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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
May 27, 1962
Page
3
The report notes an overall rise with prices up as much as 1.25 dollars per bale from the prior week. Farmers and traders monitored market activity as demand and selling pressures influenced pricing across the region.
The April consumption report appeared less favorable as the daily rate fell more than average. For the five weeks to May 5 domestic mills used 968000 bales, up from prior weeks but below last year’s pace. Exports for the week ended Tuesday rose again, with the Exchange estimating 71000 bales shipped, above last year’s figure but below the prior week.
Southern farmers saw price drops for cattle calves and hogs while broilers and spring lambs strengthened. Cattle and calf receipts rose about eight percent amid poor pastures. Nashville cows and bulls fell up to 1.50. Egg prices were flat or declining. Southeastern broilers rose slightly. Tobacco prices held steady in Maryland auctions with season totals near 16.5 million pounds.
New York AP report surveys brokers across the country on the Dow plunge and shaken confidence. Some predict a rally, others foresee more declines. Trading surged, with about $23.7 billion erased in NYSE shares and blue chips hit broadly.
In Chicago the grain futures market fluctuated over a broad range last week but closed with small net changes after Friday’s broad advance. Traders focused on weather, crop reports, and signals from rainfall and hail damage across the Great Plains. Corn faced liquidation amid modest gains and the overall tone suggested late-season prospects remained unsettled.
Moulton Lawrence County residents vote Tuesday on eight offices. In four county runoffs the races include Members of the House of Representatives Robert H. Berryman and Edsel F. Moore and Sheriff Neal C. Fretwell among others.
Dealers faced a general market withdrawal with some trade disappointment after a government report on corn in the price support loan program. The report also said the government would claim enough soybeans on loan default by month end to reenter the market before year end. Wheat fell 4? to 4? cents, July at 2.14?. corn steady, oats down, rye up, soybeans steady to one cent lower, July at 2.4844.
The document names B. S. Sprinkle as a member of the Board of Revenue for the Southeast District with Coy W. Gray and Guy Thrasher. It also lists Claude Parker and Erol D. Sibley for the Southwest District. Remaining races cover governor lieutenant governor attorney general and US congress.
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