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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Dec 16, 1975
Page
3
Market activity shows a steady pattern as indices rise slightly across sectors. Industrial and Transportation gain marginally while Utilities and Finance show small increases amid cautious demand and adequate supplies to meet trade needs.
NASD quotations reflect interdealer prices around 10 a.m. with no retail markup or markdown included. Market activity is described as interdealer, indicating the day’s early pricing context.
The Dow 30 rose 6.45 to 843.94 as gainers outpaced losers about 2 to 1 on the NYSE. Investors bought on the expectation of yearend rally after tax selling ends and relief from lower interest rates. American Telephone led activity, up 0.5 to 50.5. NYSE composite rose 0.36 to 46.74 while AMEX declined 0.21 to 82.11.
Alabama slaughter figures and plant oil prices move within narrow ranges as buyers watch market signals. Early week totals show 1 531 000 head vs 1 585 000 previously while boiler fuel costs edge and earlier price shifts hint at supply demand temperaments.
Limestone County Commission votes to buy a Burroughs Machine Co. computer for 22,400 to replace monthly rental and save over 1,000 in discount prices. Decatur Tractor and Equipment and Littrell Motor Co. win bids for a crawler loader and two district trucks. The tax collector attends a mid winter conference next year.
Lauderdale Morgan and Lawrence counties follow state bid law for purchases under 500 dollars. Supt J C Chisholm says neighboring counties use negotiated purchases for equipment and supplies. The board discussed bids on all purchases to save funds but took no action.
A 20 year old Tanner woman Patty Gatlin is listed in fair condition at Athens Limestone Hospital after a two car crash Monday at the U S 72 overpass. Police say slick streets from heavy rain caused the accident at 5 15 p m and she was transported by Athens Limestone Ambulance Service. No other injuries were reported in the city.
David Wayne Melson served 18 months of a three year sentence for forgery youthful offender and four counts of second degree burglary. The sentences for each charge would have totaled over 11 years but ran concurrently with the longest term of three years.
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