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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 30, 1938
Page
9
In a tight session liquidation and price trends ended steady with futures up 2 to 4 points. Spot cotton in New Orleans closed 3 points higher with low middling at 1.50 and middling at 8.65, receipts 1,825 and stock 721,252.
Early cotton advances on foreign demand remained, but activity dwindled in late trading. Prices held around 8.40 in mid afternoon, with the list showing 2 to 4 points net.
The report notes American demand in spot markets easing as prices fall across bases. Quotations list strict good middling at 5.95, middling 5.60, strict middling 5.25, strict low middling 4.50, strict good 4.05, and good ordinary 3.70. Futures closed unchanged to 1 higher with Jan 491, Mar 489, May 484, July 4.72, Oct 4.06.
In New Orleans the cottonseed oil market remained steady with bleachable prime summer yellow at 1.30 nominal and crude at 6.12 1 2 to 6.37 1 2. Prices for futures show January at 690b March 7.10b May 7.18 and July at 1B. Bid entries noted.
USDA report shows 94,000 head with 12,000 direct, demand active for 200 lb cattle while weights ease. Top hogs reach 1.90. cattle steady to lower with best steers near 10.00, beef cows around 6.25, calves soft, sheep steady with slaughter figures around 4, or 75 to 4,25.
The text lists poultry prices with various weights and items such as hens ducks geese and turkeys, then abruptly shifts to mention a Confederacy of Indians and a League of Nations composed of Cayugas Onondagas Mohawks and others. The fragmentary note includes Ply land White Rock ducks Pup white small white K-14 and unrelated league reference.
The market retreated from yesterday's rally with profit taking and tax selling. Some rails, amusements and specialties rose modestly while aircrafts, steels and motors faded. Curtiss-Wright and others posted small gains as investors eyed the coming market recession and held cautious optimism. Moving picture stocks drew attention on improving box office receipts nationwide.
Chicago wheat prices fell to 69 in May and 68 1 2 to 68 3 4 in July as Liverpool quotes edged lower. Corn opened steady to down 1 8, finishing May at 52 3 4 to 7 8 and July at 53 3 4 to 7 8, while oats held steady to off 3 8.
In New York trading, the domestic sugar contract slipped as commission houses sold off to counter Cuban buying. The world market stayed quiet and steady with September No. 3 at 2.04 and March 1.91, and March No. 4 at 115 1-2 with September 1.17, little change in midafternoon trading.
Butter 841,422 pounds, weak. creamery specials 26 1-4 to 1-2, extras 92 cent near 26, firsts 25 3-4 to 25 1-2, standards 26. Eggs 6,488 cases, steady. refrigerator extras 22 1-4, standards 22, firsts 21 1-2. Other prices unchanged.
In Hamilton Montana a tick found on a rabbit last July by Professor J C Brown of Texas College of Arts and Industries is announced as a new species by R A Cooley of the U S Public Health Laboratory. The tick may help answer questions about typhus fever as Hamilton’s lab studies tick borne diseases. There are more than 6000 women doctors on England's medical register.
Cape Cod detective Asty Mayo probes Marina Lorne's murder amid a web of secrets at Oc tagon House. Marina's past includes a hidden marriage to Tim Carr and a crashed romance with Roddy Strutt. A mysterious ambergris stash and a belligerent barn fire heighten the peril as authorities close in.
In 1918 Phoebe Atwood Taylor tale, Asey chases a shadowy intruder after a barn fire while Timothy Carr and Aaron Frye vanish. The hunt through reforested pines and dim twilight tightens, as the trio scrambles to locate Aaron before dawn.
Secretary Ickes reports the Works Progress Administration and the Public Works Administration show differing impacts on unemployment. WPA spent most on labor with small shares for material and admin costs while PWA relies on federal funding blended with state and local contributions to start projects.
A dense list of classified ad categories and rates from the Monroe News-Star and Morning World. It outlines sections for employment, real estate, automobiles, services, misc items and more with price and classification codes typical of a daily paper classified page.
Horace Bixby recalls Mark Twain in river lore on the Mississippi. Captain Jones now masters the Natchez UI steering between New Orleans and Memphis with stops at Vicksburg Greenville Baton Rouge and Helena. The J M White and Kate Adama are named boats in river history.
Bureau of Labor Statistics estimates link durable goods purchases to labor, with each dollar equating to one hour of direct labor by one worker and 23 hours of indirect labor in benefiting industries. The data cover iron and steel products cement and related materials.
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