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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 01, 1933
Page
9
The cotton market eased early with July 9.02 and December 9.42 before a late rally lifted July to 9.15 and December to 9.57. Prices closed steady with small daily declines. Spot cotton closed steady seven points down as sales reached 1,028 while stock stood at 942,677.
New York June 19 1947 cotton futures opened lower on easier Liverpool cables and favorable crop weather news then rallied on renewed buying before slipping, with the mid afternoon market barely steady and overall declines of 2 to 3 points. July at 9.1292, October 9.370 954, December 9.530 947, spot middling 9.25.
Liverpool notes cotton values with 15 000 bases including 1 400 American Spot quiet and prices down seventeen points. Quoted levels include American good middling 7.03 and strict low middling 6.13. Futures closed steady with July 6.05 and later months around 6.04 to 6.15.
New Orleans June 1 report shows cottonseed oil closing steady with summer yellow at 4.85 to 4.95 and prime crude at 4.00 to 4.10. Futures listed: June 4.80, July 4.85, August 4.92, September 5.03, October 5.08, November 5.15, December 5.27.
New York June 1 futures for bleachable cottonseed closed steady. Spot prices quoted at 5.25B for June, 5.25B for June, 5.20B for July, 5.30B for August, 5.45B for September, 5.228B for October, and 5.58B for November, 5.64B for December. Three contracts sold. B Bid.
Butter prices steady to weak with top creamery specials at 21 1 2 to 22 underscoring 93 score. Extra firsts 20 1 2 to 3 4 cents, firsts 18 1 2, 2 1 2 to 3 4 cents. eggs total 46 548 with current receipts 10 1 4 and storage packed firsts 12 1 4 cents.
New York stocks stay firm while metals and rails rally on lighter volume. Bonds and secondary rails advance. curbs firm and oils hold strong. Foreign exchanges steady with the German mark heavier. Cotton and sugar soften on weak demand. Coffee steady. Chicago wheat mixed. corn firm on lower acreage estimates. Cattle steady. hogs steady to 10 cents lower, top $4.95, slow trading.
Chicago price brief notes material setbacks in grain values on Thursday with wheat opening 3-4 to 1 3-8 down before firming. corn slipping 1-2 to 1-8, later sagging. oats 3-8 down, provisions 7 to 12 cents lower. Wheat ends 1-4 off to 1-4 up from Wednesday. corn and oats show mixed late moves.
New Orleans reports mixed fruit and vegetable prices with artichokes peppers and squash weaker while peaches, Georgia plums, Winesap and Delicious apples hold. Florida oranges, avocados, watermelons, beans, cucumbers, peppers, squash, okra, and tomatoes across several states show varied per unit costs. Wednesday shipments include Louisiana potatoes and tomatoes, Mississippi tomatoes, potatoes, and mixed vegetables among other items.
Hogs total 23 000 with 9 000 direct sales, prices steady to slightly lower. Pigs 100 130 Ibs 3.65 4.15, 200 250 Ibs 4.75 4.95, 250 350 Ibs 4.70 4.90. Cattle 6 000 and calves 2 500, steers 500 900 Ibs 5.75 7.75, 1100 1300 Ibs 6.00 7.75, 1300 1500 Ibs 5.75 7.50. Sheep 7 000, ewes 90 150 Ibs 1.50 3.00, lambs 90 Ibs down 7.00 8.00.
Foreign exchange quotations show Great Britain at 3.99 3-4 for demand with cables 5.99 7-8 and 60 day bills 3.98 3-4. France at 4.67 1-2, Italy 6.17, Belgium 16.60, Germany 27.75, and other currencies listed with varying buy and sell figures across nations and cities including Tokyo, Shanghai, Hongkong, Mexico City, and Montreal exchanges.
USDA notes U S potato shipments and prices with 72 on track 178 total shipments 583. Wisconsin round whites quoted 85 cents to 1.00, Idaho Russets 1.50 to 1.75, few higher. Alabama Louisiana Triumphs 2.35 to 2.40, some 2.50, Mississippi Triumphs 2.35. New stock firm and trading moderate with moderate supplies. Decayed stock 2.15 to 2.30.
Poultry in Chicago on June 1 shows live offerings from 45 trucks with hens at 11-2 and Leg horn hens around 10. Roosters bring about 8 1 2, turkeys 10-12, spring ducks 8-10, old stock 1-8 1-2, geese 7, Leghorn broilers 13-14 16-20, colored 15-18.
New York stocks opened June firm with profit taking mixed in. A late rail rally steadied the list as copper climbed to 8 cents a pound the highest since 1931, lifting related oils and metals while overall equities held near steady with various sectors advancing.
The Louisiana highway commission faced reforms as bonds tied to gasoline taxes eclipsed operating needs. Former Treasurer H B Connor kept the system afloat by funding minimum operations while bond and interest payments loomed. A costly right of way division faded after the 1932 primary, with over 3,000 layoffs and seven salaried attorneys in the legal wing, reshaping state road finance.
Sugar futures began the day with 3 to 5 point declines in New York but later recovered. July contracts rose to around 1.50 while September moved to 1.52, with the market at 2 p.m. showing gains of 1 to 3 points. Close was barely steady, with sales of 22,600 tons and nearby prices ranging from 1.47 to 1.50 in July and 1.58 to 1.70 across several months.
Call money steady at 1 percent for most of the day. Time loans show modest yields with 60-9 days at 1, 4 months at 1, 5-6 months at 11-4. Prime commercial paper quoted at 13-4. Bankers acceptances ease with 30 days 1-2 to 3-8, 60-90 days 1-2 to 3-8, 4 months 3-4 to 5-8, and 5-6 months 1 to 7-8. The rest notes include a quotation about Emerson and drought irrigation in Death Valley.
The Farmers National Grain Corporation begins a new fiscal year with optimism for large profitable operations. It expects to handle 180 million bushels similar to last year, driven by rising membership across major wheat states now about 300 000 farmers. The stabilization corps likely will not enter the market again. William F. Stahl notes the goal is to secure the highest return for farmers.
Vivian Henry daughter of Mrs. E. J. Allen of 204 Pine Street West Monroe died Thursday morning after a 10 day illness from double pneumonia. She was office manager of the W T Grant store and lifelong Twin Cities resident. She is survived by her mother and step father Mr and Mrs FE J Allen and sisters Christine Henry and Ernestine Allen. Funeral Friday at 9 am at the residence with burial in Mt. Nebo cemetery.
Court announces jurors drawn to serve as Petit Jurors for the Fourth District Court of Ouachita Parish Louisiana beginning June 12, 1933. Names include Webb Goodlett Ward 5 Herbert Rinehart Ward 5 and C G Lindley clerk witness list.
In Boise City Oklahoma on June 1 a perfectly preserved Indian mummy from the basket weaver era was discovered in a cave near Black Mesa by Keyes teachers. The body lay doubled on its side beneath a heavy rock.
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