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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Apr 25, 1966
Page
10
A 30 year old man can buy 25000 dollars worth of mortgage insurance for 17 dollars 55 cents each quarter. Call 422 3761 Walburn Insurance Agency 1319 First Ave.
Cincinnati advance by AP notes USDA cattle numbers with 1,700 cattle and 200 calves listed. Slaughter steers and heifers began the day moderately active as trading opened, outlining early demand and price directions for live cattle futures.
New York AP reports a downturn at the opening with most leaders slipping. Martin Marietta rises 25 percent on 5,000 shares while General Motors drops 4 percent on 3,400 shares and Pan American World Airways falls 0.75 percent on 2,500 shares as the AP average of 60 stocks declines 1.7 points to 351.4.
Richad Wilson, 22, of Lebanon, was in serious condition at Middletown Hospital after a fall from a construction site, Project 600 at Armco Steel Corp. He had been listed in critical condition earlier and lives in Lebanon while his home is Stockton, California.
In Columbus and Cleveland Ohio, demand is rising for reinforcing bars and tin plate with overall finished steel purchases leveling off after a peak. Steel Magazine reports current bar orders double normal volume and tin plate orders rise ahead of packing season while aluminum coated sheets soften. First half shipments likely around 46.4 million tons versus 51.3 million last year and 41.5 million in 1964. Net ingot output estimated at 2.74 million tons, with one idle steelworks resuming production. Steelmakers say ample capacity exists to meet guns demand without harming non defense tonnage. only 2 to 5 percent of shipments go to military uses. No major price shifts for No 1 scrap, though prices remain soft.
At Cape Kennedy Florida striking electrical workers picketed all five gates entering Kennedy Space Center. About 275 members of California Local 1201 of the International Union of Electrical Workers are involved, with 52 at Cape Kennedy. The dispute centers on wages, with Californians earning less than peers in the space industry. Union demands include a 16 cent hourly increase plus a 30 cent Cape Kennedy differential. the company offered 19 cents and no differential.
About 49,000 striking soft coal miners begin to return to work after a tentative agreement was reached with UMW President W. A. Boyle and BC with Edward Fox. Union officials may delay full return. UMW policy committee meets in Washington to discuss terms, while Pennsylvania producers hear the proposal in Pittsburgh. The accord promises wage hikes, more vacation pay, eight holidays, and higher shift differentials, with differences noted from the April 8 contract with Peabody Coal Co.
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