends Preview Hotpoinl Showing Vincent Saalc, of Vincent Saale Appliance Co. in West Alton attended a preview showing of (lie 1964 Hotpoint home laundry appliances last week in Hot Springs, Ark. The new appliance line will be available about Sept. 1. Radcliff Wins Trip to Mexico City Allen Radcliff of Alton, sales representative for Great States Life Insurance Co. of Quincy, has won a six-day all expense paid trip to Mexico City in his company's Mexican Fiesta contest. He will attend a company seminar in Mexico City at the same time. Blair Wins Service Award Jim Blair, sales representative for National Chemsearch Corporation, with research headquarters in Dallas, Te.v., and branches in St. Louis, New York and Los Angeles, recently received his company's highest award for outstanding service to the firm's customers. The award, known as the Top Quality Award, honored Blair for his interest in serving his customers and for his accomplishments in the field of maintenance and industrial chemicals. In recognition of his achievement, an engraved trophy was presented to him by National Chemsearch. Blair and his wife, Jean, and children, Jim Jr., 18, Barbara, 16, and Kenin, 7, live at 5203 Wick- way Dr., Alton. Mrs. Walters Wins Wisconsin Trip Mrs. Helen H. Walters, 3106 Leverett, agent for the Financial Security Life Insurance Co., of Moline, has been awarded an all-expense-paid trip to Lake Lawn Lodge at Delavan, Wis., Aug. 18 through 21. The award sales production during a EXPLAINS NEW ADVERTISING CAMPAIGN Robed De Grand (left), executive vice president of Piasa First Federal Savings and Loan Assn., explains Piasa's new advertising campaign which features industry in the area. From the left are Tom Butler, Paul Shortal, Ray Jack, and Sam Duncan, area industrialists. News of Stocks Steels Show Gain was based five-month on outstanding campaign. First Woman Elected to Sear's Board Mrs. Claire Giannini Hoffman, prominent West Coast banker has been elected to the board of directors of Sears, Roebuck and Co. She is the first woman director in the company's Tf7-year history, Austin T. Cushman, chairman of the board, said. Land of Lincoln Stock Split The Board of Directors of Land of Lincoln Life Insurance Co. last week .approved a four for one split of the company stock. The split was approved by the Department of Insurance of Illinois. Orville Bierbaum of East Alton is genera] agent for this area with offices located in the Alton Savings Building, Suite 204. Olin Introduces New 'Dynabolts' Olin Mathieson Chemical Corp. is diversifying its Ramset operations by introducing a new line of drop-in anchoring devices for masonry, called Dynabolts. Using the new Dynabolts, Olin said, building contractors can fasten pre-drilled fixtures to concrete as much as 66 per cent faster and at a lower cost than is possible with older self-drillers or machine screw lead anchor systems. Dynabolts create a fastening that is unusually strong—up to 15,000 pounds of holding power. Gulf Spends Millions for Offshore Oil Three significant new-field discoveries and a pair of major extensions have been proved by Gulf Oil Corp. on leases costing approximately $51- million of the $75-million expended for 117,000 acres of Louisiana offshore leases in 1962. Additional drilling is planned to evaluate blocks acquired last year butw hich have not yet been proven. These developments are in addition to the major fields found offshore on previously acquired leases. The offshore successes are the culmination of a program begun in 1954 when federal leases off Louisiana were first acquired. Auto Industry Leads in Modernization The auto industry's long tradition of tough competition is being carried on as its current expansion and modernization plans outpace the rest of the economy, according to an analysis of current industry statistics by C.I.T. Corporation. The auto industry expenditures for new plant and equipment are expected to total $900 million this year, according to government reports, said Daniel V. McCarthy, vice president of C.I.T. Corporation, the nation's largest industrial and commercial financing institution. This represents a gain of 8 per cent over such outlays in 1962 compared with expectations that the expenditures by all industries will rise only 5 per cent this year, he added. 'Jeep' Sales at Ail-Time High Retail deliveries of 'Jeep' vehicles and factory sales to dealers were at an all-time high during the first six months of 1963, it was announced today by James Beattie Jr., vice president-marketing of Kaiser Jeep Corporation. Retail sales were up 62 per cent and factory sales increased 70 per cent above the first six months of 1962, he reported. New Colonial Bread Package "Pull down to open and press to close," that's the way Ed Seibert, vice president oi the Colonial Baking Co. describes the new innovation in bread packaging introduced this week in the Alton area, "This easy-open, easy-close resealabje label has been added to the Colonial package as a convenience for the homemakers" said Seibert, A recent national survey by the E. I. Du Pont Company, of 10,000 families to determine attitudes toward the packaging Qf bread produced the startling information thftt 27 per cent of the housewives questioned complained about the difficulties j n opening and re- closing bread packages. NEW YORK (AP)-Steels ral- ied in an irregularly higher stock narket late this afternoon. Trad- ng was heavy. Volume for the day was estimated at 5 million shares compared with 4.04 million Friday. Gains or fractions to around a point among key stocks outnumbered losers, but the margin was not great and there were plenty of soft spots. Specially-situated or more volatile issues were the stars. Parke, Davis, up more than 2, looked the volume leader for the third straight session. Other drugs were mostly down. U.S. Smelting also was heavily traded and up 4 or better. Polaroid added half a dozen points, Xerox 5, IBM 3, Control Data more than 2. Pfizer lost about 2, Union Carbide a point. As steels came up, Youngstown Sheet rose about 2, Crucible and Jones & Laughlin more than a point each, U.S. Steel and Republic about a point. Chrysler, ahead more than a point, was outstanding in a narrowly mixed aulo section. Rails moved upward fractionally on a broad front. Tobaccos and most of the nonferrous metals were fractional losers. Oils were narrowly mixed, aerospace issues slightly higher. Prices on the American Stock Exchange were mixed. Corporate and U.S. government bonds were mostly unchanged. Livestock Prices At East St. Louis NATIONAL STOCKYARDS, 111. (AP) - (USDA) - Hogs 9,000; barrows and gilts 190-260 Ib 17.5018.40; sows 275-625 Ib 13.00-17.00. Cattle 6,000; calves 250; good to prime steers 24.00-25.00; good to choice heifers 22.50-23.50; cows, utility and commercial 14.0016.50; vealers and slaughter Today in Washington Dirksen Doubts Tax Cut Passage By THE ASSOCIATED PRESS WASHINGTON (AP) - In the news from Washington: NO TAX CUT?: Senate Repub lican leader Everett M. Dirksen of Illinois doubts that Congress will get around to cutting taxes this year. "President Kennedy is putting heavy pressure on the Democrats for action but whether he will get it remains doubtful," said Dirksen, a member of the Senate Finance Committee. TRADE: committee joint deal congressional with international trade problems has been recommended by assistant Democratic Senate leader Hubert H. Humphrey of Minnesota. 'Right now the examination of trade problems and policies is considered almost at random by several congressional committees," Humphrey said in a statement. 12 Selected Stocks Following are today's 1:30 p.m. quotations of 12 New York Stock Exchange issues research has indicated are widely he}d in the Alton area, as supplied to the Telegraph by Newhard,. Cook & Co., from its Alton office. (The New York Exchange closes at 2:30 p.m. (Alton time), so these are not the closing quotations): AT&T 122%, Gen. Motors 71%, Granite City Steel 27%, Olin Mathieson 42%, Owens-Ill. SOVa, Shell Oil 45%, Sinclair Oil 45%, Socony 69%, Standard Oil (Ind.) 64%, Standard (NJ) 70%, U. S. Steel 47%, Sears 90. calves active, steady; good to choice vealers 24.00-29.00. Sheep 1,300; good to prime lambs 18.50-21.50; ewes 4.50-5.50. Miller Facing Last o Hope for Clemency CHICAGO (AP)—Lloyd E. Miller, 37, sentenced to death nearly seven years ago for murder of an 8-year-old Canton, 111,, girl, faced what may be his last hope of avoiding the electric chair today. With all legal resources apparently exhausted, tyliller appealed to Gov. Otto Kerner. through the State Parole and Pardon Board, for clemency. His execution date, postponed repeatedly while he appealed and sought other legal remedies, has been set for Aug. 23 at Stateville Penitentiary in Joliet. . Miller was convicted Sept. 29 1956, at Carthage, 111., of the rape-slaying Nov. 26, 1955, of Jan ice May in Canton. He was sen tenced to death Nov. 15, 1956, b> Circuit Judge William S. Bardens, who had presided at Miller's trial by a jury of six men anc six women. The trial had been shifted from Lewistown, the Fulton Countj seat, where the girl was slain, to the Hancock County seat aftei eight days of questioning jury prospects in Lewistown failed to qualify a panel. The killing had aroused Canton and the surrounding area. The girl's body was found beneath an up-ended mine car not far from her home. Miller svas a cab driver in Canton. The day after Janice's body was found, his cab was recov ered near Pekin, 30 miles from Canton, where it had been abandoned. He was arrested the next day in Danville. After he was seized, Miller signed a statement admitting the slaying. And during the trial, Miller's sweetheart testified that he had told her before he left if she told anyone. Miller's volunteer attorneys have since taken his case to the Illinois held Supreme Court, the conviction, which up- and four town lhat he killed the child, but that he had threatened to kill her times to the U.S. Supreme Court, which refused to review the ca on the strength of trial faults alleged in the petitions. After psychiatric observation in prison early this year, he was granted a trial on thp question of his mental status, but a jury in Carthage found him sane. His case has caused discussion. Judge Gardens recently criticaed the U.S. Supreme Court for not disposing of appeal issues raised by Miller's attorneys. The attorney now representing Miller is George N. Leighton, a Chicago Negro lawyer. News of Grains Corn Up Fractionally CHICAGO (AP) - The government's August crop report gave a little boost to the corn futures market today but imparted weakness to most other commodities on the Board of Trade. Corn moved up major fractions of a cent at times as speculators described the government's estimate of 1963 yield as well below expectations. Carlot receipts today were estimated at: wheat 45 cars, corn 228, oats 37, rye 2, barley 87, soybeans 67. CHICAGO (AP) — Wheat No 2 red 1.84; No 1 yellow hard 2.00%; No 1 hard (tough) 1.98. Corn No 2 yellow 1.33M-. Oats No 2 heavy white 67%. No soybean sales. Soybean oil 8.20 n. CHICAGO Wheat Sep Dec Mai- May Jul High Low Close Prev. close 1.80^ 1.79% 1.80 1.81 1.86% 1.8514 1.85% 1,86% 1.89% 1.88% 1.88% 1.89% 1.83% 1.82 1.82% 1.83% 1.54% 1.54 1.54% 1.54% 1964 Sep 1.56?£ 1.56 1.56% 1,56% Corn Sep Dec Mar May Jul Oats Sep Dec Mai- May Rye Sep Dec Mai- May 1.22% 1.21% 1.22% 1.21% 1.12% 1.11% 1.12 1.11%, 1.15% 1.14% 1.14% 1.14% 1.17% 1,17 1.17% 1.17 1.19% 1.19 1.19% 1.19 .63% .66% .62% .66 .67% .68 .63% .63% .66% .66% .68% ,68% .68% .68% 1.25% 1.25 1.25V4 1.26% 1.29% 1.28% 1.28% 1.29% 1.32% 1.31% 1.31% 1.32% 1.31% 1.30% 1.30% 1.31% Soybeans Aug 2.57% 2.55% 2.56 1 /, 2.58M. Sep 2.54% 2.53 2.53% 2,57 Nov 2.53% 2.51 2.52% 2.55% Jan 2.56% 2.55 2.55% 2.59 Mar 2.59% 2.57% 2.58 2.61% May 2.61% 2.59 2.60% 2.63% Jul 2.62% 2.60% 2.60 7 /« 2.64% Produce Prices At St. Louis ST. LOUIS (AP) — Eggs and live poultry: Eggs, consumer grades, A large 34-35, A medium 26-27, A small 16-18, B large 27-82, wholesale grades, standards 27-28, unclassified farm run 23%-25, checks 181. Hens, heavy 12-13, light over 5 Ibs 8-9, under 5 Ibs 7-8, commercial broilers and fryers 15%-16%. Penney Co. Enters Mail Order Field J. C. Penney Co., one of the nation's largest retail soft goods firms, is entering the mail-order Hold this fall \Vith the distribution of its first all-Pentiey catalog. • For the 61-year-old department store chain, distribution of the 1,* 252-page fall and winter catalog will mark completion of the first phase of its program to set up a nationwide catalog service which began last year with the acquisition of General Merchandise Co. of Milwaukee. Locally the company's East Gate Plaza Store will open their catalog department this Thursday. Next part of the program, which is expected to require several years, will involve establishment of a nationwide network of catalog distribution centers to serve every area of the country. The fall and winter catalog, to be distributed principally In the Midwest, will be services by the Company's newly expanded M 11- waukee distribution center, believed to employ the most advanced systems and equipment of any such center in the U.S. Approximately one-third of the new catalog pages are in full color. Featured are Penney's own brands of merchandise, ranging from more familiar soft goods, for which the Company has traditionally been known, to newer lines of hard goods such as tires, batteries and auto accessories, housewares, home furnishings, sporting goods and hardware. Announce Hemphill Realty Sales The Harry F. Hemphill Agency has announced last week's real estate sales made by their agency. For Arnhill Co., Inc., the brick home located at 402 Michigan Ave., South Roxana, was sold to Mr. and Mrs. Edwin A. Gage. The five room home located at 3605 Berkeley St., Alton, vvas sold for Mr. and Mrs. Ronald D. Roberts to Mr. and Mrs. Edwin F. Jewell. Mr. and Mrs. Vernon Johnson purchased the four room home located at 2117 Rockwell Ave., Alton. This home was previously owned by Mr. and Mrs. James E. Richards who have taken up residence in Perryville, Mo. For the estate of Nettie Marshall, the eight room brick home located at 930 E. Sixth St., Alton, was sold to Mr. and Mrs. Donald A. Waters. The five room home located at Wilson and George Sts., Lincoln Addition, Wood River, was sold for Mr. and Mrs. Berl E. Tarrant to Mr. and Mrs. Johnnie Lee Wilson. For Mr. and Mrs. Joseph R. Taul, their five room home located at 3530 Omega St., Alton, was sold to Mr. and Mrs. Hugh R. Murray. Prices on 16 Mutual Funds Following is a list of 16 mutual investment fund stock quotations provided to the Telegraph by Newhard, Cook Co. through its Alton office. These stocks are selected on the basis of their sales and ownership in the area. The quotations are yesterday's closing. Issue. Bid. Affil. Fund 8.18 Broad St 14.31 Bullock 13.44 Capit. Shrs 11.28 Divid Shrs 3.44 OUTSTANDING STUDENT Bill Davis, left, of Better Homes and Gardens magazine, presents an award to L. A. Giinmy of C. J. Jacoby & Co., who was the outstanding student in a class in home furnishings and decorating sponsored by the magazine and the National Retail Furniture Assn. Is To Promote Metro East The Ens); St. Louis Chamber of Commerce has appointed •tohti M. Simmons Associates as public relations counsel tot tla- tlomvlcle promotion of the Metro East concept. The concept, of Metro East fa being used as the symbol fpfr An entire area oriented toward industry. The announcement of the appointment was made by Rob- eft. E. Hackman of Union Electric, president of the Chamber, nnd J, H. Reed, manager. John M. Keeling of Simmons Associates, made a presentation to the group defining the Metro East; Image and showing how It will be used to bring more Industry to the area. BE YOUR OWN BOSS INVESTIGATE DIVERSIFIED RHANCHISE OPPORTUNITIES AN ETHICAL APPROACH TO FINANCIAL, SUCCESS. • FREE BULLETIN • E. P. HAMEL Arcii Director 103 Dowoy Drive Colllnsvlllo, III. 340-0032 Fid. Cap 8.91 Fid. Fund 16.37 Fid. Tr 14.80 Fund Inv 9.96 Keystone K-2 .... 5.24 Keystone S-4 .... 4.20 Mass. Tr 15.04 Mass. Grth 8.29 Nation W. Sec. .. 22.71 Nat. Inves 15.43 Tevev. El 7.43 Asked. 8.85 15.47 14.73 12.36 3.77 9.68 17.70 16,09 10.92 5.73 4.59 16.44 9.06 24.56 16.58 8.10 Findley Named Vice President Of Godfrey Bank Richard A. Findley has been elected to the position of executive vice-president of the Godfrey State Bank, according to announcement by Joseph J. Springman Sr., president. Findley joined the staff of the bank as assistant cashier in April of this year and was named cashier in June, when Henry C. Jones accepted the posi- f^v*^^ tion of executive <a» V vice- president ^^ B and cashier with ' ML • the Farmers and Merchants Bank in Hutsonvillc.-.IH. Findley lives at No. 2 Lynwood Court, Godfrey, with his wife and three children. He is a graduate of Alton High School and attended Southern Illinois University, Western Illinois University, the American Institute of Banking at SIU, Alton, and Management School of the American Institute of Laundry. Before joining the bank staff he was commercial and retail sales manager for Alton Laundry Co. VANCOUVER—British Columbia now boast 23,500 miles of highways and 9 million acres of public parks and recreation area. BRISBANE — Australia fs increasing her imports of material to supply her home Industries. If you can repay $4O.OO monthly... you can get $764.65 the minute you want it Or,, if you want cash in another amount . . . more or less . . . why not phone and tell us how much! If you prefer, stop in. We'll be glad to help. •On 24 month repayment plan. Charges are 3% on unpaid monthly balance up to $150, 2% per month on balances over $150 to $300, and 1% per month on balances over ?300 to $800. Beneficial Finance Co. of Chicago, Inc. 200 STATE ST. Phone: HO 2-9281 Alton, Illinois BENEFICIAL FINANCE SYSTEM 40 convenient affiliated offices. See white pages of your phone book. THIS HOUSE PAINT 0f?/£S IN 30 MINUTES! Eliminates bugs and dust from surface. Pries to smooth, velvety-flat finish. Easiest of all house joints to use, No priming over sound repaint surfaces, While and A ••• f* M Standard ^"WlfSI Col ° rs If Qal, COOK'S PAINTS 9 W. BROADWAY HO 5.5812 O N OTO.'.N HEARING AID CENTER If you can hear but don't understand, Sonotone would like to help you. Whether you wear a hearing aid or not, let us give you a free audiometric hearing analysis in the privacy of our office or your home. LEARN ABOUT OUR NEW HEARING AIDS f latest All-in-Ear f Smart Eyeglass Models • Midget Behind-Ear Models • p-Trwnslstor Models for Difficult losses f Easy Listening with AVC Our new models ore the smallest, lightest, most convenient hearing aids possible through Sonotone research, Let us help you enjoy good hearing ogain, Budget prices, too, C&^felAI'ftMEr® THE TRUSTED NAME IN *»V*PiiyJ 1 WPIK* . BETUR HEARING FOR 33 YEARS *" ACT AI TAKI Phono UP HI* I UN HO s T 8 7? o LEANDER OWN YOUR SHARE OF AMERICAN BUSINESS Concerned about rising family. : expenses? Consider owning good Common Stocks or.Bonds. I Serving Alton Investors lor Over 31 Years NEWHARD, COOK 6? Go*, MEMBER* NEW YORK STOCK KXCHANOI SOI Flrit National Bank Btd».—Altom Phonti HO. S-SSn EUGENE B. SHULTZ JOHN E. GREENWOOD Resident Manager Registered Representative Our O//ice Is Open Saturday Mornings INVEST? and maybe C/1 lose my shirt NOT WE THIS BLUE CHIP! Money invested at Piasa is not only Insured, it earns many benefits: • 4,6% current annual dividend • Dividends compounded quarterly • Money in by the aotrj earns from the lit • Dividends paid consecutively for.ovw 75 years These are some solid, blue-chip reasons why your money earns more money-morf •often at Piasa. Why settle for less? Save by mail-Piasa pays the postage. $nou/(fn-t you be enjoying those advantages, too? Piasa First Federal, st «te & Wall Sfe,, Alton, IK* For tlw and tempoqtm, cW 4§S<4491, PIASA FIRSf FfSlRAL SAVINGS AND UOM ASSOCIATION

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