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Newspaper
Lima Star
Location
Lima, Ohio, United States of America
Date
Mar 16, 1966
Page
7
The New York stock market opened with a moderate recovery as gains slightly topped losses. Diners Club and American Telephone held steady, Pan American World Airways rose, while the AP average slipped 3.3 to 38.2 from Tuesday’s level.
In New York the AP reports that officials insist the economy can expand without overheating or triggering rapid inflation while markets on Wall Street express skepticism. Officials reiterate that higher government, business, and consumer spending will support growth without runaway inflation.
The article describes a heated debate over the economy as spending remains healthy while inflation risks loom. It notes higher interest rates, banks' lending challenges, and firms borrowing heavily to finance expansion, with consumer credit and mortgage activity rising and car sales hitting a March record.
AP reports Americans slip deeper into debt amid a $315 billion credit surge that finances homes, autos, and retail purchases. Economists clash on whether rising credit helps growth or sparks unemployment risks. Credit card unusually high interest, 44 percent monthly to 18 percent yearly, worries many borrowers.
A tour of the Penta County Joint Vocational School in Ressford is planned for Columbus Grove residents. The group departs Columbus Grove High School at 9 a.m. Tuesday March 22 with a 9:30 a.m. tour start. Reservations are via Columbus Grove 4271. Superintendent B Dean Horton says the tour will offer valuable information on the organization and operation of joint vocational schools.
Market figures show 800 head of cattle with steady demand. Steers sell around 21.00 to 30.00, heifers 24.00 to 27.00, cows 18.00 to 20.00, and bulls 19.00 to 22.00. Calves steady 100 head with prime 30.00 to 38.50. Sheep and lambs 200 head steady. spring lambs 27.00 to 28.00, heavy lambs 9.00 to 9.60. Hogs 330 head steady. U S 1-2 weights 200-260 lb at 25.00 to 25.58, 260+ at 25.50.
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