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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 05, 1934
Page
9
In New Orleans on June 5, cotton futures advanced markedly with July selling around 11.92 to 11.90, October near 12.12, and December about 12.24 as uptrends driven by wheat strength and short covering persisted. Exports reached 28,105 bales and spot cotton closed steady with gains across grades.
New York June 5 cotton advanced as weather and crop outlook softened and stock and wheat markets strengthened. October contracts climbed from 11.85 to around 12.14 to 12.28, with overall gains 22 to 28 points mid session as futures closed 27 to 30 higher. Spot middling held at 12.10.
Livestock sales for June 5 show hogs at around steady with most pigs 1.00 to 2.00 above week prior. Cattle and calves available with mixed demand. steers 550 to 1500 pounds widely 3.25 to 10.00. wealers 4.50 to 5.25. sheep and lambs softer with spring lambs 8.00 to 25 and ewes 1.50 to 2.10.
Cottonseed oil closed steady with futures in New Orleans and New York. Prime summer yellow ranged 465 to 480 with crude prices at 4.00 to 4.25 and forward months from June to December quoted higher. June 5.05B and subsequent months rose to 5.70B with 1 contract sold.
Potatoes in Chicago on June 5 report U S shipments at 628 with steady old stock and moderate demand. Idaho russets U S No 1 fetch 1 55 to 1 65 with new stock stronger on top grades and liberal supplies. Alabama Texas Louisiana and Mississippi show No 1 prices between 1 35 and 1 65 with slight decay on some lots.
New York stocks rose amid technical buying and expectations of favorable Washington developments. Fractions to about two points led gainers, with Allied Chemical Sears Roebuck U S Steel and Chrysler among names up. Trading volume reached roughly 750000 shares as investors eyed steel settlement talks and NRA policy revisions.
New York and Chicago market notes show firm stocks and metals, higher bonds, and gains in curb issues. Foreign exchange volatile with the German mark falling. cotton steady, sugar steady, coffee weaker on selling. Wheat at Chicago strong amid damage reports, corn up on relief buying. cattle and hogs mixed with tops cited at $9.35 and $3.65 respectively.
In Chicago on June 5 Wheat futures opened 3-8 to 1 1-2 cent lower with July at 95 1-2 to 96 then slid further before a rally. Corn started flat to 3-8 up and then fell overall. Wheat closed strong up 3 3-4 to 4 3-8 from yesterday, July at 1.00 3-4 to 7-8, corn up 2 5-8 to 7-8, oats up 2 7-8 to 3 cents, and provisions steady to firm by 5 cents.
The market reported irregular quotes with Great Britain at 5.04 dollars and other currencies in cents. Rates listed include France 6.59, Italy 8.62, Belgium 23.36, Germany 37.75, and Japan’s Tokyo 30.00. Various cross rates and rubrics follow for London, cables, and 60 day bills.
Call money steady at 1 percent all day. Time loans steady with 60 days to 6 months at 3 4 percent. Prime commercial paper at 3-4 percent and bankers acceptances unchanged. Rediscount rate at the New York Reserve Bank stands at 11 1/2 percent.
Poultry live movement in Chicago on June 5 lists 42 trucks with generally steady activity. Prices for hens Leghorn hens Rock fryers colored Rock springs colored Leghorns barebacks roosters turkeys spring ducks old spring geese and old stock are given in a compact ledger style.
Sugar futures in New York show increased activity and firmness as July contracts move from 1.54 to 1.55 and May from 1.78 to 1.81. The market closes barely steady with prices mostly unchanged or up by a point and 24,350 tons sold. July 1.53 Sept 1.59 Dec 1.67 Jan 1.69 Mar 1.74 May 1.78.
Liverpool reports spot cotton in fair demand with prices up three points. American grades quoted from strict good middling 7.04 to strict good ordinary 5.84 with middling 6.44 and low middling 6.04. Futures closed steady with July at 6.15 and later months ranging 6.08 to 6.11.
Chicago June 5 report shows butter and eggs prices with ranges and averages. It also lists many company stocks and bonds including Standard Oil New Jersey, Studebaker, Union Carbide, United Aircraft, U S Steel and Woolworth, plus a note on West Mergavesia and Youngstown Steel.
Washington reports a $525 million drouth relief plan and new measures for meat distribution and farmer aid. Presidents and lawmakers pursue relief work and feed seed distribution while steel labor talks and silver debate shape the agenda. The NRA and Johnson seek a steel labor board approach as congress tackles Nazi propaganda hearings and tobacco crop control.
Ralph L. Morse 38, publisher of Gulf Coast Weekly at Waveland, Mississippi, died by self-inflicted carbon monoxide exposure in a mobile with exhaust tube. A coroner’s jury ruled death by own action, and a note on the body mentioned a proposed headline about the incident. Morse, from Twin Falls Idaho, had practiced law and served in World War I. He left instructions for his death certificate and to contact his wife in Los Angeles, and was survived by his father in Twin Falls and his wife and two children in Los Angeles.
Commercial Securities Co. at 196 South Grand offers refinanced auto loan notes with reduced payments and additional cash advances. The firm advertises contact via phone 8.
A scanned page lists Morning World and News-Star want ads rules, contact details, and a long alphabetized classification system for ads. It includes categories like Legal Notices, Announcements, Lost items, Employment, Personal, Household goods, Real Estate, Automobiles, and service categories with numbers for quick reference.
Lincoln June 5 certified seed gains footing with dirt and professor farmers. Nebraska 60, developed at the University of Nebraska station, now accounts for about 60 percent of the winter wheat acreage due to higher yields and good milling quality. Efforts by the Nebraska Crop Growers Association push improved barley and alfalfa varieties while glass lined milk tank cars appear on British railways.
Washington reports a presidential sub committee plan listing ten Louisiana flood control projects on the Red River. Funding covers Bayou Boyeau water diversion and Bayou Des Glaises, right bank levees in Red River parish, Bayou Pierre drainage ditch, Natchitoches parish levees, Saline Point and Double Eddy cutoffs, Black Bayou dam, Fire Point cutoff, Wallace Lake dam, and Shreve Island cutoff with varied costs. It also calls for Mooringsport and Bossier storage reservoirs and locks and dams at Ida Shreveport East point Pirmont Montgomery and Boyce Louisiana.
In Opeloousas Louisiana on June 5 the St Landry parish jury adopted a resolution urging pay cuts due to economic conditions. The plan seeks 20 percent cuts for the parish treasurer and clerk 25 percent for the assistant clerk and 25 percent for the courthouse janitor. Savings would cover past due debts and would take effect October 1 for 12 months.
In Monticello Georgia locals know a tree duo as the murder tree. A young sapling grown alongside a giant oak was ripped from the ground as the oak expanded, drawing attention to a long standing local oddity.
A series of lost items include a three month old gray Persian kitten with a reward offer and contact 1676 J, a fifteen jewel gold hunting case watch for Mr. O. Lindsay care of Bancroft Bag Factory with phone 1971, a black hand bag with contents and valuables for Mrs. J. H. Dozier Swartz La, and a tenor guitar in a case lost Saturday night in front of Jitney Jungle on Lovers Lane with call 3751.
The paper invites readers to call 4800 to report lost or found items and notes an accurate index of recent ads. Advertisers receive a free listing in the Losers Service Bureau to help recover cost articles.
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