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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Sep 09, 1959
Page
9
Washington reports the steel strike has entered its ninth week with about 500000 workers still on strike and 50000 to 60000 remaining in plants under various arrangements. Production has fallen to about 330000 tons per week as industry and United Steelworkers Union keep a peaceful but tense stand.
AP Business News Analyst notes Labor Day signals a turning point for many industries and merchants. A Khrushchev visit, steel and copper strikes, auto model launches, tighter credit, and stock market volatility will shape early fall conditions. Investors eye whether a bull run ends or corrects, and how global trade hints affect defense and taxes.
Washington AP The Atomic Energy Commission says fallout from last year’s nuclear tests has declined, with June air samples 30 percent lower than earlier in the year. The report notes hot spots fade and strontium 90 levels now near or below national averages in several states. It also covers milk treatment progress with lab results removing up to 9 percent from skim milk. cream proves harder. Notice of dissolution: G. & G. Realty Co. of Middletown Ohio dissolves by shareholder action, certificate filed, directors Coomer Hancock Coomer. Casper & Casper Attorneys. Sept. 9-16.
A Labor Day weekend toll of 438 traffic fatalities was recorded over 78 hours, with 29 boating drownings and 84 other accident deaths, totaling 613 across all causes. The National Safety Council called for greater driving care despite forecasts of 450 expected deaths.
In Paris Kentucky AP report grocer Raymond Yazell burned trash at his store daybreak while his wife asked about the fate of $400 in cash and $100 in checks. Northwestern University survey notes 92 percent of housewives preferred newspapers with ads and the trash basket was the hiding place for the money.
Pennsylvania banks may raise savings account rates by 2.0 percentage points on October 1. Banking secretary Robert L. Myers Jr. called the move permissive not mandatory and noted banks will only raise rates if affordable. Time deposit and savings rates for commercial banks rise to 3 percent. savings banks to 3.9 percent.
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