Shares Show Higher Trend In Friday Market
New York stocks closed with a higher tone despite irregular trading. The rally ended a five session losing streak led by gains in aircraft and steel shares, reversing the prior downtrend.
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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 17, 1955
Page
5
New York stocks closed with a higher tone despite irregular trading. The rally ended a five session losing streak led by gains in aircraft and steel shares, reversing the prior downtrend.
Mixed stock activity with gains in some sectors and declines in others. The Associated Press average rose to 178.60 while industrials and railroads showed modest gains. oils and fertilizers moved variably. volume around 2.31 million shares. Hog and cattle markets in Indiana and Illinois showed steady to higher quotes with top hogs at 12.00 and cattle receipts around 800 head.
Grains showed small gains in a quiet session on the Board of Trade with Wheat and Rye firming modestly while Corn held near unchanged. December futures saw short covering as traders awaited next Tuesday’s delivery leads and weather signals from the Southwest.
The cotton textile market remained quiet in New York with resales of 80 square print cloth at 204 cents a yard on spot and some mill sales at 209 1/2 cents. Wool and rayon goods showed little activity.
Treasury securities led weekly gains with strength in long range bonds. Bonds overall declined moderately in New York trading with volume at 3.34 million par value versus 3.68 million previously, as rail and industrial issues weakened.
Muncie Ho market reports hogs sold Friday with weight groups 180 to 240 Ibs 240 to 280 Ibs and 280 to 360 Ibs. Prices steady for standard hog classes and roughs stag sows steady in market notes from Ho.
Court minutes show findings for plaintiffs in divorce and custody actions, quiet title rulings, and damages in personal injury cases. Auction notices include livestock sales and public auctions with locations in Anderson Indiana and Willow Branch. An information request on government data practices was noted by a House subcommittee.
The Alexandria Junior High Parent-Teacher Association will convene its December meeting at the high school. Mrs Hummel and Mrs Urban will share the Christmas story as the Junior High choir sings carols. Special music by the Mellodears includes Ruth Shawhan Beverly Redding Janet McMahan and Letty Cotterman. The gathering begins at 7:30 PM.
Funeral services for Louis Luger a Swiss born retired factory employee who died Thursday in his Anderson Indiana home were scheduled for 9:00 a.m. Monday at St Marys Catholic Church with Father Robert Sorg presiding. Burial will follow at IOOF Cemetery Rosary was set for 7:30 p.m. Sunday at Gipe Williams and Kyle Funeral Home. Friends may call there Saturday afternoon.
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