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Newspaper
Sunday Dominion Post
Location
Morgantown, West Virginia, United States of America
Date
Jun 04, 1967
Page
14
New York markets wavered as the Dow slid to 852.56 after a sharp Wednesday plunge, then rebounded Friday amid cautious optimism. Analysts see a fragile trend without decisive Arab-Israeli or economic news, while bond markets strengthen on Fed purchases signaling ample credit.
Reported rise in consumer buying intentions for big ticket items and a congressional restoration of the investment credit. Notable last week: manufacturers inventories up over 800 million in April, orders modestly up 0.8 percent, shipments down 0.7 percent. farm prices up 2 percent by May 15, signaling inflationary pressures ahead. cigarette prices up a cent at retail. Federal Home Loan Bank Board caps deposit rates in four Western states at 5 percent. U.S. gold stock up 50 million in April after 23 million in March.
A new mop head designed for visually handicapped users received a patent last week under the New York Association for the Blind. Carl E. Olsen of Lighthouse Industries led the project. The invention features a metal clip for rigidity and padded shoulders to avoid scratching baseboards. Blind workers will manufacture four sizes for sale under Mopit. Jackson Mississippi and Miami Florida workshops have licenses to produce the head.
The New York Times Weekly Index of Business Activity climbed to 307.4 last week from 302, with last year’s figure at 302.6. The table presents the index and its components, all adjusted for long term seasonal trends.
Fragmentary OCR text references mutual funds and pricing figures such as $81 and $233, with scattered terms like Stet nie and San aevelen. The reader cannot determine a coherent event, persons, organizations, or locations from the provided segment.
Wit Mor Wholesale Food Company reports its first direct meat shipment last week and plans canned goods by July 1. President Ray Witmer says the firm will buy and ship direct meat seafood and produce for Morgantown institutions. The business began April 1 by purchasing the Wilbourn Wholesale Company.
A car at 40 mph on Texas A and M University's test ground struck a new break away light post. The post toppled but the car had only minor scratches and the headlight stayed intact. The tests show the post’s slip joints absorb impacts to reduce damage and injuries in crashes. Dr. Thomas C. Edwards notes the design yields under vehicle contact while withstanding wind and storms.
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