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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 08, 1954
Page
25
New York stocks moved narrowly on a mixed price path closing a bit lower. Railroads edged lower as some issues posted losses, while a few blue chips offered slight gains near the end. The Associated Press average fell 10 cents to 125.40 with light volume of 1,520,000 shares.
Grains closed with small losses on the Board of Trade as early resistance eased. Wheat, corn, oats, rye and soybeans slipped modestly amid ample harvests and weak demand. Enid Oklahoma reported 1125 cars of new crop wheat, while government export subsidies rose in the US and Canada lowered export prices.
Local livestock price list shows 180 to 230 lbs at 25.40 and 26.15, 203 to 260 lbs at 23.65 and 24.90, 260 to 300 lbs at 21.40 and 23.15, with hogs 180 to 300 lb weighed together and priced by average weight. Desert Monument near Death Valley noted. Auctions: Mrs Earl Harreld household goods near Alexandria, real estate sales for Paul D. and Edith M. Fadely, Irving Coffman estate real estate and livestock, Willard Sinnett real estate in Daleville, and Super Manufacturing Co. real estate and factory machinery in Alexandria, Ind.
Muncie hogs held steady on Monday with prices across weight ranges from 180 to 400 pounds. Cattle saw mixed values for steers and heifers from good to utility grades, while calves and lambs remained lower or steady, reflecting market conditions for the period. Slaughter sheep and yearlings also showed declines or stability in typical ranges.
In New York on Monday scattered sales of print cloths and breadcloths occurred with prices about unchanged. A few producers reported fair drill sales to work clothing makers. Wool goods stayed quiet as a six week strike at 11 plants of a New England mill group ended. Rayon buyers favored nearby deliveries and some cloth prices edged higher.
New York rates show improved Treasury obligations as government bonds rise on light supply. 30 year 3M% climbed 6-32 to 109 12-32 bid while 2% bonds of 1961 gained 4-32 to 101 20-32 bid. New 1% bonds of 1959 advanced 1-32 to 100 1-32 bid.
In Indianapolis quotations for Monday show hog prices up 25 cents for light and medium weights with heavier hogs firm to 50 cents higher. Bulk 170 to 240-pound barrows sold 25.75 to 26.50, with lighter lots at 26.65 to 26.75 and 270 to 300 pound hogs 24 to 26, 22 to 24 for 21 to 22, and 120 to 160 pounders steady 22.50 to 24. Cows and bulls varied little, steers and heifers near steady, with high weight steers arriving around 24.75 and 950 to 1180-pound lots at 23 to 24. Utility grades ranged 11.25 to 14 for cows, cutters 13 to 15 for bulls.
In Chicago and Jerusalem markets hogs, cattle, and sheep faced a generally steady to softer tone. Prices ranged from $18 to $26 for hogs, $11.25 to $25 for cattle, and $19 to $26.60 for spring lambs while total receipts neared 19,000 head across cattle and sheep.
The Supreme Court upheld the constitutionality of 1946 Lobbying Act provisions requiring congressional lobbyists to register and file financial reports. Chief Justice Warren noted invalidation would hinder Congress's self-protection powers. The court left penalties provisions undecided for now, to be addressed if suits arise. Defendants include Robert M. Harriss, Ralph W. Moore, and Tom Linder.
The Supreme Court ended its term with Monday's session and adjourned until Oct 4. It will hold hearings Oct 12 on how states can carry out the court's decision outlawing racial segregation in public schools. The hearing is expected to last one day, with final decrees possibly months away.
Yesterday several patients were discharged from St John's Hospital including Clifton Elliott of 511 Henry Street, Mrs Bernice Butler of 731 West 13th Street, and Leeson James of Chesterfield. Also released were Karen Elaine Snyder of Alexandria and Mrs Alma Stires of 1509 Euclid Drive. Infant son of Mrs Edward Teague and infant daughter of Alexandria, both listed at 1802 East 5th Street, were discharged. Further, infant son of Mrs David Keeney, 2320 Sherman Street, infant son of Mrs Hobart Smith of Middletown, infant son of Mrs Jack Davidson of 2524 Brown Street, and Mrs Anna Hale of Edgewood. Francis Schwants of 1211 Madison Avenue and Elsie Keesling of 2909 Sheridan Street plus St John L Clemons at 1420 Sherman Street were also released.
Two thirds of U S auto service stations extend credit to customers and such credit sales make up about one fifth of total volume nationwide according to the report.
William Wood Prince heads the International Amphitheatre and says he wants the 1956 party conventions there. The Union Stock Yard and Transit Co. will match or improve a $200,000 air conditioning upgrade and plans a $180,000 south side addition, pending talks with Republican and Democratic officials. A heifer is defined as a cow under three years old.
New York report announces Bio-Dyne based preparation named Preparation H offering a painless shrinkage of hemorrhoids and stop the bleeding. Cases claim prompt pain relief and thorough reduction, with some sufferers saying piles are no longer a problem. Money back guarantee advertised at drug stores.
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