Profit Takers Weaken Share in Market Slide
NEW YORK AP Six month profit takers help drive stock weakness as investors take gains to avoid taxes. Grimm of Walston & Co cites heavy six month traders in Certainteed and lists other hit names such as Standard Kollsman Magnavox Avnet Zenith Metro and Emerson Electric. Kidder & Co points to Kennedy Khrushchev statements and copper prices as factors, while S P notes a brake on advances. Secondary offerings remain low.
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New York
Wall Street
Grimm
Walston &Co
Iter
Teedit Products Corp
Materi
Standard Kollsman
Magnavox
Avnet Electronics
Zenith
Metro
Galdwyn-Meyer
Emerson Electric
A. M. Kidder & Co
Kennedy
Khrushchev
Kidder
King Ahead
Standard & Poor's Corp
Q's
Qater
Butcher Hogs Gain Sharply In Indianapolis Market
Hog prices rose with bulk 180 to 240 pounds at 16.83 to 37.50, 240 to 276 pounds 16.25 to 17, 270 to 280 pounds 36 to 16.50, sows 13.75 to 15, 400 to 600 pounds 13 to 14, cattle and bulls steady. Lambs active, choice lambs 17.50 to 18.50, ewes steady, various cuts and weights quoted across the market.
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Indianapolis
Spirit i
Zalfio
Stock Market Rallies Erasing Monday Losses
The New York stock market recovered on Tuesday erasing Monday's AP average loss and posting the largest gain in about two weeks. The rise restored about 2.7 billion in market value with durable goods orders and sales up, while the Dow and AP averages showed notable gains as investors revived confidence.
MENTIONED IN THIS ARTICLE
New York
Associated
Wall Street
New York Exchange
Igood News
Doug
Dow Jones
Local Livestock Market Prices and Market Close
Prices for hogs ranged 190 to 240 pounds at 16. a head, 230 to 300 pounds at 14.50, sows at 14.25, good steers and heifers 20.00 to 22.00, choice steers and heifers 22.00, calves 30.00 down, cows 12.00 to 16.08, bulls 19.00 down. Dow Jones gained 7.19 to 687.87 as AP stock averages rose. 1,253 issues traded with 695 up and bounce in volume. American Exchange volumes about 4.3 million.
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Dow Jones
American Stock Exchange
U.S
Exchange
Muncie Livestock Market Closes Promptly at 2 PM
Livestock market ends at 2 PM with late arrivals carried to next day. Hogs steady to 25 cents higher across weights 200 to 330 pounds. Prices listed for various weight ranges: 200-220, 240-280, 280-330 pounds, Roughs Stags and Boars shown with ranges. Steady in major figures $19.00 to $23.00.
Hogs Gain Up To 50 Cents At Chicago Market
The Chicago hog market Tuesday showed 28 to 50 cent gains with 6,000 head on sale. Top price reached 18 dollars, up 50 cents from Monday, though demand was selective and only about 30 head of 190-220 pound mixed No 1 and 2 grades sold at the higher level. Cows, bulls, and sows moved variedly with lighter weights and mixed lots bringing 15 to 19 dollars for some, while vealers, heifers, and primes showed mixed strength.
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Bob &Harold Jarvis
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Miller's O'Brier Paints
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Hoosier Rome Provement Co
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Tad
Paren
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Meridian St
Tronings
Anderson
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NichoAve
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van Laningham
Anderson Br
Edgewood Plaza
Discount Giant to Open First Store in Pittsfield
NEW YORK reports Neisner Brothers Inc plans a nationwide expansion into discount retail with its first discount department store set to open next spring in Pittsfield Massachusetts. The company is seeking additional locations as it pushes a broader discount field strategy.
MENTIONED IN THIS ARTICLE
New York
UPI
Neisner [Brothers, Inc
Pittsfield
Mass
Variety
Grain futures open firm on board as rain anxieties rise
Chicago AP reports grain futures held a generally firm range at the start and stayed near day highs. Wheat, corn, oats and rye edged higher on fears of worsening Northwest crop conditions unless rain arrives soon while soybeans fluctuated and mostly fell.
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Chicago
Board of Trade
nNorthwest
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