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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jan 13, 1963
Page
3
In 1849 the Congression took three weeks and 63 ballots to elect a speaker. Howell Cobb of Georgia won by plurality rather than a majority after a bitter contest.
The stock market posted a fourth straight weekly gain as investors bought on weakness. The Dow Jones rose 9.37 to 671.60 amid heavy volume of 23,896,153 shares, with 974 issues up and 365 down. motors led Tuesday’s rally and aerospace pushed a late Friday recovery.
Southern producers saw price declines this week with hogs down 50 to 75 cents per hundred pounds, cattle and calves mixed, and hog margins steady at several Georgia Alabama plants. Broiler prices held around 14 cents per pound with regional variations, while egg prices drifted and wholesale egg centers ranged mid 40s to high 40s cents. Vegetable and fruit markets showed modest gains in Florida and Virginia, with orange and grapefruit prices reported along with sweet potato volumes and early tobacco sales under holiday reopening pressures.
New York AP reports cotton futures opened firm then weakened last week, closing about 1.45 to 2.70 lower. Early gains followed by expectations that new support legislation for 1963 could pass, depressing prices. Exports for the week reached 109 000 bales, up from 95 000 and 94 000 the year earlier, with season totals around 1,112,000 bales vs 2,318,000 a year ago.
Chicago AP reports grain futures showed clear momentum with corn and soybeans rising on steady demand and a government stock drop. Wheat and oats slipped while longshoremen strikes affected shipping along the Atlantic and Gulf coasts.
The United States spans about 3.6 million square miles, larger than Europe’s 828,000 square miles across 15 countries. Russia covers 7,877,598 square miles, dwarfing many regions in global geography.
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