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Newspaper
Monroe Morning World
Location
Monroe, Louisiana, United States of America
Date
Jun 04, 1933
Page
13
In New Orleans on June 3 the cotton market opened steady with gains, July to 9.23 and December to 9.60, then fell on stock weakness and hedging, closing 18 to 20 points lower for the day. Exports reached 29,746 bales as prices eased into the close.
New Orleans market closes steady with a 19 point drop. Sales reach 640. low middling at 8.46, middling 8.9, good middling 9.36. Receipts 2,703. stock stands at 936,834.
New York June 3 a decline of about 1 per bale in cotton was caused by active liquidation after Washington reports increased uncertainty about acreage reduction possibilities. July contracts dropped to 898 and December to 941 with net losses of 20 to 21 points on active positions.
New Orleans reports mixed movement in vegetables and fruits with green corn and new potatoes stronger. Louisiana green corn 1.25-2.00 per hundred ears. Bliss Triumph potatoes 1.00-1.25. Burbanks 1.50 per cwt. onions 2.50. sweet potatoes 75-100 per cwt. garlic 25-75 per double string. beets 15-2, carrots 15-25 per dozen bunches. beans 1.25-1.50. butter beans 1.50-2.00. squash 25-50. cucumbers 50-75. Louisiana okra 3.00-3.50 per bushel. lettuce 2.10-2.35. tomatoes 1.25-1.50 per 30-lb box. celery 3.00 per crate. Lemons 40-5.25 per box. Florida oranges 2.00-2.60. apples Washington Delicious 2.25-2.50. Winesap 1.50-1.85. cantaloupes 3.60-4.00 per crate. Friday totals show 77 carloads potatoes, 6 tomatoes, 4 mixed vegetables, 4 peppers, 1 each celery, carrots, sweet potatoes from Louisiana and 91 tomatoes, 14 potatoes, 1 mixed vegetables from Mississippi.
New Orleans June 3 reports cottonseed oil closing steady with prime summer yellow 485 to 495 and prime crude 400 to 425. Prices for June 483 July 492 August 495 and September 5.05, October 5.13, November 5.18, December 5.28.
New York reports bleach able cottonseed oil futures closing across several months with bids from 5.25 to 5.64. Trading activity included five contracts.
Markets at a Glance reports New York stock activity with heavy trading and brisk profit-taking. Bonds firm and U S governments steady while curb irregulars and industrials stay strong. Foreign exchange steady and narrow. Cotton down with favorable weather aiding local and southern sales. Sugar and coffee closed. Chicago wheat down on bearish Washington reports. Corn gains from favorable weather. Cattle steady. Hogs active with top price of 5 05.
In Chicago on June 3, grain values fell after reports that farm relief act provisions may not apply to this year's wheat crop. Opening prices were unchanged to 1-2 off, then grains declined across the board. Wheat closed 13-8 to 15-8 under yesterday, corn 1-2 to 3-4 down, oats 1-8 to 1-2 off, provisions down as much as 20 cents.
U S Department of Agriculture notes cattle up 15 to 25 with most killing classes higher and long yearlings scarce. Heavy steers average 7.00 per 496? lb. hogs steady with bulk 4.90-5.00 and top 5.05. sheep and lambs show gains with good to choice weights 7.50-8.25 and better grades near 6.25-7.75. Direct and feeding stations volumes reflect a strong cash market.
New York June 3 foreign exchange firm lists Great Britain at 4.00 7-8 demand with cables 4.01, 60 day bills 400. France 467 1-2, Italy 6.16, Belgium 16.55, Germany 27.15, Holland 47.75, Norway 20.40, Sweden 20.65, Denmark 17.95, Switzerland 22.95, Spain 10.15, Portugal 3.68N, Greece 67 3-4N, Poland 13.31N, Czechoslovakia 3.57 3-4N, Jugoslavia 163N, Austria 16.00N, Rumania .70N, Argentina 30.47N, Brazil 7.46N, Tokyo 24.75, Shanghai 25.37 1-2, Hongkong 28.37 1-2, Mexico City 27.82, Montreal in New York 88.93 3-4, New York in Montreal 112.50. N-Nominal.
USDA market notes show U S potato shipments reaching 903 total, with old stock and northern stock strong while Idahos remain steady. Wisconsin round whites quoted at 110 25, Michigan russet rurals around 1.35, Idaho russets 1.60 1.70 with some higher. Demand and supplies moderate across regions including Alabama Louisiana Mississippi and Texas with Triumphs at 2.25 2.35 and slightly weaker new stock trading moderate.
Butter prices show unsettled trading with quot.creamery specialsquot. at 21 3-4 to 22 1-4 for 93 score. Extras at 21 1-4, firsts 19 1-4 to 20 3-4. Eggs noted at 32,637 unsettled with grades 11 1-2 to 12 1-4 for cars and local deliveries. current receipts 9 3-4, storage packed 12 to 12 1-4.
Financial markets faced profit taking as stocks and staples fell across the board. After an initial brisk start, the Dow-like indices softened with heavy close trading, volume near 3.8 million shares, and a broad list of leading issues retreating 1 to 3 points while some rails and utilities steadied then slipped.
Ruston Louisiana June 3 Special about 5 000 samples of all types and grades of cotton have been received at Louisiana Tech for a short course in cotton grading and stapling. R L Reese heads the agriculture department and announces the course will run July 3 to 29 with C E Killingsworth of the US Department of Agriculture lecturing. Samples were sent by the Louisiana Cotton Cooperative Association of New Orleans. The course offers certificates on completion, college credit for agronomy students, and potential federal licensing exams. Two class groups run 9 to 12 a m and 1 to 4 p m with tuition from eight to ten dollars based on enrollment. Reduced living costs apply. last year’s attendees are listed.
Homer, June 3 Special The home demonstration council and Claiborne parish health unit sponsor a series of baby clinics for preschool children in parish communities. The first clinic is June 12 at Summerfield with Dr. H. R. Marlatt and Miss Katie Mitchell leading examinations. The clinics are annual and well attended.
Chicago June 3. Poultry in live market shows 10 trucks steady prices unchanged as buyers and sellers maintain firm quotes amid ongoing trading activity.
Monroe Welfare Association received two ice boxes donated by Collens pharmacy and Mrs. W O Ramey. Alumni meeting at St Matthew's Parochial School to cast cast for Daddy Long Legs directed by Mrs Harberson. Rodeny J Hobbs Post VFW to Farmerville for a special church service. West Monroe Kiwanis to begin lunches at Crosley school cafeteria. Uniform milk price set at 10 cents a quart by Quachita Dairy association. Eros area farmers to ship tomatoes to northern markets. William S Adcock recovering from operation at St Francis sanitarium. Early stores closed at 5 pm tomorrow with Saturday 9 pm closing. ten cent stores 9:30 pm. Confederate Decoration Day observed in Monroe area banks. post office and courts did not observe. L M Joiner returns from evangelistic tour. Sunday evening theme to be And He came to himself. Terminal Paper Bag builds additional unit in Brownville. two shifts now at capacity. Elsie Whittington seriously ill at St Francis sanitarium. West Monroe City Council to meet Monday for June session.
Dedication exercises for Homer Boy Scouts new log cabin the largest in the section were held Friday night at the municipal park grounds Major Lamont Seals delivered the dedication address Also speaking were C W Hanchey scoutmaster Troop 44 Rev C G McClure scoutmaster Troop 42 and Gray Mann who gave the American Legion viewpoint toward scouting
The board of supervisors authorized selling the historic opera house to a relief committee for one dollar. The lumber will be used to construct a new farm home for a family whose residence was destroyed by fire.
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