Beef price freeze cripples slaughterhouses and supply
The week saw about 100 slaughterhouses shut down amid a government price freeze. Cattlemen withhold cattle awaiting Sept. 12 price-lift, while Treasury and Agriculture officials debate easing rules. U.S. cattle slaughter totaled 323,000, well below prior weeks and last year. Canadian beef sales eyed for higher profits.
MENTIONED IN THIS ARTICLE
Stephen H. Miller
AP Business News
New York (Ap
Portland
Ore
Agriculture
Earl L. Butz
Butz
Treasury
George P. Shultz
Senate
House
Agriculture Department
United States
Buffalo
N.Y
Market dips as Dow ends week at 908.87
AP reports the stock market pulled in its horns amid profit taking and higher interest rates. The Dow Jones average closed Friday at 908.87, down 27.84 for the week after a prior 10-session rise, with analysts split on pace and sustainability of a rebound.
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Associated Press
New York
Dow
Monte Gordon
Dreyfus Corp
Ralph Acampora
Harris, Upham & Co
Wean Unit
Webb
Pac Ind
WestgEl
Wstvco
Va Weybrg
WhitCon
Whitc Pfc
White Motor
Whittaker
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Wiebt St
Swat WillRoss
Wiliams Co
Wms
Witco Ch
Witco
Wolvw
Wometco
WoodsCp
Wolwth
OM Wrigley
Wurlitzr
Wyly Corp
XeroxCp
Zale Corp
Zapata Corp
Zayre Corp
Zenith
Zurn Ind
Miss Universe Fans Nixon Praise From Philippine Queen
Margarita Moran, Miss Universe, 19, praised President Nixon calling him the greatest person in the world. She credited his efforts to foster peace between China, the United States, and the world. The article notes early tumblers created acts to earn food and shelter before evolving into touring acts with acrobats and conjurers.
MENTIONED IN THIS ARTICLE
New York Times
New York
Nixon
Margarita Moran
Miss Moran
Philippines
China
United States
U.S. Treasury bond prices and market wrap New York
U S Government Treasury bonds posted weekly high low and close prices with yield and changes. Stocks fell as volume slipped with major indices down led by NYSE AMEX and NASDAQ amid bank rate hikes and a large Amex block trade record.
Utility hearings planned in Illinois cities
The Illinois Commerce Commission will hold evening hearings on utility credit and billing practices in Carbondale and five other cities. Sessions in Chicago, Rockford, Danville, East St. Louis, and Springfield start at 7 p.m. with Chicago at 7:30 p.m. Citizens may raise issues about payment timing and loss of discounts for early payment, and deposits for delinquent accounts may be considered.
MENTIONED IN THIS ARTICLE
Illinois
Illinois Commerce Commission
Carbondale
Chicago
Rockford
Danville
East St. Louis
Springfield
ICC
Marvin S. Lieberman
Over The Counter Pollution Costs Canada Billions
A report warns that pollution costs the Canadian economy about 2 billion dollars annually. The study highlights health, environmental and productivity damages across sectors.
Bond Market Rally Fails To Offset Earlier Slump
After a late week rally, government bonds still fell from recent highs with 5s to 15s points. Dutch auction results were weak with 76 bonds due 1977 selling near 99.01 yield 8.04 percent and new 7 percent issues only bidding 260 million of 500 million offered. Corporate shares recovered some losses though high grade utilities hit the highest yields since 1970. July volume was 849 million with August at 955 million. Short term rates rose to new highs as three month treasury bills moved higher.
MENTIONED IN THIS ARTICLE
New York
Salomon Brothers
Treasury
Verbatim hearing coverage ends in Saigon
The American Radio Service Vietnam stopped verbatim coverage of the Watergate hearings citing listener demand for music. The service, serving over 5,000 Americans in Indochina, cut off after H. R. Haldeman testimony, saying audience interest had waned and they do not plan to resume.
MENTIONED IN THIS ARTICLE
Saigon
Vietnam
U.S
H. R. Haldeman
Indochina
Dow Jones Averages Range for the Week Reported
The weekly stock summary shows different averages across sectors with highs, lows, and closes. The Dow Jones components and the Standard and Poor's Weekly 500 indices are listed, indicating declines in most categories.
New York Stock Sales Week Totals Reported
Weekly NY Stock Sales totals show 60,263,380 for the week, down from 85,396,030 last week. Year to date figures rise to 2,281,701,480, with two years ago at 2,382,006, ran and 1972 to date at 2,536,084,091.
Stocks and Bonds Trade in New York Market Report
New York stocks and bonds market ends with notable activity as traders react to shifting rates. The session includes movements across major industrial and transport issues with mixed results in the bond sector.
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