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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 07, 1936
Page
9
New Orleans and New York report a quiet yet steady session with futures closing up modestly after limited activity. Traders awaited the government crop estimate while domestic mills set prices and distant buyers showed some interest in later months.
APPOOL December reports show American cotton prices steady with demand in spot markets. Good middling runs 7.57 with other grades listed from good middling to strict low middling, while futures for December to October trade around 6.25 to 6.59 with little change.
In New Orleans on December 7, cottonseed oil closed steady with bleachable prime summer yellow at 10.40 to 10.60, prime crude 9.25 to 9.75, December contract 10.34, January 10.34, March 10.42, May 10.60, and July 10.68 per barrel.
Bleach and cotton seed oil futures closed with Dec 10.80, Jan 10.83, March 9.094, May 11.08 11.09, July 11.13 11.14. Sales reached 207 contracts in New York.
New York sugar futures showed uneven movement with an undercurrent of softness. March held near 2.80 while July fluctuated from 2.83 to 2.84, and the late session closed about 1 point lower overall with No. 3 futures quiet and down 2 points.
Butter prices firm with various lots and grades listed: firsts, extras, standards, and centralized lots. Eggs trade at 3 378 steady with current and refrigerator standards and extras noted for local markets.
Chicago on Dec 7 reports potato trading stalled as USDA data show 128 on track 251, total U S parents 693, Sunday 44, weather slows activity and receivers not opening cars.
New York shares mixed with specialties up as leadership shifts. Bonds irregular with some convertibles lower. Curb market steady. a few specialties gain. Foreign exchange narrow with slight gains against the dollar. Cotton quiet but higher in cables, sugar steady, coffee down on Brazilian selling. Chicago wheat up, corn strong amid cold, cattle and hog futures higher with top prices noted.
Wheat prices firmed in early trading as Liverpool quotations showed strength. Dec wheat up to 1.25 and May to 1.21 3-8. Corn opened 1-8 to 1 1-8 higher with Dec at 108 3-8 and May near 103 1-2. By day’s close corn advanced 3-4 to 1 3-4, wheat up 7-8 to 1 1-4, oats gained 3-4 and provisions held steady within a 25 cent bulge.
Chicago cattle hogs and sheep prices report mixed gains and steady to firm price moves. Hog and cattle offerings included direct sales and strong demand with tops and best lots earning higher quotes. light lights and sows showed varied to moderate gains. Sheep and lambs opened steady with good to choice native and western lambs quoted around 8.50 to 9.00.
Chicago buyers see steady live poultry trading with 1 car and 34 trucks reported. Hens and other varieties show increases by weight classes, including Leghorn and Plymouth Rock breeds, while dressed turkeys remain steady with both young and old categories listed.
The ante bellum Belle Vue plantation home near Lake Bruin seven miles from St. Joseph burned Saturday evening. Origin undetermined. loss not stated but described as large with priceless heirlooms. Manager W. Walker and family were away at a picture show. the two story frame house erected by Eli Tullis in 1850 is now owned by Mrs. Spencer Harris of Kansas City.
Ouachita College in Arkadelphia reports its second major blaze in three weeks. A laboratory fire on the third floor and attic of the 35 room main building caused about 40,000 dollars in damage, covered by insurance. School says classes will continue.
New York December 7 The stock market showed industrial optimism but traded listlessly with gains in a few low priced issues and many leaders flat or down Traders blamed weak London and Paris markets for risk aversion while bonds and commodities followed uneven paths Several issues advanced including Manati Sugar Texas Gulf Producing U S Industrial Alcohol Paramount Warner Bros Loew s Dome Mines and Goodyear Others like U S Steel General Motors Chrysler Montgomery Ward and Sears Roebuck lagged Behind Investors hoped for spring trade momentum but noted dividends have largely ceased acting as a market stimulator.
Chicago December coverage profiles Betty Jaynes a 15 year old schoolgirl hailed by critics after debut as Mimi in La Boheme with the Chicago City Opera. Her mature soprano impressed veterans while General Manager Paul Longone notes strong demand from concert promoters and film studios.
Michael Perumean three months old was found unharmed and asleep in the back seat of his parents car stolen overnight in Los Angeles. Police retrieved the infant near Anaheim after a tire blew out. the car had been driven about 20 miles from a Downey residence. Pete and Cecilia Perumean, visiting relatives, were initially unaware of the theft.
Mrs. C. E. Hester of Tallulah has been named Louisiana field secretary of the National Kindergarten Association. She will advance public school kindergartens and provide materials to organizers while leveraging her extensive club leadership background.
One black mare mule about ten years old with a white spot on the neck. Reward offered for information. Contact Sartor & Co. Alto, Louisiana.
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