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Newspaper
Monroe Morning World
Location
Monroe, Louisiana, United States of America
Date
Jun 26, 1954
Page
5
An obscure stock list shows varied entries such as Ganad Macorsl 4 percent and Jupiter IM Creole Pet BA a, with figures like 67 and 117 percent. Names include Merrill, Lynch, Pearce, Fenner & Beane and Technicolor among brokered securities.
A compact stock quote rundown shows diverse moves in energy and utility names. Notable figures include Olin Industries at 42 percent, Texas Gas Transmission at 17 percent, and Southern Advance at 26 percent, with daily shifts and price points across multiple firms.
New York cotton futures gained with July showing wide moves and large liquidation amid strong new crop demand. 79 July transferable notices issued in New York and 100 in New Orleans. Open interest expected to fall to about 115 thousand bales as liquidation cuts July futures.
New Orleans spot cotton closes steady with sales of 13 bales, middling at 34.90 cents per pound and receipts at 1,965 while stock reaches 306,245. The fifteen sixteenths average across 15 Southern markets sits at 34.18 cents, up from yesterday. Futures show declines early, then late rally on buying and short covering.
Chicago market report notes arrivals 70 on track 258 total U S shipments 975. Supplies light demand fair market about steady. California long whites priced at 4.50 to 4.75, Pontiacs at 4.15 to 4.25, North Carolina asabagos at 3.60.
New York stocks focus on the 15 most active issues with gains and losses. Lead movers include Gen Elec, Am Airlines, Pan Am, Radio Corp, United Steel, and Anaconda Copper, with varied percentage changes and notable volume figures.
Early liquidation followed notices in New York and New Orleans as July futures dipped to 33.42 and traded near 25 under October. Open interest fell by 818 contracts, with many notices tied to a prominent North Carolina mill. New crop months rallied late on short covering and fresh buying, while overall cotton pest reports showed pink bollworm and boll weevil activity increasing in Texas fields.
USDA live poultry prices show hens weak while young stock remains about steady. Receipts total 317 coops with prices unchanged to lower. Heavy hens 16 to 19 cents, light hens 14 to 15, fowl or broilers 24 to 28, old roosters 14.5 to 15, capons 26 to 27 cents.
Flood watch reports river stages rising over 24 hours with changes indicating elevated risk to adjacent communities. Authorities urge monitoring forecasts and ready evacuation plans where water levels threaten roads and homes.
New York stocks halted their early rally amid moderate profit taking as prices moved irregularly. Allied Chemical climbed to 92 1/4, duPont to 12, U S Gypsum up 44 at 16 2, Continental Oil slipped to 66 44, Proctor & Gamble down 1 1/2. The Associated Press average rose to 127.30 and the industrial average to 172.80.
Market snapshot shows irregular stock gains from profit taking, mixed bonds with low government yields, and varied commodities. Wheat weak from hedging, corn firm amid flood damage, oats firm amid hot Midwest weather. hogs steady to 25 cents higher at 25.65, cattle steady, fat markets weak, poultry weak with hens down and young stock steady to two lower.
Active trading produced wide price swings with soybeans hardest hit by a daily limit drop. Wheat fell over 2 cents while corn oats and new crop soybeans rose, aided by weather. Final quotes show mixed results across commodities and contracts.
New York stock sales today total 2,060,000, down from yesterday's 2,260,000. Weekly, monthly, and yearly totals are listed with prior periods and year-to-date figures, including 232,387,648 for Jan 1 to date and 191,358,653 for 1953 to date.
Salable hogs at Chicago market range from 180 to 400 pounds with price bands 24.50 to 25.00 for 180-230 and 24.00 to 25.00 for 240-270, up to 24.00 for 280-325 and 19.00 to 21.25 for sows. Salable cattle include 1,000 head with calves 500. utility cows 11.50 to 13.00, canners 9.50 to 11.50, utility and commercial 14.50 to 17.00, dealers 15.00 to 18.00, culls to 8.00.
Stephen A. Fabree sells to Joel Milton Brown a quarter section portion for 412.50. I A West sells to I Sackman Marx Lot 7 Block 1 Westwood Addition for 3000. Dr Julia J Hunter sells to Guy R B Jones Lot 5 Block River side Realty Co Subdivision for 9850. Courtney J Hill sells to George W McCormick Lot 17 Block 2 Highland Subdivision for 400. J C Tee sells to W J Frost a lot in NE quarter of NE quarter of Section 32 near TI7N R3E for 250. John C Albritton sells to G W Martin the N25 feet of Lot 24 and 30 feet of Lot 25 Hinkle Addition for 8650.
Two thousand Master Masons from across Louisiana are slated to attend the eighth annual open air Masonic communication on Sunday atop Fort Hill Fort Beauregard overlooking the Ouachita River. Hosts include Harrisonburg 110 Keystone 213 and Four Rivers 369 with past gatherings drawing 1 488 masons from 15 states. The fort dates to the Civil War era and honors Confederate general Beauregard.
Elmer I. Gibson notes the 1863 Fort Beauregard defense with 400 men and gunboats, and its capture by a Natchez expedition led by General Crocket. Col Logan retreated, salvaging property. Harrisonburg acquired the fort around 1930, owns 30 acres of pine timber, and the Harrisonburg Lodge marks 102 years with a 1952 centennial plaque as a Maine of Masonry history resumes open air meetup heritage.
Street department crews began installing a 100 foot lane separator at Walnut and Washington streets. It divides southbound traffic to allow a red light run in one lane and a full stop in the other, aiming to ease delays and improve even flow. The system should be in effect next week.
At the United Nations Security Council on a June session, Soviet delegate Semyon Tarapkin proclaimed I am not a gentleman I am the representative of the Soviet Union in a sharp exchange with U S Ambassador Lodge. The remark followed Council President Lodge’s question about recognition.
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