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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 15, 1948
Page
11
Markets report irregular cotton futures with distant months firmer and near terms weak. New Orleans and New York show selling pressure on July while later months gain. spot cotton closes steady to lower as export demand remains slack and July notices approach.
Wheat rallied late on short covering after Kansas City gains, with July wheat at 2.28 3/8. Corn rose to 2.17 3/4, oats slipped to 0.93 3/8, soybeans fell to 4.07 for July, and nearby meal and fat futures closed mixed. Lard and other fats closed higher in the session.
Chicago stockyards report salable hogs 12 000, total 17 500 with top 25.50 and bulk 24.50 25.25 for 170-250 pounds. 260-290 pounds 23.50 24.50, 300-350 pounds 22.00 23.50, loads 375-450 pounds 20.50 21.50. Most good 350-600 pound sows 18.00 20.50, lighter weights up to 21.00. Salable cattle 6 000, calves 700. Steers and yearlings 35.00 37.50 at 1 400 pounds. heifers 34.50 36.25, high choice 905 pounds 36.75. Cows 16.50 19.50, beef cows 20.00 25.00, good beef cows to 28.00, bulls 25.50 down, stock cattle slow.
Shipments reach 1,235 with 143 arrivals and 296 on track as supplies stay liberal and demand slows. Market remains slightly weaker for white potatoes while red stays near steady. California Bliss Triumphs range 4.90 to 5.50, various states report Bliss Triumphs at 4.15 to 5.95 depending on variety and destination.
Butter firm receipts 873,659 with prices up to 1/2 cent higher. Cars 90, 77.5. Eggs steady with receipts 39,191 and current receipts 40.5, dirties 39, other prices unchanged. Prices overall unchanged to slight uptick on select items.
Only about 17 percent of the working Jews in Israel live on the land while the rest are employed in commerce and industry in towns, reflecting a predominantly urban economy.
New York stocks firm as oils lead a broad rally while bonds show mixed price changes. Cotton is irregular with selling in New Orleans and some covering. Chicago wheat holds steady to firm on short covering and commercial buying. Corn weak on profit-taking. Oats fall with corn. Hogs active and steady to strong with top at 25.50. Cattle show good demand with fed steers and heifers up 0.59, steer top 38.00.
Fresh buying of oil stocks sparked a broader rise in New York trading. Advances ranged from fractions to about 3 points with many issues at or near peak prices for the year or longer. The rally came with no uptick in overall activity, and total volume reached roughly 1.4 million shares.
A poultry firm notes receipts of 28 trucks with prices largely unchanged. Fowl average 32.5, leghorn fowl 27, roasters 46 to 48, fryers 41 to 44, others holding steady with up to a one cent increase.
Arab League delegates and army chiefs of staff met in Cairo for an exploratory Palestine discussion. UN mediator Folke Bernadotte, traveling from Rhodes, planned talks with Arab leaders and Jewish authorities before potential roundtable discussions. The Hold Land remained largely quiet on the fifth day of the truce as negotiations unfold.
Lake Providence pastor Rev A A Collins is in Baton Rouge for the annual conference at LSU buildings. Mr and Mrs Arnold Rosenzweig travel with their son Paul who attended LSU and their daughter Jennie Wren who attended Southwestern. Paul will return to the university for the summer session.
Senate spends forty minutes on a repeal of federal oleo taxes then moves to other bills. The oleo bill is replaced by a long range farm measure at noon, which is in turn substituted by an appropriation bill by unanimous consent. Under WHO auspices, about 50 million European children are being examined for tuberculosis and 15 million will be vaccinated this year. Tel Aviv, capital of the new Jewish state, has a population of 200,000.
Applications filed with the Collector of Revenue of Louisiana for 1948 permits to sell beer at retail in Ouachita Parish. Toby's Cocktail Lounge 408 Louisville Ave Monroe owner Dean E. Powell. Fay others listed including 8. & G. Sandwich Shop 100 Coleman West Monroe owner Mrs Sarah Wall Gentry.
Public sale announced for June 19 1948 at Monroe court house front door to enforce 1947 taxes with 10 percent interest and costs. Lists dozens of taxpayers with parcels in Ward 2 through Ward 10 and property descriptions. Also mortgage creditors warned of tax sale ads and deadlines.
The Monroe City Council met June 8 1948 presided by the mayor with Commissioner Rodriguez present. Minutes from prior sessions were read and approved. A quarterly statement of receipts and disbursements ending April 30 1948 was read and unanimously adopted for publication.
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