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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jan 04, 1961
Page
6
New York AP reports on the first trading day of 1961 with Wall Street hopeful for a rally despite a market dip. Analysts from Watson & Co and Van Alstyne Noel & Co voiced optimism that the Dow Jones average will rise after some irregularities and consolidation.
Southeast Asia Treaty Organization secretary-general notes Laos must be served when feasible, while a US State Department officer confirms Soviet and North Vietnamese planes landed in Laos. Prince Boun Oum warns the crisis is serious and risks becoming international with foreign powers backing disruptive actions.
A National Bureau of Economic Research study released Tuesday shows a lower capital output ratio in the United States. The capital required to produce one dollar of output declined from 1.02 dollars in 1913 to 59 cents in 1958, based on the work of Daniel Creamer Sergei Dobrovolski and Israel Borenstein.
New York AP reports the aluminum industry ended 1960 with a record production of over 2,000,000 tons, surpassing 1959’s 2,653,000 tons. Capacity rose to a high of about 2.6 million tons, but idle production reached roughly 543,000 tons due to sluggish demand.
Morton McShurley and Ellenberger Bros. Auctioneers announce public sales near Muncie with multiple lots. Dates include Tuesday January 31 and Monday January 3 with varied start times. Hemp and tool sale listed south of Lapel on St. Ra 13 to Cone f Schoolhouse.
Soybeans led a firmer grain session on the Chicago Board of Trade with notable gains for March and May contracts, wheat firmed into gains before closing mixed, and corn and rye stayed firm. Old crop soybeans posted season highs as January contracts rose about 3 percent and nearby wheat traded higher while mixed quotes for March futures appeared.
Chicago AP reports hog prices fell 25 to 50 cents as the largest supply in nearly a year, about 18,000 head, hit the market. Trade was moderately active with 190-220 lb mixed No 1-2 and 1-3 hogs at 13.75 and up, top sows at 13.25, and a 15,000 head exile run down 6,000 from earlier. Bulls, vealers, and lambs showed varied price shifts with mixed outcomes across weights and grades.
Chesapeake & Ohio Railway earnings declined in 1960 with earnings per share falling from 3.50 to 3.5. Coal and coke traffic decreased sales from 142 million to 157 million, merchandising revenue rose to 162 million, and other revenue remained steady. Total expenses reached 302 million.
A clipped notice reports stock quotations with bracketed figures showing a high price and a lower price. The source provides terse market data and brief commentary on trading ranges observed in the session.
Wilmington Del UPI Allied Laboratories becomes part of Dow Chemical Co through an asset and stock exchange. Dow issues 83 116 shares to Allied stockholders on a 23 share Dow per Allied share basis. A total of 799 674 Allied shares will be surrendered for Dow stock.
Hog prices showed losses of about 25 to 50 cents with overall trade described as rather slow. Weighed hogs ranged from about 15.30 to 19.50 per cwt for various weight classes, while steers and heifers moved mostly steady to firm with some gains on lighter cows and bulls. Lambs showed strength with frequent top quotes near 18 to 17 dollars per cwt for lighter lots.
Pittsburgh report says United Steelworkers president David I McDonald and U S Steel Corp executive vice president R Conrad Cooper agreed to meet Thursday to co chair an economic outlook session for the steel industry. The move comes as stock markets retreat on profit taking and concerns over unemployment and production lag.
Plymouth retained its traditional third place in passenger car sales for 1960 with a best sales record and total U.S. and Canada production reaching 505,785 vehicles. Dealers sold 437,402 cars through December 2, up 47,150 from 1949, while registrations through October totaled 381,213, a 15 percent rise from 1959. The year marked a strong market presence and higher penetration to .9 percent, with increases across five American built models amid a recovering auto market.
The document lists YMCA calendar items including luncheons at 2:00 for Christian Business Men's Club Lutheran Men and Soroptimists, dinners at 4:30, and sports like swimming and badminton. It also records a separate basketball and athletics timetable, plus a telegram exchange between McDonald and Cooper focusing on a Washington meeting to discuss unemployment and steel industry issues for the new Kennedy era.
New York reported by UPI that for the week ending December 25 the ratio of paper production to mill capacity slipped to 73.6 percent, down from 92.3 percent revised last week and 62.5 percent in the comparable 1959 period, according to the American Paper and Pulp Association.
PALM BEACH Fla Jon F Kennedy has accepted the invitation of the White House Correspondents Association annual dinner Feb 25 Press Secretary Pierre Selinger announced Tuesday The report notes an inventory sale at Odell Camera at 19th and Main with projections and fine cameras offered for sale amid the event coverage.
A compact listing of classified types appears with categories like announcements card of thanks in memoriam lost and found transportation business services appliance cleaning plumbing and heating carpentry cement and masonry funeral directors hauling and moving income tax service cleaning paperhanging sewer cleaning and employment sections including agents and salesmen business opportunities child care help wanted male and female situations wanted rest amid a period newspaper page segment.
In Superior Court yesterday morning just before jury selection the estate of Sparks L. Brooks settled a claim by Elsen Veatch. Veatch agreed to accept $5,000 for services as Brooks housekeeper, the deceased millionaire attorney who died in 1956.
Madison County regis ted Life Insurance nurses from Red Cross part of a three day conference at the Madison chapter to discuss sales and service for policy owners in 1961. The event includes a Baby Care Course registration open at the Red Cross Chapter House 914 Chase Ste with classes from 7 to 9 p.m. Friday.
Indonesia imposes ceilings on land ownership through a population and cultivated area based formula across regions. Each farmer is guaranteed at least two schectares about five acres, under the Tuesday regulatory action.
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