Investment Qs Highlight Speculative Low-Priced Stocks
Reader questions cover buying under ten dollars, growth stocks for a young investor, handling a $25,000 bequest, and a 64 year old retiree's portfolio. Advice favors mutual funds for cheap gifts, growth-quality stocks for long horizon, risk splitting with Treasuries, and keeping strong, well‑balanced holdings like Corn Products General Telephone and Southern Company.
MENTIONED IN THIS ARTICLE
Connecticut
Corning Glass
Dow Chemical
Eastman Kodak
General Foods
International Business Machines
Southern Co
Dow
Treasury
Pennsylvania
Cheseborough-Pond's
Corn Products
General Telephone
Houdaille
Lehman Corp
Long Island Lighting
National iGypsum
Wheeling Steel
Southern Co. A
Southern Company
Roger E. Spear
Chronicle-Telegram
Goodrich President To Retire In 1948
John R. Hoover, 57, president of B. F. Goodrich Chemical Co., will retire May 1. He will be succeeded by Harry B. Warner, 43, now VP for marketing. Thomas B. Nantz moves to marketing, Robert D. Scott to manufacturing, with new assignments at Avon Lake development center to follow. John D. Steiner becomes manager of industrial relations. Joseph M. Smith named plant engineer at the development center. He resides in Bay Village and Lorain’s Smith lives at 1934 East Erie Ave.
MENTIONED IN THIS ARTICLE
John R. Hoover
B. F. Goodrich Chemical Co
Harry B. Warner
Thomas B. Nantz
Warner
Robert D. Scott
Avon Lake
John D. Steiner
Bay Village
Joseph M. Smith
Lorain
East Erie Ave
Incorporation Filed for Two Elyria Firms
Articles of incorporation filed with Secretary of State Ted W. Brown name two Elyria enterprises Major Poured Concrete Walls Corp and Crawford Frozen Novelties Co. Incorporators include Donald E. Madre Earl E. Jervis Harry F. Butler for Major Poured Concrete Walls and Kenneth E. Crawford Helen L. Thompson R. W. Vandemark for Crawford Frozen Novelties. Each firm issued 230 shares of no par common stock.
MENTIONED IN THIS ARTICLE
Ted W. Brown
Elyria
Salesman Now Is Real Estate Associate
Clarence Casey of 2710 Washington Ave has joined Les Drage Realty as an associate. He specializes in city and suburban property sales. Formerly with Fitch Co he and his wife have a daughter Carol Sue at Baldwin Wallace College and a son Clarence Jr in the Navy. He attends St John Lutheran Church.
MENTIONED IN THIS ARTICLE
Clarence Casey
Washington Ave
Les Drage
Fitch Co
Carol Sue
Baldwin-Wallace College
Clarence Jr
St. John Lutheran Church
Koplin's Camera Dept Prepares for Spring Goods
Koplin's Drug Store at 638 Lodi Street showcases a wide range of cameras from Brownies to Graflex and movie models. The Graphic 35 electric auto winds film and prevents double exposure, with integrated rangefinder viewfinder exposure meter and diaphragm for quick setup. Harry Bemis and George Surdock with photo expertise lead the department.
MENTIONED IN THIS ARTICLE
Koplin’s Drug Store
Lodi St
Koplin’s
Harry Bemis
George Surdock
Insurance Executive Promoted at Elyria Office
Rocco Trombetta of the Equitable Life Insurance Co. is promoted to associate district manager of the Elyria-Lorain office at 1568 North Ridge Rd. He succeeds George Bliss who transfers to Columbus. Trombetta, a 32-year Elyria resident, will keep his Elyria duties and begin the new post Monday with an expense paid trip for top sales in 1959. Anthony Marsico and John Detiilo join the trip with their wives. The Elyria staff won all 1959 company awards. Trombetta and his wife have five children.
MENTIONED IN THIS ARTICLE
Rocco Trombetta
Elyria
Equitable Life Insurance Co
Washington, D. C
Elyria-Lorain
North Ridge Rd
George €. Bliss
Columbus
Trombetta
Anthony Marsico
John Detiilo
West Third St
Ready Made Concrete Steps Offer Fast Home Upgrade
Paul Runyan Sr of Elyria Concrete Step Co promotes ready made concrete steps and stoops as fast one day installations. Produced by Williams Concrete Co of Cuyahoga Falls, these unit steps avoid joints and water seepage, with guaranteed life time workmanship and options in four to six foot widths plus railings.
MENTIONED IN THIS ARTICLE
Paul Runyan, Sr
Elyria Concrete Step Co
Oberlin Rd
Bunyan
Cleveland
Akron
Canton
Williams Concrete Co
Cuyahoga Falls
Elyria Products To Be Entered In Detroit Show
Bendix Westinghouse Automotive Air Brake Co among 330 industrial manufacturers displaying at the 1960 engineering Conference and Exhibit in Detroit April 21 28. The show sponsored by the American Society of Tool and Manufacturing Engineers will be at Detroit Artillery Armory with more than 6000 manufacturing devices.
MENTIONED IN THIS ARTICLE
Bendix - Westinghouse Automotive Air Brake Co
Detroit
American Society of Tool and Manufacturing Engineers
Artillery
Computer To Speed Billing Comes to Norwalk Trick Lines
Norwalk Trick Lines Inc will receive a Remington Rand Univac Solid State 90 system, first of its type in Ohio and in trucking, valued at 385000 and rented. The unit processes 11760 additions per second, reads 58800 words per second, stores 50000 digits, and can print 130 character lines at 600 per minute.
MENTIONED IN THIS ARTICLE
Univac
Norwalk Trick Lines, Inc
Norwalk
Ohio
Nho
Botamer Florists Readies Easter Bloom Push
Florist Kenneth Botamer plans year ahead for Easter demand. The Wellington Greenhouse purchase expands capacity to supply lilies, hyacinths, tulips, azaleas, roses, and corsages. Orders for corsages encouraged early to align flowers with the holiday and spring surge.
MENTIONED IN THIS ARTICLE
Kenneth Botamer
Wellington
Irving Dunford
Batamer
Botamer
Also Mentioned on This Page
New York State
Sales Executives Club
Lorain County
Industrial Rayon Corp
Graystone Hotel
George J. Rounds
IRC
Goodrich
PIA
Warren Sotherden
Sotherden
Meister, Inc. Insurance
Lorain County Bank
Koplin
Koplin Drug Store
Rocco Trombeita
Adds Dulles
Runyan
Bay Boy
Converse Tennis
Oxfords
BUSS
APPY
K. D
the Chronicle
TRON
Menrms
Edwin Kerr Heating
Root Road
Cal
Umbia
Hank's Motor Inn
Rte
Durkee Rd
LaPorte
Big Hank
Sarnite
Hank Hengartmer
Bob Schumar
Schumar’s
Cleveland Street
Bendix-Westinghouse
Bill
Sales — Service
Wm. C. Butler
Durkee Road
United States
U. S. Royal
U.S
Tibbitts
E. Bridge Street
Fairfax
Ven
RCA Victor Renbridge
Ryan Appliance
Botamer Florists
Angelina
Emerson
Travelmart
Broad Street
Hanna Brig
Cleveland—Main
Fior’s
Capitol Theatre
Bill’s Mobile Service
East Broad
Park Avenue
Bill McClelland
Oberlin
East Ave
Tecod
Middle Ave
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