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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 16, 1963
Page
19
A continued rail rally spread to other issues, boosting the stock market with heavy volume of 5.65 million shares. The Dow rose 4.50 to 724.34 as 646 stocks advanced and 419 declined, with Chrysler up after May delivery gains and the AP average climbing to a new high of 273.5.
A series of public and guardian sales scheduled for May including Brehm C Jackson auction 85 miles northeast of Greenfield, Anna E Wood guardian sale 530 Woodward Street Lapel, Elbert H Whelchel auctioneer, Raymond Shirey executor sale Daleville, and Gee Stewart executor sale 2630 Jackson Street with H L Kirk as auctioneer.
Hogs 15c higher 1190 to 240 lb range 14.90 15.15. 240 to 300 lb 13.90 14.40. Sows 13.00. Cattle good steers 21.00 22.50. choice steers 22.00 23.50. Lambs steady spring lambs 22.00 down old crop 20.00 down. sheep steady slaughter sheep 4.00 6.00. Local grain from Farm Bureau Elevator shows prices around 1.66 and 2.49 with oats around 1.10.
A dense listing of stock quotations with high and low figures in brackets and company names across industries. Includes American Tel & Tel, Alcoa, Bethlehem Steel, Ford, General Motors, IBM, Pfizer, Texaco, U S Steel, Westinghouse and Dow Jones Averages with approximate volumes.
The notice quotes dieters who report weight loss on the Comet Rice Diet, noting varied results from 10 pounds in 10 days to gains. It cites an independent group finding an average 8 pounds loss in 10 days, with high willingness to recommend. The ad promotes receipt of diet materials and a Box Top offer in Dallas, Texas, 1962.
Chicago AP reports demand renewed firmed corn and May wheat futures on the Board of Trade. Old crop corn led gains up more than a cent as a government sales cutback report spurred short covering. New crop wheat eased with May contracts near season lows before finishing barely higher or lower.
New York AP report notes market sentiment favors an all time high for the Dow Jones industrial average. Analysts including R E Scruggs of Goodbody & Co. cite rising stock supply and strong earnings, with General Motors dividend boosts drawing public attention. The Dow’s old peak of 734.91 may fall soon.
The Civil Aeronautics Board urged Congress for new powers to curb overseas fare hikes. Chairman Alan S. Boyd testified amid U S. grumbling over backing a 5 percent transatlantic fare rise by European airlines. The CAB had allowed Pan American World Airways and Trans World Airlines to proceed with round trip increases under State Department pressure.
The report shows price ranges for cattle and calves at Muncie with weights 200 to 300 pounds and up. Steers and heifers range from about 14 to 23 dollars, utility to prime categories noted, with cows steady and bulls selling 14.50 to 19.00. Calves remain steady in the market.
AP dispatch says butcher hogs sold strong to 25 cents higher despite slow trade for about 6,000 head. Select 190-220 lb No 1-2 hogs topped at 16.25, similar lots 14 to 15.50 for 1-3 grades up to 300 lb. Slaughter steers down up to 75 cents on 1,200 lb plus offerings. prices mostly steady to 50 lower with high choice and prime 1,200-1,365 lb at 22.50-23.50 and other grades around 18 to 24.00.
Prices for hogs were steady to 25c higher with sows up 25c to 50c in Indianapolis market. No. 1 and 2 barrows 190-225 lb sold 15.75 to 16.25 dollars with 34 head at 16.25. Cattle and sheep had varied gains and steady activity across weights, with steers 950-1200 lb at 21.50-22.50 and heifers up to 21.50, while lambs sold 23.50-24 for prime. Sheep receipts around 100, mostly mixed, with canners and cutters 13-16 dollars.
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