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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

May 25, 1957

Page

17

Three Cents an Hour COL Increase for Steelworkers

David J. McDonald, president of the United Steelworkers Union, announced that about 730,000 steel workers could receive a three-cent hourly cost-of-living raise on July 1. The raise, combined with a nine-cent increase in the second year of the union contract, brings total gains to 12 cents. The three-cent boost applies through Jan. 1. McDonald defended the union against internal opposition and warned against efforts to weaken bargaining power, while noting rumored campaigns by some steel leaders.

New York David J. McDonald United Steelworkers Union McDonald USW Legas Donald C. Barfick McKeesport BfcDonald Aeiien Kreeterc

Unions Schedule Meetings in Three IAM Locals

Three International Association of Machinists locals vote within days as their contracts near expiration. Local 177 at Couch Uthe Co Etotia meets today. Local 1771 and Local 1761 hold talks and votes with a federal conciliator next week. Local 1539 at Nelson Stud Welding Lorain will vote on a company proposal after Tuesday in Lorain Hall. Mertz says offers are not public and outlines a roughly 15 cent package plus 3.7 percent wage-cost adjustments. trainees would gain after training and productivity pay. Union plans focus on improved terms, with independent local committees pressing for severance and other gains.

International Association of Machinists Albert ¥. Mertz Couch Uthe Co Etotia Centre Labor Hall Lorain Mertz Uthe Elyria Nelson Stad Sion

Steelworker Backing for Senate Probe Offered

The CIO United Steelworkers union will back a Senate investigative panel in probing union finances and election spending, per USW President David J. McDonald at Local 1104. Local 114 endorsed funds for St Joseph Hospital expansion in Lorain and planned delegations to events in Detroit and Columbus.

Cio-United Steelworkers Union Senate Investigative Committee USW David J. McDonald Union International McDonald McClellan GSW National Tube Production Workers Lorain St Joseph Hospital Thaddeus Jones Jack Rutledge National Association For the

Dollar averaging advantages and stock value questions

A reader ages 34 asks about dollar averaging and its pros and cons. The response highlights mechanical investing with fixed amounts, minimal judgment, and long term growth assumptions if the economy expands. It also includes a true or false item on stock pricing below book value, explaining book value per share as net worth from the balance sheet.

United States Chrysler Combustion

Book value myths and apprentice wins in Avon Lake area

Stock valuation and book value are debated as profits and liabilities shape share prices. Avon Lake lawyer C W Grove outlines limits of book value while Keith McRoberts, a fifth year apprentice, wins county and state plumbing contests and advances to national competition, reflecting local education and apprenticeship programs.

Atty G. del Bates Avon Lakes Keith McRoberts Lawrence and Bates O. Murphy Co Oberim Imi Lorain County [Loan Association of Cleveland Avontate They Lorain County Ohio Bar Associations Avon Lake AFL Plumbers and Steamwhifters Union McRoberts Columbus Ohio University of Purdue Oberlin Oberlin High School Brown Lipe-Chapin Elyria Murphy Concern Kenny Janet Lou Michaeline Marcy Dr South Amherd

Tip Debate in Chester Basin Reflects Broad Gratuity Grievances

A Chester Basin reader laments tipping as a universal cost of travel and service, arguing the practice taxes patrons while many workers rely on tips. She notes abuses in nightclubs and questions why porters, clerks, and teachers should be tipped, urging action to curb double charging and broaden tipping accountability.

Chester Basin Eva Scotia Prince Edward Island Starn Europe

Negotiation Pay's Issue In Dispute

A dispute over paying union members for time spent before a three member fact finding panel pits United Mime Workers Local 13612 against the Balti geore and Ohio Railroad docks in Lorain Toledo and Huron. The dialogue centers on how wage timelost during negotiations should be compensated and the potential impact on the dock operation and workers.

United Mime Lorain Toedo Huron Lee C. Ferguson GMW Loram Umws

North Olmsted To Graduate 81

Ground rules set for emergency mediation board created by President Eisenhower to avert Great Lakes dock strikes. Meetings moved to Cleveland for Toledo Lorain and Huron disputes. J. J. McLeod to speak at North Olmsted High commencement June 2. 81 students graduate in gymnasium.

Eisenhower Great Lakes Nathan Cayton Washington, D. C Dudley K. Whiting Detroit Morrison Handsaker Easton umgQn Toledo Cleveland Lorain Huron Wwnic K. E. Lower

State Tax Revenue Up In Lorain County

Lorain County sees a sharp weekly upturn in sales tax yield for May 11, with $73,364.70 collected on stamp sales to merchants, 24 percent higher than the previous year. Year-to-date totals narrow the gap versus 1955, while statewide collections for the period run 14 percent below last year’s level, as of May 21.

Lorain County

Poppy Day Dance Held Tonight in Amherst

In connection with the two day Poppy Day drive the American Legion Auxiliary hosts a Poppy Dance at the Legion Home on Middle Ridge Rd tonight. The public event runs from 10 p.m. to 2 a.m. with admission 2 per couple.

Amherst American Legion Auxiliary Legion Middle Ridge Ra

Also Mentioned on This Page

ESW Oneill Senate Steve Caruso Lorain County Cio Council AFL Elyria Central, Labor Union Lorain Federation of Labor Afl-Cio Acio Insurance SCD Nationwide I . Cara A Ationwide Mutual Insurance Company Ed Ala Eee Eye E Vie Labs J. A. Gargasz Anderson Bram Western Automatic C-T Q. Tam Firm Names Roger E. Spear Joint Apprenticeship Committee Lorain County Master Plumbers Association Master Plumbers Association By Shirley and Bob Sloane Usua Cme Amercan Machine Foundrry Pemsalt Chemicals Cluett Peabody Chrysler Or Combustion Engineering Ferguson Fearwort Deck Co B & OQ Chrys Lier Questen Ontiyear North Olmsted Broad St Bell's Chio Caly Sibley LOU Pierce Radio & TV Tran Building North Ridgeville Lorain County Bank
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