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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 03, 1935
Page
7
New York June 3. Cotton futures slid amid heavy selling and liquidation as traders weigh loan prospects for the 1935 crop. July fell from 0.81 to 10.64 with the market near mid afternoon showing losses of 25 to 36 points. futures closed 7-14 lower while spot remained quiet at middling 11.50.
Liverpool reports spot cotton in fair demand with prices down twelve points. American grades show strict good middling at 7.09 and lower levels to 5.26. Futures closed steady with July at 6.12 and later months around 5.8 to 5.89.
Bleach able cottonseed oil futures closed firmer in New York with July deliveries at 10 11, 12 and September at 10 13. October at 20 10 and December at 9 90. A total of 105 contracts were sold including 2 switches.
The Chicago market shows 14 000 hogs including 7 000 direct and 11 000 cattle and calvesTrade ranges include hogs 9 25 down sows 38 69 to 9 90 medium 200 250 lbs 9 85 10 10 heavy 250 350 lbs 9 65 10 00 and 100 140 lbs 8 50 9 50 Slaughter cattle and vealers steady to 25 lower with some classes down Cattle total 11 000 calves 2 500 Good and choice steers 550 900 lbs 9 75 12 50 900 1100 lbs 10 50 19 50 1100 1300 lbs 10 75 14 00 1300 1500 lbs 11 00 14 00 Vealers good and choice 101 00 Sheep 7 000 active spring lambs scarce yearlings 74 0 65 top 8 00 Slaughter sheep and lambs spring lambs good and choice 82 50 95 eoners 90 150 lbs good and choice 2 10 3 75
Chicago reports steady to slow movement in U S potato shipments from June 3 to 7. Wisconsin round whites fetch 0.70 to 0.65 per cent, Idaho Russets 1.35 to 1.45, Alabama Bliss Triumphs 1.35 to 1.50, Louisiana 1.45 to 1.35, Mississippi 1.60 to 1.50, North Carolina Cobblers around 1.69 and 2.75 for Wy. No. 1 and Cobblers. Demand and trading are moderate to slow with liberal supplies.
In New York on June 3 a better outside market and Cuba export-limit rumors spurred buying and local covering in sugar futures. July No 3 jumped to 2.26 while March rose to 2.14 or 9 to 14 points, closing firm and 11-16 higher with 46,550 tons sold.
Call money remains steady at 1-4 percent all day with time loans showing narrow offerings. Prime commercial paper trades at 3-4 percent while bankers acceptances hold, Rediscount rate at 11-2 percent by the New York reserve bank.
The 24 hour stage readings cover Memphis Natchez Vicksburg and Shreveport with rises and falls noted at points along the Mississippi and adjacent rivers. The report lists station changes and level figures for towns including Little Rock Nashville and Shreveport as well as Camden Monroe and Alexandria with multiple fluctuations.
New York stocks held steady with selective recoveries while bonds show irregular moves. Curb and specialties remain in demand as foreign exchange rises and gold prices advance. Cotton declines with selling on Wall Street. sugar stays firm and coffee softens. Chicago wheat falls on bearish forecasts while corn climbs as planting runs late. Cattle ease up to 25 cents, hogs gain 5 to 10 cents with top at 19.10.
Chicago Wheat closed weak at 1-8-1-2 under Saturdays finish with July 821-2-5-8 noted. Corn rose 15-8-23-8 with July 801-2-5-8. Oats edged up 5-8 by 1 cent and provisions rose 5 to 7 cents.
The Great Britain rate stands at 4.91 3-4 dollars for demand and cables with 60 days bills at 4.90 5-8. France 6.62 5-8, Italy 8.27. Other demands include Belgium 17.01, Germany 40.55, Holland 67.75.
Butter and eggs prices listed for Chicago on June 3. Butter steady at 17 692 and 93 score creamery specials and various butter fractions with values from 24 1 4 to 21 1 2. Eggs steady at 28 963 with current receipts and storage packed firsts priced around 21 1 2 to 22 1 2.
Pi Poultry reports steady wholesale poultry prices in Chicago with two trucks and various weights of hens chickens and other fowl. Hens five pounds and under sell around 20 dollars, over five pounds about 19, leghorn hens 17, rock fryers 20 to 22, colored 20, rock springs 24 1 2 to 25 1 2, geese 12.
Mangham hosted a bridal shower for Mrs. John McCormick with a large list of attendees from Alto Rayville Monroe Swartz Start Baskin and Mangham. Guests named include Mrs. Lonnie Brown hostess and numerous Boies, Balch, McCormick, Boughton and Brown relatives and friends.
Twelve students were graduated by Pioneer High School at commencement exercises held Thursday night. Miss Lilis Fryday gave the valedictory and O. E. Huey spoke on the value of education. Miss Esta Bain won the gold medal from the Oak Grove American Legion post for the most outstanding graduate.
The post at Fort Bragg near Fayetteville North Carolina is described as the largest artillery post in the United States. The Rose Show at Thomasville Georgia typically attracts between 30 000 and 40 000 visitors each year.
A readable OCR fragment lists individuals with titles and surnames such as Harrell Thompson Spruell Brown and Ziegler, along with an address 1499 Fairview and phone 2228, suggesting a social or registry snippet.
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