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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Mar 10, 1963
Page
3
New York AP reports cotton futures finished steady to firmer for the week with gains of 5 to 8 cents a bale. The March contract led the advance after a mid week plunge which had pushed prices lower.
USDA reports southern hog prices dropped 25 to 50 cents per hog with butcher hogs at 14.00 to 14.75 dollars, the lowest in three years. Slaughter steers also dipped below 24 dollars per hundredweight in Chicago while cattle feeding and poultry prices show varied movement across regions.
The article notes gains from earlier losses as March notices pause, spot cotton prices rise, and free cotton supplies tighten. Analysts say free cotton, stored outside government warehouses, helped buoy prices since mid November, with March 1 stock under 5.8 million bales and demand through July 31 projected over 6.2 million.
Frances Rogers reported that Limestone County Court collected 718.34 dollars as two defendants received sentences. Rufus Hicks drew 15 days in the county jail for public drunkenness while Mason Fain was ordered to four months for a probation violation by Judge D L Rosenau Jr.
Limestone County Circuit Clerk S. C.Thomas is expected back at work Monday after a bout with the flu. He has been absent since Thursday, according to his secretary Mrs. Frances Rogers.
The proposal would provide government supplies to cover more than 2 million bales from now to season end, keeping a free carryover of at least 1.5 million bales. The New York Cotton Exchange estimated exports for the week ended last Tuesday at 109,000 bales, up from 106,000 and 86,000 a year earlier.
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