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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 15, 1936
Page
9
New Orleans December cotton futures eased with the last delivery day approaching. December dipped to about 12.53 while March and May fell to roughly 12.32 and 12.19, aiding a net daily loss of 8 to 15 points. Spot cotton closed steady with a 13 point drop.
Distant cotton deliveries rose to fresh highs on active foreign demand before prices retreated. March slipped from 12.37 to 12.34, with most quotes 6 to 11 points down in mid afternoon. Futures closed steady to 7-14 lower, spot middling at 12.92.
Liverpool on December 15 reports 4,000 bales of American cotton in limited demand. Spot quotes improve with categories from strict good middling at 7.80 to good ordinary 5.68. Futures finish steady with Dec at 6.81, Jan 6.79, Mar 6.80, May 6.77, Jul 6.72, Oct 6.47.
In New Orleans on December 15 cottonseed oil closed steady with prices for various contracts listed. Bleachable prime summer yellow ranged 11.05 to 11.25, prime crude 9.75 to 10.00, and December through July futures quoted from 10.85 to 11.05 with bids noted.
Chicago reports steady demand for potatoes with light supplies. Idaho Russet Burbanks fetch U S No 1 2 75 per cwt while U S No 2 ranges 2 00 to 2 05. Colorado red McClures 2 40 to 2 50. Wisconsin round whites 1 75 to 1 80. Michigan Russet Rurals around 1 90.
The river daily stage report lists multiple stations from Memphis to Cincinnati, noting stages, changes, and rise or fall indicators. Key locations include Helena, Vicksburg, Natchez, Baton Rouge, Little Rock, Shreveport, Monroe, Pittsburgh, Chattanooga, and Nashville with varying measurements and 24 hour changes.
New York stocks show irregular trading with specialties resisting late selling while bonds are mixed and rails rise. Curb market leads with mining and utility shares, cotton lowers on liquidation, sugar steady with higher spot, coffee up as Brazilian markets hold. Chicago grains fall on profit taking. corn weak on marine settlement prospects. cattle steady. hogs down 10 to 15 cents, top at 10.05.
Chicago wheat futures opened lower and drifted lower through the session with December at 1.34 1 2 to 3 4, May at 1.29 1 2 to 30, while corn eased from 3 4 to 17 8 off before near limits. Hogs and cattle showed broad declines from Monday averages with limited trading, top hog price around 10.05 and cattle trading slowly with mixed weights and modest gains for some calves, as overall week activity remained weak.
New York trading saw some industrials rise by fractions to a point while many issues stagnated or fell. Transfers totaled about 2.5 million shares as the market softened late with scattered losses and muted activity in bonds and currencies.
Sugar futures eased after initial gains from short covering and commission house buying as outside market strength waned. March fell to 2.85 and September to 2.91 with activity in 10,200 tons and bids quoted for January to September contracts. No. 3 settled steady with minor gains.
Chicago market roundup shows live poultry mostly steady with hens and turkeys varying by weight. Leghorn, Plymouth Rock and White Rock lines rise slightly while small birds and capons edge up. dressed turkeys also firm. Southwestern turkeys range from 11 2 to 19 cents per pound for young hens and toms.
Butter and eggs figures from Chicago on December 15 show butter at 7,934 steady with unchanged prices. Eggs at 6,132 unsettled with various car and local classifications ranging from 28 1/2 to 27 cents for fresh graded firsts and current receipts, plus refrigerator categories at 26 1/4 and 26 1/2 cents.
In San Francisco on December 15, negotiators for offshore ship operators and unlicensed seagoing unions pursue a settlement in the 47 day maritime strike. Key issue is control of hiring halls with unions pressing for worker selection rights and dispute resolution procedures. Assistant Labor Secretary McGrady cautions no settlement for at least 10 days as unions including sailors cooks and stewards seek concessions. Harry Bridges and Joseph Curran push renewed Philadelphia waterfront action with a Madison Square appearance planned in New York.
Bid deadline December 17 1936 4 pm at West Monroe State Bank in Receivership for 163 acres more or less in Ouachita Parish subject to Fourth District Court approval. Bank reserves right to reject bids. Also Ouachita National Bank stockholders meeting January 12 1987 at 3 pm Monroe Louisiana to elect directors discuss liquidation and extension of bank contracts and supervise liquidation and rights of stockholders.
Milton Corderdale Sheriff announces sale under writ of Fi Fa for People’s Homestead & Savings Association against Frank Massing. Sale at the Monroe courthouse front door on Saturday January 16 1937 between legal hours. Properties include multiple lots in Ouachita Cotton Mills Addition Lovers Lane addition Stubbs Place and Laytons Parks with specific street frontages and parcel descriptions. Sale is cash and in default of the mortgage and costs.
Motors Securities Co Inc lists a 1935 Ford Coach with new motor a 1933 Chevrolet Coach a 1930 Chevrolet Sedan and a 1934 Chevrolet Pickup for sale at 500 Walnut Street with contact phone 1553.
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