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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Oct 13, 1972
Page
14
The New York Stock Exchange opened with the Dow Jones average around the prior close as gains and losses were nearly even in moderate trading. Investors watched third quarter earnings for cues amid concerns over higher rates and a credit crunch after the election. Roald Cooper of W. E. Hutton & Co. noted many feel negative and are waiting on earnings reports.
At 2:35 p.m. yesterday a fire at 4808 Earl Ave. involved Thomas Hogan, 58, who was ill and transported by ambulance to Mid dletown Hospital where he was treated and released. At 1:32 a.m. today Mrs. Imogene Buckner, 49, ill, was taken to a hospital by private vehicle after a fire at 826 N University Blvd and also treated and released.
The New York Stock Exchange at 11 00 a m lists numerous stocks with varied bids including Aeronca Allied Stores American Cyanamid American Home Products and Ford among others. Ohio farm prices show eggs delivered to major cities large carton grades and poultry truck lot prices with Cincinnati and Cleveland figures.
GM will complete production of only 40 of about 1,100 1972 cars on the Norwood assembly line. Local 674 of the UAW says cars including Chevrolet Camaros and Novas and Pontiac Firebirds were on the line when they struck April 7. The strike ended last month. GM has not confirmed the number on the line.
The Public Utilities Commission of Ohio recessed its hearing on Ohio Bell Telephone Co. request for a 165 million dollar rate hike until 9 30 a m Tuesday. Testimony came from D Rawson Whitney of Ohio State University and Elmore McCoy of Ohio Bell on depreciation rates.
GM will donate parts to schools for use in vocational training classes. Parts from unfinished cars not economical to assemble will be scrapped. Production at the plant may resume next week depending on availability of 1973 parts and components, according to a GM spokesman.
Cincinnati livestock market data shows cattle 150 head calves 25 untested hogs 300 with barrows gilts steady and some 25 lower, supply about 100 head short of early estimates. Weekly trend notes barrows gilts mostly 50 lower with sows steady to 25 higher. boars weak to 1.00 lower. Receipts this week 2,400. last week 3,800. last year 3,300. Sheep 25 untested.
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