Week's Market Dip Surprises Analysts In New Year Trade
New York AP reports stocks and bonds fell last week as investors faced Algeria Cuba and Berlin crises yet data show modestly favorable economic signals. Dow slid to about 6000, while AP average dropped and volume declined amid holiday shifts and renewed tax news.
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Hog and sheep markets show varied prices and rising slaughter trends
Analysis notes mixed hog values with barrows and sows priced between 19 and 31 dollars per head and steer and cattle markets climbing. Slaughter grades indicate higher loads and prime lots, with June 1959 benchmarks cited. Congo reports US aid affecting port slices.
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NFO action spurs Midwest plant layoffs and grain rally
National Farmers Organization stage action to keep livestock, corn and soybeans off markets as Midwest packers announce widespread layoffs. Wilson and Co and Armour and Co plan cuts across Omaha, Kansas City, Cedar Rapids, Mason City, and Sioux City. Beef prices surge with cattle at five year highs in Chicago.
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GOP Chairman Tad Smith Steps Down From Texas Role
Tad Smith of El Paso announced he will not seek re-election as state Republican chairman. He told the state executive committee and county chairmen that the duties of the role require sacrifices to his family and business during a term in office.
Fruits and vegetables among best buys at markets
The Associated Press notes seed volume apples from Michigan and crab apples in Texas markets, with California soft fruits and early Hawaiian pineapples. Best buys include bananas, Thompson seedless, nectarines, peaches, Italian prunes from Washington Idaho Michigan, with plentiful pears and varied vegetables. Prices show slight increases for peaches onions watermelons cantaloupes and some produce. cabbage cucumbers potatoes lower on tips.
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