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The Decatur Daily Review from Decatur, Illinois • Page 49
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The Decatur Daily Review from Decatur, Illinois • Page 49

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Decatur, Illinois
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Page:
49
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DECATUR SUNDAY Week's Seeffon 1 am ir Markets MtXdXS ftttti 3RttitU Markets Decatur Herald, Founded Decatur, Illinois, Sunday, August 18, 1968 Decatur Review, Founded 1878 Seeffon Commodity Prices for the Week Lower Rate On Discounts Boosts Bonds Monday, Aug. 12 Through Friday, Aug. 16 Cash Grain i Livestock i Grain NEW YORK (AP) The cut in the discount rate from 5 to Week's Week's Aug 17 Season's Heinkel's Packing Co. Week's Week's Rcnge Close 5Va ner cent bv the Minneannlisi wheat Federal Reserve Bank helped to HOGS 210-230 20.25-19.75 20.75-21.00 120 116U 119 165V2 1203J 1225b 125Tb 167 1225 132 128V2 131 164V2 128Vl 13514 13P.1 135'b 131V3 136V1 132'A 134'2 140vb 1384 136 13714 1393.i No. 2 white .59 .59 .59 .63 SOYBEANS No.

1 yellow 2.5S 2.56 2.56 2.63 (Above quotations represent prices paid SOWS 18.25-17.50 17.50 18.75 BOARS 11.00-12.00 11.00-12.00 Decker's Hog Market TOP HOGS 19.85-19.15 19.35-19.8S 20.50-20.50 SOWS 17.00-17.25 17.25 19.00 lOKi 1284 104'j 1048 1034 104'4 129V: Mar '69 10914 arrest a decline in the bond and money markets this past week. Prior to the annoucement Thursday, government and municipal bonds prices were lower while corporate bonds were mixed. On Friday, all sectors improved slightly, according to Salomon Brothers Hutzler, national investment firm. Long-term government issues 112'3 111V2 112V4 12V2 1124 11514 11414 115 116,4 144 SOYBEAN OIL Tonk cor, .0731 (Soybean oil quotations repr paid by refiners for crude JAMiUiiERS. Wheat Futures Suffer Setback SOYBEAN MEAL failed to rally much Friday and closed lower by more than hah a point.

Intermediate issues-5 265 265 266 281 263i J74 J75.50 ufacturers, f.o bJfe? Sept 2514 252'. 254 to 8 years rallied about an nn Chicago (AP) eighth of a point to offset half of the declines earlier in the week. Wheat futures prices suffered SOYBEAN OIL Short-term rates were steady to a sharp setback on the Board of Trade Monday that drove the plants In I Ill-News Branch noli by the U.S.-tlll Division, Springfield.) a little higher throughout most September contract to its lowest of the week. Three-month Barrows gilts declined mark in more than a quarter Treasury bill rates opened at century. 4.99 per cent, rose to a high of through the week except for slight advance on Wednesday Thursday.

On Friday prices These are some of the familiar signs of franchise businesses in Decatur and elsewhere. Hamburgers and Ice Cream Business Good for Franchise Holders Despite rallies in three later sessions, wheat closed lower 5.18 per cent on Thursday, and declined to 5.12 per cent follow were 25 cents to mostly 50 cents r- tu 1, SOYBEAN MEAL lower than late last week. Sows MM 8045 B360 au wnear, corn, oats ana rye sept ing the Fed's announcement. Federal funds continued to trade a little above 6 per cent. 7665 7510 7570 7660 7285 bcl ucw luwo 1U1 luc Dec 75 7410 7445 season Monday and some soy- similarly.

A royalty must be for some time. Miss Ray's Dog The franchisers themselves paid to the home office in Min- and Suds opened 12 years ago attend compulsory classes 7400 7405 7530 7340 By Terri Chebuhar Of the Herald and Review eanut butter and jell Dean, soyrjean on ana soyoean way 7490 7425 7460 7570 I Most corporate issues sold out following the discount rate i change. Seasoned corporates ipo wo Stami smif mhn ii.cf i.nmn lonnnhoH meal deliveries also dipped into new low ground for the season. The price plunge was set off by an Agriculture Department HAILSTORM DAMAGE A hailstorm that struck Wichita, in 1951 caused more than $14 million in pro- holds franchises on five Diary! Dairy Queen's Smith began Training Schools Uteltaf totfSf weS Queens in Decatur said ap- with one outlet in 1949 and has f. Kecent issues were proximately five, per cent 5 added a new franchise every LJSJStSSh SL steady to 25 cents lower.

Supply mostly 200-250 lbs barrows gilts. Sows about 6 per cent. Barrows and gilts: On Friday; US 1-3, largely 2-3 200-230 lbs 19.25-19.75 except Northwest area 19.00-19.50; US 1-2 200-225 lbs 19.75-20.00; US 1-3 190-200 lbs 18.75-19.75; US 2-3 230-250 lbs. 18.75-19.50; US 24 250-270 lbs 18.00-19.00. Sows: US 1-3 275-300 lbs 17.00-17.50, few 17.75: US 1-3 300-400 lbs 16.25-17.25; US 2-3 400-500 lbs 15.25-16.25; US 2-3 500-600 lbs 14.25-15.25.

report estimating record hi jjcsuiie ueuer unee.i i cav. few gross sales goes for royalties, years. S. wheat and soybean crops gfEg damage- a half weeks. Graduates are municipal bonds declined for Both McDonald's hamburger! Neither of the two found sandwiches may still be the most popular of the A 11-American lunch treats, but hamburgers are a close second and much of the hamburger's success can be attributed to franchising.

Approximately 400,000 franchisers dispense some $40 billion a year in goods and services. awarded a "bachelor Decatur are hard to obtain businesses hnrnlncfv F.ir-t'no.- tU the first week since early July. Advances Friday offset about a third of the declines earlier managed locally, but the three because they got in the market lt early. rt waiuujs uai iui wiuc degree: the week. Long term municipals franchises now not uncora- this year and a corn crop only 4 per cent below last year, despite an acreage cutback.

When trade closed Friday, wheat was 'l to 21i. cents a bushel lower, September corn higher to lower, September to 1 lower, September 563i cents; franchise holders are not all from the area. Recently Edward A. Bood, McDonald's franchising director said the IcomDanv 'Drefers ODerations bv At the franchise schools, crash courses in beekkeeping, manatrpmpnr fnnd nrenaraf.ion. mon.

No Failures Smith, who closed about 1 points below their highs of the year reached the previous week. The week's most sizable offer Paramount among the We urge you to overlook this new Victor register. one of 4,00 mechanics a'nd phases, depen- franchisers are hamburger, hot individual entrepreneurs rather Dairy Queen -a i ding on the franchise, are of- Over Counter Stocks son ice cream ana pizza than by hired managers. "A rye 1 to 1 cents higher, Sep man works a lot harder when! fered ing was a $129 million block of local housing bonds sponsoad by the U.S. Housing Assistance 7 i umtea scares ana aoroaa saia he has a stake in the business.

Administration. tember $1.08 and soybeans lower to l'i higher, August $2.66. Soybean oil was 2 points low he has never known a uua Queen to fail. it's not always a lark. Finding qualified personnel to The hours are long.

Miss Ray staff the businesses is goes the duration from 8:30 Though many of the fran-chised businesses in Decatur are held in absentia by people from other parts of the state, some local managers are ac osked quotations (The following I he commented. McDonald's franchisers normally own the food service, local securities dealers ore ORCHARD MOVED representative inter-dealers prices arches An orchard of peach trees i 12:30 pm- er to 1 point higher, August sometimes difficult, the a.m. until 1 a.m. the following All American Life was recently uprooted tively taking part in their con-1 neon lights, but the company cerns. jowns the land on which the While franchising, according i stand is built.

Turnover is frequent because Even though Smith has wh tup manv are hieh school students manaspr: running each of tustr.p rori1antoH TV Company Share who work one or two summers five Dairy Queens, he said 1 American shipper, building a peach-canning factory in Nimes, took this means of ensuring a steady supply of American cling peaches. I6V4 168 69V2 70 60 61 32 33 30 31 13 14 23J4 24 82 bid 1914 20 10y2 bid 60 bid' 27 278 28 29 American Express Anheuser Busch Carson Pirie Scott Central Telephone Franklin Life Int. Fire Cas. LIN Broadcasting Millikin Natl Bank Miss Val Struc Stl Progress Indus Soy Capital Travelers Corp. Wallace Bus Fms 7.23, and soybean meal was 55 points lower to 285 points higher, August 83.65.

Most other news during the week had a bearish influence on prices. The Russian agriculture minister reported the Soviet grain harvest would exceed last year's production due to increased agricultural efficiency. There was a possibility some surplus would be available for export. The Agriculture Department's Foreign Agricultural Service reported that as of conditions to Webster, is "freedom of immunity from some burden or restriction," certain regulations govern the operation of one's particular business from his franchiser. According to Sarah Ray, proprietor of Dog and Suds at 3668 E.

William Street the business, grounds and appliances belong to her. Purchase Obligation An eight per cent return must at most then go on to college or i takes him 12 hours a day to be made to the company on to military service. oversee the operations, annual gross sales, in addition! Sandy's of Decatur has tried! Others depend on assistant to a 2.5 per cent franchise tee. to alleviate some of the con-j a a to keep the McDonald's estimates that the! fusion resulting from 1 a businesses running when they "average well managed unit" i turnover by a training system are off. realized a 14 per cent profit composed of a manager, assis-i Despite the long hours and after taxes last year.

tant manager and manager jm a a gement responsibility, Locally franchised operators trainee who is usually still a i Smith summed up his feelings said getting an outlet in high school student. One is on; when he said, "I worked in a Decatur was not difficult, but i duty all the time to oversee new i factory for nine months and AIR POLLUTION Air pollution in the United States costs the nation over $12 billion annually. Weekly Stocks in the Spotlight Her only obligation to the for the most part the market employes, didn't like it; since then I've existing in mid-July, the world irancnise is that she buy the "is sewed up" now. A new Miss Ray, who i i always worked for Dog and Suds root beer, orange franchise operation would be teenagers on both shifts, says! With all the responsibility JEW YORK (AP) Week's twenty mostoctive stocks. 1968 wheat harvest would total ana other drinks distributed needed to expand the market, she has some problem with! long hours and individual woes through the franchise.

Many of Decatur's franchised turnover but, "has a ball work- it is clear manv favor it over Low Close Chg. Dairy Queens are operated I businesses have been operation 1 ing with the uemg me employe 42', Scnenley Coml Cred Lytton Finl MobllOil 10 billion bushels, approximately the high levels of the past two years. Ideal growing weather continued in the U. S. corn and soybean belts.

The nearby contracts in soybean meal showed the only outstanding strength during tht week posting new highs for the season. Soybean meal is temporarily in short supply because Victor's new Series 45 is built low. So even a five-foot clerk or checker can watch your customers. And answer their questions. It's priced low, too.

Which is hard to believe when you see the new features. No threading detail tape at all. It comes cartridge-style. No tearing off receipts. They're cut, automatically.

Each clerk can lock his own drawer now. And the master tape is locked in tight. So our new 45 not only makes everybody taller. It helps to guarantee nobody's short at the end of the day. Rossiter's Office Machine Service 248 W.

Main 429-2436 Gains Shown On Counter, Amex Markets First Advance in Five Weeks Stock Market Reverses Decline 329,000 323,300 321,600 Reserve Board toward lower in Benguet Chad Goth start on the basis of reports that progress was being made in the terest rates, strikes and vacation shutdowns NEW YORK (AP) The stock market posted its first advance in five weeks this week as the trading pace quickened. The week got off to a good The Dow Jones average of 30 industrials turned -in a gain of have closed several major pro Vietnam peace talks in Paris. It closed on an upnote due in part to amove by the Federal (c) 1968 New York Times New York Prices advanced on the American Stock Exchange and the Over-the-Counter Market last week, with Wednesday's trading again suspended. cessing plants. Demand for rye improved late in the week, giving that 2614 1414 Am Cement NEW YORK (AP) Week'! Yearly 16.24 for the week, rising from 869.65 to 885.89.

The Associated Press 60-stock average rose 4.6 to 330.6. Standard Poor's jO0-stock index added 1.67 at 98.68. Of 1,677 issues traded this grain a good advance. 1 1 Aircraft Industries Small Firm Seeks Growth week, 1,038 advanced and 507 declined. There were 134 new Volume on the American Ex-' change for the four days was 20,050,448 shares, compared with 16,198,055 the prior week.

The exchange's index closed on Friday at $28.64, up 68 cents I from the previous week's $27.96. 1 Nytronics Crystal Oil 395,400 329,800 234,300 213,000 212,400 202,100 199,600 1968 highs and 40 new lows. Volume rose to 45,812,760 (c) 1968 New York Times New York The International Controls shares from 39,796,102 last week and 41,978,010 a year ago. Spurred by heightened peace i h. Corp.

an infant company traded In volume, the week's leader American Stock Ex- was Midwest Financial, up to? SS? on 399,500 shares traded. ZJl eJ I bigger company that is just as hopes, the market jumped to one of its biggest gains in recent months on Monday. Other favorable factors were a surge in retail sales in July, improve ment in new orders and produc Careers For You By Helen Collins Aircraft together accounted for 51 per cent of 1967 sales of $6,834,503. The company earned 25 cents a share in 1967 compared with two cents a year earlier. On Thursday, Robert Vesco, president of International Controls and owner of 46.9 per cent of the 2.4-million common shares purchased 300,000 shares of Empire Financial Corp.

common shares from the key officers and principal stockholders of the financial holding company. Those 300,000 shares amount to about 25 per cent of the company's 1.2 million shares. Earlier, International agreed to acquire Van Nuys Skyways and Princeton Aviation, both of which offer various air services similar to those of Fairfield Aviation, a subsidiary that operates the Wright-Caldwell tion and arise in employment. The gain of 11.37 by the Dow Jones industrial average that day was its largest since April Nytronics 4 to 28V4 on 329,800 ubuiuucu Ooldfield to 12 on companies since January, hopes res- to gain a foothold in the Elec- On the Over-the-counter tronics Specialty Co. a Big Market the National Quotation Board company with 16 times Bureau's index of 35 industrials the sales reported by Interna- closed the week at 401.83, up tional in 1967.

7.03 from the previous Friday's international Controls was not PUBLIC AUCTION SALE THREE CITY PROPERTIES Sale will be held at the North Door of the Macon County Courthouse in Decatur, 111., on WEDNESDAY, AUGUST 21, 196810:30 A.M. 450 EAST STEWART, Residence on lot 40 feet by 113 feet, described as Lot Twenty in Block One of H. A. Wood Second Addition to City of Decatur. 5 Room all modern with new gas furnace.

Now rented. 355 WEST PACKARD, Residence on Lot 55 feet by 36V4 feet, described as Beginning at a point 152 feet West ol the Northeast corner of Lot One in B. L. Howenstine's Addition to the City of Decatur, thence South 55 feet, thence West to the West line of Lot One, thence North to the North Line of said Lot One, thence East to the place of beginning. 6 Room dwelling, 4 rooms down, 2 bedrooms bath up, gas furnace.

Now rented. 1004 NORTH MAIN, Residence on Lot 85 feet by 40 feet, described as The West 85 feet of the South 40 feet of Lot 6 of John William's Addition to the City of Decatur. 6 Room Brick with 2 bedrooms. Dining Room, Kitchen, bath Living Room with Fireplace down, Large Bedroom up, Attached double garage. Gas fired Hot Water Heat.

Now rented. This property is zoned B-2 commercial. TERMS: 20 of the purchase price in cash at time of sale. Balance upon approval of title on or before October 1, 1968. POSSESSION: When terms of the sale are complied with, subject to the rights of the tenants on a month to month ental basis.

TAXES: For the year 1968 will be pro-rated as of date of final Settlement. FOR INFORMATION CONTACT WILSON, DYAR. HOUCHEN Sc McDONALD, Attorneys At Law, Suite 201, Mid America Decatur, 111. Ph. 429-4491 "HUBE" ELLIOTT AUCTIONEER Ph.

877-4285. Decatur, HI. SIMON BURSTEIN, Estate 11. The market followed up with a smaller advance on Tuesday. MECHANICAL ENGINEERS (ME or related), experience in reciprocating or rotating machinery, pneumatic systems.

No bar work. Familiarization with electrical components desirable. $11,000 fee pd. ACCOUNTING OPPORTUNITY, experience a must, degree not even incorporated a decade age, but it already has become necessary. Capable of all phases, including iinanciai sid.euicu- $7800 new car 4- gas.

Fee negotiable. After the regular closing of securities exchanges Wednesday, the market slipped to a moderate loss on Thursday when no solid developments were forthcoming from the Paris peace talks. A rise in personal income to a record annual Among the leaders were American Express, up 3 to 69y4; Bird Sons, up 3 to 61; Central Transformers, up 4 to 40; Dow Jones, up 6 to 109; Odell, up 3 to 42- Delcro In factor however minor in a variety of industries. The company and its subsidiaries make a wide range of productsprecision parts for commuters, air planes and other LARGEST PACKERS in need of Quality Control Man to add to staff, heavy food technology background. Travel 30 out of Continental U.S.A.

by commercial air. $12,000 to $15,000, fee paid. MALE TRAINEES, draft exempt with good math skills, excellent dustries, up 3V2 to o4V2. Airport in Fairfield, N.J other moves, interna-1 rate failed to inspire investors. Rucker off 4 to 31.

Hi 1 industrial equipment; control And potential. SERVICE outside and inside, training school available. Mechanical background essential, 40 hour week, salary range $100 to $12o as Alter ine ciose 01 irauuig tional agreed to acquire Shear lost 5 and Midas In- devices for military and ternational dropped 1. dustrial customers; and Peninsula Savings 0 a nUMirsaay, me reueiaj neseive entrance level. in tne insurance issues, niuiueunviuji iui we assoc.

a wnouy ow rT Argonaut Insurance gained 4 cryogenic low-temperature -1 subsidiary of First Peninsula ting tne Minneapolis Helen WOIIIHS rerSOIHICI to and Crum Forster lost industry. I California which is in the bank to reduce its discount rate SERVICING executive ADMINISTRATIVE TECHNICAL ZVz to 71. Bank stocks were IBM and the Sikor skysavings-and-loan business in the I to per cent from 5Vi Per opportunities ALL fees PAID LOCAL NATIONAL fractionally better. i Aircraft Division of United San Francisco area. I cent.

1 Call in Confidence 423-6909.

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Years Available:
1878-1980