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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Oct 21, 1966
Page
18
Crane Company shows strong long term prospects with rising earnings in 1966 amid a residential slowdown. Management efficiency and selective plant expansion in chemicals and oil processing support profits. a year end dividend increase is possible.
New York stocks opened mixed in moderate volume with RCA down to 4.25, General Dynamics off to 47 1/2, Eastern Air Lines lower to 62, and General Motors rising to 71 1/2. The AP 60-stock average slipped 5 points to 264.10.
The REA stands for Rural Electrification Administration, a government agency responsible for assisting rural electric cooperatives and loan programs to expand electrical service across underserved areas.
Cincinnati AP reports USDA cattle and calf totals below market test thresholds. Hogs show a sluggish barrow and gilt trade with steady sow demand, barrows and gilts at 21.25 to 21.35, sows 17.75 to 19.90, bears at 16.00 to 17.00. Sheep volumes insufficient for tests.
Prices paid for eggs after candling and grading in Ohio and Indiana farms and packing plants. Loose and carton eggs show large and medium classes with ranges in Ohio cities. Poultry prices at farms across Ohio and southern Indiana include fryers and hens, with potato prices listed.
Chicago grain prices show mixed moves across December through July contracts with small gains and slight declines. Data lists multiple futures entries including Dec Mar May Jul Sep, with shifts in highs lows closes and percentage changes reflecting ongoing volatility in grain trading.
Washington AP reports the Labor Department's consumer price index rose 0.3 percent in September led by higher clothing costs. The index reached 114.1, meaning $11.41 buys the September basket. Food costs slipped slightly while housing, medical care, and beef and pork prices rose. women's coats and dresses drove the clothing gain. Langley noted as a pioneer in air travel.
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