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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 08, 1932
Page
8
New Orleans cotton market moved slowly with narrow price swings. July, October, and December futures fluctuated, turning lower after early gains and closing near session lows as stocks and wheat weakened. Spot middling cotton traded at 5.04, a season low.
New York June 8 Prices eased on favorable weather and crop tips while stock weakness and selling in New Orleans pressured cotton. July futures dipped after an early rally, closing barely steady as spot middling held around 5.10 with varied quotations across months and months-end spreads.
New York June 8 Steady tone until late trading when liquidation in a weak securities market pulled prices down 11 to 13 points. Notable buyers included Trade interests New Orleans and shorts with Liverpool the Far East Wall Street and locals supplying most contracts. Weekly weather notes warned of low temperatures and uneven rainfall while weevil infestations were high in the South. Foreign buying for new crop August to December was rising, but overall outside pressures kept values from strong gains. The piece closes noting only a fragment of Sherwood Forest remains near Rotterham England.
Stocks heavy, Brooklyn Manhattan Transit issues slump. Bonds easy, utilities sag. Curb heavy, utilities soft. Foreign exchanges firm, gold currencies gain. Cotton lower weak stock market, favorable weekly weather reports. Sugar lower, commission house selling. Cof fee lower, easier Brazilian market. Wheat easy, weak foreign markets, good harvesting weather southwest. Corn steady, bullish government weather, report. Cattle slow and steady to weak. Hogs lower.
Wheat declines to new lows as Canad ian offerings abroad pressure markets. Opening losses narrows but prices stay weak. Corn slips and oats move modestly. provisions vary from a 12 cent setback to a 2 cent gain as trading ends.
New Orleans reports cautious steadiness in markets with minor price changes across fruits and vegetables. Apricots soften while cantaloupes, watermelons, apples, tomatoes, lettuce, corn, peppers, beans, okra, and potatoes show varied but modest movements amid steady demand and steady shipments from Louisiana and Mississippi.
Liverpool on June 8 reports 7 000 bales including 4 500 American. spot demand improves and prices rise eight points. Quotation levels show American strict good middling 4.75, good middling 4.35, strict middling 4.25, middling 4.20, strict low middling 4.10, low middling 4.00, strict good ordinary 3.80, good ordinary 3.50. Futures close steady with July 3.91, October 3.92, December 3.54, January 3.97, March 4.03, May 4.07.
New York sugar futures eased 1 to 2 points in early last hour trading after yesterday's gains. Futures closed 1-2 lower with about 9,450 tons in sales. July 63, Sept. 63, Oct. 72, Dec. 76-77, Jan. 78, March 83-54, May 7-28.
Call money remains steady at 2 1-2 percent all day. Time loans hold 60 to 90 days at 11-2 percent and 4 to 6 months at 1 1-2 percent. Prime commercial paper ranges from 2 3-4 to 3 percent, bankers acceptance unchanged.
New York stocks slid for a third consecutive session as the market failed to sustain last week's rally. Brooklyn-Manhattan Transit dropped about 3 points while Macy fell to a new low and Woolworth shed 2 amid the retirement announcement of H. T. Parsons.
Chicago market summary shows hogs at 21 000 head with 5 000 direct and quotes 3.40 to 3.50 for 180 to 220 pound hogs. Cattle and calves total 11 000 with varying weights and steady to weak tone. Sheep 7 000 mostly 25 to 50 lower with lambs 6.50 to 7.25 and ewes 1.00 to 2.25.
Tonseed oil closes barely steady with primes and futures varying. Summer yellow bids range 2.95 to 3.05 while prime crude trades 2.50 to 2.62. monthly futures climb from June at 2.98 to December at 3.23 with Tenors at 3.25.
In New York on June 8, a foreign exchange table lists Great Britain at 3.67 1 4 dollars demand, 3.67 1 2 cables, and 3.65 3 4 for 60 day bills. France and Italy quotes, plus Demands for multiple countries including Belgium, Germany, Holland, Norway, Sweden, Denmark, Switzerland, Spain, Portugal, Greece, Poland, Czechoslovakia, Jugoslavia, Austria, Romania, Argentina, Brazil, Tokyo, Shanghai, Montreal and Mexico City. Demand rates are stated as nominal.
Potatoes on track for 170 new and 108 old, total U S shipments 879. Old stock dull, trading slow. Wisconsin round whites U S No 1 90-95 cents, Idaho Russets 90-100, new stock slightly stronger. Southern bliss U S No 1 1.25-1.50, few Louisiana 1.60, fair to ordinary 85-110.
Butter and eggs price listings from Chicago show firm values across multiple grades. Butter totals 12 369 in certain grades with creamsery specials at 17 1 2 to 3 4, extras 16 3 4, firsts 13 to 16 1 2, and standards 16 3 4. Eggs total 15 084 with extra firsts 12 3 4, firsts 12 1 4, current receipts 11 1 2, storage packed 13 1 2, and extras 14.
Chicago June 8 report lists poultry prices per live weight for 50 trucks. Fowls 13 to 14 cents, broilers 15 to 19, leghorn broilers 12 1 2 to 13, roosters 8, turkeys 10 to 12, spring ducks 10 1 2 to 11 1 2, old ducks 9 to 10, geese 4.
In district court yesterday Julius Jones lost his case against Missouri Pacific Railroad over a mule killed on a track between Sicard and Swartz. The plaintiff sought 300 dollars, 210 for the mule’s purchase and 100 for loss of services, with costs awarded to the defendant.
Fragmentary OCR notes list several entities including Wabash Railway Western Maryland Western Union Western Electric and a percentage figure 19 percent with scattered letters and unclear context.
Howard Hawks, named among 10 top directors of 1931, directs Scarface for United Artists at the Paramount. Critics praised his Dawn Patrol and The Criminal Code, with Scarface topping his recent work today. Hawks’ rise from Mary Pickford's property boy to notable director is outlined. At the Capitol, Raymond Massey stars in The Speckled Band as Holmes, a poised yet deadly figure who matches the famous detective’s quiet vigilance.
Ouachita Parish Red Cross installs a small cannery behind 318 Grammont Street to aid its relief program. Mrs. H. J. Lynn of West Monroe leads first use. families served must be registered and contribute small portions of produce in exchange for canning.
Capt W L Workman said he could not secure two negro families for farm work at Sterlington after offering positions to about 24 families. Two locations received crops and gardens, planted by owners who will share the harvest with the families who cultivate them.
The Monroe Welfare association reported a surge in activity from May 1930 to May this year led by secretary Mrs. W. P. McCall. In May 1930 the group logged 76 contacts rising to 780 this May with actions including home visits information issuance of food clothing and tickets. A trunk donation by A. R. Shotwell aided a family move and the group invites more trunks via headquarters phone 446.
Mrs. Jewel L. McQuiller home demonstration agent leads a community canning demonstration at Bosco to teach use of canners and sealers. Additional demonstrations will follow tomorrow at Swartz and Friday at Liberty for all residents.
Shabuoth, the feast of weeks, will be observed Thursday and Friday by Temple B'nai Israel. Services include Thursday 6 PM and Friday 10 30 AM, with a Friday 7 30 PM sermon by Rabbi F. K. Hirsch during the Sabbath service.
Independent Ice company of Monroe filed a district court suit yesterday against Constitution Indemnity company of Pittsburgh and New Orleans offices seeking $211.50 plus $50 attorney’s fees for a burglary at the ice plant on September 28, when $161.50 was stolen from the safe.
The municipal natatorium opened for the season last night drawing large crowds as people enjoyed swims in the pools. Firemen's band provided music while benches and crowds filled the area. The pool will be open daily through the summer until 11 o'clock each night.
The Globe Indemnity Company versus Louisiana Power and Light was heard in district court yesterday. Judge Percy Sandel presided as evidence and arguments were presented and the case was taken under advisement. The suit claims Jesse Wright of West Monroe was injured on February 5, 1931 when struck by a car driven by J. L. Walters of the power and light company.
Globe Indemnity paid Wright $274 as compensation and now seeks repayment from the Power and Light Company. The action centers on recovering funds related to the settlement and reflects ongoing insurance and utility firm disputes.
Dr Neal Buie a Clinic staff member underwent an appendicitis operation this morning.
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