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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Aug 13, 1973
Page
10
Shares across major groups show modest losses led by tech and energy names as upturn in some blue chips is offset by declines in retailers and transportation stocks. Investors monitor oil prices and life insurance sector results for near term guidance.
Chicago market lists wholesale prices for eggs Friday with extra large 87 cents, large 83, mediums 80, pullets 98, standards 75, checks 16. Wisconsin markets report unsettled conditions with adequate supplies and spotty demand, Grade A large 85-87 cents, mediums 83-84 cents.
Cattle and calves about 2 500 on sale with steers 50 higher on top bids and hogs 1 to 2 higher. slaughter steers 1 082 lb 55 75, heifers 52 00 53 50, cows 36 00 41 50, bulls 41 00 50 00. Hogs 6 000 traded 1 to 2 higher with 190 240 lb at 61 00. Lambs 900 head steady with spring slaughter lambs 46 50 47 50 and feeder lambs 38 00 40 00.
Futures opened with limit gains in all major pits at the Chicago Board of Trade as demand surged after the Agriculture Department's crop production estimates. Soybeans rise 40 cents, wheat 20, corn 10, oats 6, with meal up 15 dollars a ton and oil up 100 points. Predictions of record crop totals hover though figures edge below July estimates.
Wheat No 2 soft red 4.66 as of Friday. No 2 hard red 4.49. Corn No 2 yellow 3.25. Oats No 2 extra heavy white 1.3642. Soybeans No 1 yellow 10.19. No 2 yellow corn Thursday 3.16. Butter CME quotes firm wholesale prices up 1 with 93 score AA 75 92 A 75 90 B 75.
The Cost of Living Council extended the oil price regulations and kept the gasoline and petroleum product freeze until Aug. 19. Service stations must post ceiling prices and octane, with a minimum 7 cent markup, and heating oil prices may adjust monthly. Crude oil ceilings follow May 15 producer rates plus 35 cents per barrel.
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