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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 26, 1962
Page
3
New York stock averages extended a Friday downturn as volume surged to 6.37 million shares, with the Dow slipping and many issues down. Analysts noted continued losses and a broad market softness while livestock prices showed varied movements in the same session.
Local auction listings show multiple sales including a pet auction and real estate items. Names such as Harvey, Ide, Helier, and Pendietor appear with dates in May and June.
Investment advisors note a shift toward gold stocks amid 1962 market jitters. Jones Averages and Gordon rise as miners gain, with funds worldwide buying gold shares while yield-conscious investors seek safer bets.
A surge in buying pushed grain futures higher on the Chicago Board of Trade with most commodities up. Corn lagged with fractional gains while hogs held steady and cattle prices moved up slightly. The note cites Winnipeg and West Germany influence as the catalyst and suggests ongoing market turbulence will benefit gold stocks.
Indiana's 39th annual high school track championships loom as Gary Roosevelt, a dominant favorite, seeks its seventh straight crown. Nine Roosevelt athletes reach finals, including strong mile relay contenders Hood and Harris who have pushed records. Other events may produce multiple meet records as top sharpshooters compete in morning trials and afternoon finals.
Madison Heights and Anderson athletes head to the state meet as top regional performers. Beazley of Anderson eyes a strong 800 meters with Beazley and Horlen in late stages while Pendleton, Frankton, and others push for medals.
Jim Stewart pitched a no hit no run game and struck out 1 as the Orioles beat the Red Sox in a key district contest. Relievers split the nine innings with Baltimore securing the win on timely hitting and stout defense.
Major league results highlight Gentile hitting his 5th or 6th homer and driving in runs for the Orioles in a win over the Red Sox. Cepeda and Pinson also figure prominently for the Giants and Reds. Pitching notes include Estrada earning his third win for Baltimore and Monbouquet taking the loss.
Franz Burwell from Peoria Heights Illinois took a rare break to watch the Indianapolis Motor Speedway practice for a 50 mile race. The auto repairman won a national contest and plans to promote brake tests before trips urging motorists to move a car and test brakes. He also urges checking brake fluid with other routine measurements.
Gold producer shares rise modestly while overall stock market tumbles. Analysts say bullion demand remains steady despite broad weakness, with several companies reporting firmer futures and cautious investor sentiment in New York trading.
Readable results include Fort Wayne Central 161 mile time 4 19.8 credited to Steve Hibler and milestones for Marion Concordia 1959 6-yard high hurdles 14.5 plus 186 yard low hurdles 19.1 by Bob Buck. Event list covers high jump by Gerry Williams Ishartridge 1959 broad jump 23 feet 34 inches Otha Thomaz Evansville Central 1981 and relay marks 3 23.4 by Gary Roosell and Helf mile relay 1 39.6 noting Elkhart 454 ev.
Inglewood California AP Olden Times and Prove It led the field in the 190 added California Handicap at Hollywood Park after 13 horses were drawn. Longshots King’s Windy Saints Crazy Kids Sparrow Case and others competed as Jockey Willie Shoemaker prepared to ride either Olden Times or Prove It.
Villanova advances 10 qualifiers in the IC4A Track and Field Championships as star Frank Budd leads with a 9.5 in the 100 and Gary Gabner of NYU shatters the shot put record. Yale, Morgan State, and Fordham follow with multiple entries amid fast relay times and top marks.
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