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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 23, 1964
Page
9
New York report cites James J. Dimes and Co. as saying market strategy will mature later with enough time to exit. Analyst quote suggests cautious optimism amid data hints of rising confidence.
Financial gossip notes ample timber prospects as major forests in the United States Canada Europe and the Soviet Union remain primary suppliers. A UPI report says by autumn 1962 about 2 600 000 acres in the Salmon Forest and adjacent Challis and Payette nations will contribute to global timber availability.
Demand for wood, walp and paper remains high in the United States, with most forest production consumed domestically. The article notes British banks predict timber shortages are unlikely due to reserves and replanting, while U S companies push research into fast-growing, pest resistant strains. It mentions DDT spraying as the main method to halt the furth er spread of the plague and plans to expand control across Salmon River units later this month.
The New York market opened firm with mixed moves. United shares such as New York Central rising and several names like Chesapeake & Ohio slipping. Bethlehem Steel and Texaco posted gains while Ford, Jersey Standard and Boeing showed declines. Northern Pacific and Santa Fe added modestly as others fluctuated.
A widowless investor contemplates 330000 in stocks and Social Security as sources. An annuity recommendation suggests allocating 10000 for emergencies and 20000 into a straight life annuity to yield about 160 monthly, totaling around 300 monthly with Social Security. Two investment reps outline stock reallocation, holding American Hospital Supply and Class of Chemicals, and shifting from Chemical Products to Pacific Gas & Electric for growth prospects.
White Motor Co. sues the International UAW and Local 32 for 121 million alleging a strike violated a nonstrike clause in the contract in effect since September 16, 1961. The suit cites the union actions as wrongful and seeks damages.
A historic tale explains how Carcassonne earned its name from Dame Carcas who fed grain to pigs, fooling Charlemagne into believing the city had ample food and lifted a five year siege.
Market brief notes movements in prices across key indices with early trading signals. Data shows varied shifts in stock prices as investors assess earnings, macro data, and sector trends.
The report lists poultry price ranges for retail deliveries in major Ohio cities with sizes from small to large and color variants. It notes farm prices and an appearance by Reedland Southern Indiana in a Kraft Lost theater segment.
Terminal Market notes list numerous produce items with unit sizes and prices. Beans, beets, cabbage, celery, endive, escarole, greens, greens and herbs, lettuce, mushrooms from Ohio and Pennsylvania, parsnips, peas, radishes, rhubarb, spinach, squash, strawberries, cucumbers, tomatoes, and watercress shown with crate, basket, and per-pound pricing, including quality variations and shipping area in Cleveland, Ohio.
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