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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jul 25, 1957
Page
11
Hedging helps VEPress with mixed commodity results as September soybeans and corn show slight declines while oats and rye edge up. Government report influences prices. wheat, lard, and diesel costs noted with trade activity and futures shifting downward.
New York trading saw volume slide to 1,730,000 shares the lowest since April 1 as prices moved irregularly in a consolidation phase. Rails and steels advanced while Bethlehem Steel and U S Steel await reports. the Associated Press index rose 49 cents to 3187.50, with volume on the American Exchange at 810,009 shares.
Hogs quot ed steady to 25 cents lower with various weight groups listed. Cattle and calves show mixed values from prime steers to canners and cutters, while sheep remain steady. Humidity note and Louisiana sugar country reference follow.
Chicago hogs sold 25 to 50 cents lower in a moderately active trade on Wednesday. Sows were weak to mostly 25 cents below the previous session. No 1 and feeder hogs ranged roughly 210 to 225 pounds, with top prices near 21.60 per cwt. Butchers at 200 to 245 pounds brought 21.00 to 21.25. Mixed grade butchers 180 to 230 pounds sold 20.00 to 20.50. Mixed grade sows 330 to 400 pounds brought 18.50 to 19.50. Prime steers rose 25 cents while heifers and bulls fell 22 to 70 cents. dealers steady to up 1.00. Prime steers 28.00 to 28.35. high-choice and prime mostly 24.50 to 25.75. Spring lambs 64 to 96 pounds 22.50 to 25.00. 18,000 head noted.
Calves saved by antibiotics, but Dr. Thomas Phillips of the University of Illinois College of Veterinary Medicine says immunization, sanitation and antibiotics are all preventive tools. The best and cheapest measure remains clean, well ventilated housing with dry bedding.
The report notes weakness in U.S. government bonds and lower Dungeness crab prices with market gains scattered in industrials. Biologists find most crabs stay near their birthplace, while commercial West Coast crab fishing remains concentrated from Mendocino to the Oregon border and a tunnerl discussion continues between France and England.
Trading in cotton goods continues with limited sales of print cloths sheetings and bread cloths for nearby delivery. Wool goods are spotty though worsted yarns rise for sweaters. rayon remains weak due to deliveries. Auction notices include household goods sales at 908 Eloth St July 27 10 AM and real estate sale at 12340 Lafayette St August 11 with several local auctioneers.
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