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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Feb 13, 1970
Page
15
Grumman stock has fallen from 45 to 25 as Navy F-111 scrapping weighs on prospects despite rising sales. A new $110 million F-14 development contract and Gulfstream II jet may improve its aerospace mix, with 50 cent earnings potential if the jet progresses.
CG&E and subsidiaries earned 2.14 dollars per common share in 1969, up from 1.98 in 1968, with sales at a record level due to high activity and favorable weather. Kilowatt hour use rose 8.9 percent for electricity, while gas sales climbed 12.6 percent amid industrial demand. President Zimmer warned rising costs may drive future rate increases as the utility continues its expansion program.
About 100 parents watched hallways and rooms as Lima Senior High School resumed classes after a day and a half shutdown over racial disorders. Principal Merlyn Sykes said volunteers lent dignity to a return to normal study. Two students were injured in disturbances sparked by white students walking out of a black history week program.
Firefighters found 83 year old Nancy Cluff dead in her two story Marion Ohio home after a blaze destroyed the building. The cause of the fire was not determined.
Carton prices for eggs delivered to Ohio cities show Large A 56-61 for packing plants and Large A white 63-68 to retailers. Medium A 54-58 and Small A 48-49. Poultry fryers priced at 14.7-16 at farms in Ohio and southern Indiana. Potatoes bring 4.40-6.50.
Cincinnati market notes show cattle and calves undersold for testing. Hogs move higher with barrows and gilts up 75 to 1.00, 200-230 lb at 20.10 to 19.25, 230-250 lb at 28.60 to 29.10, 250-260 lb at 28.10 to 28.75. Sows and boars untested. sheep untested.
New York trading opened with mixed gains and losses among leading issues. The Dow Jones industrial average fell 1.72 to 735.61 as major stocks posted fractional changes including Texaco Pfizer and Reynolds Tobacco.
Peter Hilton, a New York consultant, says spinoffs will become a growing corporate trend over the next two years as firms shed unprofitable or misaligned product lines from 1968 and 1969 acquisitions. Buyers seek marketable, goal aligned products and avoid regulatory hassles.
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