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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Mar 01, 1973
Page
12
United Press International reports on the New York Stock Exchange with intraday pricing data for hundreds of firms. The report lists sales, net, high, low, last, and change figures across multiple sectors and notable companies.
A compilation of selected quotations from multiple firms including Shearson Hammill Central Tel and Util Evans Produc Flying Tiger Garland Gray Drug Hospital Affiliates Household Finance Metromedia MGIC World Airways and others with trading ranges and percentages across various securities and industries. The list shows bid and offer levels including American Continental Homes North Central Airlines Pabst Brewing Wisconsin Power and Light and Milwaukee Prof. Sports among others.
Chicago CBOT trading action shows expiring March soybean contracts tumbling 17 cents per bushel after removal of trade limits. Wheat gains around five cents, oats fall the limit, while soybeans, corn, and soy oil move with varied closes amid overall volatility in a busy session.
Wisconsin cheddar shows steady demand from fair to good with adequate to short supplies. Barrel styles run 59 to 42 dollars and 40 pound blocks 62 to 65 cents per pound. singles 69 to 70. lowhorns and midgets 68 to 71. Swiss blocks range A 77 to 79, B 75 to 76, C 73 to 75.
The Supreme Court 5 to 2 sides with the government in blocking Falstaff Brewing Corp from acquiring Narragansett Brewing Co to prevent reduced competition in New England. The decision, authored by Justice Byron R White, sends the case back for a proper assessment of Falstaff as a potential competitor.
Trane Co announces a new 145000 square foot boiler manufacturing plant to be built on a 56 acre site near Burlington Area Development Co industrial park in Burlington Iowa. The project cost exceeds 6 million dollars with construction to start in April and finish in Q2 1974.
GM earned 2.16 billion after taxes in 1972 on 30.4 billion sales, a 7.1 percent margin, showing high volume but modest profit growth. IBM led profits with 1.2 billion after taxes on 9.5 billion sales, margin over 25 percent, while GE and others posted varied returns.
The Commerce Department reports a 1.2 percent January gain in leading economic indicators continuing the prior quarter's trend. Durable goods orders up 4.8 percent, industrial contracts and equipment up 2.8 percent, stock prices up 0.8 percent, and material costs up 3.3 percent. Unfavorable signals include a 1.2 percent drop in average work week length and a 8.1 percent fall in private housing permits. The overall index reaches 155.1 from 153.3 in December.
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