Market News U.S. Stocks Fall After Rally Fizzles
Dow Jones industrials shed 7.91 to 917.29 by 2 pm with losers outpacing gainers nearly 2 to 1 as news banks maintain high prime rates and Chemical Bank raises large customer rates. Celanese and Loews gain on earnings and acquisition talks while Virginia Electric trades lower. Commodity quotes show mixed wheat corn mile oats soybeans and sacked bran in nationwide market wire.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Chemical Bank
Celanese
Loews Corp
Higer
Century Theatres
Virginia Electric & Power
Wheat and corn prices in Kansas City market report
AP reports Kansas City grain bids with No. 2 hard wheat at about 2.25 to 2.37 per bushel and No. 2 red wheat around 2.23 to 2.31, No. 3 lines near 2.30. Corn stands at 1.26 per bushel with No. 2 white near 1.20, reflecting slight shifts in trading.
MENTIONED IN THIS ARTICLE
Kansas City
Kansas City Market Report Cattle Hogs Sheep Prices
Cattle 100 head earlier in week steady to 47.00 for choice prime steers and 46.00 for choice prime heifers. Hogs 2,000 head with barrows and gilts 1.00-1.25 lower. weights 215-230 at 37.65-37.75. 200-250 at 37.00-37.50. 250-275 at 36.50-37.00. Sows 501.00 lower. 320-600 lb hogs 33.50-34.25. Sheep 25 head earlier in week choice wooled lambs 39.50-40.50. choice and prime spring lambs 41.00-50. Estimates for Monday cattle 2,400. hogs 5,000. sheep 200.
MENTIONED IN THIS ARTICLE
Kansas City
Successful Week For U S Dollar Rides Through Float
The U S dollar showed strength in its first week of floating on foreign exchanges with gains in most centers. It traded above week start levels in London New York and most other hubs while weakness appeared in London and Paris where investors sold dollars for pounds to exploit Britain’s high interest rates. France kept a tight currency regime offsetting supply and demand effects.
MENTIONED IN THIS ARTICLE
London
U.S
Paris
Britain
Western
Europe
Bank supervisor accused of embezzling 1.5 million for gambling
Manhattan bank supervisor Roswell Steffen allegedly siphoned more than 1.5 million from Union Dime Savings Bank at 300 Park Ave to bet on horse racing and professional basketball. District Attorney Frank Hogan announced Steffen, 41, of Parlin New Jersey, was arrested after losses of up to 30,000 in a day.
MENTIONED IN THIS ARTICLE
New York
Manhattan
Dist. Atty
Frank S. Hogan
Roswell Steffen
300 Park Ave
Union Dime Savings Bank
Hogan
Steffen
Parlin
N.J
Oil Leases Bought by Denver Firm in Douglas County
Chevron Oil Co of Denver bought 157 acres from John W. Snyder and 70 acres from James Wiscombe in Overbrook plus 84 acres in Franklin County and 20 more leases in northwest Franklin County. J H Todd said there is nothing exciting yet but the energy crisis prompts new exploration. Mrs. Margaret Oros notes Douglas and Franklin counties have produced oil since 1921 and see good chances of finding oil on the new leases.
MENTIONED IN THIS ARTICLE
Douglas County
Chevron Oil Co
Denver, Colo
John W. Snyder
Rt. 1
Overbrook
James Wiscombe
Snyder
Franklin County
Register of Deeds
Douglas
Franklin Counties
J.H. Todd
The
Journal-World Thursday
Margaret Oros
Oil and Gas Division
Kansas Geological Survey
Coffey County
Butler County
Galluzzi Named Next President of Lawrence Rotary Club
Wallace Galluzzi superintendent of Haskell Indian Junior College was elected president of the Lawrence Rotary Club by the board. He will take office July 1 succeeding Dr. David Hiebert, with Tom Greene as VP and Karl Klooz stepping down after 42 years of service and 48 years of perfect attendance.
MENTIONED IN THIS ARTICLE
Wallace Galluzzi
Haskell
Galluzzi
David Hiebert
Tom Greene
Robert Candlin
Arly Allen
Keith Kelley
Ed Bassett
Karl Klooz
Lawrence Rotary Club
Klooz
Rotary International
Rotary
Pennsylvania
Slippery Rock State College
Hail Destroys More Property Than Tornados
A brief note states hail stones cause greater yearly property damage than tornadoes and offers guidance on protecting crops.
Also Mentioned on This Page
K. C
N. Y. Stocks
Wall Street
Admiral
AllisChl
Alcoa
Am Airlin
Am Motors
Amt&t
Ampex Corp
Adl Richil
Avco Corp
Boeing
Echlin Wee
Kerrmg Ee
Kresges
Kroger
Wales
Marcor Ee
Monsan Ee
Texaco
Trans W Air
Westg el Waren
Lawrence
Douglas County State Bank
Kentucky
K. C. Livestock
Denver
Rotay Club
Hayes
Santee Insurance Agency
Donn
Agency
Gene Noland
Stan Brodhagen
Sunset and West JR. High
Prairie Meadows
Christian Homes
Ridge Court
George Roe
Jim Bailey
Cindy Bailey
Indian Hills
Riverside School
West Jr. High
Broken Arrow
South Junior High Ranch
South Vermont St. Cute
Dillons
Magnavox
Ray Stoneback
Massachusetts
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