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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
May 22, 1975
Page
8
The AP wires show a broad mix of gains and losses on the New York Stock Exchange and American exchanges with many large names cited. Highs and lows flickered across major sectors as investors weighed earnings and market momentum.
Cotton prices for Augusta Montgomery and Memphis listed with fiber sizes and bids. Soybeans and milling products priced, including No 2 Yellow Corn, No 2 Oats, and No 2 White Shelled Corn with per hundred weights and per bushel figures.
Quotations from the NASD show representative interdealer prices as of approximately 0 a.m. The prices reflect the OTC market but do not include retail markup markdown or commissions.
The Dow rose 0.55 to 819.23 as gainers led losers 7 to 6 in light trading on the NYSE. Analysts note cautious bargain hunting after a recent Dow drop and early losses. Monroe Auto Equipment jumped to 8 percent on a 127000 share block.
Heavy hens available in sufficient volume but demand slow at current prices. Light hens remain scarce as buyers pull back. sales limited at 5 to 8.25 cents per pound on farm. Heavy types fetch 17 to 18.5 cents, mostly 18. 1.0.b. plants 20 to 22, mostly 20-21. Alabama broiler slaughter today estimated at 1,539,000 versus 1,487,000 last Thursday.
In Morgan County Circuit Court Benny Lee Logston and Brenda Owen Logston won 1000 against Champion Alabama Corp after suing for 25000 for trespass over timber cutting. Steve Brown was a third party defendant tied to a pulpwood contract. A separate jury conviction saw Mary Farley Dennis found guilty of grand larceny for stealing a radio from Big E Department Store with sentencing deferred until probation hearing.
Rep. Bob Jones announced House support for renewing the Appalachian Regional Development Act to October 1, 1979. He credited federal funds for Alabama counties Morgan to Jackson with improving health care education sewage, roads, and job growth since 1965.
A Sheffield man, Brian Oneil Jackson, 27, posted a $1,000 bond after arrest on a charge of transporting 61 cases of beer. Deputies J. B. Edwards and Mike Tucker detained him at Wheeler Wildlife Refuge off Alabama 67.
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