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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 12, 1932
Page
9
Cotton futures in Orleans rose to new intraday highs as buying supported by good cables and oils, with January trading up to 5.99 and May near 6.08 before profit taking cooled the session. Exports for the day reached 28,288 bales, while November yarns and cloth exports from Britain showed higher year over year volumes.
New York reports a generally steady cotton market with moderate demand aided by steady Liverpool trade. South movement hampered by poor weather, no significant southern selling pressure, March contracts up during the day, prices finishing near session highs with a spot middling price of 5.95.
New Orleans market reports steady to mostly steady fruit and vegetable prices on December 12. Celery and oranges plentiful, Louisiana cabbage rising, onions and potatoes mixed, California garlic and fresh produce active. several items quoted by weight, sack, or crate with notable entries for Maine potatoes, Idaho russets, and fancy apples.
Liverpool notes show prices above previous close with quotes for American cotton across grades. Telegraphed figures list strict good middling to low middling ranges and futures for Dec Jan March May July with slight shifts in values.
Call money steady at 1 percent all day. Time loans steady with 60 to 90 day terms at 1 to 2 percent, 4 months 9-6 months at 1 percent. Prime paper quoted 11-2. Banker’s acceptances unchanged with 30 days 1-2 to 60 90 days, 1-2 to 3-8, 4 months 168 to 1-2, 5-6 months, 7-8 to 3-4.
New York stocks firm with slight gains and improved list. Bonds steady while German loans rally. Curb, utilities firm and foreign exchanges steady with narrow sterling moves. Cotton and sugar rise on demand. coffee quiet with buying. Chicago wheat easy with rains in the southwest. corn easy with higher stocks but weak cash trade. Cattle dull with liberal carryover. hogs slow to higher.
Chicago grain prices drifted downward with Liverpool wheat quotes softening. Wheat opened steady to 3 8 lower and ended unsettled 1 8 to 5 8 under Saturday, corn off 1 8 to 3 8, oats firm 1 8 up, and provisions uneven with small gains and losses.
Hogs 35 000 including 15 000 direct slow steady to 5 above Friday 3 15 25 top 3 25 pigs 2 75 3 00 packing sows 2 35 2 50 200 250 Ibs 3 10 3 25 250 350 Ibs 2 90 3 20 pigs 100 130 Ibs 2 75 3 25 Cattle 22 000 calves 2 000 largely long yearling and steer run bulk grading good to choice nothing done 600 900 Ibs 5 25 7 50 90 1100 Ibs 5 25 slaughter cattle and vealers steers 7 50 1100 1300 Ibs 5 00 7 50 1300 1500 Ibs 5 00 7 50 vealers milk fed 5 50 6 50 Sheep 20 000 mostly steady spots shade lower than last week s close early bulk good to choice native lambs 5 50 6 00 few 6 10 6 25 lambs 90 Ibs down 5 50 6 35 ewes 90 150 Ibs medium to choice 1 25 2 75
The New York foreign exchange market shows steady rates with Great Britain at 3.26 1-8 dollars on demand and 60 day bills at 3.25, France around 3.90 5-16, Italy at 5.11 1-4, and various other currencies listed including Belgium 13.85, Germany 23.78, Norway 16.84, Sweden 17.84, and Mexico City silver peso 33.10. Nominal.
Cottonseed oil markets hold steady with values in both cities. In New Orleans prime summer yellow priced at 3.00 to 3.10 dollars, prime crude around 2.25 to 2.62 with nearby contracts: Dec 3.15, Jan 3.20, Mar 3.35, May 3.45, July 3.55. In New York prime summer yellow 3.45, prime crude 2.25 to 2.62 with 29 contracts sold.
New York sugar futures moved higher late in the session with January rising to .77 and March to .80 after earlier declines. The market held steady near those levels at 2 p.m. and finished unchanged to 1 point higher as liquidation and hedge selling eased. December contracts listed at 71B with other months at 76B to 95N.
New York stocks edged higher in a quiet morning but eased in late trading to finish with negligible changes. Volume reached about a million shares as some gains appeared in U S Steel Union Pacific Borden Goodyear Case Santa Fe Allied Chemical and Consolidated Gas while other issues drifted.
A federal jury ruled in favor of Fred G. Hudson against Georgia Casualty and American Surety after deliberations from 7 to 11 p m. Hudson will receive 5000 plus 5 percent interest from August 28 1930 and court costs. District court had awarded Hudson 7000 against George Schlosser for an Arkansas crash on August 28 1930. federal judgment limited to 5000 due to Schlosser policy.
Walter Clyde Davis a 50 year old former Colorado Springs Building and Loan president arrested on charges of stealing 1 000 000 hanged himself in his New York City jail cell using a necktie as a noose. Police cut him down after three hours of resuscitation efforts.
The Chicago market shows butter at 6819 steady with creamery specials around 23 1 4 to 3 4 for extras and firsts, while eggs at 2119 steady with extra firsts about 32 and fresh graded first around 31. Prices reflect current receipts and refrigerator lots.
Chicago December 12. Potatoes on track 130 with total U S shipments 449 Saturday 11 Sunday. Supplies moderate and no trading accounts. Market firm and normally unchanged due to cold weather.
Chicago December 12 poultry trade shows steady demand across live bird categories. Hens 10 to 12 cents per pound for Leghorn hens 9 and 12. Roosters 8, turkeys 11 to 16, ducks 8 to 9, geese 9, broilers 13. Eleven vehicles moved in the day with 18 trucks noted.
Mrs Sam Goldman wife of the Monroe Goldman's store proprietor sustained a severe arm injury in a Saturday night automobile crash between Shreveport and Marshall Texas. The incident occurred while driving to Kilgore to run another Goldman's store. Her arm was cut to the bone after it was driven through a window. She underwent surgery at a Marshall hospital.
In cooperation with the Adult Union the Young People’s organization will present a Christmas pageant at the West Monroe Methodist church on Sunday December 18. After the pageant gifts will be received to be distributed among less fortunate West Side residents. Any donation helps bring a little Christmas joy.
James Morris Higginbotham son of Mr and Mrs R L Higginbotham of this city was named one of ten chosen for membership in Stars and Bars Tulane university chapter of Alpha Omega Alpha honorary medical fraternity announced Saturday in New Orleans. He is a Tulane medical school senior set to graduate next June at 22, a notable honor for the Monroe student.
In Tucson three major university squads visited the city. Oregon, en route to Baton Rouge to face LSU, stopped briefly after a workout at Arizona Stadium. UCLA Bruins, heading to Gainesville to play Florida, also worked out. Notre Dame planned a brief stop on its way home after a loss to USC in Los Angeles.
H B Bradley was returned from New Orleans by a sheriff deputy to await trial on forgery, accused of cashing a forged money order for 4 50 from Hunt and Whitaker pawnbrokers. Experts say the human digestive system needs 16 hours rest per day.
Shreveport officials report 2120 pupils absent due to influenza along with 30 teachers and three principals. Fair Park high and C. E. Byrd high lead absences as conditions threaten Christmas break. negro schools suffer from clothing shortages. Superintendent Jones weighs early closure. Dr. Walker may suspend classes if illness worsens.
A special aviation committee meeting of the police jury convened at 2:30 PM in the courthouse to discuss Selman field operations. Local pilots from Smoot field allege discrimination and seek fair access, with Selman airport owned by the parish and open to all pilots who follow regulations. Members include J E Bryan chairman D Y Smith vice chairman Alfred Jenkins S O Henry A E Montgomery J E Rutledge C R Tidwell George O Breece and John M Breard president of the police jury ex officio.
Chicago report says police pursue six theories to learn who killed Edwin Schildhauer 28 a high school bandmaster abducted near his home and found with two bullets in his brain. investigators probe infatuation rumors, possible political ties, and a possible link to a local gangster as motives.
Cash prizes totaling 60 will be awarded in a Christmas tree deco rating contest with first, second and third prizes of 20, 10 and 5. An exterior decor award offers 15 for best outside display and 10 for second place. Judging begins December 21. indoor decorations receive no prizes. Donations come from News-Star-World Morgan and Lindsey Woolworth Grant's store and city utilities.
The Ouachita parish junior high Y held its weekly meeting in the Weaks building as freshmen and sophomores joined three new members Lowell Chandler Earl Mason and James Wallace A business meeting occurred J F Craig sponsors the group A mock trial pitted Fluitt Handley against John Renwick with Renwick charged for failure to fulfill obligations and Fluitt prevailing by jury verdict
The article notes that few days remain before holiday recess. St. Matthew's school will close on Friday December 23 and resume January 2. Ouachita Parish Junior College will continue sessions this week and into next week before vacation starts and ends January 3.
Mrs. R. V. Fulton wife of Rev. R. V. Fulton pastor of the Choudrant Methodist church died after a several months illness at 12:15 a.m. She was 51. Funeral at Choudrant Methodist Church tomorrow at 9:30 a.m. Rev. W. L. Doss will officiate. Interment in Chapel Hill cemetery. Survived by children from a former marriage Marion Gilliland Mrs. Paul Crowell Miss Berta Gilliland Henry Gilliland Claude Gilliland, all of Monroe or Choudrant.
Nathan O. Burnum aged 52 died from a sudden heart disease and funeral services were conducted at Peters funeral chapel with Rev. W C Scott officiating. Interment followed at Smith cemetery. He leaves a widow and sister Mrs Kate Murphy of Dallas. Pallbearers included Clark Ranson Sam Gunn A Morgan Leon Marx Henry Mickey Fred Pettit P K Gibbs and Abe Arent.
A hold warrant for Walter Heinie Henderson alias Jackson, jailed in Caddo parish, was sent to Sheriff Hughes from Marlow Oklahoma. He is wanted in Oklahoma City for robbing the State National Bank on November 7. Henderson is identified as a suspect in that robbery and possibly another Oklahoma bank job.
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