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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jun 12, 1973
Page
10
Wall Street opened lower as investors awaited President Nixon remarks on inflation measures. Reports indicate a nationwide unveiling of the new program could come Wednesday night.
In Cincinnati Ohio USDA cattle and calves 650 head at auction Slaughter steers and heifers steady to moderately active Slaughter cows up 1.00 to 1.50 higher Weaners and feeders mixed with scarce demand Hog prices up 25- barrows and gilts higher Sows and boars also firmer Sheep lambs steady with spring slaughter values listing various weights and grades
Fire Chief James L. Mattson said tests will occur daily in several city areas starting today. He warned residents near test sites may experience temporary water discoloration.
The London foreign exchange market stayed open while other European markets closed for Pentecost as the dollar held steady and gold dropped to 116.50 an ounce. The Bank of England noted rising speculation by multinational firms and banks, reflecting prior devaluation fears, and predicted currency realignment would improve world trade balance in time. The passage notes a vessel steering mechanism called the helm.
Valley View Board of Education will announce the selection of a new basketball coach at a special meeting tomorrow. Supt Richard Jordan noted delay and said action is expected this summer after years of requests.
A federal grant of more than 350000 dollars will support about 518 Miami University students in Oxford this year with Supplemental Educational Opportunity Grants under the Higher Education Act of 1965. Western College will receive 18974 dollars for 27 students to be awarded on financial need.
Americans invest in wine as a hedge against inflation with cases of Chateau d Yquem and Chateau Talbot rising in value. Investors report sizable gains though laws restrict private sale and profits are not easily realized.
Armco Steel Corp announced a June 17 shipment price rise for aluminized steel products types 1 and 2. Base price up by $2 per ton with gauge and width extras adjusted to reflect production costs, resulting in an average price increase of 1.38 percent. Middletown Works is a major producer for Armco.
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