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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 06, 1961
Page
7
The stock market advanced vigorously as trading stayed active. The Dow broke 700, rising to 703.43, with Zenith up 10 percent and the AP 60 index at 252.10, as 606 issues advanced and 463 declined with 99 new highs and 8 new lows.
New healing substance Bio-Dyne found to shrink hemorrhoids while stopping itching and relieving pain without surgery. Case after case shows actual shrinkage and reports that piles have ceased to be a problem. Available as suppository or ointment under Preparation H at drug counters.
Demand for butcher hogs was good as 8,500 head cleared well. Very choice 105 lb mixed No 1 and 2 grades hit 18.25, top in a month. Slaughter steers fell 25 cents to 50 with strictly choice at 22.75 to 24.50 and Good 21.50 to 22.75.
Wall Street expects a faster rebound as an advisory service says profits may rise quickly over the next year. It notes 1961 may approach 1960 earnings later in the year, with conventional cyclical issues most likely to benefit amid recent solid market performance despite adverse news.
The Associated Press reports a weighted wholesale price index for 35 commodities rose to 163.54 from 162.48 a week ago and 164.41 to 176.52 in recent ranges. The index uses a 1998=100 base and highlights movement in staple prices in New York.
A general revival in demand strengthened futures prices across the Board of Trade with gains of a cent or more in most grains. Wheat July soybeans led a midday rally before closing near day highs with soybeans up about two to four cents from the day’s low.
Allegheny County elections director Will E. Alton said Sunday sales of liquor and beer in Pittsburgh hotels likely begin June 18. Official May 16 primary results show 76,032 in favor and 44,558 against, to be certified by county commissioners.
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