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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 18, 1934
Page
13
Cotton futures in New Orleans closed steady with modest gains despite an unsettled session as traders awaited Washington policy signals. March 12.56, May 12.58, October 12.40 with totals of 22 589 bales exported and spot prices firm at 12.12 to 13.22 for sample grades.
In New York today trade in cotton sees early 4 to 5 point gains on covering, then mid session easing. Dec falls to about 12.37 while March edges to 12.51, with futures closing steady. Spot middling remains 12.75.
Liverpool notes 8 100 bales of American cotton traded with spot prices three points lower. Quotations list American strict good mids 7.74 and good middling 7.09, with various other grades and futures closing steady or down slightly.
In New Orleans on December 18 cottonseed oil closed steady with Prime summer yellow at 9.65 to 9.80 and Prime crude 8.87 to 9.00 with forward quotes for December through July. In New York futures closed firm with spot unquoted, Dec 9.95B, Jan 10.08, Feb 9.98B, March 10.025, April 10.05B, May 10.12-10.13, June 10.12B. sales totaled 99 contracts including 44 switches.
Chicago on December 18 reports live poultry prices across trucks and firm markets. Hens and leghorns range from 10 to 13 1 2 cents, roosters 10, young toms 23, old 17. ducks and geese priced per pound with dressed turkey values for young toms 27 1 2, old 21, young hens 26 1 2, old 23.
A sleepy session on December 18 sees mixed activity with many leaders holding steady or dipping while some merchandising issues rise. Notable movers include Mc Crory Stores and J. C. Penney gaining modestly, with U S Smelting and Cerro de Pasco showing small declines amid cautious investor sentiment.
New York markets show mixed stocks and dull trading. Bonds uneven with U S governments improving. Curb irregular. industrials sag. Foreign exchanges firm as sterling rallies. Cotton quiet higher. sugar and coffee steady. Wheat firm in Chicago with corn and hogs about steady. hogs top at 6.30.
Chicago grain futures opened higher on light to moderate buying with May wheat around 99 5/8 cents and corn up to 87 7/8 cents. Provisions and hogs, cattle, and sheep markets were steady to firm with varied price ranges across weights and classes.
Foreign exchange irregular with Great Britain at 4.94 dollars evolving to 4.93 7-8 for 60 day bills. France 6.60 1-4. Italy 8.55. Demands listed for Belgium, Germany, Holland, Norway, Sweden, Denmark, Finland, Switzerland, Spain, Portugal, Greece, Poland, Czechoslovakia, Jugoslavia, Austria, Hungary, Rumania, Argentina, Brazil. Tokyo 28.88, Shanghai 34.36 1-2, Hongkong 42.50. Montreal and New York exchange rates noted.
The December sugar market rose to 2.02 amid short covering and Cuban buying after early declines. March and September contracts climbed to 1.79 and 1.90 respectively, with overall activity small as liquidation faded. Closing quotes showed minor gains with quiet trading at around these levels.
Public notices announce Sheriff Milton Coverdale offering at the western front door of the Monroe Court House on Saturday January 19 1935 seized property from People’s Homestead & Savings Association against W A Bailey and others. Descriptions cover Lots 12 13 Block 1 Old Trenton and Crescent Bend additions with detailed block locations and parcel lines.
Legal notices list the Ouachita National Bank annual stockholders meeting for January 9, 1935 at 10 am in Monroe Louisiana and a related 1936 meeting for considering reports and liquidating matters. Also listed is a mortgage sale in Monroe with property seized under a writ of fi fa including furniture and rugs to be offered at public sale December 29 1934.
Call money steady at 1 percent all day. Time loans unchanged with 60 days to 6 months at 3 4 to 1 percent. Prime commercial paper at 3 4 percent. Bankers acceptances unchanged. Rediscount rate at New York reserve bank 11 2 percent. Also contains a note on snake classifications Ovoviviparous snakes retain eggs and hatch live young.
Chicago markets report butter steady at 6 717 pounds with creamery specials 29 1 4 to 3 4 for extras 92 and 28 3 4 for 93 score. Firsts and standards range from 25 to 28 with various carloads and tubs. Eggs ease with extra firsts 26 to 27 and current receipts 23. no egg sales recorded.
USDA report notes 58 cents on track 260, US shipments 420, overall dull demand and liberal supplies. Wisconsin round whites US No 1 scarce with few sales while Idaho Russet US No 1 quoted at 1.52 to 1.55 per cwt and 1.25 for commercial grade. US No 2 late sales, one car, Monday.
Travel kits including brush comb mirror and other items offered in solid leather cases at 3.85 and 5.00 dollars. Advertises First Class Printing of all kinds by Monroe Printing Co and lists Jack Boyer contact at 4900.
Reward offered for a lost black and tan female dog with a crippled right front foot. Contact Mose E Perry at telephone 7611.
The article notes the belief that the monkey wrench was named after Moncke a London blacksmith but finds little evidence to substantiate this claim.
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