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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 22, 1957
Page
6
Cattle numbers neared 9 500 head on Tuesday versus 8 000 expected and last week’s receipts of 8 000. Fed steers and heifers were steady to 25 cents lower while cows and bulls rose as much as 25 cents. Vealers remained steady.
Stockers and feeders steady to strong with high choice dealers at 24.50 to 26.25. Hogs mostly steady through mid session then steady to 25 cents lower. sows steady to weak. No. 1-2 200-220 lb butchers 18.75 to 19.00. a lot of 68 head at 19.10. Mixed 350-550 lb 14.00 to 16.25. Receipts 8,000 head. Lambs 50 cents lower. slaughter ewes steady. Good and choice lambs 20.00 to 22.25. select and prime spring lambs 24.00 to 25.00. Receipts 1,000 head.
The cotton textile market stayed steady with some forward cloth buying, not matching last week's pace. Wool goods saw price gains on cloth, mills announced schedules up to 20 cents a yard. rayon fabrics like acetate taffetas and satins sold moderately for a third quarter, with higher prices on some taffetas and constructions.
May grain futures edged lower as oats and wheat led declines while corn held near unchanged. Traders noted ample Chicago stocks and a wet growing season with slow corn plantings in Indiana and Iowa, with the Weather Bureau forecasting needed warmth and sun for winter wheat regions.
Prices of hogs were about 40 cents lower with some listings showing only 25 cents off. The Indianapolis market news notes general weakness as marketing expands and buyers adjust bids amid steady supply on Tuesday.
The Madison County Soil Conservation District board approves an air lift for June 9 to provide free rides over farms. Organizers include Flying Farmers of Madison County, Anderson Airport, Soil Conservation Service, and Extension Service. County agents, Purdue staff, and local airplanes will carry farmers and spouses with educational displays on contour farming, grass waterways, ponds, drainage, and erosion control.
Market prices for cattle hogs and grain list various weight ranges and price bands. The report notes steady to weak demand for steers and heifers, strong bulls, and mixed hogs with several per head and per hundred weight figures. It closes with a note that Nicaragua uses the cordoba named after founder Francisco Cordoba.
Rural ad lists calf prices steady to good at 15 to 23 dollars, lambs around 20, and various poultry figures. It promotes landowners and farm families to visit Anderson Airport for a farm-ride program from 9 a.m. to 4 p.m., with an $18.25 fare and free air views of designated farms.
The bond market drifted lower with dull trading and light dealings. Investment quality corporates eased while rails, industrials and utilities were narrowly mixed as U S government bonds declined in long range issues.
Multiple auction notices list sales by M. Hood and W V Byrne in Alexandria Indiana and New Castle Indiana. Items include grocery stock and fixtures, furniture, and real estate. Auctioneers include Elbert Frazee H Kirk W V Byrne and Ege Hood. Locations cover Madison Avenue South 18th Street Washington Street and South 21st Street. Dates span May 22 to May 25 with varying 7 PM and 1 PM start times.
The stock market edged toward new highs for 1957 then paused with mixed results. Oils and aircrafts advanced late while overall averages finished down. the Associated Press index slipped 10 cents to 185.00 as volume rose.
The annual YMCA Spring Festival starts at 7 30 p m in the YMCA gym and runs through Thursday evening. Over 300 performers are slated for 20 events including stunts acrobatics and gymnastics with music by the Anderson High School Band. Several hundred people expected to attend and events include a children from Madison County Children's Home hosted by the Anderson Rotary Club. Miss Hilda Genenda and Ralph Willis lead the girls program and Ted Stewart coordinates the festival.
Inclement weather halted a door to door canvass by 230 volunteers for the Madison County Mental Health Association fund drive. Campaign finance chair William Rowland said canvassing will continue tonight weather permitting with all workers wearing armbands. McKee named to Real Estate Commission to replace Anderson after eight years of service.
Madison County fruit growers plan a twilight session hosted by the Eastern Indiana Fruit Growers on Thursday at 5 30 p m at the Ivan Roetken orchard on the west edge of Muncie near W 8th St Perdheu Road or just east of Ernst Nurseries along Ind 32 Purdue extension horticulturist Frank Emerson will discuss up to date insect and disease control for apples and peaches. The Isthmus of Panama and Alaska definitions are noted in a separate item.
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