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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 20, 1913
Page
3
The Markets for Saturday December 20 1913 report sales in New Orleans with 1159 bales traded. Prices show a quiet market with cotton values listed as High Low and Close figures for several grades including Verovske and Robes.
New York stocks closed on a quiet Saturday with modest activity. The report notes modest gains in select issues while overall sentiment stayed wary as investors digested scattered data and year end positioning.
Liverpool records show seven thousand sales across February and March with values fluctuating from 6.78 to 6.81 and extended into 6.84 in early April. The data notes six occasions with 80 to 6.84 during the period.
The Census Bureau reports 12 924 000 bales ginned by Dec 13, above private forecasts and higher than last year, triggering a price drop. Analysts note 98 percent ginned per National Ginners Association estimate, with cautious optimism over seasonal supply as demand softens.
In a cautious view B D Windes argues the season may yield about 14 575 000 bales with linters, noting government ginnings for Georgia, Arkansas and Louisiana and panicking over possible exhaustion if the next report shows a crop near 14 009 960. He warns planting conditions could alter this balance.
Harman notes December market tone for wheat and corn from Chicago with Winnipeg showing stronger spring wheat prices as receipts fall versus prior week and year. He describes a healthier market after yesterday’s cleanup among holders and maintains bullish conditions despite a brief recession.
The session near its end showed December weaker than May due to slack shipping inquiry and lower cash values. West of the river prices indicate old contracts are filled and new contracts are scarce. Southern markets show relatively better demand. costs were absorbed by commission houses and cash values improved. Mr. EF Walsh returns from New Mexico.
Fire destroyed several Monroe houses though firefighters arrived promptly. The blaze spread due to wood shingles and tar paper roofs. Oak land and Hrachy Tinshop at 112 North Third Street offers fire proof tin roofs.
Dry hickory, sveve wood, oak and pine heater logs offered at 4 dollars per cord with a five cord limit per customer. Orders to be placed early by phone. Special church services tomorrow at M P Church corner Third Street and Stone Avenue. Morning 11 a.m. Evening 7 39 p.m. Sermon topics include Holiness of God and Life and Character of Judas Iscariot. Public invited.
Shreveport and Monroe LA feature a hedge business as a specialty. The firm also handles grains and stocks with correspondent services across markets.
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