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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Mar 05, 1961
Page
22
Detroit reports a glimmer of relief as used cars move faster, with Ford’s Lee Iacocca noting that rising used car sales foreshadow stronger new car demand. Industry data show dealers handle about two thirds of the used car market, a cushion amid gloom.
Market analysis explains how trade-ins fuel new car pricing and affect buying decisions. It notes used car wholesale prices rose slightly in late February while massive compact car supply pushed down values of one and two year old models. Depreciation trends show new models lose about a third of value annually in early years.
New York AP reports cautious optimism over a potential economic upturn. President Kennedy urges patience, while Commerce Department data show January declines in output and personal income. Analysts note mixed signals: auto sales improving, steel orders firming, and retail volume rising slightly, but overall production weak and March outlook bleak with car output forecast down.
Ohio TAPPI dinner meeting at Miami University Center features Richard Hunter of Hunter Associates Laboratory discussing Optical Properties of Paper. He will cover brightness, opacity and gloss with a 7 p.m. talk and a 4 p.m. informal seminar with the Miami senior seminar on the same topic. Visitors may tour the university's paper technology laboratories.
Brunswick news reports an automatic laundry operator was duped out of 70 by a tampered coin changer. A string tied to a 50 cent piece caused quarters to dispense as if in a jackpot at night when the shop is unattended. Also noted is a steel mesh concrete brontosaur statue in Dinosaur Park near Rapid City, S D, attracting visitors with a 135 million year old reptile display.
Guyler Buick's local promotion that autos sell steel becomes a nationwide Buick sales program. Dealers nationwide receive the Flash Sheet campaign with salesmen wearing steel helmets and the slogan We Sell Steel. The idea spreads to Sharon Steel Bethlehem Steel and Armco aided Ashland plant promotion.
John Owen of Greene and Ladd becomes a fully registered representative of the New York Stock Exchange. He may provide investment advice and handle all securities and commodities for customers. Owen joined last March 8, took a correspondence course since September, and passed the general exam on February 18 at the University of Cincinnati.
New products this week include a compact Whirlpool Space Kitchen designed for three astronauts on a relay mission. It features a miniature water heater and a gravity neutral air free system with a positive displacement pump. An arm support bar helps one hand pumping, preventing drift in zero gravity.
PARIS AP The French aircraft industry more than doubled sales abroad last year per the Union of Aeronautical Industries. About three-fifths of the equipment sold was civilian.
In southern Peru the fishing village of Marcona has grown into a modern city of 8,000 as iron ore worth 125 million dollars is mined and shipped worldwide. The U S Export-Import Bank aided development, with Utah Construction and Mining Co and Marcona Mining Co building facilities, roads, a 2 mile conveyor, and a harbor upgrade to handle ships of 100,000 tons.
Robert Shane, superintendent of No. 2 mill, chairs the Sorg Paper Co safety committee. The panel, with reps from every department, is conducting a plant wide drive to eliminate hazards and enforce all safety rules.
A R Morris executive vice president of Middletown Federal Savings and Loan Association has been appointed to the 1961 personnel policies committee of the United States Savings and Loan League. The league represents more than 4700 savings associations and cooperative banks and the committee analyzes personnel problems and develops plans to address them.
Soviet engineers study a plan to build a 200 mile dam from the Caspian Sea western shore to the Mangyshlak Peninsula eastern shore to regulate the sea level. The proposal aims to control water level fluctuations.
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