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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jan 18, 1956
Page
6
Ford Motor shares priced at 64.30 with a 4.00 premium. SEC clearance awaits official offering while 10.2 million shares fund a 657.9 million sale. Ford dealers, institutions, and underwriters share allocations. NYSE listing planned around March 1.
Purdue extension adviser G A Williams states age influences herd profitability as Indiana dairies face aging herds. In Wells County 314 cows on test showed 52 percent are three to four years old at year start. 21 percent over five but under seven. 17 percent seven to ten. rest older. First calfers reaching about 70 percent of mature production, with 5,000 pounds in 305 days as a benchmark, and mature cows needing around 7,500 pounds for profit. High quality roughage and controlled grain aid early-bred heifers to become top producers and sustain income.
Washington By Drew Pearson Republicans praise for Eisenhower farm message gives way to worry as hidden details may cut farm prices. Critics flag proposed changes to corn price supports, wheat surplus sales below market, cotton parity, and discretionary rice support, risking lower measures across crops. A farmers tax school in Alexandria highlights income and Social Security tax rules for 4H families.
Purdue specialist outlines a meat type hog in a portrait study noting its superior carcass quality and efficient feed conversion. The feature highlights breed traits, market potential, and implications for pork producers and industry standards.
The market staged a modest recovery led by steel and motor stocks after a sharp drop. Ford stock at 64.50 drew attention while talk of President Eisenhower's term and broader economic factors influenced investor sentiment throughout the session.
Grains softened amid active trading as moisture affected parts of the winter wheat belt. Wheat faced selling pressure while soybeans showed late trading action. Market participants noted tentative demand and expectations for further price adjustments amid variable grain conditions.
Indianapolis reports steady hog prices with gains for heavier cattle and dairy weights. No. 1 to 3 hogs 180 to 225 pounds sold $11.75 to $12.23, with lighter cattle near $12.50 and larger weights $9 to $11. Bulls and cows showed firm strength while steers and heifers moved slowly.
Stock quotations show declines in Corn and Oats with a general weak tone, while Ford shares drive speculation about fund shifts. Anaconda and United Steel trade solidly, while snow advisories stretch across Nebraska Kansas and Missouri.
The County Extension Office is arranging a meeting led by the school head to discuss egg grading. The session aims to cover sheep slaughter readiness and related handling details for local producers.
The New York dry goods market showed scattered sales in print cloths woodcloths and sheetings for spot and first quarter delivery with buyers weighing second quarter needs. Woolen and worsted goods were quiet while rayon yarn prices rise three to five cents a pound. A London note says John Walker invented the friction match in 1827. Indiana egg law updates spur an egg grading school promising exam candling and grading of a dozen eggs for attendees.
The Madison County Soil Conservation District will hold its annual meeting at the Anderson YMCA Friday February 3 at 630 PM with Wayne Guthrie delivering the main address Save Our Top Soil The event opens with a dinner followed by reports and a process presentation Election will select one supervisor for the north district Attendance is open to all county land occupiers and landowners over ten acres eligible to vote A list of local officials and organizers is provided for advance dinner reservations.
Purdue 4-H leaders announce a revised strawberry project allowing start with as few as 100 plants to encourage city and rural youth. Enrollees obtain the Purdue bulletin Strawberries for the Home at their county extension office for crop guidance. Plants set in April yield fruit next spring with modest investment and potential income.
Market listings show price ranges for cattle in various weight brackets from 200 to 300 pounds with figures such as 3.00 and 30.50 for heavier categories. Poultry prices include heavy hens fries under 4 pounds and leghorn hens. Soybeans wheat oats and corn values appear in brief market remarks alongside this mixed bond market summary from New York.
Hogs and sows sold 24 cents higher as demand from order buyers and packers grew. Top price reached 21.25 dollars. most 190 to 220 pound butchers 11.25 to 12.00, 230 to 250 pounds 10.75 to 11.50, 260 to 300 pounds 10.00 to 10.75. Cattle and sheep receipts also noted with high prime steers at 24.50 and lambs 18.25 to 19.50.
Coming auctions announce sales on Thursday and Saturday with multiple bidders and auctioneers. Locations include the Alva Souder Farm north of Fortville, Hazelwand area, and near Sulphur Springs. sales cover farm machinery land dispersal and other property. Auctioneers listed include James C Bradley Joe Kellum and various local firms.
A. S. Carter of Purdue University advises farmers to buy 1956 crop seed based on tag analysis. All seed offered for sale or moved from the grower must be tested and tagged, or sale must be stopped by inspectors until compliant. Tagged red clover seed averaged 44 noxious weed seeds per pound in 1955 versus 2,076 for untagged lots, showing tagged seed is better. Carter urges farmers to know what they are buying as today’s seed bases future crops.
UCLA archaeologist Dr George Brainerd reports uncovering a massive Toltec storage or fermentation jar in the Valley of Mexico during an expedition. The 30 inch high vessel with 23 inch diameter holds about 25 gallons and was buried in a Toltec house floor possibly used for pulque fermentation.
Purdue poultry specialists urge buyers to judge eggs by inside quality not shell. A Purdue leaflet, Hints on Buying Eggs, explains labels, grades, weights, sizes, and home storage. Free copy available via county extension offices or Purdue agricultural publications.
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