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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 08, 1933
Page
10
The New Orleans cotton market on June 8 traded nervously with erratic price moves and late session firmness. October and December futures dipped from earlier highs, aided by short covering, while exports reached 42 370 bales and spot prices closed modestly down.
New York trading shows firm stocks with metals strong and textiles firm. Bonds irregular as Germans rally. foreign exchanges strengthen with the dollar near new lows. Cotton down on good weather. sugar higher and coffee firmer. Chicago grains slip on weak speculative demand. wheat down and corn weak. Cattle steady. hogs 15 cents lower to a top of 4.65.
Reports of dust storms in the southwest and unfavorable spring wheat news spurred buying, with opening gains of 1 8 to 5 8. Wheat then hovered near the initial range while corn slid from an early dip to a broad decline, oats fell, and provisions dropped as well.
In York on Thursday slight gains gave way to renewed selling as favorable southern weather limited buying. July and December contracts fell, with July near 9.18 and December around 9.61, while spot cotton remained quiet at middling 9.10.
Liverpool market reports mixed cotton trade with 000 bales noted and price dips across grades. Ameri Spot small business activity shown, with prices slipping about five to seven points amid tight supply and handling concerns.
New Orleans June 8cottonseed oil futures closed steady with values for prime yellow and crucible crude near 4.78 to 5.12. July and August roles posted at 4.82 and 4.88 while later months moved to 4.98 5.05 5.12 and beyond. New York mentions bleached futures also closing with spot around 5.25 and various calendar months cited. Sales totaled 23 including four switches.
The report covers cattle calves hogs and sheep with price ranges. Slaughter cattle and vealers show slow but steady activity while beef and dairy cattle volumes stay robust. lambs and sheep trend lower with some quality scores. Key figures include slaughter weights 550-1500 lbs and hogs 200-350 lbs with multiple price bands across grades.
In Chicago market notes for June reports mixed activity with new stock and moderate supply. Prices show slight strength in certain regions while old stock and dull trading persist. Alabama, Mississippi and Carolina regions feature varied movement with round whites and Michigan Rural types cited. Idaho and other states noted with price ranges and limited sales.
Chicago market cash prices for poultry listed include hens at 10 to 11 cents per pound, leg hens 8 1/2 cents, roosters 8 1/2, No 2 turkeys 10 to 13, spring ducks 7 to 9, old geese 7 to 7 1/2, leghorn pullets 11 1/2 to 13, rock broilers 16 to 18 1/2, colored broilers 5 to 17.
Louisiana market notes show small price movements for fruits and vegetables. California lemons, Florida Valencias, Georgia peaches, Florida watermelons, and Louisiana celery are listed with varied prices, plus reports on shipments of potatoes, tomatoes, peppers, and mixed vegetables across Louisiana and Mississippi on Wednesday.
New York June 8. The foreign exchange market shows buoyancy with Britain at 4.11 to 4.12 dollars in various forms and several nations listed with demand and cables figures. Cables for France and Italy are provided along with numerous other currencies and spot rates.
The Chicago dairy and egg market lists butter at 16 931 firm creamery specials with various scores and price ranges from 22 1-4 to 3-4 for extras and 18 3-4 to 21 1-4 for firsts. Eggs show 28 240 firm with extra firsts cars at 12 1-4 and local values at 11 3-4, plus fresh graded firsts and storage packed items with prices from 10 to 13.
New York sugar futures rise with July at 1.49 and January up to 1.60 after early trading of 1.46 and 1.55. The late market gains 3 to 6 points. closes steady 3-4 higher with 34,100 tons sold. Prices listed: July 1.49-50, Sept 1.50-51, Dec 1.57-58, Jan 1.58 bid, Mar 1.64 bid, May 1.68 bid. Ozark Missouri names a new woman sheriff, Mrs Frank Jones, to replace the late officeholder.
In New York the stock market rose early then faced profit taking with many issues touching new highs for the year. Trading stayed feverish at about 6.5 million shares as miners and metals led gains while rails softened and hints of a free gold market circulated among banks. General Motors May sales rose to 85,969 units, with unfilled orders up for Steel. a high turnover reflected broad participation despite intermittent pullbacks.
The Tensas Basin Levee District board met in special session May 24 1933 to discuss locating unemployment camps for U S government projects and to authorize free rights of way and camp sites along levees. Commissioners Ethridge Rolfe Sorrells Grayson Monroe and Whatley voted yes with no opposition.
Call money remained steady at 1 percent for the day as time yields showed small shifts with 60 to 90 days at 3 to 4 to 1 and longer terms around 1 to 11-4 percent. Prime commercial paper quoted at 18-4 and bankers accepts unchanged. Separate item notes Nebraska legislative session enactment rate with 162 laws passed from over 1,000 bills. Key West to establish a historical society to preserve records.
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