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Newspaper
Lincoln Journal
Location
Lincoln, Nebraska, United States of America
Date
Jun 06, 1977
Page
10
A sprawling scan shows American Exchange equities and numerous tickers with mixed percentages and prices. Notable names and sectors include PrattLam SCEdpt Unity BuyS Univ Cont and several industrials, metals, and consumer stocks reflecting broad market activity.
Nebraska forecast notes a partly cloudy cooler night with a slight thunder risk in the southwest and extreme west, followed by warm conditions on Tuesday with highs in the 80s. Extended days through Friday show unseasonably warm, dry weather with mid 80s to mid 90s highs and upper 50s to upper 60s lows across Lincoln and eastern Nebraska.
Investors flocked to put options as futures debuted on the Chicago Board Options Exchange and Midwest Stock Exchange with activity across 24 underlying stocks. Officials praised strong public orders and higher than expected volume as they prepared for broader offerings later in the month.
The region endures a heat streak with 100 plus degree readings across Nebraska. Beatrice hit 104 on Sunday while Omaha Eppley Airfield recorded 100 and Scottsbluff tied its 1969 high at 98. A cold front and thunderstorms brought rain, hail, and gusty winds in some areas, but power outages remained isolated as storms diminished.
Bethlehem Steel Corp announced the July 31 shutdown of its Lackawanna New York 28 inch mill. About 350 workers will be affected though transfers to other departments are not yet known. The mill south of Buffalo began in 1925 and faces steep competition from steel imports.
Nebraska Department of Insurance schedules a public hearing at Mid Plains Community College on June 22 at 1 30 P M to collect input from the public and insurers on life insurance replacement policies.
Carpenter Paper Co of Nebraska announces a common stock dividend of 8 cents per share payable June 30 to stockholders of record June 15. The payout reflects a 33.3 percent increase after a four-for-three stock split from the prior quarter.
New York stocks posted mixed results in light afternoon trading as investors weighed inflation and rate hopes. May wholesale prices showed the smallest rise in nine months but traders said more data needed to confirm cooling inflation. AP commodity index for 35 items drifted lower with notable readings on wholesale levels.
United Telecom directors approved a dividend increase to 32 cents a share from 30 cents a share. Chairman Paul H. Henson cited earnings growth, over 25 million dollars in new equity from April warrant exercise, and a growing dividend reinvestment plan as factors strengthening the capital structure in 1977.
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