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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 08, 1934
Page
13
In New York on June 8, early declines gave way to partial recoveries as wetter forecasts and weak Liverpool cables spurred selling. October rose from 12.17 to 12.25 before late-day liquidation and regional selling left futures barely steady at 5-6 points lower. spot middling at 12.15.
Spot cotton closed steady with a three point drop. Sales reached 947 with low middling at 11.50 and middling at 12.15, good middling 12.60. Receipts 3,804 and stock at 646,740 in New Orleans on June 8.
Cotton market in Liverpool shows spot business firm with prices up five points. Quotations list American and middling grades with values from 5.66 to 7.16 and futures closing steady for July to May months.
In New Orleans June 8 cottonseed oil closed steady with prime summer yellow 4.65 to 4.80 and crude 4.00 to 4.25 while June 4.77 July 4.83 September 5.04 October 5.11 December 5.26. In New York June 8 bleachable futures closed steady with spot at 5.10B and July 5.25B through Dec 5.73 with 35 contracts traded including 24 switches.
New York sugar prices show a narrow change with July futures rising from 1.56 to 1.57 and December from 1.71 to 1.72, while July 1.54 55 and other months finish near last quotes. Trading ends barely steady with 17,000 tons sold and prices up to 1.82 for May.
Butter prices show a 15 086 firm with various grades from 93 score for specials to 86-87 for seconds. Eggs list 19 318 firm with extra firsts and fresh graded firsts in the 13 to 15 1-4 range. no egg sales reported.
Potatoes in U S shipments total 932 old stock about steady supplies moderate demand and trading slow Idaho russets U S No 1 1 60 1 70 new stock slightly weaker supplies moderate demand and trading slow Alabama U S No 1 1 60 1 75 Louisiana 1 65 1 72 decayed Texas U S No 1 1 75 Oklahoma 1 60 decayed 1 50 U S No 2 1 25 California White Rose U S No 1 1 87 1 2 Texas cobblers U S No 1 1 85
New York stocks rallied today as traders grew more hopeful about averting a steel strike. Prices rose 1 to 5 points on a broad front with notable gains in Allied Chemical Du Pont Bethlehem Steel and U S Steel, while government crop data and relief on labor talks buoyed sentiment.
Kingston N C June 8 A farm mule named Mike lived to 45 prompting livestock experts to revise breed longevity calculations The animal was 13 when Ira D Sparrow bought him in 1902 and remained with the Sparrow family until his death recently.
New York stocks advance sharply while bonds firm and secondary issues improve. Curb and specialty shares lead gains. foreign exchanges steady with weaker sterling. Cotton and sugar hold firm as coffee ease and selling pressure grows. Chicago wheat strengthens with stocks, corn firm amid chinch bug issues. Cattle bids decline with unsold lots, hogs active and steady around 3.85.
Chicago grains opened with mixed moves as July wheat rose briefly and corn fell, then broadly slid. Wheat finished with little change up to 1-2 cents from last session while July corn advanced 3-8 to 3-8, oats gained 3-8 to 3-4, and provisions rose 10 to 15 cents.
Chicago market update shows hogs at 20 000 head with direct 10 000. Prices for 250 350 lb hogs 3 75 3 85 top. most pigs 2 25 lower. Cattle 2 000, calves 1 000 with ranges across weights. vealers 4 00 5 00. Sheep 5 000, steady with spring lambs 8 00 8 50 and ewes 1 00 2 09.
Foreign exchange irregular with Great Britain at 5.06 dollars per pound, France at 6.60, Italy at 8.66, and various demands shown for Belgium to Hungary. Other notable quotes include Tokyo at 30.12, Shanghai 33.25, Hong Kong 36.63, and silver peso in Mexico City at 28.00. Nominal marks marked with x.
Call money steady at 1 percent all day. Time loans unchanged for 60 days 6 months and 3 4 to 1 percent. Prime commercial paper 3 4. Bankers acceptances unchanged. Rediscount rate at New York reserve bank 11 2 percent.
President Roosevelt absent as efforts to prevent steel industry strikes resume. Governor Pinchot flies to Washington to meet Secretary Perkins on the steel situation. Weirton Steel reports over 95 percent of workers in Weirton and Steubenville oppose a strike. AFL President William Green accuses Congress of failing to pass labor reform. Horlick Malted Milk plant in Racine sees 130 workers strike for higher pay and union recognition. Oklahoma City packing plants Armour and Wilson threaten to terminate strikers after 900 workers walk out.
Secretary Perkins announced a union conference outcome in Washington as workers to choose a committee to meet with her and NRA head Hugh S. Johnson to shape mediation on upcoming strikes. Officials said negotiations not yet ready for a presidential recommendation.
A month into the longshoremen strike on the Pacific coast bombs fell near a guardhouse in Los Angeles where non union workers are housed. A guard, Alonzo Arguello, was blinded by sand from a bomb fragment and treated at an emergency hospital.
Commission endorses scheduled bout for June 14 after medical examiners declare both Baer and Carnera in good health. Commissioner Brown notes prior doubts about Baer's condition but accepts doctors' findings and cites Schaaf case to contrast with this fight.
Live poultry prices reported in Chicago show steady trading across 39 trucks. Hens range 11.5 to 12 cents, leghorn hens 9, Rock fryers 24, colored birds 21 to 26, spring ducks 12 to 14, turkeys 10 to 13, old geese 7.
Ranger Frank Childs reports from Yellowstone Park that bears do not sleep through winter. Tests show bears in dens stirred constantly as warming winds arrived. Observations from a winter vigil reveal awake periods and playful behavior despite cold.
Public notices announce sheriff s sales in Monroe Louisiana Ouachita Parish including Central Savings Bank and Trust Company against W C Daughtry and others with properties in Millageville and Hudson riverside additions plus notices for administration and various city court executions on June 1934. Seized properties include land lots in square 3 20 44 Layton additions and a 1929 Ford sedan.
House termite prevention offered with guaranteed work and contact phone 9259. Spataforas Pharmacy delivers ice cream pints and quarts licensed at 30c, phone 2333.
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