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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 07, 1939
Page
9
Cotton futures in New Orleans closed with gains as bullish textile market signals and an unfavorable weather and crop summary supported sentiment. July and October contracts climbed with gains around 11 to 13 points, while spot cotton finished 19 points higher and middling prices averaged 9.56 cents across ten southern markets.
Aggressive buying by leading spot interests and short covering strengthened cotton futures on June 1 in New York. Open interest from Bombay buyers supported most positions while July was liquidated, with July at 9.19 and October and May up about 10. Spot prices held at 9.91 middling as futures closed several points higher across contracts.
Liverpool June 1 Cotton trading shows 6,000 bales with 7,900 American Spot quiet and prices up 6 points. Quotations range from strict good middling 6.42 to strict ordinary 4.42, with futures closing 4 to 19 higher and months listed as July 5.1 October 473 December 41 January 400 March 41 May 463.
In New Orleans on June 7, boll oil quotes show bleachable prime summer yellow at 650 nominal and prime crude 5.25 to 5.50. Futures list July 6.08B, September 6.25 4B, October 6.28B, December 6.36B, January 6.39B.
Chicago June 7 cattle and sheep market summary shows steady opening with Tuesday averages, then slow trade and mixed declines across weights. Slaughter cattle weak to lower, feeders steady to down, heavy steers under pressure, vealers down. prime heavy steers above 12.00, fat sheep and lambs active but generally lower, with assorted lots and regional quotes noted.
On the Chicago market railcar notes show mixed conditions across states. California long whites and United States No 1 prices range around 1.90 to 2.10 with decay in several lots. Alabama Mississippi Texas and South Carolina stocks show varying quality with decayed items and moderate demand. Idaho Russets and Burbanks steady or fair. overall old stock light and shipments totaling 1 234 across the United States.
In New York on June 17 sugar futures eased amid Cuban selling and outside liquidation. Prices fell 2 to 4 points with September at 1.98, while world futures held steady. July and other positions moved 1 to 2 points, raws steady, refined 4.40 to 4.50, and No. 3 futures 2 to 4 lower.
Chicago market notes show live poultry movement steady as freight cars and trucks supply remain balanced. Leghorn broilers under two pounds bring 16 cents, colored springs 22 cents, colored fryers 19 cents with prices for others unchanged.
New York stocks mixed with demand for specialties, bonds mixed as U S government issues react. Shanghai dollar breaks while cotton remains firm and sugar shows mixed results. Chicago wheat closes down eight or more, cattle slip up to twenty five, hogs open steady and close weak.
New York stocks showed a cautious advance then resistance as buyers varied their interest. Investment favorites led briefly before selling pressed prices lower with many shares holding fractional gains amid subdued volume around 550000 shares.
Wheat prices remained steady in a light early trade with cooler spring belt weather and a brief rise expected tomorrow. Liverpool quotations dipped slightly. July wheat opened 1/8 lower to 1/8 higher, later advancing slightly as July and September futures moved higher. Corn opened 1/8 to 1/4 higher with July at 50 5/8 and September at 52 1/4 to 1/8.
Butter and eggs prices reported for Chicago in June show firmer butter at 93 score and 241 2, with 92 and 24 90 in centralized markets. Eggs held steady with storage packed firsts at 16 1 2 and extra at 16 3 4, other prices unchanged.
Jersey City Mayor Frank Hague drafts a new ordinance to regulate open air gatherings after a Supreme Court ruling nullified the old measure. The plan designates streets and public places for speech, while civil liberties groups schedule a Journal Square rally in response to the ruling. Hague defends past permits as a protection of order and civil rights.
The Louisiana association of Future Farmers of America awarded its highest honor, the state farmer degree, to 51 members after passing required tests during the convention. Speakers included John Smith, S. M. Jackson, and Bradley Twitty.
James Roosevelt, son of the president, will finish paying for his new pleasure boat Half Moon on installment terms. A conditional sales contract filed with the county recorder shows a cash outlay of 10,000 dollars on a 12,717.50 craft, with 12 monthly payments remaining.
United States Ambassador William C. Bullitt departed Paris for Le Havre to board the liner Normandie for a trip to the United States. He planned to meet President Roosevelt and return late June.
Edward J. O Connell 51 Albany county Democratic chairman dies. George D Fawcett 77 stage and screen actor dies. Hsu Shih Chang former Chinese president 1918 to 1922 reported by Domei Tokyo from Tiantoun dispatch.
William Bardwell Curts 20, of Oakland California, jailed in Heidelberg on a German Reich slander charge. Consul General Geist urged leniency. Curts wrote a verse insulting the Nazi regime in a beer hall guest book, sparking a fight and his arrest. Case rests with Mannheim chief attorney awaiting justice ministry recommendation. Curts has traveled in Europe since 1938.
Scouts from most of 15 parishes in northeast Louisiana gather at Camp Ki-Ro-Li near Monroe for the first of three one week camping periods led by Ouachita Valley Boy Scout officials. About 30 spots remain for week one. week two is full and week three has limited openings. Camp fee is 6 dollars per scout for one week. Meals are supervised by Mrs. Black with a trained staff. Black, Murdaugh, and Walker outlined the program for all scouts.
Joseph G Strecker must wait at least two years before filing a new citizenship petition after deportation efforts. He must file a new declaration first and then wait between two and seven years before petitioning again. The district court referred the renewal to the New Orleans naturalization bureau. Strecker originally declared citizenship in 1927, but the declaration was denied in 1934 for lack of attachment to the United States. The Supreme Court later ruled the labor department erred in deportation under the statute.
Returns from 25 of 26 precincts show Winn Parish residents approved extending the ban on sales of all alcoholic beverages by 1 672 to 1 236. The measure arose from a petition signed by 25 percent of parish voters.
Notices of seizure and sale listing multiple cases in Ouachita Parish Fourth District Court. Writs of Fi Fa and finassued direct sheriff sale at Monroe courthouse on June 17 1939 and July 1 1939 with described lots, block plans, and boundaries. Seizure costs and cash terms stated. Milton Coverdale sheriff. Dates May June 1939.
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