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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 13, 1963
Page
10
An editor notes a 1960s study on poverty in the United States. It discusses how many are poor, ranges of income, unemployment, education gaps, and the debate over defining poverty. It cites figures from a Labor Department study and remarks on inequality and policy considerations.
An OCR fragment previews multiple public sales and auctions tied to housing and furniture. It notes rising poor families, with references to real estate auctions in Pens, a 441 East State Street listing, and many auctioneers like Elbert J. Wheelfrk and Harry Clevenger. It also discusses poverty totals rising toward 20 million by 1970 and nonwhite families experiencing poverty.
New York AP reports a broad stock market upturn with higher volume as many secondary issues rise. The Dow Jones gains 4.98 to 724.26 while the Associated Press average climbs to 272.6, with eight of the 15 top issues rising and eight advancing, including Sperry Rand amid mixed early activity.
Corn and new crop soybeans reach fresh highs on the Chicago Board of Trade with soybeans up nearly four cents a bushel and corn over a cent. Wheat climbs and oats and rye show mixed moves as speculative demand and expectations of lower yields influence trading.
Chicago AP notes butchers paid as much as 50 cents per hundredweight less for hogs on Wednesday with about 7,500 head offered. Mixed No 1 and 2 grades weighing 90 to 223 pounds brought around 17.75 to 18.10 dollars per hundredweight as buyers hesitated in thin activity.
The European coal-steel pool reported crude steel production rising to 6.37 million tons in May from 6.29 million a year earlier. Pool output for the first five months totaled 30.97 million tons, compared with 30.4 million in the previous year.
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