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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 05, 1935
Page
10
Cotton futures edged lower with uncertain demand from loan sales weighing on the market. January through July contracts posted declines of 3 to 7 points, and the session finished narrowly lower, while spot cotton in New Orleans closed steady with a 6 point drop.
In New York on December 5 the market saw quiet trade with December cotton slipping from 11.83 to 11.72, meeting moderate buying on the decline and around 11.75 mid afternoon as futures closed steady, 1 to 6 points lower. Spot market remained quiet with middling at 12.20.
Met al and specialty shares led gains as inflationary groups rose while rails and industrials fell. The market closed slightly irregular with 2,700,000 shares traded. International Nickel and Kennecott among gainers. U S Steel and Sears among decliners. Postmaster General Farley cited postal receipts rising to bolster economic optimism.
New York trading shows gains in metals and specialties while rails weaken. Bonds mixed with secondary issues in demand. Curb prices steady as cotton, sugar, and coffee show varied directions amid quiet foreign exchange. Chicago wheat offers scarce, corn firm on shipping demand. cattle steady at top $14.50. hogs rise up to $10.
Chicago officials report grain prices easing as Liverpool wheat weakness weighs on futures. May wheat slips from 95 1 4 to 95 1 4, corn steadies with minor drops then advances, oats mixes with gains, and provisions rise slightly.
Hogs totaled 16090 with 6500 direct sales, prices 9.55 to 10.00 for 140 170 lb hogs, up to 10.00 top. 325 350 lb hogs 9.95. Cattle 5000 with calves 1200, steady to higher on cows and bulls, top steers 14.50, best heifers about 10.50. Sheep 8000 fat lambs steady, feeding lambs firm, best natives to 11.50, slaughter ewes 4.50-5.25.
In Liverpool on December 5 cotton of 34 000 bales including 6460 American sold in fair demand with prices one point lower. Quoted levels ranged from strict good middling 7.32 to good ordinary 5.77. Futures closed quiet and steady with Dec at 6.45, Jan 6.44, May 6.38, Oct 6.15.
Cottonseed oil markets in New Orleans closed steady with prime summer yellow at 10.30 to 10.50, prime tide 9.25 to 9.97 cents, and nearby contracts around 10.38 to 10.41 dollars per hundred. In New York, bleach-out futures rose with Dec at 10.72, Jan 10.75, and May/July around 10.80, based on 23 contracts traded.
New York market shows little price variation as December contracts hover around 2.11 to 2.17 per ton. March and May contracts slipped slightly on liquidation but end near unchanged. No major moves as futures No. 3 closes steady with 6,400 tons traded.
Call money steady at 3-4 percent all day. Prime commercial paper 3-4 percent. Time loans, 60 days to 6 months, 1 percent. Bankers acceptance unchanged. Rediscount rate at the New York reserve bank 1 and one half percent.
In Chicago on December 5 butter prices held steady with 3,827 cattle? no eggs: butter at 3,827 quantity steady. Eggs steady with various quality classes listed: extra firsts 30.5 cents, firsts around 21.25 cents, current receipts 28, refrigerator extras 22, standards 3-4.
In New York on December 5 foreign exchange remained steady with Britain at 4.93 1/2 dollars per pound and other currencies quoted in cents. The report lists demand and cable figures for numerous nations and regions including France Germany Belgium Holland Norway Sweden and more.
Potatoes totaled 48 on track 264 with U S shipments 446 and steady demand. Idaho russet Burbanks U S No 1 mostly 1 70 to 1 90 fair quality. U S No 2 1 30 to 1 35. Wisconsin round whites 1 10 to 1 20. Minnesota North Dakota cobblers 1 15 to 1 20. Early Ohios 1 20 to 1 30 mostly 1 25. Minnesota sand land early Ohios 1 00 to 1 10. Colorado Mc Clures U S No 1 1 32 sales 1 55 to 1 65.
Honolulu reports the China Clipper on the last leg of its historic first round trip air mail flight across the Pacific. Captain Edwin C. Musick and a seven crew plus three tons of mail prepare to depart for Alameda 2400 miles away after a 934 mile hop from Honolulu.
Canberra reports two air force planes will be equipped with wireless, floats and skis for an Antarctic search of Lincoln Ellsworth and his pilot Herbert Hollick Kenyon. Prime Minister Lyons notified President Roosevelt the move is a gesture of friendship. Ellsworth and Hollick Kenyon have not heard since their radio failed on the trans Antarctic flight on November 23.
The 1935 International Livestock Exposition grand champion Pat's Blue Ribbon, an Aberdeen Angus weighing 1,065 pounds, sold for $3 a pound to Armour and Company bidder Nathan Schweitzer of New York. Owner Cleo E. Yoder of Wellman, Iowa, ages 19, will receive $3,195.
The court was urged to take judicial notice that farm prices have risen since 1933 and that the economic emergency may no longer exist. Defenders argued the emergency persisted even as prices improved, noting cattle, hogs, and corn price changes and the absence of bank failures or moratoriums.
Clinton L. Bardo, president of the association, says industry has been forced into politics to survive private enterprise. Sloan warns against socialization of industry and the breakdown of the profit system as a natural bureaucratic evolution. The 1936 platform supports capitalist expansion and free competitive enterprise while opposing New Deal methods.
The tacky party planned at Mrs. W. H. Dennis home at 618 Benton Street this Friday for the Gordon Avenue Methodist church missionary society has been indefinitely postponed, officials said Thursday.
A frame residence occupied by A. Richmond was slightly damaged by fire near daybreak Thursday in Blanks' alley off the 3,000 block of Jackson street. Firemen said the blaze was caused by a defective flue.
Father lets air pistols fire near him and at De Florez as Roosevelt and De Florez faced assault and battery with a dangerous weapon charges. An arms expert tested the weapons at close range while the judge urged restraint and released the pair on recognizance with $209 bonds each.
Five-room furnished house for rent within walking distance of town. Contact Mrs. Davis at phone 1094.
Announcement lists the November 28 marriages of Evelyn Evans of Lawrence Mississippi to Johnnie Futrell of Marion and of Harry Farrar to Maggie Mae Wood. Rev W C Smith officiated both ceremonies at the bride's mother Mrs George P Wood home in Farmerville. The Farrar couple reside in Marion.
Public notices announce two sheriff sales in Ouachita Parish Fourth District Court Monroe Louisiana. The first, case No 24531 People’s Homestead Association vs Oton Wiggins, describes Lot 52 in Filhiol’s Second Guinea addition with a 40 foot strip, sold for cash only. The second, case No 24785 Graves et al, covers three fourths undivided interest in square 15 Stevens Hubbards and Springers addition with a 49.32 foot frontage on Fourth Street, to be sold for cash.
Readable fragments show multiple trip times and station codes including Pal and Pa. The data lists 2:04 PM 12:59 PM and a sequence of departure times with associated codes, indicating a transportation timetable excerpt.
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