Newcomerstown [Business] Outlook Stable for
1969
by Sally Duffy
The Times Reporter:
Wednesday, January 29, 1969 –
NEWCOMERSTOWN – No radical changes in the economy of the
village, either up or down, are expected in 1969, according
to leaders of business and industry.
As local
businessman B. K. Castle puts it, whatever happens to the
nation also will happen to the village. According to Castle,
the government is exerting control on the economy in an
effort to control inflation in the country and unemployment
will probably go up as a result. He foresees no radical
change from the present level of business and industry here.
Banker
R. D. Fletcher pointed out that unemployment in the village
is practically non-existent – and should continue that way.
According to Fletcher, settlement of the Vietnam War could
affect employment in the village slightly. He, too, predicts
“nothing startling” for the financial future this year.
Cecil
Haver, chairman of the Chamber of Commerce’s Industrial
Committee and Bill Ourant, CIC president, also are
predicting a fairly stable year. Haver says the two
organizations are constantly on the lookout for new
industries.
Growth
is expected in several local companies, particularly the
smaller ones, but only one, Groovfold, is predicting any
sizable expansion. It hopes to double its present size.
According to Haver, General Tire, which purchased Seilon
last year, will continue to be important to the village
economy and plants such as C. and S. Soap Company, Jackson
Tool, Herco, and Kurz-Kasch will grow.
Weatherseal is expected to have its new operation going by
March, and that changeover from the manufacture of kitchen
cabinets to storm doors should increase productivity.
Frank
Sherry, manager of General Tire here, says emphasis for this
year will be placed on making more efficient use of present
machinery and in securing new business.
According to Sherry, there are no plans for expansion in
1969 and long-range growth plans have not yet been
formulated. Two or three new products will be introduced by
the company during the year, including a floor runner to be
placed over carpet.
The past
year has not been particularly kind to Main Street, where
two grocery stores, A&P and Smith’s Sanitary Market, closed
their doors. There are now a half-dozen empty store fronts
along the street, with very little prospect of filling them
this year.
There
are signs of progress, though. Stores and businesses which
are in operation are for the most part either in new or
newly remodeled buildings.
The
Baltimore moved into its new store early last year, Scott’s
Five and Ten is in a new building, Lawler’s Drug Store
recently remodeled and the Reeves Banking and Trust Company
branch is in the process of opening a new drive-in window
where a private residence and an empty business place had
stood.
The new
Silco Store, which opened last summer, also is an
improvement over the vacant lot which had stood at the
corner of River and Main Streets. According to store manager
Mrs. C. H. Hooker, owners of the Silco chain are well
satisfied with the community and the business they are
doing.
In the
offing for 1969 is Haver Electric’s relocation from their
present store on River Street to a new building across the
street. The 8000 square foot building now under construction
is expected to be completed late this summer.
Haver’s
has been in existence about 40 years and moved to the
present building in 1940. They expect to add a new line of
major appliances and to expand wholesale sales of plumbing,
heating, and electrical supplies. The old store will be torn
down to provide parking space for the Baptist Church.
All in
all, the outlook for Newcomerstown is “continued slow
growth” during 1969. Most area business and industry leader
believe this will be the trend until completion of the new
highways when perhaps the village can expect to grow faster
than ever before.