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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 31, 1936
Page
7
New Orleans POBLEANS on December 31 reports a steady closing amid festive activity as spot and futures show mixed moves. Prices for nearby months hover around 12.30 to 12.50 with trading volumes for the day at 21,229 bales and the market set to close for Friday and Saturday per notices.
The report shows Liverpool market bases with 500 American moderate business. prices rise with gains. quotations list across grades including strict good middling 7.85 and good ordinary 5.78. Futures show January 6.82 and March 6.83, with December value at 6.85, noting the market will be closed Friday.
In Orleans on December 31 trade closed steady for cottonseed oil withbleachable summer yellow at 11.25 to 11.45, prime crude 10.00 to 10.25, January 11.00 bid, Meh 1.126, May 11.26 bid, July 11.29 bid.
Bleach tonseed oil futures closed January 11.50, March 11.59, May 11.76 11.77 with sales of 178 contracts. Market activity recorded on a year end session in New York.
Potatoes priced across districts with U S No 1 and No 2 grades showing variable demand. Idaho Russets and Colorado Reds steady to dull amid light supplies. Bliss Triumphs and Musset Burbanks quoted with mixed sales and partial grading. some regional notes include Wisconsin whites and Michigan rural types with modest activity.
Buffer And Eggs O December 31 Butter prices unchanged Eggs grades vary current receipts 27 baskets 26 refrigerator 1-4.
New York stocks mixed with declines in motors and steel bonds firm and foreign issues modestly up. Curb markets mixed, utilities strong, currency steady with slight sterling gain. Commodities show cotton quiet amid year end liquidation, coffee steady, sugar higher on buying interest. Chicago grains weaker wheat softness, corn firmer on slim receipts. Cattle favorable grades strong to top $13.40. hogs up 15 to 25 cents, top $10.65.
Chicago wheat futures opened strong with gains on higher Liverpool quotes and held near peak levels as May and July contracts rose. Corn futures followed with advances then consolidated. Hogs and cattle traded higher on shipping demand with tops reaching 10.65 for hogs and 13.40 for cattle. sheep remained active with fat lambs in demand and values climbing to around 10.00.
The market showed steady rates with Great Britain at about 4.913-16 dollars and 4.913-16 for cables. France at 4.671-8, Italy at 5.265-8, plus listed demand figures for Belgium Germany Holland Norway Sweden Denmark and others with numerous cross rates and city quotes.
Chicago December 31 live poultry markets show unsettled activity with gains for hens and various breeds. Leghorn and Plymouth Rock chickens, colored broilers and White Rock varieties rise, while turkeys and ducks move unevenly with capons up and smaller birds mixed. Dressed turkey prices hold a steady to declining trend with different weight classes noted.
Call money remains steady at 1 percent all day in New York with prime commercial paper at 3 to 4 percent. Time loans hold at 60 days to 6 months 1 to 1 4 percent. Bankers acceptances unchanged. rediscount rate at the New York Reserve Bank is 1 1 2 percent.
In Chicago Max Marek 185 1 2 pounds edged Billy Treest 185 1 2 in a 10 round bout. The card also listed Krist Charles 200 of Charleston W Va and Joe Melnickey 189 of Cleveland drawing in Fairmont West Virginia.
The New York stock market closed the year on a generally downbeat note as labor fears over motor industry strikes and year end cash tax selling weighed on leaders. Volume reached about 1.89 million shares with mixed gains in a few names such as Sugar, Ohio Oil, Great Northern, Union Pacific, and Philip Morris while major issue declines appeared in Bethlehem Steel and GM.
Washington December 31 Peter Henderson physical director for members of the house prepared a gym for a serious congressional session. Rules ban politics boxing and wrestling. The facility features a long soak salt bath electrical dry out massage and a harsh ice water spray for tired lawmakers.
Elusive Joe Cambria finally delivered Albany club papers to New York Giants for a reported 50 900. President Horace Stoneham sighed at the protracted talks as the team will move to Jersey City under a new management entity. Travis Jackson is slated for the managerial post.
Villanova and Auburn held their last hard workouts in Havana as they prepare for the New Year’s game at Tropical Stadium. Each team practiced dummy scrimmage kicking and passing drills and will taper with signal drills on Thursday. Coaches Clipper Smith and Jack Meagher said players are in good condition for the Cuban sports festival finale.
Governor Richard Leche and LSU head Dr James M Smith hosted about 25 Santa Clara supporters in Baton Rouge for a luncheon during their Sugar Bowl trip. Santa Clara officials and alumni leaders joined for casual talks about state buildings and university campuses. In New Orleans the Sugar Bowl officials hosted Santa Clara at a French Quarter restaurant, causing a festive mix up as guests arrived in Western wear.
Bryan M. Grant of Atlanta and Frankie Parker of Lawrenceville N J reach the Sugar Bowl final in New Orleans after easy wins. Grant defeats defending champion Arthur Hendrix 6-3 8-6 while Parker beat Martin Buxby 6-1 6-2 in the semifinals.
Freddie Lindstrom 31, recovering from a broken right arm, applies for reinstatement to return to the Dodgers or join another major league club or radio work in Chicago. He quit Brooklyn last May after salary disputes and now aims to resume his baseball career once cleared.
Texas Christian coach Leo Meyer worries over end scarcity and injuries ahead of New Year’s Day Cotton Bowl with Marquette. L D Meyer to replace Willie Walls at left end. Charlie Needham or others cover wing. Bob Harrell out. Harold McClure may not play. Forecast calls for clear skies and cool temps as Slinger Sam Baugh faces Buzz Build in aerial battle.
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