Galesburg Register-Mail from Galesburg, Illinois on May 1, 1973 · Page 22
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Galesburg Register-Mail from Galesburg, Illinois · Page 22

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Galesburg, Illinois
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Tuesday, May 1, 1973
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22 ngdlesburg Register-Moil, Galesburg, Tuesday, May 1, 1973 Market Reports Today GALESBURG ORDER BUYERS BurUAgtoa Nofttera Stockyardi Market: fully 50c higher. No. 1-2: 200-230 $34.75-$35.00 Quotations: NflPM: 200-230 |34.60-$34.75 No. 14: 230-280 $33.75-$34.50 No. 2-3: 260-300 $32.00-$33.75 Packing Sows: $29.75-131.25 CHICAGO STOCKYARDS ATKINSON MARKET -HOGSVolume: 2,200. Butcher Trend: opened 25c higher, closed steady. No. 1-2: 200-225 $36:00-$36.50 No. 2-4: 200-240 $35.50-136.00 240-270 $34.75-$35.75 280-300 $33.75-134.50 Sow Trend: 50c higher. 300-500 $31.75-$33.25 —CATTLE— Volume: 300. Market Trends: Steers: 25c higher; Heifers: 25c higher. Slaughter Steers: Choice 950-1150 $44.00-$45.40 1150-1300 $43.50-$45.00 Mixed Good and Choice 950-1300 $42.00-$43.50 Slaughter Heifers: Choice 900-1050 $44.00-$45.15 Mixed Good and Choice 800-1000 $42.50-$43.75 Cows: Utility and Commercial ...$30.00-$33.00 Cutters $27.00-$31.00 Canners $25.00-$27.00 Bulls: Utility and Commercial ... $30.00-$35.00 44.50; good 41 .00-49 .00; choice heifers 75O -1000 lb 43.00 -44.00; mixed good and choice 41.5043.00; good 30 .00-41.50; choice vealers 55.00-60.00; good 51.0055.00. Sheep 50. ST. LOUIS (UPI) - Missouri produce: Eggs consumer Grade A large 3949, medium 35-45, small 2335; B large 34-45. Hens ice-packed broilers and fryers 38.50-40.50 for this week's delivery. St. Louis produce: Eggs wholesale Grade A large 28-36, standard 22*26, medium 26-34, unclassified 8-10. Constttncr Grain & Supply Co. Market .may cither go up or down by i:30 p.m. when final bid arrives. 11:30 o'clock bid. ^ GALESBURG GRAIN MARKET No. 2 Corn (old) $1.63 New Corn $1.53 No. 1 Beans (old) ....$7.60 New ....$4.50 Grain Future* CHICAGO (UPI) - Wheat, corn and soybeans were substantially higher at noon today on the Board of Trade. Prices at Noon Wheat 2.46 Joliet Livestock JOLIET, 111. (UPI) - Livestock: Cattle 300; insufficient receipts for market test; 1 load low choice steers 45.25; few other choice 45.00-45.50; choice heifers 44.75; no canner or cutter cows. Hogs 700; steady to 50 higher; No 1-2 200-225 lb 36.00-36.50; No 1-3 200-250 lb 35.25-35.50. Peoria Livestock PEORIA, 111. (UPI) - Live stock: Cattle 400; steers and heifers steady to strong; choice steers 45.00-45.75; good and choice 44.00-45.00; choice and prime heifers 45.00-45.25; choice 43.5045.1)0. Hogs 3,000; mostly 75, in stances, 1.00, higher; No 1-2 200230 lb 36.25-36.50, 175 at 36.30; No 1-3 200-250 lb 35.50-36.25; No 2-3 250-270 lb 35.00-35.50. 270-290 lb 34.00-35.00, 290-330 lb 33.00 34.00. Interior Hog Prices SPRINGFIELD (UPI) - In terior hog9: 23,000; 25 higher; No 1-2 200230 lb 35.00-35.25; No 1-3 200-230 few 240 lb 34.75-35.00, few 34.50; No 1-3 230-250 lb 34.00-34.75; No 2-3 250-270 lb 33.50-34.00. St. Louis Livestock ST. LOUIS (UPI)-Livestock: Hogs 5,500 ; 75 to mostly 1.00 higher; 150 head No 1-2 200-230 lb 36.25; No 1-3 200-240 lb 35.5036.00; 240-260 lb 35.00-35.50. Cattle 1,200; fairly active slaughter steers steady to 50 higher; slaughter heifers fully steady; high choice, few prime steers 1100-1150 lb 45.50-45.75; choice 950-1125 lb 44.50-45.25; mixed good and choice 43.00- Wednesday e s t i m a t e d receipts: cattle 1,800, hogs 800. Indianapolis Livestock INDIANAPOLIS (UPI) Livestock: Hogs 1,700 ; 50 - 1.00 higher; late mostly 50 up; No 1-2 200-240 lb 36.00-36.50 ; 39 head 36.75; No 1-3 200-250 lb 35.50-36.25; No 2-3 230-270 lb 34.75-35.75; No 2-4 260280 lb 34.00-34.75; No 3-4 280-300 lb 33.00-34.00; few 300-330 lb 32.00-33.00. Cattle and calves 600; steers and heifers steady to 25 higher; choice steers 44.50-45.75; good and choice.44.00 - 44.75; good 41.25-44.00; choice heifers 44.0044.50; good and choice 42.7544.00; good 40.50-42.75. Sheep 75; lambs steady; choice spring 36.00; good and choice shorn 34.00-35.00. Chicago Produce CHICAGO (UPI)-Oheese: Processed loaf 70.25-79; Cheddar single daisies 76.50-80.25; Swiss blocks 80-100 lb rade A 89-91, B 87-89. CHICAGO (UPI) - Midwest eggs: Weak; prices unchanged to off 6; extra large 47 off 6; large 47 off 6; medium 45 off 4; standard 41 off 3; pullets 30 off 3; checks 33 unch. May Jly Sep May Jly Sep Dec May Jly Aug Nov 2.36 up 3V4 up 2% 2.35Y4 up VA Corn 1.71% up 6ft 1.70% up 5% 1.70y4 up 5% 1.69% up 6Va Soybeans 7.85 up 36% 6.93% up 15 6.67% up 15 4.73% up 15 New York Stocks NEW YORK (UPI) - Stock market midday prides: Mercantile Exchange CHICAGO (UPI) - Futures on the Chicago Mercantile Exchange today: High Low Close Prev. Live Beef Cattle Jun 44.55 44.05 44.50 44.45 Aug 44.45 43.95 44.20 44.32 Oct 43.90 43.35 43.82 43.70 Dec 44.10 43.65 44.02 43.97 Feb 44.35 44.07 44.35 44.22 Apr 44.20 43.90 44.20 43.97 Live Hogs Jun 37.60 36.80 37.02 37.25 Jly 38.05 37.32 37.45 37.75 Aug 36.92 36.35 36.45 36.80 Oct 35.25 34.60 34.87 34.82 Dec 35.70 34.90 35.30 35.12 Feb 35.75 35.02 35.60 35.35 Apr 33.95 33.40 33.80 33.70 Frozen Pork Bellies May 54.62 53.95 54.05 54.80 Jly 54.80 54.15 54.35 54.65 Aug 54.50 53.65 53.90 54.20 Feb 52.80 51.05 51.85 51.40 Mar 52.20 50.82 51.35 50.85 May 50.90 51.50 50.65 Admiral 10% AlldChem 33% Alld Strs 24% Allis Chal 9y« Aleoa 56V4 Am Air 17% Am Can 32 Am Cyan 25% AmElPwr 26 Am Mtrs By* Am T&T 51% Anaconda 19% Arlans 1% Ashl Oil 26V4 Atl Rich 77% Avco 10% Bea Fds 25% Bendix 38% Beth Stl 29 Boeing 17% Borden 21% Inland Stl 33% IBM 403 Int Harv 28 Int Nick 2m Int Paper 35 Int T&T 31% Iowa P&L 22% Johns-Mn 22% Kennecott 27% Keys Cons 15% Kresge 37V4 Kroger 18 Lib McN 4% Litton 8% Lockhd 6% Mar Oil 34% Maytag 32 McD Dgls 34V4 Merck 88 Minn Min 76% Mobil Oil 66% Cap C Bdg 45% Monsanto 52% Catplr 62% Celanese 33% Cen II Lt 22% Cen Tel 21% Cessna 24% Chrysler 31% Cities Svc 48 Coca-Cola 137 Nat Bis 46% Olin Corp 15% Outbd M 36 Owens-Ill 33% Penn Cen 2% Penney 80% Pepsi Cola 83% Pfizer 39% Federal Deficit $5 Billion Le$p Than Predicted WASHINGTON (UPI - The economy is producing so much unanticipated tax revenue that the federal deficit this fiscal year will be $5 billion less than predicted in January, Treasury Secretary George P. Shultz said Tuesday. Shultz told the House Ways and Means Committee the deficit for fiscal 1973, which ends June 30, will be $19.8 billion, instead of the $24.8 billion foreseen in January. Furthermore, he said, the deficit for the following fiscal year Will be $7 billion less than foreseen—$5.7 billion instead of $12.7 billion. His estimates were based on the assumption that federal spending will be held within the limits set by President Nixon's budg£ts-$249.8 billion in the current fiscal year and $268.7 billion In fiscal 1974. Colum Gas 30% Phil Pet 45% Comm Ed 32% Procter G 98 % ControhDevice anies To Buy Up Move By LEROY POPE NEW YORK (UPI) - About two score companies listed on the New York Stock Exchange have bought up almost five million shares of their own stock in recent months. Why did they do it? Business Today Chicago Grain Range Higfl-Low-CIose-Prev. Acreage For Sole 20 Acres — 3 bedroom house, 1 year old, South of Oneida. ROVA District APPRAISED $34,500.00 375-6721 AFTER 5 FOR SALE ' For Reasons of Health WELL ESTABLISHED PLUMBING BUSINESS Write Box 833 e/o Galesburg Regiiter-Mall WANTED All Kinds of CARPENTER WORK Phone 342-5848 Anytime DRIVEWAYS TO ROCK 343-4584 or 343-6419 BACKYARD SALE 756 ARNOLD WED. & THUR. 9 a.m. — 5 p.m. Ia Case of Rain Held Inside Lo.ts of nice clothes for everyone, nic nacs, etc. CONCRETE Expansion Joint V", W, 1" GALESBURG Builders Supply Co 600 E. MAIN STREET Phone 342-4155 Wheat May Jly Sep Dec Mar Corn May Jly Sep Dec Mar May-74 Oats (old) May 95 Jly 98 Oats (new) May 95 Jly 99 Sep 100 Soybeans May Jly 252% 239 239 242% 243Y4 227^ 227y 2 233V 4 243 229 229 233 243 224 224 233V 2 242% 229V4 229V4 233 173% 169V4 173% 165% 173% 168 172% 168 171% 167 174% 170 176% 170 169% 165 169V4 164% 168% 163% 170% 166% 170% 168% 90% 95% 91 % 97% 91 ] / 4 96% 91 97 98% 90% 95 90% 94% 96% 799 760 774V4 748% 693V4 693V4 693V 4 678 '/4 Aug 667% 667% 667% 652% Sep 568% 568% 568% 553% Nov 473% 466 470% 459 Jan 473% 466% 467% 499 Mar 475 467 467% 460% May-74 474% 466 467% 459% Comsat 46 Cons Ed 24% Cont Can 28 »/4 Cont Oil 33% CPC Intl 29% Dana 35% Deere 37% Du Pont 167. Eastman 133% Exxon 95% Falstaff 4V 4 Firestone 21% Ford Mtrs W* Std Bds 51% Fruehauf 28% SO Ind 85 Quak Oat 36% RCA 26% Rep Stl 28% Revlon 58% Safeway 32'/ 4 St. Regis 39% SanFelnd 25% Sears 96% Shell Oil 47% Simmons 20% So Pac 33% Sperry 38 Gam Sko 27% Gen Dyna 19 Gen El 58y 4 Gen Fds 25% Gen Mtrs 71% Gen Tel 27% Gen Tire 20% Goodrich 24y 4 Goodyear 25% Greyhnd 15V* Gulf Oil 25 111 Cent 20 111 Pwr 29% Stvns JP 29y4 Stude 45% Texaco 39% Tex Inst 167 Un Carb 40% Un El 17% Utd Corp 8% US Gyps 23V* US Stl 32 West Un 24y 4 Wsths El 31% Weyerh 53% Woolwrth 20% Treasury Accounts WASHINGTON (UPI) Treasury accounts for the fiscal year through April 26. Wthdrwls $226,569,271,650.53 Deposits 202,469,372,076.83 Cash balance 14,481,841,814.58 Public debt 456,920,092,878.07 Internal revenue collections on April 26 were $1,882,513,356.19. Dow Jones Averages NEW YORK (UPI) - Dow Jones 1 p.m. CDT stock averages 30 indus 20 trans 15 utils 65 stocks 918.50 off2.93 183.23 off0.96 107.30 up 0.10 288.44 off0.86 WANT ADS BRING RESULTS! EXCELLENT NORTH LOCATION NEW SANDLER-BUILT BRICK and FRAME 3 bedrooms, fully carpeted, full dry basement, large double attached garage. Large trees and nicely landscaped. $31,500 Ph. 343-4907 or 343-5138 •9 NOTICE As of this date, April 30, 1973, I, Lloyd R. Ledbetter, will not in any way whatsoever be responsible for any child or anyone's children that are hurt from climbing trees, fences, riding mini bike or bikes of any kind whatsoever or anything of any kind on my property. Lloyd R. Ledbetter 740 Whiting Ave., Galesburg, III. Production Workers Needed Equal Opportunity Employer • Good Working Conditions • Good Woge Rotes • Poid Vocations and Holidays • Paid Insurance Apply At — 801 No. MAIN ST. ABINGDON, ILL. BRIGGS Effective Wed., May 2 CUR SERVICE and PARTS DEPARTMENTS WILL BE CLOSED WEDNESDAY EVENINGS. PARTS DEPARTMENT OPEN SATURDAYS TILL 12 NOON 2195 N. HENDERSON GALESBURG GALESBURG REGISTER-MAIL BACKYARD SALES Garage, Patio, Driveway, Basement, Front Room, Private Household Sales and all other sales of this type must be in our office by noon the day before jpd is to be published. DISPLAY ADV. — Phone 343-7181 '100 REWARD For Information Leading to the Arrest and Conviction of PERSON or PERSONS Removing or Damaging SEASTEDT REALTY "FOR SALE" or "SOLD" SIGNS SEASTEDT REALTY Phone 343-6162 Soybean Prices Reach New High CHICAGO (UPI) - Rainy weather in the Midwest again drove soybeans futures prices to new, all-time highs today at the opening of the Board of Trade. The May contract opened at $7.65 per bushel and about one hour later was traded at $7.72, 23% cents higher than Monday's close. With limits off the May contract the fluctuation during Monday's business showed a gain of Wi cents over Friday's closing price. The change is be lieved to be the greatest in a single day in this commodity in its history of trading on the board. FOR SALE 1206 International Tractor Good Condition Phone 343-2576 Call Evenings Open Every Wednesday NEW SPRING ITEMS Wataga Congregational THRIFT SHOP NEW ITEMS EACH WEEK Old North School Baseman! 10 a.m. - A p.m. BEAT INFLATION EARN 1 Year Certificate Notes | 1500.00 Minimum 125,000.00 Maximum For Information Write! to Post Office Box 379, [ Galesburg. It's not an easy question to answer. Perhaps several hundred companies listed on other exchanges or whose shares'are marketed over the counter also have bought up some .of their own shares. This happens every few years when stock prices seem to be low in comparison with the general level of business operations and company earnings. They Are Bargains That would indicate the companies are buying their own shares simply because they are bargains at current quotations and undoubtedly this often is the case. Stock purchased at attractive prices can be held in the company treasury and later used in acquisitions perhaps at higher prices or can be used to satisfy the need of employe plans. There are limitations on this. Under the tax laws such acquired stock must be held in the company treasury two years before it can be used in pooling of interest merger. If the stock is used in a merger before then, the tax officials BASEMENT SALE 448 West Tompkins WEDS., MAY 2 Clocks, dishes, clothes (all sizes), sheets 8c bedspreads, curtains, vacuum cleaner, new Avons 8c misc. — All Cheap. BACKYARD SALE 1452 WILLARD WEDNESDAY, MAY 2 8:30 — 4:30 Clothing, curtains, rugs, dishes, toys, typewriter, lots of misc. items. -"' COUNTRY LIVING AT ITS BEST 15 Minutes from Galesburg 3 BEDROOM 4 Year Old Ranch Spacious, on 2 landscaped acres, fenced. Beautifully carpeted and draped. Large double attached garage. 2 ceramic tile bathrooms. Full dry 20 ft. panelled basement with built-in bar. NICE . . . VACANT @ $30,500 LEO HAGER Broker - Auctioneer - Appraiser Phone 484-5993 SIDING ALL TYPES FOR LESS ALUMINUM • STEEL • VINYL WHY PAY TOO MUCH? We will bea« arty LegUimaln price including 1 Sale Price! CALL COLLECT [309)342-5758 OR MAIL COUPON WARREN COUNTY LIVESTOCK AUCTION SALES, INC. LIVESTOCK AUCTION EVERY THURSDAY STARTING PROMPTLY AT 12 O'CLOCK NOON GARALD B. FISHER, MANAGER Phones: The Barn: 734-2916 Garald Fisher 734-6611 Marvin Haase 734-3937 Advance Listings For THURSDAY, MAY 3, 1973 28 Angus cows 3 to 8 years old, % or more with calves at side, balance heavy springers bred to Angus bull, one man's entire herd. 32 Angus cows 4 to 8 years old, preg. checked to calve in May and June. 19 Choice mixed steer and heifer calves, light wt. 27 Good to choice native mixed steers, wt. from 600 to 750 lbs. 29 Choice Angus steers, wt. from 675 to 850 lbs. 300 Fancy York. Hamp. cross Shoats, wt. from 55 to 80 lbs. 68 Hamp. Shoats, wt. around 100 lbs. Warren County Livestock Auction, Inc. MONMOUTH, ILLINOIS Located 2 miles north of Monmouth on Route U.S. 67 Phones: The Barn, 734 2916 Garald B. Fisher, 734 6611 Marvin Haase, '34-3937 Area Code 309 treat it as if it were cash and that may create a substantial tax liability. One or two states also forbid holding treasury stock and require that all reacquired stock be retired. Frequently, the real reason a company buys up some of its own stock is not readily apparent. Can Be Control Device In a small company, such a move can be a device by which management strengthens its control, Company funds are used to reduce the number of voting shares outstanding temporarily—treasury stock can't be voted—and make the voting strength of the shares held by management greater. In a big company that would be mathematically impossible. Buying up shares sometimes is a way of saving money on bookkeeping. The company instructs the broker to buy only WANTED Custom Plowing EVERETT BREINER Knoxville - 289-4437 small offerings of its ghtret. In that way, It gets fid of v#ry small stockholders* Sometimes a company buys its own stock simply because it has money to invest and can find nothing more attractive than its own shares. Critics of stock repurchases claim they amount to a partial liquidation of the company. If the company has surplus funds, these critics say, they should be passed on to all existing shareholders in the form of dividends. WANT ADS BRING RESULTS! JOHNSON BLACKTOFf INO DRIVEWAYS, PAMltma AREA! k itO. Phone S76.2291 For FREE Estimates Out termite inspection is on the house. BACKYARD SALE Wednesday, May 2 1:30 — ? 1116 SKINNER Baby clothes, Avon bottles, petite dresses, size 3, and misc. items. Sewer Pipe CONCRETE & CLAY 4" to 24" GALESBURG Builders Supply Co 600 E. MAIN STREET Phone 342-4155 We've been fighting termites for 40 years. And finding them. Unfortunately/ you may have termites now. We can let you know with an inspection that's thorough, dependable and free. If we find you do have termites, we'll get rid of them tvith our professional and inexpensive process. Just call us: 3424137. Well make sure your world doesn't come crashing In on you. SIMPSON-POWELSON LUMBER CO. 151 S. Prairie Real Estate Auction In order to settle the estate of H. Gilbert Thompson, deceased, we will offer at public sale the following described real estate located in Kirkwood, 111. on Saturday, May 5, 1973 Beginning at 1:30 P.M. Sal* to be conducted ai the U.S. Post Office on Main St. in Kirkwood, 111. Said Real Estate may be described briefly as Sixty-Four (64') feet off of the South end of Lot Five (5) and a strip of land approximately Sixty-Two (62') feet by Sixteen (16') feet in the Southwest corner of Lot Six (6) in Block Twenty-Three (23) in the old town Plat of the Village of Kirkwood, formerly Young America, Warren County, 111. The nice brick building is now leased to the United States Postoffice. It has been completely remodeled in the past 2 years and is in top condition. The adjoining lot would make a nice corner building site. Kirkwood has been growing in recent years with many new homes built and new businesses are on the drawing board. TERMS 15% of purchase price will be payable day of sale with balance due upon delivery of said Deed in approximately 10 days. Title Ins. furnished in the amount of the accepted bid. The successful bidder will be assigned the rights, and assume the obligations of the landlord under the U.S. Post Office Department rental agreement, entered into by the decedent under date of Nov. 25, 1965 as modified by an Exercise of Renewal option dated April 20, 1972. HOTTLE «r SPEARS Executors of the last Will It Testament of H. Gilbert Thompson, Deceased: DOROTHY RUSK MILDRED THOMPSON The premises may be inspected and the fully legal description and information concerning the lease & renewal thereof by contacting Wm. A. Porter, 734-7695. Attorneys Auctioneers: WM. A. PORTER, and ED. BURNS - CORRECTION MERCER COUNTY LIVESTOCK AUCTION VIOLA, ILL. SPECIAL STOCK COW & FEEDER CATTLE SALE Wednesday, May 2, 1973 10 Mixed stock cows 20 Angus steers & heifers — 400 16 Angus and Bl/Wf steers and heifers — 500 10 Crossbred heifers — 550 150 Mixed steers and heifers — 300-800 20 Good Gilts bred to Hamp boar to start farrowing May 8 60 Mixed pigs — 45 50 Mixed pigs — 65 If you have livestock to sell, give us a call. All classes have remained very active through these changing times. Especially good demand for light feeder cattle and feeder pigs. 9:30 A.M. — Fat Cattle 12:30 P.M. — Sheep, Hogs 2:00 P.M. — Feeder Csttle Mercer Co. Livestock Auction Home of Locally Consigned Cattle. For Further Information, Phone Office Phone 596-2125 - Home 667-2218, Day or Night RONALD DOUBLER • Manager

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