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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 07, 1962
Page
8
The market recovered more than half of Monday's drop with trading above four million shares. The Dow fell 8.95 to 603.91 while the AP 60 gained 3.40 to 222.70 as volume declined and most issues moved higher.
The grain futures market weakened Wednesday with selling pressure in late trading. Most contracts finished near daily lows, led by declines in corn and wheat while oats and barley also fell, with prices closing down across several months.
Hog and cattle prices fell into a sparse sale day with mixed gains across weights. No. 1 and 2 hogs 190 to 225 pounds scarce, selling around 16.65 to 16.25. 180 to 240 pound butchers 16 to 18.65. 240 to 270 pounds 15.50 to 16.25. 270 to 300 pounds 15 to 15.50. 300 to 330 pounds 14.50 to 15. sows 300 to 400 pounds 13.73 to 14.50. cows and bulls largely steady to strong. spring lambs firmer by up to 30c.
Chicago AP The butcher market rose up to 50 cents a hundredweight with top quotes at 17.25 for mixed lots 1 and 2 grades around 210 pounds. Slaughter steer bids steady to higher with top 28 for 1,225-1,300 pounds. Hogs and lambs showed gains or steady to higher demand, with specific ranges for weights and grades across cattle calves and sheep. Muncie Livestock Market closes at 2 pm. late arrivals carried over to next day.
The AP reports Shields & Co predicts stock market upheavals will reshape investor life for months or years. Acknowledge smashed records and a fragile 1929 ghost, questioning why people buy stocks and whether prospects justify current prices amid lost credibility and skepticism.
The Perfect Circle Corp. hosts a noon to 8 p.m. open house at its Rushville Indiana piston ring factory showing the new plant. Demonstrations will highlight the facility as part of 1961 industry progress. The event coincides with a public exhibit on military trials for a Korean thief case and U.S. Army officers. Mortgage debt in urban homes has risen four and a half times since 1945. farm mortgage debt has roughly doubled. Alan B. Shepard Jr will receive Aero Club Godfrey L Cabot Award on June 14 in Boston.
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