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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 03, 1936
Page
11
New York reports show continued buying on dry eastern belt conditions but late sessions feature substantial realizing and selling. July futures near 11.64 and October around 10.78 with small declines in new crop positions. spot middling cotton at 11.80, overall close steady to mixed.
Liverpool reports a fair demand for cotton with 22 000 bases including 12 400 American. Spot prices rise five points with American types leading at 7.42 for strict good middling and 6.17 for low middling. Futures close steady with July at 6.20 and December around 5.16 to 5.75 across months.
In New York on June 3 the market for cottonseed oil futures closed firm with July at 8.94 and September 8.96. October 8.95 and December 8.808 were listed with 113 contracts traded including 26 switches.
Chicago buyers report new stock firm with strong demand for potatoes led by Bliss Triumphs and U S No 1 grades. Prices range from 2.50 to 4.15 per cwt across varieties including Idaho Russets, Michigan Russet Rurals, Green Mountains, and California White Rose with some decay noted in cobblers. Old stock remains strong but supplies lighter.
The New York foreign exchange page lists irregular rates for currencies. Great Britain at 5.02 dollars, France 5.485-16, Italy 7.87, and other nations includingBelgium 1.691, Germany 40.26, Holland 67.55, Norway 25.23, Sweden 25.89, Spain 13.64, Portugal 4.55, Japan Tokyo 29.48, Mexico City 27.85, Montreal 99.71, and Montreal in New York 100.28. Nominal quotations appear with several cross quotes and cables.
Sugar futures rallied as Washington warned the Senate Finance Committee would report favorably on the sugar bill to validate 1936 quotas and impose a 12 cent a pound processing tax. July and January contracts moved higher early but eased late, closing barely steady with 6,559 tons traded.
On June 3 in New York call money held at 1 percent all day. Prime commercial paper offered 3-4 percent. Time loans steady with 60 day maturities at 1-4 percent. Bankers acceptances unchanged. Rediscount rate at the New York Reserve Bank 1-2 percent.
New York stocks mixed with uneven leadership and a slow session. Bonds show mixed performance as speculative moves and hedge selling affect sugar and cotton. Chicago wheat firm while corn sees strong shipping demand. cattle steady to higher and hogs up 5 to 15 cents, top $10.25.
Chicago wheat opened higher as Liverpool market strength and rising sterling supported prices. July wheat climbed to 3-4, September to 7-8, corn and oats also rose while provisions held steady. close showed firmer wheat by about 1-4 cents, with July at 84 1-2 to 85 and corn up to 60 1-8.
Hogs 14,000 with top 19.25, bulk 160-259 lbs, 140-169 lbs 10.09-20, sows 250-300 lbs 985-1020, heaviest sows 860, cattle 500 per head, calves 1500, yearlings and light steers scarce, steady to higher on some lots, 1150-1450 lb steers slow, heifers steady, bulls and vealers strong, sheep 5000 slow and uneven, lambs steady to 25 lower, early lots to packers 1100-50 heading down, shorn yearlings 3.75-4.50, most ewes 3.90-4.50.
Chicago market report lists live poultry and stock quotes for June 3. Hens around 4 pounds and under 18 priced, Leghorn hens at 15.5, Plymouth Rock and White Rock lines at 25 to 28, fryers 25, broilers 25, roasters 13 to 21, toms 15, turkeys and ducks values shown, geese 8.5.
Chicago prices for creamery butter and eggs show steady trading with mixed grade quotes. Listings include various butter grades with scores around 93 and 92, including extras and firsts, while carrot standard references and aging figures appear in the cryptic notes.
New Orleans June 3. Sidney Longy star witness in Senator Huey P Longs investigation was indicted today by a federal grand jury at Opelousas on impersonating a federal officer. The government says Longy shook down bootleggers in St Landry parish by posing as a federal officer and threatening them. He was also indicted on a bootlegging charge.
New York trading closed irregular with quiet dealings as investors awaited France labor disturbances and Congress tax decisions. Hot weather shares like Coca Cola and Canada Dry rose slightly early. most steel, motors, and rails declined or held flat amid mixed bonds and currency shifts.
In Natchitoches Louisiana Professor John S Kyser head of social science at Louisiana State Normal College was named dedicatee of the 1936 Potpourri student yearbook. A memorial page honors Professor George Williamson who served the state normal college from 1897 until his death January 10 of this year. Kyser has taught at the college since 1923 and plans study at Heidelberg after a state tour. The Potpourri, the 25th volume, spans over 200 pages and will be distributed this week.
Public notices list two sales in Ouachita Parish Fourth District Court Monroe Louisiana. A Sheriff’s sale for Home Owner’s Loan Corporation involves Lot 1 in Square 5 of T. E. Flournoy’s First Addition, West Monroe, cash sale details in May and June 1944. A succession sale for Flora Blackburn Aston and Edest Lee Aston includes real estate described by section, townships, and parcels near Monroe with livestock, furniture, and movable property offered at public auction for cash, June 27, 1938.
Multiple court notices in Ouachita parish Louisiana detail sheriff sales and partitions. Properties in Monroe and surrounding areas are set for public auction on June 6 through June 11 1936. Terms are cash to the highest bidder with proceeds returned to the clerk of court.
A damaged notice warns a mortgage note dated March 4, 1938 payable to the order of a future holder, for $6900, endorsed by C Johnson and others. Public is warned not to trade or transfer the instrument. The notice appears with garbled names and places, dated March 3, 1946 in Monroe, Lao.
An advertised service in The News-Star and Morning World offers free listing of found articles such as dogs purses jewelry and fur to assist owners. The bureau notes that an index of ads is kept for weeks to help locate rightful owners at modest costs to advertisers. The notice also lists private coaching ads from local schools and individuals with contact numbers.
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