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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
May 15, 1973
Page
8
NYSE reads include Acme Market Admiral and hundreds of listed issues with mixed gains and losses. Major movers span Allied, AmCan, Exxon, IBM, Coca Cola, and Boeing among others with price shifts and daily last values noted.
Selected stocks on the American Stock Exchange show varied prices and percentages across many names including Banister, Brascan, Dome Petro, Felmont Oil, Frontier Air, Texaco, Teleprompter, and TWA. The table lists bid last and percent changes, with several entries in double digits and others in single digits, reflecting a snapshot of market activity.
The Milwaukee livestock market closed steady with cattle ranges from 27.50 to 43.50 for various classes and calves 56.00 to 78.00. Hogs finished steady to 25 higher, lambs steady with 28.00 to 30.00 for good to choice, and receipts pegged at about 1,400 cattle, 1,200 calves, 400 hogs, and 50 sheep expected Monday.
Trading on the Chicago Board of Trade focuses on old crop soybeans finishing higher amid gains in nearby May corn options and wheat. Old crop soybeans rally to the limit in most months, May soybeans up 40 cents, while May corn up 8 cents and oats up about 5 cents. Live cattle and hogs on the Chicago Mercantile Exchange show mixed moves with closes near prior levels.
St. Paul area cattle and calves totals 4,000 with steers strong and heifers steady. Buyers show active hog trade with 1-3 and 2-4 weight ranges up and down across several price points. Slaughter sheep and feeder lambs mixed, cheese, butter, eggs and shell eggs prices noted in regional market notes.
A SEC ruling allows life insurance firms to start selling variable life policies, a hybrid of life insurance and mutual fund investments. States will regulate much of the rules, with annual reports and a mandatory prospectus for buyers. Equitable, Aetna, and New York Life have filed plans.
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