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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 26, 1939
Page
7
Active trade in New Orleans narrowed losses with futures closing mostly higher or steady. Spot cotton in New Orleans posted quiet trading with mixed results and higher July futures. Liverpool quotes showed declines across options as markets eased.
In New Orleans and New York trading, cottonseed futures closed modestly down. Prices for July through December contracts show slight declines while bids remained reported for March and later months.
Chicago market notes show hogs steady to up as much as 19 cents, with various weight ranges trading 6.25 to 7.20 per hundredweight and top at 7.20. Cattle and calves run slower with steers and yearlings steady to 2 lower, supply liberal, cows scarce, vealers weak, and sheep undertone soft to 25 lower.
Chicago reports varied potato markets with U S No 1 and washed prices listed for multiple states. California Long Whites and Bliss Triumphs show under ice and damaged stock. Regions including Alabama Louisiana Arkansas Oklahoma North Carolina Virginia Idaho present mixed decay and heated stock.
New York traders pushed world sugar futures to record levels as London markets surged on optimism over new July quotas. July rose 12 points to 151 while domestic futures moved mixed. Raw sugar held at 285 cents, Cuban prices steady, refined at 4.45 to 4.50. Futures No. 3 closed flat to up, with July at 1.885, Sept 1.97, Jan 1.97.
Chicago market reports live poultry at steady prices with hens Leghorn and Plymouth Rock varieties listed by weight. The note also mentions broilers fryers and roosters with per pound ranges for colors and breeds. A separate line warns summer heat expands automobile chassis up to an eighth of an inch.
New York on June 26 reports heavy stocks and industrials retreat while bonds and foreign loans decline. Curb down with all groups hit. cotton steady, sugar strong, coffee soft amid sporadic liquidation. Chicago wheat steady with harvest delays. corn firm. cattle steady to 25 lower. hogs steady to 10 up, top $7.20.
The New York stock market showed mild selling with leaders slipping a point or two as fresh international tensions weighed on sentiment. Volume was light, with transfers around 500 000 shares. analysts cited British Japan tensions, Russia and Japan border fighting, and Hitler speech rhetoric as key drag factors while prospects and contracts such as Curtiss-Wright Turkey orders offered limited support.
City of Monroe posts a detailed budget showing General Fund and Public Utilities receipts and expenses for 1939 40 plus notices of succession sales and receivership actions with properties listed and sale dates in West Monroe and Monroe Louisiana.
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