16 Oct 1953
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Oct 16, 1953
Page
1
A garbled market summary shows buyers and sellers at Louie Livestock with mixed bids on cattle and hogs. Prices quoted include various grades and weights, reflecting routine trading patterns and demand across markets, utility and choice levels, and ongoing activity through the day.
The Steel Market showed unusual activity with major groups leading trading as steel issues dominated the list. Blooming steel shares edged higher while other sectors lagged, reflecting a cautious but active session for investors.
Dimas City Marshal Dayton Allison was cleared of blame after Coroner Gardner concluded the deadly shooting of Wille J. Weston, 25, a night marshal, on Highway 6F near Nybway 65. Weston was shot when he allegedly approached with a pistol. prosecutors noted the gun discharged under questioned circumstances.
Cotton futures slipped while wheat and corn prices showed mixed movements amid late afternoon trading. Markets reflected a fluctuating dairy and poultry sector as prices for butter and eggs remained largely unchanged with receipts varying and quotes moving in the latest Agricultural Department guidance.
U S aid will back drought relief with 10 4 ton hay distribution and 40 percent freight cut for 30 days, to be extended to southern states. Governors to oversee state funds while federal money comes from an emergency fund. farm eligibility limited to in drought areas with caps on daily supply. states urged to create a disaster relief framework.
The state will push southern railroads to emulate western lines by reducing freight charges moved to drought regions, aiming to ease costs for impacted areas.
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