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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 22, 1932
Page
9
New Orleans markets report slight activity with futures sliding through the day on weaker stocks and wheat. January to May contracts fall about 18 to 22 points from earlier highs, closing near the day’s lows with modest recoveries near noon fading in the afternoon. Exports total 36,437 bales as December 1932 options expire.
New York cotton trading shows moderate declines amid pre-holiday liquidation and southern selling. Offerings are absorbed by trade buying and covering with March around 5.84, spot middling 5.85, futures barely steady but 16-19 points lower.
New York December 22 foreign exchange markets hold steady with British pound at 3.33 3-8 dollars, cables 3.33 1-2, 60 day bills 3.32 1-8. Other currencies quoted include France 3.90 1-4, Italy 3.11 1-2, Belgium 13.85 1-2, Germany 23.80 1-2, Norway 17.22 1-2, Sweden 18.22 1-2, Denmark 17.32 1-2, Argentina 25.79, Brazil 7.57, Tokyo 21.37 1-2, Shanghai 27.50, Montreal 86.75, Mexico City 32.45.
In New York on December 22 cottonseed oil closed steady with Prime summer yellow at 3.50 and Prime crude 2.37 to 2.62 1 2. Prices show scattered figures across months with reports of 19 contracts sold.
Cotton shipments totaling 1 000 bases with 300 American Spot sold in fair demand. Quotations in peace show American strict good middling at 5.85 and low middling at 4.85. Futures closed quiet with December to October prices listed.
Chicago on December 22 reports live poultry prices across classes with 1 car and 39 trucks noted. Hens range 10 to 12 cents, Leghorn hens 8.5, colored springs 9.5, Rock springs 10, roosters 7.5, turkeys 10 to 13.5, ducks 8 to 11, geese 9, Leghorn chickens 8, and broilers 12 cents.
Potatoes in Chicago on December 22 show 56 cent prices, track 151, U S total 654, supplies about steady and trading moderate with prices unchanged.
In New York stocks plot a heavy, dull session while bonds hold or firm and secondary issues falter. Curb and foreign exchanges show varied moves as cotton, sugar, coffee ease. December liquidation weighs on grain with weak wheat and unsettled corn. Cattle and hogs trade unevenly.
Chicago grain prices moved downward early today with wheat futures stalling after surprise Liver pool gains. Corn opened slightly lower and then eased, while other grains showed a broad decline amid unsettled trading.
New Orleans market notes steady fruit and vegetable values. Florida strawberries light supply. Louisiana oranges and navels firm. mandarins, lemons, grapes, beets, carrots, greens, onions, garlic, lettuce, tomatoes, cauliflower, okra, cucumbers, artichokes and more quoted with varying per unit or per crate prices across regional suppliers.
Chicago market roundup shows hogs 22 000 head with 10 000 direct sales and a top at 3.20 per pound. Pigs and sows vary, cattle and calves reach mixed levels and vealers stay firm. sheep remain strong to higher with early top paid by city butchers.
Sugar futures closed mixed with losses of 1 to 2 points on the day while some gains occurred on late covering. Activity included sales of 15 950 tons and price quotes across December to October contracts with bids and nominal values noted.
In Chicago on December 22 the batter market shows 915 weak score creamery specials at 22 1-2 to 23 with 93 score, extras 22, firsts 20 to 21 1-2, and standards 21 1-2. Eggs total 3 698 with weak market and current receipts 24 for refrigerator firsts 23 1-2.
New York trading ends with Rails tumbling and broader losses across the list. Major issues fall 1 to 4 points while turnover hits about 1.3 million shares in the heaviest month activity. The market closes weak as thin buying and possible professional selling weigh on rail equities.
In Tallulah Louisiana a joint installation at the Masonic temple saw Dr G W Gaines install the Eastern Star officers and Rev W H Giles install the Masons. Speakers included Rev L A Materne and G W Lee with officers named for both orders.
A Birmingham report by the Alabama commission warns of sinister alien influences sowing discord between whites and negroes. The subcommittee cites subversive literature and moneyed propaganda guiding supposed revolutionaries, amid a Tallassee gunfight and ensuing arrests and deaths.
In a tense scene from a serialized drama, Adele Garrison’s characters contend with three criminals as agents from a government secret service guard a helpless figure. Ronald fears killing Owen while Marion consoles him and pleads for keeping Carolyn unaware of suspicions about Samuel Brix ton.
The Fifth Circuit in New Orleans overruled the Texas case of John Hunter who bought a gallon of liquor for a prohibition informer claiming mercy. The court found possible judge bias in the trial and stressed the need for impartiality over conviction. Hunter faced a year in jail after federal conviction in the Eastern District of Texas.
A Christmas event at Ouachita High School auditorium featured a large tree with gifts for the poor, canned goods and clothing, and a school gift check to the Salvation Army. The Glee Club, student body, and Dickens scenes with actors led by Mary Constance Bateman performed, and Juliette Daimwood and Capt. W L Workman of the Salvation Army spoke. An entire truckload of groceries and supplies was delivered to Salvation Army offices after the program.
The life story of George Williams, a black man arrested recently and serving six months in parish jail, unfolds after a fingerprint report from the U S bureau of identification. Williams, alias Benjamin Armstead and Luther Washington, has a long shoplifting record dating to 1915 with arrests in Evansville Des Moines Kansas City Wichita Little Rock Pine Bluff. Police Superintendent L V Tarver notes shoplifting as his enduring weakness and that criminals often stick to their pattern.
Call money steady at 1 percent for the day. Time loans unchanged with 60-90 days at 1-2 percent, 4 months at 3-4 percent, and 5-6 months at 1 percent. Prime commercial paper quoted at 11-4 percent. Bankers' acceptances unchanged.
In Tallulah Louisiana on December 22 the Woman's Missionary Union of the Baptist church announced its elected officers including Mrs. R. S. Gayle as president and Mrs. J. L. Davis as secretary treasurer. Others selected cover vice presidents, publicity, mission study, personal service, stewardship, socials, and white cross.
In New Orleans on December 22, James Arthur Russell aged 29 and Robert Leo Mitchell aged 27 were convicted by criminal district court of assault and robbery linked to an Algiers Hibernia Bank and Trust Co. holdup on September 9. They face penitentiary terms of nine to fourteen years and the jury awarded about $2,606 stolen from the bank.
George Bernard Shaw said a world cruise would bring a United States visit and planned a stop at San Francisco for private engagements. He declined autograph requests and avoided reporters, posing for photos near Pompeii with comments about writing and Hollywood.
Good Fellows fund aided by annual program as Armandine Renaud school of dance students presented a fantasy at Neville high school auditorium. Inclement weather reduced attendance but viewers enjoyed the evening and proceeds benefited the Good Fellows fund.
Judge J T Shell sentenced Dallas White 30 to two years in parish jail with road duty after a guilty plea to forgery. Rufus Webb, a Negro, pleaded guilty to larceny and drew three months in parish jail.
The Ouachita Parish Police Jury adopts Ordinance No 2038 setting a 1933 budget. It lists salaries, court and jail costs, maintenance, health, libraries, taxes, and revenues totaling 897 618.66 from parish tax mills and 168 141.06 from other sources with a November 9 1933 adoption in Monroe Louisiana.
The Ouachita Parish Fourth Judicial District Court announces a sheriff sale of Lot 24 in Parlor City Industrial Subdivision block 27 Terminal Heights Addn. Monroe Louisiana. Sale conducted January 7 1933 at the courthouse front door between the hours of sale. Cash with appraisal, bidder pays remaining mortgage balance and costs.
Biedenharn Realty Company versus Mo 21-536 involves a levy on Lot 25 in Parlor City 27 Terminal Heights Addition. The sale takes place at the western front door of the Monroe Court House with bidding to satisfy a writ of appraisement and the mortgage terms.
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