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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 02, 1937
Page
10
New Orleans June 2 spot and futures closed steady with modest gains as July through May contracts posted increments of 1 to 4 points. July 12.64, October 12.68, December 12.79, with spot sales 489 and quality rates top at 13.59 for good middling. Exports for the day 2,624 bales.
The average price of middling cotton today at 10 southern spot markets was 13.02 cents per pound. The 30 day average stands at 13.03 cents per pound.
Futures closed steady with 2 to 4 point gains in July through May contracts. July 12.75-76, Oct 12.70, Dec 12.68-69, Jan 12.69-70, March 12.74, May 12.77. Spot middling 13.25. Open high low last quotes shown for each month.
Liverpool market records 6,000 bales with 5,690 from American sellers. Quotations rise across grades from good middling to strict good ordinary with values quoted. Futures closed quiet and steady for July October December January March contracts.
Chicago market report shows live poultry steady with 46 trucks. Hens over five pounds at 13 1/2 to 17 1/2. fryers and colored varieties 21 to 24 with barebacks 18 to 21. Turkeys and ducks priced per weight. geese at 11.
New York stocks hold firm as prices rise in quiet trade with bonds mixed and U S loans down. In Chicago, wheat lifts on bullish crop data and improving demand while corn gains early before closing near daily limits. oats drop modestly. Cattle stay steady and hogs ease slightly.
Chicago June 2 livestock report shows hogs uneven with slight declines from Tuesday, packing hogs steady, top hog around 1175 with 200 to 300 lb bulk. Cattle and calves mixed, vealers steady, weighty steers and heifers near prior levels. sheep and lambs higher with fat lambs and ewes improving. Texas bred stock steers noted, native stockers easing from Tuesday.
A Chicago market update notes shipments and stock levels for U S No 1 and No 2 potatoes. Prices vary by variety including Colorado Russets California White Rose and Louisiana Bliss Triumphs with weaker demand and light supplies overall.
In New Orleans on June 2 prices for bleachable prime ostimimer yellow and prime crude show stable bids with July at 44.5, September 46.0, October 94.0, December 94.2 and January 9.43. In New York on June 2 futures closed steady with some declines. July 9.95, September 9.96, October 9.97, December 9.94 and January 9.95, with 11 contracts traded and six switches.
Call money steady at 0.5 percent, commercial paper prime at 1 percent, time loans steady with 60-90 day 1 to 4 percent and 4-6 month 1 to 2 percent. Bankers accepts unchanged. New York Reserve Bank rediscount rate at 11.2 percent.
Hog market opened ten cents lower than Tuesday average with top at 9.60 and various weights priced from 5.75 to 9.60. Cattle market steady with good corn fed steers and heifers at 6.00 to 7.50 and beef cows from 3.50 to 4.25. No one ever has caught a mature feel at sea.
New York stock activity steadied as traders weighed a milder Spanish crisis and earlier gains. Leaders such as U S Steel, Bethlehem, General Electric and Ford showed interest while some issues cooled after the morning rise. Trades ran about 500000 shares with bonds steady and currencies narrow.
New York foreign exchange rates show steady demand for British and European currencies. Rates list Britain at 92 3-4, France 445 1-2, Italy 226 1-40, Belgium 16.85, Germany free 40.13, Japan 28.70, Mexico City 10.03 1-8, and Switzerland 2283 1-2 with mixed cables and bids across major currencies.
Trading in New York sugar futures showed slight changes with contract notes no. 2 and 3 steady or higher amid mixed volumes. The market displayed minor shifts across July September and November positions with prices around 245 to 238 per unit and 3,200 tons sold in the day.
M B Depass city architect reports May permits total value at 358,878 with 147 permits issued, up from April's 230,796 from 120 permits. The notice cites bid opportunities for Monroe city items and multiple sheriff sale notices across Ouachita Parish with public auctions set in June.
Multiple sheriff sales and partition notices list properties in Ouachita Parish Louisiana. Items describe real estate in Monroe and nearby areas, with parcels in Square Six and various townships to be sold to satisfy writs and against defendants. Dates span May through June 1937 with terms cash and no appraisement.
E. R. Strahan reports about 500 Quachita parish farmers have signed cultivation work sheets for the 1937 agricultural conservation program. Most signatures occurred in May and participants must bring last year’s cotton records and crop acreages to Strahan’s courthouse office. Last year 600 farmers took part and received over $75,000 in federal payments.
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