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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 07, 1975
Page
7
The AP report shows mixed stock movement on the New York Stock Exchange and American Stock Exchange with gains and declines across numerous issues. It notes listed prices, advances and declines, and highlights notable names such as Aegis Corp and Sears as part of the day’s activity.
Livestock prices listed for sheep hogs and cattle dated June 2 and June 4 1975. Sheep offerings about 1 369 head with varied lamb and ewe categories. Hogs estimate around 228 head with price ranges by weight. Cattle totals show several classes from commercial cows to Holstein steers and dairy calves with per hundredweight ranges.
Omaha US market report shows hogs 200 to 270 pounds down 25 cents to 47.75 per cwt for 200 to 250 weight range and 270 to 300 pounds steady to 25 higher. Sows 25.75 lower, lighter weights 39.50 to 40.00. Cattle and calves total about 200. cows 22.50 to 24.50, canners 16.00 to 22.50. Estimated receipts Monday cattle and calves 6,500 hogs 6,000 sheep 70.
Sioux City Iowa AP USDA report details Friday trades at the Sioux City Livestock Market. Hogs and butchers fell about 25.50 from Thursday, with steers steady. Sows and heavier cattle shown alongside sheep listings.
Traders watched live cattle feeder cattle and pork belly quotes with mixed results. Market open interest and sales listed for June through April contracts alongside New York Wool futures data and stock market snapshots from New York and Chicago.
A terse list of stock tickers and prices appears with names such as Aceto Chemical Wu Bancorporation of Montana and Montana Dakota among others. Entries include dividends and preferred shares like Montana Power Pfd and Pac Power Pfd, with varied percentages and dollar values.
AP reports Friday gold prices with London and Paris fixes showing gains. London morning and afternoon fixes at 165.25, Paris 170.16, Frankfurt 165.64, and Zurich bids at 164.75 with increases across markets. New York base prices range around 165.25 to 165.75 with gains noted. Metals markets show copper, tin, lead, zinc, and silver actions across London and New York.
The Chicago Board of Trade futures figures show bids asks and closes across July through March contracts for corn oats and iced mince with several price levels and daily percentage changes, indicating mixed movement and normal market volatility.
Portland Grain Exchange closes with bids for wheat and barley and new delivered coast prices. Grain notes include Soft White and Montana Dark Hard Winter bids for 1 to 30 and 30 to 60 day delivery, and Western Barley values at 108.00 for 1 to 30 days and 113.00 for No 2 45 lbs Western.
The Dow fell 2.51 to 839.64 while the S&P 500 dropped to 92.48 and the NYSE composite eased to 49.19, leaving four straight sessions without a clear trend. Volume rose slightly as gainers edged losers 720 to 703 among 1,843 issues on the Big Board.
EPA probes potential nationwide recall after Chicago tests show 1975 vehicles failing carbon monoxide standards. Michael Walsh cites 10 to 15 percent of overall failures from 1975 models as Big Three respond with information requests and prior recalls noted in California and elsewhere.
The Interstate Commerce Commission approved a 5 percent increase in rail freight rates after noting inflation affects railroads and other industries. The hike, pushed to June 20 to allow 15 days notice for shippers, originally aimed for early June with a possible 2 percent later request to Oct 1 under review.
Gen. Paul Stehlin former vice president of the French National Assembly is shown on Northrop Corp payroll for 7500 dollars a year. A Senate memo outlines his consulting work since 1964 and raises questions about payments and ethics amid revelations of his technical assessments favoring American aircraft over the Mirage F1.
New York AP compiles a long list of mutual funds and related securities prices. The compilation includes fund names such as Oppenheimer, Franklin, Putnam, American Funds, Scudder, Janus, and Janus related lines, with pricing figures and fund classifications, showing the breadth of offerings and current valuations.
Coffee producers and exporters from six Latin American nations demand a 62 percent increase in the world price of coffee to 65 dollars per 100 pounds, threatening to withhold exports if the London conference rejects the proposal. The move targets mild coffee, about 40 percent of world supply, with possible 10 cent per pound rise for consumers.
Official results show Britain voting to remain in the Common Market by about two to one in the first national referendum. With 61 of 68 districts counted, 68.1 percent favor stay and 31.9 percent favor withdrawal. The outcome reflects broad middle-ground support.
General Motors will suspend production at its Wilmington Delaware assembly plant for nine weeks starting June 13. Industry sources say the downtime funds GM’s tool up for a new minicar program.
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