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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 19, 1962
Page
7
Derby Grain Co reports Wheat 188, corn 1, oats 78, barley .90, soybeans 2.18. Kansas City AP notes egg and poultry prices with wholesale eggs and butter ranges, cattle and hog values, and no sheep market activity.
The New York market edged higher in moderate late trading with gains for key stocks though steel majors slipped slightly after an early advance. Bond markets steadied while commodities showed varied moves with wheat futures fluctuating and hogs rising on the day.
Three motors advanced as Ford added more than a point and aerospace issues stayed mostly higher on Washington talk of space-age defense. North American Aviation hit a new high, Boeing and United Aircraft rose about a point, and others like Merck and Tobaccos showed solid gains. Du Pont dropped, weighing on averages while several industrials posted modest advances. Deaths-Funerals: Mrs Ethel Freeman Quisenberry, 82, of Topeka died Thursday. services set in Topeka and Tonganoxie with burial in Hubbel Hill Cemetery. Graveside rites for infant Vickie Lynn Cartwright set at Walnut Grove Cemetery Parkville. Infants Payne, daughters of Payne, died. services in Oak Hill Cemetery. Graveside details, survivors listed. Cooper-Warren Mortuary handling arrangements.
Kansas City AP Former Kansas Governor George Docking opens that high labor costs do not harm U S trade competitiveness. Docking, a director at the Export-Import Bank, points to a Kansas exporter underbidding France yet losing on loan terms and notes Europe market competition is stiffer than Japan.
President Kennedy urged labor and business to show restraint to curb inflation in a speech to hundreds of leaders in business and labor. He stressed price stability at home and an increase in exports.
The President participated in a Treasury Department conference on savings bonds and then departed for New York for a luncheon with Acting U N Secretary General U Thant after a brief remarks at the event.
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