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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 06, 1966
Page
6
The weekly Index fell reflecting a summer economy under cooling pressure. Steel output dropped 0.48 percent from last week and 7.4 percent from a year ago, while auto and truck production plunged 34.8 percent from the prior week and 46.5 percent year over year. Electric power rose 3.7 percent to a record high and paperboard gained 12 percent as mills reopened after vacations.
NEW YORK AP Many argue 65 is unfair while younger workers fear a life on hold. A satirical tale follows Ned Bumble, a 22 year old hired on a pension plan that rises with age, showing a scheme where work and rest trade places. The piece criticizes rigid retirement rules by imagining a system rewarding continued labor.
New York AP reports the profit pace of top earners suggests at least 40 corporations will net $100 million or more this year, up from 1965. By midyear 18 already surpassed $100 million, with manufacturing, railroads and utilities posting gains. The AP tally lists General Motors leading with $1.14 billion for the first half, followed by AT&T, Jersey Standard Oil, Ford, Texaco, IBM, Gulf Oil, Du Pont and others. Mobil jumped to $174.6 million and GE sits around mid-pack for 1966.
A New York AP report says accelerated transit funding of 90 million dollars for studies could unlock billions in equipment and faster links among Boston New York and Washington. Long range plans show rapid transit projects in multiple regions expanding to move ever larger crowds and boost economic activity through direct spending and profits. The San Francisco Bay Area already has a 75 mile subway network with ongoing capital projects nearing a billion dollars.
Higbee's opens a Portrait Studio in its Midway Mall store with expert photography and services to copy old prints into miniatures and hand-painted oils. Debbi Ray and staff offer consultations on individual portrait problems during the opening. Dick Eisenbach, specialist in personality portraiture, will stay at the mall until mid September. The studio is a member of the National Association of Department Store Photograph Studios on the second floor service center.
Columbia Gas of Ohio will offer its budget payment plan over 12 months. The plan, described by Elyria Division Manager George W. Brian, spreads winter heating costs across the year and appears on the first gas bill after enrollment. Existing enrollees need not act to continue.
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