Bears Bulls Pull Stock Level Lower
NY AP report shows major stock averages sinking to post 1958 lows with the Dow dropping 38.99 to 539.19 and the Associated Press average down 11.60 as traders debated bulls and bears amid mixed news and recession talk. Volume fell week over week.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow
Labor
Arthur J. Goldberg
Labor Statistics
Ewan Clague
Clague
New York Stock Exchange
Associated Press
Cotton Prices Move Within Wide Trading Range
New York AP report notes cotton futures fluctuated through a broad range last week, closing with little net change. Active contracts dipped up to 2.30 a bale, with only the farthest months gaining. May consumption rose to 712,000 bales, while current-season exports through June 19 stood at 4,267,000 bales, down from last year’s 6,265,000.
MENTIONED IN THIS ARTICLE
NEW York
New York Cotton Exchange
Cotton Advisory Committee
New York Cotton Exchange Service Bureau
Hog Prices Rise As Supplies Wane Across South
Hog prices climbed about 1 to 1.50 per hundredweight in the Southeast amid thinner supplies. Slaughter cattle and calves showed mixed gains, with broilers around 13 cents per pound and eggs largely steady amid heat. Peach and watermelon prices varied by market, while tobacco sales through Wednesday totaled 25.8 million pounds at an average $62.73.
MENTIONED IN THIS ARTICLE
Atlanta
Agricultural Marketing Service
Montgomery
Nashville
Memphis
Louisville
Georgia-Florida-Alabama
North Carolina
Mississippi
Del-Mar-Vay
Virginia
Southeastern
Birmingham
Jackson
Jacksonville
Florida
U.S
Georgia
Florida-Alabama
South Carolina
Charleston
Alabama
Kentucky
Maryland
Markets Report Show Mixed Prices Across Commodities
Cotton and cottonseed prices listed with mill and farm values. Grain and feedstuffs include corn, oats, wheat, soybeans, and pulpwood at varied per unit rates. Cattle, calves, hogs, and feeder prices given with weekly market directions. livestock mostly steady to higher for feeders. hogs steady late.
MENTIONED IN THIS ARTICLE
Decatur Joan
Service Bias Rapped By JFK
President Kennedy said racial discrimination remains a problem in the armed forces and appointed an advisory committee to study the issue. The civilian group is tasked with finding means to improve equality of opportunity within the military.
MENTIONED IN THIS ARTICLE
Washington
Armed Forces
Kennedy
Heavy selling pushes grain prices down on Friday
Chicago AP report notes heavy selling on Friday wiped out most gains in the grain futures market. Prices fell across corn, oats, and rye while soybeans saw steady support as traders await further Farm program action from Washington. Secretary Freeman floated an extension of the emergency wheat and feed grain program, with a bill expected early next week.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Orville L. Freeman
Washington
Kennedy Praises Defense Dept on Racial Discrimination Progress
In a letter to committee chairman Gerhard A. Gesell, Kennedy commends the Defense Department for progress in combating racial discrimination in services, housing, schools, and recreational facilities near military bases since World War II.
MENTIONED IN THIS ARTICLE
Gerhard A. Gesell
Kennedy
Defense Department
Also Mentioned on This Page
Decatur Markets
JFK
John Beckler
House of Representatives
Decatur
E& W
E. Moulton St
Autolite
State National Bank
FDIC
First National Bank
Radio & Television Service Center
Second Ave
Ira’s Book & Gift Shop
Ira Schnell
Cook’s Pest Control
John Cook
Hubert Puckett
Monarch Food Store
Bob Harrison
Roy White
Mgr
E. Moulton
ALA
Jessek Bureau Insurance Compa
Ryan’s Tire & Battery Service
Loyd’s Drug Store
Dinsmore Bros
E. S. Loyd
Western Auto Assoc
Jim Jones
Frank Brown
M. H. Woodard Store
ALL Wright Pastry Shop
Harry Holmbuckle
D. E. Frederick
Clark Hardware CO
Robert Clark
E. E. Forbes & Sons Piano CO
George Jordan
Midway Blind & Floor Covering CO
Albert Henry
Jim Blair
C.F. Penn Hamburgers
Morgan County Exchange
Decatur and
Hartselle
Gateway Real Estate & Insurance Agency
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