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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 28, 1958
Page
6
New York stocks showed an irregular session with a mix of gains and losses. Early in the day many issues opened unchanged. volume fell to about 2.12 million shares as prices drifted with a slightly lower start and stronger close.
The market faced resistance near yearly highs with little stimulus to push decisively. Ex-dividend pressure weighed on many key stocks while hog futures and meat prices showed mixed signals, aid from steel and copper gains offset by a weaker Associated Press index and varied sector performance.
Hog prices stayed about steady with 160 to 165 pound hogs at 21.25 to 21.50 as sow sales rose 50 cents. Barrows 180 to 240 pounds sold 22.75 to 23.50, with some 190 to 225 pounders at 23.25 to 23.50 and a top 23.75 for 190 to 215 pounds. Cows and bulls eased to steady, with 340 pound cows around 21 and utilities 19.50 to 21, some down to 18.
The dispatch records mixed activity in the cotton textile market with scattered deals mainly for spot and nearby delivery. It notes varied livestock prices with steers at 25 to 27 and 31.50 to 31, heifers around 24, sheep steady, and hides and wool goods prices, all reflecting a subdued market in late period trading.
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