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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

Mar 13, 1971

Page

9

Prime Rate Cut Moves Amid Nixon Textile Clash

Banks trimmed the prime rate to 5 1/4 percent led by Chase Manhattan New York. Nixon denounced Japan’s voluntary textile import agreement while Mills welcomed it. Casey nomination for SEC chair eyed as Senate recesses. Economists predict modest growth but warn inflation risk remains amid policy.

New York Nixon Chase Manhattan Bank of New York United States Laration Wilbur Mills Dark House Ways and Means Committee Congress Casey Senate

Egg and butter prices hold steady in Kansas City

Kansas City AP report shows wholesale eggs unchanged with large 28 to 35, medium 25 to 31 for 80 percent A. Butter also unchanged with grade A pounds at 85 and quarter pounds at 86.

Kansas City

Market Prices for Grains and Beans Recorded

Grain and bean prices listed include Wheat at 1.37, corn 1.43, milo 2.05, beans 2.85, oats 0.88. Prices reflect a snapshot of crop stalls and market quotes from the period.

Dow Jones Averages Range Shifts Across Industrials and Utilities

The report presents weekly closing ranges for Dow Jones groups. Industrials at 898.12 to 899.44 with last 898.34, Trusts around 202.86 to 200.74 last 202.03, and Utilities near 122.12 to 123.05 last 123.05 show modest gains. Bond averages show mixed moves across sectors, with rails and utilities posting higher highs and lows.

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Also Mentioned on This Page

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