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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 30, 1935
Page
7
New Orleans market shows small net gains as futures rally on better cables but gains fade with offerings. March leads with an 6 point rise to 11.28, May up 2 points to 11.09, July 5 points to 10.93. exports reach 7,926 bales while spot cotton closes 3 points higher at 11.75 middling amid holiday lull and bearish cold weather.
New York cotton traded quiet and mostly steady on December 30 with March futures touching 11.30 and around 11.27 late in the session. Futures closed steady up to four points higher, spot middling at 11.95, reflecting little selling and steady demand.
Liverpool APOOL December 30 reports American cotton prices with spot quote up three points for good middling and related grades. Futures settle quiet with contracts Dec March May July Oct showing slight declines. markets set to close at 12:30 pm Liverpool time tomorrow.
In New Orleans on December 39 the market held steady with prime summer yellow at 10.00 to 10.20, prime crude 9.00 to 9.12, and futures for January through July around 10.08 to 10.10 per barrel, reflecting stable demand.
New York trading notes indicate next year’s U S sugar quotas will be only modestly higher than this year as bullish futures sentiment prompts buying. Contracts for delivery months including January and March trade around 2.20 to 2.38 cents per pound with active open interest and firm closes.
Live poultry prices show unsettled trading across 1 car lots 54 trucks with variety of birds. Leghorn hens Plymouth Rocks and others quoted with weights from 18 to 25 pounds for different grades roosters hens turkeys caps 6 to 7 pounds and dressed turkeys noted with weight ranges and market levels.
Buying pressure lifted New York stocks with fractions to several points as rails steels motors and utilities led gains. The day saw broad participation with many shares higher and a steady close while tax related transfers and year end considerations influenced activity. Transfers on the session totaled about 1.55 million shares.
Stocks firm led by oils aircrafts and steels with bonds steady and rails in renewed demand. Curb higher, special ties and industrials rally while foreign exchanges mixed. Commodities show sugar and coffee firmer, wheat higher on overseas demand, cattle and hogs weak with hogs down 10 15 percent from Friday.
Chicago opening saw wheat futures rise with Liverpool quotes firm. May wheat moved to around 99 3-4 to 7-8, corn up 1-8 to 1-4, May corn near 60 3-8. Wheat closed stronger, while corn and oats edged up, provisions down slightly.
Chicago price report notes 19,000 hogs with direct sales easing 10 to 15 cents. Cattle and calves feature a liberal run with values 8 to 13 dollars lower on steers and yearlings, heifers 25 to 50 lower, cows steady to 15 down, bulls strong, vealers 25 to 50 lower. Sheep open slow with native and western lambs bid around 11.25 to 15, proceeds steady or down 4.50 to 5.00 for aged ewes.
Irregular currency markets show Britain at 4.98 dollars and 4.93 via cables. Other currencies listed include France 6.61 1-4, Italy 8.06, Belgium 16.85, Germany 40.25, Holland 67.89, Sweden 25.42, Spain 13.70, Argentina 32.87, Brazil 8.59, Mexico City 27.85, Shanghai 29.87 1-2, Hongkong 32.62 1-2, with Montreal and New York exchange values near 99.31 1-4 and 100.68 3-4 respectively.
Call money steady at 3-4 percent for all day. Prime commercial paper 3-4 percent. Time loans offered 60 days 6 months at 1 percent. Bankers' acceptances unchanged with 30 days 3-16 to 1-8 and 60-90 days 3-16 to 1-8. Rediscount rate at the New York Reserve Bank 11-2 percent.
A sheriff sale is held on January 11 1936 at the Monroe courthouse for Biedenharn Realty Co and Dixie Investment Co in the case No 25014. The property is lot ten of square eight in Prichard's addition to Monroe. Terms are cash with appraisement for the portion due and credit per original mortgage. The sale is conducted by Sheriff Milton Cord waadle.
Lost on DeSiard Street four keys on a string with a reward offered by Earl M Tate of Paramount Theater. No further details available.
A new market device offers sway control for automobiles using soft suspension springs. The invention targets improving ride stability and handling performance for passenger cars and light trucks.
USDA notes 639 ships Saturday and 26 Sunday with steady prices and moderate supplies. Idaho russet Burbanks sell U S No 1 at 1.85 to 2.00 per cwt, No 2 at 1.40 to 1.60. Wisconsin round whites 1.15 to 1.25. Michigan Green Mountains 1.35 to 1.40. North Dakota Red River Early Ohics 1.30. Colorado McClures 1.32 to 1.66. Nebraska Wyoming Bliss Triumphs mostly 1.45 per cwt.
Butter prices in Chicago on December 30 show steady trading with totals for butter at 7 743 and eggs at 3 441. Creamery specials fetch 34 34 1 2 for extras, while firsts range around 31 3 4 to 32 3 4 and standards at 33 1 2 to 33 1 2. Eggs report extra firsts at 26 and current receipts at 22 1 2 with other grades near 19 1 2.
Quitman residents Mr. and Mrs. Clyde Braswell and daughter Helen of Longview Texas visited Mrs. Braswell’s parents Mr. and Mrs. O M Downtain on Christmas day. Mrs. J S Bryan hosted guests for Christmas including Mr. and Mrs. H G Williams of Tullos and Mr. and Mrs. J R Pilcher Jr and children of Shreveport plus Miss Sallie Bryan of Shreveport and Johnnie Brown of Shreveport.
Readable fragments describe a local event involving several women and a group identified as AAA. Details are sparse, but the piece centers on community participation and a notable gathering at Hoe Bay with mentions of Ali and Eon.
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