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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 16, 1936
Page
9
New Orleans reports December cotton position closed at 12.49 amid a market maneuver supported by Tul lis, Craig & Co. with potential gains of about 5 dollars per bale in a month. March and May show minor shifts, next year's crop plans gain attention, exports reach 14,418 bales while spot cotton closes quiet up 3 points.
New York cotton in mid December shows renewed outside buying but demand stays tepid. March futures rose to 12.40 before slipping to about 12.32 with overall prices steady to slightly lower. Spot middling grade reported at 12.92 with mixed futures activity and hedging.
Liverpool reports 10,000 bales traded with 4,800 American under limited demand. Spot prices fall four points across grades with American good middling at 17.76 and various middling to low middling levels quoted. Futures end steady with Dec 6.75, Jan 6.73, March 6.73, May 6.71, July 6.66, Oct 6.42.
In New Orleans on December 16 cottonseed oil closed steady with bleachable prime summer yellow at 11.05 25 and prime crude at 9.75 10.00. Prices for futures in New York also closed steady with January 11.27b and May 11.45 11.47, amid 207 contracts sold.
New York sugar futures eased under liberal outside-market offerings after early gains. March slid from 2.85 to 2.84, May from 2.88 to 2.87, with futures No. 3 barely steady and 9,850 tons sold. Prices listed: Jan 2.86, Mar 2.83, May 2.85, Jul 2.88, Sep 2.89.
Butter prices at Chicago steady with firm 7 595 for the week. Egg values show 4 166 with extras and local car lots 281 2. Fresh graded firsts cars and local 28, current receipts 27, refrigerator extras 271 4, and refrigerator standards 27.
New York trading opens with irregular stocks and lagging leaders while bonds vary and treasury loans dip. Currency edges higher for sterling and francs as cotton, sugar, coffee move with liquidation and hedge selling. Chicago grains firm with rye bulge. corn unsure. Cattle rise up to 25, hogs gain to 10.15.
Chicago wheat futures opened lower and fell further before closing mixed with grains holding near initial limits. Corn and oats moved modestly, while provisions and livestock futures showed slight gains and losses in the session.
Hogs at Chicago market 24 000 head with 8 000 direct, steady to 15 cents higher on average. Calves and yearlings gainable, best yearling steers at 12 75 per cwt for prime 985 lb offerings. big steers 10 75. Sheep and lambs open slow with undertone weak to 25 lower, good lambs around 8 50 75, native sheep 3 50 4 50.
Chicago market report lists live poultry prices by weight and type including hens roosters and turkeys with mixed changes. Dressed turkeys remain steady with minor gains for young hens and old toms as market quotes show.
Potatoes in Chicago on December 16 show U S shipments 690 with light supplies and slow demand. Idaho Russet Burbanks sell at U S No 1 2 45 2 75 and No 2 1 90 2 00 with few cuts. Colorado red McClures 2 45 2 55. Wisconsin round whites 2 00. Minnesota cobblers 1 921 2
A meeting of the agricultural committee of the Louisiana Bankers association will be held at the Virginia hotel next Friday evening December 18. Dan Otis of St Louis MO director of the agricultural division of the American Bankers association will discuss farmers issues for the area. Norris Williamson president of the American Cotton Cooperative association will also attend with representative farmers from north Louisiana.
A local report said Monroe police were asked to locate Mrs R E Truly for a friend. A resident told authorities she was living in Shreveport and employed as secretary to Judge Barnette in the juvenile court there. Mrs Truly resided in Monroe about 1929 or 1930.
New York trading ends with a mostly flat board as oils and select utilities rally briefly while leaders hold or fall back. Transfers run around two million shares amid year end adjustments and tax selling, with bonds uneven and grains and cotton mixed.
For sale pecans available in whole or shelled form. Contact M. Robert Fennell at phone 2327 today for details and pricing.
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