Senate Farm Leaders Eye Second Look at Compensation Plan
Senate Agriculture leaders weigh a milder discretionary payment bill for wheat producers who sold early this year amid rising prices and Russia sales. House committee backs mandatory payments but may fail to clear debate before adjournment. Texas Wheat Producers Association President Leo Witkowski cites losses from domestic certificate value and loan gaps, with significant per-acre losses on both dryland and irrigated wheat.
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Senate
Senate Agriculture Committee
Russia
Agriculture Committee
Herman E. Talmadge
Georgia
House
Rules Committee
Congress
Lubbock
Leo Witkowski
Hereford
Texas Wheat Producers Association
Texas
Witkowski
Washington
USDA
U. S
Soviet Union
Market snapshot from New York exchanges
AP report shows NYSE with 76 advances and declines, mixed performance across sectors. Trading volume around 13.21 million shares. AMEX notes around 15.21 million. Broad activity indicates uneven session with several listings rallying while others retreat.
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New York
Wholesale Egg Prices and Potato Futures Report
Wholesale egg offerings in New York show demand steady at best with spot quotations guiding prices. Whites standards run 29 to 30 cents per dozen, fancy large 31 to 34, fancy medium 29 to 31, and fancy small around 36 pounds average. potato futures in Maine closed 11 cents lower with 900 contracts traded, reflecting market activity amid harvest notes.
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NEW York AP
USDA
New York
Maine
Sisarvestencs
Soybeans and oil rise on government stock data amid mixed grain results
Soybeans, soybean oil, and soybean meal advance on a government report showing smaller oil stocks and higher usage. Wheat and corn close lower while oats gain. rain in Iowa spurs early buying as harvesting moves into full swing. Fort Worth grain prices list No. 1 hard red wheat and corn futures along with other grains.
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Chicago
Chicago Board of Trade
Iowa
Middle Western
Fort Worth Grain
Fort Worth
UPI
Cotton futures fall as October contracts liquidate
New York price reports show No. 2 cotton futures down 1.25 to 2.10 a bale amid liquidation of October 1972 positions. Spot markets ease as crop prospects loom and demand softens. mid 11-16 inch cotton averages slip 15 points to 77.444 cents per pound across 12 markets.
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Dividend rate footnotes spell out stock actions and terms
The document lists footnote codes for dividends and stock actions such as extra payments liquidating dividends and stock dividends. It explains timing like declared or paid in 1971 and conditions including ex-dividend and ex-rights statuses and bankruptcy or foreign tax considerations.
Senate approves worldwide sabotage treaty enforcement pact
The Senate ratified a Montreal conference adopted treaty setting worldwide penalties for sabotage and other acts endangering civil aircraft. It allows arrest, extradition, and prosecution for in flight violence, bomb planting, aircraft sabotage, and false information causing danger. The pact supplements earlier hijacker provisions and passed 89 to 0.
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