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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 06, 1933
Page
11
The New Orleans cotton market opens quiet then active with July, October, and December futures moving from losses to gains before closing steady with declines around 13 to 14 points. Exports reach 12 710 bales. spot cotton ends 13 points down amid receipts of 4 826 and stock for the season at 925 954.
New York June 6 cotton futures edged down early with 12 to 15 point net losses but rallied later before fluctuating. October contracts dipped to 9.34, rose to 9.51 on acreage cut prospects, then faded. Mid afternoon steady around 9.42 with 5 to 7 point declines overall.
In Liverpool on June 6, quotes held steady with no receipts and a quiet spot market. American grades ranged from strict good middling at 7.12 to good ordinary at 5.52, with futures closing quiet at July 6.01 and later near 6.00 to 6.10 on various contracts.
New York June 6 foreign exchange steady with Great Britain at 4.0178 dollars, cables 4.0260, 60 day bills 4.01. France 4.68, Italy 6.17. Other spot and cross rates listed include Belgium 16.58, Germany 27.80, Norway 20.40, Sweden 20.65, Denmark 17.95, Switzerland 22.98, Spain 10.15, Argentina 30.51, Brazil 764, Tokyo 25.10, Shanghai 25.37 1 2, Hongkong 28.25, Montreal in New York 9.37 1 2. N notes.
Sugar futures extended gains on Tuesday with July advancing to 1.55 after selling at 1.53 and December rising to 1.65 from 1.61. By 2 p.m. the market held near its best with a 2 to 3 point net increase and closed steady 1 to 3 higher on 34,950 tons of sales.
In Chicago on June 6 the USDA notes U S potato shipments at 506 with total on track 271. Old stock dull and trading slow as supplies stay moderate. Wisconsin round whites and Michigan Russets fetch 1.20 to 1.25, Idaho Russets 1.60 to 1.70 for new stock. Alabama Louisiana Texas and Mississippi Triumphs 2.00 to 2.15. decayed 1.75 percent. North Carolina barrel cobblers 3.40 to 3.50.
New York June 6 report shows call money steady at 1 percent all day. Time loans remain unchanged with 60 to 90 days at 3 to 4, 4 months at 3 to 4, and 5 to 6 months at 1 to 11-4 percent. Prime commercial paper at 13-4 and bankers acceptances unchanged.
New Orleans June 6 cottonseed oil closed barely steady with price ranges for grades and futures including June 4.75, July 4.80, August 4.85, September 4.95, October 5.03, November 5.08, December 5.20.
New York stock activity ranged heavy with rails steady and U S government bonds firm. Foreign exchange firm with sterling gains. Cotton and sugar up while coffee weak. Chicago grains slide wheat and corn rises on sowing conditions. Livestock softer calves, hogs up to 4.90 with active trade.
Chicago reports early Tuesday grain gains with wheat advancing after initial climbs on news of worsening heat in wheat belts southwest and west. Corn swings from decline to gains, oats advance, and provisions drop 5 to 10 cents from Monday's close.
In New York on June 6 the stock market showed a soft close as many favorites fell one to several points after an unexpected cut in Santa Fe’s semi annual preferred dividend. About 6,200 shares changed hands as early strength faded and prices drifted rather ragged.
New Orleans waterlines detail farm produce prices across multiple states with Cuban and California imports and shipments of potatoes onions corn and greens noted. It also covers Santa Fe stock changes after a dividend cut, rail and banking news ahead of June 15, and brief market clarity on steel and copper. A sheriff sale notice closes the page.
In a push toward growth, labor minister Pedro Salgado Filho studies systematic settlement in Brazil's undeveloped zones. The Iguassu river area in Parana is the first focus, with plans to nationalize river banks and tap hydro electric potential. Later initiatives target Rio Doce in Espirito Santo and upland Bahia Piauhy regions.
Hogs 25 000 with direct buyers. most classes 5 to 10 cents higher than Monday. Good to choice 190 325 lb hogs average near 4.80. Cattle and calves slow. vealers 5.00 to 6.50, steers 5.75 to 7.50 per 100 lb. Sheep fairly active with lambs lighter and good to choice 8.00 to 8.75. Temperature pressures sentiment. meager supply supports some gains in hogs and sheep.
Butter prices steady with creamery specials at 21 1 2 to 22 per pound and various grades listed. Eggs sales at 27 854 dozen with prices unchanged and steady overall.
Chicago June 6 live poultry prices show steady movement with 44 trucks. Hens around 11 dollars per unit, Leghorn hens 9 1 2, roosters 8 1 2, Turkeys 10 to 13, spring ducks 7 1 2 to 9, old ducks 7 to 8, geese 7. Leghorn broilers 11 1 2 to 14, Rocks 16 to 20, colored 15 to 18.
Natchez Mississippi June 6 Dr Louis Murdock a well known physician of St Joseph La died Monday after a long illness and will be buried here Tuesday He had been a practicing physician for half a century.
The News Star and Morning World announce a Losers' Service Bureau free listing for advertisers seeking to recover lost articles. Start classes in swimming for children with details by Nonie Godwin Bryan. telephone 1336.
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