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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 18, 1937
Page
16
New Orleans June 18. Cotton prices drifted after a higher start with minor support from mid session trading. July at 11.98, October 12.14, December 12.19, late session near opening figures. Exports 2,430 bales. week 21,186 bales. Spot cotton closed quiet with various middling levels and receipts 817. Stocks 323,954.
The average price of middling cotton today at 10 southern spot markets in New Orleans is 12.35 cents per pound. The 30 day average stands at 12.71 cents.
Cotton moved within a narrow range in quiet session with early gains from Liverpool sentiment giving way to light local selling. October eased to 12.04 before midafternoon trades at 12.10 as prices closed steady. spot middling to 12.56, futures 2 to 9 points higher.
Bleachable cottonseed oil futures in New York closed barely steady with declines of 2 to 6 points after 145 contracts changed hands including six switches. July to January prices ranged around 9.12 to 9.13 and 9.06 to 9.12 for various contracts with bids and asks noted. In New Orleans similar steady tones seen with primes quoted around 9.15 to 9.35 and nearer 8.56 to 8.64 for other contracts.
New York sugar futures were uneven as No 4 held steady on Cuban buying while No 3 weakened on liquidation tied to legislative fate in Washington. July No 3 traded around 2.48 late, with No 4 Sept near 1.23, and No 3 closed 1-2 points higher or lower with 17,700 bags traded.
Chicago poultry market shows live hens steady while chickens weaken. Hens above 5 pounds 16.5, Leghorn and Plymouth Rock varieties priced, colored breeds around 17, broilers 15 to 18, roosters 12. Turkeys hens 15 toms 15, No 2 turkeys 13, ducks 12.25, small ducks 10, geese 9.
Flood conditions show 24 hour stage changes with rises and falls at multiple locations including Arkansas City Vicksburg Natchez Baton Rouge Ouachita Camden Monroe Pittsburgh Cincinnati Chattanooga Nashville Cumberland Port Smith Shreveport Alexandria and related river gauges reflecting varied movement.
New York reports steady stocks with utilities higher and bonds uneven. Curb, power, and industrial shares gain while foreign exchange holds. sugar softens amid legislation uncertainty. coffee erratic with mixed trading. Chicago wheat down on rain. corn up as eastern shorts buy. cattle steady and hogs up 10-20.
Chicago wheat futures declined after rain in Saskatchewan and lower Liverpool quotes. July wheat opened down, then slid further with corn and oats mostly weaker, while soybeans and rye showed mixed moves. Close showed wheat down 11-8 to 1 1-2 under yesterday. corn and oats marginally moved.
Hog market opened 15 cents higher than Thursday average with top at 9.85. Corn fed hogs 180 to 250 lbs ranged 9.35 to 9.85, lighter hogs 150 to 170 lbs 8.50 to 9.25, common classes 5.50 to 6.50 and smaller sizes 7.15 to 8.15. Cattle steady with steers 6.00 to 7.50, beef cows 3.50 to 4.50, calves 7.00 to 8.00 for 150 to 210 lb stock.
The June 18 report lists steady exchange rates for major currencies with Britain at 4.93 7-8 dollars, France 445 3-8, Italy 5.26 1-4, and various demand figures for Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Spain Portugal Greece Poland and others. It notes several cross rates and nominal values including Montreal New York pairings.
Hogs 4,000 head with 1,500 direct. gains of 10-20 cents. Cattle and calves 2,000. fed steers scarce. prices 6.25-7.50 for beef, vealers steady. Sheep 4,000. lambs firm, ewes 2.50-4.50.
Liverpool notes a fair demand for spot cotton with prices two points higher. Quotations show American grades led by strict good middling at 7.77 and 7.47, with various middling to low middling levels. Futures closed barely steady with July at 6.71 and May at 6.76, among others.
Chicago market notes butter totals 17 421 unsettled creamery specials 301 231 extras 92 firsts 88 89 etc. Eggs 20 056 firm extra firsts local 191 4 cats 193 4 fresh graded firsts local 181 2 current receipts 181 4 storage packed firsts 203 4. Australia bans export of koalas or teddy bears alive or as fur.
In New York stocks rose fractions on a quiet day led by utilities oils rails and select steels while government intervention in the steel strike spurred partial recoveries. Major names like Brooklyn Union Gas North American Electric and Light and American Water Works moved higher amid a broad list of laggards and thin trading.
Potatoes steady to slow demand on light supplies. U S No 1 Russets in Washington quoted 1 60 per cwt car. California stock weaker with mixed grades around 1 60 to 1 25. North Carolina Virginia and other states show varied prices and quality with decay noted in some lots.
A prehistoric dragon fly two and a half feet long was unearthed near Elmo Kansas in 1935. Notices include filing of final account in the Curatorship of James M. O'Reilly in Ouachita Parish Louisiana with creditors asked to show cause within ten days.
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