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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Aug 21, 1965
Page
6
United Press International reports market activity showing New Highs at 20 30 55 and New Lows at 613 with Advances 486 402 499 Declines 562 689 and Unchanged 272 261 238. Total issues reached 1320 1352 and 1356 across different measures. NYSE sales totaled 4 170 000 and bond sales 9 230 000.
Stock markets closed lower with scattered gains in steels, airlines and select issues. Volume about 4.6 million shares. U.S. Steel and Chrysler rose, while Fairchild Camera and Du Pont fell. American Airlines and KLM gained on improved earnings. bonds largely unchanged. Chicago livestock markets cited Hog and Cattle activity with varied price movements and several prime lots noted.
Chicago grain futures closed mixed with soybeans and wheat lower while rye led gains. August soybeans rose strongly, oats slipped on hedge selling, and corn held steady as export buyers and crop news shaped the session.
Ross of La Crosse relocates all furniture retail to the Front and State Street store opened in June 1964. The 3rd Street location closes this month and becomes a warehouse for carpeting until sold or leased. The firm operated at 116 118 South 3rd Street for 21 years before expanding to the five floor State Street building with improved decor and air conditioning.
Gordon Walker, 81, longtime principal flutist with the Royal Opera House Orchestra and the Royal Philharmonic, died Thursday night after a short illness in London. He was a prominent figure in British symphony circles for decades.
A UPI styled table lists numerous mutual funds and investment groups with bid and ask prices. Mentions Keystone Keystone funds and other industry names, followed by a note describing an oxygen generation device for submarines using high-pressure electrolysis to extract breathing oxygen aboard subs.
Allis-Chalmers exhibited in Washington an experimental device that instantly extracts pure oxygen from air when plugged into a standard 110-volt outlet. The compact unit, likened to an attache case, uses a simple purification process that could serve wide applications, said Dr. Powell A. Joyner of the Milwaukee space and defense sciences division.
The Federal Reserve Bank of Minneapolis reports La Crosse July bank debits at 82.6 million dollars, down one percent from July 1964. Seven month totals rise nine percent to 594.1 million, with Arcadia and Galesville posting mixed gains and declines in July debits.
The weekly La Crosse Tribune advertises national products and local promotions, naming brands from Primatene to Ford and Standard Oil. It also reports on executives and hires across regional firms including First National Bank, Eli Lilly, Aqua-Chem, and New York Life, plus local business notes from La Crosse area towns and updates on sales, appointments, and facility redecorations.
MINNEAPOLIS Minn First Bank Stock Corp has declared a regular quarterly dividend of 30 cents a share payable Sept 13 to stockholders of record at the close of business Sept 2 The dividend is part of the corporation s earnings and reflects a steady payout policy for investors
Consumer finance column warns about mail order loans offering up to 1000 on signature alone. It notes high total costs, potential collateral demands, and aggressive collection and urges local bank loans, shopping for terms, checking lender credibility, and calculating total cost. It cites example: 409.04 interest on a 1000 loan over three years.
Farmers and Merchants Bank of Tomah Wis announced expansion plans after acquiring the Superior Avenue building housing an optometrist and a jewelry business. The bank will raze the site to build an addition, with construction expected to take at least two years.
The Sparta Sears Roebuck Catalogue Store relocates from 117 W. Oak St. to 131 N. Water St. within the Studebaker Garage, tripling floor area and remodeling with new front canopy. Completion expected Nov. 1. Grant's Studebaker Garage remains in the south portion. Spartan, Inc. owns the new store.
In Waukon area, Robert Kernan 23 of Lansing and Herbert Price 18 of Clear Lake escaped with minor injuries after a town road collision in LaFayette Town. Sheriff Theodore Rump charged Price with failure to yield half the highway. Kernan’s car sustained $500 damage while Price’s car was a total loss.
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