Alton Evening Telegraph from Alton, Illinois on August 22, 1972 · Page 14
Get access to this page with a Free Trial
Click to view larger version

Alton Evening Telegraph from Alton, Illinois · Page 14

Alton, Illinois
Issue Date:
Tuesday, August 22, 1972
Page 14
Start Free Trial

Page 14 article text (OCR)

B-4 Alton Evening Telegraph Tuesday, August 22,1372 Heavy oil buying Tor %> Inc i , . awarded boosts stock prices franchise NEW YORK (AH-Heavy .35 to (U.83, while the -, . , NEW YORK (AH-Heavy buying activity In oils pushed the stock market higher today In moderately active trading. The noon Dow .loncs average of 30 industrial stocks was up 5.72 to 972.91. Advances ran ahead of declines by about 3 to 2 amonq Issues traded on the New York Stock Exchange. Interest In cyclical slocks such as oils had been growing in recent fissions. Adding to that interns) today was a financial publication's report that shrinking supplies of gasoline and heating supplies were likely to push prices up as fast as the government permits. Trading at the lop of tlip Big Board list were Texaco, up U/6 and Gulf Oil, up 4 to 25~{ s . Other active oil issues included—Phillips Petroleum, up % to 3514; Jersey Standard, ahead 1% at 81%; Atlantic Richfield, up 2% to 63 and Mobil, up 1% at 68y 4 . At noon the New York Stock Exchange index of more than 1,400 common stocks was up 18 selected stocks Following are today's noon quotations of New York Stock Exchange issues research has indicated are widely held in the Alton area as supplied to the Alton Telegraph by Newhard Cook & Co., from its Alton branch office. The New York Exchange closes daily at 2:30 p.m. (Alton Time), so these are not the closing quotations: Airco, Inc 19i£ VT & T 44% Clark Oil 2fl General Motors 78 Grant (W.T.) Co 38^ Kresge (S.S.) Co 41% McDonnell Douglas — 34% Mobil Oil 68% National Steel 4014 Olin Corp Owens-Illinois Penney (J.C.) Co 80y 2 Sears 106% Shell Oil Co 50% Squibb Beechnut 103y 2 Standard Oil (Ind.) .... Standard Oil (N.J.) .... 81 U.S. Steed 30% .35 to fll.83. while the American Stock Exchange price-change index was unchanged at 2(5.93. Wheat prices fluctuate By ED DE MOCH CHICAGO (AP) -The expiring August option in soybeans came under heavy liquidation on the Chicago Board of Trade today. The decline totaled 2 cents and some recovery followed. Soybean oil eased 10 points but nieal futures advanced nearly 50 cents a ton. Wheat, corn and oats prices were irregular. Iced broilers were up nearly 20 points in mixed trade. The selling in the August soybean option had been expected and buyers were rather hesistant. Because of the weakness in the August, other options tended to fall back. Soybean oil and meal trade was light, although there was considerable August liquidation in both. Reports from the various states in the Midwest in the usual weekly crop bulletins indicate that the com and soybean crops are at about expected levels of progress. Cash gram FIRST FEDERAL SAVING! QUARTERLY EARNINGS PAID ON ALL SAVINGS SAVINGS CERTIFICATES / 2 YR. SAVINGS /O CERTIFICATES 'Minimum 5 3 /4°/< I 1 Year 0 Certificates Minimum M.IIUO) REGULAR PASSBOOK SAVINGS t ( omnouiHti'il Accounts liisim-d to $20,000 SAVEBYTHE10TH EARN FROM THE 1ST Phone 259-7611 00 IV. .Main St., E. Alton, III. CHICAGO (AP) - Wheat No 2 soft red IWAn, No 2 hard red 1.74i4n; corn No 2 yellow 1.28%n; oats No 2 extra heavy white .SOajn; soybean No 1 yellow 3.56i4n. Soybean oil 9.80n. No 2 yellow corn Monday was quoted at 1.28. Livestock prices at East St. Louis NATIONAL SOTCKYARDS , 111. (AP) - Estimated receipts for Wednesday: 4,500 hogs, 5(TO cattle and 200 sheep. Hog receipts 5,000 head. Trading rather slow. Butchers 25-50 lower, weights over 250 Ibs scarce. US 1-2 210-240 Ibs 30.25; US 1-3 200-240 Ibs 20.7530.00. Sows: steady to 25 lower; US 1-3 300-350 Ibs 26.50- 27AM); 350-400 Ibs 26.00-26.50; 400-600 Ibs 25.25-25.75, largely 25.50-25.75. Boars: 23.00; weights under 350 Ibs 23.5025.00. Today, Inc. of Godfrey has been awarded a National Homes franchise for the Alton-Godfrey area, it has been announced by Jack Wright, district sales representative of National Homes Corporation. With franchises in the Jerseyvllle vicinity and Wood Hiver-Bethalto area, Today, Inc. is a newly formed corporation with three principal owners. Paul E. Pope, formerly a National Homes dealer in Decatur, is president and head of construction; Yerry L. Madison is general office manager and vice president; and Leroy Moore is sales manager and secretary. With a display home being maintained in Jcrseyville at the present time, plans are being made for opening one in the Godfrey area^ With the new franchise, Today, Inc. will be eligible to build National Homes in the entire metropolitan area. Police book driver after collision An Alton motorist collided with one parked car and knocked it into a second parked car in the 200 block of State Street Monday evening. Mack Irving Jennings, 25, of 1327 Monroe St., was driving south on State Street when he lost control of his car and collided with the rear of a southbound parked car at 2016 State Street. The parked car is owned by Roy Everett Delp, 69, of 1107 Hill Hoad. The impact of the collision knocked Delp's car into the parked car of Philip D. Mackelden, of Wilsonville. Mackelden's car was parked behind Delp's vehicle. Jennings was ticketed by police for failure to remain in proper traffic boundaries. Eggs and poultry at St. Louis ST. LOUIS (AP) - Eggs, consumr grades: A large 3140, A medium 21-30, A small 11-20, B large 21-31; wholesale grades: large 22-25, standard 17-20, medium 12-15, unclassified 8-10. Hens: heavy (6 Ibs and over) 9, medium (5-6 Ibs) 6, leghorns 2. Ready-to-cook broilers and fryers 29.00-29.75, == Wardein-Lauschke, Realtors . . . offer fheir experience In Appraising: and Selling . . . Hcsiclentlal, Commercial and Industrial Properties Let us find the HOME you are sucking and arrange your FINANCING . . . 307 Henry Street—Ph. 465-2966 Alton afi'jgraf^^ TMi announcement u Milker in offer to sell, nor i ullcltulm of in offer to buy these securities. The offer Is midi only by the Prospectus. NEW ISSUE: ASSOCIATES FIRST CAPITAL INVESTMENT NOTES lock in up to on your money For as litlle as $100, earn from 6% to 9Vi % annual interest /n your choke of fhe following maturities. MATURITIES INTEREST PAID QUARTERLY INTEREST PAID AT MATURITY 1 YEAR 6% 6% 5 YEARS 7% 8% 10 YEARS 8% 9% 1 5 YEARS 9'/4% 20 YEARS It is possible for investors to lock in yields of up to 9 '/ 2 % through ownership of senior ranking corporate promissory notes issued by Associates First Capital Corporation. Associates is primarily engaged in consumer and commercial lending and financing, and insurance underwriting, through subsidiaries which have over 1,000 offices throughout the United States and Canada. For information and a free Prospectus, call Area Code 800-348-7701 toll-free during normal business hours. Or contact your nearest Associates Financial Services office (a subsidiary of the issuer). Or mail this coupon. Associates First Capital Corporation South Bend Office, Dept. C 1700 Mishawaka Avenue South Bend, Indiana 46624 PJeaie lend me complete information about Investment Notes including the Protpectuk ond moil application. NAME ___^ ADDRESS. Associate's first Capital Corporation CITY. -STATE. _ZIP /•. . oL-.t to 'ct '•<-' '- '•' Aiab*in* Aiuoiie Cuit'.oini*. Colorado. Florida, Georgia. Hllnolfc, Indiana, low*. Ken»as, Kentucky, Louisiana, Michigan, lAinnmoU, Nfcpiafcka, Ohio, Oklahoma, Pennsylvania, T«nnafrfc«a, TbAaa, Wibconiin gj Obituaries Caumpt Delegate greets Julie Sen. Bill Brock, R-I1L, greets Mrs. Julie Nixon Eisenhower, daughter of the President, while attending an outdoor party in Miami Beach, Fla. Sunday evening. All are in town for the Republican National Convention which began today. (AP Wirephoto) Owens-Illinois announces promotion of 2 executives McGovem Lillie Gaumpt of Roodhouse, 83, died Monday at Alton Memorial Hospital. She had been ill for the past year. She was 'born March 1, 1889 in Roodhouse and married LeRoy Gaumpt Sept. 5, 1913 in Roodhouse. Surviving are two daughters, Mrs. Fred Hawkins of West Alton, Mo. and Jewell Gaumpt of Dow; and one grandchild. She was a member of First Baptist Church in Roodhouse. Visitation will be Wednesday from 3 p.m. to 9 p.m. at Mackey-Daws Funeral Home in Roodhouse. Funeral services will be Thursday at 2 p.m. at the funeral home with the Rev. Neil Schultz presiding. Burial will be in Fernwood Cemetery in Roodhouse. Hausback William V. Hausback of Sawyerville died at 6:30 p.m. Monday at Staunton Hospital.. He is survived by- his widow, Ina, of Sawyerville; two daughters, Katherine Hart of Sawyerville and Shirley Berkley of Pawnee; six brothers, Alex and Joe of The appointment of Joseph H. Lemieux, manager of Owens-Illinois, Inc.'s Alton glass container plant, to the newly-created position of Mideastern Area manufacturing manager for the Glass Container Division was announced today. William P. Trowbridge, now manager of the company's glass container plant at Waco, Tex., will succeed Lemieux as manager at Alton, it was announced at the same time. Lemieux also was named a vice president of the Glass Container Division. He will be responsible for glass container plants in .Charlotte, Mich.; Fairmont and Huntington, W. Va.; and Gas City, Ind. Lemieux came here as plant manager from Waco in 1970. A native of Providence, R.I., Lemieux was graduated summa cum laude from Bryant College there in 1957, and joined Owens-Illinois immediately after receiving his bachelor of science degree in business administration. He transferred to the general offices in Toledo in 1958, after a year as an administrative trainee in the Bridgeton, N.J., glass container plant. He was promoted to accounting supervisor at Bridgeton in 1960, and was plant comptroller there when named administrative manager of the Clarion, Pa., plant in 1963. He also served as production supervisor of the plant's selecting and corrugated departments until he was named Central Region comptroller of the Glass Container Division in 1964. Lemieux became manager of the Gas City, Ind., plant in October of 1965 and went to Waco as plant manager there late in 1966. He came to Alton as manager in 1970. Trowbridge, who has managed Owens-Illinois' glass container plant at Waco since early in 1970, is a native of San Francisco who joined 0-1 in 1946, after his discharge as an officer in the U.S. Navy. He entered the Navy after receiving a bachelor of science degree in Civil engineering from the University of California in 1945. He became supervising industrial engineer of the company's Oakland, Calif., plant in 1949, decorating department supervisor in JOSEPH LEMIEUX 1954, and quality and > specifications supervisor two years later. He was named finished products supervisor of 0-I's new Portland, Ore., plant in 1956, and returned to Oakland as finished W. P. TROWBRIDGE products supervisor there in 1961. Trowbridge became manager of the Portland plant in 1963, and held that post until he moved to Waco in 1970. Hay prices expected to be higher this winter By DON KENDALL WASHINGTON (AP ) Agriculture Department economists say privately that hay. prices could soar next winter because of this year's smaller crop and storm- caused losses in the Northeastern states. Hay production nationally is expected to be down 2 per cent from last year's record output of 131 million tons. Further, the situation in Pennsylvania, New York and some of the other Northeastern states is developing int., a crisis for many producers, according to a report today by a major farm equipment manufacturer. The New Holland Division of Sperry Rand Corp. says tropical storm Agnes last June was a "knock-out punch" for many farmers in Uie Northeast. New Holland, which makes haying equipment, says it has undertaken a nationwide survey of hay supplies in cooperation with the National Hay Association and the American Forage and Grassland Council. "We aren't involved in the Savings grow faster in . . . YOUR CREDIT UK sale of hay, but we know there is a serious emergency and someone must get an over-all picture of it so we can help farmers make it through the winter," the company said. One USDA economist—while not making a predictions-said if the hay situation is serious, it could mean a heavy drain on supplies to meet winter needs in the Northeast which could push hay prices upward .ext winter. Hay prices can vary tremendously from one region to another, and costs of shipping are large in proportion to its weight and price. Last May the Agriculture Department reported baled hay of all types averaged $31.10 per ton nationally, a record high. Prices have dropped seasonally since May with the new crop coming into the market, but probably will rise later on. WASHINGTON (AP) — The nation's hens laid 5.9 billion eggs in July, down 1 per cent from a year earlier, but the decline was not due to laziness, the Agriculture Department says. The department says farmers had an average of 304.2 million hens in their flocks in July, 3 per cent fewer than during the month last year. By Aug. 1 ,the department said, the hens were shelling out at the rate of 62.3 eggs per 100 birds each day. That was up from 60.9 a year earlier. WASHINGTON (AP) - The Agriculture Department says the apple harvest is large again this year and should reach a peak in time for National Apple Week, Oct. 26 to Nov. 4. To help producers market them, the department has put apples at the top of its "plentiful foods" list for October. Foods on the list are judged to be in need of marketing aid through promotions by stores and the food industry. Benld, Austin of Detroit, Mich., Frank and Stanley of Kansas City, Mo., Pete of Long Beach, Calif.; and four grandchildren. Funeral services will be Thursday at 9:30 a.m. at St. Joseph's Catholic Church in Benld, with the Rev. Ralph Guido presiding. Burial will be in Holy Cross Cemetery in Gillespie. Friends may call at Union Funeral Home in Benld after 5 p.m. Wednesday. The Rosary will be recited 8 p.m. Wednesday. Pegue supporters to organize The Presidential campaign of Sen. George S. McGovern will get under way in Alton, at 7:30 Wednesday night. A public organizational meeting will be held at the Steelworkers Hall, 2821 E. Broadway. Campaign strategy and the structure of local organization will be the topics of discussion. The McGovern camp plans to run a two-part campaign. The first part of their efforts will involve a voter registration drive and the second half will deal with the pre-election canvass. McGovern's Alton headquarters will be located at 1646 Washington Ave. The announcement of the open'ng date is expected to be made Wednesday. Wood River band will feature Mike Kusmanoff Michael Kusmanoff of Wood River will be guest vocalist and Roy Schmitt will be guest conductor at the 8 p.m. Wednesday concert of the Wood River Municipal Band in Central Park, Wood River. Michael will sing "Almost Like Being In Love" and "Come To Me" and among the selections by the band are "Themes From Symphony No. 6" by Tschaikowsky "Trilogy" by Osterling; "Boca Toccata" by La Gassey and such popular and, well known tunes as "Cruising Down The River", "Feist Pop Medley," selections from "Camelot" and "Do I Hear A Waltz". The concert under the stars is open to the public free of charge. Girl booked after crash Cars driven by Vicki K. Pohlman, 16, of 1828 Park Ave., and Edwards K. Kunz, 24, of 4330 Brucene St., both of Alton, collided at College and Worden Streets Monday night. The Pohlman car was traveling east on College and when the girl turned south onto Worden her car slid sideways and she collided with the northbound Kunz car. Miss Pohlman was charged by police with crossing the centerline on Worden. Convention salutes MIAMI BEACH, Fla. (AP) — This week's Republican National Convention is marked by a televised garland of tributes and salutes. Subjects range from "Working Youth" to All Landon, at 84 a GOP senior citizen and the unsuccessful 1936 presidential candidate. On Monday, delegates heard tributes to the late President Dwight D. Eisenhower, Mi's- Richard M. Nixon and Landon. George Fred Pegue died at 10:30 p.m. Monday at St. Joseph's Hospital in Alton. He lived at 502 South Pearl St., Jerseyville. He was 92. He was a retired farmer in Jersey County, where he was born Sept. 14,1879. In 1901, at Westwood, 111., he married Miss Mary Ellen Levene, who died in 1957. He is survived by two daughters, Mrs. Nellie Carroll of Jerseyville and Mrs. Dorothy Allen of Jerseyville; 10 grandchildren and 13 great grandchildren. Funeral services will be held Thursday at 9:30 a.m. at Holy Ghost Catholic Church in Jerseyville. The Rev. Robert Heintz will preside. Burial will be in St. Francis Xavier Cemetery in Jerseyville. Friends may call at Jacoby Brothers Funeral Home after 3 p.m. Wednesday. The rosary will be said at 8 p.m. Wednesday. Baker John Virgel Baker, 55, a former Wood River resident, died Saturday in Tacoma, Wash. He had been in the U.S. Navy since 1938. He was born in 1917 in Mt. Palaska, married the former Miss Verna Lakey in Tacoma in 1942. He is survived by his wife and two sons, John and Jim, both at home; one daughter, Gilenda of Tacoma; his mother, Mabel Haynes of Wood River; a brother, Melvin Baker of Wood River; a sister, Mrs. Lee Badman of Roxana; and three grandchildren. He was buried at sea Monday. Boyle Ruth L. Boyle, 74, of 1 Walter St., Godfrey, died at 8:45 p.m. Monday at St. Anthony's Hospital. She was born Nov. 7, 1897 in St. Louis and was member of St. Ambrose Catholic Church. She is survived by two grandchildren; four great grandchildren; and one sister, Mrs. Christine Bender of St. Louis. Friends may call at Gent Funeral Home after 11 a.m. Wednesday. The Rosary will be recited at 7:30 p.m. Wednesday. Funeral services will be held at 11 a.m. Thursday at St. Ambrose Church. Burial will be in Valhalla Memorial Park. Walsh Robert L. Walsh of Granite City, formerly of Alton, died at 3 a.m. Monday at St. Elizabeth's Hospital in Granite City following a heart attack. He was employed as an analyst for the U. S. Army In St. Louis. He served in the Army in World War II. He is survived by his wife, Annette; two daughters, Susan L. and Elizabeth Ann, two sons, Robert Jr. and John J.; two sisters, Mrs. Wesley (Elizabeth) Martin of Alton and Mrs. William (Kathryii)" Walters of Godfrey; and one brother, John R. Walsh of Jerseyville. Visitation will be at the Sedlack Funeral Home in Madison from 3 p.m. to 9 p.m. today. A funeral Mass will be celebrated at St. Margaret Mary's Church In Granite City at 9 a.m. Wednesday. Burial will be in Jefferson Barracks National Cemetery in St. Louis, Mo. Ilch David E. Hen, 64, of 818 Pardee in Godfrey, died suddenly at his home at 5:40 a.m. today. He was decorating diief mechanic at Owens Illinois for 42 years. He was born Aug. 26, 1907 in Alton and was married Dec. 6, 1930 to Florence Swain in Farmington, Mo. He was a member of the Elks Club. Besides his wife, he is survived by two sons, David of Godfrey and William at home; one daughter, Miss Addle Ilch of Richmond Heights, Mo.; three grandchildren; two brothers, Merreditii Ilch of Boise, Iowa, and Kenneth Ilch of Salem, Ore. Friends may call at Gent Funeral Home after 7 p.m. Wednesday. The Rosary will be recited at 8 p.m. Wednesday. Funeral Services will be held in Gent Chapel at 9:30 a.m. Thursday. Burial will be in Upper Alton Cemetery. Clark G1LLESPIE - Charles "Dutch" Clark, 58, of 117 West Maple, Gillespie, died at 12:50 p.m., Aug. 20 at St. Francis Hospital in Litchfield. Surviving are two sons, Richard of Gillespie and Lawrence of Silver Springs, Md.; one daughter, Patricia Clark of Gillespie; four sisters, Florence Morgan of Gillespie, June Clark of Standard City, HI., Violet Feldman of West Alton Mo., and Mildred Jackson of Car- .'inville; and 12 grandchildren. Services will be held at 2 p.m. Wednesday at the Union Funeral Home in Gillespie wth the Rev. Paul Heinen presiding. Burial will be in Holy Cross Cemetery in Gillespie. Visitation will be after 5 p.m. Tuesday. Correction In the Aug. 21 obituary of Orvis C. Howard, the names Daisy Burton and Jean Russell were misspelled. The Telegraph regrets the error. STREEPER Funeral Home 1620 WASHINGTON WOOD RIVER ORVIS C. HOWARD Visitation today. Services 1 p.m. Wednesday at the funeral home. Alton, Wood River, BeUuUto Services 2 p.m. Wednesday, Gent Chapel Rev. W. C. Ward and Rev. Lolard Simmons officiating Burial Upper Alton Cemetery. In state at the chapel after 4 p.m. Tuesday. DAVID ILCH Arrangements Pending RUTH L. BOYLE Arrangements Pending

Get full access with a Free Trial

Start Free Trial

What members have found on this page