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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 23, 1936
Page
21
New Orleans spot and futures trade in late December show a muted holiday session with modest gains in some contracts. Old crop positions held above levels as buyers and professionals absorbed selling while Italy related credits influence sentiment. Futures close steady with 12 to 15 point advances and spot cotton finishes 12 points higher.
New York reports show cotton steady with March contracts slipping from 12.18 to 12.11 before rebounding to 12.14 mid afternoon. London markets note 80,000 bales with 24,600 American. futures closed steady with Dec at 6.72 and May at 6.69.
In New Orleans on December 23 cottonseed oil closed steady with bleachable prime summer yellow at 11.05 to 11.25, prime fertilizer at 9.75 to 10.00, December 10.74B, January 10.74B, March 10.85, May 10.92B, and July 10.94B with a bid of B-Bid.
New York futures for bleach able cottonseed oil end higher with Jan 11.20, Mar 11.28, May 11.42 43, and Jul 11.47 48. Trading volume reaches 147 contracts including 6 witches. Groucho Marx receives a marriage proposal from a wealthy widow confident he will keep her laughing for life.
New York reports firm stocks with advances in oils steels and specialties and higher bonds and rails. Curb improves while foreign exchanges stay quiet. Cotton sugar and coffee show limited moves. Chicago wheat rises with higher world imports. corn firm. cattle and hogs jump with upper price tops.
Chicago grain notes a sharp right-about-face in the Liver pool market boosting wheat early today. December futures up to 1.36 1/2 to 3/4, May at 1.31 3/4 to 8, corn mixed with small gains, oats rising and provisions steady after close.
Hogs 22 000 with 8 000 direct rise 10 15 cents from Tuesday in most weights under 230 lb. Cattle 5 500 and calves 1 200 with fed steers and yearlings up 15 25 and weighty steers 25 40 higher. Sheep 7 000 with fat lambs 19 25 higher and some 35 up. natives 9 25 and ewes 3 50–4 50.
Chicago on December 23 reports USDA data for U S potato shipments and prices. Idaho Russet Burbanks range 2.55 to 2.82 per cwt for U S No 1 and 2.05 to 2.35 for No 2, with limited stock and light demand. Washington Montana and Colorado prices listed for Russet Bur banks and Red McClures, Wisconsin round whites vary by grade, Florida Bliss Triumphs crates quoted.
Call money remains steady at 1 percent for the day in New York. Prime commercial paper quoted 3 to 4 percent while time loans hold at 1 1/4 percent for 60 days to months. Bankers acceptances unchanged and the rediscount rate at the New York reserve bank is 1 1/2 percent.
Butter prices at 6 649 steady with no change. Eggs at 4 322 steady with extra firsts local cars at 29 and fresh graded firsts cars at 29. Current receipts 27 1 2 and refrigerator extras 27 1 2 with refrigerator standards 27 1 4.
Mrs. R. E. Blake and Ione and Joe Bennie visit Dayline to see Mrs. Blake’s parents. Mrs. Cora Reece to spend Christmas in Corpus Christi with relatives. Miss Mildred Boyd and Miss Boyce Rees return to Olla after a two week Monroe visit. The Nethery family visits relatives in Hebert. Zelma and Marjorie Dell Morris spend a Monroe week end with John Hoop er. Meriam Daffin, L P I Baptist student secretary, arrives to spend holidays locally.
New York traders shifted to buying as stocks recovered fractions to a point or more amid nerves over the automobile unionization drive. Volume rose late with about 1.8 million shares changed hands. Notable gainers included Standards of New Jersey California Indiana Phillips Petroleum Texas Corp Barnsdall Pure Amerada U S Steel Bethlehem and many others. Some large names like General Motors Chrysler Westinghouse General Electric and Goodyear showed mixed moves while Sears Roebuck fell about 2. Anaconda Montgomery Ward and International Harvester declined slightly.
The New York market lists Great Britain in dollars with 4.91 5-16 for demand and cables, 60day bills at 490 5-16. France, Italy, Belgium, Germany, Holland, and others follow with various bid and cable figures. Regional rates include Argentina, Brazil, Japan, China, and Montreal cross quotes.
Live poultry lists show hens from 4 1 2 to 16 1 2 pounds with varied prices, Leghorns, Plymouth Rock and White Rock varieties, broilers, roosters and chicks priced across weight classes. Dressed turkeys stay steady to firm with hens and toms priced by age and weight, No 2 turkeys at 16 1 2.
New York trading sees sugar futures rise after liquidation and hedge selling. March contracts climb from 2.84 to 2.87 while September gains from 2.92 to 2.93 as buying supports late trading levels.
Mrs. J A Lanier of Aimwell near pore underwent a major operation Wednesday morning at Riverside sanitarium. Her condition later in the day was reported satisfactory.
The Ouachita National Bank in Monroe schedules its regular stockholders meeting for January 12 1937 at ten in the morning to elect directors and handle business. Bank of Monroe also sets January 12 1937 for directors reports and liquidation committee actions plus contract extensions and related matters. R. L. Kilgore, Marshal, notes a separate January 2 1937 sale of a Minter mule seized under a writ of fife at the West Monroe City Hall. Milton Coverdale, Sheriff, lists a January 9 1937 Sheriff’s sale of multiple parcels in Monroe for Fore closure and tax matters plus a January 6 1937 notice of real estate sale deadlines.
The notice lists rates and alphabetized classifications for Monroe News Star and Morning World classified ads. It includes telephone acceptance, closing times, and per line pricing for multiple ad groups such as employment, real estate, automobiles, and miscellaneous items.
In accordance with Act provisions Jonas Selig & Company Inc dissolved by unanimous consent with Jonas Selig named liquidator to wind up affairs out of court. Official notice filed by Flora H. Selig secretary treasurer. Monroe Louisiana December 23 1936.
A terse byline appears authoring “KILL THIS OUT OUR WAY” attributed to WILKIA MI N. The fragment shows a provocative headline style item likely from a tabloid column or political commentary.
Lost on the street a lady's purse containing $7 in cash and insurance receipts made out to Bert Gregory. A reward is offered and will be returned to Maytag Sales Company at 118 North Grand. Phone number 4260 for recovery.
The Losers' Service Bureau promotes government employment with first year salaries from 1260 to 2100 dollars and yearly raises. It urges readers to try the Monroe examinations for Social Security positions and offers free coaching and details. Apply via Box 909 News-Star.
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