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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 29, 1969
Page
27
Analyst notes Allied Products rose 45 percent in sales and profits after 1968 acquisitions General Bronze and Fulton Industries, yet share price fell. First quarter earnings jumped 67 percent to 70 cents, with growth led by transportation and fastener groups. Hold based on 1969 earnings outlook.
Portland based report notes federal lands supply about 65 percent of commercial timberlands nationwide while industry owns 15 percent and farm woodlots watersheds and scattered holdings hold the rest. Detroit source recalls Benjamin Briscoe launching United States Motor Car Corp in 1910 with 130 companies. enters receivership in 1912.
Lear Siegler Education Co. has bought two schools in Denver and Billings Mont as part of its Lear Siegler Education division now owning 28 technical and business schools in 20 cities with over 12 000 students enrolled. SBA names Veteran Affairs Officers to aid returning servicemen. Elmer Koebe rer serves at Cleveland Regional office in the New Federal Building. Ohio Edison Co Farm Sales Division wins Edison Electric Institute Farm Market Sales Promotion Award for third consecutive year at FEI conference in New Orleans. about 1 500 sales personnel from investor owned electric utilities attend.
Vermilionite LEE C HOWLEY becomes chairman of Revco D S Inc succeeding GEORGE R HERZOG. CARL THOMAS named manager in American Standard Elyria. WALLACE METZGER named assistant manager at Snelling and Snelling Lorain. MICHAEL M O MARA named development scientist at B F Goodrich Avon Lake. Thomas and O Mara are Ohio graduates with local ties.
Mortgage volume in Lorain County for the week ending June 25 reached 3,486,675, well above the prior week and well above similar weeks in 1988 and 1967. The largest loan was 950,000 to Avon Realty Investment Co. for property on Detroit Road, Avon, issued by Armour Securities Inc. Information supplied by Midland Title Security Inc.
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