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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 11, 1955
Page
8
New York stocks climbed Friday as railroads led gains and the market closed at fresh highs. The Associated Press index averaged up to a record, with industrials advancing and utilities and rail shares reaching top marks amid brisk volume.
Indianapolis plans call for saving 5.7 million dollars over two years through Craig administration reforms to the State Highway Department. Virgil Smith and the Heller & Associates study outline cuts in maintenance staff, plus switching mowing to weed spraying. Federal cost sharing is expected to aid highway program efficiency.
Members of the HIE 4H Club met at Marilyn Ribe lin home to conduct routine business and witness a demonstration. Miss Wenda Heater, president, led the session. An all play event was announced for June 21 at Peggy Jo dt.
Craig discussed federal sharing of supervising and inspecting costs for subway projects, suggesting potential savings of many millions of dollars though no specific near term figure was provided. A figure of 497,500 was given in a related item.
The 1953 Anderson High School class donated an oil painting titled Early Fall in Brown County by Ruthven TL Byram to the school. Principal Paul Hoffman announced the artwork to be displayed in the main corridor. Sponsors Virginia Vermillian and Harry E. McGoon led the selection with 1984 class officers Curt Huckett Jack Biggs Kay McCarty and Bruce Madren assisting.
The market report shows slight gains in stock and bond prices with strength in utilities and convertible issues, while government bonds eased amid mixed signals. A separate item notes a motorcyclist fatality in Evansville Indiana on Tuesday night.
Hog prices edged up about two cents a hundredweight while cattle and sheep prices varied. Estimated 600 hogs cleared at 17.25 to 20.25 and sow prices ranged 12.50 to 16.50. Nine month high amhora set at 20.50 with sows at 8. Shippers moved 9,000 outside carloads. Cattle forecasts show diverse ranges from 22.50 to 24.50 for high steers and 15 to 21 for cows and vealers around 24.00. Government 639 million bushel wheat forecast down 150 million from year ago, droughts and late harvests cited.
The hog sale in Indianamossa shows prices up 15 to 50 cents with wider weight brackets from under 180 pounds to above 340 pounds. Prices quoted include 19.50 to 20.25 for 740 to 240 pound bulk, 20.50 for some 180 to 23 pound cuts, and 16.78 to 19.50 for 2400 to 280 pound ranges. Cattle and veal trades steady with various lots moving from 14.40 to 22 dollars, while quality hogs hit 20 to 22 dollars for choice to prime. Separate cotton textile market notes cite modest gains and steady demand for spring lines and rayon products.
Auctioneers Mr and Mrs Davdingen Paltte present a livestock and household goods sale schedule. Items include Longhorn cattle at Kibuek Head and local property, plus a house full of furnishings auctioned in Avon and Park Place. Events run Saturday June 2 and Sunday June 3 with times around morning to afternoon. Further items list farm tools, livestock equipment, and personal property across multiple locations in Indiana.
Sgt James ton of Elwood Indiana serving with the 701st Ordnance Battalion in Germany entered the Army in 1941. He is the son of Mr and Mrs James T Slatan of Windfall.
The Whetstone Brotherhood and Sisterhood announce an ice cream supper on Wednesday at 6 30 p m. A following business meeting will be held. Separately Indiana University will telecast its commencement ceremony in full on WITTY TV starting at 10 15 am, possibly the first complete college commencement televised in the United States.
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