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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Dec 14, 1970
Page
8
Cincinnati livestock sales show cattle 1,600 and calves 100 with slow slaughter demand. Steers mainly 27.00–28.50 yield grades 2–3, heifers 25.50–26.50, cows 18.00–20.75, bulls 23.50–26.50. Calves dealers steady 40.00–46.00. hogs 2,200 with barrows and gilts 16.60–16.85. sows 10.50–11.75. boars around 10.00. Sheep 250 with lambs 23.00–24.00 and 21.00–23.00 for others.
Columbus reports prices paid to country packing plants for eggs delivered to Ohio cities. Consumer grades include U S grades with minimum case lots. Carton Large A ranges 45 to 51 dollars, Medium A 41 to 46, Small A 33 to 35. Retail deliveries show Large A white 51 to 56 dollars, mostly 52 to 53. Medium 47 to 52, mostly 48 to 50.
A reader weighs utilities like Detroit Edison yielding 7.7 percent against Tool Research and Engineering TRE a growth play tied to anti noise tech. TRE benefits from Soundwich and Stresskin products and a Rohr contract, trading at 18 times 1971 earnings. NYSE trust fund stability and potential broker risk noted with 196 firms in distress and possible new assessments.
Cincinnati based Hilton-Davis Co. will hire replacement workers after the chemical workers rejected its final offer in a seven month strike. Local 343, representing 634 of 1,100 employees, voted 373 to 136 against. the firm says it will prioritize recalled strikers once production resumes.
Poultry prices show fryers in short supply as hens remain scarce with strong demand. Cattle and other farm goods noted, potatoes range from 3.25 to 5.00 per unit amid varied market activity.
Industry Week Magazine says 1971 will pose a profitability pinch for manufacturers. Firms plan to boost productivity, raise prices, cut money losing operations, and seek tax relief. Detroit auto parts makers cut payrolls and speed up output, risking quality. TV makers consider exiting black and white or importing sets. steel firms push teamwork to cut defects and cut costs while some cut plant operations. Domestic raw steel output rose to 2,385,000 net tons and No. 1 heavy steel scrap rose 33 cents.
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