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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Jul 06, 1973
Page
10
New York stock list shows scattered declines and gains across major issues. The NYSE quotes reflect varied activity with many large industrials and transportation stocks trading near prior levels while select blue chips register modest losses or fractions of a point.
USDA market summary shows cattle and calves mostly steady with bulls and weaners steady. Slaughter steers 47.75 for 1,201-1,240 lb loads, heifers 46.50 for 1,050 lb range, cows 34.00-36.50, bulls 38.00-42.00, prime cattle up to 74.00 and dealers 59.00-69.00. Hogs 4,000 head, 190-260 lb ranges 40.25-42.50, cows steady to 50 higher. Sheep 300 head, lambs 36.00-37.00, ewes 10.00-13.00.
Geiser's Potato Chip and Food Distributing Co. vice president Thomas Taylor says high potato prices and Nixon price freeze hurt operations. Poor crops and delayed shipments push costs from 4 to 6.75 per hundred pounds, delivery around 9 dollars. Plant operates at half capacity.
Volkswagen aims to build an assembly plant in the United States to protect jobs and boost its foreign market position. Chairman Rudolf Leiding said a U S factory would reduce dependence on exports and shift balance toward domestic sales amid import limits and currency concerns.
Futures on the Chicago Board of Trade erased early gains after the government extended export licensing controls. Corn dropped 10 cents from a small gain, wheat faded to 8 cents under prior close, oats down 2 cents. Old crop soybeans and meal hit limits. new crop soybeans fell about 20 cents and meal $15 a ton. Soybean oil slipped 1 cent a pound. July soybeans at 7.90 and corn 10 lower at July.
AP reports that building product manufacturers posted a 64 percent profit rise in the first quarter on 27 percent sales gains, with the forest products group doubling profits from a year earlier. The outlook was a highly favorable marketing climate across 62 companies surveyed by F W Dodge Division, amid high material costs and rising housing demand.
Wheat No 2 soft red 2.97. No 2 hard red 2.87. Corn No 2 yellow 2.40. Oats No 2 extra heavy white .93. Soybeans No 1 yellow 7.20. No 2 yellow corn Tuesday sold at 2.31.
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