Steel contract, price rises ripple through U S industry
The week featured a billion-dollar steel labor contract between 11 major steel firms and the United Steelworkers of America, a swift price hike by U S Steel and follow-on increases by Bethlehem, Republic, Inland and Phoenix. President Johnson condemned steel inflation as prices may pass to consumers.
MENTIONED IN THIS ARTICLE
Jack Lefler
New York (Ap
Johnson
United Steelworkers of America
U.S. Steel Corp
Bethlehem Steel Corp
U.S. Steel
Republic Steel
I Steel
Inland Steel
Phoenix Steel
Bethlehem
White House
Caution on Wall Street as Weekly Losses Mount
Wall Street eased to a cautious pace for the third straight weekly loss. The steel dispute with Washington, plus fears of a mild recession and the Soviet Czech crisis, kept traders on the sidelines. Dow fell 17.20 to 871.27. New highs 57, new lows 115. volume 45,429,050. Alvin and Mrs. Spiller attended the National Dreamer Rally near Marion, Iowa.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
Alvin Spiller
Mulkeytown
Marion
Iowa
Travel Industries, Inc
Koppers Reports Higher Quarterly Earnings Despite Slump in Sales
Koppers Co. earned 4.729 million in the quarter ending June 30, up from 3.625 million a year earlier, and 0.94 per share versus 0.70. First half earnings rose to 6.405 million or 0.26 per share, while sales fell to 112.549 million from 118.676 million in the prior year. The Carbondale tie plant is among the firm’s facilities.
MENTIONED IN THIS ARTICLE
Koppers Co
Koppers
Carbondale
Railroad reports loss for first half of 1968
The Chicago and Eastern Illinois Railroad posted a net loss from operations of 174,682 dollars in the first six months of 1968, down from 708,522 dollars a year earlier. Operating revenues reached 24,871,132 dollars, up from 21,495,562 dollars in the same period in 1967. The statement follows Interstate Commerce Commission accounting rules.
MENTIONED IN THIS ARTICLE
Chicago and Eastern Illinois Railroad
Interstate Commerce Commission
Dow Jones slides as 60 stocks fall for third week
The market closed Friday with the Dow Jones industrial avg at 871.27, down from 888.47, after 60 stocks declined for the third straight week. The 30-stock average slipped to 327.3 from 333.5 in the prior period. AP Wirephoto.
MENTIONED IN THIS ARTICLE
Associated Press
Dow Jones
Bond market ends mixed week with selective gains
The bond market showed mixed results with intermediate and long term Treasuries finishing higher after early losses. Municipal bonds rose for the fourth straight week while new corporate issues included Okonite and Ling-Temco-Vought debentures and Packaging Corp. of America notes. A former Murphysboro man, Thomas M. Jewell, was promoted to assistant manager at Carson, Pirie Scott in Joliet after a career path from Murphysboro to Peoria and Kewanee.
MENTIONED IN THIS ARTICLE
New York
Treasury
Treasury Department
Salomon Brothers & Hutzler
Okonite Co
Ling-Temco- Vought, Inc
Packaging Corp. of America
Boston
Monroe County
N.Y
Elizabethtown Gas Co
Elizabeth
N.J
Murphysboro
Carson, Pirie Scott and Co
Joliet
Thomas M. Jewell
E. G. Jewell
Southern Illinois University Vocational Technical Institute
Peoria
Kewanee
Commodities fall to seasonal lows on Chicago Board of Trade
Wheat corn and oats set seasonal lows as favorable weather and near record production prospects weigh on prices. Wheat futures drop nearly 4 cents a bushel on three of five days, with corn and oats down just over 3 cents. Soybean meal and oil shift modestly while steers slide. range trading persists amid mild supply tightness. C Dennis Burd and Gary Crossin attend Milwaukee Insurance Agents meeting. Burd honored for placing over $1 million in new life coverage for Northwestern Mutual.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
C. Dennis Burd
Gary Crossin
Carbondale
Association of Insurance Agents
Milwaukee
Burd
Northwestern Mutual Life Insurance Company
Commodity prices report with weekly highs and lows
Readable lines note week to week price shifts with references to season highs and lows. The fragment mentions numbers and terms but lacks complete context or entities for precise pricing or locations.
Du Quoin Livestock Market Week Ends With Lower Sales
Trading was slow at the Du Quoin market for the week ending Friday with sales averaging five cents lower than the prior week. Top hog prices closed at $20.50 and $17.25 for sows.
MENTIONED IN THIS ARTICLE
du Quoin
Catlett Named IC Industrial Development Representative
Catlett, 43, long involved in railroad sales and service in Tennessee and Mississippi, became IC industrial development representative in Chicago in 1959 and was named IC general industrial development representative in 1964. He belongs to the Southern Industrial and American Industrial development councils and councils in Mississippi, Tennessee and Louisiana.
MENTIONED IN THIS ARTICLE
Catlett
Tennessee
Mississippi
Chicago
IC General
Southern Industrial and American Industrial Development Councils
Louisiana
Ozark Air Lines reports May loss despite yearly profit
Ozark Air Lines posted a May net loss of 73037 with revenues of 3831392 and expenses of 3695036. For five months 1968 the loss reached 19471 versus 242065 a year earlier. Grace reported a 125 months ending May 31 net income of 1564209 and 180330 passengers carried in May. Robert Fingar and Eugene Sims of Murphysboro featured in Sports Illustrated July 15 on an Aetna Insurance promotional page.
MENTIONED IN THIS ARTICLE
Ozark Air Lines
Thomas L. Grace
Grace
Ozark
Robert E. Fingar
Eugene T. Sims
Murphysboro
Aetna Insurance Company
Connecticut General Life Insurance Company
Sports Illustrated
Fingar
Fix-It Shop Planned in Herrin On West Harrison
Dale Wyatt aims to open a general repair shop in Herrin on West Harrison street between Park Avenue and 16th street. The converted garage will host small appliances furniture toys bicycles and fiberglass boats repairs. Wyatt plans to serve the public in a few weeks after establishing work with friends and relatives.
MENTIONED IN THIS ARTICLE
Dale Wyatt Oe
Herrin
Harrison Street
Park Avenue
16Th Street
Wyatt
Jim Warner
Kokomo
Ind
Gebhart Auto Supply
Egyptian Freightways Co
Merdith
Egyptian Lines
Over the Counter Securities Quotations Noted
The Southern Holinoisan compiles unofficial OTC quotes showing approximate bid and ask ranges. The data reflect traded prices but are not official prices and may vary.
Also Mentioned on This Page
Labor Department
Commerce Department
United States
Wall Street
Washington
Jsfmams
Thurs
AAA
du Quoin Livestock
Aetna Insurance
Brazil
Amer
Artco-Bell
Arkansas Valley
Clinton Oil
CNA Financial
CNA Financial Pfd
Heath Tecna
Ve Kloof Mining
Pan Oil
Ig Possis Pubco
Scheer Tumbo
Scholz Homes
Sun Air Lines
Vitro
Nm Equity Corp
Reliance
Gulf Am Cp
Gulf Win
Cinerama
Leasco Dat
Burger Mart
West Main
Illinois Savings and Loan Association
Bank OF
Evansville
Vergennes State Bank
First National Bank OF
F.D.I.C
I. M. Simon & Co
New York Stock Exchange
Charles J. Lerner
John L. Uffelman
Charles Dohanich
Curtis F. Downen
West Main Street
Carbondale, Illinois
WJPF
Herringaicility Wank
F.D.I.C. Drive-In Banking
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