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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jan 09, 1970
Page
31
In the 1970s employers face rising costs from absenteeism high turnover and reduced productivity Elmer L Winter of Manpower Inc notes productivity losses are not well measured The piece discusses average office worker productivity at 55 percent and calls for solutions including job enrichment and engaging work to raise output
Grain prices faced stability as oil supply fears influence meal costs and processing margins. Analysts note limited demand shifts while farmers watch futures and local buyers adjust bids in response to market signals.
Stocks drifted in moderate turnover as traders held back awaiting President Nixon's upcoming state of the union address. The Dow rose 0.26 to 802.07 while the DJ utilities index gained 0.96 and the transportation average fell 0.89. Volume was 10.67 million shares with 484 gains and 369 declines among 1,059 issues. The AMEX index advanced to 27.02.
Washington hears an array of celebrities in three days of congressional hearings on franchising as a potential federal regulatory target. Minnie Pearl has accepted. others like Johnny Carson and Joe Namath may join as witnesses. Senators weigh guidelines amid concerns of over franchising and unfair contract terms in a $90 billion per year industry.
Daily price index update from New York outlines market movement and ups and downs in key commodities. Analysts note modest gains across financials while energy and industrials show mixed signals amid trading session activity.
A Nevada group of 15 cattlemen contributed 6500 dollars to a reward fund aimed at reducing cattle rustling. State agriculture director Lee Burge warned the problem is serious and seeks convictions on felony rustling charges to prevent escalation.
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