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Lawrence Journal World in Lawrence, Kansas

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jan 09, 1971

Page

7

1971 Begins With Economic Hopes and Inflation Warnings

New York reports the first full week of 1971 brings easing interest rates and a presidential pledge of improvements. 1970 saw 9 percent price inflation and 5.4 percent cost of living rise, with 2 million more unemployed and 4.9 percent annual unemployment. Nixon predicts a good 1971 and a very good 1972, advocating activist policy to curb inflation while expanding jobs. He favors deficits and monetary expansion, rejects wage and price controls, and notes 4 percent unemployment as a potential target by 1972, with wage gains around 7 percent and price rises near 4 percent.

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Dow Jones Averages Weekly Range Report

The report shows weekly closing ranges for Dow Jones indices including Industrials, Utilities, and Bonds. Highlights include last values near 837 for Industrials, 122.48 for Utilities, and 69.32 for Bonds with notable net changes.

Dow Jones

Local Market Prices For Grains Reported Channels

Market notes list wheat at 1.40 and corn at 1.41 per bushel milo at 1.99 beans at 2.73 and oats at .88 per unit. Prices reflect current trading for farmers and buyers in the region.

KC Eggs and Butter Prices From AP Report

Kansas City wholesale eggs show large grade A 33 to 40 cents per dozen with 80 percent contents. medium eggs grade A 29 to 37 cents. Butter remains unchanged with grade A 1 pound solid at 85 cents and grade A quarters at 86 cents.

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Also Mentioned on This Page

By Linda Rubey AP Business Writer Federal Reserve Board American Tock Husky Oil ITI Corp Kaiser Lee AO Indust McCrory Ark Best Arklgas MidwsFin Newldria Atlas Cpwt NewPark Va Barnes Eng Ormand Ind Statham Ins Cinerama Wa Nuclear Data Control Dillard Dixilyn Corp Felmont Frontier Air Gt Basin Pet Telex Corp Sperry Tel City Invest Natomas UAL Inc Gulf Oil Pan Am Nwst Suburba Co West 9Th and Avalon RD Associated Realty CO Inc Ralis K. C F.d.sc N.Y Leo Smith New York Stock Exchange Lawrence Kansas The American Stock Exchange Midwest Stock Exchange H.o.peet Lawrence National Bank Lawrence, Kansas
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