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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Aug 28, 1956
Page
15
New York stock market paused after a two day rise as prices fell across many issues from $1 to $2. Trading volume was 1,420,000 shares, near the 1968 record low. The Associated Press average slipped to 184.50, with industrials down 1.70, rails 1.30, utilities 0.10. early gains faded through the day.
Chicago area cattle prices surge as steers reach new yearly high of 3195 with gains up to 75 cents. Receipts slump to 18 900 head while cattle sold across grades with primes at 26.00 to 30.00 and lower grades from 19.50 to 25.50.
The report outlines a subdued bond market with rails and low yield issues at year lows, while industrials held. utilities rose slightly. A public notice from Madison County Indiana details taxpayers' rights and upcoming hearings on appropriations for school improvements and site work, with dates set for September and August.
Stocks mostly fell on the day with losses led by chemicals metals and rails. Trading on the American Stock Exchange totaled about 1.03 million shares, up from roughly 0.19 million on Friday, as prices slipped across major sectors.
Market prices listed for poultry and grains show Ole Biasters Leghorn Hens with Fame soybeans and new wheat futures. Oats and rye quoted at 1.39 with a 120 reading.
Hogs were steady to 24 cents lower with various weight ranges listed. Cattle showed good to choice steer and heifer with prices around 11 to 20 dollars, cows near 11, bulls 12 to 14. Calves steady at 15 to 21. Lambs steady at around 20, with crops and slaughter sheep noted down. Textile market also steady with selling noses and converter interest, wool goods quiet, and demand shifting to Australian stock words.
London based paper printed a private meeting story between Adlai E Stevenson and former President Truman from the Democratic National Convention in Chicago. The exchange showed Stevenson’s reluctance to forgive past divisions while Truman pressed to help, with both men voicing hard lines on reconciliation and party unity.
Midwest heat spurs selling in nearby corn and soybeans with September futures down over four cents while May and July wheat rise. Weather favors rapid crop maturity prompting more supplies. September soybeans' premium over November narrows to about a cent and soybean oil hits a yearly low.
An old OCR auction list outlines sales by various auctioneers including Kirk, McChidock, Hood, and Morgan. Listings show real estate, farms, cattle, and household items scheduled Sept and Aug in towns like Anderson, Pendleton, Elwood, and Alexandria with locations on streets and roads and times around 9 AM to evening.
South Carolina Democrats meeting Monday chose to back the regular party slate amid civil rights debates and the Stevenson Estes ticket. Governor George Bell, local leaders, and party organizers urged unity while noting an overstock in broiler supply and price pressures affecting agricultural policy.
Purdue expert Joe Vandemark says summer apples totaling about 25 000 bushels will be available with varieties including Dutchess and Summer Rambos. Homemakers are advised to choose two and a half inch diameter apples with moderate red streaks for best quality and minimal waste. Also warn against small immature fruit and bruised or shriveled apples. July suggestions include cabbage greens beets green beans cantaloupe and watermelons arriving soon. In Indianapolis a $330 damages claim was filed by Hererald Brien Gary Ault of Selma against the Indiana and Michigan Power Co for injuries from touching a bare electrical wire four years earlier. A Southern Railway freight train killed dacod Ternolds 2 of Lincoln City on Saturday night.
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