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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 20, 1960
Page
8
Sylvia Porter reports a soaring used car surplus with over 1.5 million cars on franchised dealer lots and prices slipping across late models. The Automotive News index notes record inventories and wholesale prices falling, while dealers predict continued soft demand and heavy trade-ins across nearly all 1957 to 1960 models.
The article notes a drop in used car sales as buyers switch to compacts and late model cars, squeezing prices and limiting dealer movement except for prestige models. It cites Michigan survey results showing weaker plans to buy used cars and quotes Universal CIT Credit Corp. on affordable buys, urging careful budgeting and price comparison.
A female teller at Farmers Merchants Bank in Adel Georgia confronted a robber Tuesday and refused to hand over all the money saying she could not give everything. She then alerted bank VP W J Harris who emerged with a weapon and the suspect fled.
Lightning hit the Eton College boathouse crowding with boys seeking shelter. Tires were hurled, smoke filled the building, six pigeons were killed in the rafters, but no boys were injured.
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