Banner Graphic, Volume 5, Number 290, Greencastle, Putnam County, 8 February 1975 — Page 1

North Putnam musicians score 32 i of 52 firsts in campus district contest

North Putnam Junior-Senior High School Bands had a total of 52 events entered in the District Solo and Ensemble contest held at DePauw last Saturday. Out of the 52 events North Putnam received 32 First Division ratings and 20 Second Divisions. The contest was sponsored by the' Indiana School Music Association. The students were entered in Groups I thru V depending on their age and the difficulty Of the music performed. The judges gave the musicians a rating from Division I to V and those receiving a Division I were presented with a medal. All of those who received a First

Mallory consolidated sales $ 248.9 million

INDIANAPOLIS-P. R. Mallory & Co. Inc. announced consolidated net sales for 1974 of |248.9 million, 10 percent above the $225.8 million of the prior year, according to Charles A. Barnes, president and chief executive officer. Barnes said the company's 1974 consolidated net earnings, computed on a last-in, first-out (LIFO) method of valuing inventories in its domestic operations totaled $8.2 million, the equivalent of $2.13 per share. These earnings include a one-time gain of $1.2 million, or 32 cents oer share, which resulted from a change in accounting practice implemented Jan. 1, 1974, to more fully absorb variances and manufacturing overhead in inventory values. Barnes said the change to (LIFO) reduced 1974 earnings

Inside-Out Teen temperatures Colder tonight with chance of occasional light snow. Lows in the teens. Mostly cloudy and cold Sunday. Highs in the low to mid 20s. Chances of precipitation tonight 50 percent. Indiana Extended Forecast It will be clearing and cold Monday. Tuesday and Wednesday will be fair and cold. Highs during the extended period will be mostly in the 20s, except for 30s in the extreme south. Lows will be 5 to 10 above Monday and in the teens Tuesday and Wednesday. For the record Grain Hog prices at the GreenGrain prices at the castl e Livestock Center Greencastle elevators were $.50 lower with: yesterday were: Corn- $2 80 180-200: *3B-38.50 oats .- jj og 200-230: $38.50-39 Beans: $5.75 230-250: S3B-38.50 250-300: $36-38 Livestock S° ws: *- 50 hi ß her Livestock Boars: $26 World briefs THE ECONOMY WASHINGTON Treasury Secretary William E. Simon says he expects the nation's economy to begin improving in the final three months of the year, which is later than earlier administration forecasts. INTERNATIONAL MOSCOW Leonid I. Brezhnev hasn’t appeared in public for 46 days, but every day without fail his name is on radio or television or in newspapers. URBINO, Italy Officials await move by thieves who asked $4.8 million ransom for three priceless Renaissance paintings. UNITED NATIONS UNESCOis urged to reverse its decision to penalize Israel for archeological excavations in occupied Arab Jerusalem. NATIONAL INDIANAPOLIS Real estate developer Walter J. Dilbeck Jr. says former Vice President Spiro T. Agnew made a lot of money and connections during their partnership and left Dilbeck all the problems. PORTLAND, Ore. They’re senior citizens living on fixed incomes in low-income public housing. That means they can’t afford to travel, see new sights and have fun, right? Not necessarily. NAPLES, Fla. A tiny, sick boy whose story was told across the nation has received so many donations that his family says the only thing he needs now is prayer. Index to inside pages Classified 5A Obituraies 6A Comics 4A Sports 2A, 3A Crossword 5A TV 4A Horoscope 5A

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VOL. 5 NO. 290*

Division in Group I are elegible to enter the State Solo and Ensemble contest In Indianapolis on February 15. North Putnam results were as follows: Group I, Division I-Cindy Harbison - clarinet solo, Jon South - oboe solo, Micky Stisher - french horn solo, woodwind trio -Cindy Harbison, Jon South and Suzanne McGaughey; mixed clarinet quartet - Cindy Harbison, Cindy Zenor, Penny Allen and Marsha McKeehan; brass quintet - Joe Buser, Gregg Wilson, Micky Stishfer, Harold Greene, Jim Brothers; french horn trio - Micky Stisher, Tom Wilson and Jeff Schubert; french horn quintet - Micky Stishfer, Cheryl Dan-

by $3.7 million, or 95 cents per share. He pointed out that this change will make, available cash of $3.7 million for other corporate purposes in 1975 through reduced taxes otherwise applicable in respect of 1974. Consolidated net earnings for 1973, when inventories were valued on a first-in, first-out (FIFO) basis, were $9.5 million, or $2.44 per share. Barnes said “The higher 1974 sales resulted from steadily increasing worldwide sales of Duracell batteries to consumers, improved shipments of components and metallurgical . products to industrial markets, and large volume shipments of components and timing devices to manufacturers of consumer durables in the first half the the year. He continued: “As the recessionary and

PUTNAM COUNTY, INDIANA, SATURDAY, FEB. 8, 1975

berry, Bonnie Burgess, Jeff Schuberdt and Tom Wilson. Division 11, sax trio - Lisa Porter, Rick Farrow, and Pam Holland; saxophone quintet - Lisa Porter, Cindy Harbison, Rick Farrow, Pam Holland and Alan Gillogly; woodwind quintet - Francie Hinkle, Cindy Zenor, Jon South, Cindy Harbison and Micky Stishfer; brass quartet - David Boruff, Roger Hedge, Steve Jones and Tom Heuston and drum trio - Rod Crawley, Chuck Cope, and Raymond Curran. Group 11, Division I - Rick Farrow - alto Sax solo; and Bonnie Burgess - French Horn Solo; David Boruff - trombone solo and clarinet quartet - Chris Alexander, Cindy Robbins,

anti-inflationary forces of the economy exerted themselves, the market potential for us in the consumer durables area declined sharply in the fourth quarter when the manufacturers of appliances, air conditioning equipment, home entertainment products and automobiles sharply reduced their production schedules as their sales failed to meet expectancies giving rise to accumulation of inventories. “This condition not only reflected itself in our sales volume, but in our unfilled order backlog which at Dec. 31 stood at $39 million. This compared with $49.2 million on the same date a year ago.’’ Sales for the three months ended Dec. 31 were $62.5 million, compared with $63.6 million for the corresponding quarter of a year earlier. Consolidated net earnings for the three months on the LIFO basis amounted to $2.4 million, or 63 cents per share. In 1973, on the FIFO basis, consolidated net earnings in the fourth quarter were $3.3 million, or 84 cents per share. In a report prepared for mailing to shareholders, Barnes said: “At the present time, we anticipated that the recessionary conditions for the fourth quarter of 1974 will continue at least through the first half of 1975 and possibly well into the third quarter. We have adjusted our production schedules and inventory levels to existing business conditions.

Help for major rail artery into county may be on way

Help so a major rail artery serving Putnam County may be on the way with the approval by the House Commerce Committee of $347 million in

Who’s news Jeffery Davasher of Route 2, Coates Ville, has been accepted by Lincoln Technical Institute in Indianapolis, where he will study automotive and truck technology. Davasher is scheduled to begin the 70 week Auto-Diesel and Truck Technology Course on June 9. The course is designed to prepare individuals for rewarding careers in the automotive and truck service industry. Jeffery is currently a senior at North Putnam High School. TERRE HAUTE-Indiana State University has released the fall semester honor roll containing names of 1230 students who achieved academic distinction in their first semester of the 1974-75 year. From Putnam County are: Cloverdale: Deborah Mitchell, Route 3, distinguished honor roll, Terry Powell, Rural Route 3. Greencastle: Matthew Alig, 102 Northwood Blvd., distinguished honor roll; Braxton Black, 124 W. Berry St., distinguished honor roll; Cinda Black, 124 W. Berry St., distinguished honor roll; Janet Boling, Saddle Club Road Rural Route 4; Ruth Clark, Rural Route 5; Rebecca Fisher, Rural Route 2, distinguished honor roll; Pamela Poynter, Albin Pond Road; Thomas Stevens, Rural Route 2; Teresa Sutherlin, Rural Route 1, Elizabeth Walton, Rural Route 4, distinguished honor roll and Joann Hiemenz, 625 Medallion Dr., distinguished honor roll. Roachdale: Susan Sandusky, Rural Route 2, distinguished honor roll; Sharon Stoker, Distinguished honor roll and Russellville: Alan Smith, Rural Route 1, distinguished honor roll.

Barbara McFarland and Janet Baker. Division II - Brenda Tippin - trumpet solo; Richard Robbins -trombone solo; Steve Jones - Baritone solo; clarinet trio - Dee Loft, Bev Miller and Barb McFarland; french horn trio - Cheryl Danberry, Bonnie Burgess, Lisa Kendall, Jenatte White and Dottie Alcorn; brass sextet - Dean Williamson, Brenda Tippin, Jeanette White, Steve Jones, David Boruff and David Shonkwiler. Group 111, Division I - Nancy Ford - alto Sax solo; Tom Wilson - French horn solo; Keith Ford - baritone solo; sax trio - Nancy Ford, Lana Tippin and Joanie Buser; trumpet trio - Rod McMahon, Jim Moore

We have substantially reduced overhead and personnel costs. In addition, we are attempting 'to increase market share in each of our major product lines throughout the world. We are making good and continual gains in materials substitution, in further mechanizing and automating our production facilities, and in searching out new applications and market potentials. Wherever possible, we are seeking increased selling prices commensurate with increased cost. “We view 1975 as a difficult year in which depressed demand for (components and; timing devices, particularly in the consumer durable goods, area, will penalize our potential for sales and earnings. On the other hand, we presently forsee continued increased world wide demand for batteries and metallurgical products, despite the recession, and we expect good contributions to earnings from our international investments. We are confident we have the financial strength, better product and market diversification, and continually improved organization to deal effectively with current challenges.” He continued: “Again in 1974, Mallory’s international subsidiary and affiliated companies continued as major contributors to consolidated results. Our consolidated international battery subsidiaries had sales of $43.6 million, $9.2 million more than

emergency funds to keep the bankrupt Penn Central and Erie Lackawanna railroad operating. The amount was $72 million

and Kevin Kendall; baritone trio - Steve Jones, Tom Heuston and Keith Ford; trumpet quartet - Brenda Tippin, David Sandusky, Dean Williamson and Jim Moore; brass sextet - Rod McMahon, Kevin Kendall, Tom Wilson, David Shonkwiler, Keith Ford, and Richard Haulk. Division II - Jim Moore - trumpet solo; Eric Alexander - trombone solo; flute trio - Bev Lawler, Suzanne Leeke and Jenny Alcorn; sax trio - Julie Frazier, Denise Gibson and Kenny Dickerson; trombone trio - Richard Robbins, David Shonkwiler and Mark Fordice. Group IV, Division I - Terresa Col. 1, back page, this section

in 1973. The net earnings of these subsidiaries were $2.9 million, compared with $2 million in the previous year. Mallory’s share of earnings from its unconsolidated foreign companies, which is reported on an equity basis, aggregated $3.7 million in 1974, a significant increase over the $1.4 million in 1973. Johnson Matthey & Maory Limited, of Canada, had another outstanding year in 1974, contribution $2.5 million to equity earnings, as compared with' $1.4 million in the prior year. “Our decision to Change our accounting practice to the LJFO method of inventory valuation stemmed for the excessive inflationary conditions experienced in 1974 and the anticipation that the rate of inflation in the United States, is apt to continue at higher levels than those historically experienced. We believe utilization of the LIFO method will more properly charge current Corporations with current costs and not defer substantial inflation-induced cost increases to subsequent periods.” The Mallory company specializes in the development and manufacture of duracell batteries and custom battery systems; timing devices; motors; electricial and electronic components, and metallurgical products primarily for consumer and industrial markets.

more than the Senate voted last week to keep the Penn Central from refusing freight Shipments as of Feb. 14 in preparation for a month-end shutdown. A House Appropriations subcommittee, meanwhile, approved SIOO million in emergency funding to tide the railroads over until the full total can be authorized and appropriated. Both committee actions were by voice vote. Although the Penn Central has threatened a shutdown and said it cannot meet its Feb. 23 payroll, and the Erie has said it must close by the end of the month, final congressional action on the relief bills is still weeks away. The House begins an informal 10-day recess late Thursday, so its action on the authorization bill cannot be completed before the week of Feb. 16, and then differences with the Senate bill must be Compromised. And House Appropriations Committee Chairman George Mahon, D-Tex., said his full committee would not act on the SIOO million stopgap funds until that week also. Aspah H. Hall, acting federal railroad administrator, told the appropriations panel that Col. 2, back page, this section

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Tongue, thumb and heart

With the aid of his tongue and thumb Daniel Garwood had little trouble Friday afternoon tracing a heart for a valentine card. Daniel i* a first grade student at

Ash Wednesday ceremony announced

Ashes will be blessed and imposed at a short ceremony on Ash Wednesday, Feb. 12, at noon, and again at the Evening Mass at 5:10 p.m. at St; Paul’s Catholic Church, Father William Stineman has announced. Those receiving ashes are invited to take a “good works”

Putnam Patter

Burglar, be my guest

GIVING A WOULD-BE burglar your front door key and thereby inviting him to share in your worldly goods would by no means be the smartest thing you could do, but according to law enforcement officers, many throughout Putnam County are doing just that. To your credit, however, officials admit that access to your home is granted involuntarily. You may have permitted conditions which make it easy for even a second rate burglar to come in without benefit of a key. WHEN PUTNAM SHERIFF Jim Baugh spoke last week to the Greencastle Kiwanis Club, he outlined a number of ways in which you can make your home more burlgar proof. His theme was: Look to your locks-they may be almost as convenient as keys. Baugh says that the incidence of home burglary has shown an increase in Putnam County, especially in rural areas. Persons intent on this kind of crime are leaving big city congestion for the more open country. And such intrusions can do often occur in broad daylight. MANY ILLEGAL ENTRIES are being made by youths rather than by so-called professional house breakers. In recent local arrests, eight young people were taken into custody, six of them from outside Putnam County. Appliances are popular stealable items. In one break-in, burglars’ apparently stashed their loot in bed sheets and pillow cases to cart it away. Sheriff Baugh says color televisions are most often taken, with guns running a close second. KEY-IN-KNOB locks are among the easiest to jimmy, according to the Sheriff. They can be broken off with a hammer and after that everything comes easy. In some types of morise locks, a plastic credit card inserted in the door crack will force the latch back. The most secure kind of lock, Baugh says, is the dead bolt in “which a rectangular bar slips well into the door casing. When this is combined with mortise or key-in-knob lock, you have probably done all you can to keep burglars out. IN ADDITION TO “barricading” your doors and windows, there are a number of psychological measures you can take to outfox the burglar. Since only the most daring would come in while you are at home, the trick is to make the possible intruder think you are there even though the place is as empty as a last

☆ ☆ 15 CENTS

Bainbridge Elementary School in Mrs. Blaydes’ classroom. (Banner-Graphic Photo by Michele Durbin).

suggestion slip to help formulate for themselves a suitable penance to be performed during the' Lenten season. During Lent, the Way of the Cross will begin each Friday evening at five o’clock, preceding the Evening Mass. This Devotion, in honor of the

This column written by Banner-Graphic Civic Affairs Editor, David Barr.

year’s bird nest. If your yard looks like a half-grown meadow, if newspapers are piled on the porch and if the carrier can’t crowd anymore mail into your box, it doesn’t take a very high grade burglar to assume you are a few thousand miles away, basking in false security. NATIONAL STATISTICS report that even burglars can read at fourth grade levels, so it may not be wise.to put in the papers that you are on vacation in faraway places. Wait until you come back with a healthy tan and then brag about where you have been. When you do leave the “salt mines” for some deserved time off, you should advise law enforcement agencies that you will be leaving and for how long. Request them to make periodic checks during your absence. Leave your key with a neighbor who can pick up your mail and keep an eye on your premises. If you want him to, he can change the position of your shades and blinds daily. This sounds like a'minor detail, but those in the burglary racket can read the smallest of unoccupancy signs. LIGHTS LEFT ON and a radio playing may be a good burglar insurance if the time away is to be brief. A dog whose size is much smaller than his bark and more fierce than his bite could keep your stuff from being “burgled.” One of the most effective burglar deterrents can be a concerned neighbor who fits into a national program called Neighborhood Watch, which is sponsored by the National Sheriff’s Association and promoted locally by Sheriff Reserve units. THE KEY WORD IS “watch.'” If your neighbor is away, stand guard over his premises. Be suspicious of strangers who seem to be prowling the area. Jot down the license numbers of strange cars, pickups or panel trucks. If you have reason to believe your neighbor’s house has been entered, call your law enforcement officers. Don’t assume the fellow across the street has already called. Two calls are twice as good as none. And don’t take matters into your own hands. Such heroics might get your name in the paper on the obituary page. Col. 2, back page, this section

passion and death of Christ, will take the place of the customary Pentitehtial Rite of the liturgical service. Each Wednesday evening during Lent, beginning on Wednesday, Feb. 12, there will be an Inquiry Session at 7:30 in Col. 1, back page, this section