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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jun 21, 1959
Page
7
Grain futures advanced with most contracts up for a second straight week as a USDA report signaling larger pig crops boosted buying. July soybeans fell, July corn stayed flat, and wheat months rose about five cents amid strong interest in harvest prospects and distant deliveries.
The AP average of 60 stocks fell as volume slid to 13.13 million shares, the lightest since August 1958. Traders stayed on the sidelines awaiting lower prices and a potential upturn, with caution due to Geneva talks and steel labor talks. Texaco and Superior Oil sparked Friday activity as bonds drifted lower amid overall soft turnover.
Reports show plant disease pressures on crops while soybeans gain strength from higher meal prices. July soy contracts mixed with loan defaults and varying prices across grains including oats rye and new crop contracts.
Decatur market notes show cotton values at 25.00 middling, cottonseed at 42.00 per ton, milk at 6.33 per hundred for Grade A, and pulpwood at 12.50 per cord. No. 2 yellow corn at 1.36 per bushel, cattle and calves with week totals 700, hogs about 4,000, and sheep around 3,400. Prices for cattle and calves include dairy cows 152.00-171.00 per pair, stock cows 18.75-? lower, good stocker calves 29.00-30.50, slaughter cattle 26.50, hogs with various weights 16.00-15.50 for barrows, sows 12.50-13.20, feeder pigs 15.00-15.50.
New York AP report shows cotton futures finishing firmer with nearby July down 75 cents and distant October up 1.35 dollars. Most contracts rose while deliveries beyond July advanced and the market largely held steady with no strong price drivers.
Volume sale at Valley Livestock Thursday from 429 head brought 45 753 62 dollars. Top calf weighed 170 pounds at 32 cents per pound sold by Pickens Sims to Neuhoff Nashville. Multiple buyers across Tennessee Alabama and Georgia purchased calves cows bulls and hogs with top prices listed and buyers named.
The medal marking Pope John XXIII’s first year features the pope on one side and the Madonna of Lourdes on the reverse. A separate note mentions the Knik Glacier forming a natural dam near Lake George about 45 miles from Anchorage.
The New York Cotton Exchange estimated exports for the week ended Tuesday at 60,000 bales, up from 46,000 the prior week and 100,000 in the year-ago week. Season totals through Tuesday run about 2,467,000 bales versus 5,051,000 at the same point last year.
At an Athens Rotary Club meeting McLemore outlined a county road program totaling 1 239 400 dollars over two years. The plan covers about 22 miles across 20 projects with none exceeding 4.6 miles and aims to finish by end of 1960. Financing includes 892 400 from joint state federal funds with state and county sharing 86 250 each and 33 500 from the federal government.
A flotilla of U S warships heads for the St Lawrence Seaway and the Great Lakes, the first major war fleet to cruise these waters since 1812. The Oglethorpe and Cambria lead 28 ships through Montreal on midnight Saturday, visiting seven states over the summer.
Providence AP report notes airline officials say spouses and weddings disrupt staffing. William J. Allen, an lines director, says Cupid is the worst enemy as crews marry too quickly, reducing available stewardesses.
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