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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jun 26, 1960
Page
20
Cotton futures moved in a narrow irregular pattern on the New York Cotton Exchange last week. Prices closed about 40 cents a bale higher to 40 cents lower, with demand from trade and mills sustaining activity. Reports of party policy influencing price expectations added to the trading dynamics.
Venezuelan reports quote Defense Minister Josue Lopez Henrique linking U S exposure of an assassination plot against President Romulo Betancourt. He cites tips from the U S Embassy and Gen Pedro Aramburu as key, with mentions of German specialists and threats tied to Trujillo era figures.
Grain futures fell across five trading days with most contracts down 1 to 2 cents per bushel. Rain and hail disrupted fields, lifting oats slightly while winter wheat harvest advanced and soybeans showed a slight July uptick amid mixed crop outcomes.
AP report notes a week of mixed but overall gain as 18.28 million shares traded, strongest since late May. The Associated Press average rose to 224.10 while the Dow slipped to 647.01. Steel, rails, and copper led a cautious advance amid merger chatter and potential rail and steel industry gains.
Hogs 200 head active mostly steady. Bulk U S No 1 3 200 235 lb 17.00 with few sows 13.00 13.50. Sheep no arrivals. Week sales show choice and prime spring lambs as high as 23.50 early. later sales these grades few. Shorn slaughter ewes 2.00.
Thursday sale at Valley Stockyard moved 824 cattle and 118 hogs for 84 446 98. Top calf weighed 340 pounds sold for 30 75 per pound to Ron Sharp of Columbia Tenn. Cattle lot details include multiple buyers and sellers from Athens Leighton Belle Mina Russellville Decatur and Paris Ill with prices ranging 25 50 to 30 75 per hundredweight.
A major Japanese electronics company markets an 8 inch portable television with 23 transistors, weighing 13 pounds and operable from a built in rechargeable battery or household power.
Southern producers faced weekly price declines for cattle and calves, mostly 50 cents to $1 per hundred pounds, while slaughter steers and heifers held steady in Louisville and Memphis. Hog prices were uneven with some gains at Nashville and Georgia Alabama belts, and broilers remained in strong demand ahead of July Fourth.
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