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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jan 13, 1973

Page

8

Nixon proposal overshadows week in business news

The week’s major story centers on President Nixon’s plan to restructure wage and price controls toward a voluntary framework. Alongside this, wholesale markets saw notable movements as a key trend in the economy and stock activity is reported with weekly totals and dividend notes.

Xerox Cp Zale Corp Zenith Associated Press Xabenta New York Nixon

Nixon Step Big News Prices Fuel Shortage Worsen

Nixon policy moves come as fuel oil shortages deepen and inflation fears surge. Wholesale prices in December rose at a 19.2 percent seasonally adjusted annual rate, with food prices climbing 62.4 percent, stoking concerns about the economy.

Stock gains after Nixon easing price controls

Economists react with inflated expectations with Paul Samuelson predicting inflation above 4 percent in 1973 and Paul Heller suggesting a revision upward. The Dow rises five points as markets respond while fuel oil shortages spark emergencies with Texaco rationing east of the Rockies.

Paul Samuelson Paul Heller President’s Council of Economic Advisers Kennedy Wall Street Texaco Rocky Mountains

Wheat and grain futures prices on the market report

Wheat at 2.48 per bushel, corn 1.40, rye 2.70, soybeans 4.05, oats 0.85. The row shows daily price quotes across major grain commodities with small fluctuations.

Wholesale eggs hold steady in Kansas City market

In Kansas City, wholesale egg prices are unchanged with large eggs at 80 percent A grade 48 to 57 cents per dozen and medium eggs at 80 percent A grade 45 to 55 cents per dozen.

Kansas City

Stock and Bond Trades Report

A brief market note shows trading activity in American stocks and NY bonds with figures such as 1362 for American Bonds and 155 for Cepobeeades, indicating mixed demand and bond movements.

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