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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 15, 1957
Page
4
The market surged to new 1957 highs before Tuesday's profit taking trimmed gains. The Associated Press average fell 70 cents to 162.90 as industrials slid and rails weakened, while utilities rose slightly amid heavy trading. Volume for the day reached about 2.58 million shares.
New York bonds edged up with rails and investment quality issues advancing while industrials and utilities held steady. Government notes saw light selling. wool and textile prices rose as mills posted increases, and a German court convicted SS official Sepp Dietrich for manslaughter in the execution of officers in 1934. In Athens a seamstress hospitalized after abdominal pains, the cause unclear, following ingestion of pins.
Local market reports show May contracts ending soon amid overall price softness. Wheat held firm while oats and soybeans fell, with deliveries easing and liquidation driven by export sales and rising country marketings. Cattle and hogs weakened as farmers sold leaner poultry futures shifted at Anderson Poultry.
Hog prices slide amid market pressure as producers reduce quotes and buyers pull back. Analysts note weaker demand and higher supply contributing to a downshift across major pork grades.
CHICAGO auction market reports a generally steady to weak hog market with some early sales down as much as 25 cents. Receipts around 8,500 head include 1% to 225-pound butcher weights at $18.23 to $18.50 and heavier calves and vealers with gains up to 50 cents. Sheep and lamb numbers small with good and choice lambs at $22.25 to $23.23. cows and bulls mostly steady to higher in a varied, bustling market.
Ex governor Walter Kohler and Lt. Gov War ren Knowles announced their candiancies for the Wisconsin U.S. Senate seat to fill Joseph R McCarthy's unexpired term. Gov Vernon Thompson weighed election timing amid a crowded field of GOP and Democratic hopefuls and indicated he would decide soon. Local notices follow with multiple real estate and auction listings across Pendleton Elwood New Castle and Anderson.
Rainy weather gave way to a strong opening night as the tenth annual Merchants and Manufacturers Home Show and Exposition drew a large crowd at Athletic Park. Lions Club leaders Charles Roof and Robert Miller chaired the event with the Hammons executive committee guiding plans. Exhibits span recreation to appliances, autos to boats and monitors, with Featurama highlighted by a local dealer. Admission is free with advance tickets recommended. children require parental supervision.
The United States resumes arms shipments to Yugoslavia after a five year pause, restoring aid including jet fighters and surplus farm commodities. Officials cite Yugoslavia's independence from Soviet influence as the reason, with total military aid previously exceeding 750 million dollars.
Britain ends gasoline rationing as the government resumes use of the Suez Canal. Prime Minister Macmillan seeks to mollify angry Tories amid charges of capitulation to Egypt. The decision follows Monday night when Egyptian President Nasser was acknowledged as canal boss and ships were cleared to pass.
A 14 year old boy confessed to strangling Lise Jorgensen and burying her nude body under the front porch of an apartment house. He told police he invited her into his den after school and then killed her, stating he had no sexual motive. A habeas corpus hearing is scheduled for Wednesday.
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