Middletown's Business - The slight recession that has characterized much of the nation's recent business activity is not reflected in Middletown's economic indicators for September. Local business appears steady with no sharp drops and, except for construction, no unusual leaps. The only hint of poorer times ahead comes from the Ohio State Employment Service, where Manager P. F. Johnson reports Middletown employment down and set to drop even further. But the city's two bank presidents, just returned from the American Banking Ass'n. convention in Washington, D.C., can see no large recession ahead. Calvin Verity, head of the First National Bank, says "I don't believe we’re going to have much of a slow-down.” He sees some lessening of production but not enough to mean anything...

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