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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 19, 1932
Page
8
Trading in cotton futures remained quiet with a soft tone as December to May contracts fluctuated around 6.05 to 6.27. Early gains faded after a private ginning estimate suggested 557000 bales, sending prices down before late-day cover and steadier tones emerged. Exports reached 26473 bales.
Early advances faded as southern selling and profit taking emerged. December and January contracts edged lower while March and May held around a steady range with prices near previous closes. Overall, cotton futures closed easy with most months down several points from morning highs.
Chicago livestock markets report 45 000 head with pork and cattle ranges. Pigs 2.65 to 3.30 with top sows 2.60 to 3.10. cattle steady to higher with vealers slow. yearlings and light steers firm to 5.00 7.00 for 600 900 lb cattle. sheep and lambs mixed with lambs 5.75 6.00 and lighter weights 1.50 2.75 through packers.
New York December 19 reports steady foreign exchanges with Great Britain at 3.315 dollars and 3.316 cables, France 3.905 16, Italy 5.125 cables 5.12, Belgium 13.841 4, Germany 23.795 2, Holland 40.16, Norway 19.09 2, Sweden 18.09 2, Denmark 17.19 2, Switzerland 19.24 2, Spain 8.15, Portugal 3.04, Poland 11.18, Czechoslovakia 2.961 4, Yugoslavia 1.36, Austria 14.00, Rumania .593 4, Brazil 7.57, Tokyo 1.2, Shanghai 23.00 and Mexico City silver peso 33.05.
Liverpool market update records cotton bale imports including 25 700 American and spot prices rising four points. Quoted values include American strict middling 6.02, good middling strict middling 5.47, middling 5.32, and other grades. Futures show minimal movement with Jan at 5.02, Mar 5.05, May 5.01, Jul 5.08, Oct 5.10.
Chicago December 19. USDA reports indicate moderate supply with active trading and 488 cars Sunday 54 cars Saturday 156. Notable regional prices include Wisconsin round whites 75 to 80 cents, Michigan russet rurals 71 and a half, colored McClures 125 to 130, Idaho russets best 120 with some at 1.25 and 1.10 to 1.15 reflecting slight freezing injury.
Chicago wheat opened a shade to 3-8 higher as traders anticipated a government crop report tomorrow showing decreased acreage and weak winter wheat condition. Corn started unchanged to 3-8 up and then fluctuated through the morning.
Louisiana wholesale prices show sharp gains across multiple produce lines due to light supplies. Best eggplant peppers artichokes and tomatoes higher while beets carrots parsley spinach cabbage tomatoes lettuce and other items show varied or modest moves.
Cottonseed oil markets held steady in New Orleans and easy in New York. In New Orleans prime summer yellow traded around 3.10 to 3.20 with crude bids 2.25 to 2.62. deferred months ranged up to 3.66 for July. In New York prices showed prime summer yellow near 3.45 and crude close 2.25 to 2.62 with various erratic annotations and reported contract activity totaling 13.
Chicago market notes show butter trading unsettled with 12 017 pounds, creamery specials at 93 score, various grades from 92 to 88 1 4, and widespread movement among firsts and seconds. Eggs listed at 2643 dozen, with unsettled pricing for extra firsts and fresh graded firsts and current receipts.
Poultry market data from Chicago on December 19 lists live stock and hen prices across categories. Hens, Leghorn hens, roosters, colored springs, and Rock Springs figures are shown with ranges including young and old toms, ducks, geese, and broilers in steady trade.
New York December 19 call money remains steady at 1 percent with time loans showing slight shifts. 60 to 90 day credits at 1 to 2 percent, 4 month notes at 3 to 4 percent, and 5 to 6 month terms at 1 percent. Prime commercial paper quoted at 11-4 percent. Bankers acceptances unchanged across terms from 30 to 90 days and beyond to 5-6 months with varied ranges.
Sugar futures were quiet in New York today with a steady undertone. Late market buy orders were about one point above the previous close on most active positions.
Hickley Sil reports John Schmidt and his wife marked sixty three years of marriage with a quiet celebration. They say years of farm work left little time for quarrels and ensured harmony in their life together.
New York stocks drifted higher only cautiously with little sustain and many shares then giving back gains. Traders eyed a year end rally but lacked a solid catalyst as oil and steel issues showed modest firming amid overall sluggish activity and professional trading.
Ruston La Dec 19 A six room residence belonging to Mrs Pauline Givens deputy district court clerk and occupied by Fred Nevin was practically destroyed by fire of unknown origin Nevin was away in Monroe when the fire occurred but returned after a telephone message The house was valued at 5000 dollars and some insurance covered both the house and furnishings though the exact amount could not be ascertained.
White House and State Department offered no information on reports of an agreement with Great Britain for a joint examination of war debts. Dispatches from London suggested such an accord, but no confirmation was given.
Paris reports that the French cabinet may support forming a mixed international commission of experts to study France debts in an effort to avoid delay. The plan, discussed at a cabinet meeting led by Premier Paul Boncour, mirrors Basel reparations experts in intent.
Dr. Henry Daspit long prominent in nervous diseases and head of New Orleans hospital for mental cases died at his home from influenza at age 48. Funeral set for Wednesday at 3 p.m. He authored medical work and served as consultant for multiple hospitals. He was Tulane trained and member of several clubs. Survived by two brothers, a sister, and his mother.
Only 12 days remain to pay 1932 poll taxes with 785 of 10 000 expected payments completed. A two column notice in the News-Star shows the mailed payment method to ease sheriff's office load. In person payments are urged before the deadline. Property tax collection also showed strong progress with 222 payments in five days, 108 from Monroe residents and 114 from West Monroe and rural areas.
In Baton Rouge on December 19 national commander Louis A. Johnson urged preservation of the government hospitalization plan for disabled veterans, warning that its curtailment would harm rehabilitation and raise local taxes. Other speakers included state commanders and auxiliary leaders.
Dr J B Rolater aged 71 native of Cherokee County Alabama and former physician in Texas and Oklahoma City died at his Cave Springs Georgia home yesterday after a long illness.
A rash of weekend deaths spans several Southern states. Causes include auto wrecks, train collisions, exposure, and a boiler explosion. Named victims include Jack Gregory in North Wilkesboro, Cramerton and Sylvester collision victims, Katherine Collins in Ensley, and others in Louisiana, Alabama, Mississippi, Virginia, Kentucky, South Carolina, and Florida.
The L. B. Faulk post of the American Legion will meet tonight at the Legion home. Key business includes the report from the commanders and adjutants conference. Members are urged to attend promptly at 8 o clock.
Funeral services for Severn E. Lester, 72, at 2 pm at his 111 Haynes street home with Rev. L T Hastings. Interment in Hasley cemetery. Survivors include Georgia, Walter, and Ernest Lester. L V Harper, 75, Swartz, died Sunday. funeral at Forest cemetery at 2:30 pm. Infant son of C C Reneau dies shortly after birth. interment in Lock Arbor cemetery.
Mrs. S Cryery, 75, died yesterday at her daughter’s home, Mrs. Fred Nugent, 1001 Wood Street. The funeral was held at Peters Funeral Chapel this morning with Rev L T Hastings of the First Baptist Church officiating, interment in the city cemetery.
Four people perished when a log house at Glouster north of Athens burned early today. The victims were Mr and Mrs Rolland Matthews both 23 and their two children Gerald 5 and Junior 3.
Police hunt three unidentified white men accused of robbing Eugene Leonetti a fruit stand employee of 105 dollars on North Town and Cleveland avenue as he walked home. Also notices an application for letters of administration in the succession of Leon Frost, Ouachita Parish.
Sheriff Milton Coverdale to sell Lot 3, Block 1, 8 Vicks subdivision in Ouachita Parish at the courthouse door in Monroe Louisiana on January 11 1933 between legal hours. Property seized under writ of fi fa to satisfy costs. Terms cash no appraisal.
The People's Homestead & Savings Association forecloses on Lot 1, Square 11, Ouachita Cotton Mills First Addition, Monroe, Louisiana. Sale to be held at the court house steps on Saturday January 14 1933 with cash terms to the highest bidder.
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