Galesburg Register-Mail from Galesburg, Illinois on June 7, 1973 · Page 31
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Galesburg Register-Mail from Galesburg, Illinois · Page 31

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Galesburg, Illinois
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Thursday, June 7, 1973
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Page 31
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InUHor Hog PHc#i SPRlNGFIKLD (UPI) - Jn* teflof hop: 16,000; fully 50, Instances 75, higher; No 1*2 200-230 lb 38.00, few 38.25; No 1-3 200-235 lb few 240 lb 37.&048.00, few 37.25; No 1.3 230-2BO lb 38.75-37.50; No 2-3 250-270 lb 30.25-37,00. Indianapolis Livestock INDIANAPOLIS (U P I) Livestock! tiogi 2,800 } 28 to mostly instances 76, higher; No 200-236 lb mostly 30.01 200-260 lb 38.25-30.00; 240-280 lb 37,76-38.50; 260-280- lb 38.76-37.75; 270-290 lb 38.00-30.75; 290-310 lb 35,60-38.28. Cattle and calves 100; enough to test market. Sheep 50; spring lambs 50 higher; lot choice and prime 39.60. No No No No No 50, 1-2 1-3 2-3 2-3 2-4 3-4 not Jollct Livestock JOL1BT, 111. (UPI) - Livestock: Cattle sales insufficient to establish market, «ogs 800; 50-76 higher; No 1-2 200-225 lb 39,00-39.50; No 1-3 200-260 lb 38,25-39.00; No 2-4 250-280 lb 37.50-38,25, Friday estimated receipts: 000 cattle, 800 hogs. Markets at a Glance By United Press International Stocks higher in slow trading. Bonds higher. U.S. government bonds slightly higher in quiet trading. American stocks higher in slow trading. Cotton futures mixed. Chicago grains futures lower. Cattle insufficient sales to establish a market. A Jewish boy reaches the age of mantood at 13, when he becomes Bar Mitzvah. Consumer Grain & Supply Co. Market may «!Ui«t 86 M> Of down by 1:30 p.m. v/Mn flftfll bid nrrlves. 11:30 O'clock bid. No. 2 Corn (old) $2.02 New Caw $1.75 No. 1 Beans (Old) $0.48 Chicago Grain Range CHICAGO (UPI) - Gtm rang;e: High Low Close Prev. 268V4 2AM MVi IWA 287% 267% 267% 277% 280 260 280 270 268^ 256'/ 4 256g2 266'/ 4 253 252 252 262 222 222 232 213'/* 2WA 22m 198% 198% 208% 198% 198% 208% 196 196 206 109% Wheat Jiy Sep Dec 'Mar May Corn Jly Sep Dec Mar May Oats Jly Oats Jly • 104 Sep 108 Dec 110 Soybeans Jly 1090 950 980 1010 Aug 1034 1034 1034 1074 Sep 853 853 353 893 Nov 610 597% 597V 2 637V 2 Jan 595 563% 563Va 603% Mar 588 557 557 597 May '588 549 548 588 Chicago Produce CHICAGO (UPI) - Midwest eggs: Prices unchanged to up 5; extra large 61 up 3; large 60 up 3; medium 57 up 3; standard 51 up 1; pullets 50 up 5; checks 50 unch. 222 15 204 203 201 Vi (old) 103% 103% 10 % (new) 102% 102% 1087s 104 104 110 108% 108% 112% Treasury Accounts WASHINGTON (UPI) Treasury accounts for the fiscal year through June 4: Withdrawals $255,234,200,558.85 Deposits 225,872,259,911.39 Cash balance 7,585,123,094.34 Public debt 452977,317,990.31 Grain Future* CHICAGO (UPI) - Wheat, corn and /Soybeans were substantially lower at noon today on the Board of Trade. Prices at Noon Wheat Jly 2.88V4 off 10 Sep 2,67% off 10 Dec 2,80 Off 10 Corn Jly 2.22 off 10 2.13% off 10 Dec 2.00V4 Off 8% Soybeans Jly 10.00 off 12% Aug 10,34 off 40 Sep 8.63 Off 40 Nov 5.97% off 40 'Slowdown In Economy Could Help* NEW YORK (UPI) - While evidence suggests the chance of some type of recession Is growihg, a slowdown In the economy might be healthy from a longer-term point of view, says Harris, Upham k Co.'s Market Interpretations. "Since the stock market functions as a discounting mechanism," the letter says, "it could Very well be in an uptrend if, in fact, a downturn in economic activity were to eventuate." Stockbroker Not Worried About Possible Recession By DUSTON HARVEY SAN FRANCISCO (UPI) Stockbroker Gerald M. Loeb, who predicted the 1929 crash in time to get his clients out of the market and managed to make money for them during the Great Depression, says he's "not that blue" about the current state of the economy, Business Today "Aside from the Gold Bugs [Who have been waitihg since 1945,or earlier to be right, there are few heroes among portfolio managers this year, professional Or Otherwise," says Reynolds Investment Commentary. Despite the negativism that has periodically dogged this year's market, the letter says bear markets have been interruptions to the long-term uptrend since the end of World War II and have not, for the most part, varied much in severity. And, it [assures investors, bear, markets end "when-the bear arguments make the most sense." "The first year of a President's second term is apt to be the year when people feel most discouraged," said the 73- year-old senior consultant for E.F. Mutton it Co, "He sets out to do the right things that he thinks best for the country without worrying about next year's election. The medicine is often unpleasant but makes us well. "Things are going to mend- if you look a year or two ahead —rather than the opposite," said Loefo, "I'm not that blue." Interviewed at his office in San Francisco's financial dis trict, Loeb said predictions of a possible recession in late 1973 or early 1974 don't bother him. Returns to California "I don't think most economists know what they're talking about," said the bald, white-fringed broker. "All you have to do is look at the forecasts they made six months or a year ago to know that." Loeb, who returned to his native San Francisco after MOM- Don't Forget Dad on Father's Day! Berkline® INNOATORS SPECIALS D«IUXB 3-Way Action Mechanlim for sitting, lounging, or full reclining,,, the ultimate In comfort I Modirn itylino...iupirior Berklini construction.,.hang'$o mi and durable. Choice of rugged vinyl, popular vinyl-fabric combination w decorator fabric. Klincks Phone 289-2226 FREE PARKING your Bum lime fURHIWM StORI •-Si of Knoxville The Friendly Town Store Hours: Mon-Tues.-Thur.-Fri. 9-9 Wed. 9-1; Sat. 9-5 New York Stocks NEW YORK (UPI) - Stock market midday prices: Admiral 9>/2 AlldChem 33V 8 Inland Stl 31% IBM 320V 2 Alld Mills 18V4 Int Harv WA AUd Strs 26 Int Nick 2dVs Allis Chal 8% Alcoa 59% Am Air 13»/s Am Can 33Vs Am Cyan 24Va Int Paper 34% Int T&T 34% Iowa P&L 22% Johns-Mn 22V4 Kennecott 24 Vz half century as "the Wizard of Wall Street," said the stock market wouldn't come out of its current tailspin until investor Confidence was restored. "Confidence is at a low level now, and deservedly so," he said. "The little guy, or average investor, feels he's been let down by the professionals managing his money. Managers of institutions and bank investment managers have gone through a bad experience and are now playing it safer, looking to the longer term. , Loeb's optimism extended to the current problems of the dollar which he blamed, in part, on five national adrrtinls trations which refused to let American currency "float" and set specific prices for gold. Sees Dollar Settling "You can't time these things, but stabilization of the dollar isn't far off," said Loeb, a short, round man who moved in and out of his chair frequently to locate reports and period! cals which illustrated his points. "When . the dollar settles down, many of them will be sjient in the United States, in real property first and then in investments and control of American corporations. The amount of travel that will be done by Europeans and others in the United States will increase; it will be a bargain for them. If I'm right, their investments will help the stock market, American business and property values in this country." Loeb said he had no fears of foreign takeovers of U.S. business. He conceded the oil- rich Arabs had the money "to do all sorts of things" and had "a lot to do with the weakness in the dollar." His prescription to curb the U.S. economic ills: —Increase domestic energy production. "Don't let the sb- called conservationists further delay the flow of oil from Alaska," and reverse the reduction of tax and other incentives for oil producers. —Allow interest rates to rise. "We're no longer In a closed- circuit economy where we can artificially depress rates; we're in a worldwide market and money goes where it. gets the best return." —Increase productivity. "We have a clash. Unemployment increases productivity by improving efficiency and eliminating feathetbedding. But wo have a mandate to reduce unemployment." ItARITAN — Mala Brokaw returned home June i from La- Harpe Hospital, where she had been a patient 10 days. Clara Levermore broke a collar bone last week when she fell at Macomb Manor, where she is a resident. She was hospitalized after the accident, but has since returned to the nursing home. Golesburg Reglster^Mgil^Ggltsbyrg, 111. Thursday, June 7, 197331 tlunlun Resident, Iktek alt tome FOR SALE A Good Under Mount ROTARY MOWER A S Ft. Woods In fioorl Shape with fioorl blades mid belts, Call Monmouth 734-7407 XUit 8 P.M. — WANTED — Building to tear down for Lumber Call After 5 P.M. 342*2780 READ THE WANT ADS! FOR SALE 1872 UTOPIA TRAVEL TRAILER Tandem wheel In excellent shape. Fully equipped. MUSt be seen to be appreciated. 342*3672 AmElPwr 26% Keys Cons 13 7 / 8 Am Mtrs 7Vs Am T&T 51V 2 Anaconda HVs Ashl Oil 27% Atl Rich 85% Avco 9% Bea Fds 23% Bendix 35 Beth Stl 29% Boeing 18 ] /s Borden 21 7 / 8 Cap C Bdg 36 Catplr 54V 4 Cejanese 30 7 / 8 Cen II Lt 22V 2 Cen Tel 22% Cessna 2AVa Chrysler 27 Cities Svc 44'/ B Coca Cola 142 Kresge 36V4 Kroger 16% Lib McN 4% Litton 8% Lockhd 6 '/4 " Mar Oil 30Vs Maytag 26% Merck 90% Minn Min 83 7 /a Mobil Oil 66% Monsanto 52% Nat Bis 43% Olin Corp 13 7 / 8 Outbd M 34V 4 Owens-Ill 32% Perm Cen 1% Penney 83 ] /z Pepsi Cola 80V 4 Pfier 43 P'hil Pet 49% Colum Gas 29%Procter G 102% Comm Ed 32 Quak Oat 35% RCA 28 Comsat 44% Cons Ed 23% Cont Can 26% Cont Oil 33 VA CPC Intl 43% Dana 30V» Deere 40% Du Pont 166*4 Eastman 132 Exxon 96 VA Falstaff 3% Firestone 19 Va Ford Mtrs 58>/s SO Ind 87% Fruehauf 27% Stvns JP 27% Rep Stl 25% Rcvlon 62% Safeway 29% St. Regis 37% SanFelnd 24 Sears 97% Shell Oil 49% Simmons 18 VA So Pac 30'A Sporry 39 Std Bds 52% Gam Sko 26% Gen Dyna 17 Gen El 60% Gen Fds 24% Gen Mtrs 68 N Gen Tel 28% Gen Tire 18% Goodrich 22% Goodyear 25% Greybnd 14% Gulf Oil 23% III Cent 18% 111 Pwr 28% Stude 35 Texaco 35% Tex Inst 94 VA Un Cart) 37% Un El 16% Utd Corp 8% US Gyps 21% US Stl 31% West Un 21% Wstghs El 34% Weyerh 57% Woolwrth 23% Out of BEAN SEED? PLANT O'S GOLD TX95-DAY CORN Call 742.8300 342-6854 772-3502 . DEALERS WELCOME The Howard Greenhouse 207 W. Martin, Abingdon, III. Phone 462-3830 WEEKEND SPECIAL 50% OFF ON ALL PLANTS FOR SALE OR TRADE For farm of any size, small home — big lot, North location, perfect sl2e for older couple. Dick Dohl Alexis, III. 482*3891 or 342-5234 WANTED Housekeeping Personnel Immediately Will consider all applications, Applyl In Person 565 W. Main St. FOR SALE BY eWHfcft $23,000.00 + We»t edge of city. •k V/ T Biofy- Hidlng, 8*e 3 bedrooms, alum. S. it 30 Ft. cedar paneled llv, tin., enrpeied, fireplace, flitting glai* door* io covered fiAllo. •k Paneled den or dining rm. •k Alr^Cond,, fenced yard, let just under acfe, landxeapod. For Appointment 343-8452 WANTED TO BUY SCRAP IRON (Will Pick Up) Junk Cars Removed D&D SERVICE 529-9431 529-9493 For Sale Acreage BEST BUY On Black fop Just South from Altona • 8 Acre tract has Utilities at 812,000 • 3 Bedioom Ranch —Carpeted, 2 car garage & basement, (2 baths, many extras on 2 afires landscaped and fenced. 530,000 • 3 Bedroom Tri-Level — Carpeted lg. beautiful family room, central air, garage & basement, patio, will sell for $33,500. Contract available, Call 484-5993 for Appt. Leo Hoger Broker, Auctioneer, Appraiser FOR SALE Woatl Bros. Steam Engines; Water Wagon and Blrdsell Clover Huller June 16 at 1 p.m. At The BOLLMAN FARM North at Viola TOM KILCOlN, Auctioneer, Preemption, 111. Ph. (309) 534 - 4781 Mrs. Marvin Bellman, Executor Far the Marvin Bollman Estate For Sale WOODED MOBILE VA to 1 Acre in Size All Utilities Included. I. 375-6712 WATAGA, ILL. READ THE WANT ADS! QUALITY w « $ 27 50 US Mags 14X7- -r$32.95 . 14X8- --$37,95 15X7. ..$.14,95 14X10 -$44,93 15X8- •-$44.95 15X4- .,$34.05 15X10 "$49.95 CRAGAR SS 14-6 $3495 14X6-~$34.0515X6—$34,98 14X7---$30,95 15X7-—$39.95 14X8---$44,95 15X8--$49.95 15X4— $39.95 15X10- -$59.95 CHROME REVERSE 14-9 Willi lug nuts $1495 • •• AUTO PARTS at TRUCKLOAD PRICES from: winners. Auto Parts CENTER POS-A-TRACTION TIRE CLEARANCE Sol® G60x14 $29* f V*' Mercantile Exchange CBIUAOO (UPI) Futures on the Chicago Mercantile Exchange today: High Low Close I'rev. Live Beef Cattle Jim 48.6t 47.00 47.45 47.20 Aug 47.07 46,00 46.75 46.80 Oct 46.90 45.85 46.55 46.65 Pou 46.07 45,00 46.25 46,70 Feb 47.00 46.27 46.55 46.87 Apr 46.50 46.15 46.30 46.45 J mi 46.52 46,20 46.30 46,50 Live Hogs Jun 40.45 30.55 40.40 39.80 Jly 41.00 39.60 41.00 40.45 Aug 39.63 38.15 39.50 39.30 Oct 38.20 36-80 88 .20 38 .30 Dec 38.65 37.30 38.60 38.80 Feb 38.70 37.85 38.60 39.15 Apr 37.25 36.00 36.75 37.50 Jlin 37.70 37.70 Jly 38.00 36.75 38.00 37.75 Vrocn I 'ork Bellies Jly 56.25 54.95 55,90 55,70 Aug 55.37 54.20 54.72 55.00 Fob 51.10 53.00 53.50 54.32 Mar 53.65 52.60 53.00 53.97 May 53.20 52.65 53.05 53.85 BATTERY TACHOMETER $29* ZOOOl CLUTCH DISC & PRESSURE PLATE (2800* pressure) with throw-out be&ring7 ©y ,y * TIRES 95 all LGO's OIL FILTERS $-J99 SPARKPLUGS | MOTOR O/l 39 <Jperqt >( , , m XINOAll, QUAKft, VAlVOtlNl AC . AultlH* • CQ Champion *J 7'm. • _ Resistor Plug 79? ea.| Rgging QjJ tff ' '" " SakDat*s:May31-June6 Gabriel' SHOCK ABSORBERS STANDARD $Jf99 RED RYDUR 6 9 W Njackers $J4^ SMcAtf '11°V HOW At FOUR Locations \&Qp8n every day d*9 Joliet Kankakee Peoria Salesburq OPEN SUNDAYS 27 E, CASS 251 S, SCHUYLER 804 MAIN 154 W. MAIN 'ft* M « A C D M (815) 727-6331 (815) 939-4573 (309) 674-6262 (309) 342-9161 . TPjrtm*

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