Commodity futures slide reshapes meat and grain costs
Commodity futures have fallen 25 to 50 percent across grains soybeans sugar coffee and cocoa signaling lower farm prices but not lifting retail food costs much as milling and distribution costs dominate. Cattle and hog prices may rise late, while poultry remains the best near term buy.
MENTIONED IN THIS ARTICLE
Walter L. Emery
Commodity Research Bureau
John Schnittker
Agriculture Department
Melvin 5S. Sjervin
Milling and Baking News
Kansas City
Stervin
New Wilson Foods appoints six to temporary board
Oklahoma City Wilson Foods Corp announces six directors for its interim board after independence from LTV on July 31. Kenneth J. Griggy and Richard T. Berg head the two Wilson officials with four outside executives from City Products, Campbell Soup, Rangers Management, and Midland Mortgage. Existing LTV leaders Griggy and Berg praised the lineup as actively guiding Wilson Foods through the spin off and stock distribution.
MENTIONED IN THIS ARTICLE
Oklahoma City
Wilson Foods Corp
LTV Corp
Wilson
Kenneth J. Griggy
Richard T. Berg
Lawrence del Santo
City Products Co
Chicago
Household Finance Corp
James McNutt
Campbell Sales Co
Campbell Soup Co
Camden
N.J
Samuel Meason
Rangers Management Inc
Texas Rangers Ltd
Arlington
Texas
George J. Records
Midland Mortgage Co
Midland Capital Co
Griggy
Paul Thayer
LTV
Raymond A. Hay
Wilson Foods
Thayer and
Hay
Berg
Cedar Rapids
Wilson and Co
No market tables today in Gazette for Independence Day
There are no stock or commodity market tables in today's Gazette because all markets were closed Friday for the celebration of Independence Day.
Amana workers win jobless benefits appeal
DES MOINES AP Employees of Amana Refrigeration Inc were entitled to unemployment benefits for a three week vacation shutdown after the Iowa Job Service ruled they were temporarily unemployed despite some not wanting to work. The company had appealed a prior decision granting benefits to workers who did not work during the period.
MENTIONED IN THIS ARTICLE
Des Moines
Amana
Iowa Job Service
Amana Refrigeration Inc
Booze may prove undoing of Conoco takeover bid
Ohio official warns Seagram its plan to acquire 40.7 percent of Conoco may violate state liquor laws. Texas AG notes possible problems with Seagram’s 2.55 billion offer to buy interests in a retailer. Seagram spokesman had no formal comment.
MENTIONED IN THIS ARTICLE
Conoco
New York
UPI
Ohio
Joseph E. Seagram & Sons
Conoco Inc
Texas
Mark White
Seagram
White
U.S
Seagram Ltd
Edgar Bronfman
Clifford Reich
Ohio Department of Liquor Control
State of
Seagram Sues Conoco in Counterclaim Over Tender Offer
Seagram and Conoco battle over a 40.7 percent stake with securities fraud and breach claims. Conoco fights back with a federal suit seeking 1 billion dollars to block the tender for 35 million shares. Conoco notes liquor license stakes and argues state laws bar manufacturers from any financial interest in retail liquor, while Seagram pursues injunctive relief and potential penalties.
MENTIONED IN THIS ARTICLE
New York
Joseph E. Seagram & Sons
Conoco
Seagram
UPI
Reich
Est
U.S. Oil Company
Stamford
Conn
North Carolina
Bill Hester
Alcoholic Beverage and Control Board
Oklahoma
Robert Crisp
Alcoholic Beverage Control Board
GTE to issue refunds to Iowa customers this August
GTE preparing refunds for Iowa customers who had service between September last year and May this year, following a commission order approving rates. Refunds appear as credits on August bills, averaging about $3 for residential and $25 for business customers, totaling about $727,000 including taxes and interest at 16.78 percent. GTE serves more than 107,000 customers across 130 Iowa exchanges with offices in Manchester and Tama Toledo. Two two story buildings were destroyed by fire in Elgin.
MENTIONED IN THIS ARTICLE
Grinnell
Iowa
General Telephone Co
Midwest
M.T. Sepic
General Telephone
Manchester
Tama-Toledo
Consumer group opposes IBP Occidental merger
Ames based Community Action Research Group plans to file with the FTC to challenge the 790 million stock deal that would make IBP a subsidiary of Occidental Petroleum. The petition argues the acquisition could lessen competition and create a monopoly in meat packing, citing past firm closures and seeking a cease and desist or injunctive action.
MENTIONED IN THIS ARTICLE
FTC
Laitner
IBP
Occidental
Iowa Beef
Also Mentioned on This Page
H.J. Maidenberg
New York Times Service
Emery
Soviet Union
C. Robert Saathoff
Bache Halsey
Stuart Shields
New Wilson Foods
Western Electric
Bell System
Chester
Bainbridge, Ga
GTE
Elgin
AGEN
M-F
North Towne Place
North Towne CT
Consumer Unit
Continental Congress
Philadelphia
HUPP
33Rd Ave
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!