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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 31, 1933
Page
10
Market drifted as holidays and government actions delayed activity. October and December futures glimpsed slight gains before easing. overall trade remained subdued with net declines of about 8 to 9 points and 35,533 bales exported. Spot cotton closed steady with modest gains across grades.
New York August 31. Cotton prices moved irregularly in a narrow range after an opening decline caused by southern selling and liquidation. Rallies on covering and trade buying followed as December slid from 9.66 to 9.61. Afternoon trading remained quiet with slight net declines, spot middling prices near 9.45.
Liverpool market notes cotton tending better demand with improved business yet prices down. Quotations for American cotton show good middling around 5.45 and good ordinary near 4.75 with futures prices Dec 5.41 Jan 5.02 July 5.65 as listed.
New York based exchange firm reports prime rates for Great Britain in dollars and other currencies. It lists 60 day bills at 5.58 and various country demands such as Belgium 19.88 Germany 0, Sweden 23.49 and Switzerland 27.45, with cross rates for Tokyo Shanghai 28.87 and Mexico City silver peso.
Early 1 to 2 point advances in sugar futures on thin covering and bargain demand. From there contracts rallied with September around 1.45 December 1.55 January 1.59 March 1.64 May 1.69 and July near 1.71, with the market steady despite unchanged to 1 point net losses. Sales reached 11 800 tons.
Potatoes and commodity quotes show mixed results with U S No 1 rounds at 2.15 to 2.25 per cwt in several states and Russets around 2.40 to 2.50 in Washington. Money market rates steady with call at 3 to 4 percent and terms from 60 days to 5 months in the 1 to 2 percent range. prime commercial and bankers acceptances noted.
Inseed Oil v New York trading opened with futures and spot prices listed. Prices ranged from 4.75 to 5.32 by February and March contracts, with August notes indicating September to December bids.
Markets steadied with pre holiday apathy as trading slowed on August 31. Alcohols and oils led minor gains while many issues fluctuated in small fractions. overall turnover about 1,100,000 shares and most prices held steady.
USDA Chicago market summary shows hog volume 50 000 with 9 000 direct and 30 000 government aid. Fed steers up 10-15 higher with diverse weights. Cattle calves and sheep activity steady to firm amid mixed grade runs and buyers.
Chicago August market notes show live poultry prices steady with 32 trucks. Hens 10 to 11 cents, Leghorn hens 8, springs 4 to 6, turkeys 8 to 11, ducks 4 to 5, geese 9, Rock crested breeds 10 to 12 cents, colored varieties mixed.
Butter prices hold at 10,251 and eggs at 0.974 with no change in the Chicago market as of August 31. The report notes steady pricing and stable quotation levels across dairy and egg commodities.
New York reports steady stocks with alcohols and oils firm and bonds dull. Curb market firm while oils rally. Foreign exchanges firm as sterling recovers. Cotton and sugar steady with Cuban buyers. Coffee climbs on bullish Brazil crop signals. Chicago wheat unsettled, corn steady with demand. Cattle up 10 to 15 cents to a top of 7.15, hogs steady to 5 cents higher at 4.40.
In Chicago on August 31 profit taking pressured grains as wheat moved from a sharp advance to a mixed close. Wheat opened down then recovered, corn eased with little change, oats and rye varied, and provisions traded unevenly as traders reassessed prior gains.
Government efforts to issue about 1,000,000 retirement checks for destroyed cotton in Ouachita Parish encounter delays. E R Strahan reports no payments yet but expects checks to begin soon as staff increase output from 25,000 to 40,000 daily. Weather and plowing delays push receipts by about a week.
Washington reports a growing chance the 18th Amendment could be repealed within ten weeks as voters in 24 states show support for the repeal measure. With states like Vermont Maine and others voting in September and October the nationwide tally grows toward the November deadline.
The Standard Oil company of New York will raise service station and tank wagon prices by half a cent per gallon starting Friday, with dealer margins increasing by the same amount. All gasoline marketing firms will stop discounts at service stations under the oil code. The text also notes that planting rice by airplane has become established in the United States.
In Monroe, multiple civic groups including the Century Club, Literary Guild, and Humble Study Club gathered Thursday. Representatives from numerous organizations attended as the Eastern Star and auxiliary groups supported the event.
Local leaders say higher ginning costs keep farmers from receiving proceeds of seed and curb NRA goals. They urge a broader probe into oil mill price fixing to aid cotton belt recovery, hoping other communities join the petition. Two Negroes kidnapped Katherine Prince and shot Mace Carver near Sevenoaks, Dallas.
Public notices announce delinquent tax sales of movable property in Ouachita Parish Louisiana to begin September 2 1933 at 11:00 am at Monroe courthouse for 1931 taxes with 10 percent interest and costs. Also notices to mortgage creditors and court rules for Fourth Judicial District address court terms and protest cotton price concerns and the impact on cottonseed oil mills in the region.
A historical document outlines court rules and schedules from Morehouse and Ouachita parishes. It covers attorney rolls, jury duties, memorial days, trial fixing, grand juries, and regular sessions, with dates set for August 1 1923 and July 15 1933.
We express gratitude to many friends for kindness and words of sympathy during our daughter's illness and death. Special thanks to Drs. Hill and Graves. Appreciation also goes to Eugene Fercerson T C Matty D B Mays and the King family for support.
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