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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 06, 1932
Page
8
Cotton trading in New Orleans for a short week end session advanced about one dollar per bale as gains from strong stocks and wheat persisted. October reached 6.20 and December 6.34 while closing 19 to 20 points higher amid partial liquidation before Monday government report.
New York on August 6 reports about a one dollar per bale advance in cotton as stock market strength boosts demand and confidence in commodity prices. December futures touched the highest levels since June while closing steadier with modest gains and mixed near term quotes for the crop.
The Cotton Letter from New York notes a morning rise to 21 to 25 points in the broadest and most active trading in weeks as Liverpool firm, rains hit the valley and eastern states. Domestic and foreign spinners and Wall Street buyers led demand, with 10,000 bales bought by a firm handling investment orders. Weather forecasts suggest generally fair tonight in several states with more showers tomorrow, while long range outlook signals little change.
New York August 6. Foreign exchange rates show irregular movement with Britain quoted at 3.44 3-4 in demand and 3.45 on cables. Other currencies listed include France at 3.91 1-2, Italy at 5.09 7-8, and various European and global moneys with nominal figures noted for limits and cables.
USDA notes show U S total potato shipments at 309 with 84 on hand and 184 on track. Prices and demand mixed with U S No 1 varying by region from Missouri at 75 to 85 cents to Nebraska and Minnesota around 90 and 75 to 80 cents for mixed grades.
The record notes that natural gas was utilized as the first illuminant at Redonia New York in the year 1824, marking an early adoption of gas lighting in the region.
New York trading sees buoyant stocks led by U S Steel in a spectacular rise with bonds firm and utilities advancing. Curb and most groups rally while foreign exchanges show irregularity and sterling weak. Cotton climbs on stock and wheat strength. sugar and coffee close. In Chicago wheat surges with strong cables. corn firm. cattle slow and hogs steady.
Chicago grain quotes show early gains with wheat rising to 21 4 to 27 8 above yesterday. Corn advanced 1 to 15 8, oats up 1 2 to 3 4, and provisions steady at 12 cents higher.
Daily pricing shows lettuce cucumbers and other produce steady with light to moderate trade. Louisiana butter beans $2.25 to $2.50 per bushel and icebox lettuce $2.25 to $2.75 per crate. California Valencia oranges $2.40 to $2.75 per box. Malaga grapes $1.25 per lug box.
Cattle 200, week to week outlook mixed with steady to strong firming on heavy fed steers and uneven demand. Fat cows at new seasonal low, lambs and sheep show variable bids, hogs around steady with varied weights and good packer demand.
Liverpool reports no receipts with moderate spot activity and prices up eleven points. Quoted American cotton in different grades includes good middling around 5.10 and middling near 4.80, with futures steady at Oct 4.61 through July 4.85.
Chicago August 6 poultry prices listed for alive birds with a range across categories. Hens and leghorn hens show 11 to 14 per unit while colored varieties and fryers command 12 to 16. Turkeys 10 to 12, spring ducks 11 to 12 1-2, geese 10 to 11, old stock 9 to 11.
A stampede of buying sent bears into a panic as prices for many leading issues rose 2 to 12 points, marking one of the steepest upswings in months. Turnover neared 2.6 million shares in two hours while rumors and optimism about autumn recovery fueled the rally.
The corner site at Tren ton and Wood streets in West Monroe, recently bought by T John from W S Heard, is being demolished to make way for a modern department store. When finished, it will house T John department store and sits in a prime retail location on the west side of the block.
Buster Gregory a Black man was arrested today by the police for larceny of linen items from Mrs Katherine Brigham 315 North Second street. Police said he was employed at the location at the time and stole two bed sheets one bed spread and towels.
Cotton seed oil closed firm with Prime summer yellow at 4.00 and Prime crude at 2.87 to 3.00. Trading notes show mixed bids and a total of 8 contracts sold, amid scattered price data and market chatter.
In New Orleans on August 6 prices for cottonseed oil remained very steady. Prime summer yellow moved 3.55 to 3.65, prime crude 2.87 to 3.00, with futures showing modest levels for Aug through Mar across 3.70 to 3.96.
A short-haired South American raccoon named Fee reacted with morose disdain to his new Central Park Zoo quarters. Fee, once served by a personal butler at Morgan Belmont's Westbury estate, bristled at sharing a cage with four lesser cousins in the city zoo.
Chicago August 6. Arthur W. Cutten, famed grain trader, expresses optimism about broader business conditions and wheat prices. He denies leading a 30 million dollar grain pool while noting federal farm board actions curb his transactions. He predicts prices will rise later as the market narrows.
O S McDonald dairyman and farmer on the Columbia road reports cucumbers on five acres germinated in two and a half days after late Tuesday planting. Irrigation along the river provided ample water and plants appeared yesterday morning.
The piece notes that U S coal consumption exceeds 800 million tons annually and estimates that each million tons costs six miners' lives, highlighting the deadly human cost of energy production.
Mrs. Lula Updegraff secretary to District Attorney David J. Garrett sails for Arkansas traveling to Little Rock then Hot Springs with friends for a week before returning home for the final week of her vacation.
Florida, exotic land of sunshine and breezes, entices visitors with diverse scenery from St. Augustine and Daytona Beach to the Everglades. The state boasts 5500 miles of paved highways, famed resorts in Palm Beach and Miami, and attractions from Edison’s Fort Myers to Ringling’s Sarasota.
In St Louis County at 7 a.m. a passenger car collided with a meat truck killing William Waigh of Pine Lawn Leo Klausner 42 of Sullivan and Charles McCormick 35 of Hickory Miss. McCormick's wife Laura and their three children survived with serious injuries. McCormick was a Sumittte Miss high school superintendent. Furr also injured.
Carl Gustav Ekman prime minister since 1930 quit after a Kreuger empire collapse. He admits accepting 50 000 kronor to Liberal party funds last February about 9000 dollars, later returned to Kreuger administrators per an official communique.
An automobile fire at 2118 Gordon Avenue was extinguished yesterday afternoon by Monroe firemen. The car owned by James Hamilton reportedly ignited when Hamilton dropped a carburetor strainer against the hot motor.
The estimate notes around one million square miles of water surface comprising lakes and rivers on land. This figure highlights extensive inland aquatic systems and their geographic spread across regions.
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