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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 01, 1931
Page
8
In New Orleans on December 1 the cotton market showed modest gains midday as grains and stocks rose, with January futures touching 6.14 and March around 6.30 before easing into the close. Trade volume reached 37,269 bales amid volatility and late selling.
The New York cotton market opened with a drop influenced by Liverpool cables and stock declines, then rallied on trade buying and covering with January contracts up to about 6.13. Prices closed mixed with some futures near yesterday’s close, little changed overall and trading quiet.
The Cotton Letter reports midday shifts as prices reversed losses with buying from Wall Street and trade traders expanding short covering. South buyers consider mill talks to urge uniform output restraint while Liverpool and Eastern brokers fade on weak futures, with limited physical demand in the belt.
USDA figures show steady US potato trading with 65 on track and total US shipments at 166. Wisconsin Whites No 1 remain at 80 to 90 per sack, with category 5 noted and overall steady sentiment in the market.
Poultry market notes show seven trucks on hand in Chicago with fowls at 14 to 14.5, roosters at 11, young turkeys around 16, old toms 16, ducks between 13 and 15, and 21.2 cited in the latest truck count and price range.
In New York on December 1 irregular stock trading with rails rallying while bonds and utilities sag. oils firm and foreign exchange erratic with sterling near a yearly low. Cotton steady and sugar higher as trade buys. coffee easy from commission houses. Chicago notes wheat firm due to Russia buying Australia wheat. corn steady with firmer cash market. cattle irregular and hogs lower.
Grain prices fell at the start as British exchange rate shocks and weak New York markets pulled bids. Wheat slipped initially then steadied with highs late in the day, closing unsettled and 7-8 to 13-4 cents above yesterday. Corn and oats moved modestly, with corn mostly steady and oats mixed in the session.
Foreign exchange irregular. Rates quoted for Great Britain France Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Romania Argentina Brazil Tokyo Shanghai Montreal Mexico and other centers. Descent rates are nominal.
New Orleans December snippet shows cottonseed oil close steady with prime summer yellow at 4.00 to 4.10 and prime crude at 3.25 to 3.50. Futures prices listed for December through July range from 4.15 to 4.41 with gradual increases through the year.
New York December 1 price note shows cotton seed oil closing steady with prime summer yellow at 450 and prime crude at 3.25. Mention of Pennsylvania sales and 25 contracts traded, indicating limited activity and price references amid unclear lines.
U. S. Department of Agriculture livestock report details hogs with 58 000 head and cattle 10 000 head. Prices show hogs largely 3.40 to 4.40 per cwt with top 4.40. sows 3.65 to 3.80. pigs 3.75 to 4.15. Cattle ranges include steers 7.50 to 12.75 and vealers 5.00 to 7.00. Sheep near steady with better lambs 5.50 to 5.75 and ewes 1.50 to 3.00.
Liverpool on December 1 reports moderate cotton business with prices up 23 points. Quotations show American grades from strict good middling at 5.88 to strict good ordinary at 4.78, with receipts totaling 21,000 bales and American 6,900. Futures closed barely steady with Dec at 4.78 and Jan at 4.77.
Call money in New York remained steady at 21 2 per cent for all day trading. Time loans showed small gains with 60 days at 31 2 per cent, 90 days at 33 4 per cent, and 4 to 6 months at 4 per cent. Prime commercial paper quoted at 33 4 4 and bankers acceptances unchanged.
Early losses on the New York Stock Exchange reversed as rails led a broad recovery. Delawa re and Hudson Missouri Kansas Texas preferred Chesapeake and Ohio Baltimore and Ohio Missouri Pacific New Haven and Union Pacific advanced 1 to 3 points in afternoon trading. Industry names like United States Steel American Can International Harvester and Case gained, while reports of a potential Canadian wage cut for railways fueled speculation. Sterling weakness and oil sectors showed mixed moves with copper firms showing a tentative uptrend.
Chicago markets show butter and eggs trading with mixed scores and varied household product tags. Butter values include creamery specials and extras with scores around 90s, while eggs report multiple grades and current receipts near 25 to 28 cents.
The twenty millionth Ford vehicle, built at the Rouge plant with Henry and Edsel Ford present, departs Dearborn on April 14 and will reach Monroe about 8:25 am Wednesday. It will tour Milner Fuller Inc for 35 minutes before continuing to Greenfield Village to join the original 1893 Ford.
December 1 report from the U S Department of Agriculture notes light demand with little price change from Monday. Louisiana graded Porto Rican sweet potatoes plentiful at 1.00 per 100 lbs. Idaho Russet Burbanks 1.75-1.85 per cwt. onions firm 3.75-4.00 reds, 3.50 yellows. Rutabagas 1.65-1.75 per 100 lb sack. garlic 6.50-7.50 per cart. Louisiana Creole oranges 2.00-3.00 per box. Florida grapefruit 1.50-2.25 per box. cucumbers 3.00 per bushel. okra 1.00-1.50, peppers 1.25-1.50, beans 1.25-1.75 per bushel. Iceberg lettuce 3.50-3.75 per crate. cauliflower 1.50-1.65. tomatoes firm 2.50-2.75. three cars sweet potatoes and one car mixed vegetables shipped from Louisiana.
Shades and bed coverings in a rear room at C. Burkett’s home, 404 Clayton Avenue, West Monroe, were damaged by fire started by a child left alone. Firemen reported a passerby extinguished the flames late yesterday. An adjacent car fire and a box car fire later involved West Monroe firefighters.
Fifty hampers of snap beans and fifteen crates of grapefruit were donated by F. Strauss & Son Inc to the Monroe Welfare Association. Bond's Bakery contributed cakes and breads. The board of directors was notified by secretary Mrs. W. P. McCall and began immediate distribution. Additional clothing including men's suits and overcoats was donated, with shoes needed. A $50 donation from Interstate Natural Gas Co employees in memory of Filhiol Breard was received. Milk distribution for undernourished preschoolers began today via Morning World's Free Milk Fund, with intake coordinated through the welfare association at 307 North Second Street. Spectacles were secured for an elderly man who may call for them. The board thanks donors as winter increases activity and aid to families continues.
William H. Strother, 21, was found not guilty by a district court jury in Alexandria of the murder of Rick Rini, Mooreland merchant, in November 1930. Co-defendant Carson Stone was previously acquitted. the Strother jury deliberated five minutes.
Mr and Mrs Ivan M Harville of West Monroe announce the birth of a daughter at St Francis Sanitarium Monday night. The infant weighed seven and a half pounds. Mother and child are doing nicely.
Sidney A. Moss of Omaha Nebraska is appointed freight agent for Missouri Pacific Railroad in this city effective today, replacing H. McGough who moved to Missouri. Moss brings 25 years of railroad experience with assignments in Carthage and Webb City Missouri before transferring to Omaha, and he is active in Omaha civic life with Lions Club and church affiliations. He is married with a daughter living in Los Angeles.
Ruth Phillips twenty eight was sentenced to four months in jail after pleading guilty to attempting to kidnap eleven year old Rachael Gamble. They were captured by American officials at El Paso Texas after being seen in a Jaurez barroom across the border. She said she took the child from Atlanta to help her and not to harm her.
Hollywood bulletin reports Tom Mix recovering from peritonitis after surgery on November 28 for a ruptured appendix. His physician called him the luckiest man alive and said he would likely remain in the hospital for about two more weeks.
By virtue of a writ of fieri facias from the Fourth Judicial District Court, Ouachita Parish, Monroe, LA, sale of Lot 4 and Lot 2 in a described addition is ordered. Property seized as the defendant’s and will be sold cash to the highest bidder at public auction at the designated Monroe location on specified dates in 1931 through 1981 per sheriff Milton Coversdale.
Public notices detail sheriff sales in Ouachita Parish Louisiana. Writs issue from Fourth Judicial District Court for multiple defendants and properties in Monroe and West Monroe with sale dates set from 1931 to 1932. Descriptions include lots, squares, and parcels with payment terms and appraisement.
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