THURSDAY, AUGUST 20, 1953
THE TRANSYLVANIA TIMES. BREVARD, NORTH CAROLINA
PAGE THREE
Olin's Sales For The Second Quarter
Is Reported Up Around 30 Per Cent
Plans For Entrance Into Alu
minum Industry Almost
Completed
Net sales for Olin
Inc, for the second quarter ox i95d
amounted to $59,720,047 or an in
crease of approximately 30 per
cent over $46,051,160 for the same
period last year, John M. Olin,
president, reported last week to
stockholders at East Alton, Ill. Mr.
Olin said that sales for the second
quarter, like the first three months,
continued at the highest peacetime
level in the company’s many years
of steady growth. , .
Mr. Olin said consolidated in
come amounted to $3,357,391 for
the quarter ended June 30, equiva
lent to $.62 per share of common
stock after provision for preferred
stock dividends and minority inter
est This compares with net income
of $2,373,830 for the second quar
ter of 1952, equivalent to $.51 per
share.
Net income for the first half of
1953 was $6,855,237, as compared
to $5,210,411 for the corresponding
period in 1952. Earnings per share
of $1.28 for the first half of 1953
represent an increase of 37 per cent
over last year’s figure of $.93 per
share. Provision for taxes has been
estimated on the basis of the exten
sion of excess profits taxes to De
cember 31, 19^, and includes $2,-
615,763 of excess profits taxes.
The increases in the company’s
results reflect much or the organ
ization, coordination and added
depth of management effected
since the end of World War II, Mr.
Olin said.
The second quarter saw a contin
uation of the company’s program
of acquisition and expansion to di
versify its products, to develop the
natiurai resources on its various
properties and to build a fully in
tegrated company.
Plans for financing his compa
ny’s entrance into the aluminum
industry are almost completed, Mr.
Olin stated. The company is now
waiting to negotiate with the fed
eral government in order that the
contracts may be signed and con
struction begun on the necessary
facilities for the production and
fabrication of aluminum.
During the quarter ©lin acquir
ed for cash more than 90 per cent
of the outstanding shares of the
Interstate Natural Gas Company,
Inc., fo Monroe, La. Owning 7 per
cent originally, Olin now Mvns
more than 97 per cent of Interstate
which will be liquidated or merged
into Olin or a wholly owned Olin
subsidiary. Interstate, acquired to
explore and develop mineral rights
of other Olin properties, has had
earnings since 1951 in excess of
$6,000,000 per year, before taxes.
A considerable portion of which
could be devoted to such explora
tion. Interstate produces and trans
ports natural gas over 940 miles of
wholly or jointly-owned pipe lines.
Rosman News
By MRS. KAY COLLINS
GARDEN CLUB MEETING
The Rosman Garden club will
meet Monday, August 24th, at the
Hogsed camp at Calvert with Mrs.
Harold Hogsed as hostess. Final
plans will be made at this meeting
for the flower show which will be
held September 5th and 6th in the
school cafeteria.
SUNDAY SERVICES
There will be services both morn
ing and evening at Zion Baptist
church Sunday, August 23rd. Rev.
N. H. Chapman will deliver the
message Sunday morning at 11:00
o’clock. Rev. Dewey Morrison, pas
tor of the Rosman Methodist
church, will have charge of the
evening service. Everyone is invit
ed to attend.
PICNIC HELD
The annual Home Demonstration
club picnic was held last Wednes
day at the home of the president,
Mrs. C. E. Zachary, 'a wonderful
meal was served to the members
and 15 visitors who were present.
PERSONAJL ITEMS
Mr. and Mrs. Verlin Wood, of
Brevard, and Mrs. Verlin Owen and
children attended a homecoming
Olin entered into an agreement
on June 30 with Mathieson Chemi
cal corporation to form the Matho-
lin corporation to manufacture, sell
and conduct research on hydrazine,
one of the new commercial chem
icals with constantly growing ap
plications in almost every field of
industrial chemistry. The new cor
poration will be owned jointly by
Olin and Mathieson and will ac
quire the first commercial-scale
hydrazine plant recently complet
ed by Mathieson at Lake Charles,
Louisiana.
Homecoming At
Moriah - Calvert
Planned Sept. 6
Plans are now being formulated
for annual Homecoming at Mt. Mo-
riah-Calvert Baptist church oi) Sun
day, September 6th, according to
J. W. Glazener.
All former pastors and members
of the church are cordially invited
to attend the all-day program which
begins with a sermon by the pas
tor, Rev. G. A. Hamby, at 11 a. m.
Dinner will be served at 12:15.
All singers and quartets have a spe
cial invitation to attend and be
guests of the church for dinner.
The afternoon will be devoted to
singing and short talks by former
pastors and members of the church
and decoration service at Satolah,
Ga., Sunday.
Mr. and Mrs. W. L. Harmon, of
Morristown, Tenn., spent the week
end ah their home here.
Mrs. A. M. Paxton, Sr., return
ed Wednesday much improved
from General hospital in Green
ville, where she had been receiv
ing treatment for a few days.
Mrs. Mae Ashworth, of Oak
Ridge, Tenn., visited Mrs. D. L.
Glazener Thursday of last week.
Mrs. Ashworth will be remembered
here as the former Miss Mae Dun
can.
Mr. A. M. Paxton and daughters,
Mrs. Cleo Jurney and Mrs. Kay Col
lins, visited Mrs. Vessie McCall
and daughter, Mrs. Ollie Mann in
South Carolina last week.
Mrs. Roy Fisher spent Tuesday
with Mrs. Judd Plott and reports
that she is much improved.
News Of Quebec
Community Given
TIRE SALE
SEIBERLING AND U. S. ROYAL
Trade-In Allowance For Your Old Tires
on the Purchase of New Tires
U. S. Centijjede
List price $14.60 plus tax
Sale Price
$10.05
Plus tax and your recappable
tire, 600 x 16
U. S. Extra Low
Pressure
List price $16.55 plus tax
Sale Price
$13.65
Plus tax and your recappable
tire, 670 x 15
RND YOUR ALLOWANCE HERE
Tire
Trade-Inn All.
List Price
You Pay Only
600 X
16
$20.10
$13.58
640 X
15
$22.15
$14.28
670 X
15
$23.25
$15.09
710 X
15
$25.75
$16.95
650 X
16
$24.80
$17.22
760 X
15
$28.20
$18.73
800 X
15
$30.90
$20.75
820 X
15
$32.20
$21.75
Coleman Tire arid
Recapping Co.
V. L. (KID) TINSLEY, Manager
LESLIE COLEMAN, Owner
N. Caldwell St. Dial 3-4491
By MRS. PAUL FISHER
QUEBEC — Mr. and Mrs. Ken
neth McCall and children, Mr. and
Mrs. C. W. Henderson, visited Mr.
and Mrs. Bill Montgomery and
family at Blackstock, S. C., and Mr.
and Mrs. Truman Henderson and
family, at Charlotte, last week.
Mrs. Harlow McCall, with a group
of young people, made a trip to
Cherokee Saturday night to see the
drama, “Unto These Hills.” The
group consisted of Laverne Smith,
Altha Mae Fisher, Martha Ann
Thomas, Shirley Holden, Altha Mae
McCoy, Glenis McCall, Jakie Math
is, Charles Wilson and Kenneth Mc
Coy.
Chester Thomas, of Pickens, S.
C., is visiting his grandparents, Mr.
and Mrs. Lewis Thomas this week.
Mr. and Mrs. Robert Wilson, Mr.
and Mrs. Mac Wilson and baby
and Mrs. James T. Wilson were
dinner guests Sunday of Mr. and
l^rs. Howard Galloway.
ivir. and Mrs. R. T. Fisher, Mrs,
Roy Odell and daughters, Nancy
and Patsy, Miss Bobbie Nell Fisher,
Mrs. Lee Gillespie and sons, Wil
ton, Don and Jimmy, of Seneca, S
C., and Mr. and Mrs. Richard Gar
rison, of Brevard, all enjoyed a pic
nic at Frying Pan Gap in the for
est Sunday.
Mrs. John Sanders is spending
this week with her brother, Walk
er Wilson, at Greenwood, S. C,
Miss Gay McCoy, of Leicester,
is spending a few days with Miss
Altha Mae McCoy.
Ben Jones, who has been serious
ly ill, was taken to the Cannon Me
morial hospital at Pickens, S. C.,
last week.
Mrs. Lula Owen returned home
Saturday after spending some time
v/ith her daughters in Tryon.
Prayer meeting next Saturday
night will be at the home of Mr.
and Mrs. John Lewis Fisher. Every
one is invited.
Pvt. Clayton Is
Now At Fort Lee
Pvt. James Carroll Clayton, son
of Mr. and Mrs. Volney Clayton,
of Rosman, is now stationed at Fort
Lee, Va.
Pvt. Clayton has been in the
army since May of this year,, prior
to which he was employed by the
Gloucester Lumber company. He
attended Brevard high school.
When you think of prescrip
tions, think of VARNER’S. — adv.
School days mean active
youngsters will wear their
shoes out more rapidly. Have
your children’s shoes skillfully
repaired before school starts
to avoid exposure that might
result in costly illness.
CITY
SHOE SHOP
TIMES AECADE
CASHXCARRYl
SUPER-MARKET
THE STOBi WITH EVeRYOAY LOW PRICES]
SWIFFS PEEM
12 OZ.
can iSb
Swift’s
PEANUT BUTTER
12 OZ.
jar
37c
Swift’s
JEWEL OIL
qt. bot.
57c
FRESH CORNFIELD BEANS 2ibs.29
NEWCR0PSWEETP0TAT0ES2ibs.29
NEW GREEN CABBAGE *
FRESHLOCALGREENPEPPERS n,. 15^
CALIF. SUNKIST LEMONS ....Ali
IRISH COBBLER POTATOES 35^
Red Malaga
GRAPES
2 lbs.
35c
Golden Heart
CELERY
3 dozen size
13c
SWIFTENING
can ^0
Notebook Paper
or Tablets
3 for 10c
Armour’s
SHORTENING
3 Ib.
ctn.
59c
7-Minute
PIE CRUST MIX
pkg.
lOc
Phillip’s
TOMATOES
2 No. 303
cans
25c
We Have Just Received
A New Shipment of
HOME FREEZER
SUPPLIES
Greer Dessert
PEACHES
2 No. 2XA
cans lE
Armour’s
MILK
2 '.1 25c
SUGAR
10 b. 99c
Plantation
FLOUR
25 lb.
bag
$1.49
Large
SILVER DUST
29c
Bath Size
LUX
3 for 33c
LIFEBUOY
3 for 33c
Mayonnaise, pint jar
Jello or OCyi
Puddings, 3 pkgs.
Pure Georgia (1C. A
Honey, 2^/2 Ih. jar
Baxter’s Vienna 00
Sausage, 2 cans
Van Camp’s Pork & Beans, 07 .z
2 No. 303 cans :
Beverly Breakfast
Sausage, 10 oz. can li/C
Autocrat Ice QCI/4
Cream, 2 pints
Philadelphia Cream 1 C ^
Cheese, 3 oz. pkg.
Salmon, tall can __ 37^
Streitman’s Chocolate Drop AQa
Cookies, 1 lb. bag
Log Cabin Syrup, OC'^
12 oz. bottle LaC
Kool Aid, 6 pkgs.
GRADE A SIRLOIN STEAK ,.89^
CUBE ROUND STEAK ..89^
GRADE A CHUCK ROAST .. 53ji
BONELESS BEEF STEW*"" ,.65^
FRESH SUCED BEEF LIVER „ 39f?
FRESH COUNTRY BUHER ,..59^
Cut Up Fryers — Your Choice of Pieces
Fresh Ground
beef
39c
Selecto All-Meat
FRANKS
lb. 47c
RINSO
28c
LUX
3 for 23c
Regular
LIFEBUOY
3 for 33c
Large
BREEZE
30C
Large
SWAN
2 for 25c
SPRY
3 Lb. Can
87c
Swan
TOILET SOAP
5C
Regular
SWAN
2 for 23c
Swift’s Cleanser
2 Cans