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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Aug 17, 1973
Page
17
A government wheat report says bakers capture more than half the price of a loaf of bread while farmers and retailers share the rest. The 26.2 cent loaf’s 1.1 cent rise from January to June is detailed with 13.5 cents to bakers and 5.3 cents to retailers.
Akron lawyer William R. Holland files a class action in U S District Court claiming Goodyear Tire & Rubber Co charged artificially high prices for replacement tires in the last four years. The suit could cost Goodyear up to 30 million dollars and parallels government charges against Goodyear and Firestone for price manipulation earlier.
Marathon Oil Co. announces the sale of 51 percent of its Libyan subsidiary to the Libyan National Oil Corp. The Findlay, Ohio based company expects about $42 million payment from the Libyan government. The agreement became effective August 11.
Stocks opened with slight gains after Thursday’s close drop as general economic concerns overshadowed by a strong balance of payments and dollar strength. Ohio egg and poultry price listings show carried ranges for cartons, ready to cook poultry, and farm goods. regional prices noted include Cincinnati and Cleveland quotes.
Cincinnati livestock report shows cattle and calves untested while hogs with barrows and gilts 1.25 lower and near 150. U.S. 1-3 200-230 lb at 54.00. Sows and boars untested. barrows and gilts 6.50 lower on week, sows 2.00 higher, boars 1.00-2.00 higher. Sheep untested.
Fragmentary want ad notes acreage and mobile homes for rent or purchase in suburban farms. Mentions lots and acreage and urges inquiries about properties in progress. No clear dates or full names present.
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