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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 06, 1932
Page
8
Commodities traders held steady on government crop prospects with an early uptick in New Orleans as futures climbed. January hit 5.66, March 5.76, May 5.34 with gains extending to 11 to 15 points at close. exports reached 47,373 bales.
An early rise in cotton futures due to steady Liverpool cables and a firmer stock market eased later as liquidation increased. March touched 5.79 and settled near 5.68 with a net 11 to 15 point mid day gain, while spot middling held at 5.80 amidst quiet trading.
New Orleans and New York markets reported cottonseed oil closing barely steady to easy. Prices listed for prime summer and crude grades include ranges around 2.37 to 3.98, with contracts noted and sales of four contracts recorded amid unsettled trading.
New York December 6 reports foreign exchange figures with Great Britain in dollars and others in cents. Cables and demands are listed for countries including France Germany Belgium Italy and more with values for currencies such as the British pound the French franc and the German mark.
USDA Chicago market report shows hogs 30 000 head slow with prices 2.85 to 3.35 for pigs and 2.36 to 3.25 for sows and 3.15 to 3.50 for 250 350 lb sows. Cattle 7 000 with steer and veal prices ranging 4.00 to 7.50 per cwt and vealers 4.00 to 5.00. Sheep 10 000 slaughter classes ready with ewes 1.25 to 2.75 and bulk bids 0.50 to 6.00 for native stock.
Call money and loans held steady in New York with rates at 1 percent for all day. Short term loans 60 to 90 days at 1 to 2 percent, 3 to 4 months at 1 percent, and 5 months at 1 percent. Commercial paper at 11 to 2 percent. Bankers acceptances unchanged.
Grinnell notes warn that writing love letters to a father figure is a cautious preamble to deeper sentiments. The quote frames affectionate language as a protective act in intimate correspondence.
New York stocks advance with strong motors leading the gain while bonds are irregular and rails hold firm. Curb and Lake Shore strengthen to new highs. foreign exchanges steady. cotton and coffee rise on demand. sugar quiet with weak spot demand. Chicago grains fall as winter wheat acreage weighs. corn weakens. cattle steady to lower. hogs slow and lower.
Chicago grain prices opened higher on December 6 as traders anticipated bullish unofficial domestic crop reports. Wheat rose 1 eighth to 3 eighths, corn edged and ended near the unchanged level, oats fell and provisions were mixed, with the overall session showing a firmer tone early but uneven closes.
New Orleans reported fruits and vegetables held about steady amid light to moderate demand. Louisiana sweet potatoes sold 50 to 75 cents per 100 pound sack, second crop Bliss Triumph 1.50 per cwt, Maine potatoes 1.25 to 1.30 per cwt, onions 70 to 75 cents per 50 pound sack, cabbage 1.50 to 1.60 per cwt, lettuce 2.40 to 2.50 per crate, tomatoes 1.25 to 1.65 per log box, and oranges 2.25 to 2.75 per box. Other items include broccoli 50 to 65 cents, cauliflower 1.40 to 1.50, and lemons 5.95 to 6.25 per box.
Potatoes on track with 258 total U S shipments 411 weak supplies liberal and slow trading Wisconsin round whites quoted 65 to 67.5 cents Minnesota Red River Ohios few sales 80 Michigan Russet rurals 65 to 67.5 cents Colorado McClures 1.05 to 1.10 Idaho Russets 1.05 to 1.10 small to medium 1.00 to 1.05 cents per pound.
Butter and eggs prices in Chicago on December 6 show creamery specials around 22 3 4 to 23 1 4 with extras near 22 1 4 and firsts 21 to 22. Eggs volumes total 2 392, with extra firsts at 31 1 2 and graded firsts at 30 1 2, current receipts 28 to 29 1 2, refrigerator firsts 26 1 2 and refrigerator extras 27 1 2.
In New York on December 6 sugar futures opened unchanged and slid about a point before late trading, then rallied on covering and Cuban support to finish essentially steady or up by as much as one point. Volume reached 8,450 tons with prices at December 71-73, January 72-73, March 77, May 82-83, July 88, September 92-93, October 94.
Liverpool reports 18 000 bales of cotton traded in fair demand with prices three points higher. American grades lead, with strict good middling at 5.85 and good ordinary at 4.35. Futures closed very steady: Dec 4.93, Jan 4.94, Mar 4.96, May 4.97, Jul 4.98, Oct 4.99.
The New York stock market advanced in late trading with many issues up 2 to 5 points as shorts covered. Turnover neared a million shares while General Electric and Allied Chemical led gains and concerns over tariffs and the franc influenced trading.
Six weeks tests begin this afternoon at Ouachita parish high school and run through the week. Elementary and city school tests follow on Thursday and Friday. Ouachita parish junior college finished its ten weeks tests last week. Absentee rates rise due to influenza but schools remain open.
Legion post moves to secure 40 acres for vegetable gardens to aid needy families through Welfare, Salvation Army, Red Cross and others. Unemployed members will run a trucking program and grow produce for distribution. The meeting included reports on a recent air circus and charity football game. Hugo Mendel of Salvation Army spoke on their campaign and the post pledged full cooperation.
Everett McCoy of 109 Hampton street reported to police that his 1932 Chevrolet coach was stolen from in front of his home between 10 and 11 o'clock last night. The vehicle was described as having a bent right rear fender.
The funeral service for James L. Branch infant son of Mr and Mrs Grady Branch of West Monroe is set for 4 30 this afternoon at Peters funeral chapel. Rev Louis Hoffpaulr of the First Methodist church West Monroe will officiate. Interment will follow at Hasley cemetery.
Chicago dispatch notes poultry prices for live stock with figures for hens leghorn roosters turkeys ducks geese and chickens across classes. The report also lists multiple corporations and stock percentages including Standard Oil California Studebaker Union Carbide United States Steel Western Union Western Electric and Woolworth, with various share indicators.
Legal notices announce a marshal sale on December 17 1932 at Monroe City Hall front door for a 1928 Buick Coach Serial 2820 Motor 1967445 seized under writ of seizure. Terms cash highest bidder with no appraisement.
A special election date of January 17 was set to choose a successor to the late Judge Percy Sandel in the fourth judicial district. Gov. O K Allen issued the proclamation. Two candidates have announced David I Garrett and John M Munhol land.
Five prisoners were moved from the parish jail to the Louisiana state penitentiary farm at Angola by Sheriff Milton Coverdale and a deputy. The group included Louis Aaron, 26, the sole white man, and four Black inmates, with sentences ranging from one to life terms for offenses including murder and burglary.
Notice details multiple real estate sales tied to writ of attachment and judgments. Listings include parcels in Monroe Louisiana and Ouachita Parish with specified lots, blocks, streets, and dates for sale. Key names include T J Mulhearn, Marion G Kendall, and G B Haynes with January 17 1933 sale dates.
A collection of sheriff sale notices from Ouachita Parish Louisiana detailing writs of fi fa and auctions for properties in West Monroe Monroe including G B Haynes parcels in blocks and squares plus lots in Austin Eby additions and Fairview subdivision. Auctions list dates December 1932 and January 1933 with cash terms and highest bidders sought.
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