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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
The Times Herald Record
Location
Middletown, New York, United States of America
Date
Jun 25, 1975
Page
6
Stocks closed higher with the Dow up 4.23 to 869.06 amid broad breadth and volume. Traders cited Fed securities purchases and short covering as factors behind the early rally, while profit taking trimmed gains later.
The money market remains tight as the prime rate appears to have bottomed. Analysts note a tepid recovery, with profit-taking rising after recent gains. Chrysler plans rebates. retail sales growth fell short of expectations amid a stock pullback after a May budget deficit report. Varian Associates jumped on a new solar cell, IBM raised dividends, and several names showed varied moves on the Big Board.
New York butter markets show adequate offerings and strong demand with wholesale prices per pound. Egg market features irregular supply, fair demand, and varied White Fancy egg prices by size. livestock market notes limited cattle trend and active hog trade with specified barrow and gilt prices and Wednesday’s estimated receipts.
The article explains a dispute claim fee schedule where the AAA charges 3 percent for disputes up to $10,000 and lowers the percentage as the dispute total rises, making arbitration cheaper than extended court proceedings. Field Enterprises, nc.
Gerald J. Sardella greets Mrs. Carmen Elia at the new First Federal Savings branch in Middletown's Orange Plaza. Teller Donna Mattern assists as the ceremony unfolds with officials and guests present for the opening.
Chrysler announced a 200 to 300 dollar cash back rebate valid through November 30 on most 1975 cars and trucks starting Friday nationwide. The move follows a mid June decline in Chrysler's new car sales by 28 percent versus last year, while GM and Ford said they would not follow Chrysler's lead.
IBM announced new computer support programs for the manufacturing sector and expanded features for System-32. The industry applications target first time users in firms with about 20 employees and sales near 1 million dollars annually. Applications mirror those in hospitals wholesale foods and construction. The System-32 requires minimal training and can be operated by a single employee. Nathaniel L. Rosenfeld appointed manager of the State Commerce Dept Long Island office. Lawrence J. Goggin named hardware and paint buyer for Grand Way division of The Grand Union Co.
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