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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Dec 01, 1975
Page
13
The noon report lists stock prices and changes on the New York Exchange with broad market indices including Industrials Transportation and Utilities. It notes varied advance and decline among major companies and reveals overall market movement for the day.
The USDA outlines new upland cotton measures including a 37.12 cent per pound loan rate for middling one-inch cotton, a seed cotton loan option, a national production goal of 12,376,000 standard bales, and base acreage allotments totaling 11,000,000 acres. State allocations follow from historical plantings and base acreages, with loans available for 10 months and premiums to be set for quality grades.
Virginia bases allotments are distributed to counties and farms under federal rules. The farm allotment affects payments rather than planting limits, with penalties for failing to plant 90 percent of the allotment and potential 20 percent cut in the 1977 farm allotment. Auburn University Ag School sees a 56 percent student rise since 1972, boosted by transfer students and more women, with many programs now enrolling women except wood technology and entomology. Departments like Agricultural Engineering, Entomology, Forestry, and Agronomy show large enrollment gains.
The Dow slipped to 860.04 by noon after last week’s gain as profit taking grew on concern over the pace of economic recovery. Westinghouse Electric rose to lead NYSE activity while the composite index inched up to 48.26 and the Amex index eased to 85.73. Imperial Oil led the Amex list with a decline near 24.
Australia was the last continent to be discovered. The Guinness brewery is described as the largest in Europe.
Decatur markets show SLM prices for white flour, corn and yellow corn. listings include 55.80 and 54.80 for SLM items, 55.27 for another SLM batch, plus per hundred rates at 4.51 and 4.20 and a corn price of 2.50 for No 2 yellow corn at 2.71.
Quoted NASD interdealer prices as of about 10 a m show mixed moves across diverse issuers in Alabama Kentucky and nationwide. The list includes First State Bank Liberty National Life Life of Alabama 3M Life of Alabama and Southern Airways with slight percentage changes from prior values noted.
Stock listing fragment shows items like Am. Maize Conagra Quaker Oats Skyline and Alabama banks with bid and ask figures. It is a clipped market box style snapshot from a historical page focusing on prices and shares. The readable entities include Ala. Bancorp Cent Bancshares First Alabama Bancshares and Mutual Savings with scattered percentage figures.
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