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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 28, 1938
Page
9
In New Orleans on June 6 cotton futures showed irregular moves with near-term buying and later selling. July at 8.78, Oct 8.82, Dec 8.97, May around 8.97 with notices for 5800 bales issued and later halted. Mid-session profit-taking and subsequent buying steadied the market as exports reached 5058 bales. Nearby averages show middling prices around 8.77 cents across southern spot markets.
New York cotton trading on June 28 centered on July liquidation with 518 first day notices. After early gains, demand waned and prices traded lower, with July at 8.72 and October near 8.65 to 8.73, while other contracts posted fractional moves or mixed closes. Not steady, middling grade listed at 8.82.
Liverpool reports 7 000 bales with 1 900 American. spot prices ease by about 2 points. Quoted American categories range from strict good middling 5.68 to good ordinary 3.48. Futures close 4 to 6 lower with July at 4.71 and later months from 4.34 to 4.94.
In New Orleans the cottonseed oil market held steady with values listed for bleachable prime summer yellow at 7.95 nominal and prime crude 6.75 to 7.00 nominal. Futures quoted July at 7.68B, September 7.68B, October 7.67B, December 7.67B, and January 7.68B. B bid.
New York June 24 Bleachable cottonseed oil futures closed 5 to 10 points lower with sales of 127 contracts. Prices quoted for July at 8.17 and December at 8.17, with other months listed around 8.18 to 8.17.
Sugar futures in New York on June 28 showed uneven moves as No 4 held steady with some outside buying and covering while No 3 eased on liquidation and hedge selling. Sept No 4 traded at 93 18 to 93 1/2, March 94 1/2 to 95, Sept No 3 fell from 1.83 to 1.82, March 1.91 to 1.90, leaving the list largely unchanged at 2 p.m. Sales totaled 4,550 tons with July at 1.76, Sept 1.81, Jan 1.86, and March 1.90.
New York stocks edged higher in a uneven session led by select specialties up modestly. Activity remained light as government pump priming looms, Pullman rose after an interstate ruling, and steel groups cut prices amid wage chatter while bonds and foreign securities eased.
A compilation of sheriff and court notices advertising foreclosures and property sales in Ouachita Parish Louisiana. Writs of fi fa seizure and sale name parties including Marshall Sale Motors Securities Co Monroe Automobile & Supply Co Ruby Motors H Rosenhein People's Homestead Assn and others with sale dates July 6 July 8 July 9 July 30 1938 and locations at West Monroe City Hall or Monroe court house. Descriptions list vehicles and parcels Lot Ten Nine and street corner sites. Próceeds cover costs and bids payable in cash with appraisement.
Chicago grain prices moved lower as Liverpool quotations softened and rain affected US spring crop areas. Wheat opened mostly unchanged to down, futures fell through the day with July at 75 1 2 to 7 8 and September at 76 1 2 to 5 8. Corn trims losses with July around 57 1 4 to 3 8 and September near 58 3 4 to 7 8, while oats held steady to down 3 8.
Chicago market data shows hogs 17 000 with direct 3 500, prices mostly 10 20 lower, top 9.00, weights various. Cattle 7 000 large calf 1 500 steady to higher for fed steers, yearlings, and light steers. heifers up 15 25, demand strong. Sheep 5 000 with lambs and ewes mixed. old crop and spring lambs firm to higher, feeder lamb trends strong. Robert Fulton’s Clermont finished 154 miles New York to Albany in 32 hours.
June 28 Chicago poultry market reports steady prices for live birds with 49 trucks. Broilers colored 15 with Leghorn 14 1 2. White Rock 17. Fryers colored 15 1 2. White Rock 18 1 2. White Rock springs 2 1 2. bareback chickens 13-16. Other prices unchanged.
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