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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jun 23, 1961
Page
12
Savings have risen sharply in early 1961 with figures from the Securities and Exchange Commission showing a $5 billion gain in the first quarter. Retail sales barely held, while merchants anticipate a pickup after Labor Day as consumer buying steadies and installment debt grows. Banks and mutual funds report continued savings growth amid stock-market shifts and bond movements.
The National Labor Relations Board scheduled two elections at Mead Corp. of Chillicothe for June 29 to determine if 2,000 production and maintenance workers are represented by the United Mine Workers or the Papermill Workers Union. Excluded are administrative staff and truck drivers. A separate vote will decide truck drivers' representation among UMW, Teamsters, and Papermill Workers.
The City Commission of Middletown Ohio adopted Resolution No. 3430 declaring an emergency to repair sidewalks curbs and gutters along Calumet Avenue Yankee Road to Penfield Avenue Grove Street and other streets. Nonresidents or owners unable to locate will be charged for costs if repairs are not completed within 15 days of this notice.
A 20-year-old Lima man, Dennis E. Gates, father of two, was killed Thursday night when his car left an Allen County road two miles north of Lima. The vehicle tore down 400 feet of fencing and struck a large stump.
Washington AP reports legislation to extend existing excise taxes for another year on liquor wine beer cigarettes automobiles and other items awaits President Kennedy's signature. The Senate approved the measure by a voice vote on Thursday.
Market activity shows sustained drift as institutional investors acquire diverse stock. Analysts note liquidity remains strong, while volatility ebbs in several sectors and fund flows favor large buyers.
A two car collision Thursday at the intersection of two Wayne County roads killed Donald Comin, 59, of Wooster, the Ohio Highway Patrol reported. The crash occurred a half mile east of Smithville.
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