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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 22, 1932
Page
8
Cotton futures in New Orleans rose to new highs for the season as rain in the eastern belt and stronger stock markets supported gains. October touched 7.70 and December 7.87, with the day ending 17 to 18 points higher and exports at 7,509 bales.
The New York cotton market saw broad gains as trade buying and cover fueled strength in futures. December contracts reached around 7.88 with nearby steady near the day’s high, spot middling priced at 7.75, and futures ending 14 to 20 points up.
New York markets showed net gains of 17 to 23 points with several months reaching new highs. Strong stock and bond tones, better wheat action, and reports of southern weevil activity supported increased trade buying and outside participation in the rise. Western rainfall moderate and conditions noted as favorable for future activity.
New York reports a broad advance as rails push gains and bonds climb. Curb and utilities advance while foreign exchanges move unevenly. Commodities including cotton sugar coffee stay steady or higher with Brazilian support. Chicago grain shows mixed tone with wheat firm and corn steady amid crop damage notes. Cattle and hogs vary in tone across markets.
Chicago grain prices showed modest strength at the open with wheat up 1 to 4 cents, corn mixed but firming, oats up to 1-4, and provisions fluctuating. Wheat closed 3 to 5-8 cents above Saturday, corn steady to 1-8 lower, oats up 1-4, and provisions mixed in the session.
Opening prices for fruits and vegetables in New Orleans August 22 show demand slow for watermelons. Prices include Louisiana potatoes 1.00-1.25 per 100 pounds and Kentucky cobblers 1.40 per 100 pounds, sweet potatoes 0.80-1.00, Illinois cabbage 1.40-1.50 per cwt, Creole onions 1.00-1.25 per cwt, okra 0.25-0.40 per bushel, peppers 0.25-0.50, butter beans 1.25-1.75, snap beans 0.25-0.75, squash 1.00-1.25, spinach 1.65 per bushel, tomatoes 1.35-1.75, iceberg lettuce 2.65-2.75 per crate, green corn 0.60-0.75 per 100 ears, eggplant 0.15-0.25 per dozen, Cuban avocado 1.00-1.60 per crate, plums 1.50-2.00 per 4-basket crate, Bartlett pears 1.90-2.15 per box, Dixie Belle watermelons 0.08-0.20 each.
New Orleans August 22 notes Cottonseed oil closed very steady with prices listed for prime summer yellow at 4.35 to 4.45 and various futures from 3.62 to 4.85, including Aug 4.55 and Jan 4.75. Market activity shows firm demand and orderly trading.
New York August 22 reporting irregular foreign exchange with Great Britain at 3.46 and related cables. Rates listed for France, Italy, Belgium, Germany, and others with numerous country demands and several nominal figures including Shanghai and Mexico City as reference points.
Sugar futures in New York on Aug 22 eased from 2 p m levels as liquidation increased. By close prices were barely steady with 12 250 tons sold. Prices for Sept to July futures ranged from 1.07 to 1.18 with various months showing slight gains or losses.
A new bull market surged in New York stocks with a late short squeeze pushing many issues 3 to over 5 points higher and the closing zone strong. Transfers reached about 3 million shares as rails led the advance helped by firmer week end surveys and improved sentiment.
Call money in New York held at 2 percent for the day. Time loans for 60 to 90 days ranged from 1 1/4 to 1 1/2 percent, and 4 to 6 months from 1 1/4 to 1 1/2. Prime commercial paper stood at 2 percent. Bankers acceptances unchanged with 30 day terms at 7/8 to 3/4, 60-90 days 7/8 to 3/4, 4 months 1 7/8, and 5-6 months 1 1/4 to 1 1/8.
Washington reports a sharp counter barrage from administration allies in response to Franklin D. Roosevelt's Columbus speech. The State Department denied hints it backed foreign loan flotation, while House leader Snell questioned Roosevelt's reform plans. Wartime staff plan further remarks in Providence and Manila. Roosevelt Jr. slated to return to the United States to aid the campaign.
Liverpool reports no receipts as spot business is light but prices rise by fifteen points. American grades show strict good middling 6.40 and related Quotations with middling at 5.85 and low middling 5.70. Futures settle steady with Oct 5.74 and July 5.91 among listed maturities.
Edmund Lowe and Victor McLaglen star in Guilty as Hell at the Paramount in a fourth on-screen team battle. Richard Arlen also appears as a police reporter and detective chase a murder while the suspects fade behind comic turmoil.
Edith Arnold received a $30 judgment against M D Swayze doing business as Swayze Dairy in a district court joint petition. She fractured a bone in her arm while cranking a gasoline engine backfire occurred at the dairy three miles east of Monroe on the Millhaven road. She missed 10 days work then continued earning weekly wages plus room and board until January 31.
Hog prices at Chicago bulk 28 000 head with 7 000 direct demand slow. hogs 180 220 lbs 4.70 4.80 top 4.85. Pigs 3.75 4.25. sows 250 350 lbs 3.90 4.55. Cattle 15 000, calves 1 500. steers and yearlings very slow, mostly 25 lower. Lambs 90 lbs down 5.25 6.50. ewes 90 150 lbs 1.50 2.50. feeding lambs 4.50 4.85.
Potatoes for the U S market on Saturday and Sunday showed steady trading with moderate supplies. Wisconsin round whites were quoted at U S No 1 medium to large 75-80 cents, small to medium mostly 70. Nebraska cobblers 80-85. Minnesota early Ohios U S No 1 75, partly graded 65-70.
Butter and eggs markets in Chicago show strong activity with totals of 11 656 pounds of butter and 17 510 dozen eggs traded. Creamery specials rated 93 score move at 18 1-2 to 19. Extras 92 at 18. Firsts 90-91 at 17 to 17 1-2. Seconds 86-87 at 15 to 15 1-2. Eggs include extra firsts at 18 to 18 1-2 and fresh graded firsts at 17 1-2. Current receipts range 12 to 15 1-2.
Chicago on August 22 reports poultry live birds steady across categories. Hens and leghorn hens priced around 12 to 15 with colored broilers and fryers at 13, roosters at 10, turkeys 10 to 12, spring ducks 10 to 12 1 2, old stock 10 to 12, geese 10 to 11, leghorn broilers 12 1 2.
The newspaper states letters must be original no longer than 300 words and include the writer's full address. Anonymous or abusive submissions are discarded and no correspondence will be entered about them.
The writer reports twin calves from a 19 month Jersey cow and odd twin squashes on a vine, then notes a rooster sitting on a nest. He jokes about overproduction and signs the letter from 1001 Trenton Street, West Monroe Louisiana.
Funeral services were held for the infant son of Mr and Mrs Frank Croft at 10 this morning at Peters funeral chapel. Interment followed in Smith cemetery.
Mrs Josephine Ferro aged 77 died yesterday at 314 Cedar Street. Funeral held this afternoon at 3 at St Matthew's Church with Rev N F Vandegaer officiating. Interment followed in the Catholic cemetery with pallbearers B Miano A Scalia V Gennusa Joe Scalia Leon Cascio and C Cascio serving.
The Monroe Little Theater stages Sauce for the Gosling directed by Miss Mary Lee Sullivan with Grand Theater at 8 o'clock. Cast includes Grandma Francesca Biedenham Mother Vivian Harper Daughter Doris Beaman Father R N Slater Son Fred Fudickar Son's Friend Durwood Griffin. The second play Thank You Doctor features Nurse Gray Ann Platt Mrs Norman Lester Leigh Russell Dr Gurney Abe Johnson Patient Allen Smith Mr Cort Frank Breece with Frank Breece directing.
The Monroe Printing company, affiliated with News Star World Publishing, received a 400000 four page circular order from Montgomery Ward & Companys local office. The high grade circulars will circulate in at least five southern states from Monroe. W K Anders, local manager, supervised keeping the work in Monroe and a larger order may follow soon.
A Chrysler coupe owned by T. John of 2807 South Grand Street was recovered this morning at Sixth and DeSiard streets after being stolen yesterday. It appears the thief intended to use it for the night and abandoned it downtown after the bore rower finished with it.
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