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Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Jun 13, 1968
Page
18
Sylvia Porter argues that delayed tax increases and poor timing by the White House and Congress damaged the New Economics. She traces how late surtaxes and spending fights fueled a price wage spiral, credit squeeze, and deficits, and she urges timely policy as essential to economic control.
C B Richard Ellis notes underlying strength and predicts buying in outperforming issues with future opportunities. R A Bachman to attend Ohio National Life sales meeting in New Orleans June 25 28. Wiesenberger cites psychological drivers and risks in selective stocks while endorsing defensive holdings. E F Hutton sees margin hikes as temporary with markets resuming gains.
Slaughter steers steady to weak with cows up 50 to 75 cents and bulls firm to up 25 cents. Prices span from Choice steers 26.40 to 27.10 and Utility calves around 21.50 to 22.50, with feeders 23.75 to 26.00 for 500-800 lb steers. Hogs mostly higher. sows firm to up 50 cents. various weight ranges listed. Sheep show lambs 25.25 to 26.75 with utilities 19.00 to 23.00 and ewes 5.00 to 7.00.
Eastern Airlines receives a two year, 2 million dollar Labor Department contract to train 560 hard core jobless in 17 cities including Philadelphia. Trainees learn roles such as ticket agent and office clerk and advance to full time jobs earning 198 to 270 per hour. Additional cities include Atlanta Baltimore Boston Cleveland Chicago Detroit Houston Louisville Miami Newark New Orleans New York St Louis San Antonio Tampa and Washington D C.
UPI marketwide indicator up 0.37 percent with 327 issues active after the open. Deltas include Bethlehem down to 31, U S Steel at 40, Honeywell up to 136, Sperry Rand to 58, Texas Instruments down to 111, Boeing at 71, Du Pont at 165, Chrysler 69, Ford 58, and other key movements across the floor.
The state Health Department warned that charcoal grills indoors can cause carbon monoxide poisoning. A Wilkes-Barre area family was hospitalized after a sudden shower forced them to use their grill indoors. Henry L. Albert cautioned against unvented spaces and vent-less stoves inside camping vehicles.
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