10 Aug 1971
Page 1
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Newspaper
Greeley Daily Tribune
Location
Greeley, Colorado, United States of America
Date
Aug 10, 1971
Page
1
New York markets finish lower as many major shares retreat amid scattered gains. Major components include Kaiser, American Stock Exchange listings, and Frontier, with mixed results across sectors.
Denver AP reports mixed market activity with cattle and hogs showing uneven moves. Prices for calves and feeders vary, while hogs edge down and beef cuts trade lower in places, giving a cautious tone to trading across major markets.
Eugene M. Mapelli, corporate vice president and board member at Monfort of Colorado, Inc., is named to head national marketing axcomla. He will manage accounts in hotel, restaurant, airline and institutional markets and previously directed the portion food plant operations in Eugene.
Raw stats show batting leaders and runs batted in across multiple teams. Notable names include Murcer and Torre among others with at bats and runs tallies. multiple clubs listed with home runs, doubles, and hits.
Chicago wheat gains and soybeans ease about a penny as liquidation hits the Chicago Board of Trade. Oats slide modestly with August corn and September soybeans near one cent lower after the USDA report size estimates.
A Saturday dedication event featured a plump puppy held by dog warden Tim Stelzbeing as the focal point. The Weld Humane Society added an office to the Animal Shelter after a request from the late Lephe Mary Blunt of Greeley. William Dye, society president, announced improvements including a fenced exercise yard and a van track with a radio.
New York AP reports a slow trading session with the Dow Jones average at 842.65 as shares fell on weak European money flows and low volume 8.12 million. The day’s activity mirrored August 1970 lows while several names like American Telephone and Pullman posted declines among Big Board listings with mixed results on Amex. A Q and A covers Social Security benefits when returning to work, noting checks can resume for months not earning above 140 dollars and again at age 72 regardless of earnings. Weathered grain and commodity quotes from Chicago show wheat corn and soybeans prices, while overall market breadth favored decliners with several notable stock moves and warrants trading.
A recent gun exposition in Stuttgart drew local buyers and collectors showing rising interest in firearms and related accessories. Organizers reported steady crowds and several vendors noting strong inquiries on handguns and sporting rifles.
New York stock prices declined sharply in the slowest NYSE session in four years. The Dow fell 7.98 points to close around 42.65, with advances lagging and Big Board turnover near 12 million shares, the lowest since August last year. Toronto reports Edison interest in hydro development locally.
After Burns clashed with the White House the Fed warned inflation stubborn and growth slow. The bank criticized monetary policy as inconsistent with White House messaging, noting wage and price pressures persist while the economy nears stagnation. The administration claims patience will show strength, but faces dwindling confidence from business and consumers amid a weak second quarter and a fragile dollar.
Frontier Airlines posted a net loss of 1.284 million for the quarter ended June 1971 after a 741000 deferred-charge write-off. Revenue rose to 24.191 million from 22.778 million a year earlier. Excluding the write-off and interest, the company would have earned 424000. last year profits would have been 33000. A spokesman cited deferred charges including rent at the nonoperational Kansas City facility.
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