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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Aug 29, 1962
Page
12
DuQuoin Illinois AP reports a strong Hambletonian field for Wednesday worth 116,612 with Safe Mission as a standout contender among 2 year olds though hampered by a prior injury. The group shows depth and potential for a competitive finale.
Harness action at DuQuoin and Vernon Downs features Safe Mission and AC's Viking in top form as fans eye Hambletonian contender success. News notes with stock market swings and local football prep, listing preparations, tickets, and community events around Madison Heights and Anderson.
Scattered late buying lifted grain futures into a steady to firm range on the Board of Trade while soybeans faced consistent pressure and fell for the third straight day. feed grains held near prior closes with corn showing sharper losses and hedging pressure easing.
New York AP report shows a broad market selloff with many leading issues falling and some steadying near session lows. Trading was moderate as stop loss orders triggered further declines in IBM National Gypsum Chrysler and U S Steel.
New York AP report surveys analysts on how far the market rally can run. Kidder & Co notes Dow Jones High industrial average neared a two month peak before a near 100- point drop, sees rally not yet a new bull trend. Market conditions show mixed grades and volatile lean-cut cattle pricing from 14.17 to 18.75 per hundredweight.
CHICAGO AP The hog market finished weak to 4 cents lower per hundredweight after a steady start with moderate demand. Slaughter steer prices rose 25 to 50 cents with mostly prime offerings around 1,200 pounds bringing 30.50 dollars for 1,150 to 1,350 pounds. good to choice sold at 25 to 20 dollars BRIA volume.
Optimistic economists see limited near term gains as Dow P E ratio sits near 17.5. Cattle and hogs show firmness and mixed grades while rubber production rises globally. a Fortier Louisiana methyl methacrylate plant is planned by American Cyanamid with 40 million pounds annual capacity. Local grain and poultry markets list bid prices for corn wheat oats soybeans and poultry products.
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