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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 27, 1932
Page
8
Cotton markets in New Orleans on June 27 saw a quiet session with a gradual uptrend as favorable cables and heavy rainfall prospects buoyed prices. July liquidations neared completion, with July reaching 5.26, October 4.46, and December 5.60 before slight late-day pullbacks. closes showed 7 to 9 point gains.
In New York on June 27 cotton traded quietly with a steady tone as July demand absorbed offerings. July futures rose to 5.25 with 7 to 9 point gains on active contracts while weather in the eastern belt supported modest price gains to 5.24 for July and 5.63 for December.
Chicago reports grain prices rising early in trading with heavy rains in the southwest and a large increase in wheat on ocean passage. Open prices show wheat up after initial dips while corn moves from unchanged to modest gains amid unsettled trading.
New potatoes strong with Louisiana field run and Burbanks selling 60-85 per cwt. Sweet potatoes in better demand at 75. Creole onions 1.00-2.25. Beets, carrots 1.25-1.50 per cwt. Tomatoes 75-1.00 per 30 lb box. Iceberg lettuce 4.25 per 5 dozen heads. Watermelons weaker as supplies rise. Louisiana and Mississippi shipments detail cars of peppers, corn, sweet potatoes, tomatoes, watermelons and more.
Hogs 27 000 head, direct 9 000, market active 10-15 higher. Pigs 4.00-35, sows 3.35-90, various weight ranges 4.00-4.65. Cattle 13 000, calves 10 000, fed steers and yearlings steady to better grades, vealers 40-50 cents lower. Sheep 16 000, uneven, stock lower. fat ewes 1.50-2.00, lambs 90 pounds down 5.75-6.65.
Irregular market across major currencies with Great Britain at 3.61 in dollars and 3.92 3 4 via cables. Other nations listed include Italy 5.09, Belgium 13.92, Germany 23.09, Netherlands 40.39, Norway 17.79, Sweden 18.54, Denmark 19.66, Switzerland 19.48 1 2, Portugal 3.35, Argentina 25.79, Tokyo 26.94, Shanghai 29.62 1 2, Montreal 87.25 and Mexico City 27.65. Nomina rates shown for certain entries.
USDA figures show shipments for Saturday 847 and Sunday 21 with 163 on track 210 new and 22 old. Southern Bliss Triumphs and Irish cobblers trading 135 to 150 with some 150s, decayed 1.15 30, Missouri cobblers 1.35 45 old stock dull. Idaho russets 90 to 95.
Butter and eggs prices listed with total trading volume. Butter at 16,339 steady. creamery specials at 16 1-4 to 3-4. extras 15 3-4. firsts 13 3-4 to 14 1-2. eggs total 17,916 steady. extra firsts 13. current receipts 11 1-2. storage packed firsts 13. extras 13 1-2.
In New Orleans on June 27 Cottonseed oil closed steady with prime summer yellow at 3.10 to 3.20 and prime crude at 2.62 to 2.87. July at 3.29, August 3.33, September 3.36, October 3.40, November 3.48, December 3.50, January 3.53. In New York on June 27 prices closed dull with prime summer yellow at 3.40 and prime crude at 2.62 to 2.87.
Raw sugar traded quietly in New York with holders aiming at 2.95 while futures opened steady to four points higher. July contracts rose to 7 and December to 1.01, or 4 to 6 points net, with midday activity just below the best level.
The New York stock market slid through support lines in an afternoon selling wave, closing weak with many stocks down 1 to over 3 points and volume around 800,000 shares. Norfolk and Western plunged to the lowest level in 25 years while several major names slipped to new lows and oils held up comparatively.
Investigators report no new developments in the Baskin bank robbery that left Deputy Elmo Ferguson dead and six others wounded. John V. Thomas and Walter Bearden remain in custody as two suspects. a third man is still being sought.
The Municipal Recreation department will form a swimming club at 5 pm this Monday at the natatorium. Members must have passed Red Cross lifesaving tests or be entering the July 4 races and bathing beauty contest and must register at the recreation office city hall playground supervisors or pool lifeguards. The bathing beauty contest is open to children under 12.
Liverpool reports American cotton prices with spot quotes and futures. Quotations show strict middling 4.43 and 4.38 for mid and low grades, with various good middling levels. futures close steady with July 4.38 and later months around 4.08 to 4.25.
Call money remains steady at 2 1/2 percent for all day trading. Time loans show small gains with 60 to 90 days at 1 1/2 percent and 4 to 6 months at 1 1/2 percent. Prime commercial paper ranges from 2 1/2 to 2 3/4 percent. Bankers acceptance rates hold steady across maturities from 30 days to 5-6 months, with small variances between 1 to 7/8 and 1 3/8 to 1 1/4 percent.
The Man From Yesterday plays at the Paramount with Clive Brook and Claudette Colbert reuniting after a wartime marriage and a long separation. At the Capitol Pat O'Brien discusses temperament while The Strange Case of Clara Deane co stars with Wynne Gibson and others. The Strand shows Shanghai Express with Dietrich, filmed across San Bernardino and Chatsworth and seen by thousands of extras and audience members.
Forty two people affected by ptomaine poisoning after a golf club dinner at the municipal clubhouse left hospital or sanitarium by noon. Four patients remained at St Francis sanitarium and Clinic, including Albert Marx, R. B. Wofford, Dr. G S Handy, and R. H. Ferguson, all to go home this afternoon as improves.
Considerable interest surrounds a revival at Stone Avenue Methodist Protestant Church with services at 10 a m and 7 30 p m. Rev Edwin Grant of Eminence Kentucky conducts the revival, concluding Wednesday night as large congregations attend both sessions.
Advance copy of a book titled A Bubble That Broke the World by Garet Garrett was received by David I. Garrett district attorney. The Chemical Foundation sent it due to Garrett's Democratic national convention role, with a letter arguing foreign bank loans drained U S credit and worsened the panic, urging reduced business activity or new reserves.
The interdenominational daily vacation Bible schools were conducted by colored churches in the Twin Cities. Two hundred students attended classes held at the Zion Travelers' Baptist Church.
A revival service will be held with doors of the church thrown open for reception of new members, inviting community participation and renewal.
Thousands of fish died Sunday in Black Bayou between the A and L railroad and the fish hatchery area. F L Cox the local game warden sent samples to New Orleans for cause determination. The incident affects local business but C E Smith reports strong staff cooperation and plans to expand store stock and renovations underway.
O A Morgan, manager of the Morgan and Lindsey store, stated business this year shows significant gains in dollars, cents, and gross tonnage of merchandise compared with last year, noting improvements in overall operations and performance.
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