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Newspaper
Lincoln Journal
Location
Lincoln, Nebraska, United States of America
Date
Jun 27, 1977
Page
12
An extended OCR snippet shows a dense stock list with numerous company names, tickers, and price figures. The passage reads like a market page fragment, listing firms such as Prudential, US Filter, Pulte, Pulteim, Textron, TexasPacific, and many others with assorted prices and deltas, interwoven with notes on dividends and last prices.
The Federal Trade Commission faces a potential shift with the FTC Amendments Act of 1977 allowing individuals and groups to sue firms for deceptive acts. Supporters say it would aid small-loss claimants through class actions and judge-damages calculations by statistics, while opponents warn of harassment and vague rules.
Hog barrows and gilts rose about 75 cents to 1 dollar with 3,000 head on offer in Omaha. Cattle and calves saw steers and heifers up 75 cents to 1 dollar, with larger loads of choice and prime grades reported, while cows were steadier to weak. Sioux City and Kansas City quotes mirrored a firmer tone across hogs and cattle.
Esmark announces net earnings of 19.51 million dollars or 1.05 per share for the quarter ended April 30, 1977, down from 25.28 million dollars or 1.41 per share a year earlier. Revenue falls from 1.3669 million to 1.3263 million.
Outstate Nebraska forecast shows thundersnow possible tonight with clearing Tuesday. Sunny and cooler with Tuesday highs in the 80s and overnight lows around the 50s near Scottsbluff.
Bangkok-Texas Pacific Thailand reports a large natural gas and petroleum field in the Gulf of Siam 425 miles south of Bangkok. A test well flows 76.5 million cu ft of gas and 1 022 barrels of liquid gas plus 651 barrels of oil daily. Three more drillings planned.
New York stocks fell in active trading after noon as steel shares came under pressure from reports of sharply lower orders following a second quarter surge. Investor mood was dampened by a flat University of Michigan consumer confidence survey and a weak trade balance in May at 1.22 billion.
Iowa Beef Processors of Dakota City Nebraska files a 4 million damage suit in Federal District Court in Sioux City and New York. Named defendants include lawyers Lex Hawkins John A Cochrane and Albert J Kreiger plus Amalgamated Meat Cutters official Irving Stern and ex employees Hughes Bagley and Hans Aarsen. Case alleges union officials and lawyers improperly obtained confidential IBP information. Suit seeks 1 million compensatory damages and 3 million exemplary damages plus triple damages against Kreiger for criminal barratry.
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