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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Oct 13, 1963
Page
10
The market fell slightly after a week of backing and filling with gains in Chrysler and RCA. The 60 stock average slid to 277.8 while the Dow dropped to 741.76 as trading topped 1 million shares for a second week. Sugar stocks rose on hurricane Flora’s Cuban crop impact.
Wheat futures faltered after President Kennedy approved selling up to 150 million bushels to the Soviet Union for 250 million dollars. Soybeans led losses with 10 cent daily limits. corn rye and soy followed with declines.
Rhodes, Inc., a furniture store chain founded in Atlanta in 1875, will open here. In the final session Friday, trading was sluggish with a feeble upbeat. Corporate bond dealings were slow and weekly volume totaled 22,038 dollars, down about 700,000 from the prior five days. No clear price trend emerged.
The USDA reports southern cattle and hog markets near steady while hog values declined in Louisville and midwest sites. Feeder steers at Memphis sold $1 to $2 lower as feeder calves rose $1 while southern broilers and eggs drifted lower nationally with regional price shifts.
C D Collins president announces long-term lease for an 18 000 square foot building at Decatur Shopping Center U S 31 11th St. The 88 year old company operates eight Southern state stores selling popular priced famous name furniture A W Vickrey 24 year Rhodes veteran named manager coming from Escambia Pensacola Fla positions the new store for a air conditioned display area and customer service.
New York AP reports cotton futures showed a wider intraday range last week in the domestic market while closing mixed. New York Cotton Exchange contracts fell 50 cents to rise 1.85 per bale, with factors including higher movement temperatures, limited hedge selling, and talk Russia might seek U.S. surplus cotton. The Oct 1 forecast spurred selling as the Agriculture Department projected a crop of 14,847,000 bales, up more than 500.
President Kennedy proclaims National School Lunch Week for Oct 13 to 19. Decatur operates 14 non profit schools serving meals funded by federal state and local sources. In 1962 63 term 836000 lunches were served with 63888 free of charge and all meals met Type A standards.
The report notes 000 bales from a month earlier and an increase of 863000 bales from its August 1 forecast, highlighting a larger inventory or production estimate than before.
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