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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 10, 1936
Page
5
Cotton futures on the New Orleans market rose to new highs as trading shifted after news of the English king’s abdication. December at 12.66 12.67, March up about 0.10, May 0.10, with closes near session highs. exports reached 30,766 bales. Spot cotton closed steady 15 points higher.
New York reports cotton futures advancing 14 to 17 points on active foreign and commission house buying, with prices closing very steady and gains of 12 to 21 points. March contracts climb from 12.26 to 12.39, spot middling at 12.98, while July and other months trade near prior levels amid mixed realizing.
Liverpool market reports 9,000 bales traded with 4,900 American as spot demand remains limited. Prices advance four points with American grades listing strict good middling 7.68 and middling 6.88 while futures close steady with Dec 6.70 and Oct 6.37.
New York Dec 10 cottonseed oil futures closed strong with Dec 11.00b Jan 11.24 Mech 11.30 May 11.45 July 11.50 and 562 contracts traded including 10 switches. New Orleans Wheat and oil market notes show steady close with bleachable prime summer yellow 11.00-11.20 and prime crude 9.75.
Markets at a Glance reports brisk rally with firm stocks led by steels and coppers while bonds hold steady and rails improve. Foreign exchanges rise with sterling upturn. cotton and sugar buoyed by British developments. coffee declines on weak Brazilian markets. wheat irregular, corn large offerings. cattle steady to weak. hogs steady to lower with top at 10.03.
Chicago wheat prices edged down early with a hesitant start and closed mixed. December futures eased to around 1.28 1/8 while May hovered near 1.23 5/8 to 1.24, corn mixed from 1.08 to 1.04, oats steady to off slightly, and provisions firmer by about 22 cents.
Hogs 33 000 with 11 000 direct steady to slightly lower than Wednesday, top 19 95. Cattle 7 000 with direct 1 200 and market steady to weak. Sheep 10 000 including 3 500 direct with fat lamb bids around 8 75 to 9 00 on good to choice. natives 9 23 upward. Prices noted for various weights and grades across hogs cattle and sheep.
In New York on December 10 the Great Britain pound is quoted at 4.90 1 4 dollars on demand and cables, with 69 day bills at 4.89 1 4. French franc at 466 4 8 on demand and 4.66 3 8 on cables, and Italian lira at 3.26 1 2 on demand with 5.26 1 2 on cables.
An OCR fragment lists numerous country and city entries with varied numeric values and quotation marks. No clear event or narrative is present, making a definitive summary difficult from the provided text.
Chicago prices show unsettled trade across live poultry and dressed turkeys. Leghorn hens and Plymouth Rock and White Rock birds rise in various weight classes while turkeys and capons trend higher, with many figures listed for hens roosters ducks geese and young birds.
New York trading sees a sharp rally as England's abdication crisis settles. Steels and copper lift many issues, with shares advancing fractions to two points or more amid renewed optimism and firmer bonds and commodities. Major movers include U S Steel Bethlehem Republic Deere and more. several names show only modest gains.
Call money remains steady at 1 percent with 1 per cent all day, commercial paper 3-4 percent, time loans steady, 60 days to 6 months at 1-4 percent, bankers acceptance unchanged, Rediscount rate at the New York Fed 1.5 percent.
Butter and egg market notes from Chicago report firmer prices for creamery specials at 93 score with $3122. extras 92 and firsts 88-89 show varied value. Baers handling 5,639 units with easy extra firsts ears and local receipts, refrigerator standards 27 3 4 and related verticals indicate current market receipts and price spreads.
Farmerville Lodge in Louisiana selects new officers at its regular December meeting held in Farmerville. Details of roles and attendees were reported by the lodge secretary.
The Ouachita Parish stockholders meeting for The Ouachita National Bank of Monroe is set for January 12, 1937 at 3 PM in the Directors Room to elect a Board of Directors, review the Liquidating Committee report, extend contracts, and transact bank affairs including liquidation and equity matters. Also included is Ordinance No 3063 adopting the 1937 budget with estimated revenues and expenditures for Parish of Ouachita, detailing salaries, services, transportation, printing, and other line items.
American flier Bert Acosta aligns with government troops in Spain and travels from Paris to Murcia for his first duty post. Acosta, who crossed the Atlantic with Admiral Byrd, had been planning the proposed New York to Paris air race in May 1937.
Miss Mimi Beal daughter of Mr and Mrs Charlie Beal of Farmerville and Farmerville High School faculty was selected Miss Farmerville in a Lions club sponsored beauty contest at the high school auditorium. Seven more winners and entrants received prizes and future competitions include Miss Louisiana state event and a Shirley Temple dress for Patricia Ann Phelps. Charlie King pled guilty to robbery and wounding W A Farley and was sentenced to six years in the state penitentiary with Farley hospitalized and later moved for treatment.
Ralph Harper senior warden Cotton Allen junior warden Draughon Smith secretary A. Smith treasurer Horace Ludwig tier appoin tive officers Harry Preaus senior deacon Jimmie Webb junior deacon A B Turnage master of ceremonies M O Love Willie Word stewards Installation of officers will be held on December 21.
Ferriday residents gathered for the December Ferriday Book Club meeting with Mrs. William Mayer hosting. Members reviewed Green Margins by Mrs. Sam Rife and Madame Toussaint’s Wedding Day, while Soldier of Fortune dedicated to Mrs. Cammie G. Henry was discussed by the hostess.
Sugar futures in New York on December 10 held generally steady after early gains from trade covering. Late trading showed little movement with July futures touching 2.87 and several contracts around 2.85 to 2.88. Total sales reached about 6,200 tons across January to September deliveries.
Chicago reports USDA data on potato shipments totaling 415 units with 50 on track and 266 on the track. Demand remains slow and supplies moderate as prices vary by grade and origin including Idaho Russet Burbanks U.S. No. 1 and No. 2 and Colorado and Wisconsin items.
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