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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 10, 1955
Page
25
New York markets edged higher early but faded by close. Montgomery Ward stood out as Sewell Avery resigned as chairman amid a battle for control with Louis E. Wolfson. NYSE halted trading for nearly an hour after the announcement.
On Monday most grains stayed firm with May wheat up close to two cents a bushel and new crop futures trading. Deferred wheat dipped on rain in the Southwest while corn oats rye soybeans showed modest gains or declines. Trade noted government owned receipted cars and producer interest shifting toward planting the new crop, futures closing with higher September bids.
In the dry goods sector of New York markets, print cloth prices rose to the higher end of the range after substantial sales last week. Mills boosted asking prices by percent to n cents a yard, dampening immediate buying interest. Wool goods saw continued reorders for fall lines while rayon cloth purchases remained small fill-in lots.
Hog market shows 25 cent gains for butchers and sows amid 9 500 head turnout. No. 1 and 2 hogs 190 to 220 pounds bring 18.00 to 18.25 per cwt, while sows 450 pounds and lighter fetch 13.50 to 15.00. Cattle receipts 21 000 head with steers 50 cents to 1.50 lower. prime 1 100-pound steers reach 27.00. heifers and cows also slide. lambs mostly steady to 1.00 lower. 50 head choice 75-pound lambs at 22.50. Salable sheep 3 000 head.
Muncie livestock buyers pushed hogs higher by up to 25 cents with conditioned meat types at 18.25 for 180 to 220 pounds and 16.50 to 17.65 for heavier loads. Cattle ranged from good to choice steers at 19.00 to 22.50 with calves down about 50 cents and lambs listed around 20.00 or lower. Slaughter sheep steady with buyers paying 600 down.
U S government bonds rose in slow over the counter trading while the corporate market held steady and railroads showed irregular activity. Big Board volume climbed to 4 330 000 par value from 4 280 000 Friday and 3 777 000 a week ago. An eight truck export feature notes Detroit production and cites 1953 averages for the American family with 3 5 children for export purposes.
Hog prices rose mainly 25 cents in moderate activity in Indianapolis. Bulk 180 to 240 pound barrows sold 17.75 to 18.25, with some 180 to 220 pounds at 18.50. 240 to 270 pounds 16.75 to 17.75, several near 240 pounds to 18, 270 to 300 pounds 16 to 17. Cattle and sheep also noted softer bids and mixed sales. cows and bulls weak, lambs steady to weak, and primes up to 24. A four load string and a few arrivals were reported.
Market listings show prices for livestock by weight with figures for 180 to 210 pounds and other ranges. A note mentions hog averages and grain prices for soybeans and corn. Also a brief fact states Tulsa heating with natural gas has risen since 1940 and a Washington tax figure notes motor fuel taxes per 10 gallons of gasoline.
Valley Grove PTA will install new officers at a meeting Tuesday evening in the school building. Anderson PTA Council head Pete Heiden will be principal speaker and discuss the value of belonging to state and national PTA organizations.
The Commission on State Tax and Financing Policy will study replacing the gross income tax with a sales tax and reforming county highway administration over two years. Court ney Johnson remains chairman and Anson S. Thomas vice-chairman. Budget Director Donald H. Clark to serve as secretary. The panel, formed in 1953, includes Gov. Craig and other state officials. There is also a note that there are three times more widows than widowers in the U S.
Western delegates reported the last major barrier to Austria independence removed in Vienna as a five-nation accord irons out treaty text. Disputes over Austrian oilfield concessions and Soviet property in Austria linger, with Molotov open to separate Soviet Austrian talks. Western ministers aim to sign the treaty by the weekend as U S Dulles MacMillan and Pinay travel to Vienna.
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Awaiting U S approval Austria could win freedom this weekend ending 17 years of occupation. In five sessions last week the Big Four ambassadors and Austrian Foreign Minister Leopold Figl firmed most of the independence treaty text. Oil rights remain disputed as oilfields once owned by American and British interests, later sold to the Nazis, are argued over again with Russians insisting they stay Austrian property.
Two persons were transported by a Harold E Rozelle ambulance from St John’s to private residences. They are George Highbaugh Rt 3 Anderson and Mrs Hattie E Vermillion 1848 Lafayette St. Mrs Mary L Deisher was taken from 25 E 38th St to St John’s.
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