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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 07, 1966
Page
10
Washington AP reports a May rise in unemployment to 4 percent driven by teen job seekers, with 2.9 million unemployed overall. Bureau officials cite government summer jobs programs and more women joining the labor force as factors, while adult male unemployment remains low and the long-term downward trend may resume later in the year.
New York stocks fell in a quiet session as the UPI indicator shows a 0.53 percent decline across 1,365 issues. Major losses hit Chrysler and the auto sector while electronics and chemicals, led by Motorola IBM Fairchild Camera Zenith Admiral Texas Instruments Litton Du Pont Dow Chemical, dragged the market. airlines and metals also declined with Northwest KLM Eastern Delta Kennecott Anaconda Carro backstopping the downturn.
Secretary of State Dean Rusk will travel to Bonn after the Brussels NATO ministerial meeting. He will meet West German leaders including Chancellor Ludwig Erhard and President Heinrich Luebke, with a luncheon planned with Foreign Minister Gerhard Schroeder at Cologne Wahn Airport.
Radio program announces Falls City Beer spots with Fred and Frank on WHBU. Details indicate scheduled discussion and guest banter promoting the local brew.
James O. Cain retires as Director of Works Standards at Delco Remy after 12 years in the post under GM retirement rules. Cecil C. Flowers, supervisor of Works Standards since 1962, takes over the position. Cain joined Delco Remy in 1933 and rose through time study, cost engineering, and works standards. Charles E. Schmitt becomes the 1000th Century Club member for submitting a $100+ suggestion. Chicago grain and poultry prices listed.
Public sales listed for June include Georgie Etta Frazier executrix selling household goods and tools near Shirley and State Road 234, auctioneers Joe Kellum and Jim Bradley. Another sale at National Guard Armory near Anderson College features antiques and estate items from Mrs. B. F. Timmons with Egg Hood as auctioneer. A third event, by Mr. and Mrs. Mark Noel, offers furniture antiques and jewelry at 3820 Madison Ave near Madison Heights High School. Diamonds and jewelry sale also listed at the same Madison Ave location.
A 21 inch RCA lowboy color television with walnut cabinet and new picture tube is offered for 195 dollars at Frank Krall's. Local ad notes WQT as the listing station.
Hogs were traded moderately active in Indianapolis with butchers steady and sows strong to 50 higher. Weight ranges from 190 to 350 pounds saw typical quotes 24.50 to 26.50 for various classes and sow categories detailed in the day’s market. Cattle and calves also moved unevenly with vealers steady and cows fairly active. Spring lambs showed gains with light-slaughter lambs and ewes also quoted.
Local market notes show New Wheat near 1.56 and beans corn oats prices varying by freight costs. New York stock closings and Muncie livestock updates accompany Emge's local livestock market listings.
Across several fund groups listed, prices rose or fell in Monday trading. Notable shifts include National Association of Securities stock up to 22.32 and Franklin Custodian funds up to 8.08 with varied gains across sector funds. Forsyth, Chase, and Dreyfus funds show mixed results with several entries near year highs.
Chicago hog prices were steady to strong with tops at 26.75 per head, No. 1 and 2 at 26.25 and up, and mixed grades up to 26.25. Slaughter steers eased while cattle supply rose to 14 500 head, with Choice 25 to 26.25 and some prime at 27.50. Lambs traded 27 to 27.50 for mixed choice and prime, and eggs per capita fell from 3 76 to 3 16 in the past year.
Markets finished Monday with stocks lower in dull activity while bonds drifted down. Grains rose with wheat up about a percentage, corn and soybeans mixed. hogs gained 25 cents to a top of 26.75 per cwt. cattle slipped 50 cents, tops at 27.25. sheep steady at 27.50. pork loins unchanged at 64.50.
Chicago Mercantile Exchange reports uneven butter wholesale buy prices with varied scores and classes including 93 AA 6544 and 92 A 65 percent with 89 C 63 percent. Eggs remain about steady with Grade A whites and mixed at 3042 and standards at 284.
Prices quoted by the Indianapolis Marketing Reporting Committee list Wheat No 2 red at 1.52, Corn No 2 yellow 1.15-1.17 and No 2 white 1.15-1.17, Oats No 2 white 36 lb bushel 61, Soybeans No 1 yellow 3.01-3.03. Poultry and eggs also listed with categories for Adam Indianapolis roasters 18-24 and eggs grade A large 28-29, A medium 20-22, A small 15-16, B large 22-23.
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