The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin on July 26, 1959 · Page 36
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The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin · Page 36

Racine, Wisconsin
Issue Date:
Sunday, July 26, 1959
Page 36
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Page 36 article text (OCR)

Cmmetce . . . jfH4uMi 'H . . . tHatkct ^eifimA Jttir 26, 1959 See. S, Pare CLAUSEN WORKS FACE LIFTING—Contractors this week are preparing to enclose 50,000 square feet of courtyard space at the J. I. Case Co, Clausen Works. When completed, the area, pictured at left, will be used for finished goods storage. Company officials said 10 Rncine contractors are involved in the first modernization of the plant In 30 years. The work began In April and is expected to be completed late In 1960. Twenty-five presses, used by the farm implement manufacturer to produce fenders, grills and gas tanks, are to be relocated. The presses, the largest of which weighs 55 tons, will be moved from the 22d and Clark street buildings. Press foundations, center, require 400 cubic yards of cement. The foundation wells, 10 feet deep, are filled with a network of 12 by 12 Inch timbers to absorb the press shock of up to 400 tons capacity. Clausen Works officers said more than 2,000 machine tools will be moved to new locations during the plant modernization program. At right Is a portion of the new office area planned for 400 Clausen Works office employes. The 57,000 square foot area is on the 2d floor of the four story main production building. In addition —JournH-Tlmei Photot to the improvements pictured, the company has completed a new 10,000 foot pattern shop and will expand its machine shop facilities by an additional 60,000 square feet next year. In announcing the new capital improvements to employes last spring, company officials said the primary reason for the improvements is to streamline operations and improve the firm's competitive position. Poultry Industry Fights Slump WASHINGTON—</P) — The Agriculture Department .says the poultry and egg Industry is working its way out of its worst price slump in many years. But a department spokesman said the industry isn't out of the woods yet and there Is no assurance that producers won't be in the same situation next spring that they were in this spring when egg prices were the lowest since 1941. Production Cut The department for months has been buying dried eggs and lately, frozen eggs to aid in reducing the supply. But, In the face of demands for drastic new programs, the department declined to buy fresh fowl and take other far reaching steps. The end result is that egg and broiler production has been cut back and prjces for both in the retail markets are moving up again. Broilers wore offered in some stores at 29 cents a pound this spring. But in general, housewives today are paying 45 to 50 cents a pound for them. Better Outlook The department spokesman said the situation has been rough on the farmers involved during the last few months. "But." he said, "we seem to be headed toward a more wholesome situation." He summed it up this way: "Egg producers definitely are working their way out of It, but broilers are slower in coming out of it. However, production is headed in the right direction. The outlook is far better than it was this spring, but it is far from cured." Stocks Weather Strike Doldrums TOO BRIGHT TO LOOK AT—Leander G. Bervcn (far right), teacher at Washington Park High, shades his eyes from the world's largest (75,000-wa(ts) incandescent lamp during a visit to the famed General Electric Lighting Institute at Nela Park in Cleveland. Bervcn is with three other participants in the intensive six-week General Electric .Science Fellowship program there. After 32 years as a .science tcnchcr. Including 29 at Washington Park, Berven is going back to scliool himself this summer. Berven. who lives at 1435 Arthur Ave. with his wife. Louise, holds a bachelor's degree from the University of Wisconsin. He is a veteran of World War I. Massey Buys British Plants Doesn't Trust Banks, Loses $35,000 in Wallet CHICAGO— <iW— A 78-year- old city employe told police he lost a wallet' containing $35,000, his eritire life savings, three days ago. Leroy Hunter, a sidewalk inspector, said he lost the money while working on the south side and searched for it for three days to no avail. Hunter said he always car rled his savings, accumulated since 1032, because he doesn't trust banks, Customs Collections Register an Increase MILWAUKEE — UP) — Customs collections for Wiscon- tin'i five tubports increased 2 per cent. to. $^30 ,489, during the fiscal year ending June 30, U.S. Collector Bernbard Gettleman •aid today, m announced earlier tha^ ..i *M- ot Milwaukee customs |re |e^^ lumped 25 per cent dunn^tnf ^ahie period, to $4 ,331, IfKl^i subports in elude GieeiMBiif, Kenosha-Racine, Manitowoc, Marinette and SheboyKan. SOmn BENDi Ind. — A profitable second quarter^ built upon sales of its convenience- sized Lark, resulted in net earnings of Studebaker-Packard Corp. of $12,073,281 in the first six months of 1959, President Harold E. Churchill announced thi^t Miff anuMintid to |2Q9,- NEW YORK — Massey-Ferguson, Ltd., Canadian tractor manufacturer, will acquire all tractor manufacturing assets of Standard Motors Company, Ltd., In England and France for a net expenditure of approxl mately $32 million under agreements announced by Standard in London. Standard has an annual production capacity of 125.000 tractor units. Massey - Ferguson, which holds 7,757,938, or about one- fourth of Standard's common shares, will dispose of them for $8,300,000, equal to the cost of Massey's original Investment, less resale expense. To Take Title Aug. 31 If Standard .shareholders ap prove the agreement, on which they will act Aug. 28, owner ship will pass to Massey,Fer guson on Aug. 31. Massey-Fcrguson has up to now purchased most of the components of its tractor line which accounted for 46 per cent of the company's $440, 108.4.')5 sales in 1958. Big Increase in Age Groups That Like to Rent Will Spur Apartment Building Boom in 60's NEW YORK— (iD— A flock of healthy corporate earnings reports snapped the stock market out of Its steel strike doldrums this week. The rosy first-half profit picture of most companies appar ently tempered investor anx- cty about the economic back- ash of a lengthy steel Industry shutdown. The market had retreated last week with the onset of the steel strike. Trading moved at a cautious pace, though volume quickened when prices pushed higher and dwindled durinfe the declines. The market began the week by lengthening the losses absorbed during the previous week. Over-all. the Associated Press average of 60 stocks stepped up $1.40 to $231.80. The Dow Jones Industrial index, which hit a new closing peak of 664.63 after the midweek recovery, added 6.59 on the week at 663.72. Transactions totaled 14,785,280 shares, down from 15,557,890 last week. Steel stocks weathered the week by posting some smart gains. The week's five most actively traded Issues on the New York Stock Exchange were: Hupp Corp., up 3^ at 7'^ on 288,000 shares: American motors, up Ys at 47on 254,600 shares; Burlington Industries, up lyg at 24% on 193.000 shares; Studebaker-Packard, up 3/8 at 12V4 on 179,200 shares; and Colorado Fuel & Iron, up 2'/i at 30% on 139,000 shares. NEW YORK — The next decade will see an upsurge in rental construction that will rival the apartment - house boom of the 1920's, Fortune magazine said today. The main reason for the swing to apartments in the I960's will be a significant increase in the two age groups which prefer renting—twenty to twenty-four and over-sixty- five. These renters, according to Fortune, are bachelors (male and female), young couples whose children haven't arrived yet, older couples whose chil- Brandt Jewelers Buys Store Site Brandt Jewelers, 534 Main St., has purchased the site formerly occupied by the Garden Spot, 512 Main St. Joseph Scull, manager, said Brandt will move into the new location by the end of September. Scull said the 512 Main St. location offers 6,000 square feet of selling area plus a ful basement for storage purposes He added the business will expand its line of merchandise to Include jewelry, sports equip ment and small household ap pliances. dren have left home, and widows and widowers. By 1970 there will be six million more people between the ages of 20 and 24 than there are today (a larger increase than occurred in all of the past 80 years). According to the 1950 Housing Census, 85 per cent of the households in this age group are renters rather than home owners. Renting will also receive a boost because of the lengthening of life expectancy. The over 65 population will be expanding by nearly four-million, and the growth in social-security, pension-fund and life-insurance benefits will enable a rapidly increasing proportion to live alone rather than with relatives. Consequently, over the next 10 years the number of single - person households over 65 years of age will increase by about 2,300,000. Finally, the expansion of the 25 to 29-year-old age group, which also has a strong preference for renting, will add to the demand for apartments. This group actually showed a decline during the 1950's. SLEEPING PILL BILL NEW YORK — The nation's 88 million insomnia sufferers I are expected to spend more than $250 million on barbiturates and other sleep inducers during 1959, "Sweda" CASH REGISTERS Solai ond Strvic* BAKER'S 801 MAIN at. OUTLAY FOR HOMES CHICAGO — Expenditures on new homes in the first four months of 1959 totaled $4.8 billion, roughly 35 per cent above the expenditures of $3 '/2 billion in the like period of 1958. Butler buildings COSTLESS TO MAINTAIN Fir*t cost li practliially your lait. Butler buildings seldom need painting, tuck pointing, or te-roofing. Metal cover panels are die-formed for their specific function on the building. No field flashing. No rust-out. Doors and windows factory located, Ask to see our sound-slide films: Coll or write today. ANDERSON BUII^DINO SYS-rEMS, Inc. S1I9 W. Mill Rd. FLaCftone Srft«56 llllwaiike«« Wis. c=» WHY ARE 50,000 VOLKSWAGEN TRUCKS IN USE IN THE U.S. A.? (Because Volkswagen gives you more truck for your buck!) 1 2 3 ® AUTHORIZtD OEAIEI More miles per gallon: this H ton panel truck delivers double the mpg of a standard ton under similar operating conditions. More payload, mora cargo spaeet carries 1830 lbs. in 170 cubic It. Price? $1,940 Standard H ton holds 1000 lbs. In 146 cubic feet. l^loeT f 2,100 and up. More eaae In loading: loads through roomy rear door and wide, double side doors. Forward cargo can bo readily reached. When unloading, cargo can't be blocked by traflio. 4 5 + Mor« naneuverable: only 169" in length, 2H feet shorter than standard i4 ton. Turns sharper, handle* easily in tight traffic, parks where a }^ ton ean't fit. More tire mileage: individual wheel suspension malies a surer riae with load quartered over the wheels. Recult: double the tire life of standard yi tons. Better aervioet VW service Is as elose as your phone book: Technicians are factory-trained, the b«$tl Parts are in stock. Service is fast. Costs are low. HENDRICKS MOTORS, INC. 3456 Douglot Avtnus • Phon«: MEIroit 7-6117 Is. ML BEHIND EVERY SAVINGS ACCOUNT HERE... INSURED SAFETY SAVE WHERE YOU CAN BE SURE! Every account here is insured to $10,000 by the Federal Savings and Loan Insurance Corporation, an Instrument of the government. In addition, your savings are backed by sound reserves in the Federol Home Loan Bank ... and by our own large resources and reserves. Open your insured savings account with us very soon. FREE GIFT for Thrift Offer Expires Friday, July 31 Opsn on occount of $100 or odd $100 to your presant account and gat your FREE GIFT NOW —> UNION Sovingi & Loan Associolion NOW ON COLLEGE AVE. ot 5th ST.

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