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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Aug 18, 1966
Page
14
Banks charge the highest loan interest since the 1920s as demand for loans outpaces funds. The 6 to 7 percent prime rates reflect a booming economy and rising deposits, with banks chasing profits through short term borrowing and higher yields to attract investors.
A new Magnavox home entertainment store opens at 207 2nd Ave in downtown Decatur. Joe Hollis, ex Atlanta, is store manager, leading a staff of at least four. The shop offers Magnavox stereos color and black and white TVs, Magnavox radios, and Conn organs Chickering and Steinway pianos with a grand opening planned for Sept 1.
Howard Downey formerly with Chemstrand has been named supervisor of employee relations for Beaunit Fibers Division of Beaunit Corp. He will oversee communications and information programs for sites in Elizabethton Tennessee Childersburg Alabama Etowah Tennessee Utica New York and Research Triangle Park North Carolina. Downey will coordinate community relations and report to the divisional director of industrial relations. He is a Birmingham native and University of Alabama alumnus and is married with a son planning to live in Raleigh North Carolina.
William Utsey of Camp Smith and Sammons in Huntsville will address the North Alabama Claims Association at 6 30 p m Friday at Holiday Inn Downtown Utsey a USM and UA Law School graduate has held roles with the University of Alabama student Bar Association Bench and Bar Legal Honorary Society and the Alabama Law Review He is a member of the Huntsville Madison County Bar Association the American Bar Association the Alabama Claims Association and the North Alabama Claims Association His topic will be Uninsured Motorist Coverage.
A. H. Travis, supervisor with Southern Bell Telephone Co., has been transferred to Decatur from Tuscaloosa. A native of Morgan County, he has been with the company since 1947.
The facility features corridors running through the building centers on both floors with main entries from these corridors. Swensson and Knott of Nashville designed the units in a garden apartment style, as noted by DAILY Photo.
Production wage talks expand as United Auto Workers seek an immediate 60 cent hourly raise for skilled tradesmen in any reopening with General Motors Ford and Chrysler. Local 600 led production units in demanding inclusion and citing Johnson era guidelines while the union notes about 3.87 dollar average for skilled workers versus higher tool and die rates in Detroit shops.
TVA awarded contracts totaling more than 108 million dollars to 13 firms across Alabama Kentucky Illinois and Tennessee for 32 million tons of coal to be used in its western section. Two long term Kentucky mine contracts exceed 45 million each and cover about 27.5 million tons. Bids opened June 30 set prices 8 to 38 cents a ton higher than last year.
Thanks For 40 Years James L Standridge and Robert L Daling, both engineers with Southern Bell Telephone Co in Decatur, were honored upon completing 20 years service. Sid W Reese Southern Bell's chief engineer for Alabama presented them with 20-Year service pins.
Trans-Southern Corp a Huntsville holding company buys majority stock of Huntsville Corp which controls the Bank of Huntsville placing the firm in banking and life insurance. The deal's value was not disclosed. Maj. Gen. John A. Barcley chairs the board with Don Orr as president.
CULLMAN Construction of Bagwell Feed Mill in the industrial park south of here is almost finished. Operated by John Bagwell Farms and Hatchery based in Empire, the mill should start operations in December. General manager T M Lawrence of Jasper has ten years with the firm and will live with his wife Pauline Baldwin in Cullman. Assistant general manager Mangford Burnett, previously manager of Eva Bulk Station, will remain in the Eva Community. Production manager J D Thomas from Corner will head production. The plant will hire five workers and about 25 truck drivers, with project costs running to several hundred thousand dollars.
Southern Bell announces spending of 7.1 million dollars in Northwest Alabama seven county area including Decatur. Projects include River Road on the Decatur exchange finishing in December for 103000 dollars serving 32 new customers and upgrading 70. Athens Huntsville Highway at 166000 dollars finishing late this year serving 63 new customers and improving 40 existing ones. Wren Road in Moulton costing 77000 dollars finishing Q3 aiding 72 new customers and 35 existing users. Danville Neel in Hartselle costs 168000 dollars finishing August aiding 114 new customers and upgrading 15 others. Overall the state total exceeds 31 million.
The Tennessee Valley Authority awarded two earth-moving contracts for the Brown Ferry nuclear plant. Caterpillar Tractor Co. of Peoria Ill. the heavy duty crawler tractor with an optional second unit worth up to 115,292 dollars. Nixon Machinery and Supply Co. of Chattanooga supplied self-loading 31-yard tractor scrapers at 84,617 dollars with a possible maximum of 507,702 dollars.
Huntsville directors of Brown Engineering Co. declared a quarterly dividend of five cents per share payable Sept. 30 to stockholders of record Sept. 16. It marks the 25th consecutive dividend by the Huntsville based contractor employing 3,600 people across seven states. The company performs research development and manufacturing for government and industry.
COOKS PEST CONTROL representatives attend Tri-State Pest Control Convention in Mobile. Whirlpool contest grand prize goes to Mrs. D H Johnson of Harper Johnson Furniture in Athens for outstanding sales. Mrs John Chenault named honorary member of Alabama Medical Association auxiliary wins Golden Arch Good Citizenship Award. Col James Curley Jones earns honorary colonel commission after graduating Nashville Auction School. Lorch Diamond Shop in Decatur named exclusive Diamond Council of America member by manager Jerry Casey.
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