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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 31, 1940
Page
7
New Orleans markets show spot cotton steady with gains of three points. Sales total 1,622 with low middling at 9.06 and good middling at 10.66, receipts reach 535,990 as prices advance across contracts amid active trading.
New York reports the cotton market climbing as demand from mills and traders supports the new season highs. Final prices advance 4 to 7 points with futures trading across July, October, and December as selling largely comes from houses offering cotton on a tip.
Moderate activity in Liverpool spot cotton with prices up 14 points led by American strict good middling at 9.37 and other grades advancing. Futures closed 13 to 15 points higher with May near 6.27, July 8.22, and October quoted higher.
New Orleans December 31 firm closing for cottonseed oil with bleachable summer yellow 545 nominal and crude 487 1 2 bid. January price 5.40b, S.64b, May 5.735, July 5.82b. id.
Potatoes arrivals and on track shipments listed by region and grade. Idaho Russets and Colorado varieties show prices from 0.5 to 1.75 per unit with U S No 1 and washed grades noted. Northern states report mixed offerings and limited sales with prices around 1.00 to 1.60 per bushel or crate depending on grade and processing.
Sugar futures in New York finish the year with net gains of up to 3 points amid Cuban pro interests. January contracts trade around 1.90 to 1.99, raws at about 2.95 cents and 2.99 with duty frees. Refined steady at 449, No. 3 up 2 to 4, No. 4 up 1-2 to 1-1/2, with sales totaling over 30 thousand tons.
Chicago dealers posted live poultry prices for December 31. Hens over 5 pounds sold easily, Leghorn hens 11 to 12 pounds showing 4 pounds up, colored birds under 4 pounds at 19, under 4 pounds. White Rock geese 12 pounds down 13, over 12 pounds. Other prices unchanged.
Authorities clash over the origin of the sweet potato with two camps arguing tropical America or the East Indies. The debate centers on botanical history and culinary uses.
New York reports cotton higher as trade and mills buy while metals ease on export demand. Wool prices improve with trade support. Chicago wheat firm and higher with mill buying, corn up in step. Hog prices fall 15 to 20 cents, slow demand. cattle weak to 25 cents lower, steady to slow overall.
New York stock market opens New Year on cautious note after three session rise. Some issues hit new highs while others retreat. volume about 1,000,000 shares. Sav age Arms and American Telephone among leaders, U S Steel and Chrysler lag. Bond and commodity markets steady as traders anticipate holiday recess tomorrow.
Chicago grain markets opened steady with wheat and corn futures showing small gains. By noon Wheat May at 8 3-4, July 81 1-4, corn May 63 to 62 7-4, trading slowed after opening.
Butter receipts total 661 088 with easy creamery grades. Prices quoted 93 score 32 3 4 to 33 1 4, 92 32 1 4, 91 31 3 4 to 31 1 4, 89 30 3 4, central prices 31 3 4 to 32. Eggs receipts 13 424 with easy fresh graded extra firsts 23. Current receipts 21 1 4, other prices unchanged.
Baton Rouge officials said Great Britain may use 1940 surplus Louisiana license plates, weighing about a pound per pair. Revenue Director Rufus Fontenot announced the offer and British Consul-General D J Rodgers responded, forwarding the proposal to the British purchasing commission in New York. Plates would be delivered to the designated city. unused plates have typically gone to junk dealers.
Kiwanis clubs of Monroe West Monroe Bastrop Rayville and Rus will hold their annual district meeting at Hotel Virginia Thursday at 730 p.m. Ladies night will be observed and reservations show at least 200 in attendance. District governor and officials will attend with an arranged program.
Multiple cases list sheriff sale dates in January 1941 for Ouachita Parish Louisiana. Properties include Arent subdivision Lot 19, Block 5. various parcels in West Monroe. large land tracts totaling hundreds of acres. and a 1936 Chevrolet Truck. Parties include Abe Arent, Ruth Roye, Home Owners Loan Corporation, and Linnie Marshall among others.
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