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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 06, 1962
Page
4
The Middletown Journal lists subscription rates for week day, Sunday, and mail options with local and trading area prices. It notes in advance payment, daily publication, and includes a Romans quotation.
U S Steel Corp. will pay 75 cents per share as quarterly dividend, based on first quarter earnings. Roger Blough notes no margin for reinvestment, signaling limited reinjection of earnings into the business despite the payout. Census says nine of ten households have television, highlighting TV and installment buying popularity.
A push to enact a national resale price maintenance law faces opposition and support. Proponents argue price cutting harms small businesses while critics warn the measure restricts free enterprise and could deny retailers access to products. FTC Chairman Paul Rand Dixon criticizes the plan as contrary to consumer interests.
The surge of American visitors to Japan continues with 250,000 tourists in 1961, 54 percent from the United States, spending about 140 million dollars. Japan plans to invest nearly a million dollars to attract more travelers while facing hotel shortages and severe traffic, including an ultra high auto fatality rate. The contrast — charming countryside versus perilous roads — may spur Japan to devise effective traffic controls for future growth.
In Carrollton Georgia Roy Richards built a wire and cable plant in 1950. He recruited Roger Schoerner and grew Southwire from 22 workers to over 40 million pounds shipped annually. A church sermon on THINK BIG inspired a bold sales approach and a profit sharing culture with an Employees Chapel. Richards and Schoerner credit faith guided success.
Middletown residents packed the Jaycee air show drawing more than 20 000 inside the airfield with thousands more on hills and yards outside. Community leaders weigh plans for a bigger show next year and consider a giant boat exhibit at Flood Smith Park.
President Kennedy seeks to curb price and wage boosts without legal power to fix terms. He relies on persuasion, market pressure, and potential fact finding boards to nudge labor and business toward noninflationary agreements. Past steel case tactics show mixed results and future moves remain uncertain.
The earth comprises about 200 million square miles of surface while the aqualung enables man to swim freely at depths of 500 feet, expanding underwater exploration and movement possibilities for divers.
George Sokolsky argues for clarity in describing the U S form of government noting three branches with checks and balances and the president's absolute authority over a cabinet and independent agencies He contrasts American practice with Britain and explains the roles of the president attorney general and the Department of Justice while warning that public understanding of executive responsibility has eroded over time.
Sociologist Danforth Stern urged an Illinois audience that population growth will keep labor moving and unemployment high. He warned government policies may misfire by subsidizing illegitimacy, expanding welfare, and over-regulating automation while ignoring the root cause: a swollen labor force. He cites 44 million out of work and 22 million women employed, urging review before new public works or immigration moves. A full house is not necessarily a winning hand.
Reports describe widespread potato thefts in England as truckloads of vegetables vanish across regions. A Mississippi liquor legalization vote failed, keeping the state dry, while Cleopatra's Needle in Central Park is flood lit. Scientists test in a pitch black Italian cave amid dark results. Two Chicagoans face charges over a car built from stolen parts. A playful note on facial muscles and a 13 muscle smile. College students return after a 11 day strike.
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