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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 31, 1934
Page
8
New Orleans cotton bids edged up as London and Bombay demand supported gains. March to October prices ranged from 12.58 to 12.85 with late-day firmness and a net 2 to 5 point advance, while exports reached 55,778 bales. spot cotton closed steady with prices up 3 points on sales of 1,799 bales.
In New York on December 31, cotton futures closed steady after a day of narrow fluctuations. Active months rose briefly by 3 to 5 points on foreign buying and domestic demand, then retraced with hedging and realizations. March traded around 12.70 and July near 12.83, with spot middling at 12.85.
In New York on December 31 cottonseed oil futures closed steady with spot prices unquoted. January at 10.90, February 10.70, March 10.78 to 10.79, April 10.80, May 10.89, June 10.90, July 10.94. Sales totaled 117 contracts, 14 switches. In New Orleans prime yellow 10.40 to 10.55 and prime crude 9.75. January 10.42, March 10.50, May and July 10.72.
Sugar futures in New York eased on year end selling by traders after gains from Cuban and commission house buying. January contracts slid to 1.88 and September to 1.97 as hedging against new crop supplies appeared. The market closed irregular with notable activity totaling 15 150 tons and the new No 3 contract to start January 2.
In New York on December 31, call money held steady while bankers' acceptances shifted across terms. Prime commercial paper quoted at 3 to 4, with regulatory notes from the New York Reserve Bank at 11 2 percent. Two sailors drowned when a ship in the Black Sea was paralyzed in a recent incident.
New York traders closed 1934 with cautious optimism as stock prices edged up fractions while bonds rose sharply. Volume neared 1 million shares as shares like Coca Cola and United States Smelting posted notable gains in a quiet year end session.
NY stocks steady with steels and utilities improving while bonds stay firm and rails in demand. Curb higher, utilities harden. foreign exchange quiet. sterling and gold bloc higher. Cotton quiet with buying. sugar steady with Cuban support. coffee quiet. Brazil markets steady. Chicago wheat irregular. corn firm. cattle steady to weak with top at 10.85. hogs up 25 to 50 cents, top 7.55.
Wheat and corn opened lower in Chicago trade with May wheat at 99 5 8 to 3 4 and May corn at 89 3 8 to 1 2. Prices then shifted with mixed closing for other grains as oats rose and provisions gained 15 to 35 cents.
The report lists foreign exchange quotes in dollars and cents for Great Britain and other currencies. It includes demand and cable rates for Britain, France, Italy, Belgium, Germany, Holland, Norway, Sweden, Denmark, Finland, Switzerland, Spain, Portugal, Greece, Poland, Czechoslovakia, Jugoslavia, Austria, Hungary, Romania, Argentina, Brazil, and several others. It notes Tokyo Shanghai Hong Kong and Montreal cross rates with N-Nominal.
Chicago livestock market report shows hogs up 25 to 50 cents with 22 000 head, including 8 000 direct. Slaughter pigs 5.00-6.50, sows 6.50-7.80, feeder weights 200-350 lbs. Cattle with 13 000 head, steers 7.25-11.00 for 550-1500 lbs, heifers 6.00-8.00, cows 3.00-7.15. Lambs 7.85-8.60 for 90 lb plus, ewes 2.75-4.00.
The notice lists classified ad categories with group headings and numeric codes for quick reference. It details minimum charges per line, per line rates for multi line runs, and telephone order accommodations for want ads with closing times for Morning World and News Star.
Brief tan case missing from an automobile marked H. J. M. O. The finder should return it to Virginia Hotel for a reward.
An informed source says President Roosevelt approved a $445 million increase for the war department for the next fiscal year but cut the army expansion and air corps plan. The army would remain at 165,000. air corps expansion to 2,320 planes would stretch over five to six years, with only 500 to 600 planes funded next year. Also part of the army’s request for $17 million for motorization and mechanization is reportedly approved.
Live poultry prices in Chicago show quiet trading across categories. Hens weigh 41 2 pounds and up 16. leghorns 13. roosters 10. turkeys and ducks listed with various weights and prices. dressed turkeys for young and old toms and hens range 21 to 26 1 2 pounds for No 2.
Representative Carpenter of Kansas urged a permanent salary cut for Congress from 10000 to 8500 a year arguing economy should begin at home and said he was preparing legislation.
Prices for butter and eggs in Chicago with various grades and classes. Butter set at 7 887 steady with ranges from 27 3 4 to 32 1 4 for different grades. eggs at 2 942 firm with extra firsts at 31 1 2 and local 29, plus other receipts and refrigerator grades reported.
A local dealer advertises a lineup of classic cars including a 1928 Chevrolet Coach a 1929 Essex Coach a 1929 Chevrolet Coach a 1930 Buick Sedan a 1928 Ford Roadster a 1929 Ford Coach a 1928 Chrysler Coach a 1929 Dodge Sedan with notes see us before you buy and terms offered.
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