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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 15, 1956
Page
5
New York stocks slipped after a three session rally as losses broadened on news of illness and wartime uncertainty. The Dow average fell to around 181.40, with the industrials down and utilities advancing slightly amid lighter volumes on the New York and American exchanges.
The market reports Chicago Wheat rising on upbeat futures amid weather fears and delayed selling by farmers. Corn and soybeans showed weakness as moisture forecasts and hot, dry Northwest conditions weighed, while oats and lard moved variably and eggs steadied in New York wholesale markets.
Lafayette Ind UP five per cent of Indiana farm areas reported shortages of moisture last week despite heavy rains and floods two weeks earlier. Agricultural statisticians at Purdue said field work was possible with five per cent showing moisture shortage and nine per cent excess. About 45 per cent of corn has been cultivated. hay cutting progressed with 38 per cent of alfalfa and 18 per cent of clover cut. Corn replanting completed. beans nearing completion. oats about five per cent graded. pastures remained high. Corn average height four inches. wheat 77 per cent planted and 9 per cent in milk. oats about 4 go per cent braded.
Indianapolis market reports mixed animal prices across hogs cattle and calves. Bulk choicer steers 20 to 21 dollars, sows weak, bulls steady, heavy calves 15.50, spring lambs slow with bids lower. Fryers steady in Lafayette with white rocks 18 to 23 dollars and heavy fowl weaker. Use the classified section for full details.
Hogs were 25 to 40 cents lower with slow demand as receipts lagged. Cattle runs reached about 7,300 head with steady to weak pricing for steers and heifers, while cows and calves showed narrow gains and losses. Sheep and lamb markets eased, with spring lambs trading mostly lower and light demand. Poultry notes list heavy hens and Leghorn hens among current receipts.
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