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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Apr 28, 1978
Page
24
In Indianapolis across AP USDA quotes the cattle market shows mixed activity with varied weights and prices. Moderately active trading, steady to higher on lighter cattle, with several lots around 20 to 25 over and some mid-40s to mid-50s noted in the report.
Precious metals futures reversed a recent downtrend on renewed dollar weakness and stock-market activity. Gold rose $2.30 to $171.80, while silver gained 3.2 to 4.2 cents per ounce. Soybean futures surged on late buying amid tech-driven demand. corn and wheat also rose amid mixed grain activity.
New York stocks faced a broad setback as fears of tighter credit weighed on sentiment after a two week rally. The Dow fell 10.05 to 826.92, with volume 35.47 million on the NYSE and declines outpacing advances more than 21 to 1. S&P indices also dropped, blue chips eased, and Xerox slid despite a prior earnings boost.
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