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Newspaper
Austin Daily Herald
Location
Austin, Minnesota, United States of America
Date
Dec 16, 1968
Page
12
Reader discusses deflation hedges cash versus stocks and fears postwar downturn. The column covers deflation prep, war impact, and the long stock market rise. It notes funds fees, withdrawal options, mutual funds performance, and advice for a single high earner.
Stockholders of the Milwaukee Road voted Friday to approve a plan of reorganization and merger unifying the Milwaukee Road with the Chicago and North Western Railway. The action follows North Western stockholder approval in December and requires 90 percent exchange of Milwaukee Road shares for Northwest Industries stock and ICC final consent. Leo T. Crowley chaired the meeting with Curtiss E. Crippen noting the steps ahead.
Livestock prices span St Paul South St Paul Chicago markets with cattle bids strong to 25 cents, hogs up to 75 cents, and lambs Mostly higher. Listings include slaughter steers and heifers, cows, bulls, feeders, and sheep with various weight classes and price ranges. Potatoes and produce steady at Chicago and New York markets with Butter and Eggs prices noted.
New York stocks show varied gains with Allied Chemical Inland Steel and Allis Chalmers leading early advances. Trading highlights include Boeing, IBM, DuPont, RCA, and GE posting notable moves while rail and energy names drive mixed results.
An art exhibit and contest accompanying the Snowflake Festival will be held at the Peoples Drug Store Building 121 2nd Ave NW January 10 19. Entry deadline is January 10 with two entries per person accepted. Class No 1 for 18 and older Class No 2 for under 18 prizes awarded. Entry fee is a Snowflake Button.
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