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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 05, 1932
Page
8
Markets report quiet trade in cotton as traders awaited crop prospects and government forecasts. Prices slipped early with March near 5.62 and May around 5.72, later recovered to 5.80 for May amid rising stocks and exports of 82,547 bales, before retreating again to near-day lows around 5.71.
New York traders saw a quiet session with slight opening declines tied to easy Liverpool cables. Wheat March contracts rose to 5.74 before easing, while futures closed steady to 4-7 points lower as stock market action weighed on sentiment after a political setback.
New Orleans December 5. Cottonseed oil closed steady with prime summer yellow selling from 3.05 to 3.15 per hundredweight and prime crude from 2.37 1 2 to 2.62 1 2.
New York December 5 foreign exchange irregular. Britain quoted at 3.17 7 8 in dollars with cables at 3.18 60 day bills 3.16 3 4. France 3.90 5 8 and 3.90 11 16, Italy 5.06 1 4 and 5.06 3 4. Demands include Belgium 13.85 1 4 Germany 23.77 1 2 Holland 40.18 1 2 Norway 16.39 1 2 Sweden 17.49 1 2 Denmark 16.61 1 2 Switzerland 19.22 1 2 Spain 815 1 2 Portugal x 3.04 Greece x 55 7 16 Poland x 11.18 Hungary x 2.96 1 4 Yugoslavia 1.36 Austria x 7.57 Tokyo rate 1-2 Shanghai 27.87 1-2 Montreal 4.50 Mexico City silver peso 33.25. Nominal.
Butter prices in Chicago show unsettled creamery specials with varied lots and scores. Eggs steady at 1,410 buyers. extra firsts and refrigerator grades noted. A Kansas City survey reports kids’ games and return to corner lots formerly used for miniature golf.
New York stocks steady as repeal issues weaken. Bonds irregular rails steady. Curb steady with early rise partly lost. Foreign exchanges irregular as sterling rallies. Cotton lower with local and southern selling and lower cables. Sugar steady with trade buying. Coffee steady with foreign buying. Chicago wheat firm on bullish crop news from Texas and Nebraska. Corn steady with small southwest offerings and decreased visible stock. Cattle slow and steady to lower. Hogs moderately active and higher.
Chicago grains mark firm gains on wheat and corn as drought worries mount in domestic winter crop regions. Prohibition repeal defeat in Congress surfaces just before close with limited impact on futures. Wheat ends higher while corn and oats climb and provisions waver.
Louisiana vegetable prices hold steady with mixed gains while fruit items show varied quotations. Tomatoes plentiful California lug boxes 1.25 to 1.60. icebox lettuce crates 2.50. Cuban okra 4.00 per bushel. Florida squash 2.25 per bushel. cranberries 2.75 to 2.85 per quarter barrel. apples 1.75 per box. pineapples 2.50 to 2.75 per crate.
Chicago market report shows hogs at 3.00 to 3.50 for common weights with 3.50 top. direct hogs 25,000 and 15?0?. cattle 15,000 with steer runs 5.75 to 7.75 per 100 pounds. vealers weak. sheep slow with choice lambs down 10-15. Prices for various weight ranges listed.
Liverpool reports no receipts and fair demand with prices down by two points. American grades show strict good middling at 5.82 and middling at 5.12 with various levels from strict low middling to good ordinary. Futures closed quiet and steady with Dec through Oct contracts listed.
Live poultry in Chicago on December 5 shows 1 car 8 trucks steady. hens 9 to 11 1-2 cents per pound, leghorn hens 8, colored and rock springs 9 1-2 to 10, roosters 8, hen turkeys 15, young toms 13, old toms 11, ducks 8-9, geese 9, leghorn chickens 8.
Stocks drift in a tight session with small gains in several issues as traders await congressional action. Wet stocks like Owens Illinois Glass and Crown Cork rise slightly while most gains stay modest amid light turnover and persistent caution.
Senator Cutting of New Mexico, the first independent Republican to meet Franklin D Roosevelt, went to Washington after a lengthy talk here with the president-elect. He pledged to seek a concerted plan with fellow independents on farm relief reforestation and Indian affairs and indicated no immediate independent run for committee posts.
Sugar futures slipped 1 to 2 points in early trading in New York, then rallied into the afternoon with the market near the end of the session at or just above yesterday's close. Close was steady, with Dec contracts at 71-73, Jan 72-73, Mar 76, May 81-82, July 87-88, Sept 92-93, Oct 94. total sales 10,650 tons.
Chicago December 5 Potatoes in US supply lines show 112 on track 243 total shipments 571 Saturday 28 Sunday with moderate trading and dull demand. Wisconsin round whites 65 to 70 cents Minnesota No 1 65 to 67 1 2 cents Idaho Russets 1 10 to 1 15 for large to medium.
New York money markets hold steady with call money at 1 percent. Time loans show small shifts: 60 to 90 days 1 to 2 percent, 4 months 3 to 4 percent, 5 to 6 months 1 percent. Prime commercial paper at 11-2 percent. Bankers' acceptances unchanged with 30 days 5-8 to 1-2 percent and 60-90 days 5-8 to 1-2 percent, 4 months 3-4 to 5-8, 5-6 months 1 to 7-8.
The Paramount presents I Am a Fugitive From a Chain Gang starring Paul Muni with a cast of 37 principals and over 2 000 extras. The film follows a fugitive’s brutal prison life and dramatic escapes under a romance with a woman who betrays him.
Atlanta reporter says the Young Democrats of America plan to elect officers, maintain a separate headquarters, and host their own national convention. Tyre Taylor states they will adopt a constitution, set up a permanent national body, and hold biennial conventions, coordinating with the main party while preserving independence.
The 1932 Texas Fox and Wolf Hunters association fall hunt marked the fortieth renewal of the event and was conducted at Huntsville.
Two thirds of Commonwealth College students in MENA Arkansas walk out to protest the expulsion of two student leaders and the college’s handling of student representation. Thirty four students declare a holiday from work and classes as a five member committee leads the action.
Frank Wier has been assigned as traffic representative by the Missouri Pacific railroad in Monroe effective at once. He replaces S. R. Boykin who is transferred to Lake Charles.
In Vienna a researcher viewing Korompa Castle’s gallery in Czechoslovakia asserts thirty paintings are by old masters including Leonardo da Vinci Titian Veronese Van Dyck Murillo Velasquez Tintoretto and Holbein An Amsterdam critic deems them originals.
D. W. Robbins reported a red leather bag stolen from his car at 615 Wood Street last night at 9 19. The bag contained an Elgin gold watch case, men’s clothing, letters and papers according to the Tallulah resident.
The congregation of the First Presbyterian Church in Alexandria Louisiana extended a call to Rev. O C Williamson D D of Austin Texas to serve as pastor of the church yesterday.
Stanford coach Glenn S. Warner announced he submitted his resignation to athletic director Thomas Storey. The San Francisco Examiner claimed Warner would sign with Temple University for five years, leaving Stanford in spring, with no staff changes. The Stanford board wished to keep him, despite a 1932 season marked by four losses and one tie.
Temple University officials in Philadelphia announced Glenn Pop Warner has been offered the head coaching job there. No word yet from Warner on acceptance or terms. He would replace Henry J Miller who has coached since 1924 at Penn.
Fully half of the $19,000 budget for the First Baptist church was raised yesterday. Illness from influenza kept many away, making the progress highly hopeful for completing the fund-raising effort.
A collision on Harrison Street between a Ford coach driven by C W Kirkland on route 3 Monroe and a Chevrolet truck driven by Carl Thompson occurred this morning. Thompson said he struck Kirkland as the latter pulled out from the curb without signaling. Kirkland claimed Johnson's truck hit him as he started to move.
In Los Angeles Judge Dudley Valentine rules Ben Finnerman must pay $15 a week for child support to Mollie Finnerman, rejecting his claim that a $200 000 divorce settlement absolves him. The ruling states parental duty to support children remains regardless of prior settlements.
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