Why the stock market matters to everyday Americans
AP Business News Writer Ed Morse explains the stock market as an auction block for American business. He notes that more than 17 million of 189 million people own stock in about 6,300 companies with a total market value of 531 billion dollars, a figure rivaling the national debt and affecting both U.S. and global pocketbooks.
MENTIONED IN THIS ARTICLE
ED Morse
AP Business News
New York
Wall St
New York Stock Exchange
America
United States
Kennedy
Russia
Cuba
New Middletown Packaging Firm Plans Operations Tomorrow
Akers Packaging Service Inc, led by William C. Akers, organized Aug 15 in Middletown, will begin sales tomorrow and production Sept 15 in a 23,000 square foot Armco Steellex plant at 2820 Jefferson Road. The firm aims to employ about 30 and sell mainly to Cincinnati Day ton area industries.
MENTIONED IN THIS ARTICLE
Akers Packaging Service
Jefferson Road
Middletown
Akers Packaging Service, Inc
Inland Container Corp
William C. Akers
Akers
Cincinnati - Dayton
Armco Steelex
Charles G. Rigg
Inland
William Meeks
Meeks
Olin Mathison
Cincinnati
Wickes Corp Hikes Earnings and Declares Stock Split
Wickes Corp reports year ending June 30 earnings of 2.52 a share on sales of 166 200 937 up from 2 34 on 134 423 099 in 1962. Fiscal 1963 net income rose 10 percent to 466 075 from 4 228 199 1962. Directors vote 2 for 1 stock split pending Oct 24 shareholders meeting. Headquarters are in Saginaw Michigan with a Monroe building supply store under construction.
MENTIONED IN THIS ARTICLE
Wickes Corp
Wickes
Saginaw, Mich
Monroe
Farm Prices Dip in August as Foods Fall
The Agriculture Department reports farm product prices dropped 1 percent from mid-July to mid-August, led by declines in commercial vegetables especially tomatoes and lettuce, and cattle and hogs. Milk, potatoes, and eggs rose, while prices for production inputs eased slightly. The mid-August price level stood 1 percent below a year earlier, with input prices 0.3 percent lower and parity at 78 percent versus 79 of July.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Planning Loans Awarded in Ohio by C F A
The Community Facilities Administration grants interest free planning loans to Ohio areas. Jefferson County Sewer District No 1 Steubenville water facilities receive 6000 dollars toward 896600 project costs and Millersport water facilities receive 6360 dollars toward 300490 project costs.
MENTIONED IN THIS ARTICLE
Washington
Ohio
Th Community Facilities Administration
Jefferson County
Steubenville
Millersport
Auto makers dodge price talk on 1964 models
Detroit AP reports Chrysler and Chevrolet preview 1964 cars amid questions on price increases. executives say no decision yet, while industry observers note recent strong profits may dampen hikes. GM plans Chevelle launch, offering pricing flexibility across lines to balance costs.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Chevrolet
General Motors
Chrysler
Lynn A. Townsend
Lemon E. Knudsen
Midwest Builders Optimistic About 1963 Housing Starts
Midwest home builders express optimism for the second half of 1963, with 71 percent predicting higher starts. A Practical Builder panel of 1,498 builders nationwide expects 1963 to be the best year since 1959, driven by gains across building activity and most new starts in the $12,000 to $20,000 price range.
MENTIONED IN THIS ARTICLE
Midwest
Practical Builder
Functional Specialists Rising in Management Roles Across Industries
A National Management Association survey of about 65,000 managers shows growing use of functional specialists who fill technical, professional, and staff roles without supervision. The share of functional specialists sits at around 32 percent, with education levels rising since 1956 and shifts toward engineering, research, and staff functions. The survey notes aging trends and a move away from direct manufacturing-focused roles toward specialized units.
MENTIONED IN THIS ARTICLE
National Management Association
NMA
U. S
Marion N. Kershner
Middletown
Kershner
Surf Nma
Promoted at Pollock Gayle Humston named manager
Pollock Paper Division of the St. Regis Paper Co. promotes Gayle C. Humston to manufacturing manager in Middletown. Humston, longtime plant superintendent at 1601 Plum St. since 1958, joined Pollock in 1947 and became assistant superintendent in 1950. Chester A. Cottongim will succeed Humston as superintendent.
MENTIONED IN THIS ARTICLE
Gayle C. ‘Humston
Pollock Paper
St. Regis Paper Co
James Hardwick
Middletown
Pollock
Humston
Kensington St
Plum St
Chester A. Cottongim
Cottongim
Diamond Mill Road
Germantown
Open Holidays Strain Symbols Of American Freedom
A reflective note argues that holiday closings protect freedoms and traditions, warning that businesses open on holidays or Sundays erode symbolic freedoms. It contends these symbols may vanish if such openings persist, urging reverence for historic American practices.
Also Mentioned on This Page
U.S
Wall Street
Ironton
Armco Steel Corp
Nelbar St
Aug. J. Akers
Mary
Rosedale Road
City Commission
William Denham
Middletown Area
American Telephone & Telegraph
du Pont
William Akers
Marion Kershner
NMA Executive
The
Service
Greene
Ladd
Manchester
Motor Inn
Stock Exchange
Financial House
Vail Avenue
Bob Miller
Ford
United Auto Workers
Gayle Humston
Chester Cottongim
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