Crippled Cotton Industry May Force Congress Action
The cotton industry faces government restrictions that could push Congress to pass new farm legislation before adjournment. Supporters warn reduced allotments threaten jobs and shipping, with price moves potentially harming synthetic fibers and U.S. competitiveness. Senator Eastland heads cotton-state lawmakers backing action despite opposition over price supports.
MENTIONED IN THIS ARTICLE
Congress
David A. Martin
Associated Press
Washington
Soil Bank
U.S
Eisenhower
Benson
James O. Eastland
D-Miss
Stock Market Nears '58 High
The stock market resumed its spring uptrend and neared the 1958 high as the Associated Press average rose to 169.60, just below the year's peak. Steels and aircrafts led gains, utilities hit a new '58 high, and higher priced issues strengthened the market while tobacco concerns cooled after a health scare. Short interest on the NYSE reached a 27 year high, underscoring active trading.
MENTIONED IN THIS ARTICLE
ED Morse
New York
Associated Press
New York Stock Exchange
Farm groups push for new programs amid surpluses
Dairy leaders push for a self-help program opposed by Benson while Midwest Congressmen press to ease corn restrictions. Wheat farmers face a record high surplus and seek a new program.
MENTIONED IN THIS ARTICLE
Benson
Midwest
Congress
Market roundup Decatur reports mixed prices across commodities
Cotton inch middling at 34.50 with cotton seeo at 625.00 per ton. Milk Grade A at 63.3 per hundred. manufactured milk 3.00 per hundred for four percent. Wood at 65.40 to 30. Pulpwood 17 per cord. Poultry 18 cents at farm. 19 cents at plant. Wheat 150. No 2 yellow corn 1.38. No 2 white corn 1.45. shelled corn 1.55. Soybeans 2.20. No 2 oats. No 1 mile 2.00. Milling wheat 2.10. Cattle values listed. hogs active 25-50 higher. barrows 22.25-22.75. sows 18.00. Sheep lambs 21.50.
MENTIONED IN THIS ARTICLE
Decatur
U.S
Cotton Futures Drift Lower Amid Weather and Demand Shifts
The New York Cotton Exchange reports a weekly decline as weather forecasts and uncertain price support dampen sentiment. Mills show April consumption of 29,200 bales per day, with nine month use at 6,175,000 bales, below last year, and projections suggest a season total near 7.9 million.
MENTIONED IN THIS ARTICLE
U.S
New York Cotton Exchange Service Bureau
Weekly Trade Review
Service Bureau
Valley Stockyard cattle sale yields 690 head and various prices
Six hundred ninety head of cattle were sold at Valley Stockyard Inc this week for a total of 62913.46 dollars. Top veal calves brought 30.00 each for weights around 200 to 215 pounds from Pearl Packing Co. and other buyers. Feeder and stock cattle commanded prices from 25.00 to 29.50, with top hogs reported at 22.50.
MENTIONED IN THIS ARTICLE
Valley Stockyard Inc
John Dutton
Cullman
Roy Weatherwax
Moulton
Pearl Packing Co
Madison
Ind
Dutton
Pearl
W. M. Murphree
Decatur
Pete Biles
Athens
Armour and Co
Birmingham
Whitt and Son
Furr Cattle Co
Stanton
J.E. Russell
Furr
Gene Woods
Corinth
Miss
W. W. Woods
Nashville
Ralph McLendon
Gadsden
Mid- South Commission Co
Columbia, Tenn
Leon Hill
Massey
Giles County Stockyard
Pulaski
Tenn
Forrest Ingram
Florence Jackson Co
Florence
Ala
J. P. Wallace
Roy Campbell
Huntland
Market trading shows steady interest with many highs
Trading continued with about 2 percent daily gains on average and stronger activity. For the week, 878 stocks advanced while 349 declined, with 300 new highs for the year and only 29 new lows, signaling broad market strength despite short selling pressures.
Barn Fire Prevented by Quick Key Recall
Mrs. Wilbur Inks mislaid her car keys delaying a trip to her brother’s home. She spotted smoke from a barn on the Inks’ farm seven miles west of Mount Vernon and, with help from her husband and volunteers, kept the roof fire from spreading.
MENTIONED IN THIS ARTICLE
Mount Vernon
Ohio
Wilbur Inks
Inks
Here
Also Mentioned on This Page
ED Sullivan
Kodadar
Crump
Bank St
Dial EL
Everett
E.E. Forbes « Sons
E. Moulton St. Piano Company
Gen. Hazel
Plateau Military Academy
Daddy
Tad
Decatur Markets
New York Cotton Exchange
Philco
Tet Rania
ARI
Air Conditioning and Refrigeration Institute
Bank Street
Television Service
E. Moulton St
Morgan County Board of
Paul Collier
Trinity Friends OF
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