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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 07, 1936
Page
10
In New Orleans on August 7 the cotton pit remained quiet with futures closing steady higher by 4 to 6 points. Exports for the week reached 36,722 bales while spot prices rose about 7 points with middling sold around 12.50 and receipts noted at 261,967.
New York cotton futures stayed near steady as traders awaited tomorrow's government crop data. December rose to around 12.04 cents per pound, with the market showing firm tone despite earlier fluctuations. Spot middling quoted at about 12.67 cents.
Liverpool reports cotton bases at 76 000 with 2 300 American bales. Prices rise three points across categories led by American strict good middling at 7.72 and middling at 7.02. Futures close steady with Oct 6.46, Dec 6.37, Jan 6.37, March 6.36, May 6.35, July 6.32.
New York stocks firm with rails leading gains while bonds and foreigns slide. Curb and specialty metals oils utilities perform best. foreign exchanges ease. In Chicago wheat weak with the Winnipeg market collapse weighing on corn. cattle steady and hogs steady to strong with top at 11.23. Dry weather persists in Oklahoma influencing cotton and sugar remains quiet amid firm Cof fee and Brazilian buying.
Chicago markets opened with a two cent drop in wheat following Liverpool quotes. September and December futures fell before closing mixed to weaker across wheat corn and oats and provisions unchanged to seven cents lower.
Hogs 8,000 head with 2,500 direct sales showed steady to strong prices and porkers firm to 10 higher than Thursday. Cattle and calves about 2,000 with steady to firm values across grades. Sheep 4,000 including 2,000 direct sold with better lambs up to 25 higher and slaughter steady. Washington rangers 10.50 and Texas yearlings 8.60 noted.
Foreign exchange irregular with Britain at 5.08 1 8 dollars and 60 day bills at 5.01 1 8. Other listed demands include France 6.58 11 16, Italy 7.87, Belgium 16.85, Germany Free 40.22 and 22.50 registered, plus multiple country and city pairings such as Holland 67.90 and Mexico City 27.88.
Chicago market data from August 71 cites U S shipments at 551 with California White Rose and other stocks steady to slightly weaker. Prices listed for New Jersey cobblers, U S No 2, Washington White Rose, Nebraska cobblers, Maryland and Pennsylvania cobblers, and Idaho Russet Burbanks with various decay notes and quality.
In New Orleans August 1, cottonseed oil closed steady with values Bleachable prime summer yellow 9.85 to 10.05 and various crude and future prices for Sept through March. In New York August 7, futures closed steady with Sept 9.98 Bid and other near dates, sales totaling 99 contracts including 34 switches.
New York on August 1 reports sugar futures held steady with only 60 lots of September trading, believed to cover short sales outside markets. The brief activity marked no major price movement as buyers and sellers kept to narrow ranges.
New York on August 7 saw steady business positives boost buying, with P Ralls issues advancing on the steam upgrade and other groups following. The stock market closed firm as transfers reached about 1.7 million shares amid cheerful industry news.
Northern rail and motor shares lead a broad rally on a busy session as Southern Railway Santa Fe and Penn Central post small gains. General Motors and Chrysler advance while can shares falter. Steel names including U S Steel and Bethlehem rise. bonds weaken on Italian loan concerns.
The story reports a New Zealand runner breaking the 1500 meter world record with a time near 3 minutes 50 seconds. It recounts rivals including Cunningham and Becalli, notes American contenders, and mentions a later 110 meter hurdles final where Towns and Finlay tie for third. It also covers a discus-like event and pole vault, with reactions to American and international performances and crowd sentiment.
Japan's Tajima and Harada challenge records as American and Japanese athletes post strong marks. Oshima tops prior world record in pole vault before Harada surpasses it in the final. U S earns two points with a fifth place leap by a Louisianian. Wilkins and Brown also place for the Americans in a high scoring meet. Germany leads unofficial team totals with a wide margin as Canada and others follow.
Detroit pitcher Cain earned the win while Knott took the loss as a rookie hurler dominated the Indians and led Detroit to its first victory. Key line shows 2 14 time with multiple batters contributing in a tight game.
Unskilled men urged to seek relief by learning a trade at the Southern School of Printing in Nashville. Courses cover hand composition, linotype, monotype, and press work with a free catalog upon request. Shorthand and typing classes announced by Mrs. Smith, contact via phone. Also a cotton poison notice references Tyner Petrus in West Monroe.
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