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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 19, 1935
Page
9
In New Orleans on June 19, cotton futures edged up 1 to 7 points as final hour approached while trading stayed quiet. July at 11.54, October 11.20, December 11.24. private acreage estimates suggested under 30 million acres. Exports 8,190 bales. Spot cotton closed quiet two points lower with sales 270 and various grade quotes.
New York on June 19 reports a fairly steady cotton market with October contracts climbing from 11.16 to 11.28 midday, then easing to about 11.23. Futures closed 1 to 2 higher while spot middling sits at 11.85.
Liverpool reports 2,000 bales sold including 700 American with steady quotes. American strict good middling 1.29, good middling 6.99, strict middling 6.84, middling 6.79, strict low middling 6.69, low middling 6.44, strict good ordinary 6.24, good ordinary 5.94. Futures closed quiet with July 6.31, Oct 6.01, Dec 5.96, Jan 5.95, Mar 5.94, May 5.92.
New York reports renewed trade covering and commission house buying driven by AAA approval and broadening spot inquiry. Sept No 3 climbs to 2.37, Dec to about 2.40, closing 3 to 5 higher with 10 650 tons sold. Futures quotes list July 2.32B Sep 2.37B Dec 2.40B Jan 2.17B Mar 2.21B May 2.25B.
Chicago poultry prices listed for live birds across 34 trucks show mixed weights. Hens under 5 pounds and over 5 pounds range through several grades including leghorn, rock fryers, colored, and rock springs with turkeys ducks and geese also priced.
Call money remained steady at 1-4 percent all day. Time loans for 60-90 days offered 1-4, 4-6 months 1-4. Prime commercial paper at 3-4 percent, bankers acceptance unchanged. Rediscout state New York Reserve Bank 11-2 percent.
The table lists 24 hour stage values for cities along the Mississippi, including Memphis, Helena, Natchez, Baton Rouge, and Shreveport. It shows stage changes with rise or fall indicators and numeric measurements for each location.
The day’s market split with utilities leading advance while metals and sugars lagged. Utilities pushed ahead after a modified holding company bill emerged, with North American, Public Service of New Jersey, American Water Works among gainers. rails and select industrials showed room for strength as others declined.
New York reports heavy selling in stocks with utilities resisting declines. Bonds mostly higher in power and light issues while curb shares ease. Foreign exchange soft with French francs lower. cotton and sugar advance amid favorable weather and buying. Wheat weak in Chicago with selling pressure. corn mixed. hogs soften slightly.
Chicago grain prices opened unchanged to lower amid widespread declines led by wheat and corn. Hogs traded slow and uneven, with most groups 10 to 20 lower. cattle and vealers showed general strength with premiums for prime steers and high demand for stockers. Sheep and lambs followed, with spring lambs steady to slightly higher and ewes and lambs trading in narrow ranges.
Chicago on June 19 reports USDA data for potato markets. Prices and stock levels vary by variety and region including Wisconsin, Idaho, California, North Carolina, and Texas with U S No 1 and U S No 2 classifications and noted decay in some listings, while demand remains moderate and trading steady to good.
New Orleans activity shows mixed soft closes for cottonseed oil with July at 1013-14 and nearby months down modestly. In New York futures, July contracts slipped to 10.13-14, with September 10.12 and October 10.11. December at 9.95 and January 9.97.
Convicts subdued after a night of riot at the mine. Warden Simpson to lead inquiry into ringleaders. Hostages freed and escorted to cells as guards assess damage and repair needs. Pit boss Nathan Van Meter notes two weeks for restoration.
Roy Miller of Corpus Christi and other Texas and Louisiana officials asked Army Engineers to approve government maintenance of bridges and ferries on the Louisiana Texas Intracoastal Canal. They seek reimbursement for existing structures and state takeover of future costs.
The drum and bugle corps of the Sons of the American Legion will meet at 7 30 p m at the Legion home in Forsythe Park for an evening gathering.
The monthly meeting will be held at noon Friday with luncheon at the First Christian church. Mrs Fagan Cox of the YWCA will oversee the program. John Eliot Taylor donated thirty thousand mounted birds to the Harvard University Museum.
Louisiana Highway Commission invites proposals for State Bond project 4609 A on Routes 200 and 1295 in Ouachita Parish. Bids due July 3 1935 at 9 45 am. opens at 10 am in Baton Rouge. Plans cost 4 50 nonrefundable. Also includes administrator sale of Lee R Pardue estate assets in Ouachita Parish on June 26 1935.
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