JACOBSEN SALESMEN MEET— Jacobsen Manufacturing Co.'s annual sales meeting staff lined up at Petrifying Springs park with the new 1960 line of power mowers as a backdrop. More than 30 district sales managers from throughout the United States plus key administrative personnel comprised this group of 60 men attending this first of four 1960 sales meetings. The second meeting will be held July 27-28 with approximately 100 Jacobsen dealers attending; the third session on July 31 and Aug. 1, will have 90 dealers; while another group of 100 dealers will be on hand for final meeting on Aug. 4-5-6. Car Buyers Accelerate Nation's Business Frod W. Lutz. owner of the Cash Regi.ster E-xchnnge. 1123 Washington Ave., has announced the business has been sold to John H. Williams and associates who will continue at the same location, Lutz was owner of the exchange for 37 years. Jack Young of 3205 Kinzle Ave. has received his Wisconsin Stale Board of Pharmacy license after completing a NEW WALKER PRODUCT—A new. internal design for Walker Silencers has been developed by Walker Manufacturing Co. The new, internal construction utilizes the exhaust gases passing through the muffler to eliminate excessive moisture condensation which causes inside rust —the number one cause of muffler failure. Old fashioned mufflers restricted the flow of gases to three tubes . . . which prevented the gases from contacting the inside shell. Walker engineers eliminated the third tube to permit the exhaust gases, on their return passage, to flow through the entire volume of the silencer, creating a "dynamic wiping action" on all interior parts. Road tests have proved that the new Walker silencer will last up to three times longer than the old fashioned, three-tube mufflers. NEW YORK—Consumers kept the economy steaming toward new highs last week. Many businessmen were betting that not even the steel strike could stop the boom. Stepped-up consumer buying of just about everything you could name held out the promise of record sales for dozens of major corporations. The effects were already apparent in the auto industry, cashing in on its biggest sales bonanza since 1955. Ford, Chrysler, American Motors and St.udebaker-Pack- ard turned in glowing reports. Ford's profit for the first six months this year was $285, 900,000—highest in the com pany's history. Chrysler netted $58 million, a dramatic performance wlien contrasted with the red ink figure of a year ago. Sharing the Wealth of the Nation HOW PUBLIC OWNERSHIP OF SHARES HAS GROWN 1959 12,490,000 3% MINORS, ARMED FORCES, RESIDENTS OUTSIDE U.S. 46% ADULT MALES ADULT FEMALES One out of every eight adult Americans now owns some stock in public corporations. Over half of them are women. The total number of shareowners has almost doubled since 1952, as chart, above, shows. These 12.5 million Americans are part owners of 5,100 publicly held companies. Contrary to claims the Communists might make, the average U.S. "capitaltst" is in the $7,000- WHO OWNS U.S. BUSINESS STOCKS HOUSEHOLD INCOMES UNDER $3,000 8.1% aOOO-$5,000 20% $10,000-$15,000 M.1% $15,000-$25,000 $25,000 AND OVER 2.5% NOT CLASSIFIED 2% a-year Income bracket (chart, right). Figures are FPC to Open Hearing on Gas Pipeline WASHINGTON —UPi— The long-unanswered question of whether Wisconsin is to get Canadian natural gas comes up for another airing next week. But there is no assurance of an early answer. The Federal Power Commis sion opens a hearing Monday on an application of Midwestern Gas Transmission Co. to bring natural gas from Canada into Wisconsin at a cost of $52,297,000 for pipeline con- Istruction and related facilities. The company would build -TAP Wlrephoto STOCK AVERAGE GAINS — The. Associated Press average of 60 stocks advanced last week to 231.8 from 230.4 a week ago. Led by livestock, the commodity index moved lower fdr the third, straight week to 169.6 from 170.1 in the preceding period. 125,000 New Cars General Motors, due to report its earnings in the next few days, was expected to make an even better showing. More than 125,000 new cars rolled off the assembly lines last week, against only 85,519 in the same week of recession 1958. Signs of growing confidence among consumers showed up in the sales reports of com panics making glass, chemicals, furniture, appliances, ' swimming pools, food products, shoes, cigarets, textiles and apparel. The National Swimming Pool 'nstitute said current orders indicate that Americans will buy 70,000 pools this year. Renewed consumer interest in apparel gave the long dormant textile industry its biggest lift since the war-Inspired boom of 1951. Burlington Industries Inc., the nation's largest textile producers, said its sales this year are expected to hit a new high of more than $800 million against $651 mil- ions in 1958. The week brought new signs of upturn In the depression- plagued railroad industry. The Pennsylvania Railroad reported a profit of $6,298,659 for the like 1959 period. The New York Central chalked up a six-month net of $10,128,634. One Sour Note Stock sales in the latest week totaled 14,785,280 shares against 15,557,890 shares in the previous week and 18,581,325 in the same week last year. Bond sales had a par value of $26,019,500 in the latest week compared to $25,062,200 for the previous week and $24,856,000 in the corresponding 1958 week. Two forces that may blunt the sharp edge of the consumer spending upturn came into clearer focus this week. Their names had a dismally familiar ring — creeping inflation and rising prices. Living costs inched up last month. It was a small advance—only four-tenths of one per cent in the government's consumer price index—but it was the largest rise in more 504 miles of main line from the ^i,j,n a year. United States-Canadian border jhe latest index, at a new near Emerson, Manitoba, to ^jgh of 124.50, means that it IMarshfield Wis., where It now costs you $124.50 to buy would hook into the line of Mi- ^^gt $100 would have bought chigan-Wisconsin Pipeline Co. 1947-49. Midwestern has a contract with Trans-Canada Pipe Lines, 900,000 TRUCKS .td., to buy 204 million cubic DETROIT—The trucking In •eet of gas daily. Trans-Canada dustry in the U. S. each year has stated it is ready to supply buys 900,000 trucks and 70, this gas. But the Canadian gov- OOO trailers, ernment has not agreed to grant a license for export of the gas. And that seems to be the main hitch. Failure of the Canadian gov ernment to give its permission has blocked previous applica- ions by Midwestern to import Canadian gas. The Federal Power Commission on July 16 asked Trans- Canada to be ready to say at next week 's hearing whether It still is willing to supply the gas. Trans-Canada is expected to answer it has the gas available for sale to Midwestern. But it hardly can speak as to the attitude of the Canadian government. Price Increase However, If Trans-Canada shows that it has the gas available for sale to Midwestern, the FPC possibly could grant a conditional permit to Midwestern subject to its getting an import license from the Canadian government. Rep. Melvin R. Laird (R- Wls) recently wrote Jerome K. Kuykendali, chairman of the FPC, asking it to decide Midwestern 's application by Nov. 1. Laird said if the application is not granted- by that date, the cost to Midwestern for the gas would go up one cent a thousand cubic feet. year's apprenticeship and passing his state board ex- n m i n a tions. The lie e n s e was presented by Gov. Gaylord Nelson in ceremonies at Madison. Young is working in the pharmacy at the Rod Cross Drug Store, 320 6th St. Young was graduated from the University of Wisconsin in 1958. A University of Wi.sconsin spon.sored conference on auditing procedures was attended by Dob Kammerait. systems analyst of S. C. John.son & Son, Inc. .lohn A. FormcUn, Racine district agent of the Northwestern Mutual Life Insurance Co., was cited July 20 for ouf.standing life in.surance .sales among all the company's agents const-to- const in the 1959 agents' honor ycnr. He is associated with the J. Lowell Craig general agency, Milwaukee. He is a winner of the Bronze button award and was honored as the second highest sales producer in the Bronze button group. OPEN SUNDAY For Your Convenianc* ic« Ho» •inpiy-unexppcud oomptni drop In? Ncfd nomrtnlng for «iTnir- R riicj mpnlrii? Don't worrj, iiKlnrmt ])\nM» Art tlwuy^ OD«n to euro tor »our nfml« * RAOIffB STTNDAT WJhijVnt9 July t«, im See. t, Pate f* OBITUARY AND FUNERAL NOTICES Young Frank Chri.stianson, personnel director of Twin Disc Clutch Co, participated in tlu- two day institute on tlie most effective way of conduclinf.', mcetin;vs at a University of Wisconsin MannRcmcnl insli tute. Mrs. Richard Reich, 301 Vin- cinncs Circle, was announced as a winner in the "Colgate 1959 TV-RAMA Contest," spon sored by the Colgate-Palmolive Co. The prize was a remote control porlnble TV, Ernest R. LeClear of 2206 Kearney Ave., has been granted his real estate broker's licen.se from the Wisconsin Real Estate Board. Edmund H. Ollmnnn of 719 Echo Lnne, Rncine CPA, has been elected a member of the American Institute of Certified Public Accountants. Oilman is nssocintcd with the Milwaukee office of Arthur Andersen & Co. Hot Bread, 4 p.m. FUF.SH nAKFJ<y KrlnRle, nnlU, IlkmhurKFr llunii. etc. flPKC'IAI. lUr n-Q llAinbiimor Hot Ham I IfinirnKKJc .Sn!;uls nprn 7 ii.ni. to 7 p.m. THE PANTRY OPEN SUNDAYS 8 a.m. till 5 p .m. WcPkcUvi 8 a.m. - i» tn. nnhirilnyn H ;i.m. - (i p.m. BUILDERS HARDWARE KOHL, CLARENCE 1223 HiRhlnnd Ave. Pas.sed awny .Tuly 25, 1959, in tSt, Mary's Ho.spltal. Complete funeral arranKemcnls will be announced Monday by the WILSON FUNERAL HOME, 1139 Blnlnc Ave. WARDELL. ADOLPH 2114 Erie SI. Pnssocl nwny .Iiily 25, 1059, at hl.s residence, Funeral sorv- Icci will be held Tuesday, 2 p.m., in the WILSON FUNER- Ali HOME. 11.19 Bininc Ave. Coinpleto nrrungoment!) will be nnnnimcod Monday. FLORISTS LEE'S FLOWERS •Th» Eronomy of inM N. M«!n_flt OInl MKIroU* i-^Ui Douglas Flower Shop Flowers of Quality Brux Flower & Gift Shoo BOn OnMM Bl MF.Irnic 3 -M4a AFRICAN VIOUrrH - NKW VARIKTIFH. •'intillK Ills Hna«»»«lt Avf J-OdlS Timiiiin nnvii MFlrnm l-MJl Elroy Bastian, of T. C. Esser Co., Racine, will attend a [closed-circuit TV conference In Chicago July 29 at which Libbey-Owens-Ford Glass Co. will introduce Its new television show, "Bourbon Street Beat," to its distributors throughout the nation. Other cities besides Chicago to be linked in the closed-circuit TV conference are New York, Los Angeles, Atlanta, Memphis, Dallas, Richmond, Seattle and Toledo. DISCOVERED SOAP The ancients discovered soap accidentally when the grease from the sacrifices of animals offered upon the altar dripped through and mixed with the wood ashes of the altar logs. NOW OPEN EVERY SUNDAY 6 A.M. to 6 P.M. and Cvrry Uky I km. tn t p.m. Becker's Bakery 1300 VIIK fit. MRIrnii* iOM» VNUr.n NKW MANAUr.MKNT Businessman Is a Villain in Many Modern Novels SPEOUL NOTIOES NEW 1959 MAPS CITY OF RACINE and Vicinity I Cnmpitt* with Kll n«w utrntti In- clu(1i<<l IlM index to itr««ti. public pRrka, I n cl II • t r I It I plitniji, rhiirchrii. " ' Hliiiwii W pulillr liiilldlnKH. i-tc' uril PfKclnclii. Prlct 50c at jotirnal-TinuvH Office Cornrr -llli i*!; Wisconsin Avf.. from the New York Stock Exchange. EARTH COMPACTOR — Racine Hydraulics & Machinery, Inc. announces its entry into the production of self-propelled, one-man earth compactors with its new "Ra- pak" unit. Designed for ease of opfcration, safety and minimum maintenance, the Racine Hydraulics compactor Is self-contained and requires no auxiliary equipment. Its 4-cycle, 3 h.p. gas engine provides an adjustable rate of from 400 to 600 blows per minute. "Rapak" operates in either cohesive or granular soils, according to the machinery division of Racine Hydraulics. G. W. Christiansen, manager of the machin ery division, said earth com paction requirements are ex panding rapidly in fields such as industrial construction, road - building, excavating, gas and electric utilities, airport preparation, and petro leum development. NEW YORK —The businessman has a rough time of it in modern fiction. That's the conclusion of Fortune magazine which. In its August issue, reports on the "business novel" fad. After studying a number of such novels. Fortune finds that their leading characters are uniformly beset by a plague of troubles and temptations. The authors of those books, says Fortune, have created a kind of Western — not great literature but generally good reading. "Our heroes are armed now with expense accounts rather than six-shooters, and the objects of their pursuits are vice presidencies rather than cattle rustlers, but the literary difference is nominal," observes Fortune. The magazine says that the business novels all hinge on conflicts and It divides them nto five general categories. Here are the categories and some Fortune comments: MORAL DILEMMAS— "The most common theme Is profits vs. principles. What the author presents as a supreme test of his protagonist's courage or integrity is often nothing more than a muddle — In which a sensible man's first move would be to demand more information." PHYSICAL STRAIN — "It is hard to see how the U. S. could have a gross national product much larger than Paraguay's 'if real-life businessmen were felled by strokes, coronaries, emotional collapses, and alcoholic collapses as regularly as fictional businessmen are." FINANCIAL PROBLEMS ~ "Several books have a lot to say about the financial squeeze on middle-rank executives." SEX IN BUSINESS— "It may now YOU CAN WATCH TV WrniOUT INTBIUtUPTION Alk your wlfry In dxli up to th* flUNRIIINR HAH ANI.) nRIU.. corner nth mul Taylor Ave., to pick up two nrdem of tanty trlrd ''t chicken dlnncrt for only tl •ach. Pick up your phoua and dial MK 7 -n5», hop Into your car and coma on over. Your tak* • home order will he ready to no when you •rrlva. Pleate call now. be questioned again how large the G.N.P. would be if real-life executives were Implicated In as many affairs as fictional executives seem to be." EXECUTIVE COMPETITION —"Most recent business novels give up heavy doses of office politics." (But, says Fortune most of the novelists appear to believe that the "bad guys' are usually beaten In the end. "If these 'business novels had more genuine Insight Into badness and goodness, more in sight into men and institutions they might rise above the leve of escape literature," conclude.s Fortune. Bowlers Look! Open bowllnn ever* day. Atr condl- OPTOWN nOWI,INO LANES. Honed . 1440 Junction Av hicken Supreme , PRER DRLIVBRY - MKI.ROSE 4-10 ]l OlIICKKN I1.3R piKEj^jiimiMH-ifAMnwnona^izaA. . "'rUC )l'lillLS~lor All Sport's and Awardii. Pa«t Kniravlni Bervlca. MAIKR HKNNANT CO 133a nt «tt m. nial MElroi«_4^tll«3 ItrKAUtiPUl. " W ,66fiB I 'ftoW YftljR old (loura. Uia our Iloor tandari, radn- lnh with Pahulon. Nn aorub or wax. United Rentalla. 1400 Uauglaa, Ml 3-0493. Aliis-Chalmers Adds More Men MILWAUKEE—Employment at Allls-Chalmers has rebounded nearly 11,000 for a total of 40,028 persons. Since May, 15, 1,450 persons have been hired at West Allls, and 1,429 persons on lay-off have been recalled. Total employment at the West Allls Works Is 15,500. This includes more than 300 summer workers, most whom will return to schoo in the fall. Hiring is continuing at West Allls with another 300 to be employed Ijefore requirements have been filled. ATKM'8f 6nAQi- % iTi i PO ii C6Xf lackat remodelinc, Bol Redor, Furrier, MT glxth Bt., Phone MKIronw a-8044; WATK1N8 (iOAi;ii'*~t*KeBneTr-:::: CHAIRS KOR REN -r MERCIIANTB DEMVKRV in 1-HO} The United .States drinks as much coffop M<! the rest of the Aforld combined. The Russian Trade Picture — 101 PATTERNS OF SOVIH TRADE UI^- 1948 1950 1952 1954 1956 1958' COOK BOOK "Cook of tht Wttk" Raolpaa. A •ollectlon of rtclpea by Raclna womtn ... on aalt at tht Journal- Ttmea otflet. II.SO par copy. Ineludlni laal Jun« tupplemanl. , 4-0748 Onglnal Cyclone Fence By I) fl. Btcrl Corp. Free Eatlmatea Cyclone la th* Leader In the Field atan Blaleckl. MB 3-7075 RIOTS" vm nr'^ Raaldanc* rataa rrom tl to flO weak. "THE THOMAS." 1030 Rtata. ME «-(913. Phona ordara promptif dellvared. Dial MEIfoa* 1-0137. 1100 Urov* Aya. repalrlnK and oleanlnii.' Puntlllo'Tha Tailor^ Jlfcmh Bt. MBVroae 3-3084. VlfCr CAN BORilO'W UP TO iOwTifBR all worthy uita at Thrift Loan Co . 314 >th at., MP .Iroia 3-361). block on North Main to 17th and Raclna aver* morntni. Pavnitnt. Anawar before Au(uil 10. writ* R-ll, Journal' TImea. piCTtTRirmwiHir:: PHOTO ORArTB lU Coll««* Aire Midii* "eiiAmiiai::^j -5i5ZiN. ii. PAT Braun, 1034 Vine. Onlnn Prove. niE MOB OP AcrriviTV FOB RKNTINU rooma apartmenta. houaaa— tha Claaal- fled taction, To offtr your vaotnrlea dial MRlroia 4-3333 and auk far a Want Ad-T»ker. LOST AND POUND LOST -BLACK MALE BEAOLE POPPY. Tlclnlly 4 Mile Rond and Birch Creek Lane, MEIroie 3-01)04. AUTOMOilLIS FOR SALE 1183 NAflll 3 DOOn WAOON. 1053 MER- oury convertible, Merco-matlo. power •enta, power windowa. 1417 Erla Bt. FUUX) "rMfCONVEHflDLE, BTANrMRD ahlft, ovfrUrlvo. Ver^ ahar^. Musi aell. »llllT«dej_J1700^ M .V ^ CAimI .AC ^»5 »;nP'ULiT\? BiSBfPPtfD, 4 door, two tone t)alnt, 1300 mlloa. 14.000, No trades. MElroae 7^3203_; . fj5r '"C HE V R 6 ITB T TWO „DOqR- ttralsht «hlft, radio, heiiter. Priced to tell rliecin MKlrouc 4-0»86_ aWfESSfAHTiSftO, LOCATED ON IIIOII- way K, P/a nillet went of Highway 41. :nll Cnj itB3 VE 0-4083. 'NAflTT - BTATEMAN: CtSAtT, overdrive and htator. Call MKlron* 4-0788. . lW~CADiLLAC HAUDTOP -I^IKK brand now. »2a Douglat Av*., MGlroa* iw cireVROLW-i" pbo |r^^ ard shift. Will trade. $1100, MElroia 4-6433. f6wEit QARAbE AdTi aAi'«8„S«*i;: Hy used cBrsjl316 Bjrrd Ave MB J-7JI08 llSl~CAD"lLLAC 4" DOOR - AIRjCONDI- tlonlng. Very good condition. ME 7-6141, 1083 PLYMbUTH 2 bOOR, 8TANDARD- 37.000 original miles. MKlrose 7-2835. IM9 CfflEVReOct 3 DOOR - RAUib. henter, $135. laia Cleveland Avenue. I»83"BUICOPECIAL 3 DOOR - IN WT-' cellent condition. MBIroi* 7tel41. iW7 C 6 RVETTE - 2 TOPS. REA80t<- able. Call MEIrose 3-3841 after 4. r»4» nOICk-CONVERTIBLE. BEST OF- fer. over 175. 1614 Enos Av*. ^ WHAT USSR StLLS U S A lENZtNE .L. 38%^ \ / rUTINUM GROUP METALS 1958 TOTAL; )I7 .6 MILLION FURS 34% OTHER '22% WHAT U S A SELLS USSR TALLOW 59% 1958 TOTAL: $1 ,4 MILLION HIDES AND SklNS OTHEIl' 16% ' MACHINERY 10% Russian sales to the world have grown from $250 million in the late 1930s to more than $4 billion in 1958. Import figures for tliose years are about the same. But her trade trend with the United States has been quite different. U.S.S.R. imports, $38 million in 1938, dropped to $3,400,000 last year. Exports to the United States have also tumbled. Reasons for this trade trend between the world's principal powers are multiple. • There is little. Interest here in buying Russian goods because other sources have been found. • Domestic industries, particularly mineral industries, resist competitive imports. • Dealing coih- mercially with Russia has proved bad public relations. • Besides the uncertainty of Soviet contracts, the United States wishes to avoid trade that might feed the Russian war machine. • Finally, businessmen are worried about competition from a nation that could copy and market U.S. business techniques and machines. 1 Browse Around Joday AT BOTH OUR LOTS No one will bother you' Then see us for sure on Monday for the car you've picked out! IRVE STREULI'S CITY OF CARS 1535 Douglas ME 4,3334 "W« luy CttfH Anftim"
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