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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 29, 1959
Page
9
Calves are scarce with 13 loads tested for price, hogs at 1,500 head fairly active with barrows and gilts up 25 to 50 cents, sows steady. Sheep unavailable for price tests. Eggs show mixed wholesale and consumer quotes with standards and extras varying, poultry prices mixed, butter firm. Volume around 2.8 million shares.
Market at a glance reports higher stocks with selective gains and higher government bonds. Corn and oats mixed with a late rally. soybeans and cotton weaker amid broad liquidation. hogs up to 75 cents. cattle steady with slaughter steers at 29. Kansas City wheat and corn prices listed with car counts and futures showing declines. KC cattle noted with 500 head.
Derby Grain Inc quotes: Wheat 1.79, shell corn 1.10, barley 0.70, oats 0.60, milo 1.70, soybeans 2.00. Poultry prices: heavy hens 0.08, light hens 0.06, old roosters 0.05. Eggs Grade A large 0.22, medium 0.18, undergrade 0.16, current receipts 0.18. Butterfat Premium 0.53, first grade 0.50.
Gains by selected blue chips boosted the market in New York trading as investorsEyes focused on major stock movers. The market showed signs of strength with notable gains in key industrial and tech issues amid a cautious trading session.
Stock averages rose 2,970,000 Thursday with IBM jumping about 36 points on strong demand. American Telephone gained over 5 points on institutional buying, while General Foods climbed to 97 on a 1,600 share block. Losses included Raytheon United Aircraft and Kennecott as traders took time off for Memorial Day and bonds recovered after a morning dip tied to rate news.
Officers of the Lawrence Public School Health Council were elected at a Wednesday meeting. Eldon Breazier was named chairman with Dr. Vernon Branson as vice chair and Mrs. Ralph Gelvin as secretary treasurer. The group includes city and county health representatives and plans to evaluate the year’s communication program and a new school dental program set to begin June 1.
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