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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jul 12, 1958
Page
9
Typhoon Viola struck Iwo Jima Saturday with winds up to 115 to 160 mph as it moved northeast. US bases on the island appeared to escape serious damage while reports noted gusts and fringe winds affecting operations.
Moscow reports that Indiana University President Herman B Wells said Russian students may not focus on science as widely as presumed. He noted Russians label scholars as scientists, including historians and economists, and he observed strong cultural emphasis in music drama and ballet in schools. The American delegation leader Edward Litchfield suggested U.S. benefits from Russian practices like higher professor salaries and sabbaticals, while acknowledging Russian specialization tendencies.
The Anderson Township Exchange Club will receive its charter in a 7 p.m. ceremony at a party for members and wives. Thurman Rinker, president, will accept the charter from Harry E. Morton. State and local officers and numerous members from Anderson and nearby towns will attend the dinner and program.
Muncie markets show hogs steady to 25 cents lower with few top hogs at 23.75 for 120 to 140 pound range. Steers and heifers traded mixed from 16 to 27 dollars. cows and cutters steady to lower. Sheep and slaughter lambs marked as steady with wholesale levels around 6 dollars for slaughter sheep.
New York AP reports bonds held firm then eased in off exchange dealings Friday. Gains from Thursday remain on record as prices end mixed across corporate issues. Utilities rise mainly on convertible stock increases while industrials slip slightly amid NYSE volume around 4.7 million par value.
New York AP reports stocks reached a new peak for the year, led by pivotal gains in major issues. The market edged higher in quiet trading, with the Dow averaging up fractionally while volume eased to around 2.4 million.
Grain markets swing as wheat and corn rise while soybeans show firm support in a day of sharp price moves. Government reports project a crop yield boost, with rye pressured by bearish weather and overall commodity activity reflecting cautious buying by processors amid mixed supplies. Police hunt gunmen after a $4,000 holdup in Indianapolis, with one suspect detained and another on the run.
CHICAGO AP buyers paid 23.50 to 24 for a 200-225 lb No 1 hog lot as Fenos Lutcher hogs were 25 to 75 cents higher than Friday on a slow market. Shippers and local packs led only light demand. The top price reached 24 per head for the offered weights.
The market advanced with steel and rails leading early gains while aircraft missile and defense contracts lift aerospace groups. Amcilites average rose to 1710.8, with 1712 issues traded 672 up and 247 down as volume neared 720,000 shares. oil, farm equipment and building materials also supported the advance amid steady to higher prices across multiple sectors.
A Dane ille jewelry and gift shop suffered theft of valuables and equipment valued over 8000 dollars late Thursday night or early Friday. Owners report entry by prying the double front door with a small tool, as police investigate the break in amid other classified ad clutter and notices in the local market page.
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