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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 04, 1937
Page
14
Cotton futures in New Orleans closed steady after a day of mixed trading. July around 12.56, October 12.65, December 12.70 with overall slight declines earlier as outside market readjustments weighed on demand. Spot cotton closed quiet with low middling 11.54 and stocks at 360,809.
The average price of middling cotton at 10 southern spot markets today was 12.98 cents a pound, compared with 13.01 cents over the past 30 days. The report reflects the latest daily pricing and the longer 30 day average.
New York June 4. Cotton prices started lower on softer Liverpool and rain in northeast Texas but recovered with trade buying and covering. July and Oct contracts rose into the 12.70s, December around 12.65, and spot middling held at 13.20. Futures closed 1 to 2 higher with a steady tone.
Liverpool reported quotes for cotton with 2,600 American bales among a total of 5 000. Prices declined five points with regions showing American good middling 8.16 and other grades falling to 7.31 for middling and 7.06 for low middling. Futures closed quiet amid thin activity.
In New Orleans on June 4 cottonseed oil closed steady with bleachable prime summer yellow at 9.90 to 10.20, prime crude nominal. July 9.34, Sept 9.375, Oct 9.35, Dec 9.33, Jan 9.34. In New York futures closed barely steady with 5 to 9 lower. 95 contracts traded including 16 switches.
Boston beats Pittsburgh as Berger hits two homers and drives in four runs. Cuccinello adds two hits and an RBI, while Tobin secures the win with seven innings of strong pitching. Brandt suffers the early hole. Attendance around 2,139.
Markets at a glance show higher stocks with industrials and rails advancing while bonds and utilities rise. Currency mixes, cotton steady, sugar improved, coffee weak amid disappointing Brazilian markets. wheat up on poor domestic weather and corn firmer, cattle steady, hogs steady to 10 lower, top 11.50.
New York June 4 stocks steadied after a modest downturn as the White House signaled no new gold messages and vows on court reforms. Trading was thin with transfers around 750,000 shares and lists mixed as bonds and commodities fell while the dollar strengthened.
Chicago June 4 live poultry prices listed for hens leghorn and Plymouth Rock varieties with fryers colored and white, broilers colored and white, roosters and turkeys noted. Ducks white and colored at 4 1 2 to 12 cents, various amounts per 100 pounds.
Chicago wheat futures rallied after early losses as new American hard winter supplies spurred selling abroad. In Detroit, Hank Greenberg hit his 12th homer as the Tigers lost to Washington 5-4, dropping to fourth place.
In a 6th inning rally Indians score on Pytlak single and Hughes double and cap scoring in the 8th with Trosky walk securing the win. Gehrig contributes for the Yankees in a Chicago game.
In a doubleheader the Monroe Twins lose 8 to 2 in the first game with Assaf taking the loss and Powers guiding Monroe in the second. Greenwood’s Little Giants rally to a 7-6 win, then 2-0, dropping Monroe further in Cotton States standings.
Announcements advertise medium readings by a practitioner at 604 Layton Avenue. The notice promises guidance and personal insight by calling the listed number for appointments and fees.
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