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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 30, 1936
Page
9
New Orleans cot ton moved up a few points as offerings remained scarce and holiday trade limited activity. January touched 12.40, October up to 11.88, with futures closing at best levels and spot prices steady around 12.91 amid 1,907 contracts traded.
New York reports partial recovery as liquidation plans proceed. March contract rises from 12.35 to 12.45 with last hour gains around 10 to 13 points while overall trading remains light. Cotton futures close steady with middling around 15.04 and bids near 12.28 to 12.45.
Cotton bases with 11,800 Ameri Spot in fairs show prices down seven points across grades. Quoted values include good middling at 7.49, strict middling 7.04, low middling 6.32, and good ordinary 5.72. Futures closed steady with Dec 6.81, Jan 6.79, May 6.79, July 6.73, Oct 6.49.
In New Orleans on December 30 bid prices held steady for cottonseed oil. Bleachable prime summer yellow quoted 11.15 to 11.35, prime crude 10.00 to 10.25. January 10.93, March 11.05, May 11.21, July 11.25 bid.
New York December 30 futures for bleachable cottonseed closed firm with January at 11.43, March 11.56, May 11.70 to 11.71, July 11.73. Trading included 125 contracts with two extra positions.
Foreign exchange in York shows steady rates with Britain at 4.91, France 4.67, and other major currencies listed. The report includes demand and cable figures for multiple nations and ends with a stray sentence about electric motors of modern batteries.
New York stocks firm with broad recovery led by industrials as bonds rise and curb market improves. Foreign exchange steady while cotton sugar and coffee show gains or firmness. Chicago wheat up with corn on light receipts. Cattle and hogs mixed with highs around 13.25 and 10.50.
Chicago wheat futures eased on open as Argentine harvest improves and domestic moisture spreads, then recovered some. Corn showed little change with May at 1.06 1 2 and July 1.03 1 8. Livestock trades reported steady to higher hogs, strong cattle demand, and varied lamb and sheep prices amid active buying and limited sales.
Chicago dispatch notes USDA data shows total US potato shipments at 750, western stock weaker, northern steady, supplies light and demand very slow. Prices listed for Idaho Russet Burbanks, Washington Russel Burbanks, Colorado Red McClures, Wisconsin and Michigan whites, North Dakota cobblers, and Florida Bliss Triumphs with varied quality and sales activity.
New York on December 30 reported record highs across all positions in the sugar futures market as outside buying surged. March rose from 2.95 to 2.98 and May from 2.99 to 3.03, closing near these levels at the final hour.
Call money steady at 1 percent all day and prime commercial paper at 3 to 4 percent. Time loans unchanged with 60 days to 6 months offered at 1 1/4 percent. Bankers acceptances steady. Rediscount rate at New York reserve bank remains 1 1/2 percent.
Butter in Chicago remained steady at 4352 pounds with prices unchanged, while eggs unsettled with a large volume of receipts. A 103 year old Frederick Jackson of Sidcup plans his tombstone and next birthday, and Clay county Kansas farmers could not capitalize on higher egg prices due to feed shortages.
New York markets rose on December 30 as investors absorbed year end tax selling while advances in steel, rails, oils, copper and utilities led. Prominent gainers included U S Steel, Bethlehem, Chrysler, General Motors and Exxon. Copper demand remained strong abroad and oil prices were buoyed by optimistic forecasts for rising year ahead.
Chicago on December 30 reports live poultry in one car and 72 trucks with unsettled prices. Hens and roosters across Leghorn Plymouth Rock White Rock and mixed colored breeds show varied weights and price ranges for live and dressed birds. Turkeys ducks geese capons and small white and colored birds are listed with prices by weight and type.
Dr Robert J Anderson of Yale unveiled a new wax from tuberculosis germs at the AAAS meeting in Atlantic City. The wax numbered 35 in a series and welds healthy cells into tubercle growths, a difference noted between human and bovine tuberculosis.
Classifieds outline want ads, auctions, and notices in Monroe Louisiana. A stockholders meeting for Monroe Grocer Co Ltd, a city bid for electrical capacitors, and a state foreclosure sale for Hammett A Brownlee et al are listed with dates January 6 1937 January 11 1937 and January 2 1937 respectively.
Regular stockholders meeting of The Ouachita National Bank in Monroe scheduled for January 12 1937 at 10 AM in the Directors Room to elect a Board of Directors and handle business. A second meeting at 3 PM will discuss the Liquidating Committee report and contract extensions between The Ouachita National Bank and Bank of Monroe and related affairs. Also notice of Sheriff’s Sale in the Fourth District Court in Ouachita Parish with sale on January 9 1937 of multiple parcels on Texas Avenue Ouachita Avenue and adjacent blocks as seized property of Marguerite L Morris with cash terms and appraisement.
Lost small brown and white fox terrier puppy on DeSiard Sunday night. Reward if found. Contact 3297-M. Also missing Boston screw tail bulldog named Nappy wearing a harness. Call 4140 or 483 after 6 pm. Card of thanks from P Williams and family for kindness after death of wife and mother Oler Williams.
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