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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 07, 1937
Page
10
Cotton futures fell over two dollars a bale amid heavy July position liquidation with other months following downward. Final quotes showed declines of 35 to 42 points as exports reached 3,305 bales and rains influenced trading. Spot cotton closed 43 points down with 1,479 receipts and stock 360,300.
June 7 New Orleans reports the average middling cotton price across ten southern spot markets at 12.57 cents per pound for today. The thirty day average stands at 12.97 cents.
New York June 7 Cotton futures fell under broad selling as favorable crop talks and weak spot demand dragged prices to new lows. October traded around 12.35, with July and December easing to about 12.29 and 12.27 respectively. Spot middling stood at 12.79 as trade accounts restricted buys and liquidation persisted.
Cottonseed oil markets showed steady close in New Orleans with bid prices for July 9.23 to 9.15 and months through January quoted around 9.12 to 9.15. New York futures closed easy by 1 to 12 points with June at 9.78 and January at 9.71, amid 150 contracts traded including two switches.
Foreign exchange mixed with Great Britain quoted in dollars and other currencies in cents. The report lists demand, cables and bill figures for multiple nations including France, Italy, Belgium, Germany, Holland, Norway, Sweden, Denmark, Finland, Switzerland, Spain, Portugal, Greece, Poland, Czechoslovakia, Jugoslavia, Austria, Hungary, Rumania, Argentina, Brazil, Tokyo, Shanghai, Hongkong, Mexico City, and cross rates for Montreal.
Chicago poultry prices on June 1 show steady markets with hens over 5 pounds at 17.5 cents, Leghorn and Plymouth Rock varieties ranging 12 to 27 cents, roosters 12 to 13 cents, turkeys at 13 to 16 cents, ducks at 10 to 14 cents, and geese around 10 cents per pound based on grade and weight.
Hog market opened 25 cents lower with top at 9.50. Corn fed hogs 130 to 140 pounds 6.90 to 7.90, 180 to 250 pounds 9.15 to 9.50, sows 7.00 to 8.0, stags 6.25 to 7.50. Cattle 25 cents lower. good corn fed steers 6.00 to 7.50, beef cows 3.25 to 4.00, cutlers 2.75 to 3.50. Calves 4.75 to 6.25 for 150 to 200 pounds. Lower market due to empire strike at the National Stockyards.
New York stocks slip with declines in steel and copper. Bonds show narrow or mixed price trends as curb markets ease. Foreign exchange mixed with francs and sterling down. Cotton soft on favorable weather and selling. Sugar down due to weak spot demand. Coffee steady with trade covering. Chicago wheat and corn fall on pressure from each other. Cattle rise while steers fall. Hogs up 5 to 10 cents, top at 11.60.
Due to light moisture in Canada and heat accelerating Italy's wheat ripening, Chicago wheat futures climb after an uneven start. July and September contracts show mixed gains across wheat corn and oats with close values reflecting overall upturn.
Chicago livestock prices show hogs averaging 11.00 to 11.60 per cwt with lightweights rising. Cattle and calves total 13,500 with active trades and firm to slightly higher bids for steers and yearlings, while sheep and lambs face a weaker undertone with limited spring lamb sales and mostly steady sheep prices. Direct hogs include 3,000 sold directly and notable weights dominate the trade.
USDA market report from Chicago lists potato shipments and prices across states. Details include U S No 1 and No 2 grades for Idaho Colorado California Louisiana Mississippi Arkansas Alabama and Texas with varied demand and stock conditions and notes on decay and heating in some lots.
New York futures showed uneven moves with No. 4 contract up about 1/2 point on trading and London firmness. No. 3 futures held steady to down 1 point amid liquidation and hedge selling while spot market remained quiet. July and September terms hovered near the day’s highs and lows with varied quotes.
Butter prices quoted at 16 380 with steady creamery specials and various grade levels. Eggs listed at 49 332 unsettled with mixed spot receipts and local graded firsts. storage packed items also noted.
New York stocks eased after an early rally as grain, cotton, and rubber futures cooled sentiment. Shares moved in slow, varied directions with only a few oils and specialties posting meaningful gains, while several majors lagged. Transfers ran around 690000 shares as traders waited for fresh catalysts.
A garbled OCR fragment lists categories such as Household Goods Farm Implements Livestock Seeds Dogs and Pets and Real Estate Trades. It appears as a classified section index with mixed punctuation and partial column labels. No readable events, names, places, or dates are extractable from the fragment.
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