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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 19, 1933
Page
7
Traders reacted to Washington inputs and acreage data with futures for October and December recovering from earlier lows. Prices moved from 9.60 to 9.63 at times, with several points of net advance as activity picked up.
Sharp declines in cotton Monday followed by partial rebounds as traders respond to uncertainty over the Ecotton acreage retirement from Washington and the lack of a firm price forecast. Futures closed steady with late gains, near 9.70 to 10.02 cents, with middling around 9.35.
Liverpool OL reports fair demand for cotton with lower prices. Quotations show American grades: good mid at 6.61, strict £6.31, middling 6.16, strict low 6.01, low middling 5.81, ordinary 5.61, good ordinary 5. with futures quiet at 5.88 for July and October, 5.91 December, 5.95 March, 5.98 May.
In New Orleans on June 19 oil prices closed steady with bids near steady levels. Prices cited include Prime at 5.45, June 4.98, July 5.01, September 5.15, October 5.21, with other months showing minor variations.
New York on June 19 reports futures closing firm. June contract at 5.55 billion, July 5.56 billion, September 5.66 billion, October 5.70 billion, December 5.83 billion. Ha 23 contracts traded.
Foreign exchange figures list British and international currencies with dollar equivalents and selling prices. The report notes various bid and ask levels for Great Britain, France, Italy, Belgium, Germany, Norway, Denmark, Switzerland, Spain, Portugal, Greece, Poland, Jugoslavia, Austria, Romania, Argentina, Brazil, Japan, China, Hong Kong, and Montreal versus York.
On Saturday receipts totaled 882 and Sunday 1 with new stock. demand steady and supplies moderate. North Carolina U S No 1 Cobblers 3.45 3.50. Oklahoma Cobblers 1 85 to 1 95. Triumphs mostly 2.00 with best 2.25 2.35. Alabama Loul and Texas Triumphs 2.00 2.25. Wisconsin round and Michigan Russet Rurals noted.
New York stocks rise with broad advances as bonds and industrials lead. Foreign exchanges weaken the dollar while cotton and sugar hold firm amid optimism on allotment plan. Chicago grains rally on crop damage. cattle and hogs soften on surplus and lower bids.
Chicago grain markets opened Monday with sharp upturns as reports of severe damage to spring wheat in both the United States and Canada circulated. Wheat climbed 3 4 to 17 8, then rose further. corn gained about 1 2 to 1 cent and held near the early gains. oats advanced around 21 825 8. Wheat closed strong up 23 821 8 from Saturday, corn up 17 8 23 4, oats up 21 825 8, provisions unchanged to a rise of 27 cents.
The New Orleans market notes mixed fruit and vegetable pricing with steady overall fruit lines. Green corn snap and butter beans rise slightly while watermelons cauliflower muskmelons and tomatoes dip. several regional items including Alabama Wonders Florida Tom Watsons and Jamaica limes feature in varied crate and per- hundred listings.
Chicago livestock buyers report lighter demand with hogs down 10 to 15 percent from Friday and cattle sentiment weak. Hog totals reach 40 000 with direct 22 000, while cattle and sheep show subdued bidding for common and medium grades and lighter weights.
Butter totals 13 739 firn creamery specials 93 score 22 8 4 to 23 1 4 extras 92 22 1 4 extra firsts 90 91 21 to 21 1 2 firsts 88 89 19-20 seconds 86-87 17- 1 standards 90 centralized carrots Eggs 17 334 firm extra firsts 12 1 2 fresh graded firsts 12 current receipts 10 3 4 storage packed firsts 12 3 4 storage packed extras 13
Call money remains steady at 1 percent all day with time loans showing slight firming. Rates for 60-90 day bankers' acceptances range from 1 3-8 to 3-8 percent, while 30 day acceptances trade 1 1-2 to 3-8 with other short-dated instruments easing marginally.
Markets gain on inflationary psychology as the dollar falls and Washington signals disapproval of current currency stabilization. Trading surges with widespread gains across industries and major stocks, while commodities like wheat and cotton rise and analysts note a partial rebound from last week.
Chicago reports live poultry prices with items such as hens Leghorns and roosters, while a Louisiana Fourth District Court notice details a land seizure in Monroe with dates in May and June 1933 and property described as square 9 Layton's addition.
A page lists several service providers including loans on late model cars, locksmiths, notary public, printing, travel by private sedan, typewriter supplies, tire vulcanizing, and a public sale notice. It names Commercial Securities Co Inc, Motor Securities Co Inc, C C Lindley, Monroe Printing Co, and Monroe Tire Exchange along with addresses and phone numbers.
Notice lists public sale of western half of certain blocks and lots in West Monroe Louisiana on specific dates including May 23 through June 19 1933. Also offers rewards for return of several lost items a black leather brief case a leather key case with five keys a gold cross and chain and a phone contact for reward.
An advertisement announces a free Loser Service Bureau for lost items like jewelry purses and other articles. It urges readers to report lost belongings to The News-Star and Morning World and claims no extra cost to advertisers.
Albert R. Gunn 41 a World War veteran and oil company employee died in Baton Rouge on Monday from a sudden heart attack. Born in Lake Charles he was formerly of Alexandria and Lake Charles and he will be buried with military ceremonies in Alexandria National Cemetery. He leaves no near relatives.
The L. B. Faulk post American Legion meets Monday night at the Forsythe park clubhouse. John R. Humble will lecture on Flag education, and an interesting program has been prepared.
Sugar futures gained on Monday with September contracts moving from 1.37 to 1.42 and January from 1.46 to 1.49, about 7 to 9 points higher. Markets closed steady 5 to 6 higher. Sales totaled 22,300 tons with July at 1.37 B, Sept 1.40 41, Dec 1.47, Jan 1.48, Mar 1.53, May 1.57 B. B-Bid.
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