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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jun 18, 1961
Page
8
Southern markets posted uneven cattle prices with calves down 1 to 2 per hundredweight while hogs held steady. Broilers rose after a long low, eggs slipped, and fruit and vegetable prices varied with harvests starting in Georgia and Alabama.
Times: Contracts for future delivery of cotton moved irregularly on the New York Cotton Exchange as spot cotton rose modestly. Futures closed about 2.00 cents per bale lower to 1.85 dollars per bale higher, aided by short covering and a cautious demand amid forecasts of slightly smaller plantings this year.
The May domestic cotton consumption reported at 667000 bales, below the Exchange Service Bureau's 675000 estimate. Daily use averaged 33400 bales, with April at 32400 and May 1960 at 35500. Government stocks declined 82000 bales between June 2 and 12, to about 2182000 on hand. Exports for the week ended Tuesday were about 83000 bales, down from last week and the previous year. Through June 13 the season exports were estimated respectively.
Grain futures fell on most boards as a week marked by export strength and a lengthy maritime strike drew bearish pressure. Wheat led losses despite steady harvests with government price support loans sustaining demand. soybeans slid on export delay risks, while corn faced increased CCC offerings and further declines.
Cotton prices inch higher with Decater loan at 32.94 and cottonseed at 45 per ton. Milk grades and manufactured milk noted, pulpwood at 13.50 per cord. Poultry and corn prices listed including No 2 Yellow Shelled Corn 1.15, No 2 Oats .60, No 2 Milling Wheat 1.70, and soybeans 2.70. Cattle and calves mostly steady with steer and heifers 20.00 to 23.00, yearlings 21.00 to 25.00, vealers 24.00 to 27.00. hogs active 16.00 to 16.50 for 190-220 lb, sows 12.00 to 13.50.
The State Department released Tehran Cairo conference minutes showing Stalin clashing with Churchill over Germany measures and Roosevelt proposing age limits for French officials. Stalin urged drastic options including liquidation of soldiers, while Churchill favored a three zone split and Roosevelt a five zone plan.
The report notes a production figure of 6,288,000 bales compared with 6,149,000 for the same period and year. It cites growth in output but lacks full context and details on location or organization.
Alabama senators vow to filibuster to kill a congressional redistricting bill keeping the House measure from a committee. Gov. Patterson appeals for support as six lawmakers lead a 12 hour session and von Braun is set to speak at a joint session.
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