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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Mar 18, 1966
Page
13
A market note discusses the decline in utility stocks as higher interest rates divert funds to bonds. It advises holding quality utilities and avoiding new purchases for now. The reader questions whether to reinvest gains from favored names like Consolidated Edison, Cyclops, Standard Brands, or Siegel for growth and income.
In a Six Notrump with spades led, consider a diamond finesse as a potential source for the twelfth trick. If the finesse wins, you gain a 10 percent chance of making the contact, with four clubs the remaining task. If not, rely on finesses and defender card splits to salvage the contract. Also notes a separate Four Spades line and a brief civil service exam notice for Middletown.
Washington reports West Germany has pledged 87.5 million dollars to back a prospect steel mill venture with Communist China. An international consortium led by a German firm plans plants for China's young steel industry, despite U S calls for boycott and tensions over Viet Nam.
Washington AP Senate and House Republican leaders accused the administration of cruelly cynical politics over Viet Nam war gains. They argued prosperity and falling unemployment result from wartime spending and large military inductions, criticizing Johnson Humphrey administration for political double standards and misusing perceived peacetime wealth. Ford and Dirksen urged scrutiny of domestic spending linked to alleged wartime boosts.
Resident and visiting sportsmen bagged a quarter million deer in Texas hills and woods in 1915. An estimated 2,250,000 deer escaped hunters during the 1965 hunting season and now roam freely across the Texas countryside.
Earl Reed Simpson has been named supervisor of order service in the Middletown office. Armco Steel Corp. announced. Simpson, of 3801 Manchester Road, began with Armco in 1947 as a cost clerk in works accounting. He later served as senior cost clerk and inventory relief clerk before moving to sales service as order price clerk in 1954 and to order scheduler in 1957. In 1960 he became assistant to supervisor and advanced to planner scheduling in 1963.
Washington AP report says the House Education subcommittee rejected President Johnson's request to cutback funds for the college student loan program. It insisted on full spending under the National Defense Education Act, totaling 190 million dollars, and rejected a compromise to shift to private lending with 150 million dollars only if colleges prove private funds are unavailable.
Moscow announces a propeller driven sleigh that skims snow at 87 miles per hour. The announcement notes rapid travel potential and echoes Santa Claus circling the globe in a single night, highlighting festive imagination and technology.
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