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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Mar 06, 1973
Page
12
Tuesday stock listings show broad gains and losses across sectors with notable moves in Dow Jones components. Major shifts occur in technology, chemicals, and consumer goods as investors weigh earnings and macro signals.
The New York based American Exchange reports a fluctuating list of selected stocks with varied highs and lows. notable figures include ArkLaG, Brascan, Dome Petro, Creole, FrontierAir, and Kaiserind among others, with several showing double digit percentage movements and modest declines.
The page blends investor quotations from numerous firms and a snapshot of futures trading on the Chicago Mercantile Exchange. It includes names such as Central Ill. Pub. Serv. and World Airways alongside a stream of over‑the‑counter and corporate listings and price quotes.
Milwaukees cattle market closed steady to higher with steers and heifers top ranges stated. Calves hogs and lambs also moved with mixed gains and losses, while Minneapolis securities closed with a regional index mix and notable gains in the Retail and Finance sectors.
The La Crosse Rubber Mills Employes Credit Union elected three directors at its 11th annual meeting. Henry Buehler became president and two other directors Viola Pfaff and Mary Shawley joined for three year terms. The credit union reports 1136 members and 287281.91 dollars in assets with 324 members having loans totaling 269004.02 dollars. A five percent dividend was paid to shareholders. Other officers include James O. Christie as vice president, Mrs. Shawley as secretary, and Clarence Hanson as treasurer.
J C Penney Company posts preliminary net earnings of 162.6 million for the year ending January 27, a 19.8 percent increase. The New York based retailer, the nation's fourth largest, cites strong sales from its department store and catalogue operations.
Eighty one Clark gasoline dealers filed a federal antitrust suit in Chicago alleging price fixing and related marketing practices by Clark Oil and Refining Corp. They claim to represent more than 1,800 Clark station operators across 12 Midwestern states amid nationwide product sales in eight more states. The action questions lease structures used to police and maintain retail gasoline prices.
The article profiles 3M’s overseas expansion, noting one third of 2.1 billion annual sales come from abroad and 38 countries host its operations. It cites Dieckmann, a former miner who becomes foreman at a 3M plant in Kamen Germany, as an example of the social impact. The piece argues protectionist sentiment vs. multinational growth, with Harry Heltzer defending balance of payments and U.S. jobs tied to international sales.
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