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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 10, 1960
Page
16
Wall Street analysts see continued gains for the Dow Jones industrial average after a week of its best performance this year. Experts warn the rally may have limits but point to a possible test of January highs and summer rise patterns in the election years.
The listing shows Indianapolis poultry quotes for Northern and Southern Indiana, with egg prices by size. It also reports Dow Jones closing range data for 30 industrials, 20 rails, and 65 stocks, plus daily net changes and several public-auction schedules in Indiana towns for mid June events.
Observers divide over the speed of a share advance with some warning it may outpace market factors. Analysts argue the move could boost liquidity while skeptics warn of potential volatility and risk to investors.
New York and Indianapolis markets show mixed results with hogs steady to higher and cattle and calf prices fluctuating. Grain bids from Indianapolis mills list corn and wheat at about 1.02 per unit with oats near 60. The market commentary notes Wall Street pauses after a two day advance led by steel and chemical shares.
The report cites Bache & Co on livestock prices and a cautious market view. It notes a January downtrend with divergences and unfavorable signs, suggesting limited reversal potential but improved short term trading opportunities.
In Chicago the butcher hog market rose on strong shipper demand reaching its highest in 13 months. Prices held steady to 25 cents higher with some 190-220 lb Mixed No 1 and 2 at 18.25 per cwt. Other weights and grades ranged from 17.27 to 18.79 per cwt, with sows around 15 per cwt.
Indiana state politics center on a proposed secretary of agriculture as Albert Steinwedel cites Purdue figures showing Indiana farmers have 73 percent parity with the national average. He argues purchasing power is five percent below, while Lt. Gov. Parker opposes the plan. The report notes various livestock prices and market conditions.
The U S Air Force unveiled a dispersal plan for B47 jet bombers to operate at commercial airports with a baked-on silicone lining aimed at easier cleaning and less fat in cooking tests. Officials cautioned the program could last indefinitely and did not confirm weaponization at airports.
Classified Ad Rates Bulletin outlines advertising categories and submission rules. The text lists tutoring piano lessons insurance services and various classifieds while noting deadlines and contact numbers for ads. It mentions thanks and memorial notices and announces job openings for three territory salesmen trainees due to company expansion.
The cabbage looper is a climbing cutworm that destroys cabbages. It is called looper because it has lost a pair of legs and moves by looping into cabbages.
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