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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 15, 1939
Page
11
New Orleans markets closed steady with securities down 6 points and cotton quiet. Spot cotton finished quiet with low middling at 8.30 cents and middling at 9.45, good middling 10.00, receipts 139, stocks 417009. average middling across ten southern markets down 6 points to 9.48 cents.
New York traders saw mixed activity with prices easing slightly amid crop news from the central belt. Near term positions declined, July and other futures easing several points while spot middling remained nominal at 9.87.
Cotton prices in Liverpool show a firm spot market with higher quotes and limited American presence. Quotation ranges include strict good middling 6.49 and middling 5.79 with futures closing steady to higher for July, Oct, Dec, Jan, March, and May contracts.
New Orleans June 15 trading shows cottonseed oil holding steady with bleachable prime summer yellow at 645 nominal and prime crude at 537 1-2. July 6.07b, September .24b, October 6.27b, December 6.36b, January 641b bids listed.
Chicago markets show 8 000 salable hogs. prices up around 15 per cwt with most up 16. Sows and lighter weights move higher. calves and steers steady to higher. Sheep and lambs also firm with strong demand for native and California spring lambs. ewes decline slightly.
Chicago reports fresh potato market data with U S shipments near 991 and 254 on track. Prices vary by variety and condition from Bliss Triumphs Alabama washed 2.05 2.25 to California long whites under ice 1.95 2.00 with Idaho Russet Burbanks at 1.95 washed and 2.00 for a 1 car job.
Light selling pressure was absent as world sugar futures edged higher in late trading. July led gains, rising to 1.37 after starting 1.28, with May up 3 points to 1.12 1-2. Domestic futures held steady, July at 1.86 and January at 1.90. Raw Puerto Rico at 280 cents supplied the market. Cuba futures quoted around 285 cents duty paid. Refined steady at 445 to 4.50 cents. Futures No. 3 closed flat to up 3. Sales totaled 3,100 tons.
Butter trading at Chicago markets shows unsettled creamery output with a 93 score at 24 1 4 and 92 at 23 3 4 while other grades sit at 23 1 2 to 25. Eggs continue steady with 28 745 priced but details truncated in the report.
New York stocks steady to weak as leaders retreat. Bonds soften with U S government yields down. Commodities show varied moves with cotton and sugar firm on tight world supply. Chicago wheat declines with forecasts of smaller crops. corn and cattle largely steady. hogs strong led by active trade.
In a mixed session on June 15 1936 traders cited subdued gains and losses with the market slipping fractionally led by pressure on American Telephone while some issues finished up. London markets showed weakness amid East Asian tensions as optimism surfaced about raw material usage and a possible new spending program.
Chicago wheat moved higher on stronger Liverpool prices with July at 74 to 73 7-8 and September around 14 1-4 to 1-8. Corn rose early with July near 40 3-4 to 7-8 and September 51 1-8 to 1-4, but wheat closed down from yesterday and oats fell 1 2 to 3-4.
More than 7 000 Louisiana farmers and tenants are being surveyed on farm tenancy conditions. Louisiana State University experiment station leads the study with federal help, mailing questionnaires and conducting personal interviews to map tenancy areas and lease terms across the state.
In Shanghai on June 15, Japanese warships blockaded Kulangsu and cordoned the Tientsin British and French concessions. Britain and France faced food shortages as prices soared and shipping halts worsened. British and Chinese searches, forced disrobes, and detentions marked rising tensions while talks on a broader regional accord stalled.
British authorities in Tientsin doubled security at Race Course road as 150 man garrison tightens patrols amid rising tensions in the Japanese British quarrel. A platoon from the Durham light infantry blockaded the main entrance and residents report growing entry difficulties.
Weather officials warn along Grand Island Louisiana and the Mississippi mouth as a disturbance shifts toward Alabama and Mississippi coasts. Winds reach 14 to 26 mph in Mobile Biloxi Gulfport and Port Eads while barometers fall then rise. Two LSU students drown at New Orleans seawall during the unsettled conditions.
The article outlines a government restructuring proposal backed by Morgenthau and three others. It cites a $5 billion debt held by governmental corporations and distinguishes it from the official public debt of about $40.35 billion. The plan rests on Eccles theory that gradual withdrawal of deficit spending avoids harm to business. Indications suggest the plan may wait for presidential approval and not reach Congress before next year.
Springfield report says two brothers and a cousin were jailed for unpaid fines from an auto collision case. In Nebraska a German speaking woman spied 12 Barred Rock chickens in another’s pen and reported them. the pen owner faced district court on a chicken theft charge with $300 bond.
Bids due 10:00 AM June 30 1939 in Monroe Louisiana for three story addition to Ouachita Parish High School two room addition to Millsaps School and one room addition to Lenw is School all per plans by architect H H Land Separate bids required for each building Documents available from H H Land with 25 deposit Ten percent bid bond required with bids Board may reject all bids By order T O Brown Secretary Monroe La June 14 22 24 1098
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