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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 29, 1933
Page
20
Markets show nervous energy as cotton futures swing from early lows to modest gains. October and December contracts move between 10.20 and 10.58 with no clear trend while spot cotton closes steady in New Orleans with sales at 9.49 to 10.59 and receipts near 3,904.
Cotton prices fluctuated amid international money concerns and liquidation selling. Futures closed steady with July through May contracts listed. spot middling around 10.15 cents.
In Orleans on June 29 oil futures closed steady with primes near 535 to 545 and July at 538, with later months around 5.40 to 5.57. In New York on June 29 bleach cottonseed oil futures closed at 5.60 bid for spot and 5.48 to 6.15 for various months.
Cotton futures closed steady as 5,700 bales were quoted in fair demand. American grades traded at 6.07 to 6.57 per hundredweight with various middling levels. Futures listed for July 6.15 and October 6.15, with other months around 6.18 to 6.47.
A tabulated timetable fragment shows forthcoming arrivals and departures for several lines. It lists SLINIS CENTRAL SYSTEM Missouri Pacific links North West Bound and various coach services with times and routes. The legible entries include morning and evening departures and some station names, though the text is partially garbled.
Stocks show irregular action with quiet specialties and steady to firmer bonds. Curb market softens with higher industrials while foreign exchange falls. cotton, sugar, and coffee see muted moves. Chicago wheat rises on damage in the Northwest. corn declines on rains. cattle and hogs weak with lower hogs around 4.65.
Chicago grain markets show a brisk rise with wheat at about 1.00 a bushel and mixed moves in corn and oats. No. 2 red wheat opens near 91 1/2 cents with corn around 47 to 50 cents, oats about 41 to 41 1/2 cents, and barley at 42 66 cents per cwt.
New Orleans market notes mixed fruit and vegetable pricing on June 29. Apricots celery and okra slipped while new potatoes held firm. California lemons Valencia oranges and other items showed varied box prices. cantaloupes and melons, berries, peaches, and peppers ranged with several items in liberal supply.
Raw sugar in New York on June 29 showed a quiet market with bids near 3.45, trading lower into noon. September slipped from 1.46 to 1.43 before rebounding to 1.44, and January recovered from 1.54 to 1.52, with refined prices steady at 4.60 and second hands about five points under.
The market shows weak foreign exchange with various currencies quoted in dollars or cents. Rates include Great Britain at 4.25, France 4.94, Italy 6.75, with numerous Demands and cross rates for Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Rumania Argentina Brazil Tokyo Shanghai Hongkong Mexico City and Montreal exchanges.
New York stocks traded cautiously as London currency talks and a dollar rally influenced markets. Prices fluctuated with some blocks of shares advancing while others fell, yielding an irregular close after a lighter turnover of about 4.6 million shares.
Fourth District Court in Ouachita Parish Louisiana schedules a July 1 1933 public sale of 20 acres in Magenta and King plantations at Monroe. The Monroe Bidding & Loan Association seeks cash bids with appraisal value to claim property and improvements.
New York June 29 report shows call money steady at 1 percent all day. Time loans steady with 60 to 90 days at 3 to 4 percent, 4 to 5 months at 4 to 5 percent, and six months at 11.25 percent. Prime commercial paper quoted 11 to 12 percent. Bankers' acceptances unchanged.
Chicago live poultry prices show steady trading with 42 trucks on hand. hens 10 1 2 cents, leghorns 8, roosters 8, turkeys 10 11, spring ducks 6 9, old ducks 5 6, geese 6 1 2, broilers 16 1 2 to 18 1 2, leghorns 12 13, colored 14 16. In Greensboro North Carolina, eighty seven fifth grade children were served fresh produce from their school garden.
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