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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 28, 1932
Page
8
Trading opened quiet then picked up as hedging and short covering supported gains. March fluctuated around 5.85 to 5.97, May near 6.06, with final values near the day’s highs and net advances of 8 to 13 points. Exports reached 33,252 bales as prices closed steady near the top.
New York cotton futures opened steady then climbed as traders covered and bought on weather concerns delaying movement of the crop. Locals who sold earlier rebought and March contracts advanced from 5.89 to 5.99, a 10 point gain, with the market holding near the day’s highs into the final hour.
Liverpool reports a quiet spot market with a three point rise and quotations in American cotton grades. Futures closed steady with December through October contracts listed, including December at 4.85 and July at 4.95.
Foreign exchange roundup lists Great Britain at 3.227-8 dollars and 3.33 cables, with other currencies quoted for France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain and more. Nominal rates apply for several markets including Tokyo Shanghai Montreal and Mexico City.
Sugar futures eased on December 23 with January contracts down to 0.64 and July at 19. Late prices held around these levels, closing steady to down one point or less. Trading volume was light at about 10,950 contracts with various months quoted and options noted.
Butter movement described as about steady with creamery section at 93 score and varied gains to 2 1/4 for extras firsts and seconds. Eggs also steady with extra firsts at 28 and current receipts at 24 to 27.
Chicago on December 28 reports poultry prices with odd lines noting hens to 131-2 and leghorn hens at 9, roosters 2, colored springs 10, rock springs, hen turkeys 16, young toms 10, ducks 9-11, geese 9-2, hornens 8, broilers 12.
Stocks firm as rails rally and bonds hold steady amid moderate market gains. Curb markets firm, foreign exchanges mixed with sterling easier. Cotton rises on buying while sugar and coffee ease. coffee most active on selling. In Chicago Wheat rebounds from lows while corn stays firm on light receipts. Cattle mixed with light cattle steady. heavier types weak. Hogs slow with slight declines.
Chicago grain markets report May and July wheat at record lows as stop loss selling rushes. Argentine wheat markets show urgent export pressure while Chicago corn holds near unchanged to down slightly and oats edge higher while provisions swing between declines and gains.
USDA report shows fruits and vegetables about steady in New Orleans on December 28. Prices for snap beans okra and sweet potatoes were slightly lower, while California Iceberg lettuce, Cuban okra, Texas peas and other produce sold in varied crates and sacks with per unit ranges.
December Chicago livestock report shows hogs 27 000 with direct hogs down to 3 3 25 top, cattle 8 000 with steers 600 900 lbs at 5 25 7 25 and vealers 4 50 6 50, sheep 12 000 with bids 25 lower and lambs 90 lbs 5 50 6 35.
Cottonseed oil closed steady in New York with values listed for prime summer yellow at 3.55 and prime crude at 2.37 to 2.62 per 100 pounds. Other bid levels appeared around 3.58 to 3.88 with multiple price points and three contracts sold.
In New Orleans on December 28, the cottonseed oil market closed steady with prime summer yellow selling at 2.95 to 3.05, prime crude 2.37 1-2 to 2.62 1-2, and futures for January 3.05, March 3.20, May 3.30, and July 3.42.
Potatoes show steady supplies and moderate trading in Chicago. U.S. shipments total 425 with 158 on track, including Wisconsin round whites at 75 to 80 cents and Idaho russets around 1.15 to 1.25 per unit. Colorado McClures quoted 1.50 to 2.90, with unclassified and other varieties also listed.
The New York stock market opened strong with aggressive rail buying lifting shares, led by New York Central and others, but selling in key issues late in the session trimmed gains. Industrials fell back while rails retained much of early advance amid year end tax selling easing and favorable carload reports.
Call money in New York remains steady at 1 percent for all day trading. Time loans hold at 1 percent across 60 to 6 months, with prime commercial paper at 11-4 and bankers' acceptances unchanged.
At 7 30 last night on the Cotton and Natchitoches streets intersection Mrs W N Hand 22 and E R Lester 47 were arrested by West Monroe police and jailed in Ouachita parish. Hand charged with driving while intoxicated Lester with being drunk. Hand's car reportedly struck McClendon's car causing minor bruises to Myatt McClendon of West Monroe.
Mrs Appie Coeshler died early this morning at her daughter Mrs J E Howell's home 607 South Second street after an extended illness. She is survived by her daughter and a brother and sister Rev J H Lane of McComb Mississippi a Baptist pastor and Mrs Mattie Wilbanks of Los Angeles California. The body was taken overland to Alexandria for funeral and interment.
Infant son of Mr and Mrs J C Nelson of 1309 Trenton Street West Monroe died shortly after birth. Interment held this afternoon in Lillie Union Parish.
Baton Rouge Louisiana December 28 Adam Rozas appointed to Evangeline parish school board ward 1 by Governor Q. O. Allen to succeed the late J Z Fontenot in a formal ceremony announced today.
Final rites are held today in Opelousas for F. Cliff Allen 48 longtime secretary-manager of Dietlein Jacobs Wholesale who died yesterday after a short illness.
Voters in Monroe cast ballots at the Chamber of Commerce in Hotel Virginia. Ten names run for the senior board with five to be elected, sixteen names for the junior board with eight to be chosen, and four candidates for West Monroe seats with two to win. Ballots must arrive by 6 p.m. Saturday, December 31.
Swartz Grammar School announces the honor roll with students earning nine percent or more. Grade 1 names include O Neal Batson Ada Marie Gibbs and others. Grade 2 lists Michael Dean Robert Ollie James and more. Grade 3 features Edward Taylor Lavelle Horton and others. Grade 5 includes Rowena Davis C G Pearce and others. Grade 7 lists Florence Davis Doris Dunn and more.
State highway officers arrested John Robinson a Negro of West Monroe at 6 10 last night on the Dixie Overland highway three miles west of West Monroe for operating an automobile without lights He is to be tried in West Monroe city court this afternoon.
Lionel Bleis, known as the forgotten man, faces sentencing after two years in jail. He pleaded guilty to burglary, was to be sentenced by former County Judge W Bernard Vause, now at Atlanta penitentiary, and later convicted of carrying a gun and returned to Sing Sing before resuming wait for the burglary sentence. Bleis acted as his own attorney as the DA could not recall the case.
The Little Theater in Ouachita parish junior college will stage Sun Up tomorrow night at 8 o clock. Admission is charged for public attendance while members with cards are admitted free. The show, delayed twice due to cast illness and a flu epidemic in the Twin Cities, features Mrs Blanche Oliver in a leading role. Final rehearsal is tonight and cast rehearsals have produced a highly polished production expected to be creditable.
Miss Eleana Brinsmade president of Ouachita parish junior college Y W C A issues call for all cabinet members to meet tomorrow at 2 p m at Mildred Dennis home 618 Benton Street. An urgent special program plan for post holiday activities will be outlined in an informal tea meeting.
Oklahoma residents hear scattered reports that Charles Arthur Floyd the bandit known as Pretty Boy Floyd has appeared in multiple locations. Claims say he joined bank robberies in Arkansas and Kansas City within a single day.
A brief line captures a football player at Pitt noting he is just a player, while the narrator asks for the dean’s name and receives a skeptical reply, illustrating campus hierarchy and sports culture.
New Orleans clubs slash prices for New Year’s Eve with options from $1 to $5 per person including dinners, music, and drinks. Loyola and Tulane arrange a charity football game, while Pasadena prepares the longest Tournament of Roses parade with Mary Pickford as grand marshal and the Rose Bowl set to feature Pittsburgh vs Southern California.
Washington painter J. W. Hunefeld has headed the White House New Year’s reception line for six years. This year President Hoover and Mrs. Hoover are away fishing in the south, and the event with 3 000 to 6 000 handshakes is canceled. Hunefeld often arrived first, sometimes greeted by earlier guests who were invited in for breakfast.
Chicago officials and hotel managers forecast up to 20000 celebrants on New Year’s Eve as costs fall and demand rises. The city expects crowds to match or exceed last year with early reservations up 25 percent and bargains at five dollars per person versus double in earlier years.
New Yorkers rush to prepare for New Year's Eve as hotels offer dinners and ballrooms at 40 dollars and 16 dollars for outings with shows and meals. Managers expect crowds of up to 2000 guests, with celebrations across homes and hotels as 1933 approaches. Southern California prepares a parade as workers assemble a two mile ribbon for the event.
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