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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 22, 1960
Page
2
Analysis argues consumer prices outside food fall despite headlines of overall inflation. Nonfood items including autos and clothing drop 1 to 8 percent since 1960, with housing and appliances easing. Seasonal food gains and service costs push the index up for a fifth month, even as other sectors ease.
The article argues there is no sign of inflation returning and that higher federal spending would worsen the economy. With ample supplies and production capacity, consumer demand shifts toward saving, making inflation unlikely and real buying power grow for employed Americans as wages rise and prices hold steady.
A freighter is due in Pensacola to load a million dollar FFA aid cargo for Korea. Nine Kentucky FFA members will accompany the shipment, part of a friendship plan started by Dr. Walter C. Parr. Cargo valued at about 1.2 million includes drugs, X ray machines, hospital supplies, canned goods, clothing, cattle, farm equipment, two small trucks and a jeep.
Dayton Ohio scene reports a bartender swung an eight pound turtle by the tail during a turtle hunt demo. The animal apparently redirected its aggression, striking at Jean Willis as she watched, leaving a curious local news oddity centered on a garden variety accident.
The state launches its case against Dr. R. Bernard Fsch and Carole Tregoff in Los Angeles. Jury alternates were chosen as prosecutors prepare to deliver opening statements. The couple, aged 42 and 23, are accused of murdering his wife last July. their first trial ended with a hung jury.
Detroit AP report says Chrysler Corp chairman L L Colbert announced an ongoing probe into outside business interests of company officials. William C Newberg agreed to pay Chrysler over 450000 in profits from supplier ventures. he resigned after 64 days as president. Colbert said the inquiry will continue with counsel and independent auditors. he declined to name other involved executives. Newberg defended his dealings as lawful and counsel-guided, denying impropriety. The article notes no vendors’ names or further details.
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