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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 05, 1940
Page
8
World market report shows cot ton futures quiet with closing bids steady to three points lower. Spot cotton in New Orleans closed quiet with low middling at 9.30 and middling at 10.30, receipts 1 123 and stock 546 851. The day also notes Southern market averages for middling 15/16 inch at 10.20 and 7/8 inch at 10.01.
River Stages New York report notes stocks easy with hesitant leaders. Bonds mixed with some corporates sagging. Foreign exchange quiet, sterling steady. Cotton demand narrow with trade selling and buying. Sugar mixed with producer support offset by liquidation. Metals steady, copper scrap price cut 18 cents a pound. Wool tops higher from spot buyers. Chicago Wheat easy. Corn lower. Hogs steady. Cattle strong.
Quiet action dominated New York stocks with few leaders showing strength and many major issues edging down. Declines were fractional and turnover hovered near 250000 shares as investors awaited clarity on tax policy and the presidential race amid a murky Anglo German tension picture.
New York Aug 5 traders stay on sidelines before Thursday government crop report and crop loan news. Spot sellers in the south. midafternoon quotes higher by up to 4 points with October at 9.41 and December at 9.30. Futures end mixed from 2 points lower to 1 higher, with midday spreads showing activity. Middling spot stands at 10.30 cents per pound, slight decline.
Liverpool on August 5 reports spot cotton quiet with 10 point decline. Quotations show American strict good middling at 8.37, good middling 7.97, strict middling 7.82, middling 7.72, strict low middling 7.62, low middling 7.42, strict good ordinary 6.97, good ordinary 6.62. Futures closed 3 to 4 points lower with Oct at 7.16, Jan 6.92, May 6.78.
In New York on August 5, bleachable cottonseed oil futures closed 3-4 lower with 76 contracts sold. Sept. 5.83b, Oct. 5.84b, Dec. 5.88, Jan. 5.90b, March 5.98b. In New Orleans steady tones with bleachable prime summer yellow 5.75n and prime crude 4.75b. Sept. 5.32, Oct. 5.34, Dec. 5.38, Jan. 5.40b, March 5.50b. b bids and n nominals.
New York sugar prices fell to fresh lows after liquidation in the 1937 contract, with mid afternoon levels down 3 to 3 1-2 points. September and December futures posted declines while domestic futures steadied. Cuban support limited declines as talks on quota cuts eased.
Chicago market update notes 70 arrivals and 152 on track with 235 total U S shipments and moderate supplies. Idaho Russet Burbanks U S 1 sellers at 2.15 to 2.25 per cwt, Idaho Bliss at 1.60 to 1.75, Oregon long white at 1.95, Washington Russet Burbanks at 2.35, Nebraska cobblers good quality at 1.20 to 1.40.
Butter receipts reach 898531 with creamery grades from 88 to 93 score and values around 25 1 2 to 27 1 2 cents. Egg receipts total 9771 with fresh graded categories selling 15 1 2 to 16 cents per dozen in local cars and extras at 17 1 4 cents.
Chicago starts with mixed moves as rains ease drought in the corn belt. Corn declines then recovers near Saturday's levels while wheat opens lower and finishes softer. oats and rye drop about 13-8 with broad declines across futures.
Salable hogs 12 000, 15 060 total, 180 240 lb hogs steady to strong with Friday's average. Heavier butchers slow. sows little changed. top 6.60. good and choice 190 240 lbs 6.25. 240 270 lb butchers 6 00 50, most 270 300 lb averages 5.65 6.10. Cattle 12 000, calves 1 000, active, strong. yearlings and light steers higher. shipper demand broader. loads 10.50 60, top 11.75. heavier steers paid. Grassers 7.40. bulls 10 20 higher. weighty sausage offerings 7.00. vealers steady around 9.50. Sheep 6 000, total 6 500, slow. spring lamb bids steady to weak. held 25 higher, top 8.75. light weight fat ewes 3.25 and up.
Chicago market daily prices for live poultry show Plymouth Rock and Leghorn varieties rising with hens over 5 pounds at 14 1 2 to 15 pounds and broilers around 21 2 pounds. Leghorn roosters 10 1 2, ducks up to 9 1 2, geese and turkeys listed with toms at 10 and hens at 14.
An eastern young woman asked Colorado Springs Chamber of Commerce to map a vacation tour entirely downhill by bicycle. Officials are puzzled by the unusual request. Australia’s only native mammals include the unique duck billed egg laying platypus and kangaroos.
Captain William T. Robertson 79, a longtime Mississippi River steamer skipper, died at his Monroe home Sunday night. Funeral services were held at Dixie Funeral Home chapel with Rev. J. M. Alford officiating and interment in Greenwood Cemetery Ruston. Survived by two sons F Cary Robertson Atlanta and David L Robertson Erwinville and two daughters Mrs R L Reese and Mrs Julia Nettles Monroe.
In San Francisco on August fifth the International Association of the Printing House Craftsmen showcased rubber plates for newspaper pictures. A wax impression of cuts plus a rubber impression promises equal print quality on any paper with at least 40 percent ink savings and easier curling on semi cylindrical printing plates. Additional inventions include alltone depth for pictures and a lino type slug that yields sharp, blur free type lines.
In Oak Grove area on July 24 and 26 two newborns arrived to local families. Leroy Simms and spouse welcomed a son from Sharplin, while Claude Burrell and partner welcomed a daughter from Fiske. A St. Francis sanitarium birth produced a girl for J. W. Usray of Sterlington and a girl for G. B. Foulks of Monroe.
Dr Frederick Cook the once renowned Arctic explorer died in Larchmont New York after months of illness A cerebral hemorrhage on May 3 left him seriously ill but he rallied He had been granted a full pardon by President Roosevelt for a mail fraud conviction years earlier
The Communications Commission extended by one month the deadline for licensed radio operators to submit proof of citizenship. The previous due date was September 1, and the extension pushes the deadline into October.
Dr. Stuart Pritchard of Battle Creek Michigan age 58 and Dr. Mary H. Westfall of Indianapolis age 59 listed among last night’s deaths. Pritchard was president and general director of the Kellogg Foundation for ten years and a tuberculosis authority. Westfall chaired the visual education committee of the American Association of Public Health Dentists.
Charles Henry Jepson, a Cleveland man aged 61 and father of Metropolitan Opera soprano Helen Jepson, is noted in a brief obituary style notice.
Michael Carrozzo, 49, a Chicago labor leader, was under indictment for an alleged antitrust law violation.
The body of Billy Rudolph Allen aged five was recovered at 12 50 p m Sunday by the American Legion life saving truck from Monroe. He drowned Saturday after accidentally falling from the ferry at Crocketts Point near Crowville. He was the son of Mr and Mrs George Allen Jr of Crowville. Many Australian plants and animals are regarded as living fossils with no counterparts elsewhere.
Wray Dickerson Company vs No 210 Walnut Hill Landscape Company and State of Louisiana. Marshal Kilgore seizes and offers for sale at West Monroe City Hall front door on August 10 1940 a 1938 Fordngton truck motor 18 4202487. Sale cash without appraisal to highest bidder.
Public notices announce a sheriff sale of a 1949 Pontiac sedan under a writ of fi fa in Ouachita Parish with sale set August 19, 1949. Additional notices cover a five acre tract in N Henry succession, probate actions, insurance testimonials for Dixie Funeral Home, and bids for Bayou Bartholomew floodgate work in Monroe and Rayville Louisiana.
Fulton O Quinn of Grayson La thanks Dr Irma W E Jones and Mulhearn Funeral Home for loyal services during the illness and death of Mrs Katie L Jones. The Dixie Funeral Home notes sixty percent growth in a year due to honesty courtesy and promptness in dealing with customers.
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