Detroit Free Press from Detroit, Michigan • Page 30

DETROIT FREE PRESS HO Thursday, Feb. 19, '59 TODAY BUSINESS BRIEFS WORLD Cemetery Men Meet In Detroit i i' IN BUSINESS ToS OF WHEELS iirvev FRB L-2 U.S. Ad Impact Of Papers A huge research program aimed at strengthening th competitive position of the American newspaper in the advertising field waa announced Wednesday by the newsprint industry. Only about two out of five of the 16,000 persons who die in Detroit each year have arranged beforehand with the cemetery they choose for their final resting place, a cemetery official said Wednesday in Detroit John Westfield, president of the Arborcrest Cemetery In Ann Arbor, here to attend the 14th Cemetery Management Institute at the Statler-Hilton i ,0 tfh I '') 1 Lives with Dilemmas Small Cars Big Threat? The project will measure the Hotel, said members of the In stitute hope to increase this percentage considerably. Actually, Westfield declared, buvme a rrave, a lot or a BY KENNETH A.

THOMPSON FrM Press Business Writ Pity the poor Federal Reserve System. Only dilemmas are its current lot. Credit is almost as tight now as it was during the business peak of 1957, while inflation is anticipated in the stock and bond markets. Unemployment still disquietingly high, yet a new high in personal income has family plot in advance is akin to buying insurance. BY FRED OLMSTED Free Fmi Automotive Editor In the General Motorg Corp.

annual report Wednesday, there was mention of continued studies of the small car market, but, of course, studious avoidance of how far GM is committed. But Board Chairman Frederic G. Donner and President John F. Gordon indicated GM's Ir MOST FAMILIES, said Westfield, who also is vice president of the Michigan Cemetery Association, the husband and wife hope to be buried in the same plot. imp ict of newspaper advertising on the American consumer, and will be underwritten by the rint Information Committee, a group of Canadian firms supplying most of the newsprint used to print U.

3. daily and weekly newspapers. Help will be provided by the Bureau of Advertising of the American Newspaper Publishers Association. The 711th S. S.

Kresge Co. store will open Thursday In Dearborn's Westborn Shopping Center, Michigan and Outer Drive. Kresge stores are now located in 28 states, the District of Columbia and six Canadian provinces. The company expects to complete 30 more units during 1959. Robert S.

McNamara, vice I HAVE A FEELING I'M SCRAPING OFF THE AND LEAVING THE ICE IN THE WONDERFUL world of tomorrow, this Is what teachers' desks may look like, the American Seating of Grand Rapids, says. It's called an Electronic Teaching Center, and Connie Eikenhaut is showing how.it works. It contains disappearing 21-lnch TV receiver for -closed-circuit or direct telecast, controls to close draperies and turn off classroom lights, a tape recording system and other Innovations. Interest in such a market if it holds promise of being "permanent and profitable." Industry consensus is that it's getting a bit late for GM (or Its Big Three competitors) to put the The best way to Insure such an arangement," he said, "is to purchase the necessary space before an emergency arrive. "It's a delicate and difficult program to sell burial space before it Is needed.

Strangely, most people feel It is a problem they will not have to face. We try to persuade them that they must face it, and should do so now." Cemetery officials attending SALE or LEASE PEOPLE AND JOBS 27,000 Sq. Ft. Changes East Sds location. Ideal for retail-I inq.

offices, or manufscturinq. Newly decorated, building with freight ele-S vstor, truck entrance, oil heat and liaht Ready for immediate the Institute agree that burial president-group executive car and truck divisions, Ford Motor space is becoming critical In this country. Some of them predict that the time may not be occupancy. Will tell or lasts on most Donald K. Peterson has been favorable tertm.

Brokers protected. promoted to head the sale of A- s.dfr chemicals for Dow Chemical WO 5-5666 been set. These contradicting elements face the Federal Reserve Board and it is expected to settle them by courageous actions. It is expected to unloosen credit and spur recovery, and at the same keep a firm hand on the factors of inflation. Unemployment moved up to 6 per cent in January and at the same time the Stock Market moves up toward its all-time high.

Long-term interest rates meanwhile are putting a squeeze on construction money and higher FHA and VA rates are in prospect. The recovery's pace Is slowing, due partly to the weather. It's FRB's duty to act to erase all these ills at one or; two strokes. a Burroughs Corp Nears Payoff Burroughs Corp. has been working hard for two years developing new electronic machines and computers for business paper work and especially for banks.

In the latter field, it was a little behind competing makers. The payoff, it looks, will come this year, for in its financial report for 1958 it said it had almost nine months of unfilled orders, mostly for the new products. These include bank accounting machines, bank proof machines and computers, as well as its Atlas and SAGE guidance and transmitting computers. While 1958 revenne (worldwide) of 294 million dollars topped 1957 sales by 11 million, net earnings fell nearly 4 millions behind. The 1958 total waa $6,407,934 vs.

$10,074,594, la 1957. The decline in profits waa attributed mainly to "heavy costs in development, engineering, production and marketing" on the Consolidation of the marketing', media and research functions and the reassignment of xecutivs personnel to lmple- has been named to the board of judges choosing recipients of the McKinsey Awards. Through a grant from the too distant when one grave may serve two or three bodies a practice followed in some states for more than 100 years and in most European countries for Eugeae J. Quackenhush, who was promoted to manager of the Detroit office. SALESMAN centuries.

IPII v7)rfQft. 'MX-Wfy tl I 4 1 brakes on the smaller car program. But, of course, it is possible. GM proved that 10 years ago when it Junked plans for the Chevrolet Cadet and shipped the whole project to Australia to become the Holden, SO YOU CAN still write your own ticket on the added entries in the smaller car field. There may even be a long-shot chance you could be right if you say they won't appear.

Perhaps this behind the thinking reported by the Petersen Publishing Co. after a survey of import dealers in Los Angeles, hot-bed of foreign car aficionados. "The Big Three smaller cars won't bother us a bit," said Sam Weill, regional manager in Los Angeles for the distributor of Volkswagen and Porsche. The trade magazine publishers polled half a dozen other import distributors and wound up with the conclusion that if anybody loses sales when the Big Three smaller entries arrive, it won't be the imports. At least, the distributors declared, it won't be the strong Import' lines.

"The Detroit Big Three cars will take sales away from the Three," said Raymond Stenning, sales manager for Rootes Motors, McKinsey Foundation for Management Research, the author of the best article published in the Harvard Business Review in 1959 will receive 51,000 and the author of the second best article chosen by the judges will receive $500. Frank Swanson, president of the Swanson Manufacturing r- mf Of OWOSSO, Stock Exchange member firm has opening in Mutual Fund Dept. The fastest growing segment ef the investment business. For the retired or semi-retired individual witn prior selling experience, this could be ideal part-time employment. Training program and leads supplied, generous commission arrangement.

Store qualifications fa dated Box 1287 DETROIT FREE PRESS, SI SUREST WAY OF GETTING 6 ON YOUR MONEY AND YOUR MONEY BACK Buy 6 3-5-7-yra. First Real Estate Mortgages Owner Occupied homes worth 3 to 4 times the mortgage. All have Title Insurance and monthly repayment. GRISWOLD MORTGAGE CO. 421 PorsJ Bldej.

WO J-7280 I Britton Ileckenkamp Bad Checks On Thursday, when the weekend rush of paycheck-cashing starts in the Detroit area, the Free Press prints each week the list of stolen and fictitious checks which may make their appearance. This is a service to shopkeepers, bar owners and other businessmen called on to cash checks. STOLEN inn.ir iimKjsy.iiijjii.i, i I prod of kitchen range hoods, has an-n his purchase of the Marlin Fi r-glass Boat lOae dear FREI PARKINS for customers, 154 W. Loreed BBS astasia. new products.

Its backlog of 220 millions is only half for its military products, the company said. emaii INSURED TO S10.00Q it a aLS LiL Boca Raton, Florida. A 1 though Swanson did Accounts opened before 10th' Swanson urn Le Campbell ef month care from 1st NO CHARSI for eer SERVICE Industrial Chemical Product Kcllrvnet frvo cherka. no. 1.419 to I.

drawn on Detroit Bonk a Trust Gratiot A Mack branch. Uremics Fence Supply S19 W. 8 Mile; hole rheek. noa. 10.IM7 to 10.878.

drawn on Manufacturer's National Bank. Revea office. Check protector ased. Tax til a Industries, SI 01 Loraioet hlne btisinese checks, noa. to 6,230.

draws on tllr Bank, mntn branch. Check protector ttsed. Honriifie4 Blon'f orders; Nos. AS B.H5.4IMJ to rStiVotm, A 75.17 1 to AH 7S2.2O0 and AS to 8UR.4MV American Express money order: V'ns. II, MM1.1S J.200 to (L SOO.ltVi.-;79.

CL MM1.15S.3IIO to ftOO.l ment the nevr structure has been announced by Ernest A. thi R. F. CAMPEAU co. 1 Jonee, president of MacManus, Please ssmd free beekM ee lesared Sovtaoa John A Adams, national advertising agency.

not disclose the price paid, he said it was accomplished through an outright purchase of all outstanding stock. Robert Swanson, sale manager for the Owosso firm, will serve in the same capacity for the Marlin company. The Greater Detroit Jewelers Association his elected Bud name 21 Penotscot IIUi. 23E8 Mbott DDR" WO 1 335 Ana Artior, Hid. CITY natron in it I.

IWWI.Ifil.fton to CI. MtO.16l.AAt and he to iik Try. distributors of Hillman and Sunbeam. But Robert E. Petersen, president of the publishing company, was a little more conservative.

Petersen said he thought the survey dispelled doubts about the future of the imports. But he added: "Detroit's smaller cars will take a major position In this new market (a bigger total market in an expanding ecomony)." And these cars, he added, will be "filling a need that has been evident for some time." Extend Sports Car Show Because of bad weather in the last 10 days, the sports car show currently at the Henry Ford Museum has been extended through Sunday, March 1, Chairman Alan R. Symonds announced Wednesday. The show was due to end this Sunday. Jonee named Vice President Robert E.

Britton, who Joined the agency a year ago, as executive director of the Marketing-Media-Research Department. To assist Britton, Jones made the followrlng appointments: Robert J. Heckenkamp as media director-automotive and supervisor of media administration; Kenyon M. Leo as media director commercial products and supervisor of media strategy; and Charles XV. Campbell as media director consumer products and supervisor of broadcast media.

Earnings Elect rio Autolite year ended Dec. 31: net income 52,637,659, or $1.68 a share, compared with $7,556,944, or $4.72 a share, during same period a year ago. I ft i I Gerson, president, and Edward J. Gehringer, first vice president for 1959. Other officers are: Louis Or-man, second vice president; Leonard Tigay, secretary, and William Bluford, treasurer.

Mortgage loans at First Federal Savings of Detroit increased approximately 50 per Sales $168,904,880 vs. 870 last year. Another Sl' Possibility Abraham M. Sonnabend, New York hotel financier and promoter and chairman of Studebaker-Packard Corp's acquisition committee, has mentioned at least three possible company purchases for S-P in recent months, but none has panned out. Tuesday in a talk to a group of students at Columbia University Graduate School of Business, he mentioned a fourth possibility Divro-Wayne Co.

of Detroit and Fort Wayne, which makes school buses, delivery trucks, ambulances and missile parts. Wednesday in Detroit, Newton Olekel, Divco-Wayne president, who flew In long enough for the company's annual meeting of stockholders at offices at 22000 Hoover, said negotiations were underway but that "at this stage of the game we're not close enough to indicate a merger." On the market, Divco shares went up $1. He also said the company's business was flourishing. For three months ended Jan. 31 its net earnings were $195,000, or about 140 per cent ahead of last year's similar period.

He said sales for the full year would reach about 24 millions, 30 per cent ahead of last year. They Helped Create Electra American Airlines, which will put an Electra flagship in Detroit-New York service dH hour flight time) Saturday, is attempting to soften the memory of the Electra which went down In the East River at LaQuardia Airport two weeks ago. It points out that a half dozen Detroit-area firms and many of their employes have helped create the Electra. General Motors, it says, makes the turbine engines for the turbine-prop plane; Aero-quip Jackson, makes the hydraulic nose, and Brooks and Perkins, Detroit, the nose spinners. Other suppliers are Huck Manufacturing, Vickers, Kelsey Hayes, Enterprise Tool Gear, Bendix Aviation and Moynahan Bronze, of Flat Rock.

FOR LEASE 54,000 SQ. FT. trick end steel beltdtss, eos keel, double truck weX, elr aoaditioned erf'icas, oxesllent off stresf parking. Msol for eVributor Igbt onufoctwring. A.

0. laweres WO 1-OJJI liOfAER VARDEII COMPANY 00 Dime lt. Detroit JS, Mlchigee WOorfware 14321 cent during January over the same month a year ago. Hans Gehrke, president, said 392 mortgage loans were completed last month for a total of $5,470,132, compared with 231 loans for a total of $3,651,000 for January a year ago. Allied Product year: net loss $653,351 vs.

net income $1,063,388, or $1.42 a share, last year. Higbie Mfg. 6 months ended Jan. 31: net income $211,111, or 75 cents a share, compared with $140,937, or 50 cents a share, last year. Sales $3,362,651 vs.

$3,252,103 a year ago. Kellogg Co. quarterly of 25 cents a common share, payable The Chesapeake and Ohio Railway has announced the appointment of Richard C. Mason freight service representative with headquarters in Detroit. Divco Shous Bantam Bus A new bantam bus for 12 to 25 passengers was introduced by the Divco Wayne Corp.

at the American Association cf School Administrators meeting in Atlantic City. The bus is shorter, lower and about a foot narrower than comparable units. Raymond Miller, vice president-sales and marketing, said the new bus is expected to meet the needs of many small-group transportation units, such as schools. Arthur A. Merchant, of Union I Mar.

16 to record of Feb. 27. "City, was elected president of fhe Michigan Retail Hardware Association at its 65th annual "STCE mm HERE. THE Dividends convention in the statier-Hiiton Around the Industry Other officers: Wendell Neel-ands, of Clio, vice president, and Harold W. Schumacher, of Lansing, manager-treasurer.

Elected to the board of di- Mercedes-Benz sales in January were 12 per cent above December and 121 per cent higher than in January, 1958. Progress: Automotive Service Digest figures the aluminum engine is near enough to start talking about its maintenance and repair. International Breweries quarterly of 25 cents a common share, payable March 16 to March 2. Allied Products no action on Mar. 31 quarter.

Turn to Page 32, Column Produce Market Grain Pit Livestocli I ft- TSDA HOGS Salable 400. Brit ind Federal-State Market Newa Serrloe The following prices per doaen were oaid, f.o.b. I troit bT firat receivere IPMn inclnded) for case lota of federal-state rraled ecrri from rradlna station" Wednesday. WHITE KvKiS IT Oracle A. ex- sows steadv: mixed No.

2 and 3 180-230 lb. butchere mixed No. land. 2 190-230 lb. sr-ihts l5.Pj-iB no straight lots No.

1: No. 2 and 3 230-300 lh Siiihr 25: mixed trades iowt 300-400 lb, J13 No. 2 and 3 Already the finer living of A.D. 2000 is taking shape in the research laboratories of America's chemical industry. The chemical industry is one of America's fastest-growing giants.

It now ranks fourth in total assets among major industries, and new assets are being added at the rata of one billion dollars a year. The industry's output is basic to the nation's economy and defense. Chemicals and chemical products now make vital contributions to almost every field of human activity from agriculture and atomic energy to pharmaceuticals and plastics. Better health better living follow. Johnson Higgins helps many prominent chemical companies with their insurance problems.

Our size, facilities and special knowledge of the industry make us uniquely qualified to provide every insurance service for laboratory and plant, today and tomorrow. 4UO-nn lb. J12.O0-12 75. CATTLE Salable 350. Trade slow on the stinplv of enod rrade and down: choice strs scarce, weak to mostlv CHICAGO (AP Rye tnJ old cron whiia utures were the only rrains to attract more than meater volume of dealtnrs Wednesday on the Board of Trade but at the clone only rye had any sains of congruence.

March wheat, at one time no a cent a bushel, skidded ramdlv ehnrtlv before the finish and ended the day with a lo. Corn and oata held ateadr to weak in a alow trade and aoybeane ateadr to firm. At the cloee. wheat waa 4 centa a bushel lower to his-her. March 9814 Corn unchained to lower.

March oM tvte contract SI. IS '4. Onu 4 hither to 14 lower. March i Rve cent hirher. March $138.

Sovbeane unchanged to hiarher. March Rature of futures: Wheat Onen Hfrh Iw Clone rents lower: cows active, steadv: bulls steadv: load choice 1.21S lb. sters $28.25: scattcrmsr ood to low choice steers S24.fi0-37.00- few lots low choice steors S2fi tra larre 42. larre 40. medium 38.

small 32 S. Grade B. lante 36. check 29. The followmr prices were paid .0 h.

Detroit bT first re-eivera teases included for case lots of commercially arad -d errs: WPITKS Grade A lnmbo 39. extra laree 38-07. large 30-37. medium 34-35 BKOWKS Grade A. Inmho 39.

extra 1 tree 35'4-3H larre 35. medium 34. Grade B. larre 33. Checks 28 EXTRAS (minimum 60 A anility) Whites, larae 33-34.

medium 33. Browr larre 33-34 medium 83. Market barely steady. Trade continues relatively slow, Snnplies amnle to fully amoi with aome accumulations noted mostly on larre sixes. Quality of receipts renerallv rood.

LIVE POULTRY Pricee paid per ob. Detroit for No. 1 duality mosi rooo sieers JH.MI-zn 60: few standard steers 0. nC.r RO. niiMt steers $20 seatterinr ntilitv and standard heifers $22 utilitv cows SI 8.60-1 9 50.

few tin to $2000: cannere and cutters 815.00- March l.Pi 1 98 A l.ftsU 18.50. Ma SI lJjisM Mmv VEALXHS Kalshlx KO VUn weak to $1 lower- choice and nrime SeiJt. Dec. i.HSli 1.9S l.P7 I.PS14 J.85T4 J.SSV. 1.R5H 1.82A 1.0XU, 1.92 (old) 1 15H 1.15V4 1.15t4 1.15U cnewl indivtdilsl Tirim VM-lif-m wj Lorn $18 50: March 88.00: cull and utilitv 16.00- no-; 0.

00. ora ud to jo a.m. Wednesday; Hns. heavy tyoe 23-24. lirht type 12-13.

March 1.15 1.154 1154 1.154 init T.AMT19 S.1.K1. KAO SHEEP Ma WHAT IS CANADA'S LEADING MINERAL EXPORT? Broilers or Irvers. heavy tvne. 3-4 lu l.lfi'A 1.17 1.16i 1.17 1.174 1.174 1.17H 1.17H lieu. 1.154 1.15 1.1314 1.134 1.13 1.13 cnt.

Slaughter lambs steadv to 25 cents lower: slaughter sheen scarce, steadv: three loads choice shorn lambs No. 1 ielis cnll in choice lbs. whites 21. barred rocks 26-27. Caponettes.

under 6 lbs 22. over 6 lbs 25-28. Diicklinrs 30. Turkeys. Ma ru Ma heavy type, hens 28: small type, torn a 11- Wlillixl slantrhter ewes minted 00.

Estimates for Tburedav Tattle 200. calvee 25. hoes 250. sheen 100. Market ouiet Sunnlics of hens lirht .5 .61 7i .61 'A .61 4 .614 .62 IT T4 .621 and barely ample.

Fryers about ample to present needs. Caponettes plen Nickel, with over $248 million in 1957. When it cornea to fine whisky exports, Royal Canadian, famous since 1859, leads the market for quality and flavor. It is one of Canada's best liked Sent. re-Ma re b.

Mav 1.37 1.384 1.364 1.38 1. '4 1.34 1.33 4 1.34U 1.2ft 74 1 51 V. Tonii Julv Sent. 1.2014 I.2I14 1.2014 tiful to the very slow demand, nir-kevs In lirtit sunnlv and lirht demand. BUTTER Pricei to retailprs.

parchment wrapped- Grade AA (93 score) lb. 70-7l. Grade A (82 score) lb 66-60. 1 lb 64-64. Grade (90 core 1 lb 65-68.

Market steady Supplies nlentlfnl FLOUR MINNEAPOLIS (API Flour in 100 lb. cotton sacks: Familv patents unchanged 7.O0: standard patents unchanged. 5.45: shipments 44.640: standard bran unchanged. 42. 50: standard middlings unchamred.

42.50: red doy unchanged. 49.00. whiskies. Tip: Invest in a bottle todayl March 22 2 52 2 22 3.21 2.22 2.214 to the fair, rerular. distributive de f9V4 2.0914 1.08 mand.

JUlT Scot. Nov. Lars March May Sealed bids for SECOND FLOOR ALTERATIONS FOR INSTALLATION OF Johnson Higgins MICHIGAN 1 INSURANCE FOR COMMERCE AND IXDUSTRT EMPLOYES BENEFIT FLAN CONSULTANTS NATIONAL BANK BLDG. DETROIT 26 York Chicago San Francisco Los Angela Detroit Cleveland Philadelphia Pittsburgh Buffalo Seattle Wilmington Minneapolis Atlanta Vancouver Winnipeg Montreal Toronto London Havana Rio dt Janeiro S2t Paulo Curitiba Caracas Maracaibo Puerto La Crut anima) fl.22 9.23 955 fl.2? 945 945 0.45 Rotfal tanadion Bank Stocks Jul loud tanawan Sept. 75 9.76 970 9.7 ranc-e at other nrlnciruil heat SORTING EQUIPMENT AT U.S.

POST OFFICE (ARMORY BUILDING) DETROIT. MICHIGAN will be received until 2:00 P.M., C.S.T.. MARCH 2. 1959, in Room 575. U.S.

Courthouse, Chicago 4, Illinois, and then publicly opened in Room 675. Information concerning bidding; documents may be ob WEDNESDAY mar tee la wenneeaaTr Hleh Low Clone Ft CJ M'tiolia 2.104 2,09 i 2.10 2.08 Kan. C. 192 1.91 191 1.91 An.Dlv. Bli Asked trrn uity Bans 27 30 Bk of Commwltb.

6.00 157 170 Det Bk A Trst Co. 2.00 52.3 55 tained from (a) General Services Ad IMFORTID CANADIAN WHISKY T.ARR MftrsNatBk 1.80 44.8 46.8 ministration. Region 6. 675 U.S. Court- CHICAGO (AP) Cah laM waa UK OI Det Z.00 62 bouse, Chicasro 4, Illinois; (b) Custodian iCnmnitMl from sonrs lh FrM pound Wednesday mm tmnwi whisht-h noof-m.

i w. tratro, or tne buildinc project. Kreas considers reliable. 1 For.Good,Good Food? Fast, Coiiiteous' Service CONVENTIONS A BANQUETS. SALES MEETINGS GROUP LUNCHEONS 1 DINNER PARTIES PHONO WO 2-2300 -V A A I I set (H AasstsssMsAaaasAssassssVettW- A jfc.sij a A est askseawA.

sss 1T.