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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Mar 03, 1973
Page
5
The stock market finished the week with an upward swing as analysts credited a rally to fading dollar crisis concerns and Nixon's assurances on devaluation. The AP average settled at 315.1, down 2.8 for the week, while the Dow closed at 961.32, up 1.43.
A New York money brief lists mutual fund bid and ask prices from NASD data for Admiralty, Anchor Group, and many fund families. Entries include fund names such as Incom, Growth, Adviser, and Aetna with bid and ask quotes, plus several growth figures and stock funds across multiple firms.
John Daly of the Direct Mail Advertising Association notes about 40 billion dollars in annual U S direct mailing sales and a 1600 firm membership while addressing UW La Crosse class. He debunks misperceptions improves mail preference service and stresses mail as a favored advertising channel.
The Varsity Club at 1932 Ward Ave opens in a new 70 by 80 foot building just east of its former location. Owner John Raatz reports a split space with two bars, a back room with bandstand and dance space, acoustical ceiling, and walls. exterior black surface to be painted in spring.
Gerald Goldbeck of 4259 Smith Valley Road built a custom twin boom wrecker from a 1964 chassis. He says it can lift 25 tons dead weight and up to 100 tons with extra gear, reach 65 mph, and pull 30 tons at 45 to 50 mph. The vehicle has 15 forward speeds, a 250 horsepower diesel, air conditioning, and sleeping accommodations.
Prices in sugar rallied on rumors of FDA action to restrict saccharin amid alleged tumor risks. Pork demand rose as beef prices climbed, aided by school lunch buys and Japanese purchases, while hog marketing and cattle prices shifted with devaluation and import dynamics. Copper, silver, and cocoa moved on global liquidity, policy, and supply cues, with Cocoa reacting to Ghana purchases ending March 15.
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