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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 26, 1935
Page
9
In New Orleans the cotton market closed steady with most months up slightly and March slipping to 11.26. Exports reached 14 777 bales as weather remained bearish, oiling minor gains while demand stayed dull. Tax removal agitation continued amid constitutional challenges to the cotton processing levy.
Poor cotton closed steady with gains as of June 26 in New Orleans. Sales reached 569 with prices: low middling 11.20, mid dling 11.99, good middling 12.40. Receipts 795 and stocks 363,839.
In New York on June 26 cotton markets showed quiet trading except for a July liquidation and some selling on favorable weather news. The mid afternoon market held about unchanged to 3 points higher, with futures closing steady to 9 points up. Middling cotton futures ended at 11.95 cents per pound.
Liverpool on June 26 reports 6 000 bales sold spot including 1 400 American receive steady demand. Prices range American strict good middling 7.23 to strict good ordinary 6.18 with futures closing steady: July 6.32 October 6.02 January 5.93 March 2 May 58.
Cottonseed oil futures closed easier in New York trade with July at 9.66, September 9.86, October 9.87 to 9.89, December 9.76 to 9.77, and January 9.80. Total sales 160 contracts including 32 switches.
New Orleans June 26 reports cottonseed oil closing steady with prime summer yellow at 9.40 to 9.55. July at 9.30b, September 9.43b, October 9.44b, December 9.34b, January 9.36b. Bid.
Sugar prices firm on New York trading with light selling and buying interest. September No. 3 rose to 2.38, December to 2.40, and July No. 1 to 2.36 as the market hovered near these levels. Futures No. 3 closed 2-3 points higher with 3,400 tons sold.
New York June 26 report shows money steady with 1-4 percent changes across call loans and short maturities. Commercial paper remains at 3-4 percent, bank accepts unchanged, rediscount rate and New York Reserve Bank rate cited with minimal movement.
The River Daily Stage report lists stages at stations in Mississippi Arkansas Ohio Tennessee Cumberland and Red River regions. It shows current stages changes and rises or falls with values alongside station names including Vicksburg Natchez Nashville Shreveport and Alexandria among others.
New York stocks drifted in a narrow range and ended the day down in light trading. The market faced uncertainty from tax talks in Washington as investors waited for congressional action, with some strength in Radio Corporation and others fluctuating amid a broad list of leaders.
NEW YORK stocks easy with late selling and bonds irregular while curbs mixed and utilities sag. Foreign exchanges lower with Sterling resistant. cotton steady as New Orleans buyers and Wall Street accumulate. Sugar higher with buying. coffee irregular with selling. CHICAGO wheat strong due to harvest delays. corn higher as field conditions worsen. cattle steady to weak with top weighty steers around 12.50. hogs moderately active and 10 cents lower at 9.50.
Chicago grain prices opened higher with wheat gaining about 1 1 8 cents to 81 1 8 for September after an initial 5 8 rise. Corn moved up 1 2 to 1 1 2 cents, September 76 to 76 1 8, oats 3 4 to 1 1 8 higher, and provisions fluctuated from a 2 cent decline to a 5 cent rise as supplies and demand influenced early results.
Hogs 11 000 head including 4 000 direct. most pigs 8 50 down. Cattle 6 000 with liberal run better grade steers and long yearlings. vealers steady to weak. Sheep 9 000. spring lambs and yearlings slow. bids weak to lower. Prices shown for various weights and grades across hogs cattle and sheep with weather impact noted.
Foreign exchange markets show easy conditions in New York on June 26. Rates list Great Britain at 4.94 for cash and 4.92 for 60 day bills and various currencies including France 6.62 3-4, Italy 8.28 1-2, Belgium 16.91, Germany 40.40, and other nations with numerous bid and cable figures. N-Nominal.
Potatoes on track and shipments total 845 with old stock and moderate supplies. Michigan U S No 1 round whites 55-62 cents per cwt. Idaho russets 40 cents. North Carolina Cobblers 1.25 to 1.40. Triumphs 1.50. Virginia Cobblers 1.15. Demand light. trading weak. various regional prices and decay noted.
Chicago reports Batter and Eggs prices with steady quotations for creamery specials extras and firsts. Separate lines list prices for eggs with steady rates on extra firsts focal and fresh graded firsts. A note adds that roadside trees along German highways are painted with phosphorescent bands to glow at night for driver warning.
Multiple faith groups in Tallulah met last week. Baptist Missionary circles led by Mrs. J L Davis and Mrs. Horace Lee hosted programs on service and summer work. Members from several circles shared talks and devotionals. A Methodist Young People’s assembly was attended by Susie Speed and Louise Freeman from the Tallulah church.
The Ouachita Fourth District Court will auction Lot 3 in Block 105 of D A Breard Sr addition Monroe Louisiana at the courthouse western front door between legal hours on Saturday June 29 1935. Seized as property of the defendant the sale is to satisfy the writ of fi fe and costs with cash paid to the last and highest bidder.
Dr and Mrs S G Hines and Billy Gilbert Pettijohn drove to Natchitoches Sunday and returned with D W Pettijohn who had been visiting his wife a student at Louisiana State Normal College. C C Sheppard spent Monday in Shreveport for a lumbermen meeting. Mr and Mrs K Knight left Monday for New Orleans for Mrs Knight's medical treatment after months of illness.
Frank Frickie Sr and Mrs Katie Weaver both of Clarks were married June 24 in Columbia. The ceremony was conducted by Rev W D Morris. The couple, attended by friends who motored to Columbia, will live in Clarks where Frickie works as foreman at Louisiana Central Lumber Co.
The Ouachita Dairy Dealers Cooperative Association will hold a meeting at the courthouse at 7 30 this evening to discuss future program plans and important matters.
Claud May of 210 Louisville Avenue denies being the same man fined $7.50 in city court Tuesday for drunken and disorderly conduct. The piece notes confusion in a local case amid broader reference to Belgium’s reduced horse trade and Germany’s 4,850 Belgian horse imports last year versus prewar averages.
Live poultry prices listed for 26 truckloads in Chicago with hens under 5 pounds at 16 cents and over 5 pounds at 16 1-2 cents. Leghorn hens 12 1-2, rock fryers 11-19, colored 17-18, and other poultry values for broilers, turkeys, ducks, and geese noted along with weight ranges.
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