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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Mar 13, 1973
Page
15
UPI reports a mixed session as New York stocks drift in a narrow range with notable gains in several industrials and banks while technology shares lag. Major movers include Gillette, General Mills, and Ford. trading pauses reflect a cautious mood ahead of the week.
Milwaukee AP notes Monday cattle market closed steady to 50 higher with good to choice steers 41.00 to 45.50 and heifers 38.50 to 44.00. Holstein steers 41.50 to 42.50. dairy heifers 37.00 to 38.00. cows 36.00 to 37.50. bulls 40.50 to 43.00. Calves rose strong to 2.00, calves 66.00 to 76.00. good 52.00 to 64.00. feeder bulls 86.00 to 110.00. feeder heifers 76.00 to 90.00.
Mon day closing average of 86 regional securities compiled by Dain Kalman Quail shows mixed results across sectors. Indices based on 100 as of 12-31-65 report gains in Finance and Retail while Manufacturing trades up and Utilities slip slightly. overall movement varies by industry.
In Chicago heavy selling near session end pushed most futures limits lower. Soybean meal fell the limit of $5 per ton while soybeans closed at the limit down. Corn and oats also declined with March contracts showing notable losses. Wheat hit its limit as well with March futures down.
St Paul Minnesota cattle and hog market results show large slaughter loads with varying price ranges. Cattle steady to higher with top slaughter steers 46.50 per hundredweight and heifers 45.50, hogs up to 40.75 in shipments, and sheep trading slowly amid light early sales.
Wheat No 2 soft red 2.3742. No 2 hard red 2.26. Corn No 2 yellow 1.61. Oats No 2 extra heavy white 90. Soybean No 1 yellow 6.714. No 2 yellow corn last Friday at 1.61. Midwest egg wholesale prices Monday unchanged with extra large 52, large 52, mediums 47, pullets 40, standards 45, checks 31.
The Wisconsin Supreme Court ruled that savings and loan associations are not required to pay interest on escrow funds for taxes and insurance. The ruling, supporting Security Savings & Loan Association of Milwaukee, upheld a Milwaukee lower court decision.
A study shows banks and Wall Street expanding worker numbers while agriculture declines. AT&T leads private employment with about one million. Bank of America employs 51,400, up from 32,800 in 1963. Merrill Lynch now houses over 21,000, with New York dominating securities employment. Steel jobs fall. bakery and pet food firms rise, as four major pet food players and Ralston Purina shape a growing market. Copyright Chronicle Publishing Co. 1973.
Wisconsin cheddar prices show market stability with good demand and adequate to short supplies. Barrel styles bring 61 to 64, 40 pound blocks 63 to 66 percent, single daisies 69 to 70, longhorns 69 to 70, midgets 69 to 71 and 12.
GM told the EPA it cannot meet the 1975 auto emission standards. Ernest Starkman urged a one year delay and suggested alternatives including strengthening current limits and limiting catalytic converters to California tests. Ford and Chrysler signaled similar compromise positions at the hearings.
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