Markets Fall As Politics Weigh On Stocks In NY
U S stocks slid on Monday as politics profit taking and weak economic signals overshadowed gains. The Dow fell 7 to 954.39 while the NYSE saw more declines than advances and volume shrink.
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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 06, 1972
Page
16
U S stocks slid on Monday as politics profit taking and weak economic signals overshadowed gains. The Dow fell 7 to 954.39 while the NYSE saw more declines than advances and volume shrink.
Market listings show hogs, cattle, sheep, and lamb quotations. Hogs steady at 210-240 lbs 26.50-27.00, 240-260 lbs 26.00-26.25, 260-300 lbs 24.00-25.50, roughs 400 down 22.25-22.75, boars 19.3-35. Cattle and sheep quotations include choice steers 33.00-36.00, good to choice steers 30.00-33.00, heifers 32.00-34.00, cows 18.00-22.00, lambs 85-105 lbs 23.00-25.00, slaughter sheep 3.00-6.00. Calves, sheep and lambs traded only on Thursdays.
The Southern Baptist Convention the nation’s largest Protestant body revisits its stance on the 12 volume Bible Commentary amid calls from Rev Gwin W Turner and a splinter group to halt its sale Critics say the move resembles a book burning while opponents warn it could fracture the fellowship The debate echoes earlier clashes at Denver and St Louis as leaders defend doctrinal standards and clerical history
Chicago Board of Trade grains closed with wheat and oat declines while corn and soybeans slipped modestly. Export demand was subdued amid no fresh Iron Curtain market news, and harvesting weather in the Southwest and Corn Belt supported prices overall.
New York market roundup lists mutual fund bids and asks from NASD Inc. and NASD trading data showing Dow Jones averages and stock activity. The report covers price ranges, volume, advances and declines, plus notable quotes from major firms and fund groups.
Markets close with stocks lower in moderate trading led by mixed U S equities. Bond activity remains steady in quiet trading as analysts note cautious sentiment. Cotton and Chicago grains trend lower with wheat soybeans and corn slipping. Cattle hold firm with top price around 38 dollars. Standard & Poor's indexes show slight declines from midday readings.
Multiple sale notices listed for Saturday June 10 featuring public auctions of antiques furniture household goods and miscellaneous items. Locations include 524 W 7th St Anderson 1315 Chester St Anderson and other sites with various auctioneers Talton Mercer Harold Hoppes Wayne Pheanis Hood Auc tioners and Egg Hood Jack Humphrey listed among the organizers.
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