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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jul 02, 1959
Page
12
Paul Ricca, a top crime syndicate boss, surrendered to start a three year federal prison term for income tax evasion. He faced transfer to Terre Haute and parole eligibility in one year after a 1958 conviction for evading taxes on 1948 to 1950 income.
NY stock market surged to record ground with gains across steels chemicals rubbers motors tobacco drugs and building materials. U.S. Steel Union Carbide and General Motors led gains while some issues slipped. AP 60 average rose $1.90 to 231.70 as industrials, rails and utilities advanced. Government bonds remained firm to slightly lower.
A Northwest Ohio crash halted a Chicago to Baltimore flight after the plane diverted to avoid a thunderstorm. Pilot Dunham and several passengers were recovered, with authorities listing the others as residents of the New York metropolitan area and New Jersey. Continental Can identified the crew and stated company scale and locations. USDA market notes follow, detailing produce and livestock prices in Baltimore.
In Chicago the livestock market shows 6000 hogs with uneven demand for under 240 lb butchers and mixed grades across 190 to 330 lb ranges. Cattle and calves also move with slaughter steers steady to weak, high choice steers around 25 to 28 dollars per 100 pounds, and heifers between 20 and 28 dollars. Prices vary by weight, grade, and lot readiness.
Chicago AP reports mixed opening for grains at the Board of Trade. Wheat and oats move steady to firm with July prices around 1.86 dollars per bushel for wheat and gains for oats. Corn and soybeans show mixed moves with July contracts near 1.254 and 2.2314 dollars respectively.
Vatican dispatch reports Pope John XXII urging rival nations to seek every avenue for peace to avert nuclear war. He calls for Christian unity, media responsibility, and a shared justice based harmony, stressing unity to restore prosperity and freedom for church and people.
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