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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 08, 1962
Page
3
New York stocks moved lower as investors shifted focus to Washington and the SEC securities investigation. Turnover totaled 2.33 million shares, the lightest since July, with the Dow at 670.99, 60 stocks up, 606 down and 3,286 issues traded.
A U S Bureau of Public Roads note reports average motorist mileage at 143 mpg with 666 gallons and 9529 miles. The column compares exaggeration in mileage claims to a tale of a man seeking 23 mpg by “adjusting” the car, while bond markets show irregular price patterns and a mixed stock session on the New York Exchange.
Indianapolis market reports firmer prices for butcher hogs with No 1 and 2 weights quoted around 16 to 17 dollars per hundredweight. Sows mostly steady to higher while steers and heifers show strength with gains up to 50 cents. Trading volume and industry figures appear amid mixed quotes and late market summaries.
Indiana high school athletes carry six prep state records into Friday’s sectionals with 16 first round meets set across the state. Officials scheduled all 16 Friday with some afternoon starts in Frankfort Gary Hammond Huntington Indianapolis Linton Logansport Muncie Richmond and Terre Haute. Twilight meets are planned in Elkhart Evansville Fort Wayne New Albany.
Anderson College's crippled track squad resumes action this afternoon on East 3th Street oval hosting Taylor in a dual meet. Ron Parr was the lone local winner at Earlham with a 1304 toss. CHICAGO AP Butcher price gains were strong to 23 cents per hundredweight amid active trade on top at 16.50.
Chicago AP reports a general wheat advance to new season highs on the Board of Trade while other commodities close mixed. Cattle futures show varied gains with prime steers around 30.25 and high price spreads. sheep market steadies with some lambs selling at 17.50. Local prep track and field notes mention Gary preparations for sections and notable runners amid injury concerns.
Livestock market at Muncie closes at 2 pm with post sale carryover to next day. Analysts note cautious Wall Street mood as government April estimates weigh on corn and soybean futures and oil prices. investors monitor spring crop forecasts and potential yield shifts amid market volatility.
Edgewood officials announced hydrants will be flushed Wednesday and Thursday to remove rust and sediment from water lines. The process will not interrupt water service for residents.
The column lists hog prices up to 300 pounds with slight increases and notes corn and oats futures. It also covers cattle with steadier sheets and heifers from 24.00 to 26.00, mentioning a general market improvement after a period of consolidation. Later lines reference grain prices and athletic results, including relay records and pole vaults.
Aven Allen, former Purdue quarterback, adapts to major league baseball with the Minnesota Twins after a strong spring and a solid start in 31 games. He homered four times and drove in 13 runs while proving he can handle big crowds and the big stage. Manager Sam Mele praised his progress and confidence.
New York AP Kan sas City Athletics picked up Manny Jimenez from Milwaukee in a five player deal last December. The 23 year old Dominican outfielder leads Ameran League with a .391 average and 99 points for host Earlham. Jimenez, appearing in 21 games, has 25 hits with two doubles and four homers driving in runs.
Baltimore Colts announce the signing of end R C Owens a free agent since negotiating renewal with the San Francisco 49ers stalled. Owens was reported to seek about 25000 dollars but the Colts imply a lower figure. Owens declared long term potential with the Colts as professional teams eyed him while legal negotiations opened May 1.
Gary Peters 25 arrives for duty with the Pacific Coast League veteran record in 1960 San Diego and 1961 season. He posted 22 wins 9 losses with a strong ERA and is expected to report Tuesday. Meanwhile Indiana stars Humes head to Kentucky basketball showdown with 7,018 reserved seats and a Lions Club WORX ticket drive.
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