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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 28, 1939
Page
9
New Orleans cotton futures closed steady with losses of 4 to 11 points amid favorable weather and crop reports. Spot prices were down 2 points from the day, with low middling at 8.35 cents and good middling at 1.605 dollars per hundredweight, reflecting dull trading and steady demand.
New York futures slid as foreign buyers sold July and shifted to March and May in the mid afternoon session. July deliveries traded around 947 and 878 for other months with prices finishing down several points across contracts, spot middling quoted near 983.
Liverpool reports 42 000 bales traded with no American Molerste activity in spot markets. Quotations fall across grades with July futures at 49 4 and other months lower. prices show a broad retreat in both spot and futures as market activity slows.
Feeder hogs sold active with gains up to 7.50 while fats showed mixed to steady trade. Cattle and calf listings were light with good and near choice steers steady to higher. cows slow and weaker. vealers steady. Sheep and lambs remained active with strong demand and higher quotes for native spring lambs and Texas weathered wethers.
Chicago market reports show U S shipments total 665 with California Long Whites and Southern Cobblers slightly stronger. Bliss Triumphs and other varieties ranged from 1.55 to 2.35 per cwt with washed and unwashed conditions, some decay noted in red sacks and under ice storage affecting values.
Chicago grain markets opened higher as wheat gained 7 to 8 cents per bushel on brisk trading. Traders noted despite Liverpool quotes dropping, rain in the southwest winter wheat region supported prices with July and September contracts moving higher. corn and soybeans fell modestly while oats and rye saw smaller shifts.
New York stocks fall while silver weakens and bonds ease. U S government securities retreat, cursory hedging in sugar and coffee. Cotton soft with hedge selling, Mexican peso slides. Coffee soft amid profit taking. Chicago wheat closes lower on crop news. Cattle mixed, hogs rise to 7.50.
A cautious session on June 28 saw industrials lose 1 to 2 points while about 400 000 shares changed hands as investors eyed storm signals in Europe. Trading remained quiet amid expectations of a new crisis over Poland and silver price moves pending U.S. gold-silver legislation.
New York sugar markets show gains in domestic futures as July climbs to 6 points and September up, while world futures range varies due to liquidation and hedging. Raw sugar holds firm around 2.99 cents spot with Cuba activity nominal. refined prices hold around 445 to 450 cents with No 3 closing slightly lower. Sales reach 14,350 tons with July and September active contracts.
In New Orleans, cottonseed oil closed steady with prime summer yellow at 640 nominal and prime crude trading between 5.12 and 5.25. Futures listed for July at 5.93b September 6.05b October 6.15 and December 6.20b with January 6.24b.
Live poultry prices mixed with no change in most categories. White Rock broilers 17 and 22, Springs colored 18, fryers 18, Plymouth Rock 18, White Rock 18, with fowls steady and chickens easing.
Hunter Moody and Wilbur Parrish of Decatur aimed to set a world light-plane sustained flight record. They landed at 5:23 a.m. CST after 159 hours 43 minutes in the air due to motor trouble, 58 hours 17 minutes short of the 218 hour mark. They would have reached a full week in the air at 1:40 p.m. today.
The Fourth District Court in Ouachita Parish Louisiana orders a sheriff sale by Milton Coverdale sheriff. On Saturday July 29 1939 at the Monroe courthouse the property Lots 11 and 12 Square 4 Andersons Addition is offered for cash with appraisal benefit to the highest bidder.
The page records sheriff sales and public notices in Monroe Louisiana with multiple cases. It lists property seizures and bid terms, including Lot One in Hiedenharn's Addition and Lot in Square 20 Alexander's Addition, plus an ordinance budget table for Monroe city government.
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