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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Mar 08, 1972
Page
16
An Indiana market report shows hogs and barrows mostly steady to higher with prices ranging for 150 to 250 pound slaughter hogs and 1-2% higher for prime and choice lots. Lambs, cows, and vealers vary, with overall trade described as slow to moderate and prices mixed across weights and classes.
Under pressure from profit taking the stock market wound up with small net losses Tuesday though several indexes advanced and buying resumed late. The Dow Jones average fell 3.31 to 946.87 as volume slowed signaling a lack of selling interest despite a weaker finish. The NYSE composite gained 0.08 to 60.61 while Amex totals declined. Industrials slipped while rails and utilities rose with Amerada Hess leading on the Big Board.
A dense OCR fragment mixes stock market data from the New York Stock Exchange with livestock sale notes. It references NASD volumes, commodity bids, and public auctions in Indiana, with scattered company names and prices appearing amid trading figures and sale times.
The Federal Reserve Board urged Congress to allow the president to vary the investment tax credit for housing from zero to 15 percent to stabilize funding during economic shifts. It recommended removing caps on FHA and VA loans and easing state usury limits, proposing a step by step approach to implement variable rates for mortg ages to balance liquidity with lending needs.
New York AP report notes after tax profits for 1971 rose 12 percent among 2,700 firms surveyed by First National City Bank, led by GM whose profits more than tripled to 19 billion. Airlines and rails improved, nonferrous metals fell, and overall after tax earnings topped 36 billion on 600 billion in sales.
Pioneer 10 completed a two step course correction with a second thruster firing, placing the craft on track for Jupiter arrival. Fred Kochendorfer called the mission fantastically successful as the firing began at 11 31 a m and lasted 4 minutes 16 seconds via Caltech Jet Propulsion Laboratory command.
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