Detroit Free Press from Detroit, Michigan • Page 23

DETKOIT FRCE 1'KiJoS Sunday. April 10, "60 H-f BUSINESS LOANS H.OOO to Individual Partnerships Family of 12 Puts Pizza on Ice Uncle Tony, Ex-GI, and Relatives Run Pizzeria and Frozen Plant aerations. Secured by 1st mr 2nd Real Estate Mortqaqe plus chattels. Money 2 te 4 days GRISWOLD MORTGAGE CO. 423 Ford Bldg.

WO 3-7280 A LOOK INTO FUTURE 35,000 Due At Tool Show More than 900 pieces of metalworking equipment will be shown for the first time in exhibits at the Detroit Artillery Armory from April 21 to 28 when 35,000 manufacturing executives, managers, supervisors and engineers assemble in Detroit for the 28th annual Engineering Conference and Tool Show sponsored by the American Society of Tool and Manufacturing Engineers. In addition to the new products, more than 13 million SALE or LEASE 7 HOOVER ROAD NORTH OF 8 MILE 42.500 sq. high Crant up to 20 ton. Loaded with powtr, 4 cri. Off ie.

Modern building. Excellent condition. HUBBARD ASSOCIATES 902 Ford luillT.nr WO 2 6310 day in a plant with a capacity of 5,000 a day. Anthony; his wife, Theresa; two brothers, Dominick and Rauph; two sisters, Mrs. Katherine McSpadden and Mrs.

Rose Hoppe; four nephews, Donald and William Pellegrino, Thomas Brash and Richard Faes; and threo cousins, Mrs. Quentine Con-aetatino, Mrs. Florence Mor-ell and Dennis Constatino, expect to reach full capacity before the end of the year. The Pontiac plant is the big money-maker for the organization, accounting for $250,000 a year In sale, according to Anthony. Most of the nine- inch frozen pizzas, weighing 12 ounces, go to supermarkets in the Detroit area, although Anthony's energetic salesmanship has opened the door for their acceptance in several Michigan high schools and colleges.

"SAMPLE voting at educational Institutions on food preferences traditionally show hamburgers and hot dogs as the students' preference," Anthony stated. BT JAMES RAXSOM Free Press industry Staff Pellegrino Enterprises, consist of a thriving pizzeria and spaghetti house in Livonia and a frozen pizza pie plant in Pontiac owned and operated by a dozen close relatives of Anthony Pellegrrlno, president. The success of the operation Is largely duo to the hard work of the "almost all family" personnel of the organization. "Ours Is not a business of relatives holding soft Jobs because of their relationship," Anthony says with pride. "All of us started at the bottom washing dishes and sweeping floors until we were ready for advancement." ANTHONY started In the restaurant business 13 years ago in Dearborn after a hitch in the Navy where he learned cooking.

The restaurant phase of Enterprises, later was transferred to its present location at "Pizza pies now are running near the top closs on the heels of the all-time favorites." Pellegrino Enterprises, Inc, has been authorized to supply 8,000 pizza pies a week to the U.S. Army's Fort Myer, located In Washington, D.C. "We are hopeful of shipping our frozen pies to bases overseas In the near future," Anthony said. The company sells thousands of frozen shrimp, tuna and other seafood pizza pies during the Lenten period. ANTHONY points out that anyone in the pizza pie business would starve if they depended solely on Italian business even though the product and name originated in Italy hundreds of years ago.

"We can always tell our Italian customers either at the restaurant or the plant," Anthony says with a smile. "An Italian can and will always tell us how we can make a better sauce for the pizzas." dollars' worth of equipment will be displayed by 530 exhibitors at the conference. Dr. Abe Silversteln, director of the Office of Space Flight Development, National Aeronautics and Space Administration, will give the keynote address at the opening day luncheon session. Harry E.

Conrad, executive secretary of the society, said the- eight-day conference has been designed so that manufacturing men can get the complete picture of future trends and latest developments. DISCUSSIONS TO BE HELD at the Armory and Sheraton-Cadillac and Statler Hilton Hotels will range from the role engineers play in medicine, tooling for the handicapped, and the engineer In rehabilitation, to radiation and the tool engineer, valve cutting and communications. The society will hold an honor awards banquet at the Sheraton-Cadillao April 23 at which the ASTME Progress Award, the Joseph A. Slegel Memorial Award, the ASTME Gold Medal, the ASTME Engineering Citation and the ASTME Research Medal will be given to members who have made significant contributions In the field of tool and manufacturing engineering. Serving on the society's honorary host committee will be M.

-P. Ferguson, president of Bendix Aviation Henry Ford president of Ford Motor John F. Gordon, president of General Motors L. L. Colbert, president of Chrysler Corp.

and George Romney, president of American Motors Corp. President Tony Pellegrino flips a pizza while nephew Tom stuffs a fresh crnst. I TMAKES YOU AN OWNER IN 1 IM AMERICAN BUSINESS THROUGH i Corporations, Institutional, ind Pw- fl Middlebelt and Joy, Livonia. Unlimited possibilities of frozen pizza pies resulted in the acquisition of a plant at 984 Joslyn, Pontiac, last November' a move that has put Pellegrino Enterprises, into the big business bracket and one of the largest makers of frozen pizza pies in the state. IT CURRENTLY is turning out 2,000 pizza pies a true Information kit hew te Invnt In Mutual Finds.

PEOPLE JOBS Dividends First National Credit Bureau ADVANCED STUDY AT M.I.T Four Sloan Felloivs From Detroit Area 4 TODAY IN BUSINESS Stock WORLD OF WHEELS Time AMC Unit Appoints Sales Aide quarterly of 10 cents a common share, payable May 1 to record of April 20. Fruehauf Trailer quarterly! of $1 a 4 per cent preferred share, payable June 1 to record i of May 16. mil Pi ml 1 Si HUB Four of the 44 young business executives selected to receive a one-year Alfred P. Sloan Fellowship for advanced study at Massachusetts Institute of Technology are from Promotion of Fred W. Adams Associated Truck Lines, Inc.

17Va cents a common class A share, payable May 18 to record of May 2i to sales manager of the Auto motive Sales Division of Amer ican Motors Corp. has been an mm nounced by Roy Abernethy, To Clean Car, Too Brokerages Go Speedy vice president of automotive LARGE distribution and marketing. Abernathy said the appoint ment is part of a series of I or SMALL- sales expansion Lett FOR LEASE 46.000 SC FT. M.500 PER MO. Zod HM.

Power wired. Bus duets. Roll Available. Nice Office. Large Parking Let.

Brochure on Request. JAMES B. GRANT SELDON co, REALTORS 300 Penobscot Detroit 24 WO 1-7800 Lelll the Detroit area. They are: Dr. Philip W.

Lett, chief engineer-Defense Engineering, Chrysler Donald H. Henslck, depot operations manager for the Tractor and Implement Motor Joseph L. Lelli, of the Fisher Body Division, an assistant en-gtrteer-in-charge in the Experimental and Development Department at the Warren Engineering Center; Stuart M. Frey, supervisor, package section, advanced car package development department. Product Engineering Office, Ford Division.

BY KENNETH A. THOMPSON BY FKED OL3ISTED SUITES steps designed to meet rising Rambler volume. Adams Joined the company in January, 1955, and for past four years has been direc space p83 FrM Pru Automotive Editor Spring cleaning and refurbishing Is not only a household matter. Experts say It should extend to your automobile. The experts Include United Motors Servic IMvislon of General Motors and the American Petroleum Institute.

It has been a hard winter (at least the windup) and that can be hard on your car. Walter Fortney, general service manager of United Motors, says, for example, that higrher current Hensick Frey Immediately JlvallabJa Overlooking Detroit'i New Civie Center Fluorescent lighting end Excellent Natural light Throughout Modern, Spacious Suites, Custom-Engineered to Your layout Inexpensive Parking Nearby Excellent Building Maintenance Reasonable Hates years old, are "exceptionally able executives whose employ MIT OFFICIALS said the Fellows, all between 30 and 39 ers nominated them for admls tor of advertis- Adams ing and merchandising. He will continue to be responsible for those activities. In addition, his new duties will Include management of field sales, dealer development and retail manpower development. sion to the program because ADVERTISEMENT At a vry substantial saving.

Modern AC Executive General Offices. Suitable for advertising, accountants, insurance, financial or similar organizations. Call Harry Stanwick LEONARD P. REAUME CO. flow In cold 1 V-Bji William F.

Humphrey, of sales, has announced the appointment of Robert M. Piirdv as sales manager of weather may have damaged your distributor points. Spark plugs tend to accumulate deposits in slow winter driving and may "4 cleaning and regappinr, HOW I TALKED MYSELF INTO $14,000 By a Wall Street Journal Subscriber they showed marked promise of growth for major executive responsibilities." Their year of study at MIT, starting June 18, will consist of a program of special courses In economics and industrial management with senior members of the school's faculty. It will be supplemented by a program of field visits and management seminars in which the Sloan Fellows meet outstanding business and government leaders. FrM Press Business Writer The whole character of the Stock Market has changed considerably in 30 years and stock brokering the buying and selling of stocks for the public with it.

Today brokerages are far more than a stock ticker, a telephone and three clerks struggling to keep customer accounts up to date. They are big businesses with complicated teletype systems and computers handling thousands of transactions a day. "In the five-million-share days of the Great Bull Market of the Twenties, our armies of clerks fell three to four weeks behind in their bookkeeping, even though they worked around the clock," Detroit brokers recall. "Today, threvmIllion-share days are commonplace and we have the day's accounts billed and balanced with little overtime." Even at present levels, Detroit brokerage houses have a way to go for complete automation but electronics and advanced accounting system are carrying them forward rapidly. No customer, as frequently happened in the Twenties, suffers loss because an order hasn't been executed; today confirmations of buys and sells are mailed to customers only hours after the trading.

Efficient teletype circuits transmit orders almost instantly and they are executed on exchanges within a few minutes. AMONG Detroit brokerages, Watling, Ler-chen Co. is leading the electronic parade. It is the first to put its accounting department under a complete IBM system. Chas.

A. Parcells serving all Detroit brokers in odd-lot trading, pre-punches cards and has an IBM service center compute and balance the complicated accounts. Wm. A. Roney Co.

and others currently have their operations under study and expect to take steps shortly toward mechanization Chrysler Marine and Industrial Engine Division. For the past 10 years Purdy has been with Long Manufacturing and De MDU SHOULDN'T ASK 0AO TO CIVE UP HIS SUNDAY TO DRIVE VOUGiPLS BACK TO SCHOOL troit Gear Divisions, Borg-Warner as service manager and assistant sales manager. Two appointments have been CO-OP APARTMENTS FOR SALE Rouge Valley Co-operative. Now tar the Hrsf time well located co-operative at the best prices in town and 2 bedroom Units for only $10,900 end $12,900. Located or Lahsar Road lust South of Schoolcraft and Outer Drive alongside the Rouge Valley Basin.

Low service cost of only $34.50 S39.50 per month including everything. A freedom seldom available In ether types of housing. Furnished model open dally cwd Sunday 7 to P.M. Your presehf home will be accepted in trade. SEEING THESE IS A MUST CALL OR COME IN TODAY.

ALGER F. QUAST CO. 19124 GRAND RIVER KB B-2000 announced by Russell L. Nor-ris, comptroller, Pontiac Motor Detroit Exch. replacement.

Cables and wiring should be checked for fraying, corrosion and wear. THE BATTERY, subjected to high winter loads, may be overcharging and thus the voltage regulator should be checked. The carburetor should be cleaned, says Fortney, and fuel pump operation checked and gasoline filters cleaned or replaced. Tou ought to have the air filters looked after and perhaps replaced, too. Fortney recommends also that the thermo WEEK ENDINO APRIL I 1960 Low Closa Sales High 1106 A Wrlglev Stores 14 4 14.5 146 855 Allen Elec Eaulo 3.4 3.5 3.6 1160 Amer Metal Prod 22.5 380 Aluminum Ltd 31.5 883 Burroughs Corporation 33.6 1115 Cons Paper Company 13.5 Division of General Motors Corp.

Kenneth F. Hardy was named assistant comptroller, succeeding Enoch Eley, who has been appointed comptroller of GM's Diesel Equipment Division at Grand Rapids. Hardy, who Joined GM in 1935, has been director of the savings and suplemental benefits section of the GM financial staff since January, 1957. Frank V. Elliott has been 5 consumers Pw, com 55.2 275 celanese 706 Detroit Edison Co 22 4 31.5 33.5 13.5 55.2 27.7 41.6 10 19.2 4.5 35.4 18 30.

3 26 6 5 4 ANNOUNCEMENT Glasrcck Products, Inc. Atlanta, Ga. Factory representative be in Detroit April II, 12, 13. Thermal shock proof refractory and foam insulation made of pure fused silica. Quench in air or water at 2000T: Unexcelled for fast cycling.

Cast in any shape and size. Induction crucibles, tubes, stalks, vessels for molten aluminum. Hearths, walls, doors liners for furnaces. Brazing fixtures, cement, expanded silica grain, surface wash. Please call Detroit phone WO 3-7130.

Our Mr. S. F. Henry will phone you for 209 Detroit Gasket Mtg 992 Detroit Steel Corp 300 Economy Baler 361 Ex-Cell-O Corp 200 Foremost Dairies 664 Fed-Mogul-Bow Bros 964 Fruehauf Trailer 27.7 41.6 10 19 I 4 5 35.4 18 30.3 27 5 5 2.7 2 4 82.4 5.5 316 250 Gar Wood Industries 650 Goebel Brewing made general supervisor of 470 Graham Paige, rom 593 Gen Tel A Elect 200 Hastings Mfg 300 Hoskins Mfg costs, budgets and pricing operations. He Joined GM in 1945 and has been a supervisor 1285 Hurd Lock Mtg Co 10.2 22.4 31.5 33.4 13.4 55 27.7 41.1 10 18 4 4.5 35.4 18 30.3 26.3 5.4 2 6 2 4 82.4 5 5 32 4 8.3 41.7 4 30 4 5 10.1 6 7 3 7 16.3 40.6 37.5 23.1 36.1 10 4 23.2 18 4 3.7 146 17 17.2 47.1 WANTED YOUNG MAN as Assistant Office Manager Small Loan Company Write Box 1442 Free Press, 31 giving qualifications and experience of bookkeeping and accounting.

Brokerage houses, In Detroit as elsewhere, trade millions of dollars worth of securities a year. Many underwrite new issues and trade in bonds and commodities for customers. But their bread and butter is commissions and interest on customers' margin accounts. An average local house has 5,000 to 20,000 accounts. The modern secret of success is immediate and complete processing of transactions.

FIRMS with chains of offices covering major cities, some extending coast to coast, have installed networks of leased wires, automatic switching and overflow equipment and central magnetic tape and computer centers. The two Detroit offices of Merrill Lynch, Pierce, Fenner Smith, largest national 26 2.4 82 4 5.5 34.6 9.7 41.7 4 31.4 5 10.1 7.1 3.7 16.4 43.3 37.5 23.1 36.1 10 6 23.2 18.4 4.4 15 17 17.2 47.7 In meetings with business associates and customers I used to be the silent one. I used to "clam up" when the talk turned to politics or economics. All I could talk about was sports. Then I started reading The Wall Street Journal.

It gare me an understanding of what goes on in the world. I learned about the changes taking place in America new inventions, new industries, new ways to ear money. In conversations with other men I found I could interpret business and government trends a little better than they could. They wondered where I got my "inside dope." As a result, I gained confidence in talking with people. My boss gave me more important assignments.

And my income increased. Last year I earned $14,000. This story is typical. If you think The Wall Street Journal Is just for millionaires, you are wrong. The Journal helps salaried men making $7,500 to $25,000 a year.

It is valuable to small business men. It can be of enormous benefit to the ambitious young man who wants to win advancement. The Wall Street Journal is the complete business DAILY. Has largest staff of writers on business and finance. The only business paper served by all three big press associations.

It coots $24 a year, but yon can get a Trial Subscription for three months for $7. Just tear out this ad and attach check for $7 and mail. Or tell us to bill you. Published daily right in the Midwest to bring you Tital business and Washington news immediately. Address: The Wall Street Journal, 711 W.

Monroe Chicago 6, 111. DFP 4-10 147 King Seeley Corp 41.7 250 Kingston Products 4 1689 Kresge Co 31 6 100 Lakey Fndry Mach 5 707 Leonard Refineries 10.1 4562 Masco Screw Prod 7.3 576 Mt Clem Metal, pfd 3.7 223 Lear Inc 16.4 4877 Parke Davis Co 43.4 399 Prophet Co 37.5 380 Reichhold Chem 23.1 390 Rocwell-Standard Cp 36.1 333 Rudy Mfg 10.6 370 Scotten Dillon 23 4 145 Sheller Mfg 18.4 4455 Sherman Products 4.4 951 Stude-Packard Corp 15.2 348 Texas Gulf Sulphur 17 267 Udylite Corp 17.2 1408 Upiohn Company 47.7 stat controlling the engine temperature should be operating properly for summer as well as winter driving. SHOCK ARSOKBERS, front wheel bearings and brakes are other Important check points, Fortney adds. The petroleum institute emphasizes that the first warm weather can bring rapid changes in your crankcase oil. In cold weather, the oil becomes contaminated with unburned gasoline and water from condensation.

As these liquids evaporate In warmer weather, the Institute says, the crank-case oil level drops. This concentrates sludge and other contaminants, which are then circulated through the engine, doing more than usual damage. This also may hasten acid formation and, when evaporated, the acid salts can corrode metal surfaces. The institute, of course, recommends an oil change to get rid of winter's accumulation of engine debris and a change every 60 days (not more than 2,000 miles) in warm weather. Today's Automotive Quote "Nearly all road users In Britain are merely potential accidents looking for somewhere to happen." Lord Mancroft, before the Public Transportation Association In London, related in the British Ford Times.

in the operations analysis section of GM since 1957. Three executive appointments to the reliability staff of AC Spark Plug, the electronics division of General Motors Corp. in Milwaukee, have been announced by Algie A. Hendrix, Milwaukee manager. Jack Briner, former director of field service, was named director of quality assurance and field service.

Milton L. Strat-ton was appointed chief inspector of supplier products, and William Gahan was made field service manager. E. C. Meyer, formerly office manager of Miracle Mart, 22311 W.

Eight Mile, has been promoted to assistant manager Read The Friendly Free Press GET FACTS (FREE) ABOUT DETROIT'S OTHER PUBLIC UTILITY brokerage, are integral parts of a system that processes 24,000 transactions a day. Homblower Weeks; Paine, Webber, Jackson Curtis, and Goodbody Co. also have their Detroit offices geared to speedy intercommunication and central processing arrangements. In nearly every firm, about three workers back up one salesman or "registered representative" to handle accounting. Automation hasn't yet affected this backstop force and isn't expected to, with a strong increase in market activity foreseen for the Sixties.

Total sales 105,524 shares. NOTICE-OF CALL FOR TENDERS OF BOOK TOWER GARAGE, INC. SECOND MORTGAGE BONDS DATED AS OF DECEMBER 1, 1951 DUE DECEMBER 1, 1961. Manufacturers National Bank of Detroit, trustee under the indenture securing the aforementioned Issue of bonds, has on hand $29,252.70 which may be used in the purchase of said bonds at the lowest price at which said bonds shall be offered for sale to the trustee, not exceeding, however, the principal amount thereof plus accrued Interest. In accordance with the Indenture all bondholders are invited to tender their bonds.

Tenders should be mailed in sealed envelopes to Manufacturers National Bank of Detroit, Trust Department, Washington Blvd. and Grand River, Detroit 31. Michigan, marked "Tenders, Book Tower Currently yteldlnf ap proximately ARMSTRONG, JONES, LAWSON WHITE, INC. 136E PENOBSCOT BUILDING, DET. 28 WO 3-8844 Please send FftEE Utility Report i nf the chain, it was announced by Bertram C.

Dank, manager. NAME ADDRESS Garage, Inc." All such tenders will be ooened at 11:00 o'clock A.M., on May 2, 1960. The Trustee hereby expressly reserves the right to reiect any or ail tender MANUFACTURERS NATIONAL BANK OF DETROIT Trustee April 8, 1960 This Week's Group Meetings Dividends paid from current and retained earnings. PHONE Valeron division. Guild, 4:30 Visual Arts Panel discussion.

MONDAY Detroit Paint, Varnish and Lacquer Association, 6:30 p.m., Calvert Ca- AUCTION AUCTION VALUABLE INDUSTRIAL PROPERTY, STAMPING, SHEET METAL TOOL ROOM MACHINERY EQUIPMENT, VALUE OVER $300,000.00 By order of the Board of Directors TUESDAY, APRIL 26th at 11:00 A.M. WOODLIN METAL PRODUCTS COMPANY S. MARSHALL MARSHALL, MICH. LAND: Approx. 7'2 Acres of Land located at Marshall, Mich.

BUILDINGS: 3 Industrial Buildings totalling 86,900 Sq. Ft. SEI AD ON AUCTION PACE THIS EDITION FOR DETAILS J. B. WHITMAN CO.

AUCTIONEERS Lefayet Detroit WOodword 3-4980 NEW PATENTED PRE-FABRICATED VACATION E-3ySG Aluminum exterior in Color. Mahogany paneling interior. Year-'round use. Distributors wanted. See model on display at our PLANT.

Open Sunday 11-4 Daily 9-5 C0MP0 MIRACLE PRODUCTS, INC. 15221 W. 11 MILE I. OF GREENFIELD OAK PARK. MICH.

JO e-lS7e tering Co. Speaker will be Bud Guest. Detroit section, American Society for Metals, 6 p.m., Piemontese Club. Panel discussion. Detroit chapter, American Society for Metals, 6:30 p.m., Piemontese Club.

Panel discussion. Detroit Association of Grocery Manufacturers' Representatives, noon, Paradiso Cafe. Society of Plastics Engineers, 7 p.m., Wayne Supper Club. Speaker: William C. Gobeille, of American Motors Corp.

Detroit section, Standards Engineers Society, 8 p.m., G.M. Tech Center, Twelve Mile and Mound. Frank Graf, of General Motors will speak. Instrument Society of America, Wayne County section, 8 p.m., Casdei's Restaurant, 400 S. Fort.

Film to be shown. TUESDAY raphlc Arts INSURANCE AGENTS We deal exclusively in the sale and purchase cf insurance agencies. CALL MR. HEWITT WO 2-6886 WANTED Mechanical Engineer with executive ability. Familiar with collets, pushers and related machine parts.

Send complete resume. Box 1441, Detroit Free Press, 31..