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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 16, 1937
Page
9
New Orleans cotton market opens with selling pressure and final hour steadiness. July at 11.83, Oct 11.98, Dec 12.04, May 12.16 amid favorable cables and non intervention talks. Spot cotton closes quiet with sales 341 and middling prices around 12.23 to 12.78.
Moderate early gains in cotton faded in later trading amid liquidation prompted by favorable weekly weather data. October futures slipped from 12.09 to 11.97 and hovered around 12.00 in quiet trading with 5 to 7 point moves. Futures closed steady, spot middling at 12.43.
Liverpool on June 16 reports 3,000 bases of cotton traded with 600 American. Spot prices rise modestly with quoted levels including American good middling 7.83 and low middling 6.23. Futures close very steady at July 6.85 and other month quotes from 6.73 to 6.78.
In New Orleans on June 16 term cottonseed oil closed steady with bids and asks noted. Prices listed for summer and future months show slight variations with July near 8.63 cents and September to January around 8.65 to 8.55 cents, marked bid or asked as appropriate.
New York June 16 futures for cottonseed closed easy with declines from 10 to 17 cents. Volume 294 contracts with July at 9.15 and September at 9.16 cents per pound. Prices listed for October at 9.16 and January at 9.06. B bid.
Sugar futures in New York show brisk activity with July No. 4 up to 1.20 and Sept. 1.23 as buying from local and European commission houses and covering increased. No. 3 July reaches 2.49 and Sept. 2.53 with last hour near best prices. No. 3 closes steady to three higher on 23,300 tons.
Chicago June poultry prices show hens steady and chickens easy with mixed gains across breeds. Leghorn hens 12 1-2 to 17, colored varieties up to 22 1-2 for breeds like Plymouth Rock and White Rock, turkeys hens 15 and toms 14, ducks and geese lower at 4 1-2 to 9 per pound.
CHICAGO June 16 Butter 17 979 tons sold steady with prices unchanged. Eggs 18 977 tons traded firm with no price change. The treasury plans to use 1 016 tons of paper for printing the nation's currency in the 1938 fiscal year.
New York stocks slide with steel and automobile shares leading the quiet decline while bonds show uneven gains for U S governments. Oil edges up, forex steady with sterling weaker. Cotton steady amid poor weather and buying, sugar firmer, coffee weaker. Chicago wheat declines as Canadian showers arrive. corn unstable with spread operations. Cattle steady to strong and hog prices near 11.35 a hundredweight.
Chicago set mixed gains as crop damage in southern Saskatchewan and persistent rainfall in domestic harvest areas lifted wheat futures early. July and September contracts for wheat and corn showed initial advances before closing varied, with oats dropping.
Chicago notes show light demand and supplies with varied prices for Russet Burbanks from Idaho Montana and Washington. California White Rose North Carolina Cobblers and other varieties trade with prices ranging from 1.00 to 1.80 per cwt amid decay and fair to good quality conditions.
The market shows steady exchange with Great Britain at 493 3-4 dollars, cables at 4.93 3-4, and 60 day bills at 4.92 1-2. Various nations follow with France 4.45 1-2, Italy 5.26 1-4, Belgium 16 88, Germany Free 40.08, and others including Holland 54.99, Norway 2482, Sweden 25.47, Denmark 22.05, and Poland 18.97 in asked figures.
Livestock market roundup from Chicago on June 16 shows hogs at steady to Tuesday's averages with 12 000 head including 4900 direct. Cattle and calves total about 10 000 with steady to strong demand for fed steers yearlings and mixed lots. Sheep and lambs indicate weakness with native spring lambs slow and 25 lower. prices listed for vealers cows and bulls.
New York stocks drift lower on June 16 as steel industry strike tensions rise. Traders cite prolonged conflict potential and resistance by Republic Steel and Youngstown Sheet and Tube to CSO contracts. Major issues showing pressure include Republic Steel Inland Steel General Motors U S Rubber Du Pont and Bethlehem Steel. Grains and bonds show mixed moves amid broader economic anxieties.
The picture shows Sir Oliver Lodge at his Nor Manton Lake estate near Salisbury England on his 86th birthday June 12. The famed scientist remains active in physical research into life after death and continues his lifelong interest in the subject.
Louisiana officials asked the Social Security Board and Employment Service to approve raising the state's unemployment compensation offices from 19 to 64. State Labor Commissioner B W Cason, Philip J Charlet, R W Bradbury, and other officials cited the need to speed unemployment payments and add 110 staff. A separate note reports sales data on department store workers.
Call money holds at 1 percent all day and prime commercial paper remains at 1 percent. Time loans steady with 60-90 day at 1 1/4 to 1/2 percent and 4-6 months at 1 1/2 percent. Bankers acceptances unchanged. Rediscount rate at New York Reserve Bank stands at 1 1/2 percent.
The Fourth District Court in Ouachita Parish Louisiana announces two sheriff sale notices. Edward H Farr and Milton Coverdale authorize seizure of property for case 20744, with Lot 10 Block 14 Breard subdivision and Lot 3 Block 3 Rainbow Addition up for bid July 3 1937 at Monroe courthouse. Cash payments required. sale subject to costs and court terms.
Jimmie Mattern former round the world flier and H S Jones an oil man announce a two man team for the Paris Marseilles Damascus flight set to start August 20 Jones serves as navigator and they have partnered on prior long flights in the past.
Tatsujiro Yoshino of the Japanese Aeronautic Research Institute was killed when the new midget aircraft Louise of the Sky broke apart during a test flight over Tokyo.
The United States circuit court of appeals mandate dissolving an injunction against the Tennessee Valley Authority was signed today by Federal Judge John J. Gore. The injunction, obtained by 19 power companies before Judge Gore in the middle Tennessee district court, barred TVA from expanding its program.
The Louisiana Fourth District Court issues seizure and bale under a writ in the case Home Owners Loan Corporation versus Rhoda Ames No 26844. Property described as Lot 16 of Block 7 Maryland’s Addition to Monroe LA as per plat in Plat Book 3 Ouachita Parish records. Seizure and sale and all costs. June 1 8 16 33 30 1937.
Hog market opened about 15 cents lower than Tuesday with top 9.60 for 180 to 250 lb animals. Prices listed for weights 150-170, 130-140, and lighter categories. sows, stock pigs, and common woods included. Cattle steady with various grades and weights. calves and heifers also noted. Trains required to stop at a highway crossing in Lawrenceville, Virginia.
A male brindie Boston terrier was found near the Monroe Hotel and brought to the barber shop for identification. Local residents are asked to claim the dog with a description and proof of ownership.
Milton Cordalre, sheriff, conducts auction of Lot 15 Block 1 Arent subdivision Miller Estate in Ouachita Parish to satisfy a fi fa writ. Property, acquired from J C Roy, will be sold to highest bidder with credit terms and buyer assumes first mortgage with People s Homestead Savings. Auction dates June 1 16 23 20 1935.
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