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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 24, 1931
Page
8
New Orleans December 24 market kept within a narrow range as pre holiday activity reduced deliveries. Prices edged up from the prior close with January at 6.23 and March near 6.39 to 6.40, May around 6.58. Late session gains were modest as shorts covered for holidays. Exports for the day totaled MG bales.
The market advanced 12 to 15 points and closed near session highs. Trade and Far Eastern buyers helped, but most gains were covered by speculative shorts. hedging was light and contracts scarce. No sustained advance is seen, and rallies should prompt profit taking before Christmas season.
In New York on December 24 sugar futures showed quiet activity with pre holiday tone. Prices at the best hour opened 1 to 2 points up and closed steady to 1 to 3 points higher with about 2390 tons sold.
In Chicago on December 24 USDA notes potatoes at 23 on track 167 with a total U S output of 416. Wisconsin rounds Gann sell around 1.75 to 1.80 per cwt as traders pause and dull activity persists.
Mexico reports 137 licensed civilian aviators and 42 nonmilitary planes for civil use. The contrast shows the country has fewer civil aircraft and pilots than the U S District of Columbia which lists 265 civilian pilots and 2 private planes.
Stocks steady in dull trading the slowest in nearly three months. Bonds irregular. rails sag. Foreign exchanges see sterling rally whereas cotton and sugar quiet. Coffee sold by commission houses. pre holiday covering in effect. Wheat firm on small Russian exports and Canada cold weather. corn steady with smaller Argentina exports. Cattle irregular. hogs higher.
Chicago grain prices opened with slight gains on wheat supported by Liverpool supply reports. Wheat held near initial limits and closed firm unchanged to 1 cent higher. Corn started flat to down and ended about 4 percent higher with oats up a tad and provisions steady to up 7 cents.
New Orleans reports mixed demand for fruits and vegetables with iceberg lettuce strongest at 4.00 to 4.75 per crate. Cabbage mostly weaker with New York storage stock at 2.25 cwt and Louisiana cabbage 3 to 5 per dozen heads. Potatoes steady 1.45 to 1.50 per 108 pounds. Louisiana sweet potatoes 1.00 to 1.15 per cwt. Best creole sweet oranges 2.00 to 2.75 per box. Cocoanuts 53.0 per hundred. pineapples 250 per crate. Louisiana beets 15 to 25 per dozen, carrots 2 to 3, shallots 20 to 25, spinach 35 to 44, turnips 30 to 40. Florida snapbeans 1.9 to 2.25 per bushel. okra around 3.00. Texas spinach 1.50 per bushel. Wednesday shipments include 3 cars sweet potatoes, 2 cars mixed citrus, 1 car oranges.
U SDA market report shows hogs around 15 to 25 cents higher with 20 000 head including 12 000 direct. Prices for hogs and sows vary by weight with packing and feeder categories listed. Cattle and vealers decline for medium and heavy weights while vealers firm. Lambs and sheep demand described as sharply higher with fat ewes and light lambs noted.
In New Orleans on December 24, cottonseed oil closed steady with prime summer yellow at 375 to 385. Prime crude ranges from 3.12 to 3.25, with futures for January at 3.92 and February 41, March 4.09, April 4.12, May 4.20, June 4.21 and July 4.25.
In New York on December 24, cotton seed values remained closed steady with Prime summer yellow at 4.00 and prime crude at 3.25. Some quoted figures show slight variations around 4.56 for certain lots, reflecting a stagnant session amid mixed demand.
Chicago December 24 report shows poultry alive and in various weights steady. Fowls and young turkeys vary with weak birds among categories including springs roosters and ducks, price quotes for heavy white and colored ducks and geese listed.
Wall Street shares showed little movement in dull holiday trading. Minor fraction changes across a narrow range with turnover just over a million. bankers saw the Young plan report as a cautious step toward international debt settlement.
In Memphis Mississippi River floods push Santa to deliver by motor boat to Delta residents. Swan Lake hosts a flood relief Christmas with boats and a tree for children. Webb shoppers arrive by boat to stores as relief and small gifts stretch to planters and sharecroppers. Red Cross workers report few requests for aid.
Foreign exchanges list today's rate figures for Great Britain and various nations. Includes demand and cable rates for France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czechoslovakia Yugoslavia Austria Romania and major city quotes Tokyo Shanghai Montreal Mexico City with note on nominal demand rates.
Liverpool reports a quiet cotton market with several price quotations for American grades from strict good middling to strict good ordinary. Receipts reach 1,000 bales while futures settle in quiet ranges with Dec at 4.94 and May near 4.36.
New York December 24 call money steady at 3 percent all day. Time loans hold at 3 1 2 percent for 60 days and 3 11 2 percent for 3 to 6 months. Prime commercial paper runs 3 3 4 to 4 percent with bankers' acceptances unchanged.
Butter prices steady at 6 068 with no change. Eggs totals 2 370, with steady levels for extra firsts at 27 and fresh graded firsts at 25. Current receipts 21 23, refrigerator firsts 171 2, refrigerator extras 181 2.
Translation of a damaged OCR item shows scattered terms for alcohol, United 4 by ebay, Waren, two VansAmm, and several unclear entries. The readable fragments suggest a listing or trade note with no coherent event or outcome.
At the Paramount Theater manager Harry Rice announces a one night showing of Universal drama Nice Women. The film follows a demure sister who pretends expertise in romance and becomes a real siren, featuring Sidney Fox Frances Dee Alan Mowbray Russell Gleason Carmel Myers and Lucille Webster Gleason. A Plymouth car giveaway is planned at 7:45 p.m. Also playing at the Capitol is The Mad Genius with Jo Barrymore in a Warner Bros. production featuring elaborate puppet and ballet sequences.
A small group of former slaves met in Atlanta for an annual gathering sponsored by younger Black people. Led by Rev. J. A. Hadley, with speakers Rev. B. R. Holmes and Rev. A. R. Cooper, they shared food, exchanged gifts, and sang spirituals and cotton patch songs recalling their slave era and hopes for Christmas. They recalled hardship and history while longing for better times and peace.
Joe King, a 19-year-old with one arm from Winston Salem North Carolina, won his second poster prize. His design shows an aviatrix and a girl at a spinning wheel and earned $50 for use during National Business Women's Week March 6 to 12. The award is linked to Rear Admiral Byrd's South Pole expedition.
A chance meeting of Denver business men led to the Denver Business Men's Art Club which has 31 members. The four year-old group has displayed more than 40 canvases, with works shown at the Chicago Art Institute and the Milwaukee Journal gallery. Members spend Saturdays sketching in parks or mountain canyons from nature.
MEMPHIS Tenn December 24 Pete Zorzoli a local bus driver faced a grim Christmas as doctors fought to save his eight year old son Vickie Zorzoli at hospitals today He waited for a promised Christmas call from his mother Mrs Josephine Zorzoli who was reported to be at a ranch in Rosario Santafe Argentina far away
The Police Jury of Ouachita Parish Monroe Louisiana met in a regular session at the Parish Courthouse. Resolutions authorized two certificates of indebtedness totaling 12 500 and a 7 300 loan from Ouachita National Bank secured by city mortgage notes. The jury also empowered the president to allot 4 percent of air show net proceeds on December 1931 to the Red Cross and to attach a copy of the resolution to each certificate.
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