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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Oct 14, 1975
Page
6
The piece warns that continuing 12.2 percent inflation would erode the dollar’s value to 51 cents by 1980 and 5 cents by 2000, doubling price levels by 1980 and threatening private enterprise, a police state, and vast bureaucracy unless inflation moderates to 6-8 percent.
The piece surveys inflation trends, consumer prices, and policy responses. It notes how 7 percent annual rises erode purchasing power, links 1973-75 slumps to inflation, and discusses Fed credit restraints, interest rates, and market volatility. It also references grain sales to the Soviet Union and energy price dynamics shaping costs.
A Woman's Day survey finds six in ten households buy private label goods, but the share of private label buying rises with income and education. In 1971, high earners accounted for 22 percent of private label sales. now they account for 35 percent, with suburbs leading private label availability while urban shoppers pay more.
Milwaukee livestock prices closed steady to strong with good to choice steers 46.00 to 48.00, heifers 43.00 to 45.00, Holstein steers 39.00 to 42.00, standard to low good cattle 26.00 to 32.00, dairy heifers 24.00 to 27.00, utilities 23.00 to 26.00, canners 17.00 to 21.00, commercial bulls 25.00 to 27.00, common 22.00 to 25.00, calves strong with choice 50.00 to 65.00, feeders 26.00 to 36.00, hogs lighter near 50.50 to 61.50, sows 51.50 to 53.50, boars 53.00 down.
Cattle and calves 5,400. Slaughter steers and heifers very slow with limited early sales down to 50. Holstein and other cattle show varied weights with values from 40.00 to 47.00 per hundredweight. Hogs 5,200 with prices mostly 60 to 61 for midweights and sow values around 50 to 55. Sheep and lambs 2,300 with slaughter lambs steady to slightly higher and feeder lambs up to 85 pounds at about 42 to 43 per hundredweight.
In Chicago futures traders pushed soybean and soy oil limits lower on CBOT with soybeans 20 cents down per bushel and oil down 100 points. Wheat, corn, oats and soybean meal also fell with months and prices listed as declines widened by the close.
AP reports commodity quotes with Wheat No 2 hard winter at 3.90 and No 2 soft red at 3.95 in Chicago. Corn No 2 yellow 2.86 hopper and 2.84 box, Oats No 2 at 1.29, Soybeans No 1 yellow 3.18 and No 2 yellow 2.92 for Friday trading.
A warranty backed claim introduces Johnson's Odor-Eaters as a new cushioned insole from Combe Inc White Plains NY. Tests by foot doctors show significant odor reduction in most cases with continuous moisture absorption and odor destruction for months.
Quick cabbage flavored patties made from bulk pork sausage and Frank's Kraut served on buttered buns with Swiss cheese lettuce and spiced apple rings. Shape fry top with cheese and assemble on buns for serving hot. FRANK'S.
A brief item notes the blend of taste and pleasure in the current issue of Old Gold, highlighting featured flavors and selections as a consumer note for readers.
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