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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jul 26, 1962
Page
16
In Indianapolis market news lighter hogs steady to 25 lower on most weights with sows steady to 16.75 for heavier sows. Barrows and gilts mainly 18.50 to 19.25 for 180-250 lb lots, cattle activity uneven with slaughter steers up to 27.35 per 1080 lb and cows mostly 50 lower. Vealers midrange 23 to 27.50, lambs 16 to 21 with slow sale and lighter volumes overall.
US stocks ended mixed after a late rebound saved the market from a third straight decline. The Dow gained to 574.67, volume rose to 2.91 million, with AT&T and growth shares helping. The CPI edged up in June and the dollar strengthened. The AP 60 avg fell slightly, while the S&P 500 rose to 56.46. New lows totaled 31. new highs were none.
Chicago report notes soybeans and feed grains rising on Wednesday as traders cite a government stocks report boosting bullish sentiment. Wheat and rye show weakness while old crop soybeans lead gains. mention of short covering and anticipated tight supplies. The piece adds a historical aside stating the first telephone booth was patented in 1883.
The butcher hog market held steady with light Wednesday offerings, 4,000 head on offer and strong shipper demand. Top quotes reached 19.50 for mixed No 1 and 2 200-225 lb hogs, while other grades sold up to 19.25 and weights to 260 lb moved 18.25-18.75. Cattle were below average with steers steady to up 0.75 and prime grades up to 29.50. vealers 25-29, bulls 18.50-20.40. Sheep held at 23-23.50 for prime lambs.
A compiled notice lists multiple upcoming auctions including Howard Cottingham and John Crowley selling household furnishings at locations on West 8th St Rd and 2319 Broadway. Public notices show Howard Wiggins and Wade H. Free Jr. arranging sales with dates in July and August and addresses on Middletown Road and 120 West Fourth Street, with auctioneers Egg Hood and H. D. Kirk.
Market closes at 2 pm with carryover to next day. Hogs steady to 25 cents lower across weight classes with prices from 16.25 to 19.00 for various weights. Cattle show ranges for steers and heifers up to 26.00, cows and calves priced, lambs and sheep listed, and a note about the U S Mint holds 74 million silver dollars unused since 1935.
Quotations indicate the higher figure asked and the lower offered for stocks. Courtesy Thomson McKinnon.
In the week ended July 21 the paperboard industry saw production of 332,532 tons, up from 243,508 the prior week and 314,713 a year earlier. New orders reached 352,860 tons, up from 243,439 the prior week and 310,025 a year ago.
The Chemstrand Division of Monsanto Chemical Co. announced a bid to acquire Lansil Ltd., a British rayon and acetate producer, for 8.1 million dollars or 3.01 dollars per outstanding Lansil share.
In City Court, James Beasley 4 of 352 Ward St was fined 25 dollars and costs with license suspended one year for driving under the influence. James Van Meter 29 Rt 4 was fined 5 dollars and costs for speeding. Orville Wright 42 of Alexandria was fined 1 dollar and costs for disobeying a stop sign. Dennis Norton 22 of 2107 Meridian St and James Earl Lee 20 of 2010 Markleville Rd were fined 1 dollar and costs for reckless driving. Robert A. Zoin 24 of 7445 Cohoe Ave and Dan Pettigrew 19 of Indianapolis were fined 1 dollar and costs for speeding and improper turn respectively.
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