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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 27, 1960
Page
13
Readers seek investing starting points and broker basics. A financial advisor notes starting a stock account is simple, but as a minor one needs parental accompaniment or custodian handling. For guidance, consider trusted brokers and focus on strong American stocks like Miami Copper.
The Inland Daily Press Association questioned Elyria growth efforts at a Chicago meeting. Otto B. Schoepfle, president of Lorain County Printing and Publishing Co., described a decade of downtown revitalization including a supermarket newspaper and off street parking that spurred further investment. Other panelists included editors anddowntown advocates who discussed funding for parks and the impact on local business.
Ohio savings and loan firms reported a record setting year with statewide savings nearing 2 million daily. The Ohio Savings and Loan League cited total resources over 6 billion as of Jan 1, 1960, total savings about 5.25 billion, assets up 573 million, savings rise 3498 million and savings growth 105 percent. Per capita savings stood at 545.32 with total assets at 625.58.
Walter O Logan of NASA will address the Management Club of Fruehaus Trailer Co on Wednesday night at the Slovak American Home in Lorain. His talk titled X 15 Giant Step Into Space covers his career at Lewis Research Center Cleveland where he joined as an aeronautical research scientist in 192 and later became personnel officer. Logan, born in Avalon Pennsylvania, is a University of Pittsburgh graduate and member of the Wage and Salary Commission of Greater Cleveland the Midwest Compensation Association and a Scouts of America troop committee man.
A South Amherst construction worker, Alex J. Hyser of Telegraph Rd, has applied for a patent on a compact trenching tool adapted from a chain saw. The working model digs a neat three inch wide trench with no lawn tear and features an adapter shield for the operator. Hyser plans further ideas including a battery powered mouse trap and cement pipe installation without disturbing the ground. He and his wife Bertha are parents to three children.
Owners of eight local independent markets indicate they will join Foodway Retail Grocers. Named members include Frank's Market Lindway Market Riggs Superette Phil's Market Nu-Way Market South End Market Martin's Grocery and Ruth's Market. James Phillips represented Foodway. Norman Hecht Seaway Wholesale and Alvin Gelman German Lion Co attended.
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