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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 09, 1937
Page
11
Heavy liquidation in the July option drives New Orleans cotton futures lower with July at 11.85 to 11.87, October 12.01, December 12.08, and March 12.01, while May stays around 12.39. Exports total 22,228 bases and spot cotton in New Orleans closes 21 points lower with low middling at 12.27 and good middling at 12.82.
In New Orleans on June 9 the average price of middling cotton across ten southern spot markets stood at 12.28 cents per pound for the past thirty days, down slightly to 1289 cents in yesterday's report.
New York market notes renewed selling on Wall Street and abroad as crop progress reports from the weather bureau boost confidence. All positions beyond January slip under 12 cents with October around 11.95, while futures close steady but 13 to 20 points lower and spot middling at 12.49.
In New York sugar futures the No. 4 contract slipped from early gains to under liquidation while July and March contracts eased. No. 3 held steadier with mixed changes as trade covering and hedge activity influenced prices. The market closed with selective modest moves and activity reported around 6,600 tons.
Markets at a glance report mixed activity in New York with ragged stock demand and light curb trading while bonds gain on high grade issues. Chicago wheat stays firm ahead of the government report and cattle rise with hogs steady to strong to a top of 11.50.
Chicago grain markets rose as Liverpool quotations climbed on Canadian crop prospects and wet US harvest fears. July wheat opened higher and then steadied with gains of about a quarter to three eighths, while corn edged up early and finished near the prior close. oats fluctuated with small moves.
The New York market shows steady foreign exchange with Britain at 4.93 3-4 dollars, France 4.45 1-4, Italy 5.26 1-4, and varied rates for Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Portugal Greece Poland and others. N-Nominal.
Liverpool notes a quiet market with 11 000 bases including 8 000 American. Spot prices fall seven points and futures close quiet with July at 6.91 and May at 6.83. Quotations list American strict good middling 7.92 and various other grades down from prior levels.
New York stock market rose fractions on twists from a seven state steel strike, a Michigan Saginaw valley power strike, and silk industry threats. Traders noted irregular gains in specialties and shipbuilding while broad lists lagged. volume around 650 000 shares as key names like U S Rubber and Coca Cola led, while General Electric and Sears lagged.
Chicago markets show hogs 12 000 head including 4 000 direct with steady to strong tone. Cattle and calves 7 590 and 1 500 with fed cattle and yearlings active and higher. Sheep 9 000 with opening slow but generally steady across classes and lambs around 12 ½ to 13 dollars.
In New Orleans on June 9 cottonseed oil closed steady with bids and asks noted. Bleachable prime summer yellow quoted around 9.70 to 9.90 cents, prime crude nominal. Futures shown for July 9.08, September 9.10, October 9.08, December 9.02, and January 9.05 cents.
New York June 9. Bleach able cottonseed oil futures closed easy with declines from 4 to 9 points. Trade totaled 177 contracts with July at 9.56, Sept at 9.59, Oct 9.55b, Dec 9.51-52, and Jan 9.53b. B-Bid.
Poultry prices steady for hens and colored birds with multiple weight classes listed. Leghorn, Plymouth Rock, White Rock and other breeds show varied quotes including roosters, turkeys, ducks and geese with numbers indicating weights and changes.
Butter and eggs in Chicago on June 9 show steady prices with no changes. Butter at 18,078 units and eggs at 24,701 units, both unchanged.
Famed humorist Harry Lauder arrived in Hollywood on his world tour and explained he is funding the trip with 10-cent pieces saved during his career. The 67 year old entertainer continued his cruise to California after a stop in Australia.
Potatoes in U S shipments total 1 175 with light demand and light supplies. Idaho russet Burbanks sell up to 2 50 for large U S No 1 quality and 2 10 2 15 for few sales. California White Rose mostly 2 05 2 15, Louisiana Bliss Triumphs 1 85 2 10, Mississippi Bliss Triumphs 1 80 2 00, Alabama varieties show decay and weaker prices.
Hog market opened about 15 cents higher than Tuesday average with top at 9.65. Prices span from 5.75 to 9.65 across hog weights and grades. Cattle market steady with good corn fed steers 6.00 to 7.50 and beef cows 3.25 to 4.00. Calves and vealers up to 7.50. stockyard strike at National Stockyards, Ill, settled and trading back to normal.
Tests at the University of Michigan show bronze coated radiators drop 25 percent in efficiency while oil paints or enamel do not hinder radiation. Bronze surfaces can be restored with an oil paint coating and wall matching colors help radiators blend with surroundings. Modern homes hide radiators and include coverings or shelves to conceal them. The federal housing administration insures mortgages for home financing. Dining cars equip with 800 china pieces, 240 glassware, 550 silver items, 980 napkins and tablecloths, and 200 kitchen items.
The notice outlines rate information for MONROE NEWS-STAR and MORNING WORLD ads with minimum charges and Sunday deadlines. It lists classifications alphabetically from Announcements to Automobiles, detailing group headings and ad categories for quick reference.
By order to pay debts of W B Hill succession in Docket 1890 the Fourth District Court of Ouachita Parish Louisiana will offer for sale at public auction the real estate in Monroe described as Lot in Northwest corner of Lot 20 Alexander's Addition facing 100 feet on Lee Avenue and 150 feet deep. Sale at appraised value for cash per law. Executor R B Blanks. Monroe May 19 26 June 2 9 18 1937.
Call money in New York on June 9 remains steady at 1 percent all day. Prime commercial paper at 1 percent, time loans steady with 60 to 90 day maturities at 1 1/2 percent, 4 to 6 months at 1 1/2 percent, bankers acceptances unchanged, rediscount rate at the New York Reserve Bank at 1 1/2 percent. A churchwarden pipe is described as a slender stem pipe 16 to 20 inches long.
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