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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jun 02, 1970
Page
7
Ford Motor Co said no to a federal plan requiring air bag systems in 1973 cars. Stuart Frey noted Ford cannot meet proposed installation dates and cited safety concerns after demonstrations showed bags inflating too slowly or damaging interiors. GM earlier called the plan feasible but not doable by 1973.
In Boquete Panama a thousand cherry-tree saplings were presented by Japan as a gesture to foster friendly ties between Japan and Panama. The gift aims to strengthen diplomatic goodwill and cultural exchange in the resort town.
AP reports Cincinnati cattle and calves offerings with slaughter classes down to 50 lower. Steers and heifers slow, cows steady to weak. Steer stock 950 to 1,050 pounds at 29.50 to 30.50, mixed grades 28 to 39, Holsteins 27.00 to 28.00. Heifers 750 to 950 pounds at 29.00 to 29.50, good to choice 28.50 to 29.00, and 26.50 for lower grades.
The New York Stock Exchange led gains as McDermott U S Industries Fedders and Teledyne rose. The Dow Jones industrial average climbed nearly 80 points since last Wednesday to 710.36, while the AP 60-stock average gained to 245.1 with 15.02 million shares traded. Analysts said the rally lacked a major underlying market shift.
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