Chicago Tribune from Chicago, Illinois • 65

1 STOCKS ustness ytJClflCC Chicago Mi) (Tribune TR.SPORTATIO Monday, August 24, 1959 Paje7 Afiit-A nnnriTf Line Chicago Fleet Adds 2Ttiss OMLtd, KUNI NEWS OF ADVERTISING INDUSTRY Regional Sales Head its "creative crews." The Nance, transferred to New $875,000 Outlay OF HARVESTER the Builders club. The Advertising Specialty National association's 56th. annual convention opens Wednesday in the Palmer House. for Expansion York William Ewart, formerly with McCann-Erick-son, was named to the copy department of Tatham-Laird," Inc. emphasis will be on keeping shippers abreast on new developments in facilities and equipment.

The campaign has scheduled advertisements in Chicago newspapers, including The Tribune, in BYNICKPOULOS The increased port of Chi cago steamship activity gen' AltS AT 1EW PE 'jpfwjiu- Lilienfeld Qa. appointed Paul A. Grella as art director. erated by the opening of the He was an art St Lawrence seaway has prompted Great Lakes Tow director for Pabst Brewing 9 Month Volume Sharing in Ad Planning Advertising planning in large companies has put the regional sales manager in the spotlight, Sfles Management magazine reports on a survey of marketing executives. Regional sales chiefs in nearly all consumer product industries frequently make or share many advertising decisionsincluding where to advertise, what to advertise, and even how much to spend on advertising, the survey of 630 executives concluded.

The regional man's increasing stature reflects the comprehensive knowledge he has of his market. He knows both lng company to add two tugs to the local fleet at a total company Newell T. Tops a Billion cost of $875,000. Schwin, for I IMI HUM HII The new tugs, the Joseph The Joseph H. Callan, one of two new tugs added to Great II.

Callan and the Massachu International Harvester Lakes Towing company fleet at the port of Chicago. The setts, bring to 11 the num Callan, built at a cost of $500,000, is outfitted for work in WE'RE OPEN TONIGHT UNTIL 9 P. M. at BOTH OFFICES 141 W.Jackson Blvl TeLWA bash 2-8950 350 N. Michigan Ave.

TL Financial 6-3700 If Msniiy erernij is twienient fine to discist inTestment yraklenii, hrt ilka Goat are tyea to sent ym. Wc irrite jtm to came aoi ihnss any jnmtmirt Batter with cxaenetxet' tif Beaker. company operations in the third quarter of its 1959 fiscal year continued at rec merly director of production sales for CBS Television in New York, was named vice president open lake. ber of such craft maintained by the company to serve the lake and ocean ships using Promotion of a appliances as Christmas gifts thru United States Steel corporation's Operation Snow-flake will begin Nov. 16.

The sixth annual program is designed to unite efforts of manufacturers, distributors, retailers, and other groups. Spector Freight System, announced a $400,000 advertising and sales promotion campaign to run the next 12 months. John M. Rolfe, a vice president of Foote, Cone Beld- ord breaking levels, producing the largest sales for any the city rivers and harbors Grella "Addition of the two tugs single quarter in the com media and competition and pany's history, Frank W. Jenks, president, disclosed Sunday.

In a quarterly review of the company's business, Jenks ii The tug Massachusetts, which with the Callan, brings to 11 the number of such craft operated by the company at Chi in charge of advertising and public relations for Associates Investment company, South Bend, Ind. Loren E. Shears will retire Oct. 1 after 23 years with Reincke, Meyer Finn. Plans for a 116 by 104 foot electrical display sign to be constructed on top of the building at 12th street and Michigan avenue were announced by Pepsi Cola Gen-1 eral Bottlers, and WNBQ-WMAQ.

Pepsi Cola is the principal leaseholder. The sign will have a 100 foot run cago. The Massachusetts cost $350,000 and will be used pri Fenmir Smith Inc. Members Nett York oni Mil-west Slocl( Exchanges mi mil principal iloc mi commodity txchanfts. reported that sales in the first nine months of the fiscal year topped the billion dollar mark for the first time and net income in the period was "the best we have ever had for a comparable period." Carry-Over Dwindles The new record for sales in mg, who has been on the creative staff in Chicago, was appointed to a similar post in the agency's San marily for river and harbor work.

horse power diesel. Both the Callan and the Massachusetts if permitted to share in the planning can come up with better merchandising of the advertising, the executives said. Kenyon Eckhardt and Radio Corporation of America jointly announced the termination of their relationship, effective Jan. 1. The National LP-Gas council named Bozell Jacobs, as its agency to start with the 1960 campaign.

Terry, Gray-Schwarts Harris, has added the agreement of Sterling-Harris, Studebaker Lark-Mercedes Benz dealer. A panel of company advertising managers will address the Chicago Copywriters club at a dinner meeting Sept. 1 in Is a further indication of the company's confidence in the future of the port of Chicago," said Laurence C. Turner, president of Great Lakes Towing. Expect More Expansion In recent years our company has doubled its fleet of operating tugs in the Chicago area.

We confidently expect that traffic requirements here will necessitate our using at least 15 tugs in the relatively near future." The Callan named for a lirector of the company was built at a cost of $500,000 and will be primarily used for work in the open lake. The 86 foot craft is powered by a 1,000 horse power diesel engine. It has a galley for use by the crew on long trips and a i o-telephone equipment for long and short range communications. were built in the company Francisco yards in Cleveland. the third quarter ended July Cnicagoans can recognize 31 erased a record just set company.

Harold O. Hayes of Ful Lireat Liases Towing com in the preceding quarter, Jenks said. ning news strip, serviced from Bolfe ler Smith pany craft on Lake Michigan, Chicago and Calumet rivers, the NBC stations, with letters The quarter's results were "particularly welcome," he and Lake Calumet by their nine feet high. The Chicago, Milwaukee, red cabins and green hulls noted because sales were less and the white on their stacks. The other nine com influenced by any carry-over demand, 'from the strike the corresponding period a year ago.

And many of the ships negotiating the enlarged St Lawrence seaway are about twice as large as those that came to Chicago in the old seaway years. Reduced Up to 60 Elsewhere on the Great Lakes, the company's business has been slashed as much as 60 per cent as a result of the strike, McGarity said. Great Lakes Towing is the largest company of its kind on the lakes and one of the largest in the world. It was organized in 1899 by a number of vessel fleet managers who were dissatisfied with the unsatisfactory towing, wrecking and salvage serv $300,000 Joint School 1 of the Villages of Wonwoc and Union Center, Wisconsin School Bonds Sealed bids for the purchase of $300,000.00 school bonds of Joint School District No. 1, Village of Wonewoc, Wisconsin, will be received and opened at 8:00 o'clock p.m., on September 8, 1959, at th Wonewoc High School, Wonewoc, Wisconsin.

The bonds will be dated July 1, 1959, denomination of $1,000.00, due serially on July 1 of each of the years 1962 to 1979. Additional Information may be obtained from: Charles H. Wilkinson, District Clerk, Wonewoo High School, Wonewoc, Wisconsin. St. Paul and Pacific railroad in a new campaign this fall pany tugs serving the port of will highlight what it terms period earlier in the fiscal year and also because the period's sales ordinarily show Ross was elected president of the Chicago Area' Agricultural Advertising association.

Joseph R. Del Papa was named radio and television copy chief of Erwin Wasey, Ruthrauff Ryan. Karl Sutphin, account executive, was appointed media director in Batten, Barton, Durstine Osborn's Chicago office. He succeeds James B. Chicago are the Montana, Idaho, Wyoming, Alabama, Delaware, Kansas, Louisiana, Mississippi, and Washington.

Personal Income Up, But some seasonal decline not felt this year. A substantial decrease in August sales will result, he The steel strike with the at Higher Prices Offset Rise tendant suspension of ore boat movements has cut the said, from a two week vaca company's business at the Washington, Aug. 23 W) tion shutdown of major manufacturing plants in the port of Chicago by 15 to 20 ices. At that time, there was no per cent, according to Capt. D.

J. McGarity, vice president in charge of the western division with headquarters in Chicago. The Callan is the only tug In the company's fleet of 56 vessels equipped with a high thrust Kort nozzle rudder. Application of this new principle provides the Callan with higher maneuverability she can turn in her own length and more power. Pilot House Telescopes The tug also has a telescoping pilot house to minimize bridge openings.

The Massachusetts cost $375,000 and will be used generally for harbor and river towing. The 84 foot yraft Is powered by a 1,250 uniformity of rates or method of charging for services and independent tugs were carry "The ships engaged in ing on competitive practices ii a La. i Average per capita income was slightly higher in 1958 than the preceding year but price increases counter-balanced the gain to make real per capita income a bit less, the government reported Sunday, For the country as a whole, the commerce department reported personal income totaling 356 billion dollars in 1958, up SY2 billion, or 2 per cent, from 1957. "When allowance is made max. were proving aesirucuve.

foreign trade have helped take up the slack here," said McGarity. Ocean ships paid 247 calls at the port of Chicago as of Aug. 1 compared with 175 in a slight amount to 7 per cent." The average or per capita, based on population income was $2,057 last year, compared to $2,043 in 1957. Single price increases more than counter-balanced this small rise; real per capita income in 1958 was a little less than in 1957," the department said. The department's annual summary showed the largest dollar advances in personal income occurred in the southeast, where the total 1958 income was 2 billion dollars higher than the preceding year.

In the Great Lakes area, where the 1957-58 recession centered, personal income fell 550 million dollars. Also, tugs and wrecking and salvage equipment were mostly obsolete. The vessel managers first thought of building a fleet of CHICAGO SHIP AKEIVALS new tugs with suitable wrecking equipment, but they soon realized that this action would for the small rise in consumer MD SAILINGS month, in accordance with union agreements. Chief Outside Factor Chief external factor in his prediction was the steel strike. Jenks said half of the company's steel needs are met by its Wisconsin Steel Works division, which is not affected by the strike.

The remainder of its steel requirements come from the strikebound industry. "We now think that our operations can probably be maintained at their present levels thru September, but we know from experience that unexpected shortages which would affect production could develop before then. In addition to the steel strike, Jenks said a major area of uncertainty will be the opening of wage negotiations in the rubber industry early in September. The record sales in the third quarter totaled a 56 per cent increase from the corresponding period of fiscal 1958. Total sales for the first nine months of the year were ruin the small independent towing operators.

prices," the department said, "more than half the states show gains in real income. Owners Offered Stock They decided instead to In a dozen others, real pur buy as much of the existing chasing power was about the same as in 1957, and else where declines ranged from (Ttodayat 77i( 4 II CORPORATION EARNINGS Nina Months Ended July SI Intl Harv 161,460,000 $29,343,000 Per share 4.12 1.81 Quarter Ended Jnna SO equipment as the owners cared to sell and substitute new tugs as the need arose. Tug owners were offered the opportunity of becoming stock owners in the new company. Many of them came into Great Lakes Towing and participated in its operations; some retired from the business after selling their tugs and equipment; and some refused to sell and continued their operations. Tennessee Corp 2,642,900 1,948,900 CORNED BEEF CABBAGE FREE BUS leaving 7 p.

in, to and from SOX PARK 327 S. Frymoiith Ct. WI t-8479 Per share 1.41 1.04 Six Month! Ended Jnna 80 Chemoil Indus. 64.000 210,000 Year Ended June SO Archer-Dan-Mid 6.435.386 3,903,622 Per share 3.3S 2.45 Loss. $1,027,286,000, compared COXTIXEXIAL FORTS Arrival Ball In Une Date Data FiVa Hjcar Ant.

24 Aug. 25 tVaxhnlra Swedish American Ana. 25 Sept. 2 Kristina 'ordlake Aag. 28 Sept.

1 Roland Baal Hamburg American Aug. 27 Aug. SI Valeria Hamburg Chicago Aag. 28 Aug. 30 Ttndefjell FJell-OranJe Sept.

2 Sept. 9 VtrtUia Hamburg Chicago Sept. 2 Sept. 4 Weissenbara. Hamburg American Sept.

2 Sept. tCarlsbolm Swedish American Sept. 4 Sept. 8 Imrrld WeMe Poseidon Sept. 4 Sept.

6 Lokjeflell FJeU-OranJe Sept. Sept. 9 1rin Willem Geo. Frederick Fieli-Orania Sept. 7 Sept.

11 Laada Hamburg Chicago Sept. 8 Sept. 12 Trantontario Poseidon Sept. 8 Sept. 10 Transqaebec Poseidon Sept.

13 Sept. 13 Catherine Sartor! Hamburg Chicago Sept. 18 Sept. 18 Kaarina Xordlake Sept. 23 Sept.

26 Leapaol Hamburg Chicago Sept. 23 Sept. 28 SCANDINAVIAN AND BALTIC 'Carolina Smith Swedish Chicago Aag. 24 Aug. 27 RaTnefJeU Fiell and Fiord Sept.

10 Sept. 11 MEDITERRANEAN Catanlaa Kllerman Gt. Lakes Aug. 23 Aug. 26 Galila Zim-Iarael Aug.

27 Aug. 29 Jtysanz Concordia Aug. 28 Sept. 1 Maria Faasta Montshlp-Cape 1 Sept. 3 Sept.

7 labrador Fabre Sept. 3 Sept. 7 Akot Niagara Sept. 9 Sept. 11 Capo Faro Montship-Capo Sept.

11 Sept. 15 Fxtria American Export Sept. 14 Sept. 16 Mildred Cord Fabre. Sept.

16 Sept. 19 Tardea Zim-lsrael Sept. 17 Sept. 21 Anglian Elleman Gt. Lakes Sept.

22 Sept. 24 Fierre Montship-Capo Sept. 28 Oct. 4 CARIBBEAN AND SOUTH AMERICA Elizabeth H. Finer Transcaribbeaa Aug.

24 Aug. 25 Santa Alicia Grace Aug. 24 Aug. 25 Gloria French Sept. 2 Sept.

4 Sonsnl Sartorl Michigan Ocean Sept. 4 Sept. 5 Santa Cristina Grace Sept. 13 Sept. 14 Santa Begins Grace Sept.

23 Sept. 23 UNITED KINGDOM ONLY Fair Head Head Ana. 24 Aug. 28 Concordia Cnnard Aug. 27 Aug.

27 Erin Suebel Cnnard Aug. 27 Aug. 27 Toronto City Bristol CHy Aug. 30 Sept. 2 Catarro KUerman'i Wilson Sept.

2 Sept. 3 Bernl Kaebel Canard Sept. 19 Sept. 11 Elfriedo Canard Sept. 19 Sept.

11 Manchester Faith Manchester I-lners Ltd. Sept. 12 Sept 14 Rathllo Head Head Sept 21 Sept 24 Also United Kingdom, Also Scandinavian and Baltic. ADVERTISEMENT with $784,102,000 a year ago. Net income in the third quarter amounted to compared with in the 1958 period.

Nine months net income totaled $61,460,000, or $4.12 a common share, compared with $29,343,000, or $1.81, a year earlier. Today, the company operates 56 tugs and offers 24 hour towing service in 21 Great Lakes ports. Its fleet includes tugs equipped for wrecking and salvage work for use anywhere on the lakes. an American Export Lines vessel sails, carrying cargo between Chicago and other Great Lakes and St. Lawrence ports and; ports in the' Mediterranean.

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WAantk Dividends oi ty4 (oftr-duce and tfarev-qnattea cents (43l) per share) on the Preferred Stock aoi ef thirty cents (30d) per share ea the. Common Stock of United States Tobacco Company were this day do dated, payable September 13, 1939, to stockholders of record at the dose of basiaas Aapat 11, 1939. Checks via be tneOed bf First NetJonei Ctf Mm Wilmington, August 17, 1959 The Board at Directors hat declared this dayregularquarterlydivldendtotSI a share en the Preferred Stock S4. JO Series and S7'i4 share en the Preferred Stock $3.50 Series, both pay able October 24, 199, te stockholders of record at the close of business en October 9, 1959; also $1.50 a share ea the Common Stock ea the third Quarterly In. terim dividend for 1959, payable Bootes, ber 14.

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