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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 20, 1960
Page
20
New York stocks ended the day with a muddled, trendless close as yearend tax loss selling and sector switches limited directional moves. The Dow fell 2.22 to 615.56 while the AP average slipped .50 to 219.10. rails and utilities were flat amid broad market weakness.
Quotations indicate the higher figure was asked and the lower offered when brackets enclose numbers. The text notes a bid and ask spread reflected in bracketed prices.
Hogs were steady with price ranges by weight from 200 to 330 pounds. Cattle quotes show prime to utility steer and heifer prices, along with cow and bull ranges. Calves and lam bs also listed with steady trends and price bands across categories.
The final 1960 crop report spurred gains in soybeans as futures rose in spots by two cents and all deliveries closed at 1 cent or more higher due to short covering and position expansion. Export buyers reportedly covered roughly 750000 bushels over the weekend while other grains showed modest declines. Wheat edged down, oats mixed, rye down, and soybeans up 1.5 to 2 cents with January at 2.20.
Reynolds Metals Co says aluminum inventories near bottom support a rise in 1961 domestic shipments from this year. The year end statement notes some declines in exports from 1960 records may offset gains at home.
Chicago reporting hog futures showed steady to modestly lower price cues on a light Monday supply of around 9,000 head. Top Monday quotes hovered near 18.50 for light mixed 1-2 and 1-3 hogs with heavier weights and sows posting declines. cattle and veal values also shifted modestly as slaughter steer buying gained some ground and lambs edged higher.
Prices for cattle range by weight from 190 to 300 pounds with reported values from 14.00 to 18.00 per hundredweight. Notable figures show 230 to 270 pounds at 16.00 to 17.00, 270 to 300 pounds at 15.25 to 16.00, and calves and choice steers and heifers in the mid to upper twenties per hundredweight.
Floyd V. Dunn of Associated Motors Inc a Lincoln Mercury dealer at 132 East Street earned membership in the Lincoln Mercury Division 100 Club for outstanding new car sales. Cincinnati district sales manager J D Platt announced Dunn ranks among top Comet Mercury and Lincoln Continental salesmen in the country and received special recognition from the Lincoln Mercury Sales Council.
Washington report based on National Geographic Magazine describes Tibetan beliefs that no life should be destroyed if it can be spared. It cites devout practices such as rescuing fish before winter and drought and guiding them to safety in the Kyi River.
Prices of butcher hogs here Monday were steady to 25c lower, most less on uniform 180 to 220 pounders. Lows were fully steady to instances 25c higher.
Bloomfield Ind AP Circuit Judge Edwin Long refused twice to order a Greene County governor recount. Republicans plan to seek a writ of mandate from the Indiana Supreme Court to force a recount, arguing the contest is valid while Long cites legislative sole authority in disputed elections.
Investors on Wall Street show belief in a 1961 upturn as forecasts point to greater industrial activity in six to nine months. Analysts note government spending, inventory liquidation end, and a resilient Dow above 600 as signs of a forthcoming rally, though cautions remain about repeating 1958 gains.
WASHINGTON UPI Carpenters Union president Maurice Hutcheson, recently convicted in Indiana highway scandals, lost a round in his appeal of a contempt of Congress conviction. The U.S. Circuit Court of Appeals unanimously upheld his contempt conviction from last May after he refused to answer Senate Rackets Committee questions about union funds. He and two other top union officials were convicted in Indianapolis in October over profits from right‑of‑way deals.
Hammond Indiana police say Charles Vaughn, 28, was jailed on burglary charges after being spotted carrying the bottom half of a seven foot aluminum Christmas tree from Woodrow Wilson grade school. Strands of aluminum littered the path from his earlier attempt with the other half.
The American Iron and Steel Institute reported Monday that the nation’s steel mills are slated to run at 46.9 percent of capacity this week, the lowest since July 4, 1960. This compares with last week’s actual rate of 48.7 percent and the prior week’s 48.3 percent.
A festive reminder to place a cold Pepsi by the fireplace or under the tree for Santa Claus this year, merging holiday cheer with a familiar preferred beverage.
The Chesterfield Town Board in Madison County Indiana adopts a resolution authorizing two land tracts totaling about 0.35 acres for waterworks construction including a 12 foot wide utility easement and a 15 foot wide electric line easement. It also grants ingress and egress rights for town personnel and equipment and sets conditions tied to Pearl Street extension. Additional described real estate holdings are noted as potentially affected. Public hearing notice to be published in two Madison County papers and posted in local offices.
Notice from the Local Alcoholic Beverage Board of Madison County Indiana announcing an 8 AM December 30 1960 investigation into applications for alcoholic beverage permits at American Legion Post No 127 Inc and Paul E Gibbons with public participation invited. Also school bids from Anderson City Schools seek toilet tissue 240 cartons with bids due January 17 1961 and sale of a 1958 Nomad Chevrolet with bids due January 3 1961.
Jose Porter was appointed administratrix of the estate on December 14 1960 in Anderson Indiana. Creditors must file claims with the Madison County Superior Court within six months of the first publication or be barred. The estate is listed as solvent. Clerk Eugene Creagmile. Attorneys Mattingly and Salyer. Publication dates December 20 1967 and January 3.
Indiana shelves plans for a $50,000 Lincoln statue and $36,000 in murals as the 13 story office building near the Statehouse prepares for dedication. Officials debated artwork funding with Lt. Gov Parker and budget director Conklin weighing public donations versus spending on statues and outside memorials.
The YMCA calendar lists luncheons at 12:00 by Rotary and Exchange, dinners at 6:00 for Mounds Kiwanis and 6:15 Patrol Boys Pendleton, 6:30 Altrusa, meetings at 4:00 Teachers Federation and 7:00 Dale Carnegie. Physical schedule shows 3:45 Intermediate Gym and 4:30 Intermediate Swim plus Junior Gym at 4:30 and Junior Swim at 5:00, with 5:30 Men's Varsity Volleyball and 7:00 Father-Son Night. basketball features 8:00 Anderson Sporting Goods versus winner of Game No. 1 and 9:00 Snow's Furniture versus GM Tech.
An eight-foot high flush door system from a Chicago company promises increased air and light, reduced framing, and a sense of spaciousness. The doors use warp-free hardboard facings that are touted as inexpensive.
Premier Chou En-lai will head a 400 member Chinese Communist friendship delegation to Rangoon for Burma's 13th independence anniversary on January 4. Radio Peiping reported Monday.
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