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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 12, 1959
Page
24
Middletown's business sector posts record first six months in 1959 with peak bank debits and deposits, record prepaid sales tax receipts, strong auto market aided by good weather. Building permits approach a million-dollar monthly total. employment climbs toward prior peak. Frank Ludewig expects continued strength in July.
The article notes higher prices likely this autumn for clothing and housing as the economy booms. Buying offices in New York City show anticipated price increases on fur coats suits rugs and handbags, with goods later sold in department stores nationwide.
Farhang Javid named vice president of sales and engineering at Smith Winchester Co in South Windham Connecticut. The firm expands its paper and bag machinery line and leverages new technology dating back to 1828.
Diamond Gardner Corp. named Thomas Hackett of Cincinnati as sales service representative and Harley Jeffery Jr. as district representative for paperboard sales. Hackett joined Gardner in 1933, rose to gluing department foreman, then assistant to the Lockland plant manager. Jeffery joined in 1954 as carrier cartons salesman, later paperboard salesman in Chicago, returning after a one year absence to Gardner in Memphis.
The week saw the market hit new highs with the Associated Press average at 234.00 and the Dow at 663.81 intraday, closing 663.56. Volume rose to 18.7 million shares, the strongest weekly total in two months, as mutual funds and institutions chased gains in blue chips, rails, and industrials with broad participation and sector rotations. Corporate bonds slipped while government bonds gained slightly. Trading value reached about 29.13 million dollars for the NYSE week.
International Harvester Co reports almost 12 000 new employees across manufacturing and raw materials. July 1 total reaches 55 589 with the construction equipment division showing the largest gain. June employment up 1 097, sixth straight monthly increase, though a seasonal drop is expected this month.
Cora McDonald radar instructor at Keesler AFB Biloxi was honored with the 1959 Amelia Earhart Memorial Scholarship by the Ninety-Nines for her work teaching teenagers to fly. She also mentors Biloxi Civil Air Patrol youths in aircraft techniques amid her off duty hours.
About 49 percent of Americans belonged to some church in 1940, rising to about 59 percent by 1952 according to the survey data. The figures reflect the changing religious landscape across the nation during this period.
Chal Adams, former Journal reporter, has joined the Bayless Kerr Co. Cleveland Advertising Agency as its newest staff member. President Neville Bayless announced the hiring after Adams spent 13 years in newspaper radio public relations and advertising. He previously worked at American Welding and Mfg. Co. Warren and ran his own syndicated advertising firm.
Real estate advertising practices of Middletown firms B F Sawyer & Son Inc and Ralph DeBord are cited in Sales and Profit Approach to Real Estate Advertising by Bradford Wyckoff edited by Howard Parish Associates Inc in Miami. The book highlights newspaper and classified ads as the brokers preferred medium for reaching ready buyers.
Republic Stel Corp reduces coke production in Cleveland as a steel strike deadline nears. A spokesman says precautions mirror two weeks earlier and blast furnaces will keep operating. Union chief Conrad Cooper forecasts no chance of averting a strike.
Armco Steel Corp. official Farl A. Rickling, assistant controller, has been elected to membership in the Controllers Institute of America. Established in 1931, the nonprofit group brings together controllers and finance officers from banking, manufacturing, distribution, utilities, and more, with total membership over 5,000.
A phalanx was a line of battle used by antiquity era generals. It involved heavy-armed troops in close formation.
J A Livingston notes reader confusion over inflation terms citing wage push demand pull administered price monetary deficit and markup inflation. He explains how wages prices demand and credit affect living costs, with examples and caution about mixed usage and public perception.
Babson argues that deserts could be watered without dams by injecting small amounts of hydrogen and oxygen into the soil to form water. He cites New Mexico and Arizona experiences, mentions costs of irrigated no-rain land, and suggests a commercial beam method to split water for irrigation. He invites readers to contact chemical suppliers about his forecast.
Public service notice encouraging readers to request a free booklet on managing emotional tensions. It stresses that many face not only major mental illness but also minor emotional issues and offers practical steps and where to seek professional help.
Black-Clawson Co creates Black-Clawson Italia to handle Italian operations. Frank Peterson announces Milano based Black-Clawson Italia at Via Meravigli 7 under Dr Virginio Zani. The Italian subsidiary offers sales and service for Black Clawson pulp and paper mill equipment.
New York announces the appointment of Richard W. Phelps as general manager of the Dilts Division in Fulton New York. He will oversee all activities for the Dilts Division which produces Black-Clawson converting machinery for paper and plastics industries.
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