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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Aug 16, 1971
Page
7
Industry Week says U S stainless markets have been catastrophic with no immediate relief seen for producers. Foreign mills underprice U S firms and finished steel products suffer. quotas may be exceeded and import dependence rising.
The Associated Press reports sixteen people died in Ohio weekend crashes, including two Cincinnati children Kimberley Tracy five and Donald Tibbs twelve struck while playing near U S 50 Friday night. On Saturday Rowena Gutheil fifty one and Kevin Henderson fourteen of Lebanon were killed in a one car crash east of Lebanon. The incident span began 6 p m Friday to midnight Sunday.
A 46 year old Middletown area man, Ted Hester of 6620 Kalbfleisch Road, was injured when his north bound car went out of control on Dickey Road striking a bridge abutment then slid into a ravine. He was treated and released from Middletown Hospital. Police say he apparently fell asleep at the wheel.
President Nixon's economic moves are described as a strategic move to buy time and bolster his 1972 bid. The plan aims to project action on the economy, offering a new policy cycle that could defuse the issue before the next election, or show the old approach was failing.
The article notes President Nixon’s 90 day freeze on wages prices and rents as a political move to curb inflation ahead of the 1972 race. It discusses Democratic and Republican views, impacts on workers, travelers, and car buyers, and how the measure could influence voter support depending on duration and perceived effectiveness.
Dayon livestock auction shows mixed cattle hogs and sheep results. Cows and bulls mainly 16.50 to 28.00 per cwt, vealers 40 to 44, hogs 18 to 20, sows 11.50 to 16.50, boars around 12, spring lambs 28 to 31 with ewes 5 to 8.
Tourists scramble as France marks a public holiday and banks close. Cashiers refuse to exchange unless paying bills, offering 5 francs per dollar versus the prior 5.51 rate. Some change offices stay open, lines form, and taxi drivers warn of chaos while Americans buy dollars at mixed rates. One traveler in Yakima, Washington, views the devaluation with cautious optimism.
London reports the government has established a national transplant service across Britain to coordinate kidney graft waiting lists. The new clearing house matches available donor kidneys with patients in need.
Stock prices surged on Nixon’s sweeping economic plan as analysts forecast a strong boost. Trading was heavy on the New York Stock Exchange with institutional activity and delays in blue chip openings, while the Dow fell 2.99 to 856.02. American indices edged down in thin volume.
Cincinnati cattle market shows 1,100 head of cattle with 100 calves and 50 more steers and heifers, cows scarce. Prices range for steers 900-1,250 lb from 29.00 to 34.00, with high choice 1,075 lb around 34.00. Heifers 2-3 at 30.50-31.75 in cen, others 30.00-32.75. Cows and bulls utility and other grades described with mixed demand.
Ohio packing plants quoted eggs delivered to major cities with U S grades and minimum 50 case lots. Carton Large A 382-41, Medium A 32-33, Small A 21-23. Retail cartons in major cities showed large white 49-52, mostly 45-
A 46 year old Sorg Paper Co. maintenance worker, Leroy Theodore, was burned and treated for burns and smoke inhalation after a basement fire at the power plant. Firefighters say oil and coal dust ignited when a torch cut a cable, with Theodore pulling others to safety before escaping himself.
Poultry price reports from Ohio farms show hens priced light at 5 to 6 percent, mostly around 38 to 39 in the market context. The data indicates modest variation with a slight tilt toward the higher end of the range.
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