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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 12, 1942
Page
9
Public notices appear from Monroe Louisiana dated June 8 12 and 18 1941. Notices reference city affairs and legal or civic items to be observed or complied with by residents and local entities.
London observers note Hitler's anxiety as Germany rushes to defend the coast and mass armies for a possible Moscow assault. American victory at Midway strengthens air and sea defenses, while Chinese and Japanese moves in Chekiang Kiangsi and Kweilin unfold with Flying Tigers in action and Allied raids on Raabau, New Britain.
River stage readings in feet and 24 hour change data are presented for several gauges. Authorities urge caution for lowland areas and monitor crest forecasts for upcoming days.
The item lists three quiz questions: the 40th division known as the Sunshine division for its sunny training locale, the act that established selective service, and the first use of chlorine gas.
The trial of eight chemical companies and 2M individuals on conspiracy charges to monopolize dyestuffs has been postponed to a later date. Secretary Stimson said proceeding would interfere with war production. the delay follows a war departments accord approved by President Roosevelt. Defendants include E. I. duPont, Allied Chemical and Dye, American Cyanamid, General Aniline and Film, General Dyestuff, Geigy, Sandoz, and Ciba.
The Louisiana Senate judiciary committee voted unanimously against a bill that would grant city finance commissioners in at least 10 cities full control over municipal finances. Opponents argued the measure would grant dictatorial powers, with city commissioners John Mc Ford Shreveport W D H Rodriguez Monroe and Houma Mayor Edward Wright among those opposing.
Tokyo radio said shipping shares on the Tokyo Exchange soared to new highs after noting Japan had moved to the United States front door in the war effort. The commentary linked the rise to the Midway battle where American forces delivered a major defeat to Japan.
Market brief notes New York readers retreat as stacks fall and bonds show narrow fluctuations. Cotton unsettled with New Orleans selling. Chicago reports wheat easy early with gains erased, corn down on favorable crop news. Hogs steady at top 14.25 with supply matching slaughter needs. Cattle broadly steady with very small inventory.
Rapid price moves in New Orleans cotton futures left the market steady to slightly lower with long liquidation offset by buying. Spot cotton closed modestly higher amid gains in low to good middling values. cottonseed oil remained steady with various bids quoted for July through December contracts.
New York stocks trimmed gains and retreated more than two points as mild early bidding faded. Turnover was light with transfers around 250000 shares, while bonds and commodities mixed and Chicago wheat and corn fell modestly. Cotton rose in late trades as war news offered little bullish lift.
Cotton futures showed nervous fluctuations in New York as trading volume remained slim amid unsettled farm legislation. Late trades lifted values 5 to 25 cents a bale with July at 17.95 and December near 18.25 to 18.44, while spot middling climbed to about 19.47 as New Orleans demand supported the market.
Salable hogs 7 000, total 14 000. active and mostly steady. Top hogs 14 25, good and choice 180 331 lbs 14 00 14 25. 160 190 lb offerings 13 75 14 15. sows 13 50 13 85. Cattle: run mostly medium to good steers 11 50 12 75, heifers 10 50 12 50, cows 9 00 10 00. Vealers 14 75, stock cattle week 25 50 lower.
Chicago starch market notes arrivals 140 on track 315 total U S shipments 1 035 demand slow market weak. Louisiana Bliss Triumphs U S No 1 2 65 80 price range and Mississippi Bliss Triumphs U S No 1 2 60 65.
Butter receipts reach 1,219,668 with a steady market. Eggs receipts total 23,627 with prices firm and market unchanged.
Chairman Vinson reports the Navy will train 2,500 pilots per month by year end, up from 600 at war onset. He cites Rear Admiral Towers and notes overall aviation production is high, despite delays, honoring naval aviation in Coral Sea and Midway engagements.
Twenty survivors report the sinking of a Swedish cargo ship in the south Atlantic after a near collision with a surfaced submarine. The master said the attack occurred at 8:45 p m central war time as the submarine charged its batteries.
Wheat prices in Chicago rose fractions to a cent on mill buying and short covering but weakened late as corn declined. Wheat closed unchanged to 3-8 lower from yesterday with July at 1.187-8 and September 1.211-4 to 1.48, corn off 1-4 to 1-2 with July 86-86 1-8 and September 88 5-8 to 3-4.
Chicago markets report live poultry and turkey prices with 29 trucks moving stock. Hens over five pounds sell around 1814, broilers 24 pounds down, colored varieties 33, Plymouth Rock 25, White Rock 23 to 30, roosters 20 to 23, leghorn rooster 13 and turkeys with toms 18 hens 21.
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