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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Apr 10, 1970
Page
15
Dayton Livestock reports Tuesday closing prices with 250 receipts. Hogs ranged 215 to 235 for No 1 and 2 freshness at 24.50 to 24.75 per cwt. Sows traded 325 to 475 with prices between 20.00 and 22.00.
The Cincinnati market shows cattle with 100 head and calves 25 with no test classes. Slaughter steers 1070 lb bid 32.25. low choice heifers 950 lb 31.00 and 850 lb 30.00. Hogs 600 head up to 25 higher. 200-220 lb 25.00–25.10. 220-240 lb 24.50–25.00. 240-260 lb 24.00–24.50. Sows 22.25 for 400-600 lb. barrows and gilts mixed gains. Compared with last Friday, barrows and gilts steady, sows up 25. sheep untested.
Ohio prices show eggs paid to country packing plants for delivery to major cities with U.S. grades and minimum 50 case lots. Large A 39 43 cents, Medium A 35 38, Small A 29 32. Retail cartons in major cities mostly 45 47 for Large, 41 43 for Medium. Potatoes range 4.50 6.50 per unit.
The New York Exchange shows a near even tug between declines and advances as investors hold steady before first quarter earnings. Key issues move in fractional changes with Litton down about 2 percent and American Telephone down around 3 percent, while Smelting gains near 1 percent and Computer Sciences rises about 4 percent. The Dow Jones Industrial Average rises 0.86 to 792.5, and the AP 60-stock average adds 0.1 to 279.3.
Warren County Deputy William Reynolds 27 of Springboro underwent surgery after a crash on Bunnell Hill Road and a cow encounter. Doctors call his condition fair and undetermined for partial paralysis. Reynolds, a year on the sheriff’s staff, is father to four.
Armco Steel Corp will expand by opening a multi million dollar plant in Greencastle Pennsylvania this fall. Construction will start this month on a 32 acre site across from Hagerstown Maryland with about 50 workers initially. The plant will produce solid wall ABS pipe four to six inches and double wall truss pipe eight to fifteen inches, using light weight concrete grout for strength. Initial facilities include a 40000 square foot plant building and a 3000 square foot office building with two extruding machines.
Philip Carey Corp of Cincinnati and Briggs Manufacturing Co merge to form Ponacon Corp with headquarters in Cincinnati. Briggs stockholders approved the deal and the iStock will trade on the Detroit Stock Exchange. The new firm will encompass divisions including Western Tire Auto Stores and Miami Carey with combined 1969 sales over 150 million and about 6000 employees.
The piece explains mutual funds require high liquidity and cannot handle real estate parcels. It highlights REITs as a distinct, largely OTC vehicle with about 100 closed end trusts, offering equity and mortgage trusts, leveraging funds, and variable performance. It cautions small investors on REIT risks and liquidity issues.
Rufus Stevens aged 21 of 1407 Woodlawn Avenue played hide and seek with neighborhood children yesterday. He climbed to his roof stepped on a loose shingle and fell about 30 feet to the ground. He received treatment at Middletown Hospital for unspecified injuries.
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