Market Waits To Pick Course
A cautious stock market posted its third lightest trading of the year with a moderate loss. The Dow Jones average slipped to 689.38 while the Associated Press average declined to 2648 amid weak housing starts and durable goods data. Weak tax bill progress and softer foreign security tax proposals weighed on sentiment as June earnings show mixed signals.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow Jones
Associated Press
Kennedy
Congress
Com
Hog Prices For Week Rise Across Southeast Markets
Southeastern farmers posted higher week end prices for most hogs with U S No 1 to 3 mixed butchers at major plants from Georgia to Alabama ranging about 18 50 to 19 50 per cwt. Egg prices climbed with grade A large eggs selling 44 to 46 cents in Atlanta Birmingham Jackson and Jacksonville. Flue cured tobacco prices opened in the Georgia Florida belt at 47 24 a hundred pounds with total sales around 11 5 million pounds.
MENTIONED IN THIS ARTICLE
Atlanta
Southeastern
U. S. Department of Agriculture
Georgia-Florida
USDA
Agricultural Marketing Service
Florida
Georgia
Alabama
Mississippi
North Carolina
Del-Mar-Va
Virginia
Birmingham
Jackson
Jacksonville
U. S
Georgia-Florida-Alabama
Memphis
Louisville
Nashville
Montgomery
Cotton prices show mixed range in narrow weekly move
New York prices held within a slim band as futures on the New York Cotton Exchange closed up 45 cents from the prior week while traders awaited new price support legislation. Week included exports of 51 000 bales versus 28 000 last week as market activity remained subdued.
MENTIONED IN THIS ARTICLE
NEW York
New York Cotton Exchange
House Rules Committee
Cotton Exchange Service Bureau
Cotton Bill Hearing Set In Montgomery
A legislative study committee on cotton schedules public hearings at 9 a.m. Thursday on a controversial bill in Congress. Rep. Wiley Salter warns passage could harm Alabama farmers. The Cooley bill would require the agriculture secretary to sell U S cotton to domestic mills at world prices, about 24 cents per pound, vs current 32 to 35 cents. Senator Bill Nichols notes mills favor the plan but some planters say it cannot profitably produce at under 29 cents.
MENTIONED IN THIS ARTICLE
Cooley
Secretary of Agriculture
Nichols
Talladega
Salter
Cotton exports slip from last year as July totals rise
A report notes 3,317,000 bales exported through July 23, lower than last year’s 4,716,000. The week shows reduced activity while annual figures reflect a weaker export pace compared with the prior 12 months.
MENTIONED IN THIS ARTICLE
Ious
Farm bill debate warned on farmer confidence in future
A Conecuh County representative warned that passage of the bill could destroy the confidence of farm people in the future of a sound farm economy and trigger ongoing economic chaos in recent years.
MENTIONED IN THIS ARTICLE
Conecuh
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AP Business News
United States
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W. Moulton St
Ing
Decatur Kiwanis Club
Miss Kirkpatrick
W. H. Kirkpatrick
Morgan County
Kirkpatrick
Auburn University
Lenoir
Virginia Dare
Thomas
Night Stand
Town House Furniture
Ferry and
Lee Streets
RAD T.V
Istors & Stereos
Wwenue S
Steak House
6Th Ave
S.E
Westinghouse
Ferry Street
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