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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jan 25, 1962
Page
3
New York brokers search for stocks with upside despite a broad market decline. Kidder & Co notes defensive plays like oils and copper, while Josephthal & Co predicts higher NYSE averages with leadership from aircraft, airline, aluminum, meat packing, oil, and textiles.
Hog prices were weak to 30 cents lower with most sales off 25 cents. No. 1 and 2 barrows at 188 to 225 pounds mostly 17.75 to 18.00. 180 to 240 pound butchers 17.25 to 17.65. Steers, heifers steady. cows steady to higher. bulls and vealers steady. Lambs steady to weak with prime 75 to 105 pound lambs at 17 to 14.50. Prices across weight ranges varied with mixed reports on heavier cattle and sheep.
Slaughter hogs eased as demand lagged for 6500 head with top No 1 grade about 18.25 per cwt and mixed 190 to 220 pounds at 17.50. Heavier weights 16.50 to 17.25, sows 15.50 to 3.25, prime slaughter steers at 28.21, heifers 27.50, bulls 20.50, and other cattle activity steady to higher amid a broad market report tied to Dow Jones indices.
CHICAGO AP A liquidation pull pushes grain futures lower on the Board of Trade as traders show bearish sentiment and demand stronger incentives. Wheat futures tumble to $2.01 1/3, corn near $1.03 3/4, oats down. Hogs steady to 2c lower, cattle and lambs mostly steady with prices listed for various classes. Local grain prices noted as Wheat wall Shelled Corn Ear Corn 170 lbs.
A late rally failed to lift a losing session on Wall Street as the Dow dipped to 698.17 while the Standard & Poor's 500 rose 0.11 to 68.40. GM led trading with strong volume amid a broad list of losers, with 595 declines to 436 advances on 1,283 issues. News of a planned American Airlines and Eastern Air Lines merger loomed, but airlines overall fell as the sector faced financial pressures.
Hogs 25c lower across weights up to 240 pounds at 17.00 to 17.25 and 10 to 300 pounds at 15.50. Cattle steady with cod steers and heifers at 23.00 to 24.00, and steers and heifers at 24.00 to 26.00. Ulls at 20.00, and mention of a Scotland birth implying a land feature near the Forth and Firth of Fife.
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