Magnetic Tape Investments in Electronics and Entertainment
Connecticut reader asks about small investments in the growing magnetic tape industry and its uses in computers, defense, space, and home entertainment. Reeves Soundcraft stock is favored for growth potential, with Ampex seen as a long term buy despite current price weakness.
MENTIONED IN THIS ARTICLE
Connecticut
America
Laska
Reeves Soundcraft
Reeves
Danbury
Pennsylvania
Roger E. Spear
Chronicle-Telegram
Inflation idea hits: France to switch to new franc July 1
The piece notes France will implement a 100 old francs to 1 new franc exchange on July 1, letting prices drop two zeros to match old parity. It contrasts with U.S. proposals to have the Fed buy government securities to fund maturities, warning that printing money fuels inflation and recalling postwar Germany. It cites Wall Street Journal on the senatorial plan as shell game and warns about inflation risks from easy money.
MENTIONED IN THIS ARTICLE
New York
UPI
France
Federal Reserve
Fed
Germany
The
Wall Street Journal
Journal
Federal Reserve System
Treasury
Dugan's Donuts Adds Numerous New Varieties
Ely business owner Dale Frankel expands Dugan's Donuts with diverse flavors including Honey moon Tart with fruit toppings, French apple filled sticks, apple sauce fried cake, grape damson plum cherry and pineapple fillings, rum butter toppings, and more. Night baking ensures ultra fresh doughnuts for morning grocers and restaurants.
MENTIONED IN THIS ARTICLE
Ely- Dale
Frankel
Dugan's
Dayton Man Elected President at Ohio Bricklayers Convention
Russell Reisinger, business agent of Local 64, led Ohio State Conference of Bricklayers as state unit head in 1957-58. James Davis of Dayton was elected chairman as the three day Cleveland meeting expanded the executive board from four to six members. No resolutions. focus on substitutes for bricks and a Cincinnati Building Trades Council convention in October.
MENTIONED IN THIS ARTICLE
Russell Reisinger
Elyria Bricklayers
Labor Oranization
Thenion
Hotel Carter
Cleveland
Vention
Ohio State
James Davis
Dayton
Reisinger
Annal State Building Trades Council
Area Land Leased For Prospecting Northwest of Norwalk City
East Ohio Gas Co representative William S. Hill arranged a five year lease with Donald Dougherty to prospect for natural gas on Dougherty’s northwest Norwalk acreage. Geologists will test areas on Clinton sand substrata noted on U. S. Geodetic maps. Lease pays one dollar per year per acre with a royalty of one eighth of profit if gas is produced.
MENTIONED IN THIS ARTICLE
Norwalk
Texas
East Ohio Gas Co
Huron County
William S. Hill
Canton
Donald Dougherty
West Washington St
U. S
Hill
Clinton
Daugherty
Two Area Men Receive Patents This Month
Ralph J. Plas of 1598 East Ave received a patent for a base paver machine used to deposit paving material on new roads and assigned it to Blaw-Knox Co of Pittsburgh. Ralph G. Coleman of 225 Connecticut Ave patented a tool holder attachment for pipe processing machines used to hold pipe while cutting and reaming, assigned to United States Steel Corp.
MENTIONED IN THIS ARTICLE
Ralph J. Plas
East Ave
Blaw-Knox Co
Pittsburgh
Ralph G. Coleman
Connecticut Ave
The
United States Steel’ Corp
Aluminum Siding Gains Popularity in Homes
The Lorain Aluminum Mfg. Co. Elyria branch reports more aluminum siding installations this year than all of last year. Aluminum siding is long lasting, needs little repainting, and comes in six pastel colors. It adds insulation and can be installed over wood, stucco, or masonry in two to three days.
MENTIONED IN THIS ARTICLE
Lorain Aluminum Mfg. Co
Elyria
Lodi St
Ralph Ramirez
Elyrias
Ramirez
Sue
iTo
CWA Per Capita Payments Increase by Fifty Cents
The Communications Workers of America voted to raise monthly per capita payments by 50 cents to 2 dollars, effective Wednesday. Elyria and Lorain Telephone Co. workers participate, with the hike expected to raise about 1.5 million dollars yearly for the international union serving 250000 members and 100000 nonmembers. About 1300 delegates approved the proposal by an 8 to 1 margin.
MENTIONED IN THIS ARTICLE
Communications Workers of America
International Union
Elyria Telephone Co
Lorain Telephone Co
CWA
Telephone Land Allied Industries
Pfaudler Co Recalls Workers After Layoffs
Pfaudler Co has recalled all employees on lay off status as business improves. The capital goods firm now employs 1225 people, a normal figure after a slower recovery than other industries in the 1957-38 recession.
MENTIONED IN THIS ARTICLE
Pfaudler Co
Pfaudler
Weekly Pay Sets Record in May in Ohio Factories
Ohio factory workers posted a May record with an average 41.2 hours per week and 104 dollars in wages. Employment rose to support the trend as only 2 percent drew unemployment benefits, while steel and construction showed notable activity in hours and earnings.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Bureau of Unemployment Compensation
Prefabricated Steps Gain Homeowner Advantages in Elyria
Elyria Concrete Step Co, in its third year, sells prefabricated concrete steps and stoops made in collaboration with William Concrete Co of Cuyahoga Falls. Runyon and son tout rapid installation, water-insensitive joints, a strong guarantee, and lower maintenance, with units from one to eight steps in 4, 5 and 6 foot widths. The firm operates from 431 Oberlin Rd. in Elyria.
MENTIONED IN THIS ARTICLE
Elyria Concrete Step Co
Paul Runyon
Paul, Jr
Paul, Sr
William Concrete Co
Cuyahoga Falls
Runyon
Oberilin Rd
Elyria
Also Mentioned on This Page
Elyria Area Business News
Minnesota Mining and Manufacturing
American Exchange
Audio Devices
ASE
Orradio Industries
Orradio
Ampex Corp
Dugan's Donuts
Ohio Bricklayers
Atighal
Long Street
Lorain, Ohio
Ohio Turnpike
Rt. 5
Dexter Kimball
Howard Johnson
Craftsmen Row
Angelina
Emerson
Cleveland Street
Jack Knight
Dry Cleaner
Bilhiard and
Gulf
West Ave
Lake Ave
Cleveland St
E. 4Th St
Bancroft
Bancroft and Dunlap
George Sez
Geo. Holobach
West Broad Street
West Avenue
Fairfax
ROYAL
Orly
Tonteple
Tibbitts Tire CO
E. Bridge ST
Peery Ct
Pheas FA
Motor Inn
Bree
Durkee ED
Laporte
Piecedee Eiyia
Royal Heating CO
Republic Furnace
OUR
Schroeder's
Perfection Furnaces
Eoofing Tinning
Ledi Street
Bill’s Mobile Service
East Bread
Park Avenues
McClelland, Frep
Cleveland Hopkins
Dugans
Watch
Eldotread's
East Bridge St
Don Seal, Inc
Styria
Grayscone
Ceeds
Graystone Hotel
RCA Victor
Ryan Appliance
East Avenue
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