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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Jul 20, 1968
Page
2
New York reports a weeklong market drop with all three major indexes down. Dow falls 8.54 to 913.92 as glamor growth and conglomerate stocks slump and volume drops to 58.97 million shares.
UPI reports the market indicator base set April 1 1966 closes Friday with NYSE price declines led by 939 issues while advances total 407. ASE Dow Jones and S&P show losses and bond sales reach about 15.9 million. The text lists numerous funds and shares with bid and ask values amid a broad market snapshot.
UPI notes the 15 most active stocks on the New York Stock Exchange with Occidental Petroleum Hooker Chemical and Mobil Oil among leaders. Market close shows declines in major indices while mixed commodity prices move in Chicago trading.
UPI reports Dow Jones industrials finish at 913.92, down 4.03, with rails and utilities also lower. Markets show limited activity with bonds uneven and commodities mixed, as cattle and hogs move modestly lower and grains edge.
Gateway Aviation Inc of La Crosse will start daily air taxi operations Monday between La Crosse and Chicago and between La Crosse and Milwaukee using a DHC6 Twin Otter. Chicago flights depart La Crosse at 7:30 a.m. and 5 p.m. arriving O’Hare at 9 a.m. and 6:30 p.m. Return legs depart O’Hare at 9:30 a.m. and 7:30 p.m. Milwaukee service departs La Crosse at noon with 1:10 p.m. arrival, then leaves Milwaukee at 1:30 p.m. and arrives back at 2:24 p.m.
A Preston crop sprayer survived a crash after striking a power line on takeoff from the Austin airport. Richard Schmidt in his 30s was treated at a local hospital in Austin and released.
Mexican contractor Ciudad Juarez El Paso and the Rio Grande are reshaping the border river to restore the channel between Juarez and El Paso. Six Allis-Chalmers earthmovers move over a one mile zigzag strip digging daily, with more than a million tons of sand relocated. Project lead Frederico Schroeder won’t predict completion time.
Electric power suppliers in the Midwest form the Mid-Continent Area Coordinating Council to safeguard service reliability. The MAPP management meeting in Duluth, Minnesota announced the plan. Dairyland Power Cooperative representatives John P. Madgett and Frank W. Linder attended, with Dairyland cited as a council member. The council includes 24 major utilities across Illinois, Iowa, Minnesota, Missouri, Montana, Nebraska, North and South Dakota, Wisconsin, and Wyoming.
Teresa Rekowski, 39, was charged with first degree murder in the shooting death of her husband George Rekowski, 64, at their Winona home. Arraignment was postponed to July 30, she sought a court appointed attorney and held on $10,000 bond after police reported a 22 caliber rifle was used. Neighbors reported a disturbance led officers to the scene.
The report shows this year’s withdrawals 10.6753 billion and deposits 6.4842 billion, with cash balance 6.9953 billion and public debt 355.1394 billion. Gold holdings total 10.3669 billion. Last year’s figures were withdrawals 8.1811 billion, deposits 5.2700 billion, cash 7.5112 billion, public debt 330.7727 billion, and gold 13.1092 billion. Internal Revenue collections on July 16 were 613.0761 million.
Sylvia Porter notes the strong push for college educations but reveals half of the 2,693,000 new high school graduates will skip college. She highlights abundant non college paths with on the job training and solid pay, including computer programmers, cooks, pilots, sales clerks, bank tellers, health workers, Wall Street roles, and trades.
The 1963 Rueben Trane Scholarship winner George Klody will work as a physicist at the Lawrence Radiation Laboratory in Livermore California this summer. He joins Rosalyn Rasmusen of La Crosse as they relocated to California in June. Klody will research neutron and light charged nuclei reactions in the Cyclotron group and plans to return to the University of Wisconsin for graduate studies in higher physics in the fall.
In La Crosse County Court, Larry A. Rhodes 19 Bangor forfeited a $75 appearance bond after failing to appear for a restitution hearing. Rhodes had pleaded guilty to disorderly conduct for breaking aerials at the Interstate Fairgrounds parking lot. The judge ordered $60 to be paid into court and $15 set as restitution. Rhodes reportedly returned to military duty. fellow offender was fined $57 plus $30 restitution. Thailand area note appears as unrelated text.
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