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Newspaper
Lincoln Journal
Location
Lincoln, Nebraska, United States of America
Date
Aug 19, 1977
Page
24
A dense OCR of a stock market page shows company names, ticker-like fragments, and dividend notes. The text lists numerous firms with percent figures, prices, and market terms across diverse industries, but the fragmentary format obscures clear events or outcomes.
Nonferrous metals show copper at 65 cents per pound, lead 31 cents, zinc unnamed, tin 5.6509 dollars, New York area. Gold is 143.55 per ounce and silver 4.38. Handy and Harman cites silver at 4.39. Gold futures data from CME outlines Sep through Dec contracts with opening, high, low and close figures.
Chicago futures show mixed grains and cattle futures with limits on soybeans and minor changes in corn and wheat. Livestock receipts in Omaha and other markets reflect higher hogs and cattle prices, with regional quotes for Kansas City, St. Joseph, Sioux City, and Des Moines, plus USDA cash markets for soybeans and corn mixed across regions.
Sealed proposals in Lincoln Nebraska are invited for paving in Paying District 2400 Applecreek Road to Sunvalley Boulevard and West P Street as per Public Works plans. Also bids for painting 451 streetlight poles are due August 31 1977. A Nebraska Game and Parks Commission meeting is listed for August 26 1977 with agenda available for public inspection.
Four Warner Lambert executives and the company face reckless manslaughter and criminally negligent homicide charges after a fatal explosion at the American Chicle division plant in Long Island City. The grand jury found magnesium stearate powder buildup and ignored supervisor complaints and insurer notices, despite safety concerns.
Bethlehem Steel Corp plans immediate layoffs of about 7,300 employees and a 10 percent production cut to lift profits. The action hits Lackawanna New York and flood damaged Johnstown Pennsylvania facilities. Capital spending will be trimmed by 200 million dollars over 16 months and a substantial 1977 loss is forecast.
New York stocks moved lower as Citibank lifted its prime lending rate a quarter point to 7 percent the highest in 11 months. Major banks followed, Dow edges down to 859.93 as Labor Dept inflation data and mixed GNP figures influence trading. Wholesale price index and money supply also noted in report.
ConAgra Inc announces an agreement to acquire Bow Wow Co Inc a Rolla Missouri based dry dog food producer and distributor from the controlling family. Bow Wow operates two plants in Rolla and distributes about 80 percent of its dog food through grocery stores. The deal will be paid with ConAgra stock and Bow Wow will become a wholly owned subsidiary.
New York AP Citibank the nation s second largest commercial bank raised its prime rate Friday from 6 34 percent to 7 percent. Citibank had kept the rate at 6 4 percent since May 27 and did not elaborate on the move. The rate aligns with its formula based partly on short term commercial paper.
F W Woolworth Co, the nation’s largest variety store chain, reported second quarter earnings of 3.4 million dollars or 8 cents a share, down from 16.1 million or 52 cents a share a year earlier. Sales rose to 1.3 billion from 1.2 billion due to currency fluctuations and weaker domestic results.
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