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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 07, 1935
Page
11
New Orleans June 7 reports show cotton futures slipping late in the session after gains in the morning. July touched 11.39 with Oct and Dec near 11.08 to 11.23, amid limited trade and disappointing spinner demand. Spot cotton closed about 10 points lower, with receipts 183 and stock 414,734.
Early trade showed 10 to 15 point losses in cotton on futures and commission buying, with liquidation and local selling weighing on a small market. Futures closed barely steady at 10-14 points lower, spot middling held around 11.80 as October slid from 11.38 to 11.19 amid uncertainty over the government program and a proposed ten cent ban.
Liverpool on June 7 reports 12 000 bales including 300 American sold in limited demand with prices up six points. Quotations list American strict good middling 1.33, good middling 7.03, strict middling 6.88, middling 6.83, strict low middling 6.68, low middling 6.43, strict good ordinary 6.23, good ordinary 5.93. Futures closed very steady with July at 6.36, Oct 6.08, Dec 6.04, Jan 6.04, Mar 6.04, May 6.02. Market to close tomorrow and Monday for Whitsuntide holidays.
In New Orleans on June 7 cottonseed oil closed steady with summer yellow at 9.95 to 10.10 and crude 9.00 to 9.25. Prices for upcoming months run 9.95 in June to 10.00 for October, with December at 9.85. In New York bleachable futures closed easy with July at 10.99 and December at 10.25, total 68 contracts traded.
Chicago June 7 Poultry live 24 trucks easy buyers. Hens Leghorn hens 16 to 18. Rock fryers 20 1 2 to 22 1 2. Colored Rock 20 to 25 cents. Rock springs 24 1 2 to 25. Colored 23 to 24. Rock broilers 19 to 21. Leghorn 16 16 1 2. Roosters 14. Turkeys 13 to 17. Old ducks 15. Small ducks 14. Young white ducks 18. Geese 12.
Flood stage readings for rivers along the Mississippi and Arkansas entries show levels at Vicksburg Monroe and Shreveport with rising indicators. Separately, New York stocks drift as investors await clearer signs from Washington and AF of L. select gains in cotton rubber hides while grains retreat on rains. several major rail and industrials show minor moves.
New York markets report steady stocks with late selective buying. Bonds uneven with small price changes. Curb trading uneven. oils down modestly. Foreign exchange mixed as sterling dips and the French franc advances. Cotton weaker with a 10 cent loan on the 1935 crop recommended and processing tax continued. Sugar quiet due to liquidation in commission houses. Coffee dull with selling. Chicago grains falter as harvests rise. Corn irregular, elevators support July. Cattle slow and easy. some loads of steers 8.25 to 10.75. Hogs steady to up on weights 250 pounds and under, others weak with top around 10.00.
Chicago grain prices edged lower as heavy rainfall hit domestic wheat regions. July wheat quotes slipped while corn and oats mixed, and pork and cattle futures weakened with sluggish beef trade. hogs nine thousand head, including direct sales, mostly steady to up slightly for lighter weights.
Currency quotes show Great Britain at 4.93 1 4 dollars in demand and cable, 4.93 1 4 for Great Britain 60 day bills at 4.91 3 4. France 6.61 1 2, cables 6.61 1 2. Italy 8.28. Other demands listed include Belgium 16.97 and Germany 49.52 with many others such as Norway 24.79 and Spain 13.70.
U S Department of Agriculture report notes total U S potato shipments at 939 with light demand and steady trading. Prices listed for Wisconsin round whites U S No 1 at 65 to 70 cents per cwt, Idaho russets, Bliss Triumphs, and Cobblers in several states with varied grades and weights.
New York call money remained steady at 1-4 percent for the day. Time loans showed offerings of 1-4 percent for 60-90 days and 4-6 months, with prime commercial paper at 3-4 percent. Bankers Aceptances unchanged and rediscount rate at 11-2 percent.
Completely overhauled used car with road tests completed. See Red Autry who buys the beer. Bargain price of only 565 dollars.
A condensed listing shows various early Chevrolet models with prices such as 1932 four door sedan at 325 dollars and 1981 four door sedan at 285 dollars, alongside 1931 six wheel coach and coupe prices. The fragment mentions Ford coaches and touring models, indicating a comparative ad catalog of vintage vehicles.
In Ouachita Parish Fourth District Court Mrs Eula Morgan administratrix of the succession of J V Kennedy has filed to transfer to Lee Rogers Chevrolet Co Monroe La a 1928 Chevrolet Cabriolet and one share of Peonies Homestead and Savings Association stock to settle mortgage debt. Creditors heirs and others may oppose within ten days of first publication. Witness the clerk Leon H Pooler seal May 28 1935.
New York sugar futures were quiet with Sept No 3 easing from 2.41 to 2.40 and Dec slipping from 2.43 to 2.42 amid scattered liquidation. By 2 pm the market was unchanged to 1 point lower, with July 2.35B Sept 2.40B Dec 2.43B Jan 2.18B March 2.20B May 2.25B and total sales 4,100 tons.
Butter trading at 16 689 with specials at 93 score and 24 1 2 to 25. Extras at 92 and 24. Firsts 88 89 with 22 1 4 to 3 4 for seconds. Eggs at 22 520 with prices unchanged.
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