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Newspaper
Greeley Daily Tribune
Location
Greeley, Colorado, United States of America
Date
Jun 18, 1971
Page
5
A dense OCR segment lists numerous names, places, and abbreviations in a market context. It references traders, firms, and locations such as Kent, Nova, and San. The fragmentary text reads like a stock page jumble with scattered figures, dates, and identifiers.
The market opened with slow trading as major indices drifted near session lows. Dow teetered around 600 points after losses spread across rails airlines and drugs. some analysts warned of continued economic risk while others cited tentative support for select steel and chemical issues.
Market notes show cattle prices steady amid mixed grain signals and a soybeans rally. Traders cite futures movements on Chicago Board of Trade with soybeans slipping early then turning higher, while wheat and corn edged lower and oats declined.
A spokesman for the U S sugar industry urged the Senate Finance Committee to adopt a $60 400 per farm ceiling on subsidy payments to sugar producers, arguing the cut would be offset by lower processor taxes and benefits to growers. The proposal targets sugar quota and subsidy structures amid calls to reduce farm program payments.
AP reports Amtrak will stop daily at Fort Morgan Colorado on the Denver to Chicago passenger route starting July 12. Senator Gordon Allott and Colorado rail group officials praised the restoration, citing regional need and continued service for the area.
The House advances a sizable agriculture funding package covering agricultural development, environmental programs, and consumer protections. It includes allocations for infrastructure, rural development, and related agencies, with party lines noted on spending priorities and oversight.
Friday market report notes oats wheat corn activity with rye and other grain headlines. No clear prices or full details available in the fragment, but mentions OTR wheat and morning sale context at Raleigh region.
Fragmented market notes show wheat categories with No 1 hard white and No 2 hard red prices, mixed yellow corn values, and soybeans listed with No 2 yellow and other small denominations. Mentions Lockheed contract and TSMPplus but details are unclear. data appears garbled OCR from a cash grain report.
A signed agreement with the European Community becomes effective in October 4970, enabling Nationalist China to export cotton textiles to three ports under the Human Resources Council framework.
CAROLE MARTIN reports a cautious session as prices move within a narrow range amid investor indecision. The Dow Jones average dips to around 906.95 with 13.98 million Big Board shares traded while Amex volume rises. sectors shift with utilities up and rails up.
New York reports on the prime rate as a moving target for lenders and corporations. Banking executives discuss why a rate change can boost borrowing costs, yet affect only top-tier customers while signaling broader economic trends.
The House Appropriations Committee rejected a 1.5 million request to acquire a new mint site in Denver. It noted projected needs by 1980 to meet a growing economy, questioned Denver as a site, and ordered a long range study on mint capacity and location with Treasury to report Congress recommendations. Other mints are in San Francisco and Philadelphia.
Denver based Gates Rubber announces preliminary understanding for sale of 62 percent of Gates Learjet stock to Rock Island Cro of San Francisco. Further negotiations planned as the transaction would wipe out Gates Learjet debts to Gates Rubber.
Philadelphia based Cemetery Services International purchases Sunset Memorial Gardens near Sterling from the estate of DeLoss DI. The firm, which owns cemeteries and vault manufacturing, also controls a majority stake in the ore State Bank in Byers. The sale includes Sunset Memorial Gardens in Sterling and formal ownership transfers are noted.
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