Cotton futures rise on holiday covering in New Orleans
Cotton futures advanced with trade buying and holiday covering in New Orleans trading. Prices closed modestly higher with Mch and Ju notes and spot cotton rose five points amid quiet activity.
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 24, 1940
Page
9
Cotton futures advanced with trade buying and holiday covering in New Orleans trading. Prices closed modestly higher with Mch and Ju notes and spot cotton rose five points amid quiet activity.
December trading shows cotton futures closing 1 to 5 points higher as trade demand and improved textile activity lift prices. Russia price fixing adds support with a firming tone across the market, while middling spot climbs to about 10.34 cents per pound.
Liverpool reports a quiet spot cotton market with prices down 12 to 22 points. Quotations show American grades easing. March futures fall, while May, July, and October futures edges vary.
New York cottonseed oil futures closed higher by 10 to 12 cents amid trading. Prices visible include December around 5.85 nominal for New Orleans prime summer and nearby contracts: January near 6.10, May 5.18, July 6.24, with 112 contracts traded and bid activity noted.
Chicago reports mixed potato movements with 6 percent arrivals and 41 percent on track. U.S. shipments total 315 with heavy supplies and fair to good stock in most sections, while some regional stock remains slow and weak. Idaho Russet Burbanks price 1.37 to 1.45 per 45 pounds. Nebraskan varieties around 1.52 to 1.45, Minnesota and North Dakota cobblers about 1 to 1.10, Bliss Triumphs dominating 85 percent or more.
Chicago December 24 poultry live receipts show no arrivals and no departures. Trucks numbered 29 with hens over five pounds quoted at 16 1 2 to 5 pounds and under 14 1 2. Leg horns broilers and colored birds listed with varied weights. Prices largely unchanged.
Butter receipts total 1,117,803 with steady prices. Eggs receipts 8,062 with unsettled market. fresh graded firsts at 21 1 2 cents, current receipts 21 1 2, other prices unchanged.
Urges last minute shoppers to buy Christmas seals to combat tuberculosis. Highlights risk to children at home and in schools from tubercular relatives and workers and frames prevention as a communal investment in health.
Dr. N Stone Scott aged 77 a renowned abdominal surgery specialist died at his St Petersburg home He was born in Shadeville near Columbus Ohio and rose to prominence in Cleveland where he served as head surgeon at the Cleveland hospital for years
The New York stock market edged higher in today’s session with gains in steels and select industrials while many leaders lagged. Bond and commodity activity remained narrow as investors priced in a cautious near term outlook amid uncertain war news and forecasts.
Chicago grain markets opened with slight gains as wheat and corn rose fractions before trading slowed. Wheat futures gained minorly with May at 5-8 and July at 79 1-2. Corn stayed near unchanged to up 1-8 with May around 6 1-4 and July at 6 1-4.
Washington officials warn that the alien registration deadline falls at midnight Thursday as more than 4.2 million registrations arrive, with totals expected to top 4.6 million. Afterward the Justice Department will file, check, and classify registrants and locate those who have defied the law.
The Van Wert Times-Bulletin published only cheerful, peaceful news today. There were no war stories, political controversies, crime reports, or violent death coverage, as the paper focused on contentment and calm before Christmas.
Penn State's soccer team finished an eighth consecutive undefeated run with a win over Temple in State College. The Lions completed 61 games without a loss in this streak.
Funeral services were held for Mrs. Frank A. Miles 72 at the Delhi Methodist Church with interment in Delhi Masonic Cemetery. Survived by husband two sons Purvis Miles Magnolia Ark and Frank Miles Jr San Antonio Tex two daughters Mrs Frank Hanna Alexandria and Mrs William E Dozier Delhi. Also services for Mrs Corenthia P Griffin 92 and Mary Louise Parker infant daughter of Mr and Mrs Fred Parker. Graves at Riverview Burial Park and interment details noted.
Multiple 1940 41 legal notices detailing sheriff sales in Ouachita Parish Louisiana. Cases include Theo Bendery Reid Brauty Supply inc Home Owners' Loan Corp John B Edwards and others with property foreclosures in Monroe and West Monroe. Notices specify sale dates January 4 1941 January 18 1941 and January 25 1941 with cash terms and no appraisal.
Public sale listings describe multiple executions in Ouachita Parish Louisiana. Items include room furnishings and bedding from Monroe furniture owners Abe Arent and others with sheriff and marshal actions dated December 24 1940 through January 9 1941 and January 14 1941.
Greensbor o Ga December 24 Charlie Poulos Green county's only Greek resident ran a Christmas greeting in the Herald Journal with a postscript remark about Greeks and macaronies.
Notice of sale by Ouechita National Bank in Monroe Louisiana as guardian in the Fourth Judicial District to satisfy a writ of seizure. Describes 615.24 acres including sections 1 2 3 township 16 17 north range 2 3 east plus related livestock and farm implements. Court order dated December 10 1940. Opposition due in ten days.
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