Stock Market Today
New York stocks show mixed midday action with broad participation. Major names such as IBM and Coca Cola contribute to ongoing market moves while the Dow Jones Industrial Average ticks higher.
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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
Sep 20, 1977
Page
1
New York stocks show mixed midday action with broad participation. Major names such as IBM and Coca Cola contribute to ongoing market moves while the Dow Jones Industrial Average ticks higher.
Grain prices listed show mixed movements across wheat corn oats and soybeans with September and January contracts fluctuating. Notable figures include soybeans near 542 to 547 and corn around 196 to 210 while oats hover around mid 110s to 130s. volume and exact daily moves incomplete due to garbled OCR.
UPI reports Omaha livestock data with hogs steady to higher, several weight ranges at 37.50 to 40.50 per cwt and sows 25 lower. Cattle and calves show 5,000 head with steers 25 higher, heifers steady, cows mostly steady. top loads 1200-1350 lb steers at 41.25, other ranges 35.00 to 41.00. Sheep 200 head with lambs 25-50 lower, slaughter lambs 54-56, small supply of cull and utility ewes 12.00-15.50. Wednesday estimates: cattle 4,500. hogs 3,000. sheep 300.
UPI reports CME futures for live cattle frozen pork bellies and live hogs with October live cattle at 40.45, December 99.45, January 38.75, February pork 49.30, March pork 47.97, October live hogs 38.72 and February hogs 36.25, showing mixed movements across contracts.
Columbus Telegram outlines subscription options with 42.00 monthly delivery in Columbus, 20.00 yearly by mail in Nebraska, 435.00 outside Nebraska, and asks subscribers to report address changes to the local postmaster and Telegram. It notes publication days and holiday closures and lists the newspaper’s Columbus, Nebraska address.
Washington based Energy Action reports 21 leading oil companies earned 5.74 billion in the first half of 1977, more than all of 1972. James Flag says profits rose 103 percent since 1972 while average worker earnings grew far less, highlighting a perceived wealth transfer from consumers to energy producers as energy prices climbed.
After years of court battles Pablo Picasso's six heirs reached a settlement of the $250 million estate, trimming the willless artist's fortune into about $60 million for Jacqueline Roque and roughly $17 million to Maya Widmacher Claude and Paloma each, with grandchildren Marina and Bernard about $40 million apiece. The settlement includes thousands of artworks and the Chateau de Vauvenargues in southern France, with the French government accepting taxes as art for a Paris museum.
The Senate Finance Committee voted 5 to 0 to kill Carter's proposed tax on gas guzzling autos. The House had approved the measure, slated to begin in 1979 with a $553 levy for under 13 mpg and $398 for under 15 mpg. The panel also backed keeping the state and local gas tax deduction, 10 to 7, opposing House plans to repeal it in 1970.
Cattle raisers rallied on the Capitol lawn to press for tighter beef import controls. About 2650 livestock raisers attended to hear congressmen, address reporters, and push for new laws. They then went to an International Trade Commission hearing on quotas duties labeling and inspection rules for foreign beef.
Oswald and James Jacoby describe using the four club Gerber bid to ask for aces in response to a spy notrump. The North hand can force a seven notrump with all four aces. six or four notrump depend on how many aces South holds. Also notes Easley Blackwood’s continued relevance and longevity.
A Temple Texas Veterans Administration Hospital report confirms a 2-year-old Bastrop man contracted Legionnaires' disease and is recovering after treatment. Texas epidemiologist Dr. Charles Webb cautions no statewide outbreak is expected, while CDC tests and further verification are ongoing.
Washington reports that the U S Agriculture Department plans for wheat price supports may be supplemented by a smaller corn set aside. Secretary Bergland said a final ruling on corn controls will wait until harvest is underway and could include about 10 percent set aside for corn, while wheat already faces 20 percent idle acreage.
An OCR fragment references a tax free bond fund titled United Accum with figures 6.09 6.86 and 9.90 10.87, attributing Edwin A. Krohn as representative and listing a contact in Countowner Building with phone number 5648254. The readable text includes Romina and Gutation snippets but lacks clear context.
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