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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jan 01, 1958
Page
22
Stocks fluctuated with heavy volume as traders sought profits for year end. The Associated Press average rose to 15470, with industrials up, rails up, and utilities mixed, while breadth showed 761 advances to 299 declines. Wheat and corn futures moved on supply and demand signals amid mixed cattle and hog activity in Chicago markets.
Prices for steers and heifers show mixed trends with prime lots selling at 90.50 to 90.75 per hundredweight, highest since 1956. Lambs and sheep edge up. ewes and rams mixed. Cattle, hogs, and poultry receipts listed alongside grain prices for soybeans, wheat, oats, and corn. Local buyers note steady to weak demand for choicest cattle and lower grades weaker.
The Muncie market shows hogs 25 cents lower with holiday closure on January 1. Cattle and calves in mixed ranges from 9.00 to 25.00 for various grades, while sheep and lambs hold steady. Government and corporate bonds end year on strong notes with broad market activity reported by AP. The wedding ring origin traced to ancient Egypt as a symbol of eternity.
Summitville West Side Club held its annual Christmas party at Mrs. Dorothy Golden’s home with a Bible reading by the hostess. Mrs. Nellie Tap pan and Mrs. Lola Retherford led entertainments. Barbara Cullen and Mrs. Gulia Marley won the game portion. Mrs. Wilda Ice received the attendance trophy. Next meeting features a carrying dinner at the Lion’s clubhouse January 13 with sewing activities and a guest from the Surgical Dressing Unit. Victory Home Demonstrations Club will also be a unit guest. House guests included Mr. and Mrs. Jernard Latehaw and family of Charlotte, Mick, and Mr. and Mrs. Vern Porter of Columbus, Ohio. The canal project cost $525,812,661.
Trading showed hops down 25 cents while cattle and calves remained steady to higher. Barley and grain items moved with steady to strong demand. choicest cattle and prime calves reached higher bids as buyers scouted road to market. Local notices mention legal bidding and auction dates in Anderson Indiana.
Chicago grain market closed irregularly after an initial rally failed to sustain gains. Prices fluctuated amid cautious trading and unsettled demand.
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