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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Aug 07, 1973
Page
8
A dense list of NYSE securities shows mixed movement led by large caps. Investors watch shifts in Infinite arrays of prices and percent changes across firms like Exxon, Pfizer, CocaCola, IBM, and General Electric amid broad market activity.
The column lists selected American Exchange stocks with bid and last prices, alongside quotes from brokerage firms. It includes numerous tickers such as Austral Oil and Dome Petro, plus over the counter listings and Standard & Poor indices, with brief broker quotations from Shearson Hammill Co. and other firms. The report also covers Milwaukee cattle market results and Tuesday price ranges for cattle hogs lambs and calves with estimated receipts for the day.
In Chicago futures trading, most commodities posted gains with soybeans up 40 cents and soybean oil up 1 cent per pound. Wheat and corn hit the 10 cent limit, oats rose 6 cents, while soybean meal old crop fell 15 dollars per ton though new crop gained up to 10 dollars. End quotes showed soybeans unchanged to 40 cents higher. Also USDA potato prices for shipping points listed Hereford Texas reds 10.00 to 11.00 and Washington Norgolds 9.00.
USDA livestock report from St Paul Minnesota shows cattle and calves 2300 head with steers and heifers mostly 50 higher. Slaughter cows steady to firm and hogs steady to 25 higher with 190-240 lb barrows and gilts around 58.75 to 59.00. Sheep activity strong with spring slaughter lambs 43.00-44.00 and feeder lambs 37.00-39.00.)
A study for Rep. Vernon Thomson found Wisconsin Indiana and Minnesota lead local governments in using federal revenue sharing to cut taxes. Of 31 000 units reporting 3.7 percent used funds for tax relief with 167 in Wisconsin 176 in Indiana and 111 in Minnesota. Wheat and grain quotes noted.
La Crosse Cooler Co reports 1973 six month net income per share at 48 cents, down six cents from a year earlier, with net sales down 24 percent. For the three months ending June 30, earnings per share rose to 33 cents, up four cents from the prior period.
Minnesota Civil Defense Director F James Erchul says propane shortages threaten crop drying, with southwestern areas at about 40 percent of needed supply. He warns heating oil shortages will worsen for local governments this winter as oil firms focus on gasoline and diesel production.
Wisconsin cheese market reports steady demand from fair to good and shorter supplies. Barrel styles bring 64 to 70 cents, 40 pound blocks 72 to 74 and a half, single daisies 81 to 83, midgets 76 to 82 and a half, longhorns 77 to 81.
The piece credits AMC for turning around a decade of losses with its Buyer Protection Plan. It notes a 33 percent sales rise in six months, market share near 4 percent, and a near neck-and-neck position with Volkswagen. It compares industry practices and highlights plan features like free overnight loaner cars and coverage for food and lodging up to 150 dollars.
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