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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 17, 1963
Page
1
A rally evaporates as selling pressure grows and the Dow falls 1.50 to 22.54. Trading remains active with 5.61 million shares. the AP average of 600 stocks drops to 273.2. Among 15 active issues Chrysler’s split stock closes unchanged at 66.42 on 153,600 shares while bonds mix.
Prices for hogs, sows, cattle, lambs, and sheep were steady to slightly higher at Indianapolis market on Wednesday. Beef and pork values showed limited gains with mixed sales across weights, while grain and feed prices moved marginally, and local business leaders announced a park land purchase plan tied to a public fundraising effort.
The record lists cattle and hog prices at Muncie livestock market with weights and price ranges. It notes the death of a local business manager from a heart attack and details survivors including wife, two daughters, a son, a sister, a niece, and five grandchildren. The article also covers Chicago grain futures with soybeans, rye, and wheat closing variably amid downward trends and rainfall bearishness.
A page of obituaries lists Laura M. Steele 85 of 1115 Delaware St. died at Globe Nursing Home after a year of illness. Also noted are infant Ronald Octen, Warren Rhodes, Ruby Caselingth, Helen Payne, Howard Hathaway, Chester Allen, and Marshall Brooks with details on their ages, residences, family members, and funeral arrangements. Burial and memorials at Rozelle and local cemeteries. The notice mentions car ownership by about 330 million American families.
The Kennedy family faces a miscarriage involving Joan Kennedy wife of Senator Edward Kennedy. Officials say she has no children yet and was three months pregnant with their third child. She was resting at home in Georgetown with reports she may enter hospital later.
Elwood Mrs Zelma Held wife of John Held of 1416 St L St died last night at Mercy Hospital The daughter of Rev and Mrs R Fletcher she organized the Elwood Grey Ladies She is survived by her husband her parents a son Capt Jack Held in Alabama a sister and two grandchildren The body is at Copher and Fesler Funeral Home No arrangements announced
Chicago hog market traded slowly with prices mostly steady to 25 cents per hundredweight lower. Heavy hogs over 230 pounds showed the sharpest weakness while 190 to 230 pound ranges sold around 15.50 to 16 per hundredweight. Slaughter lambs fell about 50 cents as supply stayed tight with mixed good to prime at 22 to 24.50.
A Janeway Services forecast describes market sentiment as strong and strengthening. It predicts the Dow industrial average near a 1961 high could rise to 500 or beyond, with public interest surging as a big move unfolds. The stage is set for a new confidence boom among stock buyers.
Obituaries report Robert Presser of Lapel dying at Riverview Hospital after a lingering illness. He was a WWII veteran, member of Lapel Methodist Church and American Legion, and survived by family in Lapel and nearby towns. Funeral arrangements pending in Lapel. Also notices for Willomene Kellermeyer Fortville, 31, die at St. John’s Hospital after illness. surviving husband, children, parents, and siblings listed. services at Paul C. Cory Funeral Home. burial Gravel Lawn Cemetery. Also appointment of Harold M. Schmutzler of Huntingburg as president of the Indiana Funeral Directors Association and other officers. brief note on egg profits in St Paul.
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