Are Discount Houses Spreading To Autos
Detroit report on a DOJ antitrust suit against General Motors testing the auto franchise system. The case targets GM and the NADA over discount houses selling cars at set prices with limited service. Dealers fear loss of exclusive selling rights and profits as fleet sales and overproduction press pressure.
MENTIONED IN THIS ARTICLE
Detroit
Antitrust Division
Department of Justice
General Motors Corp
Los Angeles
General Motors
National Automobile Dealers Association
NACA
California
James M. Roche
Roche
NADA
Atlantic City
Automotive News
Reinartz Elected Asst VP By National City Bank
John P Reinartz a former resident of Middletown was elected assistant vice president of the National City Bank of Cleveland at a recent stockholders meeting Reinartz son of Philipp M Reinartz 2165 Main St previously served as a trust officer He studied in local schools attended Princeton University and Harvard Law School and now lives with his wife and two children in Shaker Heights
MENTIONED IN THIS ARTICLE
John P. Reinartz
Middletown
National City Bank of Cleveland
Reinartz
Philipp M Reinartz
Main St
Princeton University
Harvard Law School
Chilldren
Shaker Heights
Education for skilled work in automation era
Roger Babson argues that unemployment coexists with demand for skilled workers. He warns many lack basic economic education and urges broad, early training in specialized occupations. He stresses the coming need for craftsmen, expansion of office and professional labor, and the importance of arts to foster flexible thinking. He criticizes excessive practical schooling and calls for more laboratories and cultural education to prepare for rapid technological change.
MENTIONED IN THIS ARTICLE
Los Angeles
Labor Department
Insurance Institute students study changes at Bowling Green
Linda Lawsaw of Preble County will attend a session at Bowling Green State University March 11 to 16 as part of the Insurance Institute Schools run by the Charles W. Hurst agency. Representatives from across the state will learn latest changes and agency operations. Robert Manns of Miamisburg earned a two week industrial instrumentation course at Leeds and Northrup Training Center in Philadelphia, among 15 U.S. technicians.
MENTIONED IN THIS ARTICLE
Linda Lawsaw
Preble County Line Road
West Middletown
Insurance Institute
Bowling Green State University
Charles W. Hurst
N. Main St
Robert €. Manns
Dale Ave
Miamisburg
Leeds & Northrup Co
Philadelphia
Hoover Ball Division
Hoover Ball & Bearing Co
Middletown
Manns
United States
U S Production Falls Slightly in January
Washington AP reports U S industrial production declined slightly in January from December's record level as the economy showed signs of a hesitant recovery. Output in mines mills and utilities slipped, with personal income retail sales nonfarm employment and factory hours also easing.
MENTIONED IN THIS ARTICLE
Washington
Central Heating Oi Burners Surpass Seven Percent Use
A report notes that the United States has more than seven percent of its homes using million oi burners for central heating.
MENTIONED IN THIS ARTICLE
United States
Dallas
United States City
New York
Inland Sales Hit New Peak for Inland Container 1961
Preliminary 1961 sales reach 90,004,000, topping 1960 over 93 million prior high. Net after tax earnings 6,490,000. common share earnings 2.94, vs 3.03 in 1960 including 0.10 gain. 1961 results include Fairmount Glass operations. Middletown plant at 912 Nelbar St.
MENTIONED IN THIS ARTICLE
Inland Container Corp
Indianapolis
Fairmount Glass Corp
Inland Container
Middletown
Nelbar St
First Step To Intelligent Investing Offers Dividend Records
A promotional notice invites readers to learn about securities and evaluate companies by past records and future prospects. It highlights a list of stocks with progressively higher dividends over the past decade and offers free mailings of dividend histories. It promises a booklet "DIVIDENDS OVER THE YEARS" containing facts and about 500 stocks with 25 years of cash dividends.
Pacific Grove’s pint sized bank keeps Saturday hours
Security State Bank in Pacific Grove operated by William A. Burkett defies California norms as the only state bank open Saturdays from 9 to 1. Burkett, formerly state banking superintendent, argues small independent banks can endure with customer friendly service. The bank has $4 million in deposits, while California’s big banks run thousands of branches.
MENTIONED IN THIS ARTICLE
Pacific Grove
Calif
California
Security State
William A. Burkett
Monterey Peninsula
Burkett
California Bankers Association
Bank of America
Hoover Reports Record Earnings for Six Months
Hoover Bail and Bearing Co. reports record six month sales of 27,382,265 and net earnings of 1,315,236 or 1.01 a share for the period ended Jan 31 1962. Prior year six months showed 22,829,076 in sales and 221,076 earnings. First quarter earnings were 41 cents a share, totaling 60 cents for the quarter. This marks an all time quarterly high and the fourth straight gain.
MENTIONED IN THIS ARTICLE
Hoover Bail and Bearing Co
Also Mentioned on This Page
Service
Greene
Ladd
Manchester Motor Inn
Stock Exchange
Chicago
Roger Babson
U. S
Merrill, Turben & Co., Inc
Canton
Columbus
Cleveland
Dayton
Youngstown
Dale Nash
New York Stock Exchange
Little Maverick Bank
Hoover
Keogh
Federal Savings & Loan Bldg
Middletown, Ohio
Syl Shetter
Tim Johnson
Lincoln-Mercury CO
Bryan Philips
Tytus Ave
Ken Philips
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