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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 26, 1930
Page
5
Holiday activity and Liverpool closure kept New Orleans cotton trading light. January climbed to 9.75 cents and March to 10.95 before retreating to around 9.60 and 9.91 cents as weak weekly statistics and low takings weighed on prices. 6,400 bales were tendered as January notices. exports totaled 3,174 bales. closes steady near lows with 9 to 11 point daily declines.
New York cotton trading opened quiet with activity focused on January sales and shifting from near to late months. Futures ended barely steady to down, spot middling at 9.80, with January old around 9.72 and January new about 9.65.
In New Orleans and New York tenders for January contracts supported steady prices during the first session half. Selling late in the day eased values slightly, but losses were modest. Notices from large spot houses were absorbed. weekly spinner takings and visible supply signals pointed to a cautious but hopeful near-term move for cotton.
Hogs 42,000 with 17,000 direct. weights under 220 active steady, others 10-15 lower. Cattle 3,000, calves 2,000. steer runs mostly steady, bulk 9.00-11.50. Vealers good and choice 8.50-11.00. Sheep 13,000. fat lambs active, strong to 25 higher, best 8.25-8.50, lambs 7.50-8.75, ewes 9-15 pounds 2.00-3.75.
In Chicago on December 26 the USDA reports potatoes trading just fair at 114 per cwt. Wisconsin round whites bring 1.40 to 4.60 per cwt with sacks.
Stocks heavy with Mercantile shares at new lows. Bonds irregular and investment issues steady in dull trading. Curb heavy with small losses in a quiet market. Foreign exchanges steady while Argentina weak. Cotton lower with Western selling and sugar easier. Coffee higher supported by Brazil. In Chicago Wheat easy with a bearish Kansas state report. Corn easy with large Argentine weekly exports. Cattle irregular.
Wheat and corn moved lower early as buying was light and favorable weather aided movement. Wheat opened down and closed with a net decline while corn steadied late and finished softer. oats fell about 1 cent and provisions varied from a 60 cent loss to 37 cent gain.
Associated Press report from Chicago on December 2 1966 notes steady movement for poultry including alive chickens, turkeys, ducks and geese with prices varying by class such as fowls springs roosters and young turkeys.
Call money firm in New York shows high at 2 1 2, low 2 with ruling rate at 2. Time loans steady from 3 to 90 days at 2 1 2 and 3, four, five and six months at 2 3 4 and 3 percent. Bankers acceptances unchanged.
In New Orleans on December 26, cotton seed oil held steady with Prime summer yellow at 6.85 and prime crude at 5.87. The market showed upward and downward moves across months with January at 6.71, February 6.75, March 6.89, April 6.92, May 7.91, June 7.05, July 7.42, and August 7.20 as traders assessed supply and demand.
New Orleans reports light supply for Florida strawberries at 1 dollar per quart. Apples steady with Delicious 2.50 to 3.25 per box, winesaps 2.25 to 2.50. Pineapples 3 per crate, d Anjou pears 2.25 to 2.50, cocoanuts 4 per hundred. Louisiana vegetables scarce with beets 40 cents per dozen, carrots 20 cents, mustard 30 to 40, parsley 40 to 50, spinach 25, shallots 20 to 25. Sweet potatoes 1.50 to 1.75 per 100 pound sack. Northern onions 1.50 to 1.60 per sack yellow, reds 1.50 to 1.75. Wisconsin cabbage 1.25 to 1.50. Potatoes Idaho/Colorado 2.15 to 2.25 per 100 pounds. Iceberg lettuce 3.50 to 4.00 per crate, cauliflower 1.60 to 1.75. Cuban tomatoes 3.25 to 4.00 for 144s, 2.75 to 3.50 for 180s. California celery 4.00 to 4.50 per crate. Snap beans light with Florida bushels 5.50. Louisiana carrot shipments three days: eight cars, sweet potatoes seven, mixed vegetables two.
In Chicago on December 26 the butter market shows overall weakness with 5 655 pounds of butter and 6 670 dozen eggs traded. Creamery extras fetch 92 score, standards 9 to 9 1/2 percent, extra firsts 90 to 91, firsts 88 to 89, seconds 86 to 87. Eggs demand appears steady with various grades listed.
The post holiday market eased with light offerings and small losses in key shares. Macy and Sears Roebuck hit new lows while Woolworth and Coca Cola eased, as traders anticipated weak holiday earnings and year‑end tax selling.
Miss Odette Thireau of France, a Bryn Mawr scholarship student in chemical engineering, visits Mrs. B. U. Hood at 108 Layton Avenue. She plans to travel to New Orleans, New York, and Bryn Mawr to resume studies, describing her delight in the United States and her ties to friendship formed after World War I.
Salta, Argentina, Dec 26. Thirty three killed and over seventy injured as earthquakes over the holidays leveled La Poma. A relief expedition arrived Christmas Day after a 24 hour march. survivors report six new tremors and describe a thunderous underground rumble and a sound like amplified horse galloping.
Joe Noble a farmer living about 18 miles from West Monroe on the Eros road was shot Friday morning by Will Thomas according to reports. The sheriff's department was investigating the case at noon.
Clarkdale Mississippi reports say Paul Hall, 12, shot and killed his father L H Hall at their Belew home on Christmas evening. Authorities say the boy obtained a shotgun and shot his father through the chest amid alleged abuse of his mother. A preliminary trial was planned at Marks with officials indicating the boy may be released after investigation.
Raw sugar prices held at 3.22 for spots duty paid as minor moves in futures centered around a two point swing. January notices and house selling pressured early trade, but short covering and buying absorbed offerings and midday prices recovered. Refined sugar remained at 4.55 and approximately 51,200 tons were sold. futures quotes ranged from 1.13 to 1.50 across contracts.
In New York on December 26 foreign exchanges held steady with key quotes listed. Great Britain demand at 485 5-8, France 3.93, Italy 5.23 1-2, Belgium 13.97 1-2, Germany 23.81, Norway 26.74, Spain 10.66, Greece 1.29 1-4, Brazil 9.75, Tokyo 49.63, Shanghai 5.25, Montreal 9.89 1-16, Mexico City gold peso 47.05. Great Britain in dollars, others in cents.
Lund Harper a municipal golf pro and his wife had a Christmas trip to St Louis disrupted when their car overturned near Leland Mississippi. They escaped serious injuries and returned to Monroe by train for repairs with plans to retry the journey soon.
United Press reports Leo Mongoven, once a small town lad turned gangster, survived an execution attempt last May and has since recovered. The Chicago story claimed he was marked for death, walked into a trap, and was wounded, yet he reappeared at Villa Park near Chicago to play Santa Claus for his two sons.
City Marshal J M Brothers seizes Nash Sedan model 450 with motor number 222343 as property of Reid in the Breard Motor case. The City Hall doors in Monroe are set for sale by cash bid at legal hours on December 27 1930 to satisfy the writ of seizure and sale with no appraisal.
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