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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Aug 16, 1968
Page
14
Noontime New York Stock Exchange index and American Exchange noon prices summarize the day. Key stocks like Ford, Dow Jones components, and various industrials show mixed moves with notable price shifts and percentages.
Friday declared the first dividends of the period as investors awaited further corporate updates. The announcement signals initial returns for shareholders while market observers track subsequent payouts and company performance.
No 14.50 per cord Ipwood quoted. Two yellow shelled corn at 1.05, two white shelled corn at 1.20, two oats at .60, two milling wheat at 1.15, two miles per hundred at 1.90, two barley at .90, two soybean at 2.60.
New York cotton futures show quotes for December 32.25, March 32.70, May 32.75 with October, July and other contracts untraded as markets marked lower levels from October.
Poultry market notes show demand for broilers and fryers in Atlanta and Birmingham with prices around thirteen cents. Trading described as quiet with adequate rings on hens as negotiations proceed for next week.
Weekend figures show adequate supplies for most plants with 1 396 000 loads vs 1 316 000 last weekend. Broilers and fryers dock deliveries for Aug 12-17 priced at U S Grade A 26.26 to 27 with big volumes 26.50 to 26.75 and Plant grade 26 to 26.75 with similar large lot ranges.
The report notes overall demand only fair with some retail activity and features aimed at attracting buyers at comparatively attractive prices. Prices remain unchanged for the wholesale market with store delivery grades cited as Grade A and medium eggs priced around 34 to 38 cents.
Cattle and calves had no early arrivals while slaughter steers and heifers held steady. Slaughter cows and bulls were fully steady, calves mostly 1.00 lower, and feeder classes down about 1.00. Hogs lacked enough numbers for a market, barrows and gilts weak to 25 lower. sows steady with about 1800 head offered versus 1250 and 1850 a year ago. Slaughter lamb prices steady.
Gov. Albert Brewer will furnish legal counsel for a statewide inquiry into consumer credit law abuses. Sen. Alton Turner heads the subcommittee planning hearings across Alabama to study practices and draft a comprehensive law for the next legislature, aligning with the federal Truth In Lending Act.
The market rose with the Dow up 5.66 to 885.17 as Du Pont led gains and investors eyed a possible ease in money conditions after the Minneapolis Fed cut its discount rate to 5 percent. Most advances came from steels, motors, mail order retailers, aircraft and chemicals while airlines, tobacco and drugs fell.
The National Rifle Association of India aims to open 4000 centers across India to teach rifle shooting to 2.2 million youths aged 12 and above. The plan has backing from the central government.
The West Coast averages fewer than five thunderstorms annually, per the National Geographic Society.
A revealing profile of comedian Jonathan Winters exploring his childhood, marriage, parenthood, and outlook for the future in candid detail.
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