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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 17, 1936
Page
17
New Orleans cotton markets push higher with July futures breaking out to 11.86 and closing up amid strong buying from traders and shorts. Export demand remains solid with 31 408 bales shipped while spot cotton opens steady to 15 points higher. government weather report signals favorable trend despite the rally.
New York reports a firm session as near month July futures climb to about 11.95 before easing, with late trading around 11.38 for July and 11.35 for March. Spot cotton remains steady at middling around 11.38, while overall futures finish 10 to 13 points higher.
In Liverpool on June 17 cotton markets showed moderate activity with 19 000 bales traded, including 1600 American, as prices rose slightly. Quotations listed for American grades ranged from strict good middling 7.58 to good ordinary 5.78 with futures quoted for July at 6 43 and December at 6.01.
In New Orleans on June 17 cottonseed oil closed steady with positions for July at 9.15 and Sept at 8.73, while October and December held around 8.68 and 8.58 respectively. In New York on the same date bleach able cottonseed oil futures closed firm with July at 9.15 and Sept at 9.20, October 9.11, and December 8.10, total sales 159 contracts including four switches.
A 24 hour stage change report notes river levels rising and falling with a 0.9 rise and fall values across stations. present measurements show a 32 to 65 unit range and a 9.0 to 0.9 trend amid ongoing flood conditions.
New York reports irregular stocks with rails and special ties higher, bonds up and utilities leading. Curb and power shares in demand. Foreign exchanges mixed. Cotton and sugar rise as senate passes sugar bill. Coffee falls on July liquidation. Chicago wheat ease. Canadian imports threaten, corn up on poor crop outlook. Cattle steady to strong. hogs rise to 10.25.
Chicago grain markets opened lower as cooler weather and moisture hopes in the domestic spring crop area dampened demand. Wheat led the declines with July and September futures dipping while corn and oats showed modest reductions and overall price action remained unsettled through the session.
United States Department of Agriculture market report shows hogs up to 10 higher than yesterday’s average with top at 10.25 and most weights firm. Cattle and calves trade activity improves for better grades, with heifers and yearlings firm and light weight steers active, while cows slow and bulls weak. Sheep steady to 25 lower as spring lambs decline, natives at 11.00–11.50 and yearlings around 8.00.
USDA notes steady to weak demand for new and old stock. Arkansas Bliss Triumphs leads U S No 1 at 4.00 while Oklahoma shows decay to 0. S No 1. California White Rose 4.00. Louisiana Bliss Triumphs 3.75. North Carolina cobblers 3.80. Idaho Russet Burbanks 3.83. Wisconsin round whites 1.74. North Dakota Ohios and cobblers 2.00. overall supplies moderate with varied quality and grades.
Irregular FX quotes list sterling at 5.023 4, francs 6.581 2, marks 9. etc. Also notes Belgium 16.911 2, Germany 40.29, Holland 67.60, Sweden 25.95, Switzerland 32.33, Spain 13.64, Greece 94, Poland 1 80, Czechoslovakia 414, Argentina 33.55N, Japan Tokyo 39.29, Shanghai 30.25, Hong Kong 32.59, Mexico 27.85 with Montreal and New York cross rates 99.78 1-2 and 100.21 7-8.
Poultry traders report live movement with 28 trucks delivering birds. Hens up to 5 pounds and under show 20 percent gains. Leghorn hens 15 2, Plymouth Rock, White Rocks, and colored varieties list varied prices for fryers and broilers. Turkeys 13 16, ducks and geese priced accordingly.
Butter prices show firm Creamery specials at 93 score with sales between 29 3 4 and 30 1 4 for extra firsts and standards. Eggs ring: total 21 008 market receipts with local extra firsts 21 3 4, fresh graded firsts 21 1 4, cars 22 1 4.
Stocks led by industrials and rails advanced in early dealings with gains of about a point plus. Major names such as Chrysler Sears Hudson Woolworth Coca Cola Crown Cork and N Y Central showed strength while J I Case Douglas Aircraft U S Steel General Electric and others lagged amid profit-taking and wage rumor concerns. Sugar futures firmed after the Senate supported sugar quotas with Sept at 2.90 and near term gains in July and November contracts.
New York call money remains steady at 1 percent for the day. Prime commercial paper trades at 3 to 4 percent with time loans quoted 60 days and months at 1.25 percent. Bankers acceptances unchanged while the rediscount rate at the New York Reserve Bank sits at 11.25 percent.
Local society includes visits by Jonesville residents and Shreveport relatives. Harriet Fopay wins Miss Jonesville title in beauty contest. sheriff sale of Monroe Hardware Company property to satisfy a writ of seizure scheduled July 11 1926 in Ouachita Parish.
Public notices announce writs of seizure in Ouachita Parish cases Louis Werner Sawmill Co. versus No. 25,460 and The People's Homestead & Savings Association versus No. 25,648, with auctions set at Monroe courthouse doors on July 11 1936 and June 7 1936. Also MILTON COVERDALE and Home Owners Loan Corporation actions list described land parcels livestock and movable property to be sold to satisfy debts, with detailed property descriptions and sale terms.
Multiple 1936 1938 property seizures in Ouachita Parish by Fourth District Court. Auctions set for Saturdays with parcels in Monroe and Montes locations, descriptions include Edgewater Gardens subdivision and Hendrick-Alkington addition. Terms cash, no appraisal, and sale proceeds to satisfy writs and costs.
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