Detroit Free Press from Detroit, Michigan • Page 42

3D Friday, Spt. 17, '65 DETROIT FREE PRESS Michigan Bank's RUmOHi incite Record Resources New records were set at "Michigan Bank, N.A.," Detroit, SrLT7t PORTER How a Woman Can Qualify for Big Board Seat when resources passed the $400 million mark as of August SI, according to Stanford C. Stoddard, president. Total loans also reached an all-time high of $228 million, a figure which represents approximately 71 of the bank's assets. Total capital funds went over the $20 million mark, and the earnings for the first eight months are ahead of those for the comparable period in 1964.

The U.S. Army Tank Automotive Center, Warren, awarded $14.9 million in contracts to 24 Michigan firms during August including $8.6 million to the Big Three Revco D.S., Cleveland, registered $2.5 million in convertible subordinated debentures running to 1985 and 152,429 common shares through Hornblower Weeks-Hemphll Noyes. Gulf Oil Corp, Oct. 1 will expand its brand name coast-to-coast as the 1,000 service stations of its Wilshlre Oil Co. subsidiary in the far west switched to the Gulf label.

TRW, Thursday boosted its quarterly dividend from 25 cents to 30 cents a share and declared a year-end extra of 15 cents payable Dec 15 to record Nov. 19. Foremost Dairies, authorized purchase of a 1 million share-block of McKesson A Bobbins, common from Glen Aiden Corp. Foremost already had acquired 70,000 other McKesson shares, it was revealed. Record output of commercial and industrial machinery helped push the nation's industrial production up slightly last month, the Federal Reserve Board reports.

Microwave Electronics shareholders approved a merger into Teledyne, Inc. Microwave will operate as a division. The Martin Co. says it has designed a thermonuclear reactor power system that coulfl. operate unattended for five years.

The system would be 200 times more powerful than any direct conversion nuclear system now in use, Martin said. BY SYLVIA PORTER "Could I become a full-fledged member of the New York Stock Exchange if I applied?" I asked my luncheon companions, three intelligent, informed gentlemen from the NYSE. All three put down their forks. A pall fell over what had until that instant been a pleasant lunch. Finally, my senior host-managed what was so sickly a grin that it was amusing and said: "Please, Sylvia, you're not going into that again? You know that no woman has ever applied for membership on the Exchange.

Why raise a fuss?" "I'm doing just the opposite of raising a fuss," I retorted. "I'm helping clear up widespread misunder SOUTHEASTERN MICHIGAN GAS COMPANY The loard of Director! hat Hill day declared regular quarterly dividend No. 3 of 13c per share on Hie ait-itanding Common stock of the Corporation, payable Octofcer IS, IWS. fa stockholders of record at Hi close of business October 5. 195.

O. O. Wilton Secretary-Treasurer Port Huron, Michigan September 14, IftS SOUTHEASTERN MICHIGAN GAS COMPANY The Board of Directors has this day declared a regular quarterly dividend No. 32 of SI. SO cer share on th outstanding 4 Cumulative Preferred Stock, Series of this Corporation, payable en the first day of October, 165, to stockholders of record et the clot of business September 20, ms.

O. O. Wilton Secretary-Treasurer Port Huron, Michigan September 14, l5 Stunt by new Ford Industrial tractor aimed at showing ruggedness A Ford Tractor Line Bows LBJ Nominates Lilley, Ford VP, To Ex-Im Bank WASHINGTON President standing by reporting that there is no provision in the constitution of the NYSE or written rule or regulation barring a woman from becoming an NYSE member. I'm doing you a favor by emphasizing that it's only a matter of tradition and protocol. Now answer me: Could I me, Sylvia become a member if I applied?" There was another long pause.

Then: "Yes, probably you you could." The stress on the "you" couldn't be missed. The implica to that in some of the smaller more than 100 uses for the new equipment, Including highway economy imports. Johnson announced that he would BY FRED OLMSTED Free Press Automotive Wrltor Ford Motor first new line of industrial tractors since 1958 was announced Thursday. nominate Tom Lilley, a Ford Motor Co. vice president, as a maintenance and grading and excavating.

Construetoin contractors, he added, will add up about $28 billion in contract awards this year, a 7 percent rise from 1964. Emery Dearborn, general operations manager of Ford's U.S. Tractor and Implement Operations, said the new Industrial line combines major engineering advance with increased power and stamina. The line, under development Miss Porter for 2b years, Is a companion IN ADDITION, Grommersch A new manual reversing trans to a new group of agricultural models brought out earlier this ii stf i i nn-f'--: iLvJ said, there Is a backlog of more mission and a power-shifted 10- than $130 billion in the planning year, nrst new Fora farming Tom Lilly speed transmission also are of fered. line since 1955.

stage in such areas as housing, transportation and waterway director of the Export-Import Bank. Lilley heads Ford's Canadian Oversees Group, comprised of subsidiaries of Ford Motor Co. of Canada in Australia, New Zealand, South Africa and four, other nations. A one-time faculty member of the Harvard Business School, he joined Ford Motor In 1948 and has been engaged in overseas operations for 11 years. He has served on several foreign trade councils.

SOUTHEASTERN MICHIGAN GAS COMPANY The Board of Directors has this day declared a regular quarterly dividend No. 12 of $1,375 per share en the out-lending S'j Cumulative Preferred Stock, Series of this Corporation, payable on the first day of October, IH5, to stockholders of record at tk clot of business September 20, 1765. O. O. Wilton Secretary-Treasurer Port Huron, Michigan September 14.

IMS SOUTHEASTERN MICHIGAN GAS COMPANY The Board of Director! has this day declared regular quarterly dividend No. 3 of $1 ,375 per share on the outstanding 5'2 Cumulative Preferred Stock, Series of this Corporation, payable en the first day of October, to stockholders of record at the close of business September 20, It 65. O. O. Wilson Secretary-Treasurer Port Huron, Michigan September 14, IKS James H.

Grommersch, gen BOTH FEATURE a new eral sales manager, said Ford has made a "total commit three-cylinder in line engine, About 190,000 tractors are Bold annually in the U.S. About one which Ford says is more effi ment" of its engineering, manu cient and economical. Four-cyl facturing and marketing facili ties in support of the new lnder units are still offered in in five is for nonfarm, or industrial, use. With Ford, Grommersh said, this ratio is one in three. the agricultural line.

COMPTROLLER-ACCOUNTANT with full Kcutiv authority to lupvr-vito motl-rturnt ratort operation in Port Huron, Michigan. Exceptional growth potential with aipanding motel and food management company. Pleat call or write: ASHER N. TILCHIN i Tllctili Manaiemeirt Co. 10670 W.

I Mile 0k Park, Mick. LI 8-S044 urommersch said there are The new tractors, primarily for Industrial and construction nse, will be produced In Ford's Highland Park Tractor plant. Similar models will be turned out in a Ford tractor plant at Antwerp, Belgium. New and more powerful back- hoe and Industrial loader units, being introduced with the trac tors, will be made by Ford In Royal Oak and at DesMoines, la. WANTED SALES MANAGER FOR Progressive Wholesale Distribution Company with top lines, selling; industrial and contractor accounts.

Must novo confidence to accept responsibility to make moke doclsiont In supervising present solo force and bo a bo to establish awn plan for continued progress. All replies kept In strict confidence. Send resume to: Box 1753, Detroit Free Press 31 The new tractor line offers gasoline power ranging from 26 to 65 horsepower and dlesel engines of 44 and 63 horsepower. Displacement of the gasoline en tion clearly was that because of my financial position and the many friends I have among NYSE members, I probably could make it. The implication also was that very few other women could.

How to Do It Okay, then. In yesterday's column I wrote that the backgound is emerging for some highly qualified woman to make an historic attempt to become the first full-fledged woman member of the NYSE. It could be one of you reading this report. Below, therefore, are details on what you must be and do. To begin with, here are the constitutional requirements, as summarized by Keith Fnnston, NYSE president: "A member of the New York Stock Exchange must be at least 21 years of age, a citizen of the United States, and be able to satisfy the Exchange's strict standards of professional competence and financial responsibility." Here are other major requirements 1 You must pass a Stock Exchange examination to demonstrate your knowledge of the business.

2 To be active on the NYSE floor, you must be Indoctrinated under the guidance of an experienced floor member for the period necessary to acquaint you with floor procedures. 3 You must be approved by an affirmative vote of two-thirds of the NYSE governors present at a meeting of the board. 4 You must present letters of recommendation from at least three responsible persons. 6 You must be sponsored by two members or allied members of the Exchange who have known you sufficiently well and over a long enough time to endorse you without qualification from their personal knowledge of you and your business connections. 6 You must appear personally before the NYSE Committee on Admissions.

7 You must pay for your NYSE seat prior to election to the membership. A seat price is now around $220,000. 8 Unless otherwise permitted by the Exchange, you must be actively engaged in the securities business and devote the major part of your time to this business. None of the above, you notice, differentiates on sex. A woman with outstanding qualifications and a crusading spirit might really make a serious attempt to break the barrier.

P.S.: There is no ladies' room next to the NYSE's trading floor in today's building and there is no provision for one in its plans for a trading floor in its new building. gines ranges from 158 to 192 cubic inches and for the dlesel 175 and 201. NEW V-8 ENGINE of 440-cubic-Inch displacement is standard In the New Yorker and optional In a high-performance version In other Chryslers for 1966. Shown Is the Chrysler 800, the most changed series in the lineup. Evolutionary changes Include styling accents to give stronger Identity to each series.

THE ENGINE sizes are In the range of six-cylinder engines in U.S. compact cars. The horse power ratings are about equal John Feysa, Geirsnl Manager, Bad Checks Grand Rapids Gravel Company, Grand Rapids, Michigan Twice a week, on Tuesday A Scotsman and His Scotch and Friday, the Free Press prints a list of bad checks which may be presented to shopkeepers, bar owners and IN THE LATE 1800s, Thorne's. Walker 40 years ago and operating five diftHUerie in the Highlands and two in the Lowlands of Scotland. other businessmen for cashing Willie (William) Craig, 64 bonnie warm Scotsman and the Highlands' foremost master distiller visited Walker-ville Thursday.

distilled by Craig's grandfather, was imported and familiarly known in this country. In the current century, it has been ex The list, from the Detroit Po He's a third generation distiller and In Scotland that's not lice Department, covers checks which are drawn on fictitious companies and stolen blank checks, which probably will appear later in fraudulent He had been sounding his remarkable. Up in the High- t. v-i, lands where the streams are called there are scores forms. ported mostly to Europe.

Hiram Walker of Detroit, i is introducing Thorne's, two months ago made a color film of distilleries, and their grounds, the heather, Highland scenes, and burns, and baa named It "The Heritage of Thome's." of small distilleries, each with STOLEN CHECKS 1ST CAMC.ON AUTO SALES. 1101 workers and distillers who live Dort FIKt. Nos. 10814 ttiroooh 11000. Drawn on Genese Merchants on the distillery grounds as have their families for several Chicago, Los Angeles, Houston! and Dallas to help re-introduce, a long-ago-familiar Scotch whisky to the United States.

THURSDAY'S a a ranee was similar. Thome's, likely to become known best as Thome's BCLAT MOTOR SALES. 13010 12th. Bluish-wtilte color. Nos.

571 through 51. Drawn on Bank of the Commonwealth. GLOBE PRODUCTS 5021 Junc Put your ad where the Action-People look: in the Yellow Pages Craig' now lives in Elgin, tion. Blue color. All checks, company out of business.

Drawn on Detroit Bank Jack Musik, president of Hiram Walker predicted at Craig's reception that since an4 Tnit ft 1 fk PLAT no cu. jonn Madison Hgts. Green color. Nos. Will become available im BarSkQh 3W9- Draw" mediately in Detroit as a premi Mr.

Feyen did. And he reports action: We deal with the construction industry, and since contractors most often need equipment and supplies in a hurry, they rely principally on our prominent Yellow Pages ads." People look in the Yellow Pages when they're ready to buy. Put your ad where the action Call 883-9900 tocJay. town distillery and at 19 became an apprentice distiller. While still a young man, he began to Improve on processes and soon developed a better way of malting the distinctive Highland grains.

It still is in general use Thorne's ls aged 10 years that "Ten" will become part of its name. Scotch. L. N. W0O5TEK SON.

rLumnmv; AND HEATING. 18V03 Hull Blue-orejn-jUm CralR Is director of production for Robert Thome Sons purchased by Hiram Car Sales Up, But Output Lags in the Highlands. Ish color. All cnecKs. Drawn on Detroit Bank and Trust Co.

MICHIGAN MUTUAL LIABILITY 28 Adams. Claim checks, used to pay insured claims. Nos. 910101 throuah 710200; 910251 throuah 910266; 910401 throuah 910550. Drawn on National Bank fMtD-rFIVB AUTO SUPPLY, T5348 Mld-dlebelt, Livonia.

Llaht-beloe color. Nos. 3565 through 3585. Drawn on Livonia National Bank, Perkins HE ALSO RESEARCHED the history of Scotch whisky and became an authority on it. He studied and watched the growth Me GR AW COLLISION, wor.

Oreen color, inos. anz inrouan (l) t. i j.i General accoum. izi fin coior throuoh 145. Pawoll account.

137 of Scotch exports in the world Autouiooiie u.iea aie aneau 01 a eii ago, uul uew-muuei nos. Drawn on National Bank of Detroit. PRECISION SCREW PRODUCTS AND production still has to catch up with the 1964 pace. 51 CENTERLESS GRINDING, HEMING Higbie Mfg. Co.

Sets Records In Fiscal 1965 Record sales and earnings for its fiscal year ending July SI were reported by Higbie Manufacturing of Rochester. Carleton M. Higbie president, said sales were $13,454,943 and net earnings $1,18,724, or 1.90 a share (adjusted). In the preceding year sales were $11,047,855 and net profit $1,004,583, or $1.64 a share. Figures of the major com- WAY creeu PRODUCTS.

17840 Dix. V-8 Diesel In Debut Melvlndaie. Green color, nos. iuu throuah 1754, 1778 throuah 1861, and 1955 throuah 2071. Drawn on Security Bank nf inrnn HftrK markets.

He Is now recognized as a master distiller extraordinary, for Thorne's from Its start in 1831 has been a blend of 46 Highland whiskies and six from the Lowlands near Greenock. TIP TOP CHIMNEY 10923 Ker- fevjai vMmM rnnr Nos. 11386 throuah 158,183 for the same week last year. Truck production this week is estimated at 35,859, op from 27,533 last week and 30,815 a year ago. The sales totals of the varl- Yellow Pages paniea show that sales Sept.

1-10 totaled 152,133 for the industry, compared with 134,007 a year earlier. AUTOMOTIVE NEWS' production estimates for this week 11397. Drawn on Bank of the Common- "rrri HMIII INf ALPHA BAM A new V-8 dlesel designed pri MA UPSILON FRATERNITY. Oranae color. Out of business, all checks.

Drawn marily for the North American trucking industry was announced rVoITUNION. 4244 Liver- indicate an output of companies, except American Maintaining the constancy of nnis. Llaht-areen color. Nos. 257, 258, Thursday by Perkins Engines, each of those ingredient whis 259, 193, 294, 295, 381.

382, 395, 396, 397. 515. 516 and S17. Drawn on Cltv cars, more than double the Here are the comparisons: of Wixom, Mich. kies and insurin? the final fine National Bank.

FRAUDULENT CHECKS' The engines, developed by ls Craig's crime respon Pnnfinr Trnmnfts Frd Division KOLE ERECTION SECURITY BANK. St. Louis. Missouri. Green color.

ESQ parent firm of F. Perkins, in England, is called the Per m. jLincolrt-Mereury Comoanv checks bear addres of sr. Louis, Missouri. eKinu convertibles, hardtops, wagons sibility.

His son William Jr. ls groomed to take his place. Craig now livesin Elgin, Morayshire, near two of the Thome distilleries. High School Business Study kins V8.510. It will be shown for the first time at a British industrial exhibition opening Friday in Tokyo.

Girysler Credit Total For Chrysler-Plymeurn Dodse Total Chrysler Chevrolet Buick Oldsmoblle Pontine Cadillac 1965 194 Sept. 1-10 Sept. it 34,314 34,179 6,10 4,159 40,430 40,338 14,162 12,021 9,643 23,823 VM2 44,01 19,492 10,755 1,282 10,574 7,685 14,007 9,329 2464 1,644 1,719 7l472 4,259 7J71 152,133 134,007 you get what you want when Promotes Three Fontiac Motor Division announced that it has launched a nrosram to promote the study you lease from Chrysler Credit Corp. of all phases of business announced Thursday the annointment of E. O.

Grote as Total Industry -rr vice presiaem-nnanc opeia students in mgn scnoois across the country. With its dealers, the division sent record albums on market tions. He was vice president-field operations' and will continue Treasury Report The cash position of the treasury July For Sale or Lease 3840 SQ. FT. OFFICE WITH 1740 SQ.

FT. WAREHOUSE Offic. Compl.t.ly Air Conditioned and luxuriously apDointd. Warehouse Heated Single Span Construction PRESTICI JAMES COUZENS CORNER VICINITY W. SEVEN Mill AND NORTHLAND Ampl Parking AvoHobl.

Wlffcia 30 Doyi For Iirform.fi.. Coil HARRY A. CRAIG, BROKER UN 1-2800 BR I-27SS ing technology and motivation with that responsibility. His new It is rated at 185 horsepower i and Is the largest engine de-vploped by Perkins and the company's first V-type unit. I Robert A.

Cumming, president of the Wixom firm, said the engine "reflects our confidence that the trend to bigger, faster commercial vehicles operating on streamlined highways' will continue indefinitely." The Michigan company is a major supplier of diesels for trucks, farm and Industrial machinery and boats. 16, 1965: Balance: De to a list of schools with chapters of the Distributive Education Clubs of America. posits: fiscal year: July 1: Withdrawals fiscal year: $28,. Total debt (x) $318,717, Gold assets: $13,856,538,542.21 Included $282,071,697.26 debt not Each album contains four re subject to statutory limit. duties Include the corporations commercial loan operations.

Kenneth M. Huddleson, controller since last October, and James R. Wood, manager-credit and development since June, were elected vice presidents in the same functions. cordings by W. Heartsill Wil LARD son.

a marketine communica CHICAGO-(AP)Ctiolc white grease tions specialist. was svw cents Thursday; bleach abl fancy follow 774i and white 021 of last week, but below the special tallow 6'-7. We dispose of your present car. We take back your car at the end of your lease period. We can provide insurance and maintenance.

1 HOUR 1 DAY? 1 WEEK 1 MONTH 1 YEAR WANTED e. MAIL TO: TURNER IEASIN CO. 41t E. CRANK BIRMINGHAM, MICH. I am interested in leasing.

At Turner Leasing we provide the personal car of your choice equipped the way you want it and at your own terms. Turner Leasing Co. DETROIT 564-4895 CANADIAN ASSOCIATION OF PURCHASING AGENTS 357 Bay Street, Toronto 1, Ontario offers an advanced management-oriented PROCUREMENT COURSE by correspondence October to May. FEE: Can. $135.

Minimum age 24. Matriculation required Closing date Sept. 30. Write for syllabus. FOR LEAS! OR SAL! EAST SIDE 1 Block Fro Expressway BUILDING 14,000 SQ.

FT. Ptrklni lit 120'120' Ntw Flr Boll.r Tnnlint Crant Man. Hail! 'wrr In M- wrllm far SoatMU.rl Air Hats tni Caaiprtsaar. Laraa Shinnlnt Daara off Strut. 10 yaar l.nant rnnta to laaw Martin Haw Vaeant.

CALL TU 2-5822 for AppoinfniMt NAME- Offic, service end warehouse taeilitioi for company consolidating operations in Datroii area. Will I. as. space renovated to suit or constructed to specifications. Should be in area bounded by James Couzens Freeway Seven Mile Road -Telegraph Road Eight Mile Road.

Total space required 7.00C sq. ft. with off-street parking, air conditioned, 3,500 sq. ft. service and warehouse, truck high loading, 3,500 sq.

ft. private offices, general office, toilets, conference, etc. Please submit written proposals including location, annual rental and other particulars. ROCKWELL MANUFACTURING CO. Rockwell Building, Pittsburgh, Pennsylvania 15201 STREET.

CITY ZIP SUBURBS 4-7500 ATTENTION! C. D. SCOTT.