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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 29, 1936
Page
9
In New Orleans on December 2, cash selling pushed cotton futures down about 50 cents per bale as longs sold holdings. May and July contracts declined, and overall activity favored liquidation with the market closing barely steady after mixed losses. Export concerns and shipping space constraints were noted as a contributing factor.
New York trading saw profit taking and liquidation push cotton futures down from 12.5 to around 12.43 during mid afternoon, with futures finishing 16 to 25 points lower and spot middling around 12.95 as activity cooled in late trading.
Liverpool reports 000 bales of cotton with 14 890 American bales. prices rise across grades from strict good middling to good ordinary. Futures steady to barely higher with Dec 6.83, Jan 6.81, Mar 6.83, May 6.80, Jul 6.74, Oct 6.50.
Chicago reports steady potato trading with light supplies and slow demand. Idaho Russet Burbanks fetch 2.85 to 3.10 for U S No 1 and 2.85 to 3.00 typically, U S No 2 2.30 to 2.35. Colorado Red McClures bring 2.80 to 2.85 U S No 1, Wisconsin Round Whites sell around 2.00 to 2.05 U S No 1, with U S commercial 1.95 and U S No 2 at 1.00. Florida crates show slight weakness with U S No 1 around 2.25 and U S No 2 few sales.
New York stocks show irregular trading with tax selling and labor issues weighing on gains. Bonds rise while U S loans advance and the curbs stay steady. Foreign exchange slips, cotton soft, and hogs lead declines with top at 10.50. Chicago wheat falls on weak export demand. corn buys against wheat. cattle ease and sugar firm in spot market.
Chicago trading opens with gains as Liverpool market strength counters yesterday’s price breaks. May wheat rises to 1.35 7-8 to 1.36, July up to 1.185 8-19, corn climbs 3-8 to 5-8 up before paring gains, May corn 1.06 3-8, July 1.03 3-8, oats drop 1-4 1-2, provisions fall 2 to 12 cents from yesterday’s close.
Chicago prices show hogs 29 000 head with direct 4 990. dull light trade and weaker bids. Cattle calves steady to weak with yearlings holding gains. steers 12 50 to 13 90 top, vealers firm to higher. Sheep and lambs steady with good to choice natives and western lambs bid at 9 25 to 9 35 and up.
Foreign exchange irregularities list American and foreign currencies with demand and cable rates for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Hungary Romania Argentina Brazil Tokyo Shanghai Hongkong Mexico City Montreal New York in Montreal and Montreal in New York with nominal values stated.
Bleachable cotton seed oil futures finished barely steady in New York with January at 11.31 cents, March at 11.47, May 11.57, and July 11.61. Sales totaled 163 contracts including 32 switches.
In New Orleans on December 29 cottonseed oil closed steady with bleaching grades at 11.15 to 11.35 and prime crude at 10.00 to 10.12. Futures quoted Jan 10.85, Mar 11.00, May 11.13, July 11.16 with bids indicated.
A late steel stock rally lifted a wavering New York market with many issues turning from declines to fractional gains. Volume neared 2.2 million shares as traders awaited tax returns and labor news. several leaders remained steady or lower, while notable gainers included Douglas Aircraft and North American Aviation among others and optimism grew on farm income and soil conservation payments.
Chicago buyers see poultry and dressed turkey prices steady or firmer. Hens and small fry categories show modest gains while large toms and No 2 turkeys edge up, with varied weights across Leghorn, Plymouth Rock, White Rock, and duck lines as regional markets absorb demand.
Butter and eggs market notes from Chicago on December 29 show steady demand and varied price quotes. Butter totals include creamery specials and extras across several grade levels, while eggs listings cover graded fresh, refrigerator extras, and current receipts with regional car lots noted.
In New York on December 29 sugar futures saw subdued activity but prices climbed on renewed trade and commission house buying. May contracts rose to 2.99 while September reached 3.02, advancing four to five points and hovering near these levels by 2 p.m.
Call money remains at 1 percent all day with prime commercial paper quoted 3 to 4 percent. Time loans show 60 days to 6 months at about 1 1/4 percent. Bankers acceptances unchanged while rediscount rate at the New York reserve bank sits at 1 1/2 percent.
A list of students from Louisiana colleges and normal schools who are home for Christmas includes Billy Shackelford Walter Shackelford Charles Harp Fort Doles Masil Doles Zeph Sisson P D McKain Doyle Chambers Henry Stamm Hersey Sawyer Jane Doles Martha Walcott Willard Anderson Gloria Gott Edward Gott Lloyd Boone Iris Nunn Jack Blanks Oren Robertson Rowdy Simms Nannie Madison Ethel Chambers Ruth Hogan Steaphine Glossop Eva Boone from LSU LSU Normal and Northeast Center of La U
A Christmas family reunion at the home of Mr. and Mrs. D. R. Harp drew guests including Mr. and Mrs. Hugh Dreher and family of Greenville Mississippi, Miss Elaine Beevers of Cleveland, Alabama native Robert Gains, Mr. and Mrs. Carne Evans and family of Met Rouge, Paul Harp family and Jewell Estell of Bastrop, Charles Harp of LSA, and Mrs. L. R. Rankin with Cecil Harp of Houston Texas.
James Williams aged 18 was arrested by Morehouse parish sheriff's department in Bastrop on a charge of beating a board bill. He is held to answer the charge.
Chiang Kai-shek postponed travel to Fenghua for his older brother Chiang Hsi-Hou s funeral as political upheaval looms from Marshal Chang Hsueh-Liang rebellion. Wang Shu-Chang prepares northwest forces, while Chiang offers resignation which the Kuomintang executive committee rejects to show leniency toward the penitent Chang.
William H. Brown of West Monroe and a man identifying as Garfield Hoy of Indiana were charged with theft after stealing a car from Milner Fuller Inc. They abandoned the vehicle at Walnut Street near Illinois Central tracks when fuel ran out. Police arrested them downtown after identification by Eddie Latham, with Tidwell confirming the investigation.
In Loganport Louisiana a gasoline can exploded while pouring fuel to light a fire during a party at T G Roberts home. Betty Jo Plunkett 5 died. Mrs Dewey Bates and her infant son died. Dick Plunkett father suffered severe burns and faced possible hand amputations. The house burned down.
Local authorities in Shanghai questioned whether Atma Singh, a British Indian ex police officer, had been hanged after the trapdoor failed. He survived with a brain concussion and was expected to recover as officials sought guidance from the British embassy on his fate.
Mike J. Beard married Ava Grace Lay at the Methodist parsonage in Tallulah Louisiana yesterday by Rev. Co K. Smith.
Brodie Risinger wed Miss Nigel Ruff of Mer Rouge at the Methodist parsonage with Rev. C K Smith officiating. They will reside in Mer Rouge. Separately Chicago reports a pneumonia and influenza surge with nurse and oxygen shortages noted by health board President Herman N. Bundesen.
Public foreclosure notices list properties by court case Nos 26201 26326 and 26115 issued in Ouachita Parish Fourth District Court Louisiana. Seizures include Lot 2 Square Five Pritchard addition Monroe and a one story frame sandwich stand lot near Louisville Ave N14th St. Also auction of a black mare mule with cash terms. Sale dates January 6 9 and 7 1937.
Coroner J B Hall reports two human remains in Bossier parish. A white man’s skeleton, likely died about a year ago, found by boys in a pine thicket north of Haughton. A Black man’s decomposed body found on a Red River sandbar near the city airport, likely died six to eight weeks ago.
Monroe police sought two Chinese men after a 1934 Ford pickup was stolen from a Chinese owner in Ferriday. The truck, license Louisiana 23-300, was valued at 2400 dollars. Suspects weighed about 135 and 150 pounds respectively and appeared to have fled Ferriday in the vehicle.
A thief broke into H. G. Hollingsworth’s auto service station at 1310 DeSiard Street and stole two penny vending machines, one for peanuts and one for gum. Entry was gained by breaking a window. City Detectives Parker and Bedsole investigated.
The social security board announced that a worker can have only one account number in the federal old age pension system, regardless of how many employers he has. If a worker holds multiple identification cards with different numbers, he should send or take the cards to his local post office for correction.
Mr and Mrs Jim Haley of Fairbanks announce the birth of their first child, a daughter named Cappy Ann Haley born early Monday morning at Riverside sanitarium. Haley works for Memphis Natural Gas Company.
A five ton truck owned by Monroe Grocer at 501 Walnut street was badly damaged by a fire of undetermined origin Tuesday morning around 4 35. Firemen extinguished the flames with a hose.
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