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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 04, 1935
Page
9
In New Orleans June 4, buys followed upbeat Washington signals and belt weather worries, lifting July near 11.38 and other months to gains of 30 to 40 points. Exports reached 12,311 bales for the day, with spot cotton closing 40 points higher at 11.25 for low middling and 12.90 for middling.
New York June 4 cotton futures rallied about 2 dollars per bale on renewed foreign demand and speculative buying following last week's grain break. Market closed very steady with October around 11.25 and March near 11.42, spot steady at 11.90.
Iverpool June 4. Cotton bases including 12,200 American moderate business done. Prices moved up on points. Quotations list American strict good middling 7.24, good middling 6.94, strict mids 6.79, middling 6.74, strict low middling 6.59, low middling 6.34, strict good ordinary 6.14, good ordinary 5.84. Futures closed very steady with July 6.29, Oct 6.01, Dec 5.97, Jan 5.97, March 5.98, May 5.97.
In New Orleans on June 4, cottonseed oil closed firm with summer yellow at 9.95 to 10.10, prime crude 9.00 nominal. June 9.95B, July 10.00B, August 10.00B, September 10.05B, October 10.038, December 9.83B. B bid.
New York June 4 Bleach able cottonseed oil futures closed firm with July at 10.42 September 10.48 October 19.43B December 10.27 January 10.25B Sales totaled 95 contracts including 6 switches.
Chicago June 4 live poultry figures show steady balance across categories. Hens and leghorn hens vary from 16 to 25 cents per pound, rock fryers 21 to 24 1 2, colored birds 19 to 24 1 2, roosters 14 cents, turkeys 13 to 17, ducks and geese noted with weights and price ranges.
Flood alert updates show 24 hour stage changes along Rivers Daily. Authorities warn residents near riverbanks to monitor stage levels and prepare for possible rising waters. Safety steps include securing property and having evacuation plans ready.
New York stocks moved higher aided by cotton and grains with rails oils chemicals and tobaccos advancing while overall trading remained quiet. Notable gains appeared in Allied Chemical Du Pont General Motors Philip Morris and U S Steel among others as market eyed White House recovery signals and potential NRA developments amid steady but cautious buying.
New York reports firmer stocks oils chemicals and rails with bonds and secondary issues advancing. Cotton and sugar firm on active trade, Brazilian market quiet. Wheat strong on short covering in Chicago, corn firm, hogs 5 to 10 cents lower at up to 10.05, cattle slow with narrow shipper demand.
Chicago grain markets opened firmer with stocks and cotton support. July corn advanced to 83 1 8 to 1 4, wheat gained then relinquished most early gains, and corn retreated from its peak as trade continued.
Chicago market roundup shows hogs at 16 000 head total including 7 000 direct with prices 5 to 10 lower. Cattle and calves slow, steer and veal prices vary by weight with high ranges. Sheep and lambs active with spring lambs strong. natives and ewes adjust in scattered price bands.
Foreign exchange irregularities report in New York shows British pounds at 4.93 dollars with cables, 60 day bills at 4.917-8. French francs at 6.627-8. Italian lire at 8.281-2. various bids listed for Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Spain Portugal Greece Poland and others. cross rates include Tokyo 29.06 and Shanghai 40.87-2. Montreal entries appear at 100.00 both ways.
Chicago June 4 Potatoes on track 277 total U S shipments 541 old stock steady supplies moderate demand and trading moderate sacked per cwt Wisconsin round whites U S No 1 571-2 70 Idaho russets U S No 1 1 35 50 new stock firm supplies moderate demand and trading good Alabama Bliss Triumphs U 3 No 1 1.60 showing decay 1.30 50 1 car badly decayed 1.00 U S No 2 1.10 Louisiana U S No 1 and partly graded 1.50 showing decay 1.25 Mississippi U S No 1 1.55 65 showing decay 1.50 heated 1.35 U S No 2 1.00 North Carolina Cobblers U S No 1 1.60 65
Call money in New York remained steady at 1-4 percent for the day. Time loans showed limited movement with 60-90 day credits offered at 1-4 percent and 4-6 month loans at 3-8 percent. Prime commercial paper quoted 3-4 percent and bankers acceptances unchanged. Rediscount rate at the New York Reserve Bank stood at 11-2 percent.
Louisiana State University conferred 662 degrees at the 74th annual commencement, closing its diamond jubilee celebration. Frank R. Reid of Illinois received an honorary Doctor of Laws for flood control work, and his daughter Ruth Reid earned a BA in the class of 1935. Dr J C Geiger of San Francisco also received a Doctor of Laws for public health service. Gipson Carter and Frank Rickey, both East Baton Rouge parish, earned the first Doctor of Philosophy degrees granted by LSU. Dr Gordon J Laing of the University of Chicago delivered the baccalaureate address critiquing overemphasis on practical training at the expense of culture.
Miss Joy Webb and Miss Martha Bunch presented a piano recital at Tallulah High School auditorium Monday under Mrs. Vernon Thompson. Mrs. Thompson opened with thanks and spoke of the pupils and their mothers, hoping for college success. The program featured works by Schwarenka, Wollenhaupt, McDowell, Borowski, Beethoven, Lizst, Sinding, and more, with performances by Webb and Bunch.
A dense catalog of classified sections from Monroe News-Star and Morning World outlines rates, phone ads, and closing times. It lists classifications alphabetically from Legal Notices to Automobiles, covering employment, real estate, rentals, and services with group headings and line pricing.
Refreshments were served at Mrs. Harry Andersons home where Mesdames Knox Overstreet Boswell Collins Bankston Day Mitchell Post Materne and Ketchum attended. Lancaster won high score with Halbach second. A salad course followed for guests Halbach Lancaster Wray Bowie Lee Schwartz Moncrief Fridge and Calhoun. Eastern Star members attended a Lake Providence school of instruction including Alexander Alexander Holmes Lewis Pierce Pierce Day Donald Lancaster Jones Hebert. O H Boney and spouse arrived from Colombia to visit R K Boney.
Readers are urged to check the daily classified pages for fresh opportunities. Listings cover jobs, services, real estate, and local deals updated throughout the day, offering residents a continually refreshed source of leads and information.
Sugar futures advanced as buyers returned on renewed trade and speculator demand. September No. 3 climbed to 2.40 and December to 2.47, with the market at 1 p.m. slightly off highs after gains. July 2.36 and December 2.45 quoted as nearby levels with steady No. 3 at 2.36 to 2.41.
Butter prices listed at 17 437 firm, eggs at 30 805 firm with various quality grades and local shipment figures. Current receipts and storage packed categories show minor shifts with prices around 21 1 2 to 23 1 4.
Multiple rental notices list furnished three to four room apartments with private baths and utilities paid. Locations include Coleman Street, Jackson Avenue, Wood Avenue, with contact phones 1019 W, 4143 J, 1312, and 270. Some units offer garages and hardwood floors.
Lennon Motor Co Inc is listed with a phone number 3010 in a brief business notice style entry. The item presents no further context or details beyond the company name and contact line.
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