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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Mar 20, 1973
Page
8
Armco executives report near full capacity across operations and a strong 1973 outlook with anticipated record first quarter sales. They note energy shortages, high scrap prices, and limited expansion plans as key near term constraints while expecting improved profits and steady demand.
Sealed bids are requested by Madison Township Clerk Jenice Murray for one new dump truck one new tractor with mower and one 2 ton pickup truck. Bids due by 5 00 P M Wednesday April 18 1973. The board may reject all bids. Also notices of divorce and planning hearings appear in this multi item notice.
Washington AP Burns leads committee on Interest and Dividends says banks must justify the 6.4 percent prime rate hike. Manufacturers Hanover Trust and Marine Midland first raised rates, with several banks following. Burns asks bank reps to Washington Thursday to provide up to date cost data supporting the increase.
Donald C. Alexander, a 51 year old Cincinnati lawyer and tax law expert, is tapped by President Nixon to lead the Internal Revenue Service. He will succeed Johnnie M. Walters who intends to resign April 15 subject to Senate confirmation.
No. 2556 requests to rezone lots 11614 12095 12094 and part 12093 from C1 and C3 to C2 on Manchester Road at Vannest. Property known as McGee's Market sits at the northwest corner with nearby parcels. Planning Commission secretary notes a March 13 20 deadline and urges attendance.
Columbus based holding company First Banc Group with 13 affiliates including Barnitz Bank of Middletown posted 1972 net operating earnings of 11.7 million on 1.2 billion in assets, a 1 percent ROA and 13.7 percent ROE. Management cited seventh largest Ohio holding by assets and fourth by earnings. authorized share increase to 10 million.
New York stocks opened lower as investors worry over higher rates after a 2 percent rise in the prime lending rate. The Dow fell 10.99 to 952.06 while Big Board volume was light at 12.46 million shares. RCA and Gulf Oil led declines among major names on the exchanges.
USDA livestock market update lists cattle and calves with steady to higher bids on feeder cattle and mixed slaughter steer quality. Slaughter steers 44.00 to 46.00 for heavy weights, heifers 43.50 to 45.70, cows 33.50 to 37.00, bulls 42.00 to 45.00, feeder cattle and lambs show varied but active interest. hogs mostly 50 lower with barrows and gilts around 39.25 to 39.00 for common weights.
22 year old Cincinnati man George Phillip Rickey Jr was bound over to the Butler County grand jury on morals charges in Area One Court. Bond set at 25000 by Judge Clem Imfeld following his March 9 arrest for an assault on a 42 year old woman on Stahlheber Road. Rickey had been a delinquent in 1964 for a Fairfax girl stabbing death and was kept in custody until age 21. recently released and worked two months as an orderly at the Cincinnati Mental Health Institute.
A leadership seminar for managers will be held Thursday evening at the Holiday Inn South in Daytona on Interstate 75. Sponsored by Bestline Corp of San Jose, Calif, the event features Chuck Simmons on a manager's personal growth time management and development. The seminar begins at 7:30 p.m. with a nominal door charge.
American Financial Corp. posted a record 15.1 million dollars in earnings for 1972, with Carl H. Lindner noting a 37 percent fourth quarter rise beyond the 21 percent projected for the year. 1971 earnings were 11.8 million.
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