3 1 c' THE SPRINGFIELD D. H. DALBECK APPOINTED BY INC. Former Head of Package Machinery Gets Newly Created Post The appointment of Donald H. Dalbeck as ercutive vice president of Titeflex, has been announced by Frederick W.
president of Titeflex. newly created position, Dalbeck will be responsible for all company operations in the Springfield plant including engineering, manufacturing and sales of the complete line of Titeflex flexible hose products. Dalbeck, a native of Worcester brings to Titeflex a wealth of 0 DONALD H. DALBECK practical business and management experience in manufactur11g and cost control. For ten years he served in various management capacities at the Prentice office president and treasurer from 1955 to 1958.
Following the integration of ReedPrentice with Package Machinery Co! in East Longmeadow, Dalbeck also served as president and treasurer of Package Machinery. In 1958, he joined Channing Corp. in New York as financial consultant and later became treasurer and assistant secretary of the corporation. In addition to his professional accomplishments, Dalbeck been extrentely active in civic and social activities. He was director of the Worcester Boys Club from 1951 to 1958, national vice president of the Controllers Institute of America and has held various offices in the Community Chest of Worcester from 1945 to 1958.
In addition, he was a director of the Guaranty Bank Trust Company of Worcester and a trustee of the Worcester Five Cents Savings Bank. He currently resides in Worcester. complaints last fall. In this case, the courts allowed the rusticer to go through, leaving to bring charges against the purchasing companies subsequently. Finally.
"ABC' deals required ruling for the lower capital gains tax basis, and the Bureau withheld such rulings for several months last year until convinced of their legality. have brought sharp appreciation Some oil company "sell outs" in the stocks involved. This taturally raises the $64 question as to who will be next. Unforpredict with any assurance of tunately, this is impossible to success, according to the United Business Service. Moreover, the stocks logically regarded, as merger candidates have already risen materially in anticipation of just such a development.
Cost of Postal Hike Postal rate Increases now pending in the Senate would increase postage costs to businessmen up to $1,000,000 nually in a representative American city of 100.000 lation, a survey by The Roanoke (Va.) Times shows. The Times Surveyed a cross section of business and municipal government offices in seeking to ascertain the im: pact of the proposed new fates on the economic life of the city. In an editorial, the newspaper said the hike in first class mail rates "represents 8 fairly steep increase." "As far 88 second-class users are concerned. it seems to be a question of whether the new rates would permit some magazines with limited circulation to stay in business," the Times said. few of these with high literary reputation but with considerably less than mass appeal operate on such narrow profit that added cost of mailing could easily force them to the wall.
is considerably more justice in requiring junk mail under third class rates to bear more of the burden. But here again is a problem, whether the rates might he 50 high that postal revenues would diminish rather than increase. "These are considerations that could conceivably influence Senate's attitude to rate boosts. The guiding principle should be fairness to all class-' es of users." End of Era Seen "The United States is at the end of an era. Since has become the most powerful industrial and commercial nation in the world.
Whether our ancestors knew it or not, they initiated the largest Common Market yet established in U. Yet today this has the world Common Marketbecome 8 market for producers in the rest of the world, and at the same time We are losing our own ability to compete in our own and world markets." Selden T. Williams, president Scovill Manufacturing Co. UNION, SPRINGFIELD, MONDAY, MARCH 5, 1962 BLUE CHIPS By Morrie 27. LOOK AT IT, PIGEON! AREN'T THE MARSHAKS STOCK IS YOU ASHAMED OF YOURSELF? THE FARBS' STOCK IS THE TOUCHE' GODOWS' STOCK IS THEC 9 by The BRICKMAN The Daily Investor By WILLIAM A.
DOYLE Q. I am 36 and have 8 Howard Springfield. For brochure, write Lee Institute, Box 1, Brookthe first try. FREE FIRST LECTURE, March 16 at P.M. at 23 Q.
T'am the president of 8 line, Mass. 1 4 53 13 5 0 Savings and Loan dollars make jobs for them all! Billions of dollars annually in financing are provided by Insured Savings and Loan Associations to build new homes. This money pays all kinds of construction workers. makes business for the builders, the building materials dealers, the hardware dealers. It creates jobs in hundreds of factories which manufacture materials, and for those who supply the raw materials.
Dollars put into your Worcester Federal Savings account benefit the entire community. REGULAR ANOTHER FOR RECORD Dec. SAVINGS 31, 1961 SAVINGS UP SYSTEMATIC per annum dividend DIVIDEND extra en our TO dividend plas up to for the 6 months 1961 period "Bonus Tian ending Dec. 31, Inas plan. WORCESTER FEDERAL SAVINGS AND LOAN ASSOCIATION 1243 Main Springfield Resources Over $200.000,000 Now England's LARGEST Member Federal Barings and Loan Insurance Corp.
yearly income of over $10,000. life insurance, medical insur. ance and pension plan. I am able to save approximately $900 a year and have been in- resting, my Massachusetts savings in Investors shares Growth Stock Fund. I reinvest all dividends and capital gains distributions.
This investment is planned for disaster type emergencies, college education our dren and eventual retirement. note that you sometimes advise specific stocks for individuals in circ*mstances similar to mine. Would you suggest that I sell my mutual fund shares and buy stocks of individual industrial companies? A. No. You must realize that there are literally thousands of different investments you could make -many of which would be right for you and many of which would be wrong.
No one investment suits every person's investment aims. Your aim is obviously to see the value of your grow over the years. That is also the investment aim of Massachusetts Investors Growth Stock So, it's a sensible investment for Now, other investments might out better for you. But you could do a whole lot worse, in many other investments. Don't panic.
Stick with what you have. You have planned your financial affairs wisely, Your letter shows that. But there is one key part of any financial plan that you don't mention--a cash savings reserve. If you don't have cash savings reserve, I seribusly suggest that you hold up buying mutual fund shares for a while, ings until you cushion. have that cash sav- 5.
Business Industry Freeze-Drying Is Called 'Hottest Thing' in Foods Little-Known New Preservation Process Needs No, Refrigeration After Sealing PHILADELPHIA (AP) Fancy reaching into get a month-old, omelet for dinner. Or stauk. Or. codfish. Or almost any food, It might Nave been sitting there at room temperature, for a long time, but thanks to' a new food process, it could be served up hot on the plate without the eater guessing its history.
The process is called drying, the hottest thing, say field. He succeeds F. Gorham some experts in the food industry. Brigham, formerly with So little is kncwn about it outSoup Mixes Offered the Saco Lowell Shops. side the trade that last Noventber, when the Campbell Soup Co.
introduced its freeze-dried soup mixes in the Philadelphia market, it sought to explain as well as sell the new product. As Campbell puts new freeze-drying, the food is first frozen, and then it is dried in a vacuum so the moisture is taken away not as water, but as Vapor. This leaves, aimost all the natural flavor the food." A steak so processed looks like a stiff sponge. Put in boiling water, its color and texture returns. It's the same process used for years preserving medicines and blood plasma.
FOR FOOD, With it offers distinct advantages. 98 per cent of the water removed, foods weigh less than cne-fourth of their fresh weight. No refrigeration is required once the product cooked or raw is sealed hermetically. But in consumer foods freezedrying is both new and revolutionary. And, says Frank ler of Food Engineering, although it is barely beyond the pilot stage as a worldwide process it is 'a highly significant development and it is coming." The Mills, Danforth-Epply said Corp.
in of recent advisory to investors it will take time to educate the public to accept freeze dried products. "Nevertheless," the report says, "the major food companies are showing interest in the new ford processing system. It's possible that during the 1960s freeze-dried foods will build up the same rapid growth that frozen trods scored during the 1950s and sales of billion by 1970." freeze-dried foods "could reach $2 THAT FORECAST is lenging, Lawler says, "but in view af current developments and potential markets, it may not bel impossible" He says it would call for a 'tour billion-pound annual output by the end of the decade and by comparison he notes, that frozen billion-pound foods level in reached 30 years, starting in the 1920s. Why all the fuss about a new process when fresh food now is available at the grocery the yeararound; frozen, concentrated and canned products abound; con foods already take the cook oft, of cooking? For food freeze-drying has some distinct advantages among them, lower costs in transportation and storage; long shelf life and convenience your grandmother never dreamed as a girl. Shrimp from the Gulf of MexIco can be pre-cooked and frtezedried, shipped to the Midwest and East and sold for less than frozen, shrimp.
Once delivered, they are stored with dry goods; taking up less shel space then which be gan supplying freeze-dried chicken chunks and other foods to the Army months ago, has pioneered line of convenience foods for outdoorsmen as well as the military. This includes freeze-dried steaks, beat and chicken stews and cooked scrambled eggs requiring five to 30 minutes to prepace. Armour provided explorer Sir Edmund Hillary with some 300 pounds freeze-dried ham, chicken, chops, fruits and vegetables for one of his Himalayan expeditions. The products when reconstituted weighed some 1200 pounds. In the armed forces, which now must be more mobile than ever, freeze-dried foods are regarded as a logistics godsend.
The Quartermaster Food and Container Institute for the Armed last year demonstrated a meal of meatballs, mashed potatoes, green peas, peaches, coffee and salted peanuts which taste-testers called delicious. Such meals be served hot to the, GI in the middle of nowhere on neuvers or the combat. front. (Yes, the Army's kit contains instructions for boiling water.) THE INSTITUTE SAYS its quick-serve 'meals will be fieldtested for at least one year before becoming government issue. American pioneers are two food equipment makers the Food, Machinery and Chemical Corp.
San and the J. Stokes in Philadelphia. John F. Maguire, manager of Stokes' vacuum process division says, "Contrary to the usual quence whereby equipment de velopment follows, process de. Velopment, freeze-drying equipment for economical production cf tonnage quantities of highest quality foods is available today.
"We have only scratched the surface. The consumer market for these foods is waiting to be developed;" he said. food firms entering or researching freeze-drying include Wilson Co. Foods, Gerr eral Mills, H. J.
Heinz, United Fruit Armour Libby, McNeill Libby, Stokely Van Swift Corn Products and Thomas J. Lipton. a Cigaret Output Grows Cigaret consumplion continued rise in 1961, gaining per cent, with most of the improvement reflecting increasing per capita use, the United Business Service states. It points out that health scares are evidently less and fess effect on consumers. Even shifts.
between various types of cigarets are rather small. Filter brands showed a 5.1 per cent gain last year, king-size nonfilters were up 6.9 per cent and brand sales showed a 13.4 per cent increase. Consumptiore of "regulars" dropped 2.8 per cent. In addition to over-all population increases and rising living seems certain to benefit from a standards, cigaret consumption sharp increase in new smokers. Historically, gains in cigaret deparallel the rising proportion of 18-24 year olds to the total, population.
During the 1950's, group registered a growth of only 2 per cent, but for the 1960's will jump an estimated 50 per cent. Only a minority of women smoke, but the proportion is steadily increasing. Ad Club Speakers Robert Delay, of Direct Mail Advertising Association, and Ernest P. Baldwin, advertising manager of Reporter of Direct Mail ing magazine, will be the speakers at Tuesday's luncheon meeting of the Advertising Club Springfield in the Sheraton- Kimball Hotel. Direct mail, has become sensitive subject recently cause of the proposed postal rate legislation by Congress.
Delay graduated from the Uni-o versity of South Dakota, joring in journalism, then served with the U. S. Army as an infantry officers in the Pacific Theater. currently a lieutenant colonel in the S. Army Reserves.
Baldwin's publication is spokesman for the direct mail profession keeps DMAA members informed as to current problems. New Orders Pick Up NEW (P) A monthly survey indicates that new orders by business purchasing agents improved a bit in February after 'marked slowdown in January. Thirty-six per. cent of the purchasing agents comprising the business survey committee of the National Association of Agents reported higher new orders last month when compared with January. In January the percentage noting was 33: higher orders, than December The committee is made up of 1225 agents in all major industry (lines all sections of the country.
They believe business is generally god although rain and snow in some areas caused spotty weakness in February. Business seems to be moving ahead, in an orderly fashion the and asat an as expected level, sociation said the survey showed. "With other countries beat, ing us out of world markets, even manufacturing and shipping goods to the U. S. and underselling us, closing our factories, we have men in Washington crying for shorter hours That's not statesmanship; it's nitwit politics." The News Fitchburg Paper Co.
Story On Oil Mergers Almost every week of late, prospective or actual mergers among oil companies have highlighted financial news, the Unitled Business Service states. Back of merger trend, according to the service, is the fact that oil stocks rarely sell for the full value of their assets, especially oil held in the ground. In short, all oil companies are "worth more dead than alive." The cost replacing reserves is constantly, oil rising. is while holding the world down prices. This imparts 'a gloomy prospect to long-term profit trends, accounting for the low market the shares.
On the other hand, the cost is finding new believed to be nearly oil in the U. S. now $1.50 barrel. Extensive use has been made of the so-called where'ABC' type of payment by 85 per cent of production for 8-10 years is allocated to pay bank loans used to buy the smaller oil company's production properties. This is attractive to the seller as he gets cash and pays only a capital gains tax.
It is also attractive to the purchaser because he can use bank money at once per cent for most of his cost whereas he would want at least twice that rate of return in his own business. The service points out, however that do not come about easily. In many cases, management of the "bride" company may be posed to AnY merger. Consolidation with another company can be brought about, only through action of other large stockholders. The Justice Department is another big hurdle.
Honolulu Oil had jumps and sinking spells of as much as 10 points a day depending on how the courts were treating anti-trust newly investment club. We quite an argument at our meeting, the Wher night. Some inembers say that the club's treasurer should be bonded--to protect the club against the remote possibility of theft or fraud by the treasurer. What you say? The members of this club are trustworthy friends. A.
I could fill this page with true stories about "trustworthy" people who fraud. have been guilty of or Please realize that am not trying to knock any member of your group or of any other investment club. But, where money is concerned, unhappy things have happened and will happen in the future, Let's be real friendly and say that your club will never have an unhappy experince of type. But, for added of the club's money and for the club members' peace of mind, I suggest that the treasurer be" bonded. It's a simple thing to do and almost procedure.
Actually, it's smart to make this rule before you elect the treasurer of the, club. Then, the member who gets that thankless job won't feel insulted. Q. There must be good and sufficient reasons why stock market prices ate given in fractiong etc.) rather than in decimals. you give the reasons why Wall Street sticks to this antiquated method of reporting prices? A.
Nope, because there isn't any really good reason for it. It's strictly tradition. It would take some to change it. suppose it will be changed someday. I wouldn't want to bet when." Doyle will answer only representative letters of general interest in his column.
He cannot answer phone quer: les.) (Copyright, by United Feature Syndicate, Inc.) 0 Toboggan Rider Suffers Fracture WEST SPRINGFIELD Miss Audrey A. Krueger, 22, of 108 Oakridge Chicopee Falls, suf fered a fractured right hip Sunday afternoon about 2:30 while tobogganing, at the Springfield Club. According to witnesses of the accident Miss Krueger and her friends were tobogganing from the 9th the 18th green at the club when toboggan hit a bump and threw her high in the air. Patrolmen Frank Pollard and Louis Desrosiers could not bring the ambulance close too the spot where the injured young woman lay, so they commandeered the help of some young men, placed Miss Krueger on the toboggan and brought her to the ambulance. She was taken to the Providence Hospital.
REALTY COURSE SE FREE FIRST LECTURE, MARCH 16, ATTENTION LICENSE APPLICANTS. This may be your last chance to obtain 8 full Broker's License without first having to be a salesman for year. At Lee you study from all the PREVIOUS STATE EXAMS. That is only one of the reasons why over of our grads pass their exams on ROYAL GELATIN 2c SAVE 2 6 OZ. DUNCAN HINES RICE.
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Connor was elected treasurer of the American Textile Machinery Association and a of the hoard of directors at the 29th annual meeting held recently in Boston. He is president of the Foster Machine Co. of West- NEW ENGLAND FOOD MARKETS 1 1.
