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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 14, 1959
Page
16
A reader asks whether to hold Curtiss-Wright and Bethlehem Steel amid losses. The adviser suggests disposing part or all of Curtiss-Wright, retains Bethlehem Steel, and offers five dividend paying growth stock ideas Colgate Lehn Fink James Talcott and Drackett Company with earnings yields and rationale.
A compact listing shows unions meeting each weekday in Lorain with locals from Plumbers to Painters and Carpenters, including Local 2186 USW Local 1980 IAM Local 996 and others. The schedule covers Elyria manufacturing teams and metal workers, concluding with Saturday sessions for DAW Western Automatic Local 224 USW and Republic Steel.
Chromalloy Corp will enter tool materials and nuclear reactor metals via acquiring Sintercast Corp of America. Sintercast owns Ferro-Tic tool materials praised as a major advance, combining high-grade steels and cemented carbides for complex shapes. Key personnel will operate Chromalloy’s new division, with facilities in Yonkers and plants in New York, Los Angeles, and Edwardsville.
The Daik Telegraph notes Britain's booming prosperity and cites a London County Council report showing pawnshops in London fell from 220 to 153 since 1951, indicating a shrinking market for pawnbrokers.
Tibbitts Tire Co. enlarges its retreading department at 36 East Main Street to handle higher demand. The plant now offers retreads matching new tire specs with a five year or more guarantee and can exchange retreads for old tires. Retreads cost about half the price of new tires and can be completed in one day. The U S Royal Masters line is highlighted as a premier new tire option with low profile design and enhanced protection features.
shoppers eyeing a new TV this Christmas can explore liberal trade in allowances at Ryan Appliance 402 East Ave on RCA color sets. Walter Ryan notes RCA promotions, attractive trades, and a one year parts guarantee with RCA trained service. used sets in stock include Slack and white consoles and portables. stereophonic records rise with Zenith and RCA, including a portable with removable speaker for distant sound separation.
About 2,600 workers at several local plants will receive automatic wage raises under United Automobile Workers contracts. Increases vary from six cents per hour to 2.75 percent depending on the facility and contract anniversary dates. Local 99 at Elyria Belting, Local 780 at Brown-Lipe-Chapin GM, Local 1161 Piaudier Co, Local 971 Bendix-Westinghouse air brake, Western Automatic Machine Screw, and Manufacturers and Fabricators’ Local employees are affected.
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