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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 03, 1936
Page
13
New Orleans markets opened with small gains after an initial dip. March and May futures recovered. Dec held around 12.24. Exports reached 29,573 bales as spot cotton closed 5 points stronger with low middling at 11.40 and middling at 12.55. Local receipts reached 8,024 with stock at 804,532.
Prices firmed through mid afternoon as Liverpool cables and outside buying supported demand. March futures rose from 11.94 to 12.04, closed near 12.03. spot middling cotton steadied at 12.64 with futures overall showing modest gains and losses across the session.
In New York and New Orleans on December 3, bleachable cottonseed oil futures closed steady. Major prices included Dec 10.55b Jan 10.56b Met 10.67 May 10.80a July 10.87b with 217 contracts traded. New Orleans quotes show prime summer yellow 10.15 to 10.35 and prime crude 9.0 with Dec 10.10 Jan 10.07b March 10.18b May 10.52b July 10.41b. B Bid.
Flood stage readings and stage changes reported for rivers from Memphis to Shreveport. Data shows fall at Ark City and fall at Baton Rouge while rises observed near Shreveport and Cincinnati regions with several cities recording small shifts in river level.
New York stocks firm as heavy industry issues rally while bonds rise and U S loans gain. Curb irregular. leaders active late. Foreign exchange steady with slight weakness in sterling and francs. Cotton steady. sugar, coffee firm. Brazilian markets strong. Chicago wheat up on larger import estimate. corn offerings rise. Cattle steady to strong. hogs up to $10.25.
Chicago wheat and corn futures opened lower on December 3 amid British market settlement expectations and English politics but later rallied. Wheat closed firmer, with December at 1.25 1/4 to 1.23 1/4 and May around 1.20 7/8 to 1.21, while corn held near prior levels and oats edged mixed.
US Department of Agriculture notes hogs at 29 000 with 10 000 direct, steady to 15 higher than Wednesday’s averages. early top 10.25, mostly 10.10 down. Cattle 5 500, calves 1 000 with fed steers and yearlings strong. top 12.35 for 1 383 lb. stockers steady, natives 5.00-7.00. Sheep 6 000 with fat lambs moderately active, good to choice lambs 8.50-8.75 and lighter ranges 7.50-9.25.
The New York foreign exchange market shows steady rates with Great Britain at 4.90 1-2 dollars per pound on demand and cables 4.90 1-2. Other currencies quoted include France 4.66 1-2, Italy 5.26 1-2, Belgium 16.93, Germany 40.24 free, 20.70 registered.
Chicago market summary lists live poultry truck lots and weight categories with prices for hens roosters and turkeys. Includes Leghorn Plymouth Rock White Rock and mixed breeds with ranges for small to large birds and dressed turkey prices for hens toms and No 2 grades.
In quiet trading, New York sugar futures eased as commission house selling reduced prices. January traded around 2.82, May 2.86 to 2.88, with No. 3 futures 3 to 5 points lower. Total sales 5,400 tons, with bids listed for Jan 2.80b Meh 2.82b May 2.84b July 2.86b Sept 2.87b.
Call money remains steady at 1 percent for the day with prime commercial paper trading 3 to 4 percent. Time loans hold at 60 days to 6 months with 1 1 4 percent offered. bankers acceptances unchanged as the New York reserve bank rediscount rate sits at 1 1 2 percent.
In New York on December 3 the stock market edged higher with heavy industry leaders up fractionally while overall activity remained light. Transfers totaled about 2,100,000 shares as U. S. government bonds rose and European currencies fell. prominent gainers included Wright Aeronautical Douglas Sperry Boeing U. S. Steel Bethlehem and several others.
Liverpool reports 12 000 bales including 900 American with spot demand fair and prices down one point. Quotations: American strict good middling 7.61, good middling 7.31, strict middling 7.01, mids 6.81, strict low middling 6.56, low middling 6.11, strict good ord 5.81, good ord 5.51. Futures closed quiet and steady with Dec 6.58, Jan 6.57, Mar 6.57, May 6.54, Jul 6.49, Oct 6.22.
Potatoes on track with total U S shipments at 605. Supplies light and demand slow, limited to best stock. Idaho Russet Burbanks U S No 1 2.50 2.70, U S No 2 2.00 2.05. Colorado Red McClures No 1 2.35 2.60. Wisconsin round whites No 1 1.90, commercial 1.75. Michigan Russet Rurals No 1 1.95. Green Mountains No 1 2.05.
Butter and eggs pricing figures for Chicago dated December 3 show 6 988 pounds of butter moving easy with creamery specials at 93 score, extras at 92, and firsts around 88 to 91. Eggs total 4383 weak with current receipts near 31 to 33 1 2 cents, reflecting refrigerator standards and car lots.
Farmerville and nearby communities hosted a stream of weekend visitors. Elbert Haskin, Ruston music director, stayed with the Lees. Miss Larah Palmer visited Miss June Stancil. Mrs. Mayme Herbert visited her aunt Mrs. Tatum. Doris Ramsey, teaching in Minden, visited with Grace Hils of Olla. Lynn Pomroye and son visited Bastrop relatives. Mrs. W P Butler, Winnsboro, stayed with the Jone and Jones households. families welcomed guests from Monticello Ark and Natchez Miss. Deason Jones and W R Whitaker hosted visits with relatives. Thanksgiving guests included Florinell Francis and family. more trips tied to Shreveport, Monroe, Ruston, and Minden.
News notes renewed talk of the engagement between Helen Hull Jacobs and Hershel Johnson at the American embassy in London. Both deny the reports as the Wimbledon champion arrives and the above picture is taken.
Classified pages outline rates for want ads and columns of legal notices in Monroe including Sheriff sales, property descriptions, and bank stockholder meetings. Notices mention Ouachita Parish Fourth District Court actions with December 5 1936 sale dates and January 12 1937 bank meetings.
Mrs Stella Norris accompanies Notary Public B and B Mansberg in Farmerville for several days with his mother. Mrs J D Baughman and daughter Faye Baughman return Friday from a week with relatives in Rayville.
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