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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Sep 07, 1957
Page
5
The week closed with a cautious mood on Wall Street as trading was light and prices mixed. The Associated Press average dipped 20 cents to 273.50 with industrials lower, rails down slightly, and utilities unchanged amid tight money fears and autumn business concerns.
Indianapolis hog buyers reported a weaker session with most prices 25 cents lower. Bulk hogs 190 to 260 pounds averaged $20.75 to $21.25, while 200 to 249 pound No 2 hogs sold around $21.25 and lighter 165 to 190 pound hogs brought lower bids amid moderate activity.
Market prices for 200 to 210 pounds up to 600 pounds hogs feed lots and cattle show steady to mixed. Sows and breeders vary by weight with high and low ends noted. spring lambs and ewes steady to strong. Purdue Ag Roundup speaker Earl L. Butz heads program with plans for community songs and remarks at Ball State Union Building in Muncie.
The United States will detonate a nuclear device about 800 feet underground at the Nevada proving grounds on September 14. The blast will occur in a multi directional 2000 foot tunnel carved into a mountain, with an expected force of 1000 to 10000 tons of TNT. Scientists worldwide await seismology data and impact recordings from the test.
The official forecast calls for morning showers and cool temperatures with partly cloudy skies across most of Indiana today. Weather officials warn of scattered showers and cool conditions as the day unfolds.
Quotations show American Motors and American Telephone and Telegraph listed. The brief entry notes trading activity with prices and changes for these equities in the market summary.
Hogs and cattle prices edged lower with hogs 21.45 at top for No 1, while cattle saw prime steers 24.00 to 25.00 and good to choice steers 21.00 to 23.00. Lambs and sheep traded around 11.00 to 12.09. textiles showed quiet demand with small cotton and wool goods sales.
The Agriculture Office states an accord on winter wheat plans as part of a broader strategy to retire about 8 million acres from the 55 million acres allotted for wheat production. This includes also related crops as noted in the report.
The Bedding Information Bureau reported a survey of 10 000 married British women showing 5338 prefer double beds and 3382 favor singles. The bureau formed by bedding groups notes the remainder were undecided or non committal. A legal notice states a 1935 Ford from Joseph Guerre will be sold on September 1 at 8 45 am at Lewallen Parking Lat 13th and Jackson by My Finance Corp.
Notices announce appointment of administrators for multiple Madison County Indiana estates on Sept 3 1957 including Mary E Creamer executor of Joseph L Creamer Maude C Parker and Clara F Clem with six month claims period and solvent estates. Also public notice of bids for gas water main paving and culverts in Lapel Markleville and Anderson with bid bonds and right to reject bids.
The Chicago hog market moved lower with butchers dropping up to 50 cents while sows held mostly steady amid light cattle receipts that failed to test current price levels.
Wreckage fragments along Lake Superior shoreline near Marquette identified as belonging to a plane missing with a Lansing family of six. State police traced a number on one piece to Raymond Mietikko, 40, a photographic shop owner, his wife, and their four children, lost over Labor Day weekend.
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