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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 21, 1960
Page
34
Wall Street analysts expect a year end rally and higher levels in 1961. Predictions hinge on nearing lows for industrial averages, with low 1961 readings between 570 and 600 and a continued advance as tax selling ends. Industry stocks in chemicals cement and glass bolster the view of recovering economic factors.
Beef prices rose with light weights at 19 a hundredweight amid limited supply as snow limited sales. Monday highs reached 18.50 while heavier weights and various grades showed mixed movements. vealers and bulls remained steady, sheep prices ranged with lambs at 17 or 16, ewes at 5 to 6.
Heirs and legatees of L Yule are warned to appear in Madison County Superior Court to show cause why final settlement of the estate should not be approved. Clerk Eugene Creagmile notes the date December 10 and attorneys Peck, Scott & Shine. Also Indiana Department of Public Works announces public sale dates for parcels including a frame structure near Alexandria on State Road 9 with cash or certified funds required. sale overseen by Joe Conway and Robert M Marsh.
New York stocks edged higher on gains in aluminums and utilities amid mixed results across sectors. ALCOA rose about 2 percent after its president forecast near record aluminum use in 1961 and potential price gains, while Reynolds Metals and Kaiser Aluminum each gained about 1 percent. The Dow fell 0.74 to 614.82 as 469 advances and 520 declines were posted from 1,258 issues traded. volume totaled 3.34 million shares.
Hogs sold steady to 25 cents higher with weight brackets 200 to 220 pounds at 18.00 to 18.25, 220 to 240 pounds at 17.00 to 17.75, 240 to 280 pounds at 16.00 to 16.50, and 280 to 330 pounds at 15.00 to 15.50. Cattle prices ranged from prime steers at 25.00 to 26.00, good to choice steers 23.00 to 25.00, and lower grades down to 15.00 to 19.00, with heifers and cows priced accordingly.
Market notes show prices for choicest cattle and grains with declines in livestock values. The grain section lists shelled corn at 4 and new corn at 75 pounds, while Tulane basketball notes missing 6-foot-9 Jack Arden due to a back injury.
The text notes stock quotations with brackets or parentheses indicating the highest asked price and the lowest offered price. It implies a method of quoting bid and ask levels in market reporting.
Grain futures extended gains mainly in December contracts as final minutes briskly cleared positions. Soybeans led advances with prices up a cent or more per bushel, while December wheat rose about three percent and corn and rye posted mixed moves.
The Commerce Department predicts U.S. car production will fall about 15 percent next year from this year’s high, citing slow business, persistent excess dealer inventories, and a rebound expected after spring. Production would approach levels last seen in 1955.
New Delhi AP reports India’s 1960 grain production is expected to match or exceed the 1958 record output of 75 million tons.
Hog and cattle markets show higher quotes with hog prices advancing 25 to 50 cents, notably for 225 to 250 pounders. Sows steady. cattle also steady to higher with varied loads and weights reported. Lambs up to 50 cents higher, wool prices mixed, and ewes unchanged amid a broad range of grades and weights.
London based Medical Press cites a British medical journal claiming adequate Christmas spirit offers more therapeutic benefit to workers than tranquilizers or pep pills. It argues Christmas provides a beneficial break from routine and routine work, with social communion and alcohol acting as a disguised tranquilizer.
A weather balloon launched near Paris completed a 3125 mile journey and landed intact in Abidjan Ivory Coast after three weeks aloft.
Joe Stokes will conduct two real estate auctions in Alexandria. The first on Saturday December 11 at 1 30 PM on E 6th Street four blocks east of Road 9, auctioneer H D Kirk. The second on Saturday December 31 at 1 30 PM at the same location with H D Kirk as auctioneer.
Baltimore based Martin Co completes transition from airplane production to missiles. W. B. Bergen, president, delivers the last seaplane to the Navy at the 1928 plant as he proclaims Baltimore the future space capital. The firm previously built Sea Masters and Marauders for the Army Air Forces.
Dismissed patients include Edward Bennett of 2426 E. 10th St Steven Hildebrand of Pendleton Mrs John Mercer and daughter of Pendleton Mrs Jackson Callahan and daughter of 2321 E. 9th St Mrs Melvin Cook and son 2030 E. 6th St Mrs Lee Billings and daughter 721 Indiana Ave Mrs Lonnie Pierce and son 414 E. 15th St Mrs James Kelley and daughter Fortville Mrs James Richardson and son 212 Elder St Mrs David Hamilton and son Rt. 3 Mrs Clarence Carpenter and daughter 3703 Douglas Dr Wallace Brady 916 College Dr Mrs Max Fish Daleville Barbara Stringer 920 Arrow Ave Katherine Retherford 2325 Mounds Rd Mrs Virginia Flatt 2320 Wildwood Dr Mrs Mary Yeagy Summitville Margaret Pittenger Daleville Mrs Bertha Doty Pendleton David Gill Chesterfield.
Paul T. Babson president of United Business Service says recession will persist but a spring upturn is likely. He told Boston Chamber of Commerce Executives' Club that 1961 business and finance figures should resemble 1960. In Goshen Indiana a jail break was foiled when a deputy sheriff stopped an escape attempt at Elkhart County Jail. A inmate named Robert M McDonald 23 struck a guard with a pipe.
Advertisement scheduling details for one day to one month ads with a 20 percent cash discount. Bulletin ads accepted until 9 a.m. on publication day and Herald ads accepted until 3 p.m. the day before publication.
Local classified ads feature employment categories for men and women, rental notices for furnished and unfurnished apartments, and business service listings. Included are septic tank services by Chestys and Sam Flatford, tractor and gravel work by Myers Gravel, and general home repair offerings with phone contact details.
Fragmented listing of ads for child care needs business opportunities feed-cost savings for farmers and a gas station lease inquiry. Names and contact numbers appear, but many items are incomplete or garbled.
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