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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 23, 1942
Page
8
A veteran journalist describes the brutal, cramped life aboard 83 foot submarine chasers. The crew of 12 sleeps in relays, cooks on a tiny stove, and endures a galley with constant coffee. Space is tight with four on watch, six bunks in the bow, and a chart room barely five feet square.
New Orleans June 23 spot and futures show mixed moves with July futures near steady. Prices closed steady with slight losses or gains across October December and March contracts as traders awaited notice day. Spot cotton also steady with sales at 85. Low middling 15.86, middling 18.86, good middling 19.31. receipts 322, stocks 362,535.
Cotton futures fell back after an initial rise as liquidation increased and July positions were squared before first notice day. May CCC purchases and selling against them limited gains, with late quotes showing July 18.31, December 18.80 and March 8.99. Futures closed mixed to higher, with July and December trading up and March up as well. Middling spot quoted at 19.97.
Chicago market report shows salable hogs at 13 000 to 22 000 total with gains to 10 higher, weights under 250 lbs leading. Cattle and calves mixed with fed steers steady to slow, best steers near 14.35 to 15.00, heifers steady, beef cows 9.50 to 12.50, bulls up to 15.00, replacement cattle scarce and overall dull after downturn.
Chicago June 25 live poultry prices listed by weight show steady to firm trends. Hens over five pounds bring 19.5, broilers two and a half pounds and down at 21, springs up to 4 pounds with 7.5 figures, ducks vary by color and weight, geese around 10.5, and turkeys with toms at 18 and hens at 2.
Butter receipts 1 651 828 about steady with creameries at 8 32 and other prices unchanged. Eggs receipts 41 656 about steady with fresh graded firsts at 30 1 4 1 2 and other prices unchanged.
USDA market report from Chicago shows arrivals 73, on track 177, total shipments 543 with light supplies and moderate demand. Prices for U S No. 1 Alabama Bliss reach 2.94 to 3.00 per unit as market edges higher.
Cottonseed oil closed steady in New Orleans with prices for crude and refined grades listed. September through December futures stand around 13.30 to 13.23 for oil, while cottonseed meal futures in Memphis show July at 34.90 and September through December varying from 5.24 to 33.75 per ton.
In Pascagoula Mississippi the so called mysterious barber returns to snip hair from sleeping women and trigger a wave of home invasions. Mrs R E B Taylor reports hair cutting while asleep and fear grows amid beatings and prowler activity during a wartime boom city with a key shipyard plant.
Anastase Vonsiatsky, head of the Russian National Revolutionary Fascist party, pleaded guilty to conspiracy to violate the espionage act. He was sentenced in Hartford federal court to five years in prison and a $5,000 fine for offering United States military information to Germany and Japan to balance scores with the Soviet regime.
New York June 23 Stocks steady selective. bonds higher as rails lead recovery. Cotton irregular with trade buying and liquidation. Chicago Wheat lower on weather and price uncertainties. Corn steady with strength in hogs. Hogs active strong to 10 higher top 14.60 night supply. Cattle steers yearlings steady in slow trade.
Chicago prices for wheat corn soybeans and lard moved within narrow limits as traders weighed improving weather. Wheat fell 3 8 to 5 8 cents from Monday with July at 1 18 3 8 1 4 and September 1 21. corn was steady to 1 4 lower with July at 86 8 1 2 and September 89 1 8 1 4. soybeans slipped 1 4 to 3 4 up. lard unchanged to 15 cents higher.
New York stock market opens with selective recoveries and scattered gains as traders weigh war reverses. Transfers run around 200000 shares versus 313000 the day before with mixed closes seen in top quotes. Bonds improve while commodities show slight unevenness with Chicago wheat down while cotton edges higher at times.
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