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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Dec 11, 1960
Page
22
The article notes rising car ownership from 1950 to 1960 and predicts continued growth, with one in four families without a car and more households owning two or more. Ford internal memos from June 1 1932 urged marketing a second car to meet family transport needs.
Federal grand jury indicts May Co for unlawfully paying William Finegan 121,207 over nearly one year. Finegan, 63, executive secretary of the Cleveland AFL CIO, denies guilt and says unions handle negotiations locally. May Co spokesman calls indictment a surprise and says Taft Hartley compliance is not violated.
John R. Wills owner of Butter County Termite and Pest Control Co. Middletown returned from Columbus after attending the Ohio Pest Control Association annual convention. Topics included rodent control in food plants and grain elevators, insect control of shrubs and lawns, and new chemicals and research.
Freeport Grand Bahama Island emerges as a tax free business hub under the Hawksbill Creek Act of 1955. Wallace Groves promotes no income or capital gains taxes and no real estate or personal property taxes, aiming to turn Freeport into a major distributing point for Central and South America.
Charlee A. Lee, general manager of Formex Co. Division of Huyck Corp., will be the speaker when the TAPPI section meets at the Manchester Hotel. The program starts at 6 p.m. with dinner at 7 p.m. Lee will discuss Plastic Four Driner Fabrics, a key development in paper making.
A large group of airline pilots face forced retirement at 60 after FAA rules, ending long careers. Many struggle with finances and purpose, while a few stay in aviation in new roles. Some pilots reflect on loss of identity after decades of flying, seeking fresh work or hobbies.
A Scotch brand microporous surgical tape by Minnesota Mining & Manufacturing Co. offers painless hair-free removal and is touted for medical use in hospitals and athletic locker rooms. The report also notes new drawing board surfaces, luxury golf rug, secure door chain lock, mobile TV stands for classrooms, a high power golf cart, and colorful hand tools for gardening, each from various manufacturers.
Black-Clawson Co. buys the Aetna-Standard extruder business from Blaw-Knox Co. of Pittsburgh. Hale and Kullgren will run engineering and sales for the Dilts Division. Black-Clawson to manufacture in Hamilton Ohio with facilities in Middletown and Clark Street plant.
Conneaut grower Russell Denton says Ohio grown trees will form a sizeable share of the state market this year. Eight million seedlings were planted last spring, with seasonal jobs expected as the eight year crop reaches maturity. Denton has about one million trees on over 1000 acres across Ohio and Pennsylvania.
Investors are urged to buy stocks and bonds systematically early in life to build a stable retirement income. The article promises guidance and copies to help with planning for a more comfortable future.
AP reports unemployment spreading across 60 percent of the 150 industrial centers with rates above six percent. November joblessness near four million, expected to exceed five million by January as steel and durable goods sectors cut back. President-elect Kennedy forms a task force led by Sen. Douglas to aid depressed areas amid mixed recession signals from economists. Consumers reportedly boost buying plans post election, signaling hopes for easier credit.
Directors of the Diamond National Corp. declare quarterly common stock dividends of 40 cents and 73 cents on the $1.50 cumulative preferred stock. Dividends payable Feb 1, 1961 to holders of record Jan 6, 1961. The firm has paid common dividends since its 1881 formation.
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