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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 01, 1932
Page
8
The New Orleans cotton market opened firm on rising stocks and eastern belt rain with boll weevil talk. October rose to 6.07 and December to 6.23 before easing, closing barely steady with a 1 point daily gain as exports reached 23,422 bales.
New York August 1 market saw cotton climb on trade buying and covering amid uncertain weather outlook and stock strength. October hit around 6.09 while other futures closed near steady with slight gains. spot middling at 6.05.
The New York market climbed to six to nine point net gains but closed near unchanged to two points higher. Major buyers included domestic and foreign spinners, Eastern connections, New Orleans, local professionals, and Wall Street. Brokers handling farm board agency business sold over 10 000 bales of October and December amid doubts over seed loan payments and suspected selling by stabilization and cooperative groups.
In New Orleans on August 1, cottonseed oil closed steady with prime summer yellow offered at 3.55 to 3.65 cents per pound and prime crude around 2.87 to 3.00. Near futures extended from 3.70 in August to 3.93 in March with gradual climbs through the year.
New York on August first reports cotton seed oil closing steady. Prime summer oil listed at 3.80 while prime crude sits around 2.87 and 1-2 cents variations observed. Sales noted for three contracts amid light demand.
Butter trading at 9 041 for creamery specials and various grade spreads from 20 to 19 1-2 per unit. Eggs market shows 10 484 for firm loads with extra firsts at 15 1-4 and fresh graded firsts at 14 3-4. receipts around 11-13 1-2.
New York reports irregular stock movement with industrials rallying and rails reacting while bonds and rails show strength. Curb and preferred stocks rise as foreign exchange firm, sterling up. Cotton and sugar gain with coffee supported by trade buying. Chicago wheat and barley steady, corn soft with ample offerings. Cattle and hog markets slow and uneven.
Chicago grain opened steady to lower with futures slipping across the board. Wheat sagged later, corn and oats fell while provisions fluctuated, reflecting expectations of Canadian showers bringing relief to farmers.
Louisiana field run potatoes strong selling at 90 cents to 1.10 per 100 pounds. Unclassified Creole onions 1.00 to 1.25 per cwt. Lawn yellow onions 70 to 80 cents per 50 pound sack. Sweet potatoes 40 to 75 cents old stock and 85 cents to 1.25 for new stock. Sacked carrots 1.75 to 2.40 per cwt. Cabbage 1.25 to 1.65 per cwt. Snap beans scarce with good stock 2.50 to 3.00. butter beans 1.75 to 2.50 per bushel. Peppers 40 to 50 cents. squash 1.00 to 1.25. Colorado green peas 2.25 per bushel. Green corn 50 to 75 cents per hundred ears. Eggplant 10 to 20 cents per dozen. Iceberg lettuce 2.50 to 2.75 per crate. California celery 2.00 to 2.25 per half crate. Best cantaloupes 2.00 to 2.25 per jumbo crate. Watermelons steady 3 to 60 cents each. Cuban avocados at 2.00. pineapples 2.25 per crate. Gravenstein apples 1.50 to 1.75 per box. Bartlett pears 2.00 to 2.40 per box. Elberta peaches 3.25 per bushel.
Hogs 25 000 with 8 000 direct. weights under 220 lb steady to 5 higher. Top 5.00, pigs 3.75 4.25, sow prices 3.25 4.10, 200 250 lb sows 4.45 5.00. Cattle 12 000, calves 1 000. market slow with steadier steer values 7.50 9.50 for 600 900 lb, up to 9.75 for 1300 1500 lb. Vealers uneven. sheep 15 000 strong to higher. Western lambs 6.25 6.50, ewes 90 150 lb 1.25 2.50.
New York August 1 reports published foreign exchange rates for Great Britain France Germany and other nations with demand and cable prices. Currencies listed include Belgium Germany Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Romania Brazil Japan and Mexico City with varied bid and cable figures.
Sugar futures in New York August 1 drifted to steady levels after a choppy start. In the final hour prices were about one point higher or lower, with August figures around 99 to 1.01 and later contracts ranging from 1.01 to 1.16.
Wall Street opened the new month with modest gains after July’s rally, as markets held energy despite rails taking a breather. Trading volume ran around two million shares with advances of one to two points across prominent issues, while investors weighed German election outcomes and a cautious bottoming mood among brokers.
New York call money holds at 2 percent for the day while time loans show modest gains across 60 to 90 days and 4 to 6 months. Prime commercial paper sits around 2 1/4 to 2 1/2 percent as bankers' acceptances remain unchanged. In London the 1931 census reports a population of 8,203,942, up 9.7 percent in ten years.
E R Strahan states 50 to 100 acres of fall cucumbers will be planted in the parish for irrigation aided shipment to St Louis. Kirby's Stay Green variety to be used with soil beds settled by water and shallow cultivation to shade grasses, using 6 10 7 or equivalents as fertilizer.
Potatoes in Chicago on August 1 show 86 on track and 188 on hand with total U S shipments Saturday 228 and Sunday 16. Prices vary by grade and state with Missouri Idaho Minnesota Nebraska and Iowa markets listed and quality noted as fine to slightly decayed.
At the Paramount Theater the Warner Bros drama The Purchase Price stars Barbara Stanwyck with Lyle Talbot opposite her in a role boosted by Talbot’s rising screen profile. George Brent also appears opposite Stanwyck in this production.
Seven people injured near Monroe when a Dodge sedan struck by a fast Pontiac eight knocked 120 feet into a ditch. Wounded are J. K. Weldon and family, Mrs. W. T. King, Harry Mynard, and Weldon’s wife and mother in Alexandria and West Monroe.
United States Senator Edwin S Broussard arrives in Monroe Monday during his reelection campaign after spending Sunday in Shreveport.
L. D. Martin of route two West Monroe paid off his spring crop production loan at D. R. Morrow’s office, the first in Quachita parish to be cleared this year. He borrowed 40 dollars, did not grow cotton this year, marketed vegetables, sold truck produce, and canned 250 quarts, planning continued canning to cover winter.
Monroe city school system teachers were told that no money was available to pay salaries. Officials cited tax collection delays due to state action postponing theJuly to September period, with E L Neville indicating funds might arrive in a few days. Mayor Bernstein declined to comment.
A five room frame dwelling in Edgewater Garden owned by W. L. Ethridge and occupied by R. L. Prichard burned at 4 15 this morning outside city limits. Fire companies Nos 1 and 2 arrived too late. house loss is about 2500 dollars with furniture loss undetermined due to parts of the contents being moved out during the blaze.
Leo nidas Barkdull Faulk post No 13 American Legion will induct its newly elected officers at 8 pm tonight at the region home Forsythe park. Refreshments and social time follow. Inducted are Post commander Sam Newsom first vice commander J Morton Myatt second vice commander J H Johnson adjutant P A Mellgren chaplain Rev Ernest D Holloway historian Charles Mitchell service officer Harry Stein past commander D Curtis Smith finance officer J S Garelick. Executive committee members are the officers along with J Liebreich Fred F Millsaps and S Humphries.
Mrs Helen Wilson died at 1021 Washington Street at age 102. The Mulhearn Funeral Home will conduct a 4 30 p m service this afternoon with interment in the city cemetery.
Chicago August 1 reports a live poultry rundown with 1 car 23 trucks and varying prices for hens leghorn hens colored broilers and fryers springs roosters turkeys spring ducks old geese and leghorn broilers with indicated price ranges for each category.
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