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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 14, 1932
Page
8
Cotton was moderately active with prices fluctuating but trending up as July, October, and December futures rose from early lows. Gains peaked late in the day to near session highs, aided by firmer stocks and strong demand before easing on selling and weather expectations. Exports totaled 10,982 bales and May mill consumption reached 332,439 bales.
In New York on June 14, cotton prices rose early on news of rains in the eastern belt and reports of growing boll weevil infestations. July liquidation was absorbed by trade buying and later covering, with commissions and later deliveries supported by renewed buying, but the market finished largely steady after some profit taking.
New York trading opened with gains of 7 to 9 points as July spot horse buying persisted and a broker tied to Far East interests bought about 10 000 bales early. July liquidation dominated the opening with contribution from local professionals and New Orleans south sales.
Call money steady at 2 1/2 percent all day. Time loans steady at 60 to 8 days 1 2 and 4 6 months 1 1/2 percent. Prime commercial paper quoted 2 3/4 to 3 percent. Bankers acceptance rates unchanged.
New York market reports show stocks firm and chemical issues aiding gains while bonds are irregular. Curb steady with narrow changes and foreign exchange easing as French francs decline. Cotton and sugar rise with rain in the eastern belt and steady spot sugar. coffee weak on poor demand. Chicago wheat soft, central west rains good. corn steady on light receipts. Illinois reports bullish. Cattle irregular and hogs active and higher.
Chicago June 14 reports show wheat futures falling 3 4 to 1 1 8 under yesterday's finish after early 3-8 to 13-8 breaks on European quotes and Liverpool selling. Corn opened 1-4 to 1-2 down, firming to near initial limits. oats and provisions moved variably with small gains and losses.
On June 14 market notes show steady demand for fruits and vegetables. Prices include Cuban alligator pears 3.00 to 3.25 per bushel, cucumbers 1.00, peppers 2.00 to 2.50, and green corn 0.75 to 1.00 per hundred ears. Louisiana cars shipped include potatoes and sweet potatoes, with Mississippi car shipments of tomatoes and mixed vegetables.
Cattle and hogs at Chicago auction show mixed demand with hogs 19 000 head including 2000 direct sales. top hogs at 3.70 per lb, 230 to 260 lb range 3.45 to 3.65, pigs 2.90 to 3.35 per lb. Cattle about 7000 head with slow but steady steer trade, vealers down, fat steers 5.50 to 6.75, heavier cattle 6.50 to 7.75 per cwt. Sheep at 8000 head with scarce supply and lambs 6.25 to 7.10 per lb for light ewes 1.00 to 2.25.
New York June 14 wholesale foreign exchange quotes list Great Britain in dollars and other currencies in cents. Major rates include Britain 3.667-8 demand and 2.471-8 cables, France 3.937-16, Italy 5.125-16, Belgium 13.941-2, Germany 23.65, Sweden 18.79, Denmark 20.04, Switzerland 19.51-2, Spain 8.25, Argentina 25.79, Brazil 7.55-2, Tokyo 31.25-1-4, Shanghai 30.50, Montreal 86.50, Mexico City 27.40. Nominal rate noted.
Butter prices at 176 steady with no change. Egg totals reach 16 937 in Chicago with prices unchanged.
New York stocks maintained a firm tone with several advances in the afternoon. Major gains appeared in U S Steel, American Can, American Sugar and Allied Chemical as investors watched railroad and bond market activity and awaited congressional adjournment.
In a lab scene Dr Barnes photographs a note and my father notes a plan to brand it a forgery after it is photographed. The sequence shows careful handling to avoid fingerprints as a box is prepared for later archival exposure. The passage ends with a note to Maud about the forgery.
Adele Garrison recounts finding a handwritten note attributed to Marion and Carolyn, with Marion’s voice and Carolyn’s signature. The father notes possible forgeries by unknowns who may have forged handwriting, while Marion’s distinct spelling and phrasing raise doubts about authorship.
Cottonseed oil markets in New York and New Orleans closed steady on June 14. Prices show Prime summer yellow varying from 2.95 to 3.95 and prime crude around 2.50 to 2.62 with several monthly futures listed. Sales totaled 35 contracts in New York, with specific futures figures for June through January and implied inventory activity.
Liverpool reports a quiet spot market with cotton at higher quotes. American 10,000 bales included, futures close very steady with July to May ranges shown from 3.88 to 4.03 and several price levels for grades from strict good middling to good ordinary.
Potatoes in Chicago on June 14 show mixed prices and steady to moderate supplies. Idaho russets 125-135, Wisconsin round whites 70-80, Michigan russet rials 80-85, southern Bliss 1.35-1.50, North Carolina barrel Irish 2.75, trading slows with dull activity and moderate stock levels.
New York sugar futures firmed through the day with early gains of 3 to 4 points lifting values 17 to 20 points above monthly lows. By 2 p.m. prices were 1 to 2 points above the prior close, and the market closed steady with 2-3 higher moves. Approximate daily trade totals noted at 3,650 tons with July at 15-76 and May around 1.01-02.
The Hi Assembly of the Louisiana conference Methodist church opened today for ages 12 to 15 with participants from local churches including Mrs. W. S. Garnett Miss Stella M. May Miss Claudia Scholars and Billie Ganaway. The day featured registration meals and a full program from 10 to 5 including class assignments faculty meetings and vesper prayers.
Misses Winifred Riggs Mary Be noit and Alice Thompson members of Monroe Y W C A Business Girls club arrived at Camp Nakanawa Mayland Tenn for a two week Southern Business Girls conference. Regular meeting of the local club was held last night with Bible class tonight and Woolworth girls Morgan and Lindsey club meetings planned for Thursday.
Miss Lillian Collins registrar of voters visited Fairbanks and Sterlington to issue poll tax receipts for the Democratic primary. She plans an afternoon in Sterlington after a morning in Fairbanks as part of her annual pre election effort to allow registration without Monroe travel.
Devolutive bond filed in district court by plaintiff Mrs Oliver Warner Crowell in the case Crowell versus New Hampshire Life Insurance Co. Bond supports appeal to the higher court over a house fire at 208 Stewart Avenue West Monroe on June 17 1929. Crowell says policy was altered without consent to D H Strength of Overton Texas.
P A Poag Monroe secretary treasurer learns of his mother Martha Poag death in Rock Hill S C age 86 widow of W T Poag. He leaves by Illinois Central train to attend funeral with four sons and four daughters surviving including P A Poag J T Poag J L Poag and S J Poag.
Vernie M. Graham filed a district court suit for 2850 against Joseph W. Swift and Mildred Swift after a June 19, 1931, collision in the 2500 block of DeSiard Street. Graham, 45 mph estimate, says he was left turning when Mrs. Swift allegedly passed at hazards, demolishing his Ford coupe and causing unconsciousness and medical care.
Evidence closed yesterday in the divorce case of Mrs. Mary Louise Lambert versus Johnnie N. Lambert over custody of a two year old and alimony of 50 dollars monthly. The trial focused on an alleged alibi for Lambert to counter testimony by D. W. Griffith and other witnesses.
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