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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 12, 1958
Page
11
The article argues workers join unions for security and collective bargaining power. It notes some employers are fair while others resist, making individual bargaining tough. By uniting, workers gain leverage to negotiate equal terms with their employers.
Reader from S C D Ohio asks about an insurance retirement plan costing 720 dollars yearly paying 100 dollars monthly from age 65. The column favors growth stocks over inflation and suggests balancing with an insurance annuity and union context. It notes GM stock growth since 1939 and urges systematic long term investing.
About 9,000 Lorain County workers are on lay-off status. Bureau figures from Columbus show new and continued claims at Elyria and Lorain offices total 6,081, with 2,378 exhaustions since last June. Second quarter saw 1,109 exhaustions at Lorain and 661 at Elyria. Week ending July 1 saw Elyria 423 new claims and 2,382 continued, Lorain 493 new and 2,983 continued. State totals: 194,363 claimants and 74,196 exhaustions.
Area and regional companies contributed to the Ohio Foundation of Independent Colleges between April 16 and July 1. Elyria and nearby firms joined 29 colleges including Baldwin-Wallace and Oberlin in sharing donations while total corporate gifts rose 20 percent from the previous year. Grafton’s W. Larson Foundry Co also contributed.
The Fourth of July holiday hit steel output in the Cleveland Lorain district dropping to 25.5 percent of capacity last week, the lowest weekly level in the current recession. Production stood at 30 percent the prior week, per the Federal Reserve Bank of Cleveland research department.
The article links rising automobile liability costs to large jury verdicts nationwide. It cites New York State averages around 11 188 dollars, up 38 percent since 1952, with personal injury verdicts from 550 000 to 750 000. Experts say courtroom tactics fuel juror emotion, driving insurers to caution about risk and premium levels.
The author advises using dollar cost averaging to build holdings in top growth stocks and favors International Business Machines, Standard Oil of New Jersey, General Electric, General Motors, or Dow Chemical. IBM stands out for its growth history and future electronic labor saving machines potential.
Dr Howard Smead could perform major operations at Ford Motor Co Lorain Assembly Plant hospital. The facility includes a room for minor surgery two recovery rooms physiotherapy hydrotherapy ECG X ray first aid and full nursing staff. Used for pre employment exams and daily plant mishap treatment. Ford received 1958 Health Achievement in Industry Award for medical program excellence.
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