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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Oct 06, 1972
Page
23
New York stock market closes with mixed results as Dow Jones averages show a lower range amid varied gains and losses across industries. Major components include industrials and utilities posting shifts while transport and tech shares display uneven moves.
UPI summary shows American stocks lower in active trading with London stocks higher. Bonds steady in quiet U.S. trading. Cotton futures mostly down while Chicago grain futures mix as wheat rises and corn and soybeans edge higher. Cattle market light with insufficient sales. Standard & Poor's hourly index readings provided for New York with several time stamps and close figures.
Quotations from the Muncie Livestock Co. show cattle steady with choice steers at 34.00 to 35.00, good to choice steers 32.00 to 33.50, and low good steers 28.00 to 30.00. Heifers range 32.00 to 33.00 for choice, 29.00 to 31.00 for good to choice, and 26.00 to 28.00 for low good. Cows steady with canners 19.00 to 22.00, utilities 22.00 to 25.00. Lambs steady 85 to 105 lbs at 24.00 to 27.00. slaughter sheep 3.00 to 6.00. Market for calves, sheep and lambs on Thursdays only.
New York reports a sharp market drop after four days of indecision. The Dow fell to 941.30, down 10.01, as volume reached 17.73 million shares. Oil and chemical stocks mixed after a news conference on Vietnam peace talks.
Weather and hush of possible peace talks in Vietnam lift agricultural futures on the Chicago Board of Trade. Wheat and soybeans rise about 20 cents, corn and oats gain modestly, soybean meal up while soybean oil remains mixed. Prices end higher after short covering amid stimulus from a Nixon press conference and Midwest weather forecasts.
Wheat rose 1 to 2 cents on the Chicago Board of Trade while corn and soybeans strengthened on forecasts of rain in growing areas. Oats edged higher but largely flat. Outside markets rallied with India's soybean oil purchase and Vietnam peace rumors aiding sentiment. Trading paused ahead of a long weekend.
Chicago report notes mechanical defects contribute about 16 percent to fatal auto accidents. The finding highlights the role of vehicle condition in road fatalities and implications for maintenance and safety programs.
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