Cotton Market Review New Orleans December 8
Spot cotton closed steady with 9 point gain in New Orleans trade. Trading noted government measures and futures activity as December through March contracts moved amid thin buying and active exports.
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 08, 1936
Page
25
Spot cotton closed steady with 9 point gain in New Orleans trade. Trading noted government measures and futures activity as December through March contracts moved amid thin buying and active exports.
New York trading shows futures closing higher with gains of 9 to 14 points amid a market rally after the government core crop report. March advances and Liverpool quotes reflect broader strength, with various cotton grades listed and prices hovering near highs.
In New York on December 3, cottonseed oil futures closed firm with Dec at 19.806, Jan 10.87, March 10.97, May 11.11-12, July 11.19. Sales totaled 301 contracts. In New Orleans on December 8, the market remained steady with bleachable prime summer yellow at 10.56-70 and crude at 9.37-2, with March 10.49B and May 63B quoted.
Flood readings show 24 hour stage changes across stations including St Louis Little Rock and other sites. Several gauges report rises and falls with varied values indicating rising water at multiple points along the river system.
New York market report notes steady stocks with rails and steels gaining, bonds mixed, and convertibles up. Curb, specialties rise while foreign exchanges firm and dollar offerings increase. Cotton steady, sugar quiet, coffee weak on softer Brazilian markets. Chicago bids Wheat unsettled amid profit-taking, corn down with wheat. Cattle steady, hogs down to 10 off, top at 10.25.
Chicago wheat and corn futures fell early with December wheat at 1.25 3-4 and May at 1.21 3-4. Prices closed unsettled with wheat down 1/2 to 5/8 from yesterday, oats up 1/8 to 3/4, and provisions steady to 15 cents higher.
New York trading saw fractional gains in rails steels motors and specialties amid overall lists moving sluggishly with light volume and uncertain rules ahead. In Chicago hogs cattle and poultry markets edged lower or steady as prices fluctuated, while European buyers and bond markets remained cautious.
New York reports show Great Britain exchange rates with demands for several countries and cities listed in dollars and cents. Sugar futures eased then steadied after early losses, with March to Sept futures around 2.79 to 2.84 per pound as liquidity limited trading. New York City also notes 7,000 firemen on duty.
Potatoes for U S shipments total 484 on light demand with moderate supplies. Idaho Russel Burbanks U S No 2 2 45 to 2 70, U S No 2 1 95 to 2 05, Colorado Red McClures U S No 1 2 45 to 2 65, Nebraska Bliss Triumphs U S No 1 2 25, Wisconsin round whites U S No 1 1 85 to 1 90, U S commercial 1 72 1 2, U S No 2 95. Michigan Russet rurals U S No 1 1 90.
Call money remains steady at 1 percent all day. Prime commercial paper trades 3 to 4 percent. Time loans steady with 60 days to 6 months at 1 to 4 percent. Bankers acceptances unchanged. Rediscount rate at the New York Reserve Bank 1.5 percent offered.
Chicago December 8 butter steady at 8 371, eggs steady at 5.063. Extra firsts cars and local 32 1 2, fresh graded firsts 31, current receipts 30 1 2, refrigerator standards 29, refrigerator extras 29 1 4.
Notice for regular annual meeting of The Ouachita National Bank stockholders in Monroe Louisiana to elect a Board of Directors for the year and transact business in the Directors Room at ten o’clock A M. plus liquidator appointment for Monroe Office Equipment Inc and sheriff sale notice for a Chevrolet Truck in Ouachita Parish with date December 19 1936.
The regular annual meeting of the Bank of Monroe will be held January 12 1937 at 3 PM in the Directors Room of The Ouachita National Directors for the ensuing year. The meeting will receive consider and act upon the annual report of the Liquidating Committee and continuation or selection of the committee. It will also consider extending contracts between the two Banks dated January 3 1933 and amendments and extensions and take such action as stockholders deem advisable. The meeting will transact all business related to the bank including its liquidation and supervision of rights and equities of the bank and its stockholders.
A series of rental notices describes rooms and houses for rent at addresses including 604 Arkansas 501 Washington 108 Miro St 1707 South Grand St 1707 South Grand St and 1305 Natchyu Street West Monroe. Listings mention front bedroom adjoining bath two story new home and three to seven room houses with garages and various rents.
A lost and found listing service in The News-Star and Morning World offers free postings to help locate owners. The Losers Service Bureau maintains an index of ads from recent weeks to aid recovery of items such as dogs purses jewelry or other missing articles.
Used car listings advertise bargains at a dealership on North Second near Washington. The notice touts affordable vehicles and a 3 percent offer, urging buyers to shop with confidence.
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