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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Aug 11, 1972
Page
27
New York stock closings show varied results across many blue chips and industries. Responses include gains for Exxon, IBM, and Ford while Du Pont and General Electric slip, with overall market direction influenced by inflation signals and corporate earnings.
A NASD Inc list on Thursday August 10 1972 shows bid and ask prices for mutual funds including Retna Fd Allstate Am Invest CHANNING FUNDS COLONIAL Dreyfus Franklin Vanguard United Funds and more. Notable entries include Crescent Fund values Col onial Growth and Income funds and Scudder and Shearson funds with varied bid ask spreads.
Selected stocks on the American Stock Exchange show varied quotes with Aerojet Aud Control ArkLaG and others listed. Dow Jones averages and Standard & Poor's indexes updated through noon with totals and daily changes, reflecting trading activity and market breadth.
Prices for cattle and hogs are listed with weights and ranges. Steers and heifers bring 32.00 to 35.00 per hundredweight, cows 28.65 to 29.15, with some declines noted. Oats and beans prices appear in the fragmentary market listing.
Markets at New York finish Thursday slightly higher in moderate trading. Bonds steady as U.S. Government bonds hold firm. American stocks inch up with a cautious tone amid quiet activity.
The Agriculture Department projects the U.S. corn crop at 4.95 billion bushels for the year, down 11 percent from 1971. Average yield is 86.6 bushels per acre based on Aug. 1 field conditions, with 86.8 last year. Government programs curbed acreages to reduce surplus grain as export prospects remain strong.
Wheat rose 3 to 4 cents on the Chicago Board of Trade as corn edged higher and oats and soybeans mixed. Traders awaited the USDA crop report and noted Russia’s reported large wheat purchases while outside markets also firmed.
New York prices edged higher on Thursday but failed to spark a rally. The Dow Jones average closed at 952.89, up 1.73, with 15.26 million NYSE shares traded as advancers led decliners 783 to 588. Analysts cited no major news and profit taking after a 28 point Dow rise over five sessions.
Market notes show cattle and hog prices with quotations for heifers cows and heavy hogs. Prices hover around 29 to 40 per hundredweight with rough stock listed near mid 20s. Yard conditions and ranges reflect typical midweek activity at Muncie livestock sale.
Quotations show cattle and sheep steady to one dollar lower. Steers traded 29.00 to 36.00, including choice 33.00 to 36.00. choice heifers 30.00 to 34.00, low grades 27.00 to 29.00. Canners and cutters sold 19.10 to 22.00.
Market notes show Lambs at 85 to 105 pounds trading around 27.00 to 29.00. Slaughter Sheep listed steady with prices 3.00 to 6.00. Calf, sheep and lamb markets operate on Thursdays only per market page.
The USDA estimates the Soviet Union may buy 250 million to 400 million bushels of US red wheat this year. Brokers and growers welcome the trade as a lift for prices, though housewives could face higher bread costs. Officials note potential long term gains from freer markets and subsidy reductions. Wheat futures rise on the news.
Wheat futures surged at opening on heavy demand as buyers sought regrades and reports of a Chinese delegation in the United States spurred buying. Prices later eased, then rallied again before profit taking trimmed gains by close. Corn oats and soybeans moved mixed with modest shifts in prices.
The Alexandria government grain bin will be offered at public auction Friday August 18 at 10 a.m. J D Thomson chairman of the Indiana State ASC committee notes inspection can be arranged through the Madison County ASCS office. Other government bins listed include Shadeland Tippecanoe County auction Monday August 21 at 10 a.m.
Final rites for 82 year old Mrs. Erma Ven drick will be held at 2 p.m. today at Calvary United Methodist Church in Huntington. Calling hours end at noon at Robbins Funeral Home in Huntington. Her daughter Mrs. John Hull of Anderson survives.
Funeral service for Mrs. Clara B. Snyder 87 is at 2 p.m. today at Leatherman Morris Funeral Home Tipton. Interment will follow at Arcadia Cemetery.
Harry J. Carroll 73 of 315 Park Ave will have funeral services at 1 p.m. Saturday at Baker Brothers Funeral Home with interment at East Maplewood Cemetery. Calling hours begin after 3 p.m. today at the mortuary.
Mayme W Rich 88 formerly of Havertown Drive receives funeral rites at 10 30 a m today at Harold E Rozelle Funeral Home. Interment follows at Memorial Park Cemetery.
Joseph Phillips Wilkinson 58 of Shirley died recently. His funeral and burial were conducted at the Condo and Funeral Home in Wilkinson with interment at McCray Cemetery nearby.
Frankton saw mill to be displayed August 17 in the machinery field on the north side of the track at the Indiana State Fair.
Multiple auctions listed for Aug 12 across Indiana towns including Middletown Pendleton Cicero and Alexandria with sales of farm machinery livestock antiques tools and household goods. Auctions led by James C Bradley Lewis Smith Morgan Terrell Clyde N Tharp and others at varied addresses and times.
The Morano family expresses gratitude to the Baker Brothers and Rev. Austen along with friends and relatives for their kindness and thoughtfulness during the sudden death of Charles Morano Jr.
A collage of ads and notices including Yeagley Photography contact info, carpet cleaning offer, drugstore and counseling lines, divorce homebuying tip, clothing and drapery shop, moving notices, flower shop instruction, hobby shop, flooring, AA box, church listing, meditation program, smorgasbord, restaurant directions, lost and found items, barber shop, roofing, yard work, typing service, cement and roof work, furniture repair, and landscaping services. Endorses local businesses and community services with phone numbers and addresses.
Cliff's Barber Shop offers haircuts at 9731 Delaware with Saturday hours from 10 to 5 and 12 to 8 on 29th Street School block. Pricing listed as 125 dollars for services.
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