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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 28, 1961
Page
16
General Motors reports 1960 as peak year for dollar sales and unit volume. Welcoming figures show estimated 12.7 billion dollars in sales, 959 million dollars in net income, 3.35 dollars per share earnings, and 4,661,000 cars and trucks sold worldwide, with strong gains over 1959.
Heads of 21 Cleveland area corporations signed a pact to raise their gifts to colleges to one percent of income before taxes within three years. The plan aims to triple corporate support for higher education and presents three choices: act now, have the federal government step in, or fall behind rivals. The program is highlighted in Reader's Digest.
Bob Deimling was installed Tuesday night as president of Elyria Local 277 State County and Municipal Employes Union. He succeeds Duke Flanagan. Ernest Hoeschler conducted the installation. Named to serve with Deimling were Pete Drener street department vice president Cliff Schroeder chief mechanic treasurer and Charles Cowen water department secretary.
A stockholder, Mrs. Sibyl Reichel of Roslyn New York, sues four Fruehauf Trailer Co. officials for approving large bonuses without stockholder consent. Named are Roy Fruehauf chairman $240108 William E Grace president $204108 Robert D Hill treasurer $144055 Roy W Jacobs secretary $115252. Company says bonuses were approved at a stockholders meeting last May.
Richard H. Kolman of St. Louis will be promoted from vice president to assistant corporate controller of the May Department Stores Co. effective Wednesday upon the retirement of David Geller in Cleveland. The company owns M. O'Neil Co with a department store at O Neil Sheffield Shopping Center Lorain.
Two area firms join 300 exhibitors planning to participate February 5 to 8 at the Mid America Hardware Show in Cleveland Public Auditorium. Readily listed are Four's Garden Center at Center Ridge Road North Ridgeville and Ridge Tool Co. at Clark Street Elyria.
Charles A. Mosher meets Sen Hugh Scott and Ward Riley to discuss proposed low in spirits area legislation and unemployment data for Ohio's 13th district. KYW radio spotlights Lorain labor market as layoffs and recalls ripple through Lorain Elyria Sandusky Norwalk Fremont areas.
Area Air Force recruiter S/Sgt. Richard Wetzel said the Prior Service Program has grown by 30 percent. The program adds about 130 job specialties to the Needed Skill List, allowing former airmen to enlist at prior ranks and pursue electronics technical schooling. Reach Wetzel in Room 22 Elyria Block 538 Broad St.
Empire Spring Co. will relocate by about May 1 to the former Couch Uthe Building at 140 South Olive St. from 210 South Abbe Rd. The firm, formed in 1953, makes electronic and electric component parts and will occupy about 27 000 square feet, about the same as its current plant, with employment at about nine and expected growth.
ATI official cites cutbacks at Ford Lorain plant as cause of driver losses. From 680 drivers in January 1960 to 230 currently, with 75 expected recall. Truckers blame rail rate cuts by ICC and railcar shifts for downturn. leaders push locals to protest and seek relief as Ford trims hours and shifts.
The 1961 Pontiac Tempest won Motor Trend magazine’s Car of the Year award, announced in Los Angeles by Don Werner. General Motors official E. Knudsen praised the car’s rear transaxle, flexible drive shaft, and four cylinder engine as key design advances. Knudsen credited strong consumer demand for compact cars with transforming the auto industry.
Social security tax rates for old age benefits remain three percent with three percent withheld from the first 4800 dollars and three percent paid by the employer. The six percent total includes both portions. The unemployment tax rate for employers with four or more workers lies between three and 3.1 percent. Self employed social security tax stays at 4.5 percent.
John Morrison will be installed as president of Elyria Barbers Union Local 592. The union, with 49 members, will install officers including Robert Vandemark as vice president James Reisz secretary treasurer Emil Olu recorder and Harold Fulton guide. The meeting marks a more active year ahead for the local.
Elliott Alloys Thvision American Brake Shoe Corp recalls about 18 workers at the Taylor Street plant in Elyria this month. About 20 percent of the workforce were laid off late last year at the same facility.
The notice lists union groups including Elyria Barbers Local 582 and Local 268 Molders Foundry Workers along with Lorain Federation of Labor AFL Local 736 and Elyria Painters Local 3228, plus DSW and Cleveland Quarries County Building Trades Council and multiple locals. FRIDAY Local 171 and County Lathere Local 249 are noted with Lorain Painters and District 153 LAM on Sunday.
New York based official Arthur Donovan refereed 14 heavyweight title bouts the most by any referee in boxing history. Joe Louis participated in 12 of those bouts shaping the era's fate and style.
Fifteen marketing representatives from the United States Canada and overseas gathered in Lorain County for the Thew Shovel Co Marketing Division meeting. The program launches new Lorain line power shovels cranes and front end loaders for 1961.
Ford Motor Co edges toward stronger dealer warranties 12 months or 12000 miles for 1961 vehicles while offering two years or 24000 miles for the Lincoln Continental. A new booklet Partners in Quality guides suppliers and reinforces Ford purchasing standards asserted by E g Ward. Ford annually buys over 3 billion dollars in parts equipment and materials.
The Lorain Block at 344 Broadway sold for 100000 to Mr and Mrs Olimpio Giannini of Falbo Ave. They also own the Colonial Hotel and Hotel Herbert. The two story brick building measures 93 by 119 feet and contains four ground floor retail stores with professional offices upstairs. It was bought from Marks Realty Co of New York.
Members of USW locals will vote February 14 for international officers district directors international stewards and delegates to the AFL-CIO convention. Incumbents McDonald Haag Abel and Schremp are certain to be re elected. Local 1104 meets at 2301 Broadway and Local 2354 at the Slovenian National Home 2134 Pearl Ave Lorain for balloting.
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