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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 19, 1957
Page
13
The stock market retreated Tuesday with aircrafts nonferrous metals and oils showing the widest losses. The Associated Press average of 60 stocks fell 90 cents to 185.40 as industrials rails and utilities declined. volume rose modestly with 2.4 million shares traded on the New York Stock Exchange and 300 thousand on the American.
Corporate and U S government bonds declined with higher short term rates. A top-grade utility paid 4.91 percent on seven million dollars, its highest cost in 27 years. Corporate trading on the Big Board reached 5.13 million, a post April low. Long term government bonds were thin on the over the counter. Convertibles fell as stock declines continued. Standard gauge railways dominate U S miles at 99.74 percent, with 584 miles on 3 foot gauge.
Stock quotations show a weak trend in grains with corn and rye dropping up to 1% and oats easing. Wheat edged down about a cent but closed mixed with wheat futures rallying late. Traders cite light volume and awaiting farm vote on marketing quotas.
The government weekly weather and crop summary notes excess rainfall from Nebraska and Kansas toward Indiana promoting rank growth and pest issues in winter wheat while corn planting progresses. Hog prices eased on Tuesday as market activity shows government corn sales to exporters affecting futures. CCC reports large soybean sales in several states. cattle and lamb markets show steady to lower shifts amid ongoing market adjustments.
Eighteen head of butcher hogs hit the $21.00 top in Chicago trading, matching the highest price in two years as receipts ran light at 6,300 head and butchers remained steady. Sows stayed firm to strong, while several lots of No 1 to 3 butchers reached $20.40 to $20.50. mixed sow weights sold from $16.09 to $17.00. Cattle volume dipped to 5,300 head with steers generally steady to 35 cents lower and top loads at $24.00 to $26.50. spring lambs eased $1.00 to $1.50 with good to prime weights at $21.00 to $23.00.
Peiping radio airs Mao Zedong secret speech admitting Hungary revolt jolted China and noting possible similar events here. The address discusses government class tension and urges non coercive education, reflecting shifts in stance toward Stalinist methods and the Soviet model.
The American Veterinary Medical Association reports a new illness affecting hens in the South and East linked to high energy feeds with fats. Affected birds show liver fat content up to 65 percent, versus about 10 percent normally, with first symptom being cessation of egg laying.
The Indiana General Corporation Act dissolution notice informs creditors and others that K and M Home Builders Incorporated is about to dissolve per resolutions of directors and shareholders. This is issued by the board of directors for official action and notification.
The executor of Marie M. Collier's estate will sell at 1:00 PM on July 1 1857 in Madison County Indiana the decedent's real estate at 229 W 4th St Anderson including a 13 room house with three apartments and a garage plus a strip of Lot 3 Block 3 in E M Jacksons First Addition. The sale requires 1000 down, balance in 30 days, no liens except 1957 taxes, and tenants rights apply. Personal property includes living room furnishings a piano beds and dressers a washing machine and other items. Sold subject to court approval and merchantable title.
NY market reports cloth prices steady with weak demand for fall wool goods. Auction notices include John W. Carenter Sr dispersal sale near Jackson St. Pike and multiple real estate and personal property sales across towns with dates in June and July.
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