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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 20, 1961
Page
3
The record notes closing prices on the New York Stock Exchange for the listed securities with figures indicating gains and losses. Investors monitor shifts in key issues as trading closes, reflecting daily market movements and sentiment.
The Chicago butcher hog market rose up to 5.30 dollars per hundredweight on an active trade that cleared 7,000 head. Prices reached 17.50 dollars for about 20 head of 190-215 pound mixed No 1 and 2. Heavier weights and sows traded lower, while cattle supplies reached 24,000 head, the largest since December, with slaughter steer prices down up to 30 cents and heavier weights down as much as 1 dollar.
New York stocks fell sharply on Monday with the Dow sliding 4.82 to 680.68 as bids faded and volatility rose. Analysts noted declines in steel prices and copper scrap while news of price cuts in electronics weighed on growth stocks. overall volume rose with $2.7 billion wiped from NYSE quotes and bond prices drifting lower.
Chicago markets closed firm after a volatile session with rye rising on crop outlook changes in Argentina and Western Canada. Soybeans recovered from early losses as buyers covered shorts while corn and wheat gained modestly and oats moved higher.
Virginia live poultry offerings show adequate supply and good demand. Broilers and fryers priced 12 to 13 cents per pound with 11,000 head Rock Cornish totaling 261,000. fowl hens and turkeys also ample with prices mostly steady or up slightly on large birds. Estimated Monday slaughter 17,200 by processors, 5,500 small turkeys and 1,200 breeder hens priced, deliveries within a week.
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