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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 05, 1940
Page
11
New Orleans December 5 futures gain on price fixing and favorable textile reports but gains fade as long realizing and hedging trim profits. Nearby closes show slight advances across December through October contracts. spot cotton also climbs 3 points to 8.98 to 10.48 depending on grade with large arrivals and stock.
New York cotton futures moved to season highs amid active trading and price fixing concerns. Near the close gains faded as hedge selling and local selling resumed, leaving December through October contracts mixed with modest net advances and some declines.
Liverpool reports easier trading with 4-Spot cotton quiet and prices quoted lower across grades. American staple values show strict good middling at 9.17 and various levels from 8.72 to 6.92, with futures closing unchanged to 3 points lower for March May July and October.
In New York on December 5, cottonseed oil futures closed unchanged to 3 higher with Dec at 586B and March at 5 3955, May 604B, July 6108. In New Orleans on December 5, prices remained steady with prime summer yellow at 5.65 cents per pound and prime crude at 4.75 cents, with Dec at 5.96B, Jan 5.40B, March 5.30B, May 5.58B, and July 5.63B.
Chicago reports potatoes arriving at 125 on track 428 and total shipments 357 across the United States. Nebraska Bliss Triumphs and Minnesota North Dakota Cobblers show No 1 grades around 150 65 and 85 90 percent with early Ohics Bliss Triumphs at about 8 to 95 1 45 percent.
Chicago December 5. Poultry live 64 trucks bring hens ducks geese chickens steady for light and heavy weights. Hens over 5 pounds 14 1 2, 5 pounds 1 2, under 12 1 2. Ducks 4 1 2 to 5 pounds up. White geese 13 1 2. Prices unchanged on other grades.
New York trading shows world sugar futures largely flat with March at 74 1/2, September 83 1/2. Domestic prices steady around 1.00 to 2.00 bid for July after a 2.1 level, Cubas around 2.85 late yesterday, Puerto Rico over quota at 2.82, refined at 4.35.
Butter receipts total 483 209 with firm demand. Creamery butter grades 93 score 35 1 2 to 36 92 35 to 91 34 3 4 and 90 34 1 2 to 89 33 3 4 BB. Centralized carrots 4 1 2. Eggs receipts 3 383 unsettled. Fresh graded extra firsts 30 firsts 2. Other prices unchanged.
Cyril Vorwald of Guttenberg Iowa works as a mule that opens the pasture gate and drives the cows into the barnyard every afternoon in a rural scene.
Regular Argentine issues advance while foreign exchange stays quiet. Cotton rises with lighter hedge selling. Copper steady at 12 cents amid good demand. wool tops improve due to buying by trade and commission houses. Chicago Wheat steady with hesitancy. Corn down on weak shipping. Cattle firm to higher with small receipts. Hogs down 5 to 10 cents on ample supplies.
In New York on December 5 leading stocks retreated slightly after an early rally faded. Trading slowed with rail and industrials showing mixed moves as year end tax selling and peace talk weighed on sentiment. Major decliners included United States Steel, General Motors, Chrysler, and Kodak while Dow, Dupont, and Sears held firmer.
Wheat corn and oats opened steady with small changes. December wheat shifts ranged modestly with May contracts mixed. Corn opened mixed with slight declines for December and gains for May, while oats slipped modestly from previous levels.
President Roosevelt rode the cruiser Tuscaloosa with escort Mayrant and Trippe after leaving Miami on a Caribbean reconnaissance voyage. The weather was sunny with 80s temperatures as the group eyed newly acquired naval bases and avoided fishing plans.
A blast at Bateson No. 1, Michigan's deepest test oil well in northern Bay county, sent flames 100 feet high. The fire toppled the tower and caused an estimated 65 000 dollars in damage as Gulf Refining officials awaited a Texas dynamiter to help suppress the blaze. The well produced gas from 7 776 feet below the surface.
The Southern Freight Association sponsored consolidated freight classification, issued by the railroads, offers shippers new savings with rates effective December 31. About 2 000 articles are added to mixed carload commodities, allowing the same rates as carloads. Illinois Central System VP F H Law notes the publication is streamlined and more usable, detailing nearly 10 000 articles, applicable ratings, packing, minimum carload quantities, and handling rules.
Los Angeles, Dec 5. Margaret Huntly Schall testified in the federal mail fraud trial of Edna Ballard and others, saying she was promised freedom from 25 years of blindness through visualization of light rays. She described how Ballard claimed ascended masters could precipitate needs and how she urged her to move to Los Angeles to escape coming catastrophes.
Hollywood report from December five outlines Ann Sheridan's salary stand as she seeks a new contract worth 2000 dollars weekly, up from a disputed 1500, amid rumors of a studio compromise. She hosted guests at her home near the studio while defending her value against longrun deals and salary caps.
Sheriff’s office and state police arrested three persons Wednesday night on Highway 80 for disturbing the peace. Each was jailed under a $150 bond. Names given include Mrs. Charles Housewright 38 of Highway 80 O B Brown 40 of Ruston and F B Talbert Ruston. Milton Bankston was also arrested as a wanted suspect for breaking and entering.
Congressman Newt V Mills announces immediate start on WPA drainage schemes across Big Creek Colewa Bayou Bayou Tensas Black Bayou Carroll Lake Kimbal Bayou Caney Bayou and Cross Bayou with 551000 total aid from federal and WPA funds and Army Engineers.
Notice filed by Drew Kennedy administrator requests authority to sell at private sale for not less than 1300 dollars cash. Property is in Monroe Ouachita Parish described as parts of Lots 7 8 9 and 10 in Square 99 D A Breard addition fronting Mood's Alley and Ninth Street. Heirs may oppose within ten days after last publication.
Albert M. Norwood a real estate dealer leaves New Orleans to begin a year of service in the army under the selective service act. His recall from the Orleans parish grand jury is granted as he starts active duty.
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