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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 25, 1937
Page
14
In New Orleans July futures rose to 12.19 to 12.24 during early trading then settled with small gains as standard July through May contracts closed 2 to 9 points higher. Spot cotton closed quiet at 12.48 middling with gins 78. Receipts were 1,195 and stocks 313,603. The day’s average across ten southern markets was 12.54 cents.
New York cotton futures rose on firm Liverpool cables with July and October contracts covering, trading around 12.28 midafternoon after a dip to 12.24. July 12.24 26, Oct 12.25 26, Dec 12.24, Jan 12.26, March 12.29, May 12.31. Spot middling 12.74.
Liverpool on June 25 reports 17 000 bales of cotton including 7 600 American with spot demand limited and prices down two points across grades. Quotations show American strict good middling 7 80, good middling 7 50, strict middling 7 20, middling 6 95, strict low middling 6 70, low middling 6 20, strict good ordinary 5 79, good ordinary 5 30. Futures closed steady with July 6 85, Oct 6 90, Jan 6 89, March 6 91, May 6 92.
Cottonseed oil closed barely steady with minor declines. In New Orleans July futures at 8 to 9 per hundred. July contracts 9.20 in New York with 255 contracts traded, including 130 switches, across July through January.
Walter Spangler of Spring Grove, Ps., dislocated his jaw by yawning. Butter 18,620 pounds, steady. eggs 15,680 pounds, steady. Chicago report dated June 25 notes prices unchanged.
New York stocks eased with rails and metals down while bonds declined and rails supply rose. Curb market softened as industrials faced pressure. foreign exchange quiet with French franc and sterling down. Cotton higher with trade and spot house buying. sugar steady. coffee steady with European buying. Chicago wheat strong amid Canadian damage, corn higher on scarce offerings. Cattle steady to weak. hogs up 10 to 20 cents, top at 12.10.
Chicago grain market report notes initial declines in wheat as rain absence in western Canada spurred buying. Wheat futures turned higher with July and September gains. corn and oats also rose from early lows, closing with modest advances and mixed shifts across contracts.
Hog market opens ten cents higher with top at 10.30. Good corn fed hogs 180 to 250 lbs bring 8.80 to 10.30, 159 to 170 ths at 8.85 to 9.60, 100 to 120 lbs 7.30 to 8.30, sows 4.00 to 5.50, and stock pigs 5.00 to 7.00. Cattle steady with corn fed steers 6.00 to 7.50, beef cattle 3.50 to 4.50, cutters 3.06 to 3.50, canners 2.99 to 2.75, calves and yearlings mixed. Prices vary by weight and grade across pigs, cattle, and calves.
June 25 report shows hogs trading 11.25 to 12.10 per cwt across classes with top 12.10 for 200-240 lb, cattle and calves steady with common beef grades 6.09 to 7.25, vealers 9.00 to 10.60, sheep active with spring lambs up to 25 higher. Dominion of Canada horse total estimated 2,918,900 in 1936 vs 2,931,300 prior year.
New York trading sees a slow retreat with losses in steel and copper leaders. Declines hit major industrials while rails fade on carloading figures and profit doubts linger from May earnings. Bonds hold, while grains rise on renewed commodity buying and the revised railroad retirement act draws cautious optimism.
Foreign exchange rates in New York on June 25 show steady levels with Britain at 4.93 7 8 in dollars and 493 7 8 in cables for Great Britain, and other currencies including France at 4.45 1 2, Italy at 5.26 1 4, Belgium at 1688 1 2, Germany Free at 40.10, and Holland at 54.99. Various country quotes and cross rates are listed, with several currencies regional and international.
New York sugar futures remained steady as commission houses bought and covered positions. July No. 3 hovered near 2.48 with other contracts showing slight gains or steady levels amid expected favorable Washington sugar bill developments.
Personal Finance Company of Monroe along with James H Dearman and Florine P Silvey announce a public sale at Monroe City Hall. A 1937 black Chevrolet Coach Engine No 2675879 Serial AE-60241 is to be offered to the highest bidder under a writ of fieri facias. Sale with cash payment and appraisal allowance follows court order.
Karl Lindauer, once told he had a year to live, travels the Southwest in a dog-drawn wagon evolved into a four-wheeled cammobile. He now journeys with 20 dogs across Arizona and New Mexico, claiming better health and longer life.
Chicago market figures list assorted poultry by type and weight. Hens over 5 pounds set at 54 cents, fryers and colored birds vary around 19 to 21 cents, Plymouth and White Rock stock around 21 to 24 cents, roosters 12 to 13, turkeys hens 15 and toms 14, ducks 12 to 12 1/2, geese 10 cents.
Chicago reports weekly potato shipments totaling 1,262 cars with moderate demand. Prices range across varieties: California White Rose U S No 1 at 150 to 175 per cwt, North Carolina cobblers U S No 1 heating at 1.90 to 2.35 per cwt, Arkansas Bliss Triumphs U S No 1 at 1.40 to 1.50, Oklahoma and Alabama Bliss Triumphs U S No 1 around 1.40, and Virginia cobblers at 2.50 per barrel. Continuous movement noted with some decay in U S No 7 and scattered small sales in several states.
Classified notice requests owners to identify lost items including jewelry fur and other articles. Readers are urged to call the number 4890 to help locate owners and recover belongings. The page also includes an unrelated advertisement for a tonic and pharmacy products.
New York reports call money steady at 16 percent all day and bankers acceptances unchanged. The redisseount rate at the New York Reserve Bank remains 1-2 percent. In 1936 accidents claimed 111000 lives in the United States, with about 40000 permanently disabled and 1039000 temporarily disabled.
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