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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 18, 1972
Page
15
Kansas City AP reports commodity prices for wheat at 1.64, corn 1.10, Milo 1.75, soybeans 3.31, and oats 0.70. Wholesale eggs list large 29 to 38 cents, medium 19 to 28 cents for 80 percent.
Alabama Governor George Wallace was allowed to move about his hospital room in a wheelchair one day after abdominal abscess drainage surgery. He is back in a room at Spain Rehabilitation Center and will start light therapy Monday as he work toward a full recovery. This was his second abscess surgery in a month and his sixth since the May 15 shooting that left him paralyzed from the hips down.
The American Bar Association calls for removing harsh criminal penalties for personal use or possession of marijuana. The group argues such penalties are excessive and advocate reforms to align laws with current views on cannabis.
Stocks show modest gains with the Dow up 3.54 to 964.93 at 2 p.m. trading a mix of gainers and decliners on the NYSE. In the auto sector GM cuts increases by about one third amid a government dispute with GM, American Motors, Chrysler resisting, AMC down to 9 9/16 and Ford steady at 65 5/8 while Chrysler climbs to 30 1/4.
Kansas City market reports cattle with steers at 35.25 to 36.00 and heifers 34.00 to 34.75. Hog sales opened steady but closed 25 lower with various weight classes. Sow prices slipped, sheep at 30.50 to 50 for lambs and primes. Monday estimates include cattle 1800, hogs 3500, sheep 300.
Miami Beach AP preview of next week's Republican convention outlines a delegate plan favoring smaller states to gain influence over the GOP platform. Moderates oppose, predicting court challenges. Rival plans differ on bonus delegates by state and district while reforms aim to boost women and minority representation.
The Commerce Department reports a 9.4 percent annualized growth in GDP for April to June, the highest since late 1965, with corporate profits rising to a 93.1 billion annual rate and inflation at 1.8 percent. The Nixon administration cautions that sustaining this growth will be challenging.
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