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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 27, 1939
Page
7
New Orleans trading closes with steady to modest declines as foreign selling and year end hedging offset gains. In New York, southern spot and mill selling keep a barely steady tone as early foreign buying wanes with prices around January 10.92 and October 9.63.
Liverpool reports a quiet cotton spot market with prices about 8 points lower across grades. Quotations show American and international middling ranges and futures closing down in Dec, Mar, May, and Jul contracts with varied price points.
Chicago markets show hogs around 21 000 head sold and cattle near 750 salable with strong to higher demand. Feeder steers and yearlings rise, heifers up about 85, cows and bulls firm, lambs and sheep mixed with buyers active on short fed cattle and heavy weights.
New York sugar futures edged higher early and then steadied as producer and speculative selling clashed with demand expectations for 1949 quotas. Nearby months held modest gains while World markets faced selling pressure from futures and European activity.
Chicago market notes show prices for Idaho Sunset Burbanks U S No 1 at 1.75 to 2.00 per cwt and Colorado Red McClosures U S No 1 around 1.75, with Nebraska Elias Tri Ple U S No 1 sacks at 1 60 to 1 85 and some 2 10 burlap sacks. North Dakota river valley cobblers U S No 1 1 20.
CHICAGO December 27 prices unchanged for butter and eggs. At Palo Alto Stanford University students react to the Hoover Library building rising as a ten story tower by exposing trunks to view the pool below. The glyptodont is described as having a tail used as a club when attacked.
A report of 24 hour stage changes across Mississippi and nearby rivers lists stations from Memphis to Cincinnati with rise or fall readings. Notable shifts include Arkansas City rising 0.1 and Vicksburg up 0.0 while Natchez shows a 0.1 rise and Louisville area notes fall patterns.
New York reports heavy stock activity with steels hardest hit and bonds subdued. Foreign exchange steady as Belga rises. cotton declines amid hedge pressure. sugar mixed on profit taking. London silver falls while metals hold. wool uncertain. Chicago wheat drops 5 to 11 cents on improved weather forecasts. corn steady. cattle up to 23 cents or more. hogs mostly up 10 to 20 cents.
The New York stock market slipped in moderate trading as year end selling trimmed gains. Declines hit rails rubber and farm machinery shares while bonds retreated. commodities varied with wheat up in Winnipeg and down in Chicago.
In Chicago on December 27 wheat futures fell up to a cent as overnight precipitation weighed on price. Traders eyed a government forecast showing spring wheat acreage up about ten percent for 1940. May and July contracts moved lower and finished off their session lows. corn also slipped slightly, while oats held steady. Poultry prices showed slight weakness with turkeys and broilers near steady while small gains appeared for light-weight turkeys and young birds.
Lockheed Aircraft president Robert E. Gross reports first eleven months 1939 net earnings of 2,705,582 versus 418,709 a year earlier. Sales exceed 32 million with year-end forecast over 35 million. Unfilled orders reach 46 million including a 20 million British order for 200 reconnaissance bombers. He notes strong commercial output keeping pace with military orders and anticipates higher sales in 1940.
James Campbell 21 reported to police that he was held up by two men on a street corner. One bandit fired after Campbell wrested the gun from him. a second robber joined, but Campbell escaped with his money intact.
Four prize ships seized from Germany in 1917 are to be sold for scrap by a U S maritime commission in Solomons Maryland. The George Washington Monticello Mt Vernon and American will be auctioned January 19 to nations not designated belligerent. Once grand liners they have been idle since the 1920s and their fittings removed long ago.
Large ad index lists categories from dressmaking to vehicles with detailed pricing and rules. Includes Proposals for Levee Work notice and a receivership legal notice for West Monroe State Bank with bids open and dividend details.
The condition of E. F. Arnold general foreman of Missouri Pacific roundhouse improved Wednesday morning at St. Francis sanitarium after a fall from a scaffold two weeks earlier. He suffered two fractures of the pelvis and a fractured right forearm and had been in critical condition. Also noted were updates on W. E. Johnston of River Terminals Corp hospitalized after cotton mishap with compound leg fractures and multiple blood transfusions. Ralph R. Nichols of Rayville was admitted from Union Product Co with a massive gastric hemorrhage. Proposals for levee work on the Red River in Hempstead County Arkansas to be opened January 18 1940.
Ouachita Parish Police Jury and Board of Supervisors of Election meet in Monroe on December 22 1939 to canvass Local Option results from Ward Six held December 19 1939. Propositions One and Two both fail with majority against alcohol licenses and licenses above six percent.
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