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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 20, 1961
Page
25
New York stocks fell Tuesday as profits were taken on blue chips amid light volume. The AP average dropped 1.60 to 261.80, the Dow sank 5.30 to 722.41, with 359 advances and 720 declines among 1,313 issues. Volume slipped on both exchanges and government bonds rose.
Edwards Air Force Base California article reports the No. 3 X15 rocket plane's first scheduled flight postponed one minute before launch due to a fault in the inertial guidance system. The test is tentatively reset for Wednesday.
Local market prices show Good steers and heifers at 19.50 to 20.50 and Choice steers and heifers 21.50 to 22.50. Also listed are grain prices for shelled corn and ear corn. The notice states the market will remain open until 2 p.m. Saturday December 23. Jim Fenters Quality Meat Co. at 1811 Columbus Ave.
In Chicago on Tuesday the grain futures market saw dull activity with most trades near steady by day’s end. December wheat rose about 1.5 cents while other months slipped slightly. December corn moved narrowly, oats mixed, rye up to 2 cents, and soybeans varied around four-fifths of a cent to a fraction higher.
The Chicago hog market saw top bid at 18.00 per hundredweight on strong shipper demand. Mixed hogs ranging 9,000 head sold mostly 17.50 to 17.85 for 190 to 225 pound items, with 190 to 240 pound grades at 17.00 to 17.65. Cattle and sheep prices were mixed with steers steady to weak and lambs around 17.00 to 17.50.
In Columbus Indiana, 2700 Cummins Engine production workers quit for the second straight day after a 7 am meeting failed to resolve job assignment complaints. The union called the walkout unauthorized prompting ongoing labor action at Cummins Engine Co.
Threat of bad weather forces the dedication ceremony of a new Albany Louisville bridge to be held indoors at Scribner Junior High School with Gov. Matthew E. Welsh in attendance. The event is rescheduled for 11:15 a.m. Friday.
Accra reports that Poland will assist Ghana in establishing at least 30 new industries. Planned plants will produce furniture batteries can dies and tools. The agreement aims to diversify Ghanaian manufacturing and boost exports.
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