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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 13, 1964
Page
7
The American worker’s output per hour climbs sharply as productivity remains strong through 1964, boosting profits and easing labor costs. Analysts note a sustained upturn with earnings rising to about 56 billion in Q1 and expectations of 60 billion by year end, while unemployment risks rise from higher output.
The Federal Housing Administration announces a home sale guarantee plan to aid employees of private industry who are transferred and need FHA insured mortgages at new locations. It covers those with unpaid balances on former homes and sets conditions with an employer. Only financially sound guarantors will be accepted.
Harvey's Sohio at Ninth St and Middle Ave Elyria offers rustproof service that stops rust from starting and spreading. A special compound is sprayed inside doors rocker panels and key areas to seal and protect, with additional services like motor lineup brakes mufflers wheel balance and minor repairs. Call FAirfax 12-9298 for appointment and satisfaction.
The Jones Building on North Main Street in Wellington, housing the United States Post Office, was sold by Or and Mrs. S. R. Stone to the Wiater Co. Officers of the buying firm are Howard Maier and Robert L. King. The new owners plan to remodel office spaces for new tenants by August. The Robert L. King Real Estate office remains to handle rentals and leases. The post office operations are unaffected by the sale.
General Motors announced a rise in May output totaling 511,809 vehicles in the United States and Canada, up from 495,474 in May 1963. Of the May total, 443,210 were passenger cars and 68,369 were commercial vehicles.
Kerry, a public school teacher and Elyria Driving School instructor, offers one hour class study plus seven hours behind the wheel in a car with dual brakes. Teenagers and mature adults attend for practical driving, with a 20 percent insurance credit for those who completed driver training, reducing costs for teens and widowed adults seeking mobility.
The stock market closed with a small gain after a volatile week. Dow Jones rose 3.36 to 209.39, rails 1.23 to 203.74, utilities 1.62 to 96. Soaring moves were limited by waning volume and profit taking before the weekend. Texas Gulf Sulphur led actives with a modest loss on light turnover. IBM announced final settlement terms ending a 1956 patent suit.
New issue Scientific Data closed at 38 percent on first full week trading as Comsat rose to 74, Aft er a strong start the new issue sector showed waning interest. H H Robertson fell to 524 amid weaker reaction while beer stocks stayed firm and banks and insurance stocks held steady. National quotation bureau's 35 Industrials rose 0.20 to 158.59. Sale or rent.
A playful note highlights Dr Pepper as a unique blend not matching cola or root beer. People praise its distinct taste and frequent use of upbeat phrases about trying something different.
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