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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Aug 15, 1964

Page

7

U S plots your undoing Coin hoarder warn ing for 1964 hoarders

Mint director Eva B Adams warns that hoarders of 1964 coins face a market glut as government plans to mint 1964 coins into 1965. The piece notes rising demand, speculative buying, and efforts to curb shortages while dealers debate impact on profits and coin circulation.

New York HTNS Eva B. Adams United States Mint Miss Adams U.S Coin World Robertson Senate House Banking Committee Treasury Adams Herald Tribune

Utilities lag in bull market and steady long term gains urged

The article cites the Dow Jones Utilities Average reaching a new high yet lagging the Rail and Industrial averages. It attributes this to a prior 1961 surge and defensive utility status, recommending retention and long term purchases. Also advised switching Allen Industries to Texaco for growth potential and blue chip status.

Yaca Allen Indust,ies Allen Industries Texaco Allen

Industrial research labs in New York expand to 1,170 sites

A New York state Commerce Department directory shows 1,170 industrial research laboratories, up from 650 in 1954, covering more than 1,000 fields. The sector employs over 50,000 engineers, technicians, and scientists, with big players like Bell Labs and Warner-Lambert’s American Chicle unit driving varied R and D from communications to gum science.

New York UPI United States New York State Department of Commerce American Telephone & Telegraph Co Western Electric Co Bell Telephone Laboratories Inc American Chicle Co Warner-Lambert Pharmaceutical Co Long Island City

Jobless trend seen broken by July employment rise

The Labor Department reported July nonfarm employment at 49 million, up 1.6 million from 1963, with a 200,000 dip from June. Stein noted a 10-year unemployment upturn may have ended, citing stronger construction and gains in trade services transport and finance.

Washington UPI Labor Department Robert Stein Department Stein

Tax revenues show six week sales boom in Ohio

Ohio tax data for the first six weeks of the fiscal year show a 14 percent rise in sales and use tax collections to 398 million, with motor vehicle and house trailer taxes above 9 million. Lorain County receipts reached 421,008 versus 366,396 a year earlier.

Ohio John D. Herbert Lorain County

U.S. presses allies to curb woolen exports abroad

The State Department leads talks with Britain Italy and Japan to voluntary cut wool tops yarn cloth and apparel exports amid rising U.S. imports. A four man team headed by Warren Christopher pursued commitments in London and Rome while Congress may impose quotas if needed.

Washington ATNS U.S State Department Great Britain Italy Japan London Rome Warren Christopher San Francisco Geneva John O. Pastore Rhode Island Johnson Ikeynote Pastore Britain France Hong Kong Uruguay Congress

Rak elected Lorain County Labor Federation treasurer

Wences Rak won the treasurer post in the Lorain County Federation of Labor AFL-CIO. Three incumbents retained as trustees with Russell Reisinger Albert Mertz and Ben Golecen elected. Dusty Rhodes and John Maiden were defeated in trustee contests. Federation President Joseph Pavlich and Secretary Steve Szuby were unopposed. Delegates at the meeting numbered 107.

Wences Rak Lorain County Federation of Labor Afl-Cio Rak United Steelworkers Union Ivan Dusty) Rhodes Rhodes United Auto Workers Russell Reisinger Lorain County Bricklayers Vocal Albert Mertz International Associaton of Machinists

Market shows tentative recovery with cautious tone

The market posted modest gains amid a cautious mood as volumes lagged last week. The Dow rose 9.65 to 838.81, the S&P gained 0.49 to 82.35, while 1,501 issues traded with 881 advancers and 472 decliners. Chrysler led activity, up 3% on 352,400 shares.

New York UPI Cyprus Viet Nam Standard & Poor Chrysler

Also Mentioned on This Page

Marshall Peck Roger E. Spear Pacific Gas & Electric Pierre R. Smith & CO Elyria Lorain Broadway Amherst Cleveland Ave Savius Tsai Lee INDUS Kk Util Industrials By Jesse Bogue Disney Walt Edison Bros Strase Bert McGee Kirsch Go Ln Maryland Nat Bx Natoldl InsAa NATO Dl Insbb AD Premier Indus Cp Publicker Ind Pt Ota Puerto Rico Rolfs&b San Carlos Joseph R. Slevin Stanley Nehmer Office of International Resources James S. Love Secretary of Commerce Stanley Ruttenberg Secretary of Labor Central Bank Diversified Services, Inc LT Tat Lay Milan Taborac Garfield St. Elyria City Bank Co M City Bank Federal Deposit Inurance Corporation Oakwood Center Pearl Ro Drive-In - Grove Avene & Homewort Dr
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