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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 01, 1936
Page
9
Cotton futures closed with gains of 2 to 3 points as drought in the eastern belt spurred speculation on new crops. July held near 11.52 while October 10.58 and December 10.49 to 10.50. spot prices remained steady with sales 1,082 and a stock of 379,511.
The market showed slight gains amid unfavourable eastern belt weather with futures ending 2 to 9 higher. Open to close data lists July to May contracts with last prices around 11.50 to 11.66 and spot middling at 11.79, indicating firm tones despite quiet session.
In New Orleans on June 1 bid data show steady Cottonseed oil prices with bleachable prime summer yellow at 840-40 and prime crude at nominal levels. Contract quotes posted for June through December reflect modest shifts from 8.32B to 8.34B with December at 8.18B.
Bleached cottonseed futures in New York on June 1 closed steady with July at 8.89, September 8.80 with a balance at 8.70 for October. Total sales 21 contracts including two switches.
The report lists domestic and international currencies with bid and ask figures. Great Britain rates around 4.997-8 for dollars, France 6.583-8, Italy 17.87 with cable 7.87, and numerous other nations including Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Spain and more. The piece notes Montreal New York pairs and nominal designation N-Nominal.
U S Department of Agriculture report shows hogs at 19 000 with steady to higher bids up to 10 20 for top 10 20 weights. Cattle and calves 15 000 2 500 with weighty steers weak to 25 lower and yearlings steady while heifers stay flat. bulls 6 25 down to 7 50. Sheep 5 000 market steady to weak with spring lambs unevenly lower and ewes around 3 00 to 4 75.
Chicago reports live poultry pricing with hens at 5 pounds and over to 17 1 2 pounds, Leghorn hens 15 1 2, Plymouth Rock fryers 24, White Rocks 25, colored 23, Plymouth and White Broilers 24, colored 23, roosters 13, Leghorn roosters 12 1 2, hen turkeys 17, toms 16, turkeys No 2 14, heavy ducks 12, small ducks 10 11 2, geese 9 1 2.
New York reports a firm stock upturn with steels rails and bonds improving while government issues hold steady. Curb returns rise selectively as foreign exchanges stay quiet and gold currencies edge up. Cotton holds firm on poor weather in the eastern belt. Sugar rises with commission houses buying. coffee weak due to weak Brazilian markets. Chicago notes wheat firm on crop uncertainties, corn down on large receipts, cattle steady to 25 lower, hogs steady to 10 higher with a top of 10.20.
Quiet buying and careful demand pushed steels rails and specialties higher while utilities lagged. Leading gainers included U S Steel Bethlehem National Steel and Youngstown Sheet amid a steady bond and currency market and a 759000 share transfer volume.
USDA reports Potatoes 249 on track 37 percent, total U S shipments Friday 558, Saturday 563, Sunday 55. Sacked stock mixed with Bliss Mississippi, U S No 1 prices 3.75 3.85, Alabama 3.75 9, Louisiana 3.85 3.95 washed stock, Idaho russets stronger 3.85 4.00, Minnesota round whites 1.75 2.00, North Dakota Ohios and cobblers 1.75 2.15 with moderate supplies and demand.
Butter steady at 15 751 with creamery specials 93 score 271 4 3 4 extras 92 263 4 extra first 90 91 261 4 1 2 firsts 88 89 991 2 26 standards 90 cen tralized carrots 263 4 Eggs 38 989 easy extras local 20 cars 201 2 fresh graded firsts local 191 2 cars 80 current receipts 181 2 storage packed extras 211 2 storage packed firsts 211 4
Call money unchanged at 1 percent all day with prime commercial paper at 3 to 4 percent. Time loans steady with various maturities from 60 days to 5-6 months quoted, bankers acceptances unchanged. Rediscount rate at New York Reserve Bank 11.5 percent.
Chicago grain prices opened mixed with wheat showing gains after a uncertain start. July futures moved to 84 1/8 handling gains while September posted higher into the day. Corn opened slightly lower before adjusting and oats slipped, with provisions steady to higher.
Marina Mikhailovna Raskova, a young mother, earns a spot in the Russian military aviation school as instructor of blind flying, touted as one of the world's foremost experts, contrasting American views on women's fitness for arduous air duty.
In New York on June 1 sugar futures firmed after an inactive morning as buyers from trade and commission houses supported gains. July rose from 2.85 to 2.88, January from 2.59 to 2.60, with late gains around these levels. No. 3 futures closed steady to 3-4 higher with 3,250 tons sold.
Regional river data shows stage changes across stations including Memphis Shanita area, Vicksburg, Baton Rouge, Cincinnati, Nashville, Little Rock, Shreveport and Alexandria. Reports indicate multiple rises and falls with several readings near flood thresholds and notable river system connectivity.
Lost items such as dogs purses jewelry fur or articles not advertised in The News Star or Morning World may be reported to the Classified Department. A Loser Service Bureau provides free listings to help owners recover items. Also an ad invites transportation to Tech and promotes a daily horoscope game with postal order purchase.
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