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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 04, 1954
Page
9
New York The stock market advanced slowly with a late rally led by railroads. Early losses gave way to gains as rails surged, while aircrafts and some metals rose or held, and motors largely declined. The day closed mixed with utilities higher and a broad market volume of about 1.41 million shares.
Live hog prices moved downward again Thursday though trading was moderately active. Hogs were down 35 to 10 cents per hundred pounds. sows declined 7 to 15 cents, with some light sows at 21.25 to 21.50. Prime steers scarce and steady to 25 cents higher. cows weak. bulls and vealers weak. A related report notes five more envoys sought refuge over a political crisis in Guatemala.
A chaotic report blends political flight, UNESCO aid, and a market summary. It notes critics fleeing to safety amid upheaval, mentions Rodolfo Rehnel and the Daughters of Penelope, and touches on livestock prices and salable receipts. The piece also references international aid and the founding of the Red Cross in 1864, with various disconnected fragments.
Indiana market notes hog prices were uneven but mostly steady to strong. Choice light and mediumweights held gains from the prior close, with heavy weights varying. sows, cows, bulls and calves mostly weaker or steady, while spring lambs and yearlings sold around firm to higher levels.
The cotton textile market stayed quick though quiet with the 80 square print cloth selling at 19 1/2 cents a yard, similar to the day before. Brondcloth and sheclings moved lightly. no mill raised prices. Wool goods orders were slow, acetate taffetas and crepes showed some interest while prices remained about unchanged.
Hogs bring 75 cents under earlier quotes with varied weights and grades. Prices for cattle include choice to prime steers up to 23.00 and cows around 13.00 to 15.00, with calves down about 2 dollars. Sheep and yearlings show steady markets with slaughter sheep about 5.00 down and yearlings 12.00 down.
A loudmouthed shopper harasses a hardware store clerk over a broom and prices while the clerk counsels restraint. The scene includes a joking remark about a flying on Robert Q and a quip about a recovering actress. Copyright 19H Bennet Cert distributed by King Features Syndicate.
Stobert B. Lybrook of Franklin was named judge of the Johnson Brown County Circuit Court to fill the unexpired term of Judge Oral Barnett who died in May. Lybrook, a former joint county prosecutor and current Johnson County attorney, will sit on the bench until December 1954.
A four hundred forty eight APL machinists walkout closed eight tool and die shops in South Bend Ind after a union charge that the firms used unethical layoff practices. James F Thornburg lawyer for the eight companies said 165 workers were laid off due to expiration of a wage contract clause May 1, hindering work on orders.
Chicago grain markets advanced as wheat led gains with 13 percent highs and corn also rising amid firmer futures in Minneapolis. Oats and soybeans gained while rye held steady. traders noted large winter wheat arrivals at Enid and ongoing government placement of new crop under price support. Cash corn demand remained strong, with light receipts in Chicago. A stray note mentions a newborn Indian elephant at about three feet.
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