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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 17, 1941
Page
9
New Orleans reports July cotton at 14.20 to 14.56 with gains of 18 to 19 points as heavy trading continues and Texas weevil damage weighs on supplies. Prices held near season highs across July October and December contracts amid broad commodity market strength in New York and Chicago cellar.
Sugar futures advanced amid broad trade and Cuban demand after 1 104 July delivery notices. July near 38, May 1 05, July 2 57, September 2 64. Raws steady near 3.44 cents, one parcel at 3.40. Refined steady at 5.05 to 5.10. Futures No 3 closed 1 lower to 1 higher with 16 250 tons sold.
In New York futures for cottonseed oil closed mostly higher with July at 11.75 and December around 11.63. Bleachable prime summer yellow soy data shown, while Chicago hog and livestock markets opened steady to strong with top hog prices near 10.00 and cattle and sheep activity mixed, best steers 10.60-11.50 and vealers around 11.00.
A long table of river stage readings shows rising water at St Louis Memphis Vicksburg Natchez Baton Rouge and Shreveport with several locations posting increases. In contrast Cincinnati Evansville and Little Rock report rises and falls as the flood progresses. In Chicago defense attorney questions a psychiatrist in a murder trial about a 4800 word hypothetical inquiry.
After three declines, the New York stock market showed a recovery with gains in specialties and senior issues. Fractions rose on steel, motors, rails, oils, copper and aircraft, as volume expanded and about 400000 shares moved. Strong names included U S Steel, General Motors, Chrysler, Standard Oil of California and American Telephone, with Commonwealth and Southern Preferred gaining on integration news.
Butter receipts total 1 638 358 with 90 centralized carrots 343 4 and other prices steady. Eggs receipts 18 605 with local grade prices 251 2 for firsts and 263 4 for extras. On American warships the powder magazine keys are delivered to the captain nightly, a practice dating to John Paul Jones era.
In Leesville Louisiana June 17 troops of the Third Army and Fifth Army Corps began two weeks of intensive command post and field exercises in the Sabine area. The Third Army under Lt Gen Walter Krueger set up its contact center at Leesville High School and the Fifth Army Corps under Maj Gen E L Daley established a command post at Boyce High. The 32nd Division from Michigan and Wisconsin led by Maj Gen Irving A Fish and the 37th Division from Ohio led by Maj Gen Robert S Beightler comprised the V Army Corps for this drill. The 32nd post is at Flatwoods and the 37th at Hineston as corps training shifts from unit to unit.
Atlanta June 17. Canada has 210 naval vessels today from an initial 13 at the war start and expects to nearly double next year to 413 ships with 27,000 officers and men. Kiwanis leader Robert J. Prittie praised convoy work and noted emphasis on pilot training under the empire air training plan. He cited rapid industrial growth turning factories to war production.
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