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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 29, 1973
Page
15
New York reports a mixed day with declines, advances, and unchanged readings across many issues. The AP tally shows totals for sales and year-to-date figures, highlighting notable movements in Aetna Life, Air Products, Alcoa, American Motors, and Boeing among others with several price shifts and volume changes.
Chicago futures show live beef cattle, feeder cattle, live hogs and frozen pork bellies with mixed open, high and close figures. Substantial listing of Aug through Jun contracts, sales volumes for several commodities, and open interest figures accompany the price data.
Wool futures in New York advanced as commission-house buyers pushed prices higher. Australian wool auctions showed lower prices while New York markets ended the day with gains of about 1.5 to 4.0 cents.
Hogs 1 225-245 lb to 40.75 with some 40.60, 260-270 lb 39.50-40.00, sows 34.25-35.25. cattle 700 head with steers 46.00-46.25, heifers 45.00-46.00, cows 32.00-33.50, feeders 44.00-45.25. lambs 36.50-37.00. Friday receipts: cattle 600, hogs 4,000, sheep 100. Estimated totals included mixed listings and stock data.
NY AP reports Thursday bond prices with AT&T, ConEdis and US Steel figures. Also lists New York NY Bond sales totals, closing stock quotations and an array of mutual funds with bid and ask details from D. A. Davidson & Co. including Vanguard, Putnam and Fidelity groups.
New York market snapshot shows NYSE with 874 advances and 517 declines as overall activity weakens while Amex lists 429 advances to 283 declines. Trading totals indicate substantial bond and warrant activity, with wheat sharply lower in Chicago due to heavy liquidation hits. Corn and soybeans face trading limits or non trading in a unsettled session.
The Nixon administration seeks to curb Medicare growth by shifting costs to the elderly, cutting dental and vision coverage, raising hospital and doctor deductibles, and shrinking overall Medicare share. Critics warn higher charges could deter care and increase overall costs, arguing public opposition remains high.
Portland Oregon AP reports closing grain trading with No 1 bulk bid deliveries noted for wheat varieties and origins. Prices shown include Soft White 1 30 and 60 days at 3 15 and 3 15. Dark Northern Spring 2 90. Dark Hard Winter 2 94 2 88. Corn No 2 yellow Eastern 89 00 90 00. Oats No 2 Western 73 00. Barley No 2 Western 87 50 88 00. Grain sorghum 89 00. Receipts list Wheat 18 Barley 13 Flour 2 Feed 4.
Seattle wheat and barley prices listed with bids and asks. Cash wheat soft white 3.15n white club 3.15n hard winter 2.95n yellow corn bulk No 2 89.00 bid 91.50 asked barley bulk No 2 85.00 bid 87.00 asked Puget Sound car receipts show Wheat 69.00.
The New York stock market edged higher with a mild, volume-light rally. Dow Jones average rose 10.10 to 894.64 as NYSE advances led declines 874 to 517 in 1,747 issues. broad NYSE index finished up 0.56 at 55.04. United Airlines active block trades, Winnebago, American Telephone, and glamours posted varied moves amid mixed earnings outlook and Phase 4 uncertainty. NASDAQ and Amex also rose slightly amid thin turnover.
In Spokane area eastern Washington seeks to import alfalfa hay from South Dakota as dryland yields lag. Prices have surged from 25 to 50 dollars per ton. Transportation remains a major hurdle with truckers reluctant to haul hay over grain. Local irrigated hay from the Columbia Basin sold out, and second cuttings are uncertain due to dryness. Farmers with poor wheat crops are sacrificing substandard hay to feed livestock.
The Montana Select Committee on Gambling schedules its third interim hearing for July 21 in Great Falls. Bills before the panel range from wagering ban to broad legalization. Officials from New Jersey’s lottery and Nevada’s gaming industry will testify.
Montana wins federal approval for its alcoholism prevention and treatment plan. The $200,000 grant from the U S Health Education and Welfare will be managed by the Montana Department of Health and Environmental Sciences and distributed to community and Indian centers statewide.
Five pastors of the Montana Conference of Seventh-day Adventists preside over an ordained ceremony at Mount Ellis Academy near Bozeman. Elford Daniel Radke and Ronald Keith Russell of Bozeman and Thomas Lee Sanford of Shelby were to be vested with full ecclesiastical authority at the Friday 7 p.m. service witnessed by more than 800 attendees.
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