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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 16, 1938
Page
13
New Orleans cotton futures closed steady after early declines as buying returned. July to March contracts rose to 8.43 8.48 range with net advances 6 to 9 points, aided by steady securities and dollar devaluation prospects. spot cotton closed 6 points higher with sales of 163 and stocks at 704,938.
The average middling cotton price at 10 southern spot markets in New Orleans today was 8.38 cents a pound, compared with 8.37 cents for the past market days.
New York reports July futures up to 8.23 with gains in Oct and Dec as trade buying and Bombay demand push prices higher. Futures closed 5-7 points firmer. spot middling at 8.39. Open high low last and other contract details noted.
Liverpool market notes report spot cotton activity with 3,000 bales including 200 American and prices across grades. Quotations show American good middling 5.34, middling 4.59, low middling 3.89, good ordinary 3.14. Futures closed with small gains: July 4.44, Oct 4.56, Dec 4.59, Jan 4.61, Mar 4.64, May 4.67.
In New Orleans on June 16 cottonseed oil closed steady to higher with prices for summer yellow and crude versions listed. Deals noted with July at about 7.44 and Sept around 7.42, while in New York futures closed unchanged to higher with 138 contracts traded and July near 7.91 and Dec around 7.83.
Suger NEW YORK June 16 reports steadier sugar futures as traders cover positions and hedge against scales in the actual market. July No 4 traded up to .98 and March to .99, firming 112 points net. July No 3 at 1.81 and March 1.90, 1–2 points higher. Futures No 3 settled near 1 point higher to 1 point lower. Sales totaled 9,000 tons with July 1.80b and March 1.89% quoted, May 1.92b.
Butter unsettled at 1 514 517 lbs with creamery specials at 25 1 2 to 26 extras 25 1 4, extra firsts 24 3 4 to 25, firsts 23 24. Eggs 18 378 lbs steady, prices unchanged.
New York stock list shows steady to higher moves with commodity shares leading the advance. Bonds mostly down, governments up against the trend. Oil and utilities edge forward while foreign exchange stays quiet with the franc strengthening. Cotton and sugar firm on trade support, coffee improved as commission houses buy.
New York stock market showed faint rally signs after a hesitant open. Industrials edged higher with inflation talk supportive, while overall volume remained light and offerings sparse. Standard Oil of New Jersey announced a $50 million debenture issue and $35 million serial notes with strong interest. proceeds to fund subsidiary property developments.
Chicago grain markets show a fractional advance on light gains in wheat and corn under federal relief buying. Traders foresee the July crop report potentially lowering harvests while futures end the day mixed with wheat down to seven eight cents from yesterday and corn largely unchanged.
Livestock market report from Chicago on June 16 shows hogs at about 12 000 head with 4 000 direct, gains of 5 to 10 cents with top at 9.30 for 170-240 pound pigs and other weights priced accordingly. Cattle and calves show a slow, generally steady trade with bearsish undertone. cows weak and steers 7.00 to 8.00 traded, bulk calves 8.75 to 10.00, bulls scarce. Sheep about 2 000 with limited sales, prices up to 25 cents higher for a few lots, native lambs 9.00-9.50, ewes 3.25-3.75.
Chicago market notes on June 16 show poultry live one car and 41 trucks offered. Hens up to 5 pounds priced at 18 cents per pound, Leghorn hens 14.5, broilers colored 16, White Rocks 16, Leghorn 2 pounds up to 15, fryers colored 16, White Rock 16, springs colored 17, White Rock 18, bareback chickens 14. Other prices unchanged.
Ouachita parish 4-H members will travel by bus from the courthouse to Camp Grant Walker near Pollock for a week long program. Activities include swimming flag raising art and crafts for girls and lectures on sports wildlife and farming for boys while tribes compete for awards and a safety staff supervises with a nurse on site.
Legal notices announce Sheriff Milton Coverdale seizing property in Ouachita Parish Louisiana for sale June 25 1928 under writs of seizure and sale and Pi Fa with cash terms and appraisement. Listings reference Monroe and Parcel descriptions including Lot Three Block Three and Lot Three Block Two in G B Haynes Second Addition and Ticheli Universal Partnership Rainbow Addition. Other notice mentions Central Savings Bank & Trust Company and property descriptions for Lot Three Block Two Rainbow Addition. Release of sale terms include credit with mortgage terms and costs.
A joint memorial service for deceased members of Jonesboro lodge 91 and Ouachita lodge 2 Monroe of the Independent Order of Odd Fellows will be held Sunday June 19 at the Baptist church in Jonesboro. Rev. J W Buckner will preach the sermon and wear an Odd Fellow collar in the pulpit. Members from both lodges will assemble at 9 30 a m at the lodge hall and march to the Jonesboro and Hodge cemeteries.
The account notes placing flags on each grave of deceased members prior to church services. It mentions bees as the decoration on Napoleon’s coronation mantle, described as golden models found among relics in Childeric's tomb in Belgium in 655.
The Losers' Service Bureau helps locate owners of lost items advertised in The News-Star and Morning World. Advertisers receive free listing in the bureau to aid recovery of dogs purses jewelry fur and other articles. Call 4800 for details and access to the index of recent ads.
Madam May is permanently located at Sunset Tourist park near Highway 89 in West Monroe just outside city limits. A test reading runs for one week free at the site.
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