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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jun 09, 1975
Page
29
A dense list of stock prices and changes from the New York Stock Exchange appears, highlighting numerous companies such as Texaco, IBM, Coca Cola, and General Electric. The page reflects broad price movements with high, low, and last trade figures, showing volatility across sectors and many names without a clear sector leader.
Buyers from nine countries flooded Quagtino's ballroom bidding on 6000 cases of Chateau Lafite Rothschild and Chateau Mouton Rothschild at a rare auction. The goal was to depress prices, but demand overwhelmed supply and prices rose, with many buyers paying more than London retail.
First of the season homegrown strawberries from Paul Hainer Farms at the Central New York Regional Market. Light receipts of nearby potatoes and greenhouse tomatoes rise. Trading active with strawberries, watermelon, carrots and squash down while beans cucumbers and potatoes rise. nine cars received. Wholesale prices reported by the State Department of Agriculture and Markets, with extensive listings for fruits, vegetables, plants, and eggs from regional markets and New York exchanges.
New York AP reports a slight market pullback as the noon Dow Jones industrial average fell 1.87 points to 837.77. The stock exchange showed more losers than gainers in a subdued session continuing last week's hesitant trend.
The State Commerce Department hosts popular anti shoplifting sessions, arranged with local chambers of commerce and merchants organizations to cover the fine points of prevention.
Chicago readers learn the Fair Credit Billing Act effective Oct 28 1975. It requires creditors to respond to billing disputes within 20 days and investigate within 90 days, suspends finance charges during disputes, refunds up to 50 dollars for unresolved errors, and mandates clear explanations of rights twice yearly.
The Datnell Institute reports an 11 percent annual rise in producing a single standard business letter from $3.41 in 1974 to $3.79 in 1975. Salary increases for the letter initiator and secretary, plus higher materials and mailing costs, push total costs higher if postage rises as predicted.
The Fayetteville Mall hosts a three day tennis seminar sponsored by the Mall's Merchants Association and Northwood Tennis Club. From 3 to 9 p.m. each day Wednesday through Friday outstanding players will demonstrate forehand backhand and volley techniques. Two professionals will answer questions and explain the skills and prizes will be awarded to participants meeting certain skills.
Several large banks in New York and Chicago cut the prime lending rate to 7 percent. First National Bank of Chicago and Morgan Guaranty of New York announced the cuts this morning, with First National City Bank of New York lowering its rate to 6 3 4 percent from 7 percent, the lowest in over two years. The drop follows a seven month decline from a record 12 percent last July.
Frank Maloney Syracuse University football coach will discuss the Orange prospects for next season at a Wednesday meeting of the Purchasing Management Association of Syracuse and Central New York. The gathering, at 6 30 p m, will be at LeMoyne Manor. A clambake is planned for July 24 at Hinerwald's Grove, North Syracuse.
The Chrysler division plant near East Syracuse increases Overdrive-4 output to 150 units daily, ten times the 15 units planned when first introduced last February. The Gear Box notes this U S overdrive transmission has no servos, fits six or eight cylinder engines, and lowers engine RPM for fuel saving. EPA tests show up to three miles per gallon gain at highway speed. Chrysler pioneered overdrive in 1934 and last offered it in 1959 model cars.
Ronald E Olsen joins Merchants National Bank as vice president and trust investment officer after roles in New York firms and Standard & Poor's advisory. Gene R Toth named head of Marine Midland Bank-Central international department with focus on overseas transactions. Arthur M Bond promoted to manager of Oscar Mayer distribution in Syracuse. William F Lowe promoted to vice president and manager of MONY office after 45 years at Lincoln First Bank Syracuse. Roger B Cross earns first in Texaco Truck Rodeo at Syracuse Terminal. Karen D Wilson named personal lines representative for Royal Globe Insurance in Syracuse Region. resides in Fayetteville.
Harold A Kellogg of Applegate Road dies Saturday at Tompkins County Hospital aged 71. He worked 28 years as a machinist at NCR retiring in 1964 and belonged to the 25 year club. Survived by wife Marian and a daughter Jane E. Services Tuesday at 2 pm at Herson Funeral Home Calvary Baptist Church officiating. Burial Lakeview Cemetery Interlaken. Calling hours Monday 7 to 4 pm.
Timothy F O Connor 65 of 352 St Edwards Ave died Saturday night at Veterans Administration Hospital after a long illness Burial will be in St Marys Cemetery DeWitt Calling hours today 2 to 4 and 7 to 9 p m He was a life resident of Eastwood and sheriff deputy for Onondaga County for six years Formerly with Genesee Beer Co for 17 years Army veteran World War II and communicant of Blessed Sacrament Church Surviving are three sons John F Lawrence E and Edward J two daughters Mrs Paul F Darrow and Mary A both of Liverpool and 10 grandchildren
William D. Willis of 743 Teall Ave. died yesterday at St. Josephs Hospital. A Syracuse native and former City Parks employee, he was a St. Vincent DePaul parishioner. Survived by wife Martha Jones son Thomas D. Willis sister Mrs. Walter Kennedy and brothers Lawrence J and Joseph Willis and James Willis. Services Wednesday at Callahan Mooney Funeral Home and St. Vincent De Paul Church with High Mass. Burial in Woodlawn Cemetery. Calling hours 7–9 p m today and 2–4 and 7–9 p m tomorrow.
Frederick E. Barzee of 211 Shonnard St. died yesterday at State University Hospital. A native of Fort Jackson, he lived in Syracuse most of his life. He worked over 20 years as a baker for Kallfelt Bakery and earlier for the New York Central Railroad, retiring in 194. He is survived by two brothers Millard Barzee of Fort Jackson and Kenneth Barzee of Syracuse, plus nieces and nephews. Services Wednesday at 8:30 a.m. at Fairchild and Meech Funeral Chapel and 9 a.m. at St. Lucy's Church. Burial in St. Agnes Cemetery. Calling hours are 2–4 and 7–9 p.m. tomorrow at the chapel.
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