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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jun 30, 1972
Page
8
Cincinnati market report shows cattle movement with calves and livestock figures. AP dispatch notes USDA data and cattle count for the period, reflecting early market activity in the region.
Ohio reports egg prices paid to country packing plants delivering to major cities. Consumer grades include United States grades with minimum 50 case lots. Carton Large A 35 38, Medium A 29 32, Small A 20 22. Large A white cartons to retailers mostly 41 47, with typical 42.
Diamond International Corp. reports net income of 17.5 million for H1 1972 up from 17.2 million last year. EPS rises to 1.47 from 1.44, with sales at 270.9 million. 45 cent quarterly dividend declared, payable Aug 3 to holders of record July 12. Chairman Walters cites weak egg industry conditions and new tray costs, with pulp and paper recovery uncertain for full year. Diamond makes packaging machinery, lumber, paper, printing, and consumer products.
About $90 was taken by a thief who broke into the Ortman Stewart Transportation office at 10 S. Broad St. Two money-changers were found behind the offices. A pinch bar used to force a door was taken from a truck being used for the downtown mall project.
Gov. John J. Gilligan signed into law a bill creating a State Department of Transportation. Rep. Gordon M. Scherer praised the enactment as timely legislation. The plan originally included the Division of Aviation but the final measure moved forward without it.
New York stock prices opened higher today after six straight declines as trading was moderate. On the New York Stock Exchange, advances led declines two to one with most changes fractional. The Dow fell 4.59 to 926.25 while the AP 60-stock average dropped 1.5 to 319.6, an additional 1972 closing low. The American Stock Exchange index edged down .03 to 27.17.
A Middletown youth Thomas L. Hackett 17 of 3628 Fiesta Way appeared to fall asleep while driving west on Ohio 122 east of Union Road. His car left the road struck a culvert mailbox pole and fence then went through a ditch and back onto the highway.
A lightning outage at 2:23 a.m. damaged two nearby houses on S Breiel Boulevard. Tom Kucer’s basement suffered a $50 loss from a burned freezer plug. Steve Mikula’s kitchen dishwasher switch burned for $25. Total damage reported at $75.
The Senate passes a 20 percent across the board raise for Social Security benefits, the largest in history, financed by higher payroll taxes and automatic cost of living adjustments. The measure, added as a rider to a four month extension of the national debt ceiling, would take effect Sept. 1 with checks in early October, and faces House action amid GOP opposition.
A 15 year old boy named Rogan Burchenal was fatally struck by lightning while riding his bicycle near his home in suburban Glendale. He is the son of Ralph Burchenal, executive vice president of the Central Trust Bank.
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