Shares Gain as Margin Cut Sparks Slow Market
NEW YORK AP reports a stock market rise amid slow trading after the Fed lowers margin requirements from 70 to 5 percent, signaling a possible bullish mood shift. Volume dipped, Dow Jones averaged 580.82, with gains in industrials and utilities and a linked rise to Telstar satellite launch prospects. In Chicago, grain futures saw limited advances amid light commercial demand and continued hedging pressure on wheat and corn as soybeans remained strong in meal and weak in oil.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Wall Street
Washington
Amera
Associated Press
Urther Publicky
Teestar
Telstar
Standard Oil
New Jersey
Chicago
Geaiers
Mississippi River
U S Ratifies Wheat Pact with Major Price Range
The Senate ratified a three year international wheat agreement setting new price floors and ceilings from 1.62 to 2.02 per bushel replacing the prior 1.35 to 1.90 range. Signed in Washington last spring, it aims to assure supplies to importing countries and stable markets for exporters. Soviet Russia joins as an exporting nation for the first time along with the United States, Canada, Argentina, Australia, France, Italy, Mexico, Spain and Sweden.
MENTIONED IN THIS ARTICLE
Washington
Russia
United States
Canada
Argentina
Australia
France
Italy
Mexico
Spain
Sweden
Butcher Hogs Steady Despite 8500 Head Monday
Chicago traders reported a steady butcher hog market with 8500 head offered the largest Monday total in five weeks. Top price reached 19.23 for Nearer Hogs while other No 1 and 2 grades in the 190-230 lb range traded around 18.75 and up. Mixed 1-3 hogs to 230 lb bid 19.23-18, heavier weights 17.25-18.50, sows 15.30, steers softening slightly as several hundred head remained unsold.
MENTIONED IN THIS ARTICLE
Chicago
Alexandra
London
UPI
Alspeat
Indianapolis
Barrow
Livestock Auction Totals From Muncie Market Report
The Muncie sale shows hogs steady with weights 200 to 243 pounds and 1240 to 280 pounds. Cattle steady with choice, good, and standard steer and heifer price ranges and cow and bull values. lambs and sheep also steady with spring and old crop lambs noted. Auction notices follow for various local sales and real estate auctions.
MENTIONED IN THIS ARTICLE
jStags
iGood
Dows Lamiss
Sprinkler Systems To Be Manufactured By Toro
Minnesotan company Toro Manufacturing Corp announced it will enter the lawn and turf sprinkling market with the introduction of an automatic packaged sprinkler system.
MENTIONED IN THIS ARTICLE
Minneapolis. Minn
CPC
Toro Manufacturing Corp
Final Settlement of Estate 14820 Notified in Madison County
Creditors heirs and legatees of Myrtle Callahan deceased must appear in Madison County Superior Court at Anderson Indiana on July 24 to show cause why the final settlement accounts should not be approved. WITNESS the Clerk July 3 1962 Eugene Coemole Clerk, Madison County Superior Court. Austin Stewart for Estate.
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Myrtle Callahan
Reptar
Superior Court
Madison County
Anderson
Indiana
Deirs
Eugene Coemole
Austin & Stewart
Circe Court
Madisoy County
Jefferson France
Austin
Eugene Madde
Council
Helenmenndt
J Madison
State of
Ptmerc
Card of Thanks for Jessie Weitzman
We express sincere gratitude to our relatives and neighbors for kindness after the loss of our husband and father Jessie Weitzman. Special thanks to Dr Skinner and Brown Inc and Raster Exterminating for their support and assistance.
MENTIONED IN THIS ARTICLE
Jessie
Ki “Skinner
Brown Inc
Commuter Cars Order to Modernize Reading Railroad Fleet
Budd Co. announced a 3 rail link contract under the first federal loan for mass rail transportation. The deal covers 1 modern Reading railroad commuter car set with deliveries from November to December. Payment orders issued for wages earned by workers across 47 states.
MENTIONED IN THIS ARTICLE
Philadelphia, Pa
UPI
Budd Co
Reading Railroad
Routine Accident Has Special Features
A Columbus Indiana rear end collision Monday morning near Columbus had odd similarities. Both drivers were from Louisville and en route to Indianapolis on business, sharing the same middle name and insured by the same company. Joseph Bernard Buren struck Paul Bernard Payne as Payne turned. Buren was hospitalized. neither injury was serious.
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Columbus
Ind
Louisville
Indianapolis
Joseph Bernard Buren
Paul
Bernard Payne
Payne
Serio
Buren
Kovacs Family Pleads for Return of Stolen Items
Hollywood awaits word as Mrs. Marty Kovacs, mother of the late Kovacs, appeals for the return of her late husband’s sentimental belongings seized in the purse theft. Police urges vigilance and for the public to report any recovered items.
MENTIONED IN THIS ARTICLE
Hollywood
UPI
Marty Kovacs
The
Tate
Bolsa Chica Oil Corp to Consider Name Change
Stockholders will hold a special meeting in Los Angeles on August 1 to vote on renaming the Bolsa Chica Oil Corp to U S Natural Gas Corp.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Bolsa Chica Oi Corp
Iinocneed & Has
U.S. Natural Gas Corp
Dutch Women Protest Church Decorations in Arnhem
The Netherlands Christian Women's Association protested a Arnhem city decision to decorate a local church with statues depicting heroes from a Dutch comic strip. The issue highlights cultural and religious tensions over public display of comic figures.
MENTIONED IN THIS ARTICLE
Arnhem
Holland
UPD
Netherland Christian Women’s Association
Princess Alexandra Tonsillectomy Reported In London
Princess Alexandra underwent a tonsillectomy on Monday in London. Separate market notes describe steady to higher hog prices and mixed cattle and sheep futures, with various weight ranges and price bands listed for hogs, cattle, and lambs.
Classified Advertising Rates and Policy Notice
The People's Marketplace advert rates list 28 cents per line per day for three day ads and 33 cents for day ads, monthly line rate $8 with 20 percent discount for cash or within seven days. Ads run in The Herald and The Bulletin, no borders, point size charges, and classifieds accepted until 5 p.m. the day before publication.
MENTIONED IN THIS ARTICLE
Eash
Herald
Bulletn
African visitors may take road to Hell opened in Cape Town
Travel note from Cape Town reports the Swartberg Mountains range hosts Hell Valley. A new road opened last week allows visitors to reach the area, replacing earlier mule-drawn transport for farmers carrying produce.
MENTIONED IN THIS ARTICLE
Cape Town
South Africa
UPI
Hell
Ajteep
Swartberg Mountain
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