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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 23, 1935
Page
8
December contracts were pared by light buying while distant months declined as traders patience awaited Europe war prep. Spot cotton closed steady up four points with sales of 1126 and a middling grade around 11.77. Exports today reached 28.39 bales.
New York cotton market showed quiet trading with near to late month switches. December rose to 11.86 and held around 11.82 while old crop months gained or fell modestly. Spot cash middling priced at 12.05 with overall futures closing 7 higher to 9 lower.
Foreign exchange irregular with Great Britain at 4.92 3-4 dollars, France 6.58 5-8, Italy 8.07 nominal. Various country demands listed including Belgium 16.85, Germany 40.19, Holland 67.75, Switzerland 32.45, Spain 13.65, Argentina 32.87 nominal, Mexico City 27.85, Tokyo 28.80, Shanghai 29.75, Montreal 99.30 i-4 and New York in Montreal 100.68 3-4.
Cottonseed oil closed steady in New Orleans with Prime summer yellow at 10.05 to 10.25, prime crude 9.12 1-2 to 9.25, Dec 10.33b, Jan 10.26b, March 10.26b, May 10.27b, July 10.29b. Bid.
New York market data shows Dec at 10.85B, Jan 10.65B, Mar 10.62B, May 10.63B, July 10.64B. Trading volume 25 contracts. Market to close at noon on Tuesday December 24.
Call money steady at 3 to 4 percent all day. Prime commercial paper 3 to 4 percent. Time loans offer 60 days to 6 months at 1 percent. Bankers accept 3 16 to 1 8 percent for 30 days, and 3 16 to 1 8 for 9 days. Four months 1 4 to 3 16, five to six months 3 8 to 5 16. New York reserve bank rediscount rate 11 1/2 percent.
Wall Street shares edged higher in spots with aviation and motor stocks posting gains to fresh five year highs. Chrysler and General Motors led the advance while rails and utilities mostly held steady as transfers reached about 1.9 million shares.
New York reports steady to higher in aviation and motors while bonds stay irregular. Sugar and Cuban support steady. coffee rises and wheat with scarce December offerings. Cattle and hogs show gains with highs around 14.50 and 9.75 respectively.
Chicago on December 23 reports wheat surging with May futures above 1.00 a bushel as prices opened mixed then firmed. Corn moved up early then steadied, oats were little changed, and provisions held. May wheat settled near 99 3/8 to 1 2, corn around 59 5/8 to 3/4.
Sugar futures in New York firmed slightly with January at 2.09 and July at 2.16 to 2.17 as of late trading. Futures No. 3 closed steady to 1 point higher with 5,900 tons sold. Nearby quotes listed: Dec 2.27B, Jan 2.09B, Mar 2.09B, May 2.13B, July 2.17B, Sept 2.22B.
Potatoes on track 206 stocks firm supplies moderate demand steady. Idaho russets U S No 1 165 No 2 132 to 145, practically free of cuts and ends 155. Wisconsin round whites No 1 100-120. Minnesota North Dakota Red River cobblers No 1 120, Red River Ohios 120, Bliss Triumphs decay few sales 100. Minnesota sand land early Ohios 110, Colorado McClures No 1 135-150 No 2 105, Nebraska Bliss Triumphs No 1 137 12 to 40, Wyoming Bliss Triumphs No 1 135.
Chicago market notes live poultry with 1 car and 31 trucks, tom turkeys easy and balance steady. Hen turkeys and young birds rise, while leghorn hens, Plymouth and white rock varieties show mixed prices. dressed turkeys and No 2 turkeys also listed with gains and declines.
Chicago livestock prices show hogs 10 to 15 higher with top 9.75 and 170 to 250 lb bulk at 9.60 to 9.70. cattle scarce higher with fed steers 12.00 to 13.75 and best above 14.00. calves, sheep firmer with fat lambs up to 11.75 and slaughter ewes 4.50 to 5.00, demand varied across grades.
Liverpool reports no cotton receipts with spot prices rising. American strict good middling 7.10 and other grades quoted. Futures closed barely steady with several contract levels. Also notes eight men have spent two and a half years cleaning St Pauls Cathedral interior in London.
Emma Willis an 18 year old Oklahoma farm girl said she would repent after killing her father I H Willis 45 while he slept in their three room home. She described years of hardship and cruelty and said the killing came after she decided to end the abuse. She sat in a jail cell awaiting arraignment as relatives attended her father s burial and a county attorney commented on her sanity.
Midnight services and daytime masses will be held at St Matthews Catholic and Grace Episcopal churches. Rev Father N F Vandegaer will preach from Jeremiah 23 6 at St Matthews with an elaborate musical program. Grace church offers a 1145 pm midnight service with Mozart Twelfth Mass parts sung by a named soloists and choir conducted by Roger Frisbie.
Nell Addison of Florine completes training under Ouachita parish agent Mrs. Jewel McQuiller then departs for home. She will assume the Livingston parish home demonstration agent post on January 1.
Chicago markets show butter at 5 056 steady with creamery specials 33 1 2 to 34 and various grade prices. Eggs 2 963 unsettled with firsts and specials listed. The text also notes Proxima Centauri as the nearest star at 4.3 light years away.
A science note states Jupiter spins once every nine hours and fifty minutes. It also notes a 159 pound earth weight equals about 435 pounds on Jupiter.
CHICAGO December 23 The criminal Henry Midget Fernekes once labeled Could have given Dillinger lessons left a paltry estate barely reaching $2,000 most of which came from an inheritance. Fernekes died by his own hand after an escape from Joliet penitentiary and poisoning in a Chicago detective bureau cell ending a decade of high profile crime.
South Carolina ends troop presence at the highway department after Governor Johnston agrees to a temporary nonpartisan setup. Ten bills remain pending as the legislature reconvenes January 14 to reorganize the highway agency amid ongoing disputes over a six-member elected commission versus the old 14-member body.
Relatives of C. J. O Ne al of Rayville thank Mayor Arnold Bernstein and Police Superintendent L V Tarver for the police escort of the funeral cortege to Calhoun. Motorcycle officers led the procession from Rayville through Monroe and West Monroe to the city limits of West Monroe. The statement was issued by Lem Compton T J Cowen W M Hallock Dr E L O Neal and Hodge O Neal.
Mrs. W. R. Hodge of Drew died in a Monroe hospital Monday morning. Funeral services will be held Tuesday at 10 a. m. at Hasley Cemetery with the cortege leaving Mulhearn's at 9:30 a. m. Survived by husband three sons Louis J F Charles and a daughter Louise, her mother Mrs. J. T. Ingram, and brothers Herman and Howard Ingram, all of Drew.
A rotten egg floats when gases from decomposition accumulate inside its shell and reduce density, making it buoyant in water.
A pharmacist developed a multi ingredient mix to relieve most headaches in minutes. Sold as B. C. in 10¢ and 25¢ packets at drugstores. Also for muscular pains colds neuralgia fever and nervous distress without habit forming drugs.
A candy miniature of the Little Church Around the Corner in New York is on display in the St John Electric window at 211 DeSiard Street. Made by a Monroe woman, proceeds from its sale will go to the Good Fellows fund. The piece features a snowy landscape, Santa in a sleigh, reindeer, fir trees, and a detailed church with a cross, all crafted from candy. It will be awarded Tuesday at noon after public inspection.
More than 5300 citizens registered to vote as Morehouse Parish closed its books. The parish expects its largest turnout in history for January 21 elections including state parish and ward officials. Poll books close December 31. registration replaces poll tax. Election supervisors will meet January 2 to select election commissioners based on merit, not politics.
France's Surete General known as the national police service recruits exclusively university men for its ranks, aligning with its Scots Yard comparison and calling for educated candidates to join its law enforcement corps.
In Boaz Alabama on December 23 the "Secret Six" announce a leap year party where escorts are chosen within minutes after 1936 begins. The six women intend to pay all expenses and will ask their dates to marry them during the festivities.
Monroe fire chief Frank J. Roddy urges simple precautions to avert holiday tragedies. He warns against inflammable decorations and candles, advises safe disposal of gift wrappings, emphasizes secure trees away from heat, and cautions about electrical wiring and toy safety for a safer Christmas season.
Oak Grove Louisiana December 23 A band concert by the Oak Grove school band 40 members in the high school auditorium attracted parents and friends for its first public appearance since organization a few months ago.
W. F. Patton Jr. sustained lacerations to his left arm and head Sunday at 3 30 am when his car collided with another driven by Robert Guerriero in the 500 block of Riverside drive. Patton, treated at Vaughan Wright Bender clinic, cited hazardous road conditions after fresh snow.
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