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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 29, 1937
Page
9
New Orleans reports a brief early sell off in cotton futures with July and other months trading lower before buying support absorbed the selling. Exports reached 12 364 bales as grain strength supported steadiness, closing steady to 3 points down. spot cotton closed 10 points higher with sales of 153 bales.
Early trading slips on nerves over French finances and July liquidation give way to midafternoon rallies. October climbs to 12.32 then settles near 12.27 as selling returns, with futures ending steady 4 to 6 points lower and spot steady at middling 12.66.
Liverpool traders reported 4 000 bales sold with 100 American as spot activity held steady. Prices ranged from 5.26 for good ordinary to 7.76 for strict good mids, with six points lower spot. futures closed steady at July 6.76, Oct 6.82, Dec 6.81, Jan 6.81, Mar 6.83, May 6.85.
In New Orleans on June 29 the market showed steady Cottonseed oil with bids and asks listed for July, October, December and January futures. Prices quoted include 9.20 bid 40 asked for prime summer yellow and other nominal figures for prime crude, with additional bids and asks noted for later months.
New York bids show irregular trading with gains and drops across contracts. July at 9.16, Sept. 9.15-16, Oct. 9.14, Nov. 9.20, Dec. 9.11 after 69 contracts traded including 12 switches.
In New York on June 29 sugar futures showed limited activity and uneven direction. No. 3 contracts held firm with July around 2.49 and September near 2.50, while No. 4 eased slightly. July No. 4 traded at 1.21 and Sept at 1.23 to 1.24. Sales totaled 15,450 tons with several delivery months quoted.
New York June 29 call money unchanged at 1 percent for the day with prime commercial paper also at 1 percent. Time loans show 60-90 days at 1 to 1.4 percent and 4-6 months at 1.5 to 2 percent. bankers acceptance unchanged and rediscount rate at the New York Reserve Bank 1.5 percent.
River stages rise amid flood conditions as officials report 24 hour changes. Hydrologists monitor crest forecasts and warn residents in flood prone areas to prepare and follow emergency guidance.
New York markets rise with steel and rails in a mild rally while bonds strengthen for U S governments. oils and specialties recover. foreign exchange stays nominal. In Chicago wheat climbs on crop damage, corn weakens in parts, cattle and grain firms, hog prices slide, top at 11.90.
Chicago wheat futures gained early as Liverpool prices plus Canada’s crop concerns and rust damage signals prompted higher bids. July and September contracts climbed, corn moved modestly, with closing gains in wheat and mixed shifts in corn and oats.
Mixed foreign exchange quotations show Great Britain at 4.93 1 8 for demand and cables, France unquoted, Haly 5.26 1 4, with various nations listed for demand in both dollars and cents. Montreal and New York exchange rates appear as cross-border references.
Hogs 17 000 head with 4 000 direct buyers. Trading 10 to 15 lower than Monday, top 11 90. Cattle 7 000 and calves 2 500 active on grain fed and yearlings, best light yearlings 14 60. Bulls up to 7 10. Vealers to 10 00. Sheep 5 000 with spring lambs uneven and 25 lower. week yearlings 8 35. ewes 3 00 to 4 50.
Potatoes in Chicago on June 29 report U S. No. 1 prices for California White Rose at 1.55 to 1.65 with heated sacks. Virginia Cobblers around 1.25 to 1.60. North Carolina Cobblers 1.40 to 1.45 with decay. North Carolina Bliss Triumphs 1.35 to 1.50. Oklahoma Bliss Triumphs 1.30 to 1.40. U S. shipments total 671 with liberal supplies and slow demand. southern cobblers steady and other stock about steady.
Hog market opened ten cents lower with top at 10.20. Good and choice corn fed hogs 180 to 250 lbs 9.70 to 10.20. 150 to 170 lbs 8.85 to 9.60. Sows 7.35 to 8.85 with common 5.50 to 6.50. 130 to 140 lbs 7.30 to 8.30. 100 to 120 lbs 6.25 to 7.25. Common woods pigs 3.50 to 4.50. woods sows 4.00 to 5.50. Good stock pigs 5.00 to 7.00. stay 6.00 to 8.00. medium grades 50 cents lower. Soft hogs discounted 1 to 2 dollars per hundred. Cattle market steady. good corn ted steers and heifers 6.00 to 7.50. choice higher. Mixed yearlings 3.00 to 4.50. choice higher. Cutters 3.00 to 3.50. canners 2.00 to 2.75. Good sausage bulls 4.00 to 4.75. heavy 1,300 lbs and up 5.00 to 5.50. Common jersey bulls 3.00 to 3.75. Calves–weaners steady. top 8.25. Good and choice calves 150 to 210 lbs not over eight weeks 7.25 to 8.25. Fair kinds 4.25 to 5.75. aged common rannies 3.25 to 3.75.
Butter and eggs prices in Chicago report mixed activity with butter at 16 170 firm and eggs at 14 981 firm. Local extra firsts for eggs quoted at 20 1 4 to 21 1 2 with current receipts 19 20 1 2 and storage suited firsts at 21.
New York brokers reported cautious gains on June 29 with steel and rail stocks at the core of the modest advance. United States Steel Bethlehem and Youngstown Sheet & Tube regained ground after early losses as carriers benefited from a sold out condition and anticipated wage deal delays. Several majors including General Motors Chrysler Boeing and General Electric posted small advances as profit taking limited gains.
Eddy Gilmore reports the Bureau of Engraving and Printing allowed a staged moment where visitors could pretend to lift a bag of 126 million dollars. The gimmick drew crowds and even a congressman’s tour with 600 children, until officials stopped the dramatic display.
Durwood Griffin of Griffin's studio will travel to Winona Lake Indiana to enroll in the International Professional Photographers school from July 1 to September 1. Ed Hayman of Youngstown Ohio will run Griffin's commercial department during Griffin's absence.
Baton Rouge Louisiana June 29 The Reveille LSU campus publication will switch from semi weekly to daily shortly after the next term begins. Director M G Osborn of the LSU school of journalism announced the change after returning from a study trip examining college dailies.
Several sheriff sale notices from Ouachita Parish Fourth District Court list Central Savings Bank Trust Company Walter R. Foster First Joint Stock Land Bank of New Orleans and Francis W Scott Receiver of Slagie Johnson Lumber Co Inc. with sales dates July 31 1937 July 10 1937 and July 51 1937 respectively at Monroe courthouse.
Chicago June 2 live poultry prices list weights and grades for hens fryers and roosters with figures for Leghorn Plymouth Rock White Rock colored barebacks and turkeys ducks and geese. Prices cover hens roosters and No 2 turkeys across heavy and small categories with two weight classes and color distinctions.
Sig Haas, longtime Monroe businessman born in Bavaria, celebrated his 81st birthday Tuesday. He arrived in 1872, settled in Monroe in 1878, and built a career from Meyers brothers to founding The Famous company and later Sig Haas and Sons. He is a veteran Mason and longtime treasurer of Western Star Lodge No 24 F and A M since 1993, with strong civic involvement.
The House sent the administration’s 1.5 billion relief bill to the White House for approval, completing action by adopting conferees’ recommendations. The proposal eliminates a Senate amendment requiring public release of WPA officials’ names, positions and salaries. It extends the PWA two more years with 359 million for grants.
Miss Mildred Lanier daughter of Mrs J H Lanier of John and George Webb son of Mr and Mrs George Webb of Harrisonburg were married June 27 in Harrisonburg. Rev B A Miley pastor of the Baptist church officiated the ceremony.
Porter Smith age 21 of Tallulah was readmitted to St Francis sanitarium two weeks after a car collision in Tallulah. He suffered injuries to his left knee and was initially treated and released. The crash was reportedly caused by a drunken driver.
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