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Newspaper
Lincoln Journal
Location
Lincoln, Nebraska, United States of America
Date
Aug 01, 1977
Page
22
A dense feed shows Juniper Pet and agricultural futures with bids asks and open interests alongside live cattle, hogs, and meat product quotes. The page lists prices for VOLS including Natl Kinney, Spicer, and PGE group stocks with corresponding sales and open interest figures across multiple exchanges.
After long testing and court battles the Transportation Department plans final rules requiring tire makers to grade and label tires by treadwear traction and heat resistance. Labels aim to help motorists compare brands among 3000 sizes, with grade scales for miles and wet stopping ability and heat tolerance. Implementation may begin next year with phased in requirements, while industry challenges still loom.
Chicago futures summaries show soybean prices plunging while corn and wheat stage late-session gains. August soybeans fall about 30 cents a bushel with speculators selling heavily and oil and meal also lower.
Chicago USDA butter steady and eggs mixed with scattered wholesale price moves. Grade A large eggs 34-50 cents, medium 23-45, small 14-22, bulk prices for Class 1 large 55 and Class 2 large 48, nest-run 40, checks 31. Butter demand slow to fair in New York, wholesale quotes 102-104 cents for AA 93 score and 102-103 for A 92 score. Potatoes, lumber, and other commodities show varied late autumn quotes and forward sales projections.
Mobil and Shell spokesmen say self service gas stations meet public demand by offering cheaper fuel and that banning them would ignore consumer choice in the open market. FDIC oversees Republic National Bank closure after loans exceed assets, the second local bank failure in a year in New Orleans.
Prices in New York for copper at 65% cents a pound lead 31 cents zinc WM cents tin 5.43 a pound gold 144.35 per ounce silver 4.503 per ounce and quicksilver 118.00 per flask. Handy and Harmon quoted silver at 4.455 per ounce, down 48 cents from Friday. Gold futures follow.
Partly cloudy tonight and Tuesday with a chance of showers in the northeast tonight and east Tuesday. Highs in the low to mid 80s and Lows in the mid 50s to low 60s. Extended outlook through Friday shows more pleasant temperatures with possible thundershowers Friday and similar ranges west and east. Lincoln area notes include a Comfort Index of 75, barometer 30.11, wind 16 mph SW, humidity 43 percent, and sunrise sunset times. Precipitation year to date remains 16.02 inches, normal 18.27 inches.
Blue chip buyers lifted prices on the New York Stock Exchange. The Dow Jones average rose 4.86 to 894.93 as trading neared 1 15 p.m. EDT. The NYSE composites gained 0.25 to 54.37 with advances leading declines 819 to 452 among 1717 issues. Volume ran about 11 million shares in three hours.
Donald D. Hamann of Lincoln was elected vice president of the Retail Jewelers of America at the group’s New York trade fair. He serves as president of Sartor Hamann Jewelers and was raised from director as the association, with more than 10 000 member jewelers nationwide, announced the leadership update.
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