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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 08, 1960
Page
26
DETROIT AP. The 1961 model cars will ease entry to front seats as the dogleg near wraparound windshields will be removed from all car lines this fall. The change signals a shift away from the prior design emphasis on extreme styling.
Donald F. Huntsman joins Aeronca Manufacturing Corp as factory service manager with duties across production control estimating budgeting manufacturing engineering methods scheduling and shipping. Former chief of production planning and forecasts at Boeing Airplane Co. Huntsman hails from Ely Nevada and holds a B S from the University of Washington. General Motors redesigns 1961 car dashboards to remove the windshield dogleg citing comfort gains and similar styling shifts across lines.
About 35 Middletown bankers will join roughly 600 Ohio bankers at the Ohio Bankers Association two day convention in Cincinnati at the Sheraton-Gibson Hotel. Officers for the coming year will be elected and Ann Landers will headline the Thursday dinner as the main speaker along with other ABA authorities. Attendees from First National Bank include Calvin Verity E W Barker Carl Nicklas Kirk Strodbeck G Dalton Hill Jr and others. Oglesby-Barnitz Bank & Trust participants listed are Russell Weatherwax Jr William Raines and Dwight J Townsend.
The 1954 wraparound windshields spread across Oldsmobile Buick and Cadillac. Over years roof pillars slant more, making bodies protrude toward doors. By 1961 Ford and Mercury share body shells, though styling differs. Mercury plans to drop Park Lane top line. Fords narrow slightly from 1969. Exterior dims likely stop growing for a while.
Auto industry moves toward sleeker lines as fins wane. Chrysler plans broad mod on all models especially Plymouth. Chevrolet drops rear styling, Ford shifts to oval tail lights and 1959 look. Lincoln to drop premier, replace with Continental on same shell as Thunder Bird. Cadillac pursues four door hard top smaller than standard to target Thunderbird market. Thunderbird wheelbase cited at 113 inches while Cadillac aims at smaller luxury niche.
New York business review notes better conditions in the first four months of 1960 with the Federal Reserve Bank of New York citing weather influenced improvement. Consumers buy cars at a record pace while merchants report sales above 1959. Emerson Schmidt of the United States Chamber of Commerce predicts 1960 may be the best year in history if policy errors are avoided and expansion continues.
SACRAMENTO AP California creates a consumer counsel to aid shoppers. Helen E. Nelson, named by Gov Brown, heads the office with duties to advise the governor and legislature, coordinate protection efforts, and inform consumers how to save money. The $15,000 post seeks to curb credit overuse and study pricing, labels, and fraud.
A new eyeglass hearing aid claims the smallest radio transmitter yet for consumer use, sending sound from the frame to a receiver earpiece. Also featured are a Marlex plastic Gro-Cart spreader from Ferry-Morse Seed Co, a Whitney automatic outboard control by Lake Controls Inc, and GE Parito Cart outdoor cooking center with electric range and charcoal grill. Other items include a Leicester drum-lens lighthouse beacon by A.E.I Lamp & Lighting Co and a new Sargent exit device for fire and panic protection. A rechargeable nine volt transistor radio battery from Little Falls Import Co promises far longer life and a charger for 110-120V AC outlets.
Armco Steel Corps Middletown Works promotes Raymond Stidham to gang foreman in the transportation and labor department. Stidham, of 216 Arcadia Drive, began as an operator helper in No 1 open hearth in 196, progressed to coating checker in 1948, junior mill clerk in 1950, and mason y department gang foreman in 1956 before a 1958 transfer to brakeman amid reduced operations.
All time records were set by J C Penney Co with total sales of 1,437,489,356 placing it fifth in the nation and earnings before taxes of 109,473,734. Net earnings were 51,523,734 or 6.25 a share. At the May 26 annual meeting directors plan a 3 1 split and the board increased the quarterly dividend from .75 to .99 with an extra year end 90 cents payable Feb 1 to stock recorded Jan 15. The split would take effect May 27 if approved.
About 300 realtors and associates plan to attend the Ohio Assn. of Real Estate Boards district sales clinic at the Manchester Hotel. Members come from the fifth district in southwestern Ohio with Middletown hosting for the first time. State and national officers of the National Assn. of Real Estate Boards will speak and lead panels during a daylong program starting at 9:30 a.m.
Economist Friedrich Hayek proposes letting stockholders decide each year how much to reinvest, arguing that current management pursues social goals beyond profit. He warns such "public-interest" drift invites regulation and weakens focus on shareholder value by shifting power to executives who fund universities, arts, and politics.
Roger Babson surveys Hawaii's post statehood progress, noting a per capita income near the U S average and heavy reliance on federal payrolls, tourism, exports, and real estate. He highlights major blue chip firms, banks, and hotel interests, warns on direct investments while considering indirect plays in airlines, hotels, and sugar and pineapple companies.
Robert Glass and Clarence True of the Middletown Ice & Coal Co attended the state wide Shell Oil Co jobbers meeting in Cleveland on May 4 and 5. The agenda covered expanding petroleum markets improving service station locations boosting operating efficiency and fuel oil sales.
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