Grain futures soar on droughts and frosts across major crops
Droughts and frosts in key crop regions push grain futures to daily limits on the Chicago and Kansas City boards. Wheat and corn contracts rise across March May and July delivery as dryness in Europe Australia and Brazil raises concern and the Soviet Union may need more imports.
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UPI
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Unions Back NYC Bonds to Avert August Default
Two municipal pension funds agreed to buy about 125 million dollars of Municipal Assistance Corp bonds. The Police and Fire department pension systems will invest 30 million and 10 million respectively, boosting overall financing to about 1 billion dollars and reducing default risk on the August 22 obligations.
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NEW York
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California Senate Action and Ballot Law Debates
United Press International reports the rnor Ballot proposal unclear on listing on state ballots for 2024 Democratic presidential run. Harold Mitchell named to Occupational Safety and Health Appeals Board. A Thomas Quinn approved as chair of Air Resources Board on 23-10 vote. Also AB measures: tip deduction ban for service workers. California gray whale designated official state marine mammal. car pool cost sharing allowed without bus line license.
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United Press International Thernor
Mitchell
Harold Mitchell
Huntington Park
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Senate
Quinn
A. Thomas Quinn
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Greene
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