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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 17, 1932
Page
8
Moderate trading in the New Orleans market sees prices firming with gains of 6 to 11 points and a steady close. In New York there is gentle buying for foreign and domestic accounts with March futures advancing to roughly 6.15 and overall steady finish. Spot middling around 6.15.
New York reports a morning rise and a close 14 to 16 points higher as spinners, merchants, and Wall Street buyers push prices up. Demand from the south and New Orleans brokers supports gray goods and construction interest. rains sweep central and eastern belts with unsettled forecasts ahead.
Cottonseed oil closed steady in New York trading on December 17. Prime crude oil quoted around 2.25 to 2.62 per unit while prime solvent (dry) around 3.50, with various refinery grades near 3.93 to 4.05.
New Orleans reports closing market steady as prime summer yellow trades between 3.10 and 3.20. Prime crude ranges from 2.25 to 3.68 across months December through July with month to month shifts listed.
Liverpool on December 17 reports spot cotton in fair demand with gains of about two points. Quotations list American strict good middling to strict god ordinary, with specific values for each grade and nearby futures Dec through July trading around 5.00 to 5.07 pence per pound.
Butter and eggs market report from Chicago dated December 17 lists butter grades with prices ranging from extras to firsts and a 93 score for creamery specials. Egg offerings show a total of 3,428, steady prices with unsteady notes and varied lot sizes.
New York reports stocks steady with only narrow drift, bonds firm, and currencies steady as cotton advances and sugar remains quiet. Chicago notes wheat firm on improved cables and cold Southwest weather, corn steady with eastern demand, cattle dull, hogs steady to weak.
Chicago December grain notes show wheat closing firm with small gains, corn and oats mixed early then edging higher, and provisions rising modestly. Futures quotes list Dec May July contracts for wheat corn oats rye and barley with scattered price shifts and no trading in barley for certain months.
Louisiana vegetable supplies were scarce with few sales. Prices mostly steady as Florida snap beans sold 3.75 to 4.50 per bushel, Texas green peas 1.50 to 2.00, and Florida squash 2.25 per unit. Iceberg lettuce 2.50 per crate, cauliflower 1.40 to 1.65, and best California tomatoes 2.25 per lug.
USDA reports week ending prices in Chicago with cattle trading mostly lower for grain fed steers and yearlings, hogs steady to weak across weights, and sheep market showing modest gains for feeding and killing classes. Close ranges include steers around 6.50 to 7.00, hogs 2.75 to 3.35, and lambs 5.75 to 6.40 with regional variations.
New York December 17 foreign exchange markets show steady rates with Great Britain at 3.31 in dollars and 3.31 1-8 on cables. Other currencies listed include France 3.90 3-16, Italy 5.11 1-2, and a range of Belgian, German, Dutch, Nordic, Swiss, Spanish, Portuguese and Latin currencies with various bid and cable figures.
Chicago December 17 live poultry market steady with seven trucks. Hens 10 to 13 cents, Leghorn hens 9, colored springs 10, Rock Springs 19 1 2, roosters 8, turkeys 10 to 14, ducks 8 to 10, Leghorn chickens 8 1 2, broilers 12.
Wall Street shows little movement in a quiet week-end market with no trigger for rally. Coca Cola slips over 2 points as beer bill news shifts trading. Crown Cork and Seal and Owens Illinois Glass rise about a point. several rails weaken slightly. Walter Powell, Southern conference football official, excused from Atlanta jury duty to officiate in Mississippi.
Thirteen trucks collected garments yesterday in an old clothes drive across the Twin Cities. Items will be renovated and donated to the needy through three local civic groups. The operation included laundering and repairs by unemployed relief workers and targeted men’s clothing needs for additional collections next week.
Mangham Mrs. F. C. Sheppard attended the D A R meeting of the Fort Mire chapter in Monroe. Several residents and students from L S A are home for Christmas with families in Jonesville Oak Grove Rayville Sicily Island and Haughton.
The Cotton Trade Journal Inc of New Orleans filed an answer in civil district court to a $100,000 libel suit brought by the Staple Cooperative Association of Greenwood Mississippi. The Journal contends the allegedly libelous articles were written after full and complete investigation and supplied without malice toward anyone.
Reports show total U S shipments at 395 with Wisconsin round whites at 75 to 80 cents and Michigan Russets selling sparsely around 77 to 78 cents. Idaho Russets quoted 1.15 to 1.20 and fancy varieties at 1.25 with Colorado Mc Clures at 1.25.
Clara Bow declares the emotional scope of her Fox film Call Her Savage marks a break from flapper roles. The movie, adapted from Tiffany Thayer’s novel by Edwin Burke, is directed by John Francis Dillon and opens at the Paramount today. Buck Jones credits advancing tech with reshaping Westerns and supporting his film Hello Trouble at the Capitol. Joe Mills delivers Lincoln study in Two Fisted Justice at the Strand in West Monroe, with Tom Tyler in the Monogram action Western.
W I Neel the city engineer received a letter from C A Peterson of the Minneapolis Tribune stating a duck killed here in November by Fletcher Ashcraft and Louis Reutter was raised in 1932 at the Glendalough game farm Battle Lake Minnesota. Peterson said the farm raises 2000 to 3000 mallard ducks yearly and bands them plus eight pheasant varieties and turkeys. The letter noted the banded ducks are expected to return in spring and that one duck found bore the Glendalough farm name.
Active pallbearers for J. E. Griffin 44 local photographer include Cody Watkins Abe Blumenthal Bob Burns Paul Fink H E Roberts Poe Petagna J C Liner and J E Johnson Honorary pallbearers are Lions Club members and Monroe fire department Funeral service is Sunday at 2:30 PM with a prayer service at Davis Lawhead Funeral Home before the body is moved.
George W. Bennett a longtime Missouri Pacific passenger engineer on the Monroe to Little Rock line has retired at age 70 Born November 28 1862 in New Orleans he began his railroad service February 14 1891 and will remain in Little Rock as a resident after retirement of over forty years in the railroad field.
Passengers on a northbound street car were startled when a would be passenger smashed a window with a walking stick to attract the conductor. The incident occurred near Jackson street and Stone avenue. A nearby passenger, King Stubbs, sustained a minor cut from the shattered glass. The man claimed the blow was accidental and the conductor did not record his name.
Rev. L. T. Hastings will officiate with Rev. Thomas F. Jett assisting at the ceremony. Interment is planned for River View Burial Park.
In Buenos Aires on December 17, authorities sought a 30 day state of siege to avert a coup against President Augustin Justo. Veteran leaders Hipolito Yrigoyen and Marcelo Alvear were detained, radicals jailed, bombs found, and a naval vessel with hostage shipments dispatched as the plot unraveled.
A benefit program at the Paramount Theater begins at 11 10 tonight to aid the Good Fellows fund. Harry W Rice hosts and local talent performs with free services from KMLB staff and others. Richard Arlen and Mary Brian star in Touchdown, with Mrs Rice’s dance school and a vocal dance chorus plus a rube chorus and tap numbers.
New Orleans December 17 A Jefferson parish grand jury indicted Salvador T Cristina former president of the board of commissioners of the fourth Jefferson drainage district for grand larceny in 1928 of a well rig valued at 1900 dollars. The rig was allegedly the district property and the jury also recommended removal of Cristina from the district board membership.
Due to bad weather and heating issues in the I Baer building the outgoing parcel post department could not be moved from the post office during the Christmas rush. Postmaster A A Thoman postponed the move to Monday and windows stay open until 6 pm. Don Zimmerman Tulane star halfback also plays the trumpet.
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