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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 01, 1933
Page
9
The New Orleans cotton market rose with gains in October to 10.51 and December to 10.70 as grains rallied. Prices fluctuated during the day but closed with net advances of 26 to 39 points while exports reached 22,027 bases and spot cotton closed 28 points higher at 9.76 to 10.76 for various grades.
Cotton prices advanced as light offerings followed heavy Monday liquidation. December climbed to 10.77, gaining 43 points on covering and buying, with active months showing gains before slight profit taking. Futures closed steady with 30 to 39 point gains and spot steady at 10.49.
Liverpool reports 4 000 bales of cotton with American exports nil. Spot demand moderate and prices down about ten points. Quotations for American grades range from strict good middling 6.92 to strict good ordinary 5.62 with futures closing steady and dates shown from Oct to July.
Bleachable cottonseed oil futures in New York closed higher with spot 5.80, Sept 5.85, Oct 5.88, Nov 5.96, Dec 6.03, Jan 6.08, Feb 6.088, and 40 contracts sold. B bid.
In New Orleans on August 1 prime summer yellow cottonseed oil prices hold steady with bids for crude around 450. Futures show August at 5.10, September 5.20, October 5.25, November 5.35, December 5.49, and January 5.55.
Chicago August 1 market notes show Batter at 15 487 steady with creams and extras at 20 1 2 to 21 1 2 and firsts near 18 to 20 while Eggs run 4 696 weak with extra firsts at 13 1 2 and graded fresh firsts at 13.
New York and Chicago trading show firm tones across equities and commodities. Bonds hold gains while volume falls. foreign exchange softens with sterling down. Cotton sugar and coffee rise on commission house buying. wheat and corn firm with strong cattle and hogs performance in Chicago markets.
Chicago grain markets opened Tuesday with price limits reached after board of trade directors fixed a minimum quotation level until August 15. Wheat rose 7-8 to 5 cents, corn 3-8 to 4 cents, oats 3 cents, and provisions up 50 cents, with wheat closing near the day’s top and corn and oats continuing gains.
Chicago wholesale livestock mix shows hogs at 18 000 with 6 000 direct and slower trade. Cattle and calves total 6 500 with strong to higher feeding grades and top yearlings at 7 50. Slaughter cattle ranges 5 50 to 7 75 with large heavy weights near 7 50. Sheep around 9 000 with natives at 7 75 8 00 and lambs 6 75 8 25. ewes 1 25 2 75.
Foreign exchange quiet in New York with listed rates for major currencies and a wide range of gold standard and foreign demands. Cables and demand prices shown for Great Britain France Italy Belgium Germany and others withmorgen values and cross rates including Tokyo Shanghai Hongkong and Mexico City silver peso.
New York sugar futures edged through a choppy session with early declines of 2 to 3 points followed by rallies on covering and trade buying against spot sales. By 2 p.m. Sept contracts hovered around 1.38 and Dec at 1.46, closing steady to 2 points lower with 17,250 tons sold.
Call money steady at 1 percent for the full day. Time loans show 60 days at 1 to 1 1-4 percent, 9 days at 1 to 1-2, 4 months at 1 1-4 to 1 1-2, and 5-6 months from 1 1-2 to 2 percent. Prime commercial paper quoted at 1 1-2 percent. Bankers acceptances steady with 30 days 1-2 to 3-8, 60-99 days 5-8 to 1-2, 4 months 1-8 to 3-4, 5-6 months 1 1-8 to 1.
The USDA notes 36 on track 177, total U S shipments 142. Triumphs weak while other stock holds steady. Cobbler varieties in Missouri Kansas and Nebraska U S No 1 priced at 2 95, Idaho Triumphs at 2 75 to 3 00, trading slow with moderate supplies.
Chicago Aug 1 live poultry prices listed for 45 trucks with hens Leghorns and roosters at various bids. Spring ducks old geese and turkeys priced alongside Rock fryers broilers and colored varieties with specific ranges.
About 158 direct descendants of Isaiah Stavely attended a family reunion at a beach location. Relatives traveled from several states to reconnect and share memories, with new generations meeting for the first time.
New York stocks closed firm after a sluggish trading day, with alcohol shares leading gains of 2 to about 6 points and several industrials advancing. Transfers totaled roughly 1.75 million shares as traders weighed inflation signals and dollar strength against a quiet market.
New Orleans August 1 H. G. Hester secretary emeritus of the New Orleans cotton exchange reports world consumption of American cotton for the 1932 33 season ended Monday at 15 307 000 bales including linters. Carryover stands at 11 783 000 bales. Southern consumption reaches 5 346 590 bales, with exports 8 616 000 bales.
Walter C. Teagle and allies oppose federal price controls in the new oil code presented by Hugh S. Johnson. Support comes from Standard of New Jersey and allied firms while others urge government regulation to spur employment and wages. The code proposes no price fixes but may limit sales below production cost with a fair profit. Labor rules foresee 40 hour weeks for clerical staff and 36 to 40 hour weeks for other workers with pay scales cited. About 80 percent of the industry’s 1 100 000 employees are in marketing.
Public notice style list outlines want ads classifications across categories including Legal Notices Educational Employment Real Estate Automobiles and services. It explains telephone acceptances and accommodation accounts plus per line rates and minimum charge.
Troops were mobilized in Tuscaloosa to protect international labor defense lawyers for three young African American defendants charged with the slaying of a 16 year old white girl. Judge Henry B. Foster noted no local sentiment against the defendants. Public safety measures included searches and controlled courtroom access as an 80 person venire was drawn for the trial of Dan Pippen Jr, A T Harden, and Elmore Clark.
In Southhampton New York Robert Bryan of Chattanooga and Dick Murphy of Utica defeated top seeds to shock the Meadow Club invitational. Bryan outlasted J Gilbert Hall 9 7 6 8 6 4 in a three hour match while Murphy beat Dr Eugene McCauliff 6 3 8 6. Other favorites Shields Parker Wood Bryan Grant progressed in straight sets.
W W Sullivan of 407 Coleman Avenue West Monroe brought to the News Star office Tuesday twin pod peppers that were large and well formed. A western railroad carried 500000000 passengers in 13 years without the loss of a passenger life.
East bound and west bound times listed for Illinois Central Missouri Pacific Natchez Missouria interurban and motor coach services. Includes arrival and departure times for trains from multiple lines and the intercity coach connections.
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