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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 18, 1940
Page
11
New Orleans on December 18 reports cotton futures giving back early gains with hedging and securities softness. Futures closed steady to one point lower with quotes around 10.08 to 10.25 and technicals noted. Spot cotton also closed steady one point lower with sales of 1,129 and prices for low middling to good middling ranges. Receipts reached 1,772 and stock stood at 532,161.
New York cotton futures gained on spot house buying and trade demand with some support from purchases tied to sales to Russia. Late prices rose about 2 points with March at 10.18, July 9.91, and Oct 9.37, while several contracts closed lower.
Liverpool reports 41 spot cotton steady with two point gains across grades. Quotations show American good middling 9.06, middling 4.40, strict low middling 5.25, with futures closing 1 to 2 points higher: March 7.89, May 7.42, July 1.77, Oct 7.68.
In New Orleans on December 18 the cottonseed oil market showed steady prices with bleached prime summer yellow and crude grades quoted at 5.60 and 5.46 respectively. In New York on December 14 futures closed 4-7 higher with contracts for January and May around 5.42 to 5.91 and July near 5.98.
Interest improves in world sugar futures as optimism grows over a possible U S loan to Cuba. March and May futures advance while raws and refined trade mix show modest activity and steady quotes. Sales volumes and contract prices listed for No 3 and No 4 futures reflect a cautious yet firmer market.
Chicago market notes December 18 show arrivals 172, on track 371, total U S shipments 438 with liberal supplies. Demand for best stock Nebraska Triumphs moderate, market firm. Idaho Russet Burbanks and Red McClures listed with U S 1 prices. Nebraska Bliss Triumphs at 175.0 with regional demand varying and values partial.
Chicago buyers report live poultry prices steady to firm on 1 car shipments. Market shows 4 and 1/2 pound cucks and white birds up slightly while colored and mixed lots hold, with additional weights and grades under price adjustments.
In 1939 motor vehicle registrations reached 90 170 000 in the United States. The figure indicates an automobile for about one person in every four nationwide.
New York stocks ease with early gains in steels and bonds holding. Cotton improves amid spot and trade support. sugar rises on trade and speculation. Copper prices stiffen, wool mixed with local selling. Chicago wheat steady on December short covering. corn firm with fewer receipts. Cattle steady with better grade steers. hogs down ten.
The New York market softened after an initial upturn as steels and motors faded, with year end selling and expected tax hikes cited. Investors focused on Washington defense measures and aid to Britain, while many leaders like Bethlehem and U S Steel showed mixed moves amid a broad list of names.
Wheat futures rise in early Chicago trading with corn and oats also firm. Buying comes from processors and commercial interests. December and May contracts show modest gains with wheat near the day’s high.
Secretary Ickes charged that Axis plans aim to cripple the United States through sabotage and propaganda and to sow distrust with Latin America. He named Lindbergh and Merwin Hart as appeasers and warned of threats to the Panama Canal and U S shipyards and arsenals.
The Ouachita Parish High School Lion from Monroe issues a six page Christmas edition with school news features and sports plus ads. The front shows Christmas Fiesta royalty, a "The Jungle" column by Elizabeth Humble and Doris Jasper, and news of the glee club performing for the annual Christmas program at Louisiana Training Institute. Printed by Monroe Printing Company.
A girl was born to Mr and Mrs C J Thompson Monroe A boy was born to Mr and Mrs Henry Loeb Monroe A boy was born to Mr and Mrs H Grayson West Monroe A boy was born to Mr and Mrs L B Smith Winnsboro Road Monroe
A mine explosion in Raleigh Coal and Coke No 4 mine beneath Beckley killed seven workers and injured five, with 12 escaping. Investigators planned Thursday probes and area mines to close Wednesday. origin unclear though gas or coal dust is suspected.
The regular annual meeting of stockholders of The Ouachita National Bank of Monroe will be held January 14, 1941 at two o'clock in the Directors Room to elect a Board of Directors for the ensuing year and to consider the Liquidating Committee's report and actions. Stockholders may address the extension or termination of the 1933 bank agreement and any final settlement methods, and conduct other bank affairs including liquidation supervision. Co. OLIVER Vice-President and Cashier Monroe La. Dec 4 11 18 26 1940.
Notice of the regular annual meeting of stockholders of The Ouachita National Bank in Monroe Louisiana on January 14 1941 at ten oclock am in the Directors Room to elect a Board of Directors for the ensuing year and transact other business. W C Oliver Monroe La Dec 4 11 18 26 1940 Succession of J N Hood Deceased No 4262 Probate Docket Ouachita Parish Fourth District Court. Notices given that Drew Kennedy administrator seeks authority to sell at private sale for not less than 785 52 dollars with cash 315 dollars and balance 470 52 to be paid with a mortgage assumption on property in Ouachita Parish described as SW4 of NE4 and NW4 of SE4 Section 32 Township 17 North Range East etc. Oppositions due within ten days from last publication Witnesses J T Sheil and David I Garrett Judges. E O Williams Deputy Clerk. Monroe News Star Nov 27 Dec 4 3 6 27 1940
Chicago market notes show butter receipts at 436,524 with weakness in creamery 93 score range from 35 1 2 down to 32 1 2. Centralized carrots listed at 34. Eggs receipts 3,060 with fresh graded extra firsts at 26 and other grades down to 19 1 2 for refrigerator checks and 21 3 4 for refrigerator standards.
Transfers show O W Shackelford and Mrs Josephine Shackelford selling lot 20 in Bubb's re subdivision to Mrs Harriet Patton Salley for 200 dollars. LF Wallace sells west 63 acres of lot 5 in Heard and Wallace subdivision north of Arkansas road for 25 dollars. A 1918 note mentions England's war debt at 35 million dollars.
The Freeport Sulphur Company, operating mines at Port Sulphur Louisiana and Freeport Texas, will grant a five percent wage rise effective January 1. Langbourne M. Williams Jr. announces the minimum wage will rise to 71 cents per hour and the average hourly wage to 91 cents. Also note England faces an estimated annual loss from rabbits and rats of 506 million dollars.
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