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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 22, 1937
Page
9
Cotton prices moved within a narrow range today with July at 11.95, October 12.15, and December 12.19 as buyers absorbed offerings. Gains were erased by late selling though cover activity before the July notice day supported prices, exports totaling 7,905 bales, and a close steady to 3 points higher. Spot cotton closed quiet with low middling 10.87 and middling 12.37.
New York reports quiet trading with moderate morning declines due to liquidation and favorable weather, followed by local buying support. October futures rise from 12.98 to 12.14 amid limited contracts, with spot cotton at mid middling 12.55 and July through May futures shown at mainly 12.0X to 12.2X ranges.
Liverpool reports 6 000 bales traded with 5 500 American. Spot prices show gains of 8 points across grades with quotations for American classifications ranging from 5.26 to 7.76. Futures close steady with July at 6.74 and later months ranging around 6.76 to 6.82.
Cottonseed oil prices closed barely steady with small moves in New Orleans and New York. In New Orleans bleachable prime summer yellow at 9.15 to 8.68 and crude near 8.66 to 8.74 bids and asks. July through Jan contracts listed. In New York futures closed 2 points higher to 2 lower with 122 contracts sold, July 9.09 to 9.10 and January 9.11 bids.
New York reports mixed bonds and easier U S governments with steady stocks while steels show demand. Curb gains and foreign exchange edge up. Cotton, sugar, coffee move with buying interest. Chicago notes wheat strong amid crop losses, corn firm, cattle up to 25, hogs at 11.65.
Wheat prices moved lower early amid showers in drought regions of Canada, with a volatile trade sentiment then causing a rally above the prior close. Futures for July and September swung, closing with wheat up about 11/4 to 2 cents, corn mixed with slight declines and minor recoveries, and oats fluctuating.
Foreign exchange markets show steady rates with Great Britain at 4.94 7 8 in dollars and 60 day bills 4.93 3 4. France at 4.46 1 4 and Italy at 5.26 1 2 in dollars or cables. Various demands listed include Belgium 16.90 and Argentina 32.95, with other currencies and cross rates in the table.
New York reports July No 4 sugar futures firm on covering and buying by trade houses amid British refiners showing spot market interest. July No 4 reached 1.22, March 1.32 with earlier No 3 showing mixed moves as new crops held around 1.00 net higher. Futures No 3 closed irregular with varied shifts and total sales around 6,550 tons.
Hogs 15 000 head with 3 500 direct sale, generally steady with Monday’s average. Packing sows 9.65 to 10.40. Cattle 7 000, calves 2 500, fat cattle active, steers and yearlings strong to 25 higher, common grades steady, weights 8 25 to 10 50, vealers 8 50 to 9 50. Sheep 6 000 with 4 300 direct, fat lambs and yearlings slow to 25 lower, most yearlings down 15 to 25, ewes 2.50 to 4.50.
Live poultry trading shows 54 trucks steady with various weight classes. Leghorn hens, fryers, and colored breeds listed with prices. turkeys, ducks, and geese noted with specific weights and rates.
New York stock traders edged up fractions as steel issues supported a cautious advance. The day cited hopes for peaceful settlement of steel strikes, with some short covering and steadier demand noted. Transac tions totaled about 550000 shares as traders watched foreign and domestic news.
Hog market opened up to 19 cents higher for butcher hogs with top at 9.95. Light weights 15 to 25 cents higher. Corn fed hogs 180 to 250 lbs 9.45 to 9.95. Cattle steady with good corn fed steers and heifers 6.00 to 7.50, beef cows 3.50 to 4.50, cutters 3.00 to 3.50, canners 2.00 to 2.75, and vealers 7.00 to 8.00 for 150 to 210 lbs young stock.
USDA market summary shows 96 potatoes on track 317 with total U S shipments 701 and new stock steady. California stock firm undertone. demand slow. moderate supplies. U S No 1 California White Rose mostly 1 70 to 1 80, U S No 2 1 15 to 1 25. North Carolina cobblers U S No 1 1 50. Arkansas Bliss Triumphs U S No 1 few sales 1 50 to 1 60. Oklahoma 1 47 1 2. Louisiana 1 40 to 1 45. Alabama 1 40. Mississippi 1 50. Stave barrel s North Carolina cobblers fair quality dark color 2 20 a pbl.
Call money steady at 1 percent all day. Prime commercial paper 1 percent. Time loans steady for 60 to 90 days at 1 4, 4 to 6 months at 1 1 2 percent. Bankers accepts easy, ranges across 30 to 90 days up to 4 months 9-16-1-2, 5-6 months 5-8-9-16. Rediscount rate at N Y reserve bank 1 12 per cent.
Cheyenne Wyoming bears may be protected in seven parts of the state as game animals with full legal protection and two open seasons yearly. In the remaining areas bears are labeled predatory animals and may be shot on sight by any hunter.
John Barrymore and Elaine Barrie declared they are reconciled after a public kiss at a railroad station and she will dismiss her decree of provisional divorce.
Senator Norris an Independent from Nebraska aged 75 and a leader among senate liberals was stricken by indigestion in Washington. Capitol physician Dr. George W Calver said the illness is not serious.
Pope Pius received Admiral Antonio Magaz envoy of Franco forces in a long audience. Vatican sources say the pontiff favors quiet diplomacy to aid the insurgents without public moves toward recognition, citing Bilbao's fall as a factor.
OKALOOSA La June 22 Members of the family of Mrs Allie Hudson met at the home of Mr and Mrs Earnie Frith for a reunion with Mrs Hudson as guest of honor A fish supper followed and ice cream served Attending were Horace Frith and daughter Gene Elsie of Chicago Leamon Foylant Jim Cummings and children Samuel Virginia Grace Pennie Mae Iver J T Edna of Apine Clifton Coon Gladys Bennett Earnie Frith and sons L V Harold Frith
Dr. M. F. E. Dodd of Dodd College Shreveport leads a revival at the Union Church in St. Joseph. Pastor A. N. Murray of St. Joseph Baptist directs with assistance from John Raymond of Shreveport. Special music accompanies the revival which began Sunday as efforts to build a Baptist church in St. Joseph continue.
Butter and eggs trading data from Chicago on June 22 shows unsettled butter at 17 517, firm eggs at 17 744 with local extra firsts at 20 1-4 for cars and 20 for fresh graded firsts local. Current receipts list storage packed firsts at 21 and storage packed extras at 21 1-4.
Knoxville Tennessee reports that during the week of August 23 three federal district judges George C Taylor John J Gore and John D Martin will form a court to hear all Tennessee Valley Authority condemnation suits with exceptions to commissioners rulings.
Notices detail public sale of a 1930 Dodge D B Senior Six four door sedan for storage costs with sale date July 8 1937 and location Monroe Louisiana. Also lists a real estate sale of two halves of lots in Breards Addition to Monroe with two thirds minimum bid and other court notices including marshal sale of a 1921 Chevrolet and a juror venire for July 12 1937 with multiple names.
A lost purse found near Monroe Auto Supply contains a ring and keys. A reward is offered for its return. contact the finder at 2760.
The Losers' Service Bureau advises calling 4800 if you find a dog purse jewelry fur or any item not advertised in today's News-Star or Morning World. An accurate index of recent lost and found ads helps locate owners.
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