The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin on August 2, 1959 · Page 32
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The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin · Page 32

Racine, Wisconsin
Issue Date:
Sunday, August 2, 1959
Page 32
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Grant £. Stueber has been named manager of chemical process development at the Avon Lake (Ohio) development center of B. P. Goodrich Chemical Co. Stueber, the son of Mr. and Mrs. C. L. Stue« b e r, 4 0 0 6 Wash ington Ave., Racine, joined the B. F. Goodrich Co. In June, 1942. He became a research April, 1952. Stueber is a 1942 graduate of the University of Wisconsin where he received a Bachelor of Science degree in chemical engineering. He is member of the American Institute of Chemical Engineers Stueber scientist in Cary Wilson, vice president sales, Modine Mfg. Co., will participate in the National Industrial Conference Board's 7th annual, marketing conference, Sept. 16 to 18, in New York City. Wilson has been nvited to speak on "Effecting Product Improvements and Innovations," during a panel dis cussion on how product, technical and sales service can in crease sales. Employment i n c r e a s e, recorded during July by the Manufacturers' Assn. industrial employment census, was 116 for a 30 day period. Total employment at mid July was 20,770 the largest total recorded since June, 1956. Average weekly earnings in Racine County dur ing June were $99.50 with an average of 41 hours worked per week. Toth Frederick J. Toth has been named area production superintendent of Shell Oil Co's New Orleans exploration and pro duction area, it was announced today by B. Dykstra, vice president. Toth, a native of Racine, is a grad u a t e of Stanford University. He has served as division superintendent in Bakersfield, Calif.; division pro duction manager in Casper; and Denver area production superintendent. Prior to his New Orleans assignment, Toth was division manager of Shell' Denver production division. Mr. and Mrs. John A. Han naford, of Hannaford's Organ Studios, 1715 16th St., have re turned from the Wurlizter Or gan factory at Corinth, Miss where they attended a seminar covering the latest develop ments in the design and man ufacture of electronic organs Machinery Division of Ra cine Hydraulics & Machinery Co., 1524 Frederick St., is con structing a 3,100 square foot rough storage warehouse. The addition is expected to be com pleted in three weeks. Build ing contractor is Jacobsen Ma son & Cement Contractors. Offers Certificate to Ethical Stores Economy Bounces Along Despite Steel Strike The board of diretcors of the Chamber of Commerce have approved an accreditation program which is intended to serve as an advantage to Racine business firms. Darrell Wright, secretary, said the plan was prompted by the growing number of Itinerant merchants operating in the Racine area. The 325 firms and 745 individuals who are members of the Chamber of Commerce are being invited to participate. The accreditation offers a certificate, for display in the store, and a symbol which is to be used with business advertising. Samuel P. Myers, president, said the uses of the certificate and symbol will be limited "only to those businesses which are conducted on a high ethical plane." Develop Carpet Pad Which Heats Room LONDON — A British -made pad that goes under a carpet plugs into an ordinary electric outlet and warms a room. The underlay uses low-temperature heater wire encased in waterproof plastic. It distributes warmth over a large area and is said to be competitive with central heating. NEW YORK — (/P) — The economy put on a final burst of speed last week before heading into "its usual August lull. The steel industry, with half a million men on strike, crawled along at a snail's pace. But the tempo in most other lines was fast. Consumer spending was on the rise almost everywhere except in steel producing centers. Auto Plants Busy Auto factories poured out more than 122,000 cars — not quite as many as in recent weeks but nearly twice as many as in the same week last year. They'll start shutting down for model changeovers Monday. The stock market closed at a new high. All signs pointed to resumption of the boom by early fail. The longer the steel strike lasts, the sharper the pickup is likely to be. The three biggest steel companies announced their midyear earnings—and the results were never better. Record Is Set U.S. Steel made more money n the first half of 1959 than any steel company ever earned HONORED — J. Roland Jones Jr., sales office manager for Hamilton Beach Co., was honored for 40 years of continuous service with the firm. He received a gold watch and a gold pin With a diamond from Arnold O. Wolf, general manager. All of Jones' 40 years have been in sales, with one year, 1920, spent in the firm's New York office. in any six-month period. The total, $254,948,000, compared with $135,650,000 in the first half of recession 1958. Bethlehem reported a profit of $123,159,000 against $53,823,000 a year ago. Republic's net zoomed to $67,089,717 from $23,904,602. With an eye on the stalemated strike talks, steel company chiefs reaffirmed their determination to fight Inflation by holding the line on wages. The lush steel profits provided new ammunition for the striking union. President David J. McDonald snapped: "How can they possibly justify the phoney 'inflation' issue at time when they themselves are rolling in unprecedented weallh?" Other Earnings High Steel executives said the record earnings reflected "business borrowed from the third quarter." Earnings of other industrial corporations cost an equally rosy flow last week. General Motors netted $590 million in the first half, up 77 per cent from the $334 million earned in the first six months last year. This brought total profits of the nation's five auto manufacturing companies to almost $975 million — three times what they made a year ago. Modine Names Ad Manager Appointment of Arthur J. Swartz, Somers road, Kenosha, as advertising manager for Modine Manufacturing Co. has been announced by M. J. Druse, director of public relations and market research. Swartz, before joining Modine in 1948 as assistant advertising man- a g e r , had served in a similar capacity Co., Kenosha. Marquette American nji j« irj-i 11 1 H a' n o • n n n ro C3 n an t9S 2S4 %%% n% aio 210 900 m 110 iro MO 150 174 \n \i\ 170 •saa iTOiKinifiaanrannaaOaa »T4 173 Xft 171 170 M9 1*0 100 170 WO OPEN SUNDAY For Your Convenienco In* Hnx amptjp—iinHxpfotad eomnon} drop In? Nfloil (omfthlnR tor urner f tcncy r <ipiilrji7 fJon't worry. II: mfllnmii pluccs i>rn alwayi open CBio (or you;- needs thefia to RA€INE SUNDAY BULLETIN AiiKUHt 2,1959 Sec, 3, Par OBITUARY AND FUNERAL NOTICES ALL -TIME HIGH ~The As.socialccl Press iiverago of (;o stocks advanced to an all-time high wljon it dosed lasi week at 235.1 from 231.8 a week earlier. The commotlity index remained unchanged last week at I69 .(i, witli gains and losses evenly divided. Consumers Enjoying New Financial High Hot Bread, 4 p.m. Krliml'', H'llli, IlftniUniijcr lliiim. pir. flPKClAl, llnr-Ii-y lUiiihurtn'r Hot Ham i Iniiicinadt' Salails (tpcii 7 a.m. lit 7 p.m. THE PANTRY m\ Wasli. Ave. Ml'. 'l-486f, NOW OPEN EVERY SUNDAY 6 A.M. to 6 P.M. mill Hvriy Uiiy R iini hi (1 p m Becker's Bakery i:ion villi! .SI Minirimr -l -onnfl tINDKll Nli:W MANAdKMKNT OPEN SUNDAYS 8 a.m. till 5 p.m. nOYIvE, Tl^OMAS .1. 907- nth SI. Funeral Kcrvices lor Thomas J. Boyle, who passed away Aug. I, 19.50, fit hla rogldence, will be held Tuesday, 8:30 a .m., In thi> Acklam Funeral Home and 0 n.m. In St. Rose Chijrch, Ucv. Daniel Garvcy otficiat- iriK. Interment will be in the fatiiily lot, Calvary Cemetery. Friend.? miiy call at the ACK- 1,AM FUNERAL HOME, 729 Grand Ave.. Mondoy afternoon Hflur 2 ii(;l()(;k. The Rosary will b(' recited Monday cvc- nill^;, It ndock. FLORISTS I LEE'S FLOWERS "Thd Eronomy nl CJiitllty" N Mriln .Hi_ Dlil MElrnii* ••3a5a Douglas Hower Shop . Flowers of Quality Brux Flower & Gift Shop "NirW -VAiUKfll^H 11 Ih Uoiiirvrll %»r nno Onoirt HI, ATimrAN"Vi?)i,i.Tsi' •iinolli>« Wi'i'kdiiv.i A.M. ^ Bntiiiilny* A.M.-(. M. ,M. SPECIAL NOTICES I NEW 1959 MAPS CITY OF RACINE end Vicinity Coiiiplrtr Willi nil ni'W nlrrrt.i In- cMidiMl Ilns liulrx to nlrfcU. pull- lie. iiitik.i. I n il II 4 t r I n I nlnntn, rhlirrlira, niilillr liiilldliii!*. «lr-. Hhiiwn Wixri! I'rcclntiii I'rtio Mc at Joiirnai-'rinirs Office Conicr 'Iill iK; Wisconsin Ave. Swartz at MacWhite He attended University and the Academy of Fine Art.s. Swantz II veteran. is a World War The Racine Journal-Times Announces ci series of "FUTURE PROGRESS" SECTIONS to he published^ one each week^ in the Sunday Bulletin during October! THE PURPOSE OF THE SERIES is to give our people a look into the anticipated growth and prosperity of the Racine area in the next few years! WASHINGTON — (JP) — What's fuehng the business boom? The Federal Reserve Board last week supplied one answer: Consumers entered 1959 better heeled financially—both in their holdings of liquid assets and in current income—than ever before in history. The board issued its annual survey of consumer finances, based on sampling inteniews across the country made by the Survey Research Center of the University of Michigan. It showed that in spite of the recession, total personal income last year rose by $8 billion, or 2 per cent. Prices 3 per cent, so there was a slight loss in real income. But Americans as a group reduced their load of auto installment debt in 1958. increased their savings and bank deposits by the biggest amount any year since World War II, and enjoyed a sharp rise in the value of their stocks and bonds. The emphasis on saving, said the board, "brought liquid assets of consumers to a new peak in early 1959 despite the decline in their holdings of U. S. savings bonds." About three-fourths of all families held some liquid assets—meaning checking and savings accounts in banks, shares in savings and loan as sociations or credit unions, nd savings bonds—when the survey was made early this year. About 40 per cent of ail fam- Hydraulics Firm Optimistic; Votes Dividends on Its Stocks The current and future effect of an expanding population on the area. To point out the many reasons why we can have confidence in the future. Current and future developments In the city and county that will affect the area. The story of our local industries and their importance to the economy and welfare of the community. • The story of the Racine area as an ideal place to live. SuhjecU to he covered will be divided as follows — Racine Area Growth Today and Tomorrow! Sun., Oct. 4tli Growth and Potential of Racine Industry! Sun., Oct. 11th Community Development in the Making! Sun., Oct. 18th The Racine Area a§ an Ideal Place to Live! Sun., Oct. 25th NOTE TO BUSINESS AND INDUSTRY If you are interested in placing advertising space In these sections, a Journal-Times representative will be happy to call on you with complete details about "October Progress Month". Phone ME 4 -3322 and ask for the Advertising Manager. OCTOBER IS "PROGRESS MONTH" ilies had liquid assets of SfKK) or more. About 40 per coi\t of all fam ilies reported ai\ incr(\' in income from 19,'"i7 (o lO.'jH. while 22 per cent reported a decline. The others remained substantially unclianj^pd. More thnn half of the farmers— 64 per cc>nl — had income increases, and 44 per cent of solf-employed businessmen reported increases. Consumer spending on autos dropped sharply last year,''but expenditures for home appli ances and other durable goods increased somewhat. By early 1959 slightly over 70 per cent of families reported automobile ownership, and 12 per cent of all families owned two or more cars compared with 10 per cent in early 1958. Consumers favored lower- priced cars last year. As a result, there was a drop in sales of eight - cylinder domestic models and a doubling of sales of foreign makes. A lower average price per car was paid. There was a sharp decline in the total amount of auto installment credit extended, and the amount of auto intallmcnt debt outstanding declined over the year. This was more than offset by increases in other types of credit, so that the Iota! of short-term and medium- term consumer credit rose slightly over the year. The board said that the recession caused more than TVi million families to lose the income of their breadwinners for at least part of the year. BUILDERS HARDWARE I.Ml lliipKlii Drive SPIOIAL NOTICES i\ 'liii': DOC, iiocsi':? I'Mdwri^ niui Cdiuly BIT nice liiil why iioi liy llip nfw, Itnprovotl riMiiiulyV Oi> yciur wiiy hoini' lii- iliiv. pick Iwii liiniv ft'lcil "j ililckiMi illniii'lh ut llii" HUNHMINK IIAH ANH OIUI.I.. noriirr ntli mid 'I'livlnr Ave YdU wnii'l liiui- IISIM'H iiiul you'M Riiiii itntcp yniiiKi'll n fliii- ini'iil VB II iniiy rvcti tii' wisi' lo pliik up mi oiOiT of clUck- fii fill liKilhri-lli-liiw. Inn Ml) I 'lllii'i Klup In (111 yiMii WHY liiiiiiii 111 mil MKIniir 7 -l2 (IB now lor lukr-lKiiiii' Rcivluc. COOK BOOK "Cniik or lh» Wrck" Reclpct A riilliclloii ot rcelpoj hy Hiiilno uiiiinrn nn mile Kt tlie Jnuriml- 'riippK ottlce. It !<a prr copy. Including luit Jiins •iipplcmrtil. Bowlers Look! LOST AND FOUND B I.O.MT -IJ INCH DKACILK. AN8WKtl8 TO niimr Drniipy Illiirk with hriiwti niiri wlilli' mill kliiK;< Vicinity l^r:iiik.'ivllle. \.6»v fii.Ack. wiiriKANi) tAN MA E K hPiiKli'. iMiiikliiK 111 I 'lir. AiiHWPrN to flpiiiikv VUinlty nnrilmldi' Iti'Wnrd. MKirnn.' ;!-:rnii 1 ,68 r PAiiAKiacr, nKiaiir oiii>;W, r.nlir» .»trlpi'd wliiKii, vdldw liciiri Vlclti- Ity llriryvlllr Hrliiiiil MKIriinc 4-1344. AUTOMOBILES FOR SALE « CIIKVIilil.Kf HEI, AIll 4 DOOn, Iwn liini'. Blind I 'linilllliiii. JIU'i. .'l-lltlili. \\M nmu cMi .sToM'i "tnKm ."cTc)6D cmidltloli 'Mia Diiriuid. MKU(i5i ^_7-ni4|^ 1B57 ri .YMOUTll C(JNVi;in-U3LB. fVhL powi'r Ilrnl nlfi-r. Pliiiiii' Mlf.lro.ii^ 4-B72H. luri:! iiuifk HI'KCIAI, a uouit HAUD- lop, (ilmrp 2431) Diirnnd. lS4i;irnii»i _7-fll4I. m5i f;Anii.i,AC M.iai-rwooi)' Fouii dfiiir. vi'ry xli'iuj^ J'hiiiie MKIfiiHO 7 -ni41. i »»!i ciTKYHoi'-tn' "FoiJii bo<)ii --i '0W- rr Klldw^ fxcrllpnl rondlUnn. MK 7-W141. MJWlili UAliAOk 'Aijro BALK8. UUAL- Ity uncd cur.i 4315 Ilvrd Ave MK \jM» 105 .1 i 'ONllAC UADld. ilkA 'l 'lilt "IJAHI? ^rciMi Clood ccindlllon MKIrosi' 3-2103. ' i »fi2 ciiKVrtOI^Jf VT)60ruTToou CON- dlllnn. J325 rnll MFIlrnsi' 4-n334. 11152 NAHM H'lATlON WAODN I I AU TO. Willi (ivcnmYn, _14_17 Eric HtlH'i 't._ hT)( AMnO?tt (5"cii8f()WWAOolJ. ITsoo: MKlro.Hc 7 -41 «B bctor* 2;30 p.m. Oprn bowUliR tlbiu'd UPTOWN i>v«ry dny. Air cnndl- IIOWLINO LANIOH Chicken Supreme FRKK I )l':l,IVRHV - MFI .ROHB 4-102H CHICKEN $1.35 PIKK~8imiMl >-HAMHUUaER -rMZZA tROHillliS tor All Sports and Awnrda. fMt Eiigrnvlnl Strvlcf. MAIER PENNANT CO 1330 Htntii HI. Dial MElroa* 4-6843 aoMKoNK aickv (.•AI.L I;H (' OU IIOH pltiil lii'd.1, coiiinnKlCK. riiUllnK nr friic- luri- wheel chulm, crulchiiii. nvor-bi'd tulilpn. tliiltcd Rcnliill.n, 1400 UtiUKlna. Mf;iroiir 3-0493. . ROOMS I-OR RENT Kn.nldence rales from »7 to |10 wapk "THE THOMAS." 1021) Stato. ME 4-1)013 I 'Rfcl! OTORAOI'J-WITII KUIt COAt 6u jiickul ruinodelltiK, Sol Huder, Kiirrler. 517 flixth ai, Phnnr MTCInup !-(l044^ vvA 'i 'KitNi .s " QI/A X ITY HiiolViiet 's " - Phmio ordPia ormiiptlv ricllvdrrd Dial MKlrll^e 2-0H37 1 100 Oriivn Ave. Mi:Nt) lOltMAI, WIIAk KKNTAI, -LOW iiiti' PtlNTlI .I .O Till': TAlLOIl, 310 .SIXTH HX, MKlrn-ii' 3-2084 ' "CHAIRS I'OR'KKN 'r MERCHANTS DKLIVERV MB 2-5103 IMCTUHp; PRAMINO- PHOTO OP.APTH 524 Colleiie Aviv '55 OLDSMOBILE 2 -donr. Radio, heater, hydraniotic. Mathews & LaBelle AUTO SALES ME 4-5187 Highway 32 at 5 Mil* Road Oprii Evm. 'CII U. All liny Sunday Racine Hydraulics & Machinery Co. reached its dollar sales volume and profit objectives 'or the fiscal year, M. E. Erskine, chairman, reported to the board of directors at the board's year-end meeting July 30, He credited substantial mprovements in recent months, and said the outlook or the new year, starting July is promising. The directors declared an annual dividend of $1.20 a share on outstanding preferred stock, dividends to be payable quarterly. The first ciuartcrly dividend of 30 cents a share will be paid Sept. 30 to stockholders of record Sept. 18. A dividend of 15 cents a share was declared on the outstanding common stock payable to stockholders of record Oct. 5. George B. Miller, executive vice president, was elected to the board. Market Soars to New Higlis NEW YORK market investors, dence unruffled, Stock confi- WANTED Good Clean USED CARS Bell Auto Sales 1344 Lathrop 3-8531 - 2-6128 OPEN EVENINGS 'TIL 9 Note Slight Increase in Speed on Highways Motorists using Wisconsin highways registered an average speed of 54 miles an hour in rural areas according to a survey just completed by the State Highway Commission. The study revealed a two- tenths m.p.h increase in average speeds over those recorded in a similar survey made in 1958. The checking was done at 15 locations on rural sections of state trunk highways in widely scattered areas of the state. Five thousand vehicles were checked for five successive weekdays. Included were 3.191 Wisconsin passenger cars, 681 out-of-state passenger cars, 285 light trucks, 884 heavy trucks and 35 busses. The checking station on S.T. H. 13 in Taylor County re corded the lowest average speed of the 15 locations—47.8 m.p.h. The highest average was recorded at the station on the eastbound lane of the 4-lane Interstate Route 90 (U.S. .30) in Waukesha Connty—57.9 m.p.h. The calculated 85 percentile speed (the rate at or below which 85 per cent of the vehicles observed were moving) was 62.8 m.p.h., a three-tenths m.p.h increase above the 1958 figure. Despite the nationwide emphasis on increased horsepower and speed in automobiles, state highway officials pointed out that in the 10-year period from 1950 through 1959 the total average increase in vehicle speed in Wisconsin was only 3.1 m.p.h. Other significant changes revealed by the study included a slight increase in the average speeds of light trucks (1 m.p.) and busses (3.2 m .p.h.). This year 's survey was the tenth annual check since Wisconsin 's 65-55 m.p.h. speed limit became effective in 1950. |, their nevertheless became a bit more choosy last week. nrisk bidding for shares again propelled the popular market averages to new heights. But the buying gener ally was selective, focusing on groups and individual i.ssues. Oils, chemicals, aircrafts, steels, raiKs—all won flurries of favor. Some other groups, at the same time, suffered stiff losses. Selective Buying The selective buying speeded up trading. All told, 15,069,048 shares changed hands during the week against 14,785,280 a week earlier. The market edged ahead gingerly through most of the week. Steels and chemicals spearheaded a Monday advance while oils paced further upturns on Tuesday and Wednesday. Aircrafts then romped ahead as the market seesawed on Thursday and Friday. A closing spurt by some blue chip issues put the market at a record peak on JFriday. Prices May Drop On the week, the Associated Press average of 60 stocks .stepped up $3.30 to an historic high of $23.5.10. The Dow Jones Industrial Index, hitting new highs each day, ran up 11.16 during the week to a record 674.88. Brokers believe prices may trickle down briefly now. But, over -all, they figure the usual late summer upswing will carry stocl^s still higher Today's Special '58 STUDEBAKER V-8 Silver Hawk. Radio, heofcr, power kit, twiti traction, overdrive, like new. MELIK MOTORS STUDEBAKER - LARK DEALER 1007 Wosh. ME 3-7703 Browse Around Today 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 "We Bui CoUca Anytime" Racine Ford Co. '54 CHEVROLET 4 -door Wogori. Radio, hooter, 6 cylinder engine, standard drive, etc, Blue ond white in coldr. In above overage condition. Priced to sell at only »895 RACINE FORD COMPANY your hkntllY ford Oto/er" ^0 MorqueHc ME 4-S533

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