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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 24, 1936
Page
7
Late trading shows gains of 50 to 75 cents with a firm tone as short covering and speculative buying push futures higher. March to October contracts advance, exclusions due to holiday lull, spot cotton closes 14 points higher with strong gray goods activity and robust exports of 17,791 bales.
In New York on December 24, heavy foreign and domestic buying pushed cotton futures to new weekly highs. Contracts remained scarce after early realizations. March rose from 12.31 to 12.38, then held around 12.36 as prices advanced 11 to 17 points overall.
Liverpool reports 4-Cotton at 9 000 bases including 3 300 American. Spot demand fair with prices up seven points. Quotations show American good middling 7.76 and middling 7.91, with futures closing very steady: Dec 6.75, Jan 6.73, Mar 6.75, May 6.73, Jul 6.68, Oct 6.44.
In New Orleans on December 24 cottonseed oil closed steady with price spreads for different grades and contracts. Bleachable prime summer yellow quoted at 11.15 to 11.35, prime crude 9.87 to 10.00, with December at 10.78, January 10.84, March 10.97, May 11.13 and July 11.16 dollars per hundredweight, x expired at noon.
Live poultry mixed with unsettled prices for 30 trucks. Hens and roosters vary by weight class with Leghorn, Plymouth Rock, and White Rock varieties listed. Turkeys, ducks, geese, and capons show ranges for hens, toms, and No 2 classifications. dressed turkeys steady with various weight-based quotes.
Foreign exchange steady in New York with Britain at 4.91 1-8 dollars and other currencies listed. Rates include France 4.67 1-8, Italy 5.26 1-2, and various demands and cables for countries such as Belgium, Germany, Holland, Norway, Sweden, Denmark, and more.
NY stocks firm with oils and specialties leading the advance as bonds rise and rails attract demand. Foreign exchange quiet with the French franc lower. cotton and sugar advance amid active trade. Chicago wheat buoyant amid tense European conditions. corn up. Cattle firm to 25 higher with top at 13. hogs up 25 at 1.45.
Chicago wheat rose early by two cents a bushel with December at 1.36 3-4 and May at 1.32 1-2 33, corn up 1 2 7-8 with December 1.08 7-8, May 1.05 3-8, oats up 1 2 to 3-4, rye firm at 4 1-8 to 4 5-8. By close wheat climbed 3 1-8 to 3 3-4, corn up 1-2 to 1 cent, oats 1-2 to 3-4, provisions mixed with 2 cent loss to 27 cent gain.
U S Department notes 17 000 hogs including 9 000 direct with prices up to 10 -year high for December. Cattle and calves 4 500 plus heavy activity with most classes higher. best steers and yearlings firm, other classes strong. Sheep 11 000 with fat lambs in demand and fully steady to higher, ewes 3 50-4 50.
New York stock market shows gains in oils and specialties while many leaders falter amid a light trading day before a three day holiday. Paramount first preferred leads gains as several large issues hold steady or slip amid settlements in Detroit auto parts plants and a broad range of chemicals, metals, and consumer stocks showing varied moves.
Chicago December 24 USDA notes total U S potato shipments at 462 on strong demand with light supplies. Idaho Russet Burbanks fetch 2 65 to 2 90 for U S No 1 and 2 15 to 2 30 for No 2. Colorado Red McClures 2 70 No 1. Wisconsin rounds 1 90 to 2 02 No 1. Michigan Russet Rurals 1 95 to 2 10 No 1.
The New York call money market held steady at 1 percent for the day with prime commercial paper at 3 to 4 percent. Time loans were offered 1 to 4 percent for 60 days to six months, bankers acceptances unchanged, and the rediscount rate of the New York Reserve Bank at 1 1/2 percent.
Butter 7,051 firm prices unchanged. Eggs 4,347 steady prices unchanged.
Local social calendar highlights week end guests Felton Hawthorne of Belview and Christmas plans for the Prestidge family. Funeral attendance by Mrs. Elsie Sills and others. Olla W M S met for a missionary program titled The Kingdom Of God Is Peace led by Mrs. Fred Morris with multiple members taking part. W M A and Girl Association promotions noted with several girls advancing through Sunbeams to Junior G A Intermediate G A and Y W A. Also mentions a Panama boxing champion tied to a 1914 movie actor and Jack Dempsey as a sparring partner until 1922.
The Monroe News-Star and Morning World publish a rate chart for Want-Ads with minimum charge and daily closing times. It notes phone ads accepted, accommodation accounts, and a legal notices category listed under classification group headings.
Monroe notices list parole application for Bishop Owens and multiple 1936 sheriff sales by Monroe officials. Actions include a Writ of Fi Fa sale of a RCA radio, dissolving Midway Inc with liquidator, and a livestock seizure for Industrial Loan Co. case with several cows described for public auction.
Leo Vickers a LSU senior 21 suffered critical spinal injuries Thomas McCoy 19 of Natchez fractured skull and other injuries and W O Jones LSU student Mangham injured when McCoy driven car left road into a ditch on a dangerous curve near Vidalia on the Ferriday Vidalia highway. Bush Ferriday insurance man first at wreck assisted and Vickers Jones McCoy were taken to Ferriday hospital where condition reported serious. Vickers of Baton Rouge was en route to Mangham for Christmas holidays with Jones who was headed to Mangham, the car owner McCoy was en route to Ferriday from Vidalia.
The S. H. McClary family plans a Christmas reunion with members arriving from three states. Early arrivals include son in law and daughter Mr and Mrs J H Little of Beaumont Texas and son Bill McClary a midshipman at Annapolis. Also arriving was McClarys sister Mrs L M Keene of Fremont Nebraska.
The Monroe Public Library will be closed all day Christmas and again Saturday. It reopens next Monday morning at the usual time. The Saturday children's story hour is canceled this week due to the Christmas vacation period.
A daughter was born December 20 to Mr. and Mrs. Proby Sessions of Vidalia at a Natchez hospital and named Elizabeth Winston Sessions. In Winnsboro a son was born December 23 to Mr. and Mrs. Langford Prewett. Mr. and Mrs. Oliver Pratt welcomed a son December 13 named James Pratt. The Russell couple announced a daughter born December 19.
Frank McCormick III prominent Oak Grove businessman and former Monroe resident is reported seriously ill at Vaughan Wright Bender clinic with his condition drawing local concern.
Annual stockholders meeting of The Ouachita National Bank in Monroe set for January 12 1937 at ten o clock A M in the Directors Room to elect a Board of Directors for the ensuing year and transact business. Also Bank of Monroe meeting January 12 1937 at three P M to consider the Liquidating Committee report and extensions of contracts and other bank affairs.
Lost and found listings in The News-Star and Morning World are indexed to aid owners. Call the Classified Department at 4800 to advertise a lost item and receive free listings in the Losers Service Bureau. The service helps recover lost dog, purse, jewelry, fur, or any unadvertised items.
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