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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 22, 1937
Page
12
New Orleans cotton prices fall 25 to 50 cents per bale amid light demand and selling pressure from pre ginning expectations. January through October futures decline 3 to 7 points, with exports totaling 22,156 bales and spot cotton closing 7 points higher at 7.09 low middling, 8.59 middling, and 6.14 good middling.
New York reports mixed cotton futures as recent gains attract profit taking by southern and foreign sellers. March dipped to 8.31, then rose to around 8.35 in afternoon trading. Prices varied with most futures finishing a few cents down from open.
Liverpool reports a drop in cotton prices with demand considered slack. Quotations show strict good middling at 5.66 pence and lower grades down to good ordinary at 3. Tyres closed quiet with near-term futures Dec 4.70 and Mar 4.76.
Butter prices in Chicago on December 22 show weak to mixed levels for various grades. Creamery specials range from 3 1 2 to 35 with extras at 34 and 32 to 29 for lower grades. Firsts fetch 1 2 to 11 2, seconds 1 2 to 30, standards around 3 23 4, while eyes steady at 3 705 with local extra firsts at 25 and other grades unchanged.
New York reports a broad market slip with a failed rally. U S loans ease while the curb market moves mixed. Aluminum rises sharply and cotton declines on hedge selling. Sugar and coffee show mixed to stable activity. Chicago wheat and Argentine prices fall, corn weak with full export demand. Cattle and hogs mixed with hogs rising 25 to 35 points.
A half hearted rally faded as tax selling and profit taking pulled down steel, aircraft, and motor issues. Brokers noted dip buying and short covering later, with mixed moves in rails and oils. November payrolls fell 10.8 percent and employment dropped 5.8 percent, dimming sentiment.
Wheat prices eased in early trading as Liverpool quotes softened. Australian wheat offers kept supplies cheap, with ChicagoMay at 92 92 3 8 and July 86 86 1 4 before settling lower. Corn and oats followed with declines, May and July futures shifting broadly, ending near 1 2 to 11 8 cents lower for wheat and 5 8 to 14 8 cents down for corn.
Cottonseed oil closed steady in New Orleans with values: bleachable prime summer yellow 7.00, crude 5.75 to 6.00, Dec 6.70b, Jan 6.746, March 6.79b, May 6.80b, July 6.85b, Sept 6.85, Oct 6.87. Bleachable cottonseed futures in New York closed 1 to 3 lower on 77 contracts: Jan 7.20b, March 7.21b, May 7.24, July 7.27b.
Three young Labadieville girls from St Philomene's Convent were treated at Charity hospital for advanced spinal meningitis. Lorraine Traigue 11 Joyce Daze 8 and Joan DeLaune 10 fell ill Monday night and were hospitalized.
Chicago market report lists live poultry with one car and 53 trucks. Hens steady, balances firm. turkeys and young ducks priced with colored birds at 20 to 22, weights specified 2 1 2 lbs up, ducks 4 3 2 lbs, others unchanged.
Mississippi State basketball coach Frank Carideo faces a bleak season after losing three stars and relying on untested players. Potential leaders include Ray Moore Milton Steel and Ray McMahon with veterans Oren Pittman and Bernie Ward in the defensive unit. Schedule runs through March with key SEC foes and the conference meet in Baton Rouge.
New York report on Ralph Greenleaf defeating Irving Crane in Philadelphia and ongoing head to head tests on Broadway. Crane, 24, from Livonia, N Y, eyes law to cue as Greenleaf dominates and draws praise from rival and observers alike.
Don Budge the world’s top amateur tennis player may join the professional ranks next year if his parents convince him after a conference upon his return from touring Australia. A shoulder injury from a recent car crash underscores the move’s timing as financial prospects loom.
Louisiana State coach Bernie Moore expressed mild satisfaction with the Tigers after their first Sugar Bowl scrimmage. The session featured the Bengal offense against third stringers as Moore plans harder workouts and tapering before the New Orleans showdown with the Broncos. Larry King was listed as returning to practice after an ear injury.
Dallas reports that Sammy Baugh will attend the Cotton Bowl on New Year’s Day as guest of President Curtis Sanford. He gained fame in the first Cotton Bowl and says he wouldn’t miss the game. About 55 members of this year’s TCU squad will also be guests.
Charley Bachman and 41 Michigan State players paused in Atlanta Tuesday night on the way to the Orange Bowl in Miami to face Auburn. Bachman praised his squad and noted the team’s strength as they prepared for the bowl game.
Frederick W Rubien announced sixty three candidates for ten delegate at large spots for the American Olympic Association. The list includes Judge Jeremiah T Mahoney and college officials from Harvard Yale Stanford Cornell Penn State and more. Delegates will be chosen at the New York Athletic Club in January and join a 37 member group at the quadrennial meeting in Washington.
Dizzy Dean said the AP poll naming him 1937’s top disappointment shows he is either very good or awful. He noted he won only two games for the Cardinals and joked with Phillies catcher-manager Jimmy Wilson who failed to hit him all season.
Connie Mack nearing his 75th birthday declares baseball a grand, old game. Asked what he would choose if starting over he would remain in baseball, entering his 55th season with the Philadelphia Athletics. He cautions about too much team speed.
Multiple Ouachita Parish cases: Corner Grocery & Market Inc property sale on January 15 1938 at the Monroe courthouse. numerous parcels in West Monroe described by J F Heard addition. Also listed are seizures in Allen Chapel case and a 1934 Ford Tudor Sedan seized under Internal Revenue laws with sale details and claim deadlines. Milton Coverdale Sheriff. Dec 14 22 39 1937 Jan 5 12 1938.
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