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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 30, 1937
Page
9
Cotton moved in narrow circles with prices one point under the prior close. March 8.33, May 8.40, July 8.44, October 8.48. Exports at 18,151 bales. A late rally in stocks gave new buying. market closed steady with 5 to 6 point gains. Prev open highs lows and bids shown.
New York December 30 cotton futures hold steady as trade and local buying absorb liquidation and southern selling. March rises from 8.18 to 8.22, with futures closing 6 to 10 points higher, and spot middling steady around 8.35.
Cotton sales totaled 2 000 bases with 15 900 American. Demand was limited and spot prices rose 3 points. Quoted levels show American grades at 5.60 for strict good middling and 5.30 for good middling while futures closed steady with January at 4.65 and October at 4.84.
New Orleans on December 30 reports cottonseed oil closing steady with bleachable prime summer yellow at 6.95 nominal. Prime crude ranges 5.75 to 5.37. Futures notes show May at 6.68b, June through October varying around 6.68b to 6.77b with July 6.73b and Sept 6.75b.
Sugar futures were quiet with No 4 steady on cover and trade buying, aided by London firmness. No 3 was barely steady amid lingering spot market selling. May No 4 rose to 1.20, September 1.23 while No 3 March held near 2.36 and September 2.30, with 990 tons sold.
Liverpool quotations higher than due aided a moderate upturn in Chicago wheat as Australians kept offers dearer and Russian port shipments were scarce. May corn and oats showed gains while wheat futures finished near opening levels with modest to no net change from yesterday.
New York trading closes with firmer stocks and bonds. Armament and metal sectors rise as U S loanship, curb, aircrafts, and chemicals buy. Foreign exchange slips, cotton and sugar firm, coffee up on European demand. Chicago wheat steady with export prospects. corn firmer on European demand. cattle and hog markets soft due to ample supplies.
War materials stocks led the market gains as defense spending expectations buoyed steels aircraft and related shares. Trading stayed cautious ahead of Congress opening and a forthcoming presidential message as brokers weighed Ickes’ anticipated hard line against big business. About 900000 shares changed hands in five hours.
New York trading on December 30 shows war materials stocks driving early gains as steels and aircrafts rise while motors rails and utilities lag. Despite minor pockets of loss, overall index movement slows near midday amid holiday factors and expectations of government policy remarks.
hog market opened 10 to 15 cents lower with top 6.40 for 180 to 210 pound corn fed hogs. lighter weights 5.40 to 5.90. sows 3.00 to 6.00. medium grades discounted. cattle steady with corn fed steers 6.00 to 7.00. grass cattle 4.50 to 6.00. yearlings 4.00 to 5.50. canners 2.00 to 2.50. veal top 8.25 for 150 to 200 pound calves. weights and prices detailed.
In Chicago on December 30 poultry market data shows live poultry with 1 car 41 trucks and firm prices for hen turkeys at 26 1 2. dressed market remains firm with unchanged prices.
New York Dec 30 All American Canadian and European exchanges will be closed Saturday for New Year’s Day. In New York Friday markets run half day with coffee sugar and cottonseed oil trading ending at noon. Chicago Board of Trade and U S grain exchanges and New Orleans cotton exchange close at 1 pm Friday. European markets stay open full day Friday.
Notice announces the regular annual stockholders meeting for Ouachita Cotton Mills on Wednesday January 5 1938 at 3 PM in the Bernhardt Building office for electing a Board of Directors and other business. Secretary H L Rosenheim Monroe December 30 1937 January 3 4 1938. Police Jury Proceedings Monroe Louisiana Ouachita Parish December 8 1937 convened in the Police Jury Room Court House Monroe Louisiana. Present J L Warren President Messia W J Vinson A.
The Ouachita Parish Police Jury addresses minutes, insurance distributions, flood control representatives for Washington, liquor ordinance appreciation, and multiple road and equipment funding measures. Delegates chosen, bids opened, and ordinances 3087 through 3099 adopted or declared, covering road maintenance, emergency purchases, and a 1938 budget.
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