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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 10, 1935
Page
9
Prices hovered around early levels as near positions slipped while distant months held steady. Bankhead act and New Deal tax uncertainty restrained speculative activity with December at 11.71 and March 11.37. Spot cotton closed steady up three points at 11.15 with 1,642 sales and large stock.
New York price action shows nervous, irregular moves in cotton futures amid weak stock markets and silver volatility. March advances to around 11.45 before sliding. overall the session ends steady with mixed gains and losses. Spot cotton remains quiet with middling around 12.10.
Liverpool reports 17 000 bales traded including 5 700 American Spot as prices drop twelve points. Quoted values show American strict good middling 20 down from earlier, with levels from good ordinary 5.45 to strict good middling 20, and forward prices for December through October listed, market described as quiet and steady.
In New Orleans on December 10, cottonseed oil closed steady with prime summer yellow at 10.30 to 10.50 and prime crude 9.37 1 2 to 9.50. Futures quoted at December 10.40b, March 10.40b, June 10.40b, May 10.41, and July 10.44b.
New York futures for cottonseed rise across all active months with Dec at 10.79 and Jan 10.75. March and May settle around 10.78 while July posts 10.89. Trade shows 31 contracts including two switches.
Sugar futures rose today amid trade buying and steadiness in the spot market. March at 2.06 and September around 2.18 with overall activity showing 9,850 tons sold and prices closing near the session high. contracts No. 3 finished 2-8 higher.
Chicago December market data shows live poultry at 33 trucks steady with various weight classes. Dressed turkeys remain steady for young hens, old, and toms with price ranges noted across sizes and weights.
In New York trading on December 10, mining shares fell broadly as world silver prices declined, dragging overall markets lower. Several major issues drifted down while some names held, with transfers around 2.5 million shares and notable moves in U S Smelting Cerro de Pasco and International Nickel.
New York trading opens with heavy stocks and sharp moves in mining shares. Bonds uneven and secondary issues ease. Curb markets damp, foreign exchanges steady, gold currencies improve. Cotton quiet with buying. sugar steady to higher. coffee weak. Chicago wheat up with Winnipeg export demand. corn firm. Cattle and hogs soften. hogs down to 9.90 top.
Chicago grain markets opened with wheat and corn down then rebounded. May wheat tops around 95 3 4 to 7 8 cents, May corn up to 59 5 8 to 3 4, oats steady, provisions higher by 2 cents.
Chicago December 10 cattle and hogs underwent slow openings with demand weak. Hogs 20,000 head with 5,000 direct. prices near 9.75 to 9.85 for 180-300 lb, best sows around 9.45. Cattle 8,000 head and calves 1,500. red steers and yearlings weak to 25 lower, calves around 14.00 for top loads, most cattle 8.00 to 11.50. Sheep 9,000 fat lambs slow at opening. good to choice native lambs 10.75 to 11.00, best 11.25 and up.
Foreign exchange irregular. Great Britain in dollars, others in cents. Rates listed for multiple countries including France 6.59 3-4, Belgium 16.85, Germany 40.22, Argentina 2.817n, Brazil 8.59n, Japan Tokyo 28.80, Shanghai 29.95, Montreal in New York 98.93 3-4, New York in Montreal 101.06 1-4, n-nominal.
Chicago December potato market reports slow demand and moderate supplies. Idaho Russets and U S No 1s show few sales with prices around 1.75 to 1.60 per cwt, Minnesota North Dakota Red River culls about 1.22, Ohio early No 1 near 1.25, Colorado McClures around 1.50 to 1.60, overall dullness and cautious trading.
Chicago market notes show butter firming with unsettled creamery specials and various grade ranges. Eggs remain weak but show slight price dispersion across fresh graded firsts and current receipts, with several standard and extra first categories listed.
Call money remained steady in New York with 3 to 4 percent for the day. Prime commercial paper quoted 3 to 4 percent, time loans 60 days to 6 months offered at 1 percent, bankers acceptances unchanged, and the New York Reserve Bank rediscount rate at 11 and one half percent.
Monroe Louisiana sheriff appointments and dates listed for December 1935 through January 1936. Includes events on December 10 18 26 1935 and January 2 8 1936. Also mentions Ara Wane with December 10 16 28 30 1935 and January 8 1936.
Daily service notes list Trip No operates daily except Sundays and Holidays. Trip No 8 runs daily except Mondays and days after holidays with legal holidays named including New Years Washingtons Birthday Memorial Day Independence Day Labor Day Thanksgiving and Christmas. Lusheor Stop mention appears in fragment.
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