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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 23, 1946
Page
8
Thousands fill St Peter's Square in Rome around the Vatican for a mass on the improvised altar atop the stairs. The Holy Father recalls Rome’s wartime past and calls for peace and justice for Rome, Italy, and the world as bells from 400 churches ring out.
A sharp drop in Southern cotton futures from 4 065 600 bales on October 15 to 3 250 000 today appears to restrict exchange trading to industry players. Despite recession and price bust, New Orleans workers report higher October store sales, a record city sales tax, and rising building permits and bank debits while farm loan repayments fall.
Mississippi and Alabama face 1946 cotton crops estimated at 2,090,000 bales, well below the 1935-44 decade average. Mills anticipate higher prices as demand grows while producers defer payments awaiting better terms. Industry reports note shortages, carryover reductions, and FDA and agricultural cautions urging larger acreage next spring.
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