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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 03, 1940
Page
9
Markets in New Orleans show steady closes as trade, short covering, and Worth Street rumors of U S army purchases support futures. Spot cotton closes steady eight points higher with low middling at 8.91 and receipts totaling unspecified for the day.
New York trading saw futures advance as Liverpool strength and firmer trade lift demand. Short covering appeared in December while hedging stayed light, with mid afternoon quotes showing gains across contracts and nearby spot prices firming.
In Liverpool on December 3, spot cotton shows limited demand with prices up 4 points. Quotations include American strict good middling 9.14, ing 8.23, low middling 1.89, strict good ordinary 7.39, good ordinary 6.89. Futures close 2 to 25 points higher with May 7.91, July 7.88, October 7.8.
Cottonseed oil futures in New York closed mostly unchanged to five lower as trading ranged across the curve. Prices listed include Dec at 5.25 to 5.78, Jan 3.80b, Mar 5.89, May 5.99b, and July 6.04b with 65 contracts sold.
Arrivals 130 on track 425, total U S shipments 377, cold weather kept demand fair. Idaho Russet Burbanks U S No 1 1 50 to 1 58, Minnesota and North Dakota 1 71 to 1 05, Bliss Triumphs U S No 2 5 per cent higher, Early Ohios 1 95 to 1 97, Wisconsin Deleesion 1 30, Nebraska Bliss Triumphs 1 65.
Butter receipts reach 605972 with firm creamery bids and multiple quality grades. Eggs show receipts at 4541 with current and refrigerator categorized items, including extra firsts and firsts priced in ranges.
Trading was light in domestic sugar futures as traders awaited the 12 quota announcement. Prices were little changed with January 1. with March at 1.92 and world contract activity minimal. Raw sugar shows 8,000 tons Philippines offered at 2.90 cents and 3,000 tons Cuba January shipment at 2.90 duty paid. Refined steady at 4.35 as demand holds.
Bonds and rails edge higher while foreign exchange remains subdued as Hong Kong dollar advances. Cotton rises with sport covering and house buying. Sugar shows uneven activity as commission houses buy and operators sell. Metals hold steady with tin softening. Wool firms with commission houses and trade buying. In Chicago trading, lower demand weighs on corn as cattle stay steady with small receipts.
The New York stock market opened lacking strong incentives and closed with minor declines, as trading slowed to about 450000 shares. Leaders drifted lower while a few issues steadied, with mixed early wavering in United States Steel Bethichers Youngstown Sheet Western Union Kennecott Chesapeake & Ohio United Aircraft and du Pont. gains seen in Fruehauf Trailer Elgin Watch and Humble Oil.
Chicago grain notes show wheat futures opening 1 8 to 3 8 cents lower amid securities weakness, with December at 89 3 8 to 1 4 and May at 87 1 8. Corn opens 1 8 lower to 1 8 higher, December around 62 3 8 and May at 61 3 8, then wheat steadies near closing levels.
Chicago dealers report poultry live prices steady to firm. Geese 12 lbs down to 13, over 12 lbs 13, capons 7 lbs up to 8, under 7 lbs 18 1-2. Slips 16 1-2. Other prices unchanged.
The Grayson P T A prepared for a December Christmas program at the Grayson school with Mrs J C Hines presiding. Students from each grade will participate and hostesses were appointed including Mrs F G Johnson and Miss Ruth Hughen. Minutes from October were read and treasurer’s report given.
In Anderson Indiana burglars robbed firemen lockers of 300 dollars after a false alarm to St Johns Hospital led to firemen rushing to the scene. Assistant Chief Arnold Meister linked the two events suggesting the burglars created the alarm to distract responders.
Birth notice from Vaughan-Wright Bendel Clinic records the December 1 arrival of a daughter named Jo Marion to Mr. and Mrs. R. W. McKeller. The item notes a comparison of ambassadorial salaries, citing the British ambassador to the United States at about $80,000 annually and stating it as roughly four times the salary of the ambassador to England.
Det Raymond Bell said Merial McCoy 23 of Lafollette confessed to poisoning her mother Mrs Nanie Adarris in March to obtain a fifteen dollar welfare payment for three dependent children. McCoy was jailed in Jackson County awaiting investigation as deputies questioned a 27 year old man living nearby.
Sheriff Milton Coverdale announced a state treasurer check for 85849.39 reimburses local homeowners under the 2000 homestead exemption on 1940 taxes. Exemptions are approved parish wide. owners should call at the courthouse tax office to pick up receipts as they pay remaining balances. The new tax roll was approved and collections began November 3.
New York December 3. The parcel post service from the United States to all areas except ten has been suspended due to the war. Packages may be sent only to Great Britain Ireland France Switzerland Portugal Spain Gibraltar the Azores Iceland and the Faroe islands. Regular foreign mail continues including letters magazines newspapers and books. George Bernard Shaw's first job paid about 90 a year.
Multiple writs of seizure describe sheriff sales in Monroe Louisiana Ouachita Parish. Properties include a furniture and bar fixtures inventory and a Layton’s Addition lot with 150 foot depth. Additional parcels cover Ouachita National Bank mortgage and large land tracts in Sections One and Twelve. Dates span 1940 to 1941 with cash terms.
Public notices detail several writs of seizure and sale in Ouachita Parish Louisiana. The records list auctions for household goods and real estate including a Monroe town lot in a 1949 probate, and a 1941 sale of Arent's Flournoy property. Also included are sheriff sale items and city ordinances establishing a Fire and Police Civil Service Commission with appointive members by November 1940.
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