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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jul 06, 1959
Page
7
Chicago market opens with mixed grain futures as wheat, corn, oats and soybeans show small moves. July futures are cited with slight gains and losses across wheat corn oats and soybeans amid moderate activity.
The report lists produce prices for apples beans and potatoes across Maryland New Jersey and Virginia with US1 and cobbler standards noted. It also details cattle hogs sheep and lamb quotes in Baltimore including weights and price ranges for slaughter steers cows hogs and stock sheep.
Chicago hog sale reports show moderate activity with U S No 2 3 mixed grades priced 15.25 to 16.25 for 190 to 250 pound butchers and sows. Several lots and mixed grades 200-350 pounds range from about 11.25 to 16.25 with varied weights and classifications.
New York stocks gained ground with industrials rising toward record levels as utilities and rails mixed. Motors, steels and several chemicals showed notable strength in early trading, shaping the market tone.
The market moved higher with the Dow and various groups rising on optimism about the economy. General Motors led gains with strong block trades while U.S. Steel and other steels, motors, and autos followed. Boeing and Alcoa slipped as oil and electronics mixed results and trading varied across sectors. The Associated Press 60 stocks index rose to 231.80 as utilities and rails weakened slightly.
In New York the basic steel industry resumes negotiations after a weekend recess. Secretary of Labor James M. Mitchell sees a good possibility of an agreement before the July 14 contract expiry, citing quick industry and union response to Eisenhower’s plea to extend talks beyond June 30.
The United Steelworkers and steel companies extended the contract to July 14 as they negotiate a new pact for about 500,000 workers. The industry seeks a one year wage freeze to curb inflation and foreign competition, while the union pushes for wage and benefit gains estimated at 15 to 20 cents an hour. Wildcat strikes occurred at Ohio and Pennsylvania mills with a brief return to work ordered by union leaders.
Charles Richard Lewis, 29, of Purcell Drive, Sunnyside, was reported in critical condition at noon after a .410 shotgun wound to the right arc of his face. State Trooper J W Detrick investigates the shooting. he says the wound occurred at Lewis home and he was taken to the hospital at 11 30 p m by the Rescue Squad.
The South End Fire Company will hold a 6:30 PM meeting at the Lions Shelter with a picnic supper for members and invited auxiliary. A business session will follow after supper.
Arthur Godfrey, TV star, will actively support County Sheriff Powell in the reelection bid in Leesburg. Powell campaigns against Max Dwyer in the Democratic primary while a local paper editorial spurred Powell aide Roger Powell to reconsider taking no part in campaigning.
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