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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Dec 15, 1967
Page
22
U S Ambassador William J Porter will join about 30 radio amateurs in Korea to enable servicemen overseas to make low cost Christmas calls to families in the United States, seven thousand miles away.
Willow Grove Pa AP The Administrative Management Society reports 68 percent of 133 firms have Christmas parties this year with 25 percent still on company premises. The rest are held in restaurants hotel dining rooms and clubs.
In Columbus Ohio the AP reports farm and city egg prices with U S grades for cartons large 38 to 43 cents and medium 31 to 36 cents while small 30 to 31 cents. Retail deliveries in major Ohio cities show large white eggs 42 to 48 cents, mostly 44 to 45, medium 37 to 41, mostly 37 to 39. Poultry prices at farms in Ohio and Southern Indiana show fryers 11 to 14 percent, mostly 11 to 12, hens light 3 to 5 and 4 widely cited. Potatoes range from 3 25 to 6 00.
Chicago grain markets close with mixed results as prices hold near session highs and lows. Trading activity reflects scattered demand and cautious stance from buyers amid uncertain outlook for corn and wheat markets.
The First National Bank board announces a regular quarterly dividend of 40 cents per share, bringing 1967 total to 1.60 per share. Payment will be Jan 5, 1968, to shareholders of record Dec 21, 1967, with 200,000 shares outstanding and capitalization over $6 million.
USDA cattle receipts weak with 225 cattle and 25 calves. Hogs see 700 head, barrows and gilts 49 to 50 higher, prices for various weight classes listed. Lows 25 higher across weight ranges. Week shows barrows and gilts 23 to 50 lower on 190-250 lb offerings, sows 1.00 to 1.50 lower. sheep untested.
Prices edged higher at the New York Stock Exchange opening as gains led losses three to two. Scott Paper rose to 26, Heublein to 31 1 2, City Investing to 114 1 2, while Smith Kline fell to 49 1 2 and Lockheed slipped to 49 1 2. AP average for 60 stocks at 316.6.
Fragmentary note shows prices for poultry items such as rabbits young ducks Pekins hens turkeys fryers and colored hens. Missing clear figures or dates.
Valeria Barsova, 76, renowned Russian singer, died of a heart attack at Sochi on the Black Sea. She performed 28 years with the Bolshoi Opera and gave concerts abroad.
Advisor urges selling 100 shares of U S Steel due to ongoing decline and weak growth. Recommends Chesebrough Pond's for growth and higher earnings. Suggests swapping Martin Marietta into Holiday Inns and National Tea into Baxter Laboratories. Questions NI Gas. holds RCA and others yet growth should trump yield.
Bob Hope stopped by Richard M. Nixon at a television studio before a holiday trip to entertain troops in the Pacific. The comedian quipped about being in hot pursuit of a golf ball while Nixon discussed opposing the hot pursuit concept to widen the Vietnam ground war.
Bargainers for the United Auto Workers and General Motors worked into the early hours, seemingly close to a new national contract affecting 380,000 GM workers. Both sides declined to comment, with spokesmen saying no statement would be issued for hours. The UAW had set Thursday midnight as a target date but warned of no strike before after January 1.
The analyst believes utilities like Northern Illinois Gas are oversold and profitable at current depressed levels. They warn higher rates could push the stock lower but cite a good yield. Food chains face cost-prize squeezes. Winn Dixie is strong but should be bought only for those needing high income.
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