Market slide continues as Dow dips on energy concerns
The U S stock market extended Monday’s decline with the Dow Jones Industrial Average down to 838.10 in early trading and the NYSE showing more losers than gainers by 7-5. Energy worries and OPEC meeting plans weighed on sentiment, while volume remained light.
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New York
New York Stock Exchange
NYSE
American Stock Exchange
Jury Trials Under Fire From U.S. Insurance Industry
A UPI report examines how the U.S. jury system for personal injury lawsuits faces attack from the property and casualty insurance sector. It cites calls to abolish or restrict jury trials, asserts high verdicts drive reform, and notes European-style government insurance as a possible alternative.
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New York
UPI
Melvin Belli
Werner Pfenningstorf
American Bar Foundation
Chicago
America
Producer
Big Crum & Forster Insurance Group
Pfessingstorf
United States
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Pfenningstorf
Lorain business brief highlights regional development and firm growth
Edith Weil of Lorain County Development Committee attended the Great Lakes Area Development conference in Dubuque Iowa with sessions on renewable energy regulations and regional economy. Gilford Instrument Laboratories reports April quarter net sales 7.3 million and after tax income 291 620 or 18 cents per share nine month sales 22.2 million and 80 cents per share. The chamber plans a July 19 sports jamboree at Oak Hills Golf and Racquet Clubs with costs up to 25 dollars. Tom Boyer was named to the board replacing John Zitinskas. BFGoodrich Chemical Group has an exhibit booth at the event.
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Edith Weil
Lorain County
Elyria
Dubuque
Great Lakes
Great Lakes States
Great Lakes Region
Gilford Instrument Laboratories, Inc
Oberlin
S. R. Gilford
Greater Lorain Chamber of Commerce
Oak Hills
Tom Boyer
Schwartz-Spence and Boyer Home For
John Zitinskas
First Lorain Trust
Cleveland Trust Co
Expositions and legal shifts shape postwar industry and law
The report notes the National Plastics Exposition in Chicago drawing about 45 000 visitors to inspect new materials and equipment. It covers JB System of Longmont Colorado winning FAA approval for Cessna Pressurized 210 air conditioning and Airborne Mfg Co offering 17 000 BTU per seat. It also mentions Norfolk Western’s record ore tonnage at Huron docks and a Lorain beauty salon opening by Joe Nathan West and Rosa West. The analysis of British civil injury trials cites Lord Denning and Bests Review, arguing for non jury trials based on assessability uniformity and predictability, with insurance and legal concerns highlighted.
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Chicago
McCormick Place
FAA
JB System
Longmont
Colo
Airborne Mfg. Co
Great Lakes
Norfolk & Western Railway
Huron
Thomas Hamill
Best's Review
John Griffith
London
Queen's Counsel
Britain
Ely
America
Uniroyal apologizes over misread rubber contract talks
Akron based Uniroyal Inc admits it caused confusion by denying a tentative contract with United Rubber Workers two months earlier. The strike by 8300 workers ended as URW President Bommarito terms it a bargaining success. The Goodrich contract is set as the pattern for the industry.
MENTIONED IN THIS ARTICLE
AKRON
UPI
Uniroyal Inc
United Rubber Workers Union
Uniroyal
URW
Peter Bommarito
B.F. Goodrich Co
URW International
Goodrich
Bommarito
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