15 May 1956
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
May 15, 1956
Page
1
Northwest market shows steady demand for beans and fryers with prices around 24 to 26 cents. Cotton futures slip on slow textile sales, with July at 34.44, October 32.73, December 42.81, and USDA reports midday prices down about 10 to 40 cents per bale from previous close. Receptions large, with notable buying noted in cotton and grain markets.
Grain notes show mixed wheat at 2.26 and soybeans around 60.50 to 61.00 with various samples. cattle and hogs at St. Louis stockyards report steady or higher prices, hogs 16.60 to 17.25 for 180 to 240 lb, sows 13 to 15, cattle 19.00 to 19.50 for steers and heifers, canners and cutters 12.00 to 12.50, bulls around 16.00 for better head.
York markets show a mid morning dip as stock prices fell steadily after yesterday's declines. Officials announced no new plans for a measurable rally, and trading continued with cautious activity amid modest losses across sectors.
Moscow unveils plans to cut 1.2 million armed forces, 63 army divisions and three air divisions, redeploying manpower to industry and agriculture. 475 ships to mothballs and military schools closed. US and UK reactions noted. statement calls on Britain and France to match cuts for world peace.
Spring planting in Arkansas is on schedule despite heavy rains according to the federal state Crop Reporting Service. Cotton planting is near completion in major counties with some areas only partly done. Rice seeding is nearly finished in several districts including Prairie, Ashley, Randolph, Pears and Ashley counties. Strawberries need more pickers, especially in White County where harvest is peaking. The report notes a shift toward higher yields and notes regional variations in progress.
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