Sales Push Shares Lower in Market Decline
In New York the stock market moved lower on Monday as selling pressure intensified before the closing bell. Prices fell across major averages amid persistent selling activity and waning investor demand.
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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 13, 1955
Page
7
In New York the stock market moved lower on Monday as selling pressure intensified before the closing bell. Prices fell across major averages amid persistent selling activity and waning investor demand.
The notice lists stock quotations provided through the courtesy of Thomson and McKinnon. It records prices and trading activity as part of a financial update in the newspaper.
The Anderson Herald reports a quiet trading day as hog prices slipped while textile and general market data show mixed activity. Commodities including tobacco cloth and wool goods softened slightly on weekly shifts, with broader stock and industrials showing varied gains and losses amid cautious Wall Street sentiment.
Cattle and hog prices weakened as buyers faced a slow market with heavy receipts totaling 27 000 hogs and cattle. Hog butchers and sows fell 25 to 50 cents, with top hog prices around 11 75, while cattle saw steers and heifers steady to down 30 cents and vealers 20 to 25 dollars higher. Sheep buyers paid 17 50 to 19 00 for good to prime wooled lambs amid 3 000 heads available.
Kalamazoo area farmer John Eddy comments that turkeys are intelligent, noting their windward facing habit keeps them warm. He explains heat avoidance and explains turkeys avoid corn in hot weather to curb body temperature. Aged guest Mary Vernor meets Gov Stratton at St Ann's Home in Joliet, a cordial exchange noted with humor.
Market notes show convertible bonds and cattle sales with prices for utility cows at 9.25 to 11.00, land above canners and cutters around 8.75 to 9.50, and good fat cattle at 11 to 12. Calves gained up to 1 higher, lambs weak to 50 cents, and over-the-counter Treasury securities mixed with high-prime bids near 27. Corporate volume rose to 15.50 to 20 with a par value of 3.4 million.
Wheat led a cautious session with gains amid a broad grain market rally. Contracts ranged from 180 to over 300 pounds with mixed results in feed grains. Government stock releases and foreign buyers supported wheat while drought and price shifts influenced corn oats and rye. A notice highlights Anderson Indiana bid openings for elevated tank foundations and mains contracts.
Exceptional opportunity to average over 130 dollars per week. Must be 21 to 30, alert, sociable and responsible with a background and average intelligence. Travel three days weekly. expense paid, guaranteed start. Advance to key managerial roles. See Mr Indermark at Anderson Hotel Anderson Indiana Tuesday December 13 9 PM to 9 PM.
Market notes show hogs priced from 8.75 to 11.75 per hundredweight across weights 180 to 360 lbs. Steers and heifers ranged from 9.50 to 21.50 in various grades. Calves and lambs listed with prices, shedding light on overall livestock trading activity.
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