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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 29, 1936
Page
9
In New Orleans on June 29 cotton futures dipped after CCC sale reports but rallied to end near the day’s lows. July 12.30, new crop months 11.50 to 12.30, exports 11,915 bales. Spot cotton held steady with low midling 11.30 and middling 12.55 as receipts rose to 2,010.
New York reports liquidation pressure on easy cables and a reopened 12 cent loan for extra cotton releases. Declines run about 16 to 18 points in cotton with partial rallies on trade buying and covering. Futures end steady to 6 to 11 points lower. spot market quiet with middling at 12.39.
Liverpool notes spot demand fair with prices eight points lower. Quotations list American grades from strict good middling at 7.53 to good ordinary 6.93. Futures closed quiet and steady with July at 6.60, October 6.22, December 6.12, January 6.11, March 6.10, May 6.10.
Cottonseed oil markets held steady as futures closed with modest changes. In New Orleans July crude and refined quotes hovered around 9 dollars per barrel with months through January quoted, while New York also finished steady with July at 9.30 and September 9.25 with 41 contracts traded.
Butter prices steady with creamery specials at 31 to 31 1-2 for 93 score and extras at 92. Firsts and standards range 29 1-4 to 30 1-2 with centralized carrots at 30 1-2. Eggs price list shows 20 3-4 to 21 1-4 for extra firsts and cars, current receipts around 19 1-2, storage packed 21 3-4 to 21 1-2.
In quiet trading on June 29 in New York sugar futures held generally steady through covering and trade support. Sept. 2.82 and Jan 2.52 at midday with small point moves. No. 3 futures closed steady to 2 higher. Sales totaled 500 tons with July 2.82, Sept 2.80, Nov 2.75, Jan 2.50, Mar 2.48, May 2.48.
Call money steady at 1 percent all day. Prime commercial paper 3-4 percent. Time loans steady at 60 days 6 months 1 1-4 percent. Bankers acceptances unchanged. Rediscount rate at 11-2 percent by the New York reserve bank.
Stocks irregular with Chrysler hitting a new high while steels lag. Bonds mixed with Polish bonds rallying. Curb ragged but utilities steady in an easy market. Foreign exchanges soft as guilders slide after a bank rate cut. Cotton down on government loan news. Sugar rises on trade support. Coffee quiet with European buying. Chicago wheat up. corn buoyant amid heat. Cattle steady to 25 higher and hogs up 5 to 15 cents, top at $10.85.
Chicago wheat prices ease early on large receipts while corn firmed and closed higher than Saturday. June 29 reports show July wheat around 92 to 95 cents, September near 93 to 95, and corn July about 66 cents with September around 65 to 66 cents. Oats and rye show modest moves amid broad variances in lard and belly futures.
U S Dept. of Agriculture market summary shows hogs at 17.90 with top 19.85 and bulk 160-250 lb at 19.60-80. cattle 15,000 with steers and yearlings up to 25 higher, yearlings 9.25, best fed heifers 8.50, grass cattle barely steady, vealers 8.50-9.50, bulls 5.75, sheep 8.90 including 5,000 direct, fat native lambs around 11.90 with some 11.25, buck lambs discounted 1.00, fat ewes steady.
A rally sparked by Chrysler to a six year high faded as profit taking emerged across sectors. Steel shares retreated after news of open shop disputes while many favorites posted fractional gains or fell. Trading totaled about 800 04 shares with bonds and commodities uneven as a Dutch rate cut and a weaker French franc unsettled markets.
The Chicago Time market note lists live poultry prices with 1 car and 33 trucks. Hens 5 lbs and under 20 cents, over 5 lbs 18.5, leghorn hens 15.5, Plymouth Rock varieties 21-28, white rocks 23-28, fryers and broilers 20-23, roosters 13-14, heavy ducks 12.5, young geese 15, turkeys 13-16.
Dredge equipment weighing 480 tons was hauled to gold diggings over more than 100 miles of ice on the Fortymile river for summer work. Two caterpillar tractors supplied the power.
Chicago June 2 report notes total U S shipments Saturday 969 Sunday 66 with moderate supplies. Bliss triumphs lead quality yet white stock weaker while demand stays fair. Prices listed for U S No 1 and No 2 grades across Oklahoma Arkansas Texas North Carolina Missouri Kansas California and other regions.
A dense catalog of the Monroe News-Star and Morning World classified rates and classification categories. It lists per line pricing, ad submission methods, closing times, and alphabetical sections for employment real estate automobiles services and other ad types with numerous subcategories and tag numbers.
June 29 report lists international rates and demands for currencies. Great Britain at 5.02 3-4 dollars, France 43 5-16 francs, Belgium 1691, Germany 40.34, Holland 68.14, Japan 2943, Mexico City 27.35, Montreal 99.75, and other currencies with nominal values and cables noted.
The chart lists 24 hour river stage readings for cities from St. Louis to New Orleans with values showing rises and falls. It notes specific stage changes at Memphis, Vicksburg, Baton Rouge, Camden, Nashville, Little Rock, Shreveport and Shreveport along with transport hubs and regional gauges.
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