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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 10, 1937
Page
13
New Orleans June 10. Cotton prices rose 9 to 11 points late in trading with July at 11.97, Oct at 12.10, and Dec at 12.16 while May closed at 12.25. Exports reached 4,669 bales as shorts covered amid rain fears and crop expectations. Spot cotton closed steady with modest gains. low middling at 10.87 and good middling at 12.92.
New Orleans data show middling cotton at 10 southern spot markets averaged 12.37 cents per pound today and 12.85 cents for the past 30 days. The report reflects market activity across the region with price guidance for buyers and sellers.
Liverpool reports 8,000 bales traded with 1,500 American as spot quiet and prices down one point. Quotations show American strict good middling 7.91 to good ordinary 5.41 with futures steady at July 6.89 and May 6.80 among others.
In New Orleans on June 10 cottonseed oil closed steady with bleachable prime summer yellow at 9.60B and prime crude nominal. Futures quotes show July at 9.10B, September 9.13B, October 9.11B, December 9.04B, and January 9.06B. B-Bid A-Asked.
New York June 10 futures for bleach able cottonseed closed steady to 4 to 6 higher with 58 contracts traded. Prices: July 9.61, Sept 9.64, Oct 9.62, Dec 9.55b, Jan 9.59. Bid.
The article explains Polaris is true north only twice daily when it lies directly above or below the true north point. It notes the star serves as a navigational reference despite its fixed position in the sky.
New York stocks uneven with steels and rails outperforming while bonds vary. Foreign exchange holds steady as sterling softens. Cotton stable with active buying. sugar firmer. coffee soft due to liquidation. Chicago wheat firm. corn weak amid large foreign arrivals. Cattle steady at $10-$12 and hogs up $0.10-$0.15 with top at $11.60.
Chicago wheat slid early on weaker Liverpool quotations tied to negligible overseas demand. July futures fell to about 1.08 and later closed largely unchanged. corn and oats also retreated with minor reversals as the market priced in subdued export demand.
Foreign exchange steady in New York on June 10 with British pounds at 493 7 16 dollars and 60 day bills at 4.92 3 16. Various demands include Belgium 1687, Germany Free 40.06 and registered 21.25, Holland 54.99, Sweden 25.45, Denmark 22.04, Spain unquoted, Greece 0.91, Poland 18.97, Czechoslovakia 3.48 1 2, Jugoslavia 2.34, Austria 18.7 in, Hungary 19.80, Romania 0.75, Argentina 32.90, Brazil 8.80 41, Tokyo 28.74, Shanghai 29.85, Hongkong 39.38, Mexico City 27.80, Montreal in New York 100.00, New York in Montreal 100.90. N-Nominal.
U S Department of Agriculture figures show hogs at 13 000 with direct sales 6 000, prices mostly 10 to 15 higher than Wednesday. Cattle and calves total 6 000 Ah week supply Texas bred stock sold 8.25 to 9.25. Vealers 9 to 10. Sheep 8 000 head with fat lambs steady to higher and yearlings up to 25. Sheep and ewes 3.90 to 4.50.
In New York on June 10 sugar futures showed divergence with No. 3 holding firm on stronger spot demand and covering while No. 4 eased from hedge selling. July No. 3 traded around 2.46 after peaking at 2.48, with several months around 2.37 to 2.49. Shark teeth noted as used surgical instruments by the Incas.
New York trading opened with scattered gains led by select names as investors remained cautious. Fresh clashes in the Youngstown district weighed on sentiment while hopes for a near settlement of the steel strike continued to buoy some issues. Douglas Aircraft rose on a strong war department order. U S Steel May shipments fell short of April by about 39 000 tons.
Chicago reports steady old stock but light demand for potatoes. U S No 1 Idaho Russet Burbanks bring 2.00 with few sales, while California White Rose tops at 2.95 2.15 for large sizes and southern stock remains firm. Louisiana and Mississippi Bliss Triumphs show 1.85 to 2.10 with weaker late sales. Alabama and North Carolina items show decay around 1.55 and 1.75 respectively.
Hog market opened 10 cents higher than Wednesday average with top at 9.75. Weighs 180 to 250 lbs fetch 9.40 to 9.75, 150 to 170 lbs 8.40 to 9.15, 130 to 140 lbs 7.00 to 8.00, 100 to 120 lbs 5.75 to 6.85. Cattle steady with good corn fed steers 6.90 to 7.50 and beef cows 3.25 to 4.00. Calves and vealers 6.75 to 7.75 for 150 to 210 lbs.
Chicago June 10 poultry prices show live poultry steady with hens over 5 pounds at 17 1 2 cents per pound. Leghorn and colored breeds vary from 12 to 23 1 2 cents. Turkeys hens at 16, toms 14, ducks white and colored up to 12, geese 9, roosters 13.
Butter at 15 767, unchanged. Eggs 27 396, steady. Fresh graded firsts and local egg cars quoted around 18 1 4 to 18 3 4, with current receipts 1 2 and storage packed firsts and extras 1 4.
Call money remains steady at 1 percent all day with prime commercial paper also at 1 percent. Time loans for 60 to 90 days range from 1 1/2 to 4 1/2 percent as bankers acceptances stay unchanged and the New York Reserve Bank rediscount rate sits at 1 1/2 percent. Samuel Morse, famed inventor, was a portrait painter before his invention work drew him into science.
Circles No 4 and 5 of the W M A hostesses led programs at homes of Mrs. Bankston and Mrs. Vaughn with games, contests, and refreshments. The Tallulah Book Club met at the club house to review federation council reports and plan library improvements. Regenald Ziegler wedding guests from multiple states attended a rehearsal supper hosted by Mr. and Mrs. Voelker at the community club. A final note observes a cabbage worm becoming a butterfly and a tomato worm turning into a moth.
Classified ad sections outline rates per line and multiple classifications for Monroe News-Star and Morning World. The document lists telephone acceptances, closing times, and alphabetical group headings from Legal notices to Automobiles, detailing each category's numeric code for quick reference.
Notice states dissolution of debt responsibility for wife Mrs. J. R. Williams by J. R. Williams in Monroe Louisiana with dated references June 1 4 and 10 1937. It lists a 1930 Dodge Sir D B Senior Forder Sedan Motor 0845 with license 1683 131 stored since November 1 1936 and to be sold at public auction fifteen days after last advertisement for storage due of 42 dollars plus advertising and expenses. Milner Puller Inc dates June 3 10 1937.
In Jonesboro Louisiana the American Legion auxiliary elected officers including Mrs Neil Thomas as president and Mrs Luther Barnes as vice president with Mrs J O Tarbalet secretary and Mrs B Moore chaplain. New chairmen were named for child welfare membership memorial music popping rehabilitation and publicity.
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