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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 11, 1962
Page
11
Wheat eased on the day while corn and oats drew support from cold Midwest forecasts. Soybeans fell late as oil and meal markets weakened. Cash corn demand stayed active amid expectations of heavier feeding needs, with short covering helping late strength.
Multiple sales listed including a dairy dispersal near Ford Garage in Middletown with Charles B. Riffey and Lola Strickler as sellers and Morton McShurley & Wayne Pheanis as auctioneers. Also public sale near Muncie featuring Holsteins hogs sheep feed and tools and a real estate and household goods sale in Indianapolis area executrix Naomi Smith.
Quotations list shows bid and ask ranges with implied spread. The report notes that figures in brackets indicate the higher figure was asked while the lower was offered, reflecting market depth.
HOGS STEADY 190 to 240 pounds 16.50 to 17.00. 240 to 300 pounds 15.00 to 16.25. Under 240 pounds 14.50 down. CATTLE STEADY Good steers and heifers 23.00 to 27.00. Choice steers and heifers 27.00 to 30.00.
New York stocks slid for the day marking the steepest decline in seven weeks as profits were booked after a six week rally. The Dow fell 7.02 to 645.08 with 944 declines and 200 advances among 1,320 issues. Polaroid and Chrysler were among the heaviest traded names as volume rose on the NYSE and AMEX.
The 200 ton Dutch coastal freighter Hendrik B ran onto rocks off Haernosand's northeast coast and sank in high seas. Five crewmen abandoned ship and were rescued by a pilot boat. no injuries were reported.
Purdue economist M Paul Mitchell reports cattle prices stayed strong in late November with steer prices at Chicago averaging above 30 dollars, a 10 year high. Demand factors include population growth incomes and beef preference while fed cattle slaughter is up slightly but marketings lag last year. Hog prices hold around 17 dollars as lamb prices stay at 20 to 21 dollars with winter strength expected.
Market halts at 2 p.m. and arrivals after closing go to the next day. Prices span bears, steers, heifers, cows, bulls, calves and slaughter sheep with ranges from 10.50 to 32.00 dollars, noting weights from 200 to 330 pounds and down.
Notes from Farm Bureau indicate market closings on Saturdays with a 1 PM finish. The scene lists new corn at 70 pounds and new beans priced at 2.33.
Hog prices at Indianapolis Monday showed firmness with No 1 and 2 hogs of 190 to 225 pounds 25 cents higher. Prices ranged for barrows, sows, steers, heifers, cows, bulls, calves, and lambs, with and without load lots, reflecting broad stability in most classes and gains in lambs and some cattle categories.
Five railway brotherhoods debated Monday whether to file another federal appeal to stop anti featherbedding work rules from taking effect. They were rebuffed by the Court of Appeals November 28 and have until Wednesday to act. The change could eliminate about 65,000 jobs, with the largest loss among diesel locomotive firemen in freight and yard service.
Aaron Smith of Indianapolis lost a Indiana Supreme Court appeal challenging his 1960 conviction for a 1958 purse snatching. The case centered on whether waiving a jury trial violated his constitutional rights and whether prejudice influenced the prior attorney’s advice.
Defense Secretary Robert S. McNamara departs for London and Paris to press Skybolt missile decisions and increase Allied defense spending. London reactions mix with fears Britain could lose independent nuclear status. Paris prepares to press higher conventional arms outlays ahead of NATO ministerial talks.
Hog prices topped at $18 as demand ran fairly strong for a small Monday supply. About 20 head, mostly No. 1, hit the bid while larger lots 8,000 head traded $17.25 to $17.75. heavier mixed lots sold $15 to $17 with 300 lb offerings. Cattle volumes were 20,500 head with steers steady to 50 cents lower. prime grades limited to $32.25 top and $28.25 to $31.50 for typical mix. Sheep markets held steady with lambs at $20 to $20.50 and $18 to $19 for lower grades.
The New York Central and the Order of Railroad Telegraphers announced a five year agreement following a presidential emergency board’s recommendation. NYC may cut telegraphers' jobs with 49 days notice but must provide severance of about 800 to 10000 dollars. average severance for five years’ service about 7200 dollars.
Lincoln National Life Insurance Co Fort Wayne nine largest life insurer offered to buy control of American States Insurance Co Indianapolis at six dollars a share for common stock about twenty eight dollars. American States would stay in Indianapolis with its officers and subsidiaries American States Life American Economy Suburban Casualty Wooster Illinois. American States operates in 11 states with assets of fifty three million dollars and 790933 shares of common stock 167500 non voting preferred Lincoln assets exceed 1.6 billion with 230 million in premium income. Purchase aims to diversify Lincoln into fire and casualty fields.
The People's Marketplace outlines office hours and minimums for classified ads. Rates: weekly 29 cents per line per day, three days 33 1/3 cents per line per day, one day 42 cents per line per day. two line minimum charge one dollar, cash 80 cents. monthly six dollars per line. Discount 20 percent for cash or within seven days after billing. Ads run in The Herald and The Bulletin. line ads set in 6 and 12 point type. White space counts. Ads accepted until 5 p.m. day before publication. Credit extended to telephone customers.
The page lists real estate and mortgage items, automotive and repair services, and assorted notices. It includes personal ads seeking a partner, extermination services, holiday costumes, elderly care, and toy shop news. Miscellaneous local vendors advertise products from wall tiles to knit skirts and Barbie items.
Santa costumes for rent at 1306 Woodbine Dr Greenbriar phone 644-5910. Holiday discounts on Spencers and Spirellas with features like two bras and fabric options. Call for appointment 642-8708 or 643-8875. New hours 10 am to 7 pm closed Sat Johnson's Barber Shop 1011 E 26th. DDLE-IN elderly care family home 643-9578. FACTORY SHOE OUTLET 1400 pair on display open till 8 pm daily except Sunday 17 Central Ave Park Place.
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