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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 11, 1959
Page
10
A widow asks if Ashland Oil common stock will grow in value and whether to sell now. The letter cites Ashland as a medium sized oil company with NYSE trading around 71 and notes its focus on refining marketing and transport. It mentions import quotas affecting the oil industry and expects ongoing restrictions.
A reader praises Matt's on Vermilion for family dining with separate bar areas and seasonal lake fish. The column advises holding Ashland stock, highlights Duffy Mott and Television Electronics Fund, and identifies Florida Steel and Home Insurance of New York as promising long term picks with steady gains and growth potential.
Elyria Coca Cola Bottling Co. reports a 30 percent sales rise in January to March versus 1958. Sales reach 300000 cases of Coke with plans to exceed a million cases this year. The firm serves Lorain County and parts of Erie and Huron, led by president H. Williamson and sales manager Chet Kirlwood. A plant expansion and more jobs are planned to support growth.
The Sig Board notes investors favor low priced issues as they have rallied over the past year, with many doubling or tripling in price. Promising names include Minute Maid, General Instruments, Standard Railway Equipment, and Sony American Stock Exchange listed issues. however, substantial speculative risk remains and buyers should be able to bear potential losses.
Norm, once with a rival firm, returns to Elyria to lead the Men’s Shop sporting goods section. He touts wide product variety, quality, and value as he reopens the department, aiming to serve local customers with familiar brands and dependable service.
The Ohio Oil Co Findlay Ohio producer of Marathon gasolines and oils offers a Marathon smile maker service guarantee that ensures motorist satisfaction with Marathon products and services or presentation within 60 days of purchase.
Secretary of State Ted W. Brown lists articles of incorporation led for Elyria Hardware Co. by Warren Goodenow and others, with 250 shares of no par common stock. The item also notes market data and promotions from Marathon products and local sporting goods offerings at The Men's Shop.
Ohio News Bureau reports numerous industrial expansions totaling millions in Ohio. Projects include Limbach Co. in Cincinnati a $1.2 million expansion, Robbie Brooks Inc. in Cleveland, McKesson & Robbins drug warehouse in Canton at $600,000, and a $750,000 oil storage center for Cities Service in Brecksville among others. Also noted is a surge in Ohio incorporations for manufacturing related firms and defense contracts totaling about $16.9 million to 111 manufacturers in March.
Two Elyria shops captivate shoppers with eye catching window scenes. Loomis Camera Shop features carved wooden monkeys and palm tree props creating a jungle vibe. Sears Roebuck presents a dramatic mannequin climbing a gas range drawing double takes.
Paul D. Malboeuf, industrialist, served as principal speaker at the sixth annual Cleveland Trucking Association dinner held this week at the Manger Hotel. Since arriving in the area in September 1957 he has addressed a range of groups.
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