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Newspaper
Monroe Morning World
Location
Monroe, Louisiana, United States of America
Date
Jun 24, 1935
Page
7
Cotton futures in New Orleans closed steady after a day of small losses. July slipped to around 11.46 as December and March traded near 11.20 to 11.29, with exports totaling about 22,987 bales and a quiet late session.
New Orleans spot cotton finished five points lower as sales reached 233 bales. Prices shown were low middling 11.10, middling 11.85, and good middling 12.30 with receipts 899 and stock 365237.
Early declines gave way to partial recovery on favorable weather news from the south. The mid afternoon market remained quiet and steady with net declines of 4 to 6 points. Futures closed steady to 1 point lower with spot middling at 11.90.
In Liverpool on June 24, 4 1/2 percent cotton market shows steady spot business. American varieties mix of strict good middling to good ordinary trades at 7.30 down to 5.95. Futures closed quiet with July at 6.30 and later months around 6.01 to 5.90.
In New Orleans on June 24 a Cottonseed oil market report notes closing prices with Prime summer yellow at 9.80 for 965-9.80, crude prices nominal. July futures at 9.63, September 9.665, October 9.66 and December 9.50, all bid figures.
Bleach able cottonseed futures closed easy with July at 9.90, September 10.01, October 10.02, December 9.80, and January 9.848. Trading included 145 contracts with 86 switches recorded.
Sugar futures firmed in New York as July and September contracts gained amid scattered covering and buying by trade houses. July No 3 rose to 2.32 while July No 1 increased to 2.36. No 3 closed steady to 6 points higher with 3 500 tons sold.
In Chicago on June 24 batter prices ranged from 20 to 23 1 4 with weak demand for creamery specials and firsts varying between 20 3 4 and 22 1 4. Eggs stayed firm at around 20 to 23 1 4 per car with grades from extras to fresh graded firsts and current receipts noted.
The report shows 24-hour changes with several stage readings and color-coded indicators. Values include rises of 1.0 and 2.0 units and a 28.3 rise with a 60.7 total, indicating ongoing flood conditions on the river.
New York stocks edged mixed with a narrow trading range and a higher turnover of about 1.15 million shares. The market cited a revival in speculative and investment optimism amid modest gains in select issues while notes on metals and bonds showed mixed moves.
Markets at a Glance reports irregular stock movements with price changes narrow. Bonds improve while rails remain favorites. Curb trades mixed and utilities down. Foreign exchanges firm with gold and currencies higher. Cotton steady amid favorable weather and July liquidation. Sugar higher on trade buying. Coffee soft due to European selling. Chicago wheat down as harvest conditions improve. Corn up with hot weather needed. Cattle weak and lower. Hogs slow with a 10 cent dip, top $9.75.
Chicago grain prices opened lower on June 24 as reports of faster domestic wheat harvest progress in the southwest influenced markets. Wheat fell about 1 1 8 to 7 8, corn declined up to 1 2, and oats held steady with minor moves. By session end corn closed 1 4 to 11 8 above Friday, wheat 1 8 to 7 8 down, and oats little changed as provisions swung 10 cents down to 12 cents up.
Chicago market report notes U S potato shipments 742 Saturday 93 Sunday with moderate supplies. Prices vary by variety including Wisconsin North Dakota Idaho California and North Carolina with some decay and quality differences noted. New stock steady while demand remains light to moderate across regions and markets show mixed movement.
Hogs 15,000 with 7,000 direct. Prices mostly 8.50 and below for pigs. sows 8.00-8.40. weights 200-350 lbs. Pigs good to 9.15. Cattle 11,000 with vealers 25 down. Steers steady to weak. slaughter cattle 550-1500 lbs run 9.00-12.50. vealers 7.75-9.50. many limits quoted.
The market shows steady exchange with Britain at 4.94 1-4 for demand and cables. Other demand and cable figures list France at 6.62 1-4, Italy at 8.26 1-2, and various European and international currencies.
Call money steady at 1-4 percent all day in New York. Time loans show offers of 1-4 percent for 60-90 days and 4-6 months. Prime commercial paper at 3-4 percent. Bankers acceptances unchanged. Rediscount rate at 11-2 percent with ranges for 30 to 60-90 days and 4 months.
Public notices announce a sheriff sale of Bennie Craig property in Monroe Louisiana for July 6 1935 with Lot 17 Square 1 Maryland Brooks addition and cash terms. Separate contractor bids due July 3 1938 cover Brown Paper Mill Inter Section Routes 200 and 1295 Highway in Ouachita Parish with plan inspection in Baton Rouge.
Chicago June 24 Poultry live 22 trucks listed with prices for hens under 5 lbs and over 5 lbs. Leghorn hens rock fryers colored and rock springs bids given. Roosters, turkey hens and toms quoted with weights. Ducks and geese prices included for various weights.
U S Engineer Office invites bids by July 18 1935 for labor materials and work on three concrete steel sheet pile levee wall items at Monroe and West Monroe Louisiana. Justice writ of fi fe directs seizure and sale of real property and various cabinets to satisfy costs. Milton Coverdale Sheriff.
If you find valuables or any unadvertised items in today's News-Star or Morning World contact the Classified Department at 4800. An index tracks lost and found ads from recent weeks to help locate owners and free listings aid recovery through the Losers' Service Bureau.
A public notice promotes a renowned adviser said to have helped people worldwide for 40 years. The feature advertises reduced prices for one week and hours from 7 a.m. to 6 p.m. at the News Star World Office.
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