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Newspaper
Terre Haute Tribune
Location
Terre Haute, Indiana, United States of America
Date
Dec 08, 1972
Page
22
Grain prices held record levels with wheat at 2.39, yellow shell corn at 1.50, oats at 0.90 and soybeans at 33.94 per bushel. Hog prices ranged from 29.90 to 30.15 for 210 to 230 pound hogs, sows trading at 23.50 and down.
Treasury bills and maturities shown for New York as of March 15 with bid and ask rates across multiple issue dates. The table lists issues from December 14 through May 31, including January and February maturities with corresponding yield figures.
AP USDA notes hogs up 50 to 75 cents with active trading. 200 240 lb animals mainly 31.75 to 32.00, 125 head at 32.25, others at 31.25 to 31.75. Sows mostly steady to 25 cents lower. Indiana hogs see gains 25 to 75 cents. 200 230 lb at 31.00 to 31.50, 230 250 lb 30.25 to 30.75, cattle and calves limited for testing. Illinois and Chicago grain futures show soybeans, meal, wheat, corn, oats higher. New York eggs report steady to higher wholesale prices for large, medium, and small whites. Chicago eggs also strong with varying wholesale quotes.
Arthur Levitt Jr of Hayden Stone Inc. urged replacing the term small investor with consumer or individual to curb broker snobbery. He said institutions control most trading yet individuals own over 60 percent of stock and receive poorer research and attention. He called for higher professional standards, a salary-based broker model, and formal academic training to protect investor welfare.
Wall Street firms report a strong year with 27.7 percent market gains, Dow above 1000, and dollar strength. Harris, Upham notes healthy breadth and optimism for renewed upside momentum despite recent pauses. E. F. Hutton cites seven new recovery highs in transportation and buoyant utilities during consolidation. Alexander Hamilton Institute points to profit-taking and Vietnam peace talks as brief pauses, but maintains buy signal for stocks.
The Wabash Valley Personnel Association will hold its regular monthly meeting Tuesday at Louise's Restaurant. Social hour starts 6 30 p m with dinner at 7 p m The meeting will include officer elections. Jack Roman and Meadows Manor Melody Men perform at the Christmas Dinner Dance December 16 at the Knights of Columbus Banquet Room. Dinner at 7 p m includes Santa Claus and his elf. Reservations through Wib Gambill and Vern Perkins.
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