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Newspaper
Sunday Dominion Post
Location
Morgantown, West Virginia, United States of America
Date
Sep 10, 1967
Page
10
A New York Times analysis notes mixed views on stock demand with expectations of further Fed tightening and inflation pressures. Bonds rally modestly while tax and wage concerns linger, and auto industry labor disputes threaten further economic strain and potential market wobble.
Weirton Steel Division of National Steel celebrates topping out the Mill of the Future building with American Bridge Company erecting the last structural member 130 feet up. A 340 ton lift marked the heaviest single lift as 20 story steelwork nears completion for the continuous casting unit. John G. Redline praises American Bridge for safety on the project.
The weekly index of business activity in New York fell to 299.6 on Friday from 306.3 the previous week. A year earlier the index stood at 305.2, with the table showing the adjusted long-term seasonal components.
Ideal Television Service in Westover celebrates remodeling with an open house from 9 am to 9 pm Monday. The Early American decor features colonial pictures, wall murals, drapes, carpeting, and paneling by Mr. and Mrs. Melvin Brenrich. The event introduces Magnavox color TV and stereos, with a 2,000 square foot showroom for televisions radios and related equipment and a 3,000 square foot warehouse for storage.
Byron E. Phillips of 323 Watts St led all agents in New York Life Insurance Company at the Wheeling General Office during August according to Don Van Camp General Manager. He will be honored with other company leaders by the Wheeling Association of Life Underwriters at the September meeting.
Washington UPI reports the Agriculture Department says the 1967 cotton crop will be the smallest since 1920s with production at 8,185,000 bales and average yields under one bale per acre for the first time since 1962.
Virgil S. Morris was elected president of the West Virginia Industrial Development Association for the coming year at the annual meeting at the Greenbrier. Morris, an area development representative for Consolidated Gas Supply and Hope Natural Gas, aims to boost WV industry through unified programs, cooperation with the Department of Commerce, and expanded training. He has 28 years with the company and holds memberships in regional business groups.
The Ford Motor Company strike shocks steel and nonferrous markets. Officials warn a prolonged auto walkout could curb demand, hit lead and zinc and alter copper and aluminum supply, with batteries and automotive manufacturing most affected.
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