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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 25, 1937
Page
27
July through May futures showed early gains of 6 to 13 points but trimmed most of the rise mid session. Prices closed higher by 2 to 9 points with late selling and renewed support. Spot cotton in New Orleans stood quiet with low middling at 10.98 cents.
In New Orleans on June 25 the average price of middling cotton at ten southern spot markets stood at 12.54 cents a pound. The thirty day average was 12.57 cents.
New York traders lifted cotton futures with July at 12.24 to 12.26 and October around 12.28 after fluctuating from 12.29 to 12.39 then 12.24. Prices closed steady with gains of 4 to 13 points. spot middling steady at 12.74 as Liverpool cables firmed.
Liverpool reports 17 000 bales of cotton sold with limited demand and prices two points lower. American Spot includes 7 600 bales, with quotations across grades from strict good middling 7.80 to good ordinary 5.30. Futures closed steady with July at 6.85, Oct 6.90, Jan 6.89, March 6.91, May 6.93.
Cottonseed oil in New Orleans closed steady with bleachable prime summer yellow at 9.20 bid to 40 asked. Crude nominal. Futures listed for July at 8.70 bid, September 8.77 bid, October 8.76 bid, December 8.79 bid, January 8.73 bid.
New York June 25 futures for cottonseed closed barely steady, 2 to 5 points lower. Total sales 255 contracts including 130 switches. Highlights include July at 9.20, September 9.27, October 9.25b, December 9.20, January 9.22. (b) bid.
Butter at 18 620 for sale and eggs at 15 680 with prices unchanged. Walter Spangler of Spring Grove Pennsylvania dislocated his jaw by yawning in an odd accident.
New York stocks show ease with rails and metals leading declines while bonds and rails in supply. Curb and industrials face pressure. foreign exchange quiet with franc and sterling down. Cotton, sugar, coffee firm on buying. European demand supports prices. Chicago wheat up on Canadian damage. corn higher as offerings thin. Cattle steady to weak. hogs rise 10 to 20 cents to a top of 12.10.
Chicago wheat and corn futures posted gains after opening declines as dry conditions in western Canada supported prices. Wheat July and Sep closed higher, corn advanced with July and Sept edging up, oats and soybeans showing smaller moves amid volatile session.
Hog market opened ten cents higher with top at 10.30. Corn fed hogs 180 to 250 lbs. 8.80 to 10.30. 150 to 170 lbs. 8.85 to 9.60. smaller pigs and sows listed with various ranges. Cattle market steady with corn fed steers 6.00 to 7.50. beef cows 3.50 to 4.50. cutters 3.00 to 3.50. canners 2.00 to 2.75. calves and yearlings also noted with prices.
Chicago market notes show hogs 7 000 head with 3 000 direct and cattle 2 000 calves 500 steady trade on fed steers and yearlings with beef grades 6.00 7.25 and vealers 8 9.00. Sheep 6 000 with spring lambs strong. The Dominion of Canada reports 2 918 900 horses in 1936 versus 2 931 300 the prior year.
New York stocks eased from a brief rise with rails driving losses up to about three points in thin trading. Leaders like U S Steel Bethlehem and Republic fell as bellwether shares retreated while gains remained for Allis Chalmers Consolidated Edison Texas Corp and International Harvester. The revised railroad retirement act drew favorable comment but wage hike proposals clouded profit outlooks.
New York June 25 reports steady foreign exchange with Britain at around 4.93 dollars per pound and other currencies listed in cents. The bulletin shows demand and cable figures for major currencies including France Italy Belgium Germany and several others along with cross rates and nominal notes.
Suger New York reports 4 percent sugar futures steady as commission houses cover positions and buy on a firm spot market. July No 3 trades near 2.48, July No 4 around 1.21 1/2, with futures finishing steady to firmer and 8,000 tons sold. Prices listed for July through May contracts.
Chicago market figures list poultry categories with weights and prices for hens, roosters, turkeys, ducks, and geese. Includes varieties such as Leghorn Plymouth Rock White Rock colored and bakebacks with prices ranging from 4 1 2 to 24 per unit.
In Ouachita Parish City Court Monroe Louisiana a Fi Fa sale is set for June 30 1937 at the City Hall front door. The seized property is a 1931 Model Chevrolet Coach Engine No 2673872 Serial AE 60241, owned by Douglas G. Silvey and Florine P. Silvey. Terms are cash with appraisement to the final bidder. B L Risher City Marshal, Monroe La. June 18 22 28 1937.
A sequence of dates from May 27 to June 25 1937 marks a period of scheduled events. The list implies multiple happenings across a span of weeks with no accompanying details on locations organizers or outcomes.
Karl Lindauer, once told he had a year to live, now ages 45 and robust, travels the Southwest in a cammobile a dog drawn home on wheels. He spends days moving through national forests of Arizona and New Mexico with 20 dogs pulling and riding. He claims they cover up to 18 miles daily and values the journey over speed or luxury.
Chicago potatoes report shows U S shipments totaling 1 262 with weak demand and moderate supplies. California White Rose U S No 1 sells 1 50 to 1 75 per cwt while North Carolina cobblers move around 1 30 to 1 35 for U S No 1. Arkansas Bliss Triumphs and Oklahoma grades show mixed bids with some decay and few sales in cobblers and Stave bbls in Virginia.
The News Star and Morning World offer a free Losers Service Bureau listing for found items like Gog purses jewelry furs and other articles. Advertisers benefit from free daily listings to help recover lost property with an accurate index of recent ads. Also promotion for New Ostrex Tonic Tablets claims to instantly invigorate organs with oyster stimulants and refunds small amount if not satisfied.
In New York on June 25 calls and time loans held steady with 1 percent and 1 1/4 percent ranges. Bankers acceptances and rediscount rate at 11 1/2 percent. Civilian losses totaled 111000 in 1936 with 400000 plus permanently disabled and 20.3 million temporarily during the year.
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