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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 20, 1939
Page
7
Market notes from New Orleans and New York show cotton futures drifting in a narrow range with a steady undertone. Spot cotton in New Orleans closed quiet and unchanged with low middling around 8.30, midling near 9.45, while New York futures finished largely unchanged to modestly lower in late trading.
London Liverpool market notes show no American cotton on spot. Quotation levels remain steady across grades with middling strict at 6.53 to 5.85 and futures finishing mixed from July to May with small gains and declines.
Cottonseed oil futures in New York closed lower with July at 65 percent and Sept at 6.68, Oct 6.73, and December around 6.84. Trading volume reached 129 contracts as the market saw bid activity and varied closings.
Chicago market report shows salable hogs 14 000 active and mostly steady with Monday’s average. top 685. hogs 250 290 lbs 635. sows 5.00 9 0. cattle 9 000 salable calves 1 50. yearlings 15 25 lower. weighty bullocks 10 25. heifers 19 15 lower. sheep steady with 1 000 head in market. clipped lambs weak to 25 lower. native spring lambs 9 50 10 00. top spring lambs 10 35.
U S Department of Agriculture reports overall potato shipments at 645 with 4% rise in track 4, new stock and steady to slightly weaker prices in California, Alabama, Louisiana, Mississippi, Arkansas, Oklahoma, North Carolina, Idaho. Prices ranged from 1.00 to 2.30 per cwt depending on variety and quality with decay noted in several regions. Old stock remains steady with light demand and supplies.
New York sugar futures edged higher amid demand relief and selling pressure. July futures climbed to 1.85 while September reached 1.91, with refined and spot Cubas showing modest gains and world futures largely inactive as markets awaited London developments.
Butter and eggs trading in Chicago shows overall steadiness with creamery and other price figures remaining unchanged. Butter totals reach 1,455,018 pounds at 24 to 92, 231 and 2, 91, 231 to 4, while eggs at 21,064 decline no change in prices.
New York stock lenders extend a quiet rally as bonds gain and local traction issues show demand. Industrial and foreign exchange move up, with cotton trading in a narrow range and sugar offerings light. Wheat rises while corn stays near steady. cattle fall 10 to 25 cents and hogs are steady with spots 5 to 10 cents lower.
Light buying kept New York stocks in rallying waters as gains ran to around a point in early trading. Dealings were brisker than yesterday, transfers totaled about 450000 shares, and top prices saw mild profit taking by close. Aircraft and metals drew attention with United Aircraft and other big names leading.
Chicago grain markets show sellers dominating the wheat pit with early losses of 1 4 to 3 8 cents and futures dipping for July and September. Prices in Liverpool slide about a cent, corn and oats soften mildly while wheat later steadies. poultry prices at Chicago markets hold steady with Leghorn broilers under 2 lbs at 14 1/2 cents.
Two large snakes emerged from tall grass near 1801 Pargoud Drive and were killed by a Loop road bus. A moccasin four feet long and a flat headed adder died under the wheels. R A Shotwell urged local parents to warn children against playing in high grass where snakes lurk.
Sheriff officers from two parishes credit luck for recovering a $200 diamond engagement ring found at a West Monroe tourist camp. Dr Monroe of Lake Charles and Miss Kitchenham of Columbia, to wed Tuesday, left the ring in a Ruston washroom. After a chase through camps, a Kerens Tex couple returned the ring, and the bride-to-be was delighted. The sheriffs joked about kissing the bride, but remembered she was not married yet.
In Amoy and Kulangsu tensions rise as Japan demands greater representation in Kulangsu's settlement council. Britain faces possible action after 1,500 besieged Britons, while U S Secretary Hull signals concern over broader issues. Tokyo signals no mediating move unless asked, and Chinese workers quit vital services amid the standoff.
The article covers a judge's lenient sentence and a lengthy defense in the reinstated patent suit Schick Dry Shaver versus Dictograph Products. It also cites the Schick ruling as a nationwide precedent since 1936 and reports Canada's estimated hydro power potential at 43,700,000 horsepower.
The Monroe Louisiana Business and Professional Women’s Club announces committee heads for the year including Education Clara Dennis chair Lena Griffis Mabel Hood Finance Alice Baur chair Mabel Fisher Rowena Arant Health Madeline Hirsch chair Fay Heard Lizzie Morris International relations Eleanor Faulk chair R L McHenry R Downes Legislation Nora Downes chair Doris Sutton Lillian Jackson Membership Mary O Kelly chair Blanche Colvin Evelyn Reims Program Mary Hester chair Florence Powers Margaret Coonan Public Affairs Ida Kaplan chair Johnnie Elbert Marie Ober Publications Mae McIntosh Modes chair Harriet Hirsch Effie Allen Publicity Mamie McNeal chair Frances Ritter Mrs Bernstein Bulletin editor Eleanor Chandler chair Kate Clark Acele Smith Also elected officers Miss Bernice Wright president Mrs Jennie Thornton first vice president Mrs Dora Anish second vice president Mrs Mabel Fisher secretary Miss Hazel Wakefield treasurer Postponement of meetings due to heat and many members away. Biennial convention set for Kansas City July 9–14 with Monroe club representation.
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