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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 14, 1932
Page
8
Cotton trading showed steady gains as stocks and wheat rose, with March and May contracts climbing after an initial dip. Export business reached 11,581 bales as buyers covered shorts and demand expanded, lifting prices above six cents. Dec to May finished near the day’s top levels with gains of about 24 to 26 points.
New York traders saw an opening tumble and subsequent gains as demand and covering picked up. March contracts advanced from 5.86 to 6.05 with late-day activity steady. futures closed 23-26 higher, middling 6.20, amid a quiet market.
Cotton totals reach 15 000 bales including 6 100 American with spot demand up and prices eased one point. Quoted levels show American strict good middling 5.54 and good ordinary 4.34, with futures closing quiet at Dec 4.91 and later months around 4.94 to 4.99.
Wisconsin round whites quoted 75 to 77 cents per hundredweight with some at 80. Idaho russets at 1.10 to 1.15 dollars. Colorado McClures around 1.27 1/2. U S total shipments at 282, dull trading and moderate supplies.
Sugar prices slipped by up to 4 points at the start of the final hour with futures closing steady to 3 points lower. Trading totaled 13,400 tons as Dec 74B and subsequent months quoted: Jan 71B, Mar 75, May 80, Jul 86, Sep 91, Oct 93N.
Chicago on December 14 reports live poultry steady with 44 trucks. Hens sell at 10 to 13 cents, Leghorn hens 9, colored springs 10, Rock Springs 10 1-2, roosters 8, hen turkeys 14, young toms 12, old toms 10, ducks 8 to 10, geese 10, Leghorn chickens 8 1-2, and broilers 13.
Butter trade at 5 600, steady prices. Eggs 11 326, steady with extras 32 and 27 3 4 cents. Current receipts 29refrigerator firsts 26 3-4, refrigerator extras 27 3-4.
Call money in New York on December 14 remained steady at 1 percent for the day. Time loans held firm with 60 to 99 days at 1 to 2 percent and 4 to 6 months at 1 to 4 percent. Prime commercial paper quoted at 11/2 percent. Bankers acceptances unchanged.
New York reports firm stocks with markets recovering from early hesitancy. Bonds and U S governments show strength while curbs and utility groups like American Gas and Electric display strength. Foreign exchanges mixed with franc weak and sterling up. Commodities mixed with cotton higher and sugar, coffee lower. Chicago wheat steady. corn steady with steady foreign markets. cattle irregular.
Chicago on December 14 reports grain values easing in a narrow drift with little effect from debt news. Wheat futures show slight rallies while corn declines early then steadies. oats and rye mixed with little change overall. Lard and bellies also hold within recent ranges.
New Orleans markets showed weaker bunched vegetables with best tomatoes rising. California and Texas tomatoes and various fruits and greens traded in mixed ranges with crates and sacks priced from $1.00 to $4.00 per unit, including onions, cabbage, peppers, and citrus.
New York foreign exchange desk lists Great Britain at 3.28 five eighths demand and 3.28 three quarters on cables with 60 day bills at 3.27 half. France 3.90 and 3.90 three sixteenths, Italy 5.11 half and 5.12 cables. Other rates include Belgium 13.84 half, Germany 23.80 half, Holland 40.19 half, Norway 16.99 half, Sweden 17.99 half, Denmark 17.09 half, Switzerland 19.23 half, Spain 8.14 half, Portugal 3.04, Greece 53 0 16, Poland 11.18, Czecho Slovakia 2.96 1 4, Jugoslavia 1.36, Austria 14.00, Romania 0.59 3 4, Argentina 25.79, Brazil 27.57, Tokyo 20.75, Shanghai 28.00, Montreal 85.75, Mexico City silver peso 33.20. Nominal values shown.
Cottonseed oil closed steady in New York with prime summer yellow at 3.50 and prime crude ranges from 2.25 to 2.62 per gallon. Futures show bids around 3.55 for January and 3.60 for March as market activity remains subdued amid mixed demand.
New Orleans reports steady close for cottonseed oil with ranges across grades. Prime summer yellow bids 3.05 to 3.15, prime crude 2.25 to 2.62, and futures for Dec 3.20 Jan 3.22 March 3.40 May 3.50 July 3.63, reflecting a balanced trading session.
A brisk late rally followed initial hesitation after the French chamber refused to approve tomorrows debt installments. The upturn lifted many blue chips 1 to 3 points and transfers ran near a million shares as New York trading closed firm.
Livestock prices active in Chicago trading with hogs 22 000 head including 9 000 direct. Heavies up. top 3.15. cattle 7 000 with vealers firm. Sheep 13 000 at standstill with lambs down. various weights and grades listed. Also mentions various company names in a garbled following list.
River side Country club outside the city limits reported a burglary to police. Edward S. Girault of Island Drive said access was gained by breaking a lock with a steel bar. Items taken included gloves, candy, golf hose, socks, tape and cigarettes. No suspects named.
Henry Goodwin, 30, of New Orleans, recently released from state prison, was arrested early today and charged with breaking into an oil company filling station. Police trapped him in the station after breaking a duplicate key, found him with a revolver he tried to discard, and charged him with armed robbery.
Ruston officials for 1933 include Blue lodge officers Worshipful Master R H Brooks Senior Warden R O Young Junior Warden M A Knotts Treasurer W S May Secretary Fred Welder Senior Deacon D D Gay Junior Deacon M A Driggers Ryler Joe H Wilson. Chapter lodge officers High Priest W F Pearce King W S May Scribe G W Bond P S Henry R Mays C H A H Riser Treasurer O G Barker Secretary B C Van Hook.
Hollywood football field day for Universal's The All American gathers top college players and coaches led by Christy Walsh to film a game analysis. Trophies from Universal and a judging panel featuring Amos Alonzo Stagg, Pop Warner, and others crown the showcase.
Rain in Monroe over the last six days reached 5.03 inches by 7 am as measured by government observer Miss Kate Key. In the 24 hours ending then precipitation was 0.29 inch, with temperatures around freezing and a high of 36 and a low of 33. The Weather Bureau in New Orleans forecast continued rain and cooler weather for the next day or two.
Reuben Forman, born 1905 and a 1926 LSU graduate, son of Mr and Mrs P W Forman of Gilbert La and nephew of Mr and Mrs Sidney Dixon Monroe died in Gilbert early this week. He taught in Ouachita parish schools for years and left a widow a four year old daughter his parents and several brothers and sisters.
R. B. Mitchell aged 76 died yesterday at Celeste Texas after a short illness. He was brother of Dr. Tom Mitchell of Monroe and had lived in Monroe in years past before moving to Texas. Survived by two sons and five daughters. his wife died earlier. Interment will be in Celeste.
In California on December 14 a returning storm prevented heavy frosts in the citrus belt. Rain soaked the lowlands and snow covered the mountains while temperatures rose in the north and fell in the south, altering the expected frost danger.
In Shreveport Louisiana the constitutional challenge to the Hood act repeal by referendum will be decided from briefs to Judge Robert Roberts. Oral arguments were waived as attorneys file briefs. The case tests the November 8 repeal and argues the referendum usurps legislative power.
In Shreveport Charity Hospital two young patients, a three year old named Oran Sebastian and 20 month old Donald Charleville, faced risky operations after inhaling a nail and swallowing an open safety pin respectively. Surgeons prepared to operate as mothers waited.
A fire destroyed a home at 313 Malvern Street now Louisiana Training Institute. The father is ill with influenza and the mother says three children sleep on a thin quilt on the floor. They need a bedstead with springs and quilts, and request loan of a bedstead and other supplies.
Manager Harry W. Rice announces a 11 10 p m benefit at the Paramount Saturday December 17. Proceeds go to the Good Fellows fund. The film Touchdown with Richard Arlen and Mary Brian plus entertainment and Mrs. Harry W. Rice in School of the Dance. KMLB staff donate services. tickets sold this week by fund directors.
In New Orleans today four young men will receive Rhodes scholarships after an exam of 12 candidates from six states. From Alabama Walter Merrill and Arthur Chenoweth study at the University of Alabama, Arkansas David Bridewell and C P Lee are from Forrest City and Washington and Lee respectively, Louisiana Richard Cadwallader and Leon Davries Hubert Jr are LSU and Tulane students, Mississippi Arthur B Dugan and Ebb J Ford Jr from Aberdeen and Pascagoula, Texas Wilson Hull Elkins and Howard Fletcher Brown, Oklahoma Jack Fischer and David St Clair.
H. B. Bradley pleaded guilty to issuing bad checks in district court and was sentenced to 60 days in jail. He returned from New Orleans to face the charge after an arrest there several days ago. Rugust Guchene also pleaded guilty to theft of coon hides and received a nine month jail term.
J. R. Williams pled guilty to breaking into the Dixie Sandwich shop on Walnut street. Dave Jackson pled guilty to shoplifting in West Monroe and was sentenced to 30 days in jail.
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