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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 28, 1932
Page
8
Cotton trading in New Orleans barely moved with narrow fluctuations and a slight downtrend as July notices were halted and selling pressure grew. Prices slipped from early highs to mid-session lows with October at 5.39 and December 5.54, while exports reached 8,962 bales and futures closed steady to modestly higher.
New York June 28 reports the first July notices totaling about 40 900 bales, triggering further liquidation and delayed deliveries while offerings absorb and prices stay steady. After slight dips to 5.15 to 5.22 for July, the market steadied and closed with modest declines.
New York June 28 The cotton market eased to net losses of 7 to 8 ports in early trading then recovered most losses in late trade. July held one point higher while other months were unchanged to 2 points lower. Liquidation rose in July due to notices involving about 4 000 bales in New York and 1 000 bales in New Orleans.
Markets show irregular stock action with dividend news. bonds steady. currencies steady. cotton weak from bad weather and steady spot trading. Sugar softer. coffee quiet with buying. Chicago wheat firm on crop reports. corn steady with bullish weather. cash markets firmer. Cattle steady to strong. hogs active and higher.
Watermelons across the region showed weakness as receipts climbed. Alabama Wonders 15 to 30 pounds sold mostly 15 25, Florida Tom Watsons 25-50 for 2 to 30 pound melons, Texas Dales 30-50 for 24 to 32 pounds average. Louisiana sweet potatoes and potatoes stronger. Creole onions 1.00-1.25, garlic 25-75 per double string, best snap beans 1.50-2.00, okra 2.00-2.50, squash 40-50, peppers 41-60 per bushel. Tomatoes firm 1.00-1.25 per 30 pound box. iceberg lettuce at 4.25 per crate. Shippings: Louisiana 2 cars tomatoes and mixed vegetables. Mississippi 12 cars tomatoes and other produce.
In Chicago on June 28, hogs and cattle show varied action with 15 000 hogs including 2000 direct and 5000 cattle. hogs 10 20 higher with 180 240 lb at 4.70 4.80, sows 3.50 4.00, 200 250 lb 4.65 4.85, 250 350 lb 3.35 3.75, pigs 100 130 lb 4.00 4.50. Cattle and calves steady to firm, vealers 5.00 6.00, steers 700 8.40, 900 1100 lb 7.00 8.50, 1100 1300 lb 7.00 8.50, 1300 1500 lb 7.00 8.50. Sheep 12 000 with outsiders few sales, ewes 1.0 2.25, lambs 5.75 6.55.
Liverpool reports 2 000 bales of American cotton traded with five point price gains. Quotations show American strict good middling at 4.93 and edge of market with strict low middling at 4.33. Forward prices fall between July at 4.07 and May at 4.24 for next contracts.
New York reported a mostly steady raw sugar market as offerings held at last prices. Futures opened 2 to 4 points higher but September and March trimmed gains, with midday quotes 3 to 4 points lower. Refined sugar held at 3.95.
New York trading sees Allied Chemical and American Can lifting some shares with dividend news, while Coca Cola and Santa Fe drag the market. Downticks in U S Steel and other major names offset gains from Allied Chemical and Auburn, as May rail earnings and anticipated tax changes affect sentiment.
Eastern Intercollegiate Athletic Association votes to forbid radio broadcasts of home football games next season to boost gate receipts. Harvard Yale Princeton Pennsylvania Brown Pittsburgh Navy Army Columbia Syracuse Dartmouth Penn State among members. Big Ten may follow. NCAA meeting in Pasadena set for late July to discuss bans.
In New York on June 28 cottonseed oil closed firm with prime summer yellow around 3.40 and prime crude 2.75 to 3.00. Active futures shown for September and December near 3.86 to 4.00. In New Orleans on the same date prices ranged from 3.15 to 3.25 for prime yellow with July at 3.37 and December near 3.55.
New York June 28. Foreign exchange shows steady levels with Great Britain at 8.60 3-4 in dollars and various currencies quoted in cents. Demands list Belgium 13.91 1-2, Germany 23.69, Norway 17.79, Sweden 18.54, Denmark 19.66, Spain 8.24, Argentina 25.79, Tokyo 26.94, Montreal 87.75, Mexico City 27.40 with several cable and demand rates noted. Nominal rate.
Monroe article details a Baton Rouge vs Monroe baseball game with Brann and Smith leading a 24 3 final and multiple players named. It lists score by innings and notes pitchers Albers Trask Long along with umpire Parker and a sheriff's sale notice for Ouachita Parish, Monroe.
The Fourth District Court of Ouachita Parish Louisiana Monroe issues house sale notices for two matters. Frank Jones et al versus People’s Homestead & Savings Association and Southland Securities Co Inc. involve real estate Lot 9 square Wilson Williams addition Monroe and a Ford Pick-Up auction with costs. Sale date set for Saturday July 9 1932 in Monroe Louisiana with dates June 28 and July 2 7 1932 listed.
Public notices list numerous court actions in Ouachita Parish Louisiana. Seizures cover parcels on North Fourth Street and J Street, various properties in Monroe, and multiple motor vehicles including a Pontiac, Chrysler, Nash, and Ford models. Auctions run with cash terms and appraisement, deadlines set in July 1932.
Potatoes 36 on track 146 and total U S shipments 454 new stock stronger. Supplies moderate and trading good with southern Bliss at 1 50 to 69 and heated 1 25 to 40. Cobblers best 1 50 to 60 and east shore Virginia cobblers 1 70 old stock dull with no reported sales.
Butter and eggs market figures from Chicago report show butter at 16 716 unchanged, eggs trading easy with supplies 10 320. Extra firsts quoted at 12 3 4, fresh graded firsts 12 1 4, current receipts 11 to 11 1 2, storage packed firsts 12 3 4, extras 13.
In Chicago on June 2 a poultry market bulletin lists alive fowl counts and prices for various categories including 51 trucks of poultry and items such as colored broilers fryers springs Leghorn broilers roosters spring ducks old spring geese and turkeys with range figures from 8 to 16 in cents per pound.
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