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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 21, 1958
Page
9
Market news from New York reports a partial rebound after Thursday's declines with rails and other sectors pushing higher. Pork and meat prices show mixed results as weights and grades influence bids while overall sentiment remains cautious.
Traders pushed prices higher on Friday with hogs at 23.75 to 24.75 for 190 to 240 pounds and 24.40 to 24.75 for top 240 to 270 pounds. Soybeans rose in late trading while wheat wheat sold 22 to 23 for 270 to 310 pounds, with cattle and lambs showing mixed shifts as moisture delays harvest weigh on the Great Plains.
The report notes the top hog price at the yards was the highest since July 1954 at $25 for about 450 head of 190 to 215 pounders with early gains around 25 cents. The market opened up and closed steady to weak with midsession sales up about 25 cents. A separate item mentions a bomb threat call to a westbound plane in South Bend.
U S and government bonds rallied from Thursday's drop with gains up to a quarter point in quiet trading. Corporate issues fell again under lighter selling pressure, investment grade bonds declined about a quarter to half a point, industrials and rails slipped, utilities held steady, and foreign dollar bonds drifted lower. NYSE par value traded dropped to 4.83 million from 11.70 million. Also noted, Thomas Jefferson, third U.S. president, was born April 13, 1743 in Shadwell Virginia and died July 4, 1826 in Monticello Virginia.
Auction notices itemize multiple sales at various addresses including 422 Biase BE and 1308 West Gh and 37-190 PMeat Aine. Dates include June 11 and June 25 with times around 12 PM. Listings reference goods, household furnishings, and real estate items to be sold by various auctioneers.
The administrator of James Orval McDole's estate will auction on July 12, 1958 at 1 00 P M at 724 Central Avenue Lapel Indiana the decedent's interest in Lot 131 in William Woodward's Ath Addition with a five room house garage and modern conveniences. Sale is subject to court approval for not less than two thirds of appraised value for cash with $500 due day of sale and remaining balance financed. Real estate free of liens except 1958 taxes. Also offers for sale household furniture including rugs dishes gas stove dining set living room and bedroom furniture tools and various items. Auctioneer Elbert Whelchel. No C-2308d. By June 20-27 July 4.
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