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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 29, 1960
Page
23
New York analysts project irregular market moves in the near term after May and June gains. Various firms note ranges for the Dow Jones industrial average and advise selective trading as leadership firms shift.
Big auction sale announced for Arnolds Jewelry Store stock and fixtures at 510 Locust St Middle town Indiana. Auctioneer Bill Harter will conduct the sale on Friday July 1 at 7 PM.
President Eisenhower will not hold a news conference this week but will meet reporters on Wednesday July 6 at the White House. The White House cited a heavy schedule and the Thai king’s state visit as reasons for the change, noting his last press event was May 11.
A dated wire service note explains that quotations enclosed in brackets indicate the higher price asked and the lower bid. The text outlines how to read two sides of stock prices and cautions readers to interpret bracketted figures as offer levels.
In Chicago the small hog supply the lightest of the year met strong demand with prices up to 35 cents, top at 18.35 for 190-230 lb mixed grades. Producers sold 5,000 head, 10,000 for the week, down 3,000 from last week. Slaughter cattle steady to weak. heifers and bulls mixed with firm to strong prices. Sheep lambs fetch 19-21.50, ewes steady to slightly lower at 4.50-6.
Chicago reports soybeans fell sharply on Tuesday after three straight advances, while wheat corn oats closed near previous levels. July soybeans slid about 15 to 2.10 lower, with rye mostly steady and other grains little changed.
Arthur H. Motley president of the U S Chamber of Commerce told the Better Business Bureau of metropolitan Washington that federal agencies are needed to ensure honesty in advertising but warned against over regulation He urged improvement by business leaders themselves rather than politicians or appointees.
Six large liners arrive from Europe with 6 627 people, a June record for daily arrivals. About 70 percent are American citizens returning home from abroad, as reported by customs officials.
Hog prices were mostly steady with varying weights selling from 12.75 to 18.25 dollars per hundredweight. Steers and heifers remained steady to higher with large animals at 22.50 to 26 dollars and lambs about steady with several lots 18 to 21 dollars for 80 to 100 pounds.
Pendleton band and chorus director James Patchett resigns after seven years to accept a position in Mooresville. Also noted are Peggy Shelton returning home from Evangelical United Brethren Mission Hospital and Miss Elizabeth Senekjian's brief visit, plus local social, medical, and family updates.
Detroit reports from the Automotive Manufacturers Association show U S motor vehicle output last week at 166,890 units. Production split into 140,915 passenger cars and 25,975 trucks and motor coaches, compared with 137,747 cars and 25,672 trucks the prior week.
Public notice from Madison County Indiana that the Jackson Township School Board will meet July 8 1960 at 7 20 P M to consider establishing a cumulative building fund and a 50 tax on each 100 of property to fund new or remodeled school buildings. Taxpayers may attend and speak before adoption and approval by the State Board of Tax Commissioners. Signed Noble Likens Trustee John Mills Harold Beck Omer Hobbs. No. C 5029 June 22 29.
Hogs moved steady to 10 cents higher with select No 1 hogs at 18.15 per hundredweight for 200 to 240 pounds and ranges up to 17.90 for 240 to 280 pounds. Cattle prices ranged from 15 to 26.50 for various steers and heifers with cows and calves noted, while lambs and sheep posted steady, with lambs around 20 and slaughter sheep 4.50 to 6.00.
Market slides as dull business news weighs on Wall Street. Dow falls 5.03 to 637.46, AP average down 1.20, with 327 advances and 696 declines among 1,236 issues. American Motors hits year low and volume rises.
Tucson police released a message from an airmail special delivery letter that reads Please keep an eye on my house while I am on vacation. The postmark shows Trecs.
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