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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 30, 1960
Page
17
A reader asks how to invest savings for a college fund and whether Curtiss-Wright is a growth stock. The adviser says Curtiss-Wright is speculation, not growth, and recommends Bey and Howell as a potential growth play.
Ware Vending Co reports first quarter sales up 44 percent from a year ago led by one vendor per plant trends and new crushed ice soft drink machines. Margaret Ware Kahloff cites training and incentives driving growth and notes added cigarette machines in plants, not in public places. The high start to the year supports a record 10th anniversary. employees and spouses will attend the Hanna Theatre’s The Music Man on May 11.
Fisher Bros Co Back the Indians campaign received the Silver Anvil Award from the American Public Relations Association for outstanding public relations. Their Master Markets in Northern Ohio issued 6401 vouchers redeemable for one reserved Indians game seat, accounting for 28 percent of home attendance last season, and the program will continue this summer.
In Denver the U S Mint reports increased state taxes and inflation driving overtime. Through this year the factory has shipped over a billion coins, nearly twice the volume of last year, comprising pennies through half-dollars.
The May Department Stores Co reports 1959 sales of 3.684 billion and earnings of 923.775 million, both records, with per share figures of 3.28 after preferred dividends. The year includes acquisitions of The Hecht Co. and Cohen’s Jacksonville, and major expansion into new markets and centers.
Edward A. Thompson, long time hardware man, joins Day's Hardware at 365 Broad St to specialize in builders' hardware after retiring from Elyria Hardware. Thompson has 47 years in the business with prior work in Oberlin and Lorain between 1915 and 1978.
New owners Paul Cetovick and John Hritsko of Lorain have refreshed Sheffield House Restaurant and Lounge at the O Neil Shopping Center on RrFH with fine food efficient service and a pleasing atmosphere. Manager Joseph J. Kaye and assistant Margie Musick lead a mid day lunch friendly facility with private banquet halls and entertainment by Johnny Banks Dixieland Trio.
The Cleveland Electric Illuminating Co. reports first quarter 1960 earnings of 92 cents per share versus 83 cents a year earlier. First quarter revenues reach $37.1 million, up 6.3 percent from $34.8 million.
Cleveland joins 17 other locations in receiving a 45 dollar radar beacon from the Federal Aviation Agency. The system provides positive aircraft identification in flight, with beacons co located at FAA radar antennas and aircraft transponders replying with coded signals to appear on the radar display.
Angelina's Pizza plans a new Lake Ave outlet to serve west side customers who currently drive to Cleveland St. Owner John Naidenhoff says the Lake Ave location will boost patronage and introduce new varieties from his western trip.
Lorain County musicians anticipate more work as the federal cabaret tax is cut by 50 percent on May 1. Local 340 officers report inquiries from two nightclubs for extra combo music nights and estimate 25 to 30 venues hire groups weekly.
Wagner's Flower Center in Columbia Station affiliates with Gifts by Wire a national network of bonded retailers. The shop at 26740 Royalton Rd offers gifting services by telephone or telegraph with items from $3 to $20 space for perfumes cosmetics pipes tobacco leather goods and small appliances. The owner couple Betty and Bill Wagner have run the business for five years.
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