=
ER
Commonwealth's
1960 Earnings
$1.56 Per Share
Bnnual Report Lists
2,268 Installations
During Last Year
Earnings ‘of $1.56 a share on
470,000 shares of outstanding com-
mon stock were made by the Com-
monwealth Telephone Company,
according to the firm's annual
report. The 1959 earnings amounted
$1.47 a share.
Commonwealth Telephone Com-
pany, third largest independent
telephone company in the State and
25th largest in the nation, ex-
perienced growth and development
in service, earnings, financing and
community relations, says the report.
The firm’s earnings last year were
$895,551. This was made in the
face of a 10 per cent increase in
number of common shares out-
standing. Operating revenues totaled
$5,933,007 compared to $5,282,883
‘for 1959, an increase of 12 per cent.
$ ~ Dividend Increased
- The annual dividend was in-
creased in April from 90 cents to
$1 per share, the first increase since
‘1958. * The higher rate was paid the
last three quarters of the year.
Quarterly dividends were paid in the
yreferred stock at the stipulated
rates.
ges items principally accoun-
for 1960’s increase in revenues—
an improved tool and special service
agreement with the Bell System, an
| + equalization of rates in 10 northern
: exchanges, two sizeable business in-
i tallations and normal growth.
WRDuring the year 3,387 new tele-
hones were installed for a gain of
4.7 per cent and at the end of the
- year 75,046 stations were in service.
:' This represents normal growth and
contains no unusual items such as
acquisitions or the stimulation
attending the numerous dial conver-
' sions of previous years.
New Business
During the year there were 2,268
residence and business extensions
: 80ld for an-annual revenue increase
of $31,000. Employe teams in each
district office competed in this sales
i program. In view of the profitable-
ness of this service and relatively
. small capital investment, merchan-
dising of extension service will be
' pursued to an even greater extent.
&
5
23
3
© The firm made a good start in
elimination of four- party business
‘Now's the time to get your
New Home plans underway.
Plan now and start building
your Dream Home this
| Spring!
OPEN ‘TIL 8 P.M. SATURDAYS
Easy Parking In. Our Own Lot.
service. Such service decreases from
12.3 per cent in 1959's total to 9:8
per cent of total business main in!
1960, a 20 per cent improvement in
this relationship. Presently 27 ex-
changes have no four-party business
service and in 26 other exchanges
the service is furnished only to
existing customers. Futher efforts
aimed at elimination of such service
and continuing.
The company added 10 new .out-
door booths during the year, making
a total of 79. They brought .a.
monthly average of $61 for an an-
nual total of $58,000. Company's
first multiple booth was installed at
Tunkhannock. Whereas the original
single installation had averaged
$163 per month, the two combined
have averaged $240 per month, a $77
increase. Other multiple booths will
be placed strategically.
Direct Distance Dialing was intro-
duced at the company’s Towanda
exchange May 31, 1960.
CARL A. GERMAN JR.
GETS A PICTURE AND
LETTER FROM KENNEDY
Carl A. German, Jr. Lake
Catalpa Road, has received a
picture and a letter from Presi-
dent John Kennedy in reply to
his recent letter of songratula
ticns to the President.
Carl who is a member of the
Westmoreland High School
Band and has been selected for
the District Band that will ap-
pear at Montrose, was so
elated that he -immediately
joined the Naval Reserve.
After his graduation in June
he expects to leave for further:
Naval training at the Great
Lakes Naval Station
Zimmerman Completes
Army Finance Course
FORT BENJAMIN HARRISON,
IND. (AHTNC)—Army Pvt. Arthur
C. Zimmerman, son of Mr. and Mrs.
Dale K. Zimmerman Jr., Holcomb
Road Shavertown, completed the
five-week financial management 'in-
tegrated accounting course at The
Finance School, Fort Benjamin
Harrison, Ind. on March 17. :
Zimmerman received specialized
military accounting training in. or-
ganization, record procedures, and
operations and reports pertinent fo
integrated accounting under ‘the
Army command management Sys-
tem.
The 18-year-old soldier entered
the Army last October and received
basic combat training at Fort Dix,
N. Jd.
He is a 1960 graduate of WWest~
moreland High School.
George Drake Joins
Consolidated Freight
George R. Drake, 43, of 37 Church
Street, has joined the sales staff of
Consolidated Freightways = at the
company’s Scranton terminal.
A graduate of Valley Forge Mili-
tary Academy, he was formerly asso-
ciated with American Chain and
Cable, and’ Paulsen ‘Webber Cordage
Corp.
Drake served with the Navy on
North Atlantic patrol duty during
World War IIL.
He and his wife, Marian, have two
daughters, Debby, 8, and Gertrude, 6.
Consolidated = Freightways is a
common. carrier truck line which
gives nationwide service through
160 terminals in 32 states and
Canada.
Banks Will Be Closed
Half A Day On Friday
" Both Shavertown Branch of
Wyoming National Bank and’
Dallas Branch of Miners Na-
tional Bank will be closed
tomorrow, Good Friday, from
neon for the rest of the day. =
Both banks would normally -
be open Friday night, but there
will be no Friday night hours
this week. 2
Miners will not reopen until
Monday morning but Wyoming
National will be open from nine
until noon on Saturday.
' No race can prosper ’til it learns
that there is as much dignity in
tilling the field as in writing a poem.
Here's how
you can pay
Insurance Premiums
Se ie
How do you prefer to pay insur.
ance premivms = a big paymens
once or twice © year-- or smafl
monthly payments? At this agency,
you take your choice. An easy
budget program can be designed
fo include your residence, automo.
bile, personal liability and other
types of insurance—all in one cone
venient monthly payment plan.
Ask us about ACCOPLAN!
For Families—For Business Firms -
HAROLD E. FLACK
so .
THE DALLAS POST, THURSDAY,
GEE - MEE
ICE CREAM
ALL. FLAVORS
» %. GAL. 69¢
T= =
EGGS
EASTER
" CANDY =
16 oz.
pkg.
OHSS
¥ LUDEN’S—CHOCO.
EGGS or RABBITS
MARCH 30, 1961
SHANK PORTION
29°
FULL SHANK HALF FULL BUTT HALF
41
WILSON’S CERTIFIED or ARMOUR STAR
OKED HAM
BUTT PORTION
39
WHOLE HAM
53 on qf
CENTER SLICES OF HAM .................. ei ternspsrinnd O90
WILSON'S CERTIFIED—SKINLESS & SHANKLESS
*
»FULLY COOKED HAMS
*
* CORN KING HAM . .
IMPORTED—CANNED
SMOKED OR FRESH
SWIFT
PREMIUM
CALIFORNIA - ICEBERG
LETTUCE
SHREIBER’S
CHOCOLATE FLORIDA—SWEET, JUICY —LARGE
CREAM ORANGES Ses DOL.
MIX OR MATCH ‘EM
49¢
(8-0Z. PKG.) (10-OZ. PKG.)
YOUR
CHOICE
pros 3 Grocery Specials *
18-1N. HEAVY DUTY
Alcoa Aluminum Wrap
Salad Dressing
Wesson Oil se - cone
Nestle “Quik”
Nestle Strawberry Quik =
Hawaiian Punch... 3%
0il Sardines
Ground Poppy Seed
* CZECH BOHEMIA HAMS
Easter Kielbassi .
G
> nD 5 |
COLE SLAW—SPINACH—SALAD MIX
(8-OZ. PKG.)
349°
A Complete Selection of Easter Flowers at Low, Low Prices
WHOLE
OR 1p 59:
HALF ‘0:
*
ARMOUR STAR OR WILSON’S CERTIFIED
5-Lb. $99.69
e¢ Can
2-Lb. $4 .89
Can
bY’
FANCY Young
BELTSVILLE jp, | C Toms th. C
4 TO 8-LB. 18TO 20-LB. 8
al
49
ann It’s Fisherman Fresh” A oa
FANCY TEXAS GOLDEN BROWN
WHITE FISH ("ii
Yellow Pike ("ii
vx 89:
89:
: 39:
,
30
3
Lb. 30: 23
Pkg. Lh.
ASSORTED EASTER
ICED COFFEE RINGS
HOT CROSS BUNS
LAKE FISH
MOOSIC ST. IN-STORE
8UYS FOR H APPY EASTER FEASTING
TEA COOKIES
Br en 494
25.51. RO: SHRIMP 32 552 . 59c
Roll FANCY 4 TO fave. : igh
Lobster Tails ,*1% . °*1
Mr > h Oe LONG ISLAND CLAMS 3 ,.. 98¢
CAUGHT
FISH
w. 49¢
)s. 59¢
CAUGHT
w. 19C
cores mand
ceeee. Br 2B
SPRING PAINT SALE
COUNT
AT YOUR LUZERNE GIANT'S
AINT DEP
———D AIRY DEPT.
SECTION C—PAGE 5
*
Your Friendly Giant
ON THE
LUZERNE - DALLAS HIGHWAY
We Will Close 12 PM. to 3 P.M. Good Friday
OPEN "TIL 6 P.M.
EASTER MONDAY
100 BONUS
TOP VALUE STAMPS
WITH $10 PURCHASE OR OVER
REDEEMABLE AT ALL GIANT MARKETS
COUPON GOOD THRU SAT., APRIL Ist
ONE COUPON PER CUSTOMER
50 BONUS
TOP VALUE STAMPS *
With the Purchase of 10-Lb. Bag
MAIN RUSSET POTATOES
REDEEMABLE AT ALL GIANT MARKETS
COUPON GOOD THRU SAT., APRIL Ist
ONE COUPON PER CUSTOMER
50 BONUS
TOP VALUE STAMPS *
With the Purchase of 32-0z. Jar Reumberto
STUFFED OLIVES
REDEEMABLE AT ALL GIANT MARKETS
COUPON GOOD THRU SAT., APRIL Ist
ONE COUPON PER CUSTOMER
35 BONUS
TOP VALUE STAMPS *
With the Purchase ¢f Two 46-0z. Cans
MUSSELMAN’'S TOMATO JUICE
REDEEMABLE AT ALL GIANT MARKETS
COUPON GOOD THRU SAT., APRIL Ist
ONE COUPON PER CUSTOMER
40 BONUS *
TOP VALUE STAMPS
With the Purchase of Four 8-0z. Cans
STOKELY CANNED VEGETABLES
(ANY VARIETY)
REDEEMABLE AT ALL GIANT MARKETS
COUPON GOOD THRU SAT., APRIL Ist
ONE COUPON PER CUSTOMER
25 BONUS
TOP VALUE STAMPS
With the Purchase of 2-Lb. Pkg.
“MODERN” FIG BARS
REDEEMABLE AT ALL GIANT MARKETS
COUPON GOOD THRU SAT., APRIL Ist
ONE COUPON PER CUSTOMER
HEN’S PRIDE—LARGE
FRESH EGGS
FOR COLORING
GIANT BUTTER °..,0% 71g
MUENSTER CHEESE ........... w. 5Qg
| BORDEN WHITE AMERICAN CHEESE :'" 99¢
OPEN EVERY NITE
TIL O PM
EXCEPT MONDAYS 'TIL 6