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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 31, 1935
Page
9
In late trading New Orleans on December 31 futures edged higher by 7 to 15 points as March and other months showed gains with hedges lifted. Trading slowed ahead of holidays with some buying in distant months and a steady close across contracts. Spot cotton held steady with minor gains.
Pre holiday trading showed firmness in the market with near month positions holding firm on trade and steady closing levels. Prices ranged around the listed figures with mixed gains and losses as the session ended and wholesale activity softened toward year end.
Fragmentary OCR item records oil price figures in New Orleans with mixed digits and symbols. The readable parts show a price around 9.95 to 10.15 with related timestamps and quantities, but details are unclear.
New York stocks closed the year with a firm upturn led by aircraft and industrial specialties rising 1 to 4 points. Transfers were about 2.35 million shares as investors faced profit taking and awaited Morgan and congress signals for direction.
New York stocks strong with demand for aircrafts and specialties. bonds firm. rail and unity issues rally. Curb highest. mining shares and specialties advance. foreign exchanges mixed. gold currencies higher. Cotton irregular. sugar and coffee firmer. Chicago wheat higher on export buying. corn firm amid better shipping demand. cattle firm to 25 higher. hogs down 10 to 25 with top at 9.75.
Chicago wheat advanced early aided by higher Liverpool quotes. May wheat opened about 1.01 1/4 to 1.01 1/2, closed 1.01 1/2 to 5/8. May corn rose to 60 7/8 to 61, oats slipped 1/8 while provisions moved between 20 cents down and 2 cents up as markets steadied.
Hog runs near 20 000 with 4 000 direct, prices 9 75 to 9 65 for 140 to 190 lb hogs and up to 9 75 for larger weights. Cattle and calves about 6 500, steers steady to 25 higher but quality plain, killing cattle firm, cows steady, bulls up to 25. Sheep around 7 000 with natives and western lambs mostly steady to higher, yearlings easing.
New York reported irregular foreign exchange with Great Britain at 4.03 dollars to the pound on demand, 4.93 on cables, and 4.92 for 60 day bills. Other currencies listed include France 6.61 7 8, Italy 8.06, Belgium 16.86, Germany 40.25, Holland 67.97, Japan 28.82, Mexico City 27.85, and Montreal 99.43 3 4 to 100.56 1 4. nominal rates noted.
Fourth Judicial District Court in Ouachita Parish Louisiana issues a writ of seizure and sale in case 24 162 Federal Land Bank of New Orleans versus E R Gray. The sheriff will auction 352 acres described as sections in township 18 N range 2 E with a double bridge road exception, cash and without appraisal. Public sale at courthouse front door during legal hours.
Chicago December 31. Potatoes on track 164 total U S shipments 549 steady supplies moderate demand slow. Idaho russet Burbanks U S No 1 1 90 1 95 few 2 00 U S No 2 few sales 1 40. Wisconsin round whites U S No 1 1 15 1 25 North Dakota cobblers U S No 1 few sales 1 25. Early Ohio s U S No 1 few sales 1 35. Bliss Triumphs fair quality 1 20 Colorado McClures U S No 1 1 42 1 2 to 62 1 2 Nebraska Bliss Triumphs U S No 1 1 40.
Live poultry across 23 trucks shows steady values with hens under 4 1 2 pounds at 22 to 25 cents, Leghorn hens 18 cents, Plymouth Rock and White Rock springs 25, ducks 21 to 24, geese 17 to 18, capons 27, and No 2 turkeys at 22. Dressed turkeys also steady with young hens 28 and old 26, toms 18 pounds up at 27, under 12 pounds at 28, old 23.
Butter and eggs move in Chicago with butter at 8.797 firm for creamery specials about 34 1 2 to 35 for extras. eggs steady at 4.903 with extra firsts 26 and current receipts 22 1 2.
Call money remains steady at 3 to 4 percent all day with prime commercial paper at 3 to 4 percent. Time loans for 60 days to 6 months offered at 1 percent. Bankers' acceptances unchanged and the New York reserve bank rediscount rate held at 1.5 percent.
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