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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 20, 1933
Page
7
Cotton price activity varied with declines of 3 to 5 points on the day after early gains. March and May futures fluctuated between 9.95 and 10.14 as stocks and sterling influenced trading, with final declines and a steady close. Spot in New Orleans opened steady but closed down five points with total receipts at 3,691 and stock at 841,544.
New York reports a softer day with near month liquidation and local selling pressure. Active contracts fell early and closed barely steady to 3-12 points lower, with spot cotton quiet and middling price at 16.95.
Liverpool prices in London terms show American cotton trading firmer with quotes for strict good middling at 5.89, good middling 5.85, middling 5.24, and strict low middling 5.09. Futures closed quiet with December at 5.04, January 5.03, March 5.95, May 5.08, July 5.10, and October 5.13.
In New Orleans on December 20 prices for prime summer yellow and prime crude cottonseed oil held barely steady with several month futures listed. In New York futures ended easy with the market showing spot quotes unquoted and multiple months posted in the 3.95 to 4.38 per hundredweight range and 41 contracts traded.
Fluctuations in sugar futures were narrow and irregular with January liquidation dominating activity. Prices edged down under selling with January slipping from 112 to 111 and March from 117? to 1.16 as traders moved into later months. Futures closed steady to down modestly with 11,950 tons traded.
USDA notes mixed potato trading with 59 on track 231 and total U S shipments 473. Wisconsin round whites U S No 1 sell mainly 1 25 to 1 35 per cwt while Idaho Russets U S No 1 fetch 1 69 to 2 ? per cwt. Minnesota Red River and Ohio prices appear at 1 20 or higher amid moderate supplies and slow demand.
Chicago buyers reported steady movement for poultry on December 20 with live offerings: 2 cars and 58 trucks, leghorn hens at 7 1 2, spring chickens 10 1 2 to 12, colored birds 19 10 1 2, osters 6, turkeys 11 to 17, ducks 7 2 to 9, geese 10, and dressed turkeys unchanged.
Butter quotes ranged from 16 1 2 to 17 for extras and firsts with high 90s scores on creamery specials. Egg prices stood at 16 1 2 to 17 for fresh graded firsts as receipts remained unsettled.
In New York on December 20, a sharp selloff swept volatile issues down as much as nine points before buyers steadied the market. The session saw heavy transfers near 2.3 million shares and broad declines among leaders, with Union Bag & Paper among notable losers before partial recoveries.
Evangelist Rev. Virgil B. Starnes of Waco Texas, fresh from a revival at Immanuel Baptist West Monroe, will attend the Immanuel church prayer service Wednesday night before continuing home for the holidays. He previously conducted a revival at Calvary church Beaumont Texas.
New York stocks traded heavy with volatility and broad selling. Bonds and rails weakened, while the dollar rallied and foreign exchange remained firm. Cotton, wheat and sugar moved lower amid selling, with coffee steady on support. Chicago wheat fell, corn softened, cattle rose modestly, and hogs advanced to a top of 3.25.
Chicago grain prices opened 1 8 to 7 8 lower as the US crop report hinted bearish factors. Wheat remained near the initial limit while corn and oats eased modestly and provisions were mostly steady. Wheat closed 25 8 to 3 3 8 under yesterday, corn 1 7 8 to 2 5 8 down, oats 15 8 to 1 7 8 off, provisions unchanged.
Hogs 37,000 with 17,099 direct demand strong to 5 higher. pigs 2.00-2.50. sows 2.35-3.25. cattle 9,000 and calves 1,700 with steady slaughter demand. steers 550-1500 lbs 3.75-6.75. vealers 3.00-5.75. sheep 12,000 fat lambs opening slow but best offerings above 7.49. ewes 2.25-3.50.
The report lists buy and cable rates for major currencies and countries including Great Britain 5.09 dollars, France 6.07, Italy 8.16, Belgium 21.69, Germany 37.00, Holland 0.6220, Norway 25.60, Sweden 26.35, Denmark 22.75, Switzerland 29.95, Spain 12.70, Turkey not shown, Argentina 22.17, Brazil 0.50, Tokyo 39.87, Shanghai 33.50, Hongkong 37.28, Mexico City silver peso 28.00, and cross-entries for Montreal and New York exchanges.
Call money steady at 1 percent all day with time loans holding steady. Nine days at 1 to 11 4, 60 days 3 4 to 1, four to six months 1 1 2, prime commercial paper 11 4, bankers acceptances unchanged.
Ed M. Moore longtime Hutchinson News stockholder traveled with his wife to Monroe to stay in Tampa for winter. He noted Hutchinson’s size and agricultural ties, praised DeSiard street commerce, and said he would not return to the newspaper business but remains keenly interested in papers.
Delegates from Monroe’s parish and city school systems head to New Orleans for the Louisiana Teachers’ Association convention. Leaders include Ouachita parish high school principal Jack Hayes and Neville high school principal Charles E. Kenney with other educators. The event opens Thursday with H. E. Townsend addressing school issues, and finances discussions follow led by state leaders amid anticipated steps over financial troubles.
L. P. Landry president of Twin City Motor Co says the 1934 Buick showcases knee action front wheels new center steering control and vacuum power brakes making it exceptionally safe and comfortable. Local showing at 1700 South Grand Street to be announced. Dr Floran Dirmann of New Orleans slated as director of census supervisors by the Commerce Department after recommendation by Rep Fernandez.
In Ouachita Parish Fourth District Court succession of Anna F Dawson deceased No 3634 N F Dawson petitions court for letters of dative testamentary executorship in her estate The court is noted to require show cause within ten days why the petition should not be granted Judge J T Shell and D I Garret preside Deputy Clerk Leon H Pooser Monroe LA dates December 11 15 20 1933
In Ouachita Parish Fourth District Court Milton Duckworth Sheriff seizes property for sale December 30 1933 at Monroe courthouse. Lot 3 square 53 J M Breard addition Monroe will be sold cash no appraisal to satisfy writ of fi fe and costs. The Homer National Bank vs Monroe Auto Wrecking Company sale of Lots 1 and 2 square 10 Cotton Mill addition Gordon Avenue Forrest Avenue describes terms include cash with appraisal and mortgage terms.
Public sale notices list parcels from Monroe Building & Loan Association and Planters Bank & Trust Company in Ouachita Parish with dates November and December 1933. Also an administrator's sale of 22 parcels from the G. B. Haynes estate scheduled for December 20 1933 at the Ouachita Courthouse.
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