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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 14, 1933
Page
7
In New Orleans on June 14 the cotton market staged a moderate session with erratic but mostly firmer moves aided by a favorable weekly weather report and a bullish May domestic consumption of 620,909 bales. Prices fluctuated from early declines to mid-session recoveries, closing roughly steady with a slight net gain as exports reached 19,362 bales.
Spot cotton in New Orleans on June 14 closes steady with no change. Sales reach 1,145 while receipts total 805 and stock stands at 892,922. Prices for grade ranges are low middling 8.73, middling 9.23, good middling 9.63.
On June 14 in New York the 4 percent cotton market showed moderate activity with irregular moves in a tight market. July contracts fell to 9.16 before rebounding to about 9.23 as buying and trade activity supported values. late-day firmness was aided by sterling strength and trade demand. Spot middling stood at 9.35.
Liverpool reports 14 000 bales sold including 1 700 American. Spot demand improves with prices unchanged. American strict good middling 6.99, good middling 6.69, strict middling 6.39, middling 6.24, strict low middling 6.09, low middling 5.89, strict good ordinary 5.69, good ordinary 5.39. Futures close quiet and steady: July 5.97, Oct 5.96, Dec 5.99, Jan 6.00, March 6.04, May 6.07.
Bleachable cottonseed oil futures in New York closed easy with spot at 5.50 to 5.78 cents, ranges for June through December, and 10 contracts sold. B-Bid.
In New Orleans on June 14, cottonseed oil closed barely steady with Prime summer yellow at 5.05 to 5.15 and Prime crude 4.25 to 4.50. Futures for June 5.00, July 5.06, August 5.07, September 5.19, October 5.23, November 5.28, and December 5.38 were reported.
Foreign exchange rates are listed for June 14 with Great Britain at 4.08 5-3 dollars and 4.08 3-4 in cables, 60day bills 4.07 3-4. France, Italy, Belgium, Germany, and other nations show various demand and cable figures. Additional spots include Tokyo, Shanghai, Hongkong, Mexico City, and Montreal exchange values.
In Chicago on June 14, Batter totals 16 009 unsettled with various grades and scores, including 93 for creamery specials and regional ranges. Eggs total 15 772 unsettled with multiple car grades and price points, including fresh graded firsts cars at 11 1 2 and storage packed extras at 12 1 4.
Call money in New York remained steady at 1 percent all day. Time loans held firm with 60 to 90 days near 1 and 4 months around 1 to 11 4 percent, 5 to 6 months near 1 to 11 2 percent. Prime commercial paper and bankers acceptances quoted accordingly.
The New York stock market rose from early losses Wednesday as rails showed limited strength and the American dollar fell in foreign exchange markets. Transactions reached about 5.5 million shares amid erratic trading and profit taking in commodities. Analysts cited Federal Reserve open market actions and insurance sector strength as supporting factors.
A dense OCR fragment lists major American companies with percentage figures, including Allied Chemical, American Can, American Car and Foundry, American Locomotive, Amoco, Bethlehem Steel, DuPont, General Electric, International Paper, United States Steel, and more. The scattered entries imply a catalog or stock table from a financial page, noting percentages and ticker hints for investors.
Markets show irregularities across stocks and bonds with German issues strong and utilities firm. Foreign exchanges firm as sterling rallies while cotton and coffee hold steady on favorable weather. Chicago notes wheat lower, corn weak, cattle and hogs softer with hogs down to 4.70.
Chicago grain markets opened under pressure from uncertainties at the London economic conference. Wheat fell 3 8 to 3 4, corn opened unchanged to 3 4 lower and then declined across the board with oats down 3 8 to 3 4, and provisions down 12 to 20 cents from yesterday's close.
A Shreveport meeting launched a movement to form a state federation of Italian women's clubs in Louisiana. Tony Titone was named temporary chairman and Mrs. Paul Angelo temporary secretary as plans set for a July 1 gathering at Mrs. Sam Diapalo's home in Natchitoches to finalize steps. All Italian women’s clubs in the state were invited to send representatives.
The Monroe Welfare association held its regular monthly meeting at its headquarters on South Grand Wednesday at 10 a m. Only routine matters were discussed. The Louisiana Baptist Children's Home board will meet for their summer annual meeting at 9 a m Thursday. Children at the Baptist home under Miss Malva Ponder will sponsor a religious program at the Baptist church at 11 o'clock.
U S delegation chief Mr Hull urged removal of trade barrier excesses and a permanent monetary standard. He called for freer exchange, warned against selfish nation interests, and urged a middle course between economic extremes to restore prosperity and confidence. Prime Minister MacDonald observed as Hull spoke with firm authority.
New Orleans June 14 report shows steady tomato lines and ample supply of Louisiana tomatoes green corn shop beans and butter beans at lower prices. Prices vary for peaches mangos lettuce cherries apples and other produce with detailed per basket crate and box figures from Louisiana Georgia Florida California Washington and Mexico. Tuesday shipments list tomatoes peppers potatoes mixed vegetables sweet potatoes green corn and cucumbers from Louisiana and Mississippi.
The chief of press at the Austrian legation in Berlin was arrested by orders from the Prussian premier Goering after he claimed diplomatic immunity. Wasserbaeck refused to yield until police threatened to break down the door and later surrendered. International protests followed from Chancellor Dollfuss and Foreign Minister Neurath.
Chicago market report shows hogs 36 000 with direct 18 000. prices 10 15 lower than Tuesday. top 4 70 for medium 200 250 lbs. Cattle 12 000 calves 2 500 steady standstill with varied weights and good to choice offerings. Sheep 10 000 not fully established with natives good to choice lambs 7 25 7 35 and ewes 1 75 3 00.
Dr. Herman N. Bundesen, president of Chicago’s board of health, declares rats public health enemy No. 1. He urges rat-proofing new buildings with wire mesh and concrete stops, rat-proofing old structures, cleaning shelters, using rat-proof containers, and using frogs and poison away from children and pets.
Mrs. Ouida Kilgore Gill widow of Frank Gill died at the Ruston Lincoln sanitarium after an operation. She leaves son Frank Gill and father J. R. Kilgore with four sisters in Farmerville and Mrs Lewis in Natchez. Burial was in Greenwood cemetery. The infant son of Mr and Mrs Stanley Wall died shortly after birth in Lake Providence and funeral was at Peters chapel with interment in Monroe cemetery.
The political standoff over state money escalates as Governor Talmadge orders funds moved to the capitol vaults to block access by the board. Guards are posted to enforce the action.
Washington reports White House orders push the government recovery plan to start within thirty days as part of the drive to revive industry.
A notice of sale in Ouachita Parish Louisiana describes a sheriff sale under a writ from Fourth District Court. It lists Lot 6 of Hood's re subdivision in section 44 as the seized property, to be sold at the courthouse in Monroe on June 17 1933 for cash with no appraisement to the highest bidder.
Chicago June 14 USDA report shows U S potato shipments at 685 with new stock, trading moderate and supplies moderate. Alabama Louisiana prices 2.15 2.35 per cwt with decayed 2.00 2.10. Texas 2.25 2.35, few 2.50. North Carolina cobblers 3.30 3.40. northern stock firm. Idaho steady, Wisconsin round whites Michigan russets 5 1.06, Idaho russets few sales 1.65.
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