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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 16, 1955
Page
11
Stocks rose early with the Associated Press index near a record high while volume stayed light. A market pause for a civil defense drill cooled gains as utilities and industrials showed mixed moves amid sporadic lease and price shifts.
Quotations from stock markets are listed with prices and changes for the trading session. Details appear for several leading issues and minor listings across major exchanges.
Market notes show hogs advancing to a month high with strong demand for Alaska meat products pushing live hogs to new nine month peaks at the stockyards. Prices for sows, heifers, and choice vealers vary, with some declines noted in calves and cows.
Market notes show livestock in Muncie steady with hogs trading firmer and meats stronger on condition. Trade activity centers on demand at local auctions with buyers watching prices and futures.
The report notes grains and livestock markets advancing with higher prices for hogs and cattle. Cotton and dry goods show mixed to firmer trends while textile prices rise slightly on firmer demand. weather and market reports enter into late session shifts and noted price boosts.
Secretary Weeks notes new UAW Ford and General Motors contracts promise 60 to 65 percent of wages for six months if workers are laid off, calling it an extension of unemployment insurance. He questions how a business can guarantee wages during bad times amid the conference remarks. The article mentions broader industry chatter and wage protections.
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