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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 14, 1937
Page
9
New Orleans traders faced bear pressure and heavy offerings with futures sliding 8 to 12 points before an after‑mid-session rally. July through May contracts fell, while spot cotton closed 19 points lower amid strong exports of 3,408 bales and ample stock levels at 330,832.
June 14 report shows middling cotton at ten southern spot markets averaging 12.15 cents per pound for today and 12.76 cents for the past thirty days. Prices reflect current market conditions in New Orleans and regional trading centers.
New York reports cotton prices sinking further as Liverpool’s ease, favorable belt weather, and weak stock markets push futures to new lows. July hits 11.75, October 11.86 amid limited rallies. May domestic consumption at 669,460 bales, futures close 8 to 12 points lower, spot middling 12.36.
Liverpool reports no receipts and quiet spot trade with prices falling about 18 points. Quotations show American strict good middling at 7.71, good middling 7.41, strict middling 7.40, middling 6.86, with other grades listed. Futures quiet and steady with July 6.71, October 6.65, December 6.61, January 6.61, May 6.64, 6.05.
Cotton seed oil closed steady in New Orleans on June 14. Bleachable prime summer yellow quoted at 9.25 million-45a. Prime crude nominal. July at 8.80b, Sept 8.83b, Oct 8.8lb, Dec 8.15b, Jan 8.78b. B bid, A asked.
New York June 14 futures forbleachable cottonseed oil eased with 431 contracts traded. July slid to 9.25, September 9.32, October 9.29, December 9.23 24, January 9.23, with 22 switches among the contracts.
New York sugar futures show firm undertone as traders cover and buy on steadier spot market. July No. 3 climbs from 2.47 to 2.48 while March advances 2.40 to 2.43. No. 4 July reaches 1.16 and March 1.30, with minor changes at session start. No. 3 closes steady to 4 higher on 16,000 tons traded. quotes: July 2.47 1/2, Sept 2.51 B, Nov 2.51 N, Jan 2.42 N, March 2.42 B, May 2.44 B.
Ceylon, a crown colony since 1802, is an island roughly equal in area to the U S state of West Virginia, illustrating its substantial geographic scope within the empire.
New York stocks weaken with broad declines as labor rifts widen. Bonds lower and speculative issues retreat while curb and industrials sell off. Foreign exchange steady with franc edging on a bank rate boost. Cotton lower on favorable weather and lower cables. sugar higher on better spot demand. Coffee uneven with Brazilian support. Chicago wheat higher. corn uneven. cattle up to 25 cents. hogs up 10 cents to a top of 11.60.
Wheat prices rose on reports of irreparable crop losses in Saskatchewan and Alberta while futures drifted and then steadied. Corn and oats moved within narrow ranges with late gains. hog, cattle, and sheep markets showed varied strength, with direct hogs near 11.30 to 11.60 and cattle trading up to around 14.90 for select weights.
In New York on June 14 the foreign exchange market showed steady quotes with the pound at 4.93 5-8 for demand and 4.92 3-8 for 60 day bills, while France 4.45 1-8 and Italy 5.26 1-4 figures appeared in the list of demanded rates for various currencies and cross quotes across Belgium Germany Holland and other principal centers.
Chicago dispatch notes light demand for old stock potatoes with weak new stock and heavy supplies. Prices listed by grade and state include California White Rose, North Carolina cobblers, South Carolina cobblers, Texas Cobblers, Arkansas Bliss Triumphs, Oklahoma, Mississippi and Louisiana U S No 1 and No 2 types with frequent decay and price ranges from 1.30 to 1.80 per unit.
Chicago reports live poultry prices by weight for 23 trucks with details for hens, fryers, roosters and turkeys across breeds. The piece notes poultry’s value as food due to fats iron proteins salts vitamins A and B.
New York stocks fell sharply as labor rifts widened and offers expanded. Steel and motor shares led the decline with many issues hitting new lows for the year, while rails, copper, rubber, oils, and farm equipment also sagged. Volume approached 1.3 million shares as utilities generally weakened and fears over union pressure spread to other industries.
Hog market opens 19 cents higher with top around 10.00, judging by the day’s bids for corn fed hogs 180 to 240 pounds. Cattle market remains strong and active with good corn fed steers 6.00 to 7.50 and beef cows 350 to 450, while calves and vealers show steady prices and higher early yields. Arabian camels noted as bred from carefully selected stock with pedigrees longer than Arabian horses.
Classified rates are shown for morning world and News-Star papers with a minimum charge of 450 and per line pricing for various classifications. The advertisement process requires phone orders, with closing times noted and alphabetically organized categories for jobs real estate autos and services.
A damaged OCR fragment lists a missing purse with identification and a cow brand note, then shifts to a funeral tribute for Amay Bro Corte Smith and other locals. It includes stray names, ads for tonics, and notices about exams and coaching, all in a garbled local newspaper style.
A humorous cartoon caption shows a character insisting on saving a quarter until he earns fifty cents, demanding a poll or approval before spending. The exchange highlights thrift and comic negotiation.
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