Cotton futures slip on weak demand in New Orleans market
Prices fall across the board as lack of speculative interest keeps sentiment soft. December drops to 11.43 with 16 points loss, March at 11.13, May near prior close at 11.09, and October at 10.58. Open interest and exports remain modest amid global uncertainty.
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New Orleans
Liverpool
Cotton prices fall on New York export selling
New York on December 16 reports foreign liquidation and scattered selling drive cotton lower. March futures drop to 11.06 with net declines around 16 to 9 points while futures close steady and spot remains quiet with middling around 11.65.
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New York
Liverpool Cotton Prices and Futures Decline in Steady Trade
Liverpool reports moderate business with price declines across grades. Quota ties and steadier demand observed. middling and lower categories quoted lower. Futures closed quiet with Dec to Oct prices ranging from 6.17 to 5.87.
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Liverpool Liverpool
Cottonseed oil futures drifted lower in New Orleans and New York
In New Orleans on December 16 prices for prime summer yellow and crude oils moved barely steady with December around 10.20B and January through July contracts near 10.15B to 10.18B. In New York bleachable cottonseed futures closed easy with December 10.55b and July 10.57, sales totaling 114 contracts including six switches.
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New Orleans
New York
Foreign Exchange Rates in New York Decline Mixed
Foreign exchange rates in New York show steady to varied values across currencies with Great Britain at about 4.92 dollars, France 6.61 francs, Italy 8.08 lire, and numerous other international rates including Belgium, Germany, Holland, and Japan. The list includes notes on cables, bills, and registered rates, with scattered cross rates between New York and Montreal.
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New York
Great Britain
Greast Britain
France
Italy
Agriculture aims for compact turkey breed
The U. S. Department of Agriculture pursues a smaller, more compact turkey variety. Wooden spoons are recommended as the best implement for stirring cooking foods.
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U. S. Department of Agriculture
Turkey
Stock market drifts lower as heaviness nips metals
River’s Daily reports a dull session with narrow trading and widespread declines in stock prices. Metals weakness weighed on the market while mining shares fell. several major issues edged up only marginally amid mixed bonds and softer foreign exchange. Shares of Chrysler, General Motors, Union Pacific, U S Steel, and others appear among notable movers.
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New York
Associated Press
Case
Evans Products
Chrysler
Westinghouse
Montgomery Ward
Douglas Aircraft
Public Service of New Jersey
Texas Corporation
Standard Oil of New Jersey
Union Pacific
Northern Pacific
Great Northern
U. S. Smelting
American Smelting
Cerro de Pasco
International Nickel
Howe Sound
Kennecott
Anaconda
Santa Fe
N. Y. Central
Southern Pacific
U. S. Steel
Bethlehem
U.S. Markets End Mixed Amid Soft Metals and Weaker Grain
New York stocks hurt by dull trading as metals retreat and bonds show uneven action. Foreign exchange softens with gold currencies slipping while sugars hold. Coffee advances. wheat declines in Chicago with Winnipeg showing down turns. Corn weak in sympathy. Cattle down modestly, hogs steady with top at 9.65.
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New York
Chicago
Winnipeg
Wheat Futures Rally Fades as Markets Open Higher
Chicago grain markets show an early upward tilt led by wheat on Liverpool rallies and European acceptance signals. May wheat opens around 99 99 1 2, closes mixed with a 3 4 to 1 1 2 decline. corn and oats slip slightly, while provisions fall 15 to 22 cents.
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Chicago
Liverpool
Livestock prices mixed as market opens with declines
Chicago market report shows hogs at 21 000 head with 8 500 direct, prices mostly 10 down from Friday. Cattle and calves 14 000 and 2 500 with grain fed steers scarce and mostly 25 lower. Sheep 13 000 opening weak with fat and feeding lambs 25 lower.
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Chicago
USDA
Sugar futures ease on December liquidation in New York
Sugar futures in New York declined early on December liquidation as 7 notices circulated and some selling by commission houses in later deliveries. Prices steadied later with futures No. 3 holding around unchanged to 1 point lower.
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New York
Poultry Prices Steady As Markets Report Mixed Weights
Chicago market roundup shows live poultry buyers steady with hens under 4 1 2 pounds at 18 to 19 cents, leghorn hens 15, Plymouth Rock springs 19 to 19 1 2, white ducks 19 to 20, colored ducks 18 1 2 to 19 1 2, geese 15 1 2 to 17, capons 6 to 7 pounds at 25. Dressed turkeys steady with young hens at 30 and old at 27, young toms at 18 pounds up to 28. No. 2 turkeys 23.
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Chicago
Plymouth Rock Springs
Butter And Eggs Market Summary Chicago December
Butter prices in Chicago steady with creamery specials at 33 1-2 to 34 for 93 score extras 32 to 32 1-4 for 90-91 firsts and 30 for 86-87 seconds. Eggs unsettled with current receipts 25 cents and fresh graded firsts at 27 cents. refrigerator extras 21. standards 32 1-2.
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Chicago
Call Money Rates Steady in New York Market
Call money steady at 3-4 percent all day with prime commercial paper at 3-4 percent. Time loans hold at 60 days 6 mos with 1 percent offered. Bankers acceptances unchanged as 30 days 3-16 to 1-8, 60-90 days 3-16 to 1-8, 4 mos 1-4 to 3-16, 9-6 mos 3-8 to 5-16. Rediscount rate at New York reserve bank 1.12 percent.
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New York
N. Y. Reserve Bank
Louisiana Ranks Fourth in Oil Production
Dr. J. A. Shaw of the Louisiana conservation department states Louisiana now ranks fourth among U S oil producers and will likely yield several million more barrels in 1936 with an estimated state daily output of 140000 barrels. New fields and wildcat drilling hint at a rosy year ahead as leases cover thousands of acres mainly in south Louisiana. The 28th well from the deep Rodessa field, United Gas Public Service Co J B Ardis No 1, in section 14 23 16, flowed 67 barrels from 6010 feet via 1/2 inch choke.
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New Orleans
Louisiana
J. A. Shaw
Louisiana Conservation Department
Mineral Division
Shaw
Agricultural Leaders of Mid-South Convene
MEMPHIS Tenn Dec 16 Mid south agricultural leaders gathered for a conference with Cully A Cobb director of the AAA cotton section to learn details of the 1936 cotton contracts Cobb, who spoke in Atlanta on Saturday, said unrestricted cotton production is a thing of the past and that even if the Bankhead cotton control act were repealed some control of production would be necessary Cobb planned a Dallas conference for Thursday and Friday with planters in that region.
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Memphis
Tenn
Cully A. Cobb
AAA
Barbara Downey Says Nine Tots Would Be Nice Family
Greenwich Connecticut December 16 Barbara Downey wife of Morton Downey former Barbara Bennett says nine children would be a nice family She speaks of her four children aged 5 3 1 and newborn and notes she quit acting to raise them The Downeys own a 49 acre farm with five dogs and 110 chickens including a three year old boy adopted by Connie Downey and two daughters for Joannie Bennett Markey
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Greenwich, Conn
Morton Downey
Barbara Bennett
Joan
Constance Bennett
Joanie
Constance
Michael
Richard Bennett
Mike
Sean Morton, Jr
ABC
Lorelle Ann
Downey
Anthony
Barbara Downey
Downeys
Gene Markey
Edgar Dorman Recaptured After Angola Escape
In Baton Rouge on December 16 the state bureau of identification reported the capture of Edgar Dorman, the last of three convicts who escaped from the Louisiana penitentiary more than a year ago.
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Baton Rouge, la
Louisiana Penitentiary
State Bureau of Identification
Edgar Dorman
Fugitives Nabbed in South. One Still Free
A member of a three man fugitive trio, arrested in Dalton Georgia, faces a kidnapping charge in Hazie Hurst Mississippi authorities. The bureau has not clarified the kidnapping details. Dorman, jailed July 17 1930 for robbery in Tangipahoa parish, escaped November 2 1934 with John Ingle later captured in Alexandria and M. J. Jones in Tangipahoa.
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Dalton
Haziehurst
Miss
Dorman
Tangipahoa Parish
John Ingle
Alexandria
M. J. Jones
Tangipahoa
Special Deputy Sheriff Killed in Tennessee Fight
Sheriff Charlie Lay of Hardin county investigates a fatal confrontation near Saltillo Tennessee. Jack Wood about 40 a special deputy sheriff was killed and Hugh Anderson 22 a former CCC boy was critically wounded with knife injuries. The fight occurred at a relative’s home during a dance with authorities still seeking a motive.
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Memphis
Tenn
Charlie Lay
Hardin County
Saltillo
Lay
Jack Wood
Hugh Anderson
CCC
North Carolina
Anderson
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