Shares Fall For Eighth Straight Session
The New York stock market slipped for the eighth consecutive day as trading remained light. The Dow rose 0.77 to 720.87 while the AP average fell 0.20 to 259.50. volume cooled with 3.39 million shares.
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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 23, 1961
Page
10
The New York stock market slipped for the eighth consecutive day as trading remained light. The Dow rose 0.77 to 720.87 while the AP average fell 0.20 to 259.50. volume cooled with 3.39 million shares.
In a light preholiday session on the Chicago Board of Trade rye and soy futures moved ahead while other grains showed little change. Wheat slipped fractionally as corn rose modestly and oats gained with rye and soybeans mixed in afterhours trading.
Chicago AP reports hog futures topped at 18.50 a hundredweight with 4000 head sold. Sales ranged 18.25 to 18.50 for 190-225 lb No 1 and 2 hogs as shippers bought over half. Slaughter steers reached 25.75 to 28 while lambs held 16.25 to 17 for choice and prime.
A series of public auctions listed for late December to January include Thelma Bousman and Iva T. Jones Farms tools hogs and feed four miles west of Anderson on 8th Street road H D Kirk auctioneer Cyrus C Milburn executor sale of real estate and household goods four miles west of Anderson near St Rd H D Kirk others include Jack Hoppes public sale 120 acre farm Guernseys near Valley and W Pheanis with H D Kirk auctioneers plus a sale by wm Knopp five miles northwest of Alexandria all in the Anderson area with dates January sales noted.
Hog prices range from 17.40 to 17.65 for 190 to 240 pounds and 17.15 to 17.65 for 240 to 300 pounds. Cattle show good steers and heifers at 19.50 to 20.50 with top choices 21.50 to 22.50. Grain figures include oats around 68 and ear corn about 70 per 100 pounds.
Market ends at 2 pm with late arrivals carried to next day. Prices vary by weight and species with cattle and sheep steady. steer prices range from 17 to 25 dollars, heifers up to 24, bulls 15 to 19, cows 10 to 15, lambs and calves also listed.
The item notes that stock quotations are presented with the higher asked price and the lower offered price shown in brackets, courtesy Thomson and McKinnon.
Wall Street trading ended the week with hopes for a yearend rally diluted. Analysts note the market has faced repeated weakness and profit taking, though some see potential for a rally next week and beyond, aided by seasonal factors and optimism in select sectors.
The C C Club held a family Christmas turkey supper at the Lion's Club house with a short program, games, and contests. Elizabeth Ann and Robbie Hunter sang a duet while Edna Hull read poems and articles. several guests and many members attended including the Huestons and Broyles family. The Know Your Neighbor Club then hosted a noon dinner with Dorothy Leach presiding and hostesses Lois Melling Beulah Clock and Jane Kurtz. WSCS Methodist Church also held its annual Christmas party and dinner, noting a member returning from St John’s Hospital Anderson after illness and surgery.
The State Highway Commission will hold a public hearing January 16 in East Chicago city courtroom on the reconstruction of Ind. 912 at the Gary East Chicago limits and into East Chicago.
Indianapolis market reports steady to higher prices for butcher hogs under 220 pounds with some sales up to 25 cents higher. Heavier hogs steady to weak, sows mostly steady to 25 cents lower. No. 1 and 2 barrows 190 to 230 pounds at 18 to 18.25, 110 head No. 1 200 to 220 pounds at 18.35 to 18.50. Cows, bulls, lambs and steers show varied bids and limited arrivals.
Dismissed from St. Johns Hospital were many individuals including Mrs Ruth Warren of 409 West Vineyard Street Mrs Beatrice Graham Route 3 Anderson Miss Gretchen Hanna Pendleton Rex Cook Middletown Mrs Wanda Hamilton 1704 Fulton Street Richard Sparks Chesterfield William Walte 2926 Pitt Street Miss Linda Cornell Route 4 Anderson Mrs Dorothy Cunningham Alexandria Mrs James Garrett and infant daughter Middletown Mrs George Johnston and infant daughter 919 Shellbark Road Mrs Franklin Ison and infant daughter 2932 Columbus Ave Edward Williams Alexandria Mrs Peggy Fetz Middletown Paul Parham 2705 Main Street Mrs Helen Jordan 735 Hathorne Ave Mrs Grace Staley 1008 West 2nd Mrs Diana Schlaback 423 East 37th Street Thomas Naselroad 1124 West 1st Donald Bowen 1307 Nichol Ave Cordova Juday Elwood Forrest Pickering 1135 North Madison Avenue Mrs Jeanette Baker 623 Central Way Richard Ice Lafayette
Bloomington Indiana UPI reports Robert F. Borkenstein, head of IU police administration, says heavy publicity and holiday enforcement cut drunk driving violations despite increased temptation. He urges use of public transport or a non drinking driver after parties.
Shelbyville judge appoints two Indianapolis psychiatrists to examine Paul R. Lightfoot a 24 year old Sunday school teacher accused of making obscene telephone calls to women. Lightfoot on bond faces evaluation for possible sexual psychopath. hearing set for next month. He admits about 300 calls from home and public booths to women selected at random.
Emanuel Church hosted the consecration service with Shirley and family in attendance. Numerous visits and dinners featured residents from Anderson Wilkinson Willow Branch Lapel and Cambridge City with relatives from Indy Cadiz New Castle Richmond and Cadiz among others. The Cupp Brothers hosted the Cambridge City Kiwanis Club for a Christmas variety program.
Bonn chancellor Konrad Adenauer said West Germany will work closely with the free world in the coming period. In a foreword to the annual nation report he urged strengthening free world forces to help prevent a general war.
The Madison County Board of Commissioners on December 18, 1961 passes an ordinance amending the master plan to rezone Lot 3 in Rural Place subdivision from R-2 to RS for a two family dwelling on 1212 State Road 67 East. The ordinance references the zone map and empowered zoning board, with the petition by Howard J. McKee Jr. filed under C-7028.
The notice records zoning actions in Madison County Indiana including a 45 acre parcel in Green Township and a 20 acre portion, all tied to R.M. Alfont lands and the C.C.C. St. L. Railway right of way. It notes zone changes and the petition by Ott Kincade to rezone property at State Road 67 and County Road 750 W from Residential and Business to B-2 for a campground operated by the United Pentecostal Church.
Public notices from Madison County Indiana detail rezoning petitions on Cov entry Drive north of State Road 32 and at 1305 East 38th Street. Plans include rezoning Agricultural land to R-2 for a residential subdivision and R-2 to R-3 for a barber shop, with plats recorded in Plat Book 10 and ordinance numbers C-7026 and C-7029 dated December 1961.
The Labor Department reported lower living costs in November with expectations of further declines in December. Real pay and purchasing power rose to new highs, as factory workers saw higher take home pay.
In a striking industry note, researchers find nine of ten fur coats sold in the United States originate from a dense five block district in New York City showing the city’s central role in the nation’s fur market.
President Sukarno urged Indonesian mothers to send children to training camps to back his threat to seize West Irian from Dutch control. He rejected Dutch self determination proposals and demanded surrender of West Irian to Indonesia, saying force may be used if needed.
U S Beryllium Corp doubles its Badger Flats holdings by purchasing 79 new beryllium claims totaling about two and a half square miles near its Boomer mine operations. The area is described as the most promising beryllium mining region in the state.
Warrants were issued in Indianapolis for Floyd Miller and Gilbert Miller accused of manufacturing counterfeit $20 bills in their Evansville home. Floyd was arrested in California and Gilbert is at large after fleeing a parking lot. Agents say about $20,000 in fake bills were produced. Floyd faced arraignment in Los Angeles and a January 12 preliminary hearing was set.
Office hours are 8 am to 5 pm. Classified ads priced at 3 lines or more. Weekly 29c per line per day, three days 33 1/4c per line per day, ad 42c per line per day. Monthly rate $6 per line. 20 percent cash or seven day payment discount. Rates apply to Herald and Bulletin. Ads set in 6 and 12 point type. 12 point counts as no linespace.
Ads start in Morning Edition. Anderson Newspapers reserves the right to run co ads under proper headings and will be responsible for more than one incorrect insertion. Classified line ads will be accepted until 5 p.m. of publication day. Credit is extended to customers with telephones.
Obituary notice honors Henry Stinson Roy who died December 23. The Pearly Gates opened as a gentle voice invited him home. Survived by daughter Mrs. Lawrence Keller. memories linger in the family and community.
A jumbled classified ad lists Pasquale's Pizza contact and rental chairs and tables for parties, moving and storage by E. J. Cripe, Santa Claus suits for rent, various phone numbers, and plastic vinyl tiles with prices.
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