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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 07, 1957
Page
12
The States Navy accepted a submarine in April 1900 for 150000 dollars. Marine Holland aided in its commissioning as the first undersea craft of the power plant era.
Oils and steels topped the stock list as volume improved in Thursday trading. Du Pont gained while tobacco shares recovered some losses, oils leading the gains with nine of the 15 most active issues. The Associated Press average rose to 183.70 as volume reached 2.3 million shares, with gains in Woodley Petroleum Pacific Petroleum Hazeltine British Petroleum A&P and Molybdenum among others.
Chicago export and futures reports show a wave of long liquidation and heavier government sales cutting most grain prices. Old and new style wheat, corn, and soybeans moved on strong planting weather and stalled House action on Public Law 480 aids.
Chicago hog quotations show prices weakening after consecutive gains. Slaughter hogs are mostly 25 cents lower with some drops over 50 cents for weights above 250 pounds. Prices for No 1 and 190 to 225 pound hogs range around 20.75 to 20.85, while the market reports a few tops and lagging spring lambs amid overall softness.
Prices at the Indianapolis market show mixed results with hogs mostly lower. Calves, poultry, and grain receipts list modest declines or steady quotes, and buyers report lighter weights and lower top bids across several weight classes.
Muncie livestock prices mostly held steady with steady demand across steers heifers and cows. Good to choice loads sold around 21 to 24 for hogs and calves around 16 to 22 with occasional primes at 35.5. Lambs and ewes showed steady or improved prices with cull ewes at 3 to 7 dollars. Detroit eggs listed with grade jumbo prices and large sizes 33 to 41 cents per dozen.
In quiet over the counter sessions on Thursday U S corporate bonds fell further while government issues held firm. Rail industrial utilities and foreign dollar bonds closed at new lows for the year and high grade corporates rested near Wednesday’s late level. Convertible issues showed strength with stock gains. Pearl grading in Tokyo stresses luster color and spherical shape for value with pink the most prized and certain polar colonies noted in a side item.
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