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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 25, 1973
Page
16
On Wall Street the market extended its advance with the Dow Jones industrial average rising modestly from Thursday’s 29.42 point leap to 924.44. Gainers led decliners by more than three to one on the New York Stock Exchange as analysts noted continued buying pressure.
Market mood improved as brokers cited reports that the Nixon administration may suspend plans to relax corporate dividend limits for now. Traders noted the potential easing rumors as a factor in the uptick.
Columbus Ohio reports prices paid to packing plants for eggs delivered to major cities with consumer grades and carton sizes. Large A eggs fetch 53 to 56 cents per dozen, Medium A 50 to 52 cents, Small A 43 to 46 cents. Retail cartons to cities show Large A white 60 to 65 cents, mostly 60 to 62, Medium 56 to 60, mostly 56 to 58. Ready to cook broilers and fryers truck prices: Cincinnati 38.2 to 39, Cleveland 39 to 40, Columbus 38.75 to 39.00.
US cattle and calves 225 head with limited tests. One lot 970 lb steers brought 46.50. Hogs 300 with steady barrows and gilts and short demand. Near 175 head under test. 200-230 lb hogs 38.50, 230-260 lb hogs 37.50-38.25. Receipts this week 3,100. last week 2,500. last year 21,500. Sheep 25 head untested.
Joseph J. Oswald has been appointed staff systems engineer in Armco Steel Corp. headquarters systems computing group. Oswald, 55 Ohio Ave in Monroe, joined Armco in 1966 as a programmer at Middletown Works and later became associate systems analyst in 1968 and systems analyst in 1969.
United Paperworkers International Union members at Inland Container Corp plants in six cities will vote tomorrow on a new contract proposal. The Middletown facility employs about 200 workers on strike since May 3 over retirement benefits and unit size.
About a dozen of the nation’s largest banks boosted the prime rate to 7 percent in a quarter point rise. Banks such as Chase Manhattan, Marine Midland, Manufacturers Hanover, Bankers Trust, First Pennsylvania, and First National Bank of Boston joined the move with Bank of America studying the change. First National City Bank of New York was expected to follow.
The Miami University Pulp and Paper Foundation votes a 1973 74 budget of 541000. Major line items include 43200 for scholar ships and 4000 to support a college credit summer workshop for high school pupils. The foundation coordinates industry guidance and financial help for the program started in 1957.
Elmer Roberts and James Leis pleaded guilty to malicious entry in the Middletown Eagles lodge on S Main Street. They were joined by a juvenile when arrested by county police with Middletown officers. They were referred to adult probation for a pre sentence investigation with disposition set for June 7.
Evangelist Billy Graham lands in Seoul for a five day crusade running May 30 through June 3. This marks his third Korea visit and follows previous missions by the famed preacher in the region.
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