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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 29, 1938
Page
11
Cotton futures in New Orleans on June 29 closed steady with July at 8.80, October 8.79, December 8.87, March 8.92, and May 8.96, after early losses and mid session gains amid light selling and later renewed demand. Spot cotton closed quiet with low middling 7.60 and middling 8.85. receipts 931, stock 682,102.
The average price of middling cotton at 19 southern spot markets today was 19.80 cents a pound. For the past 30 market days the average was 8.36 cents.
New York cotton futures rose today after early losses as July positions covered and stock market strength supported the market. October futures climbed from 8.66 to 8.71 with most contracts settling 2 to 5 points higher. Spot middling price steadied at 8.85.
Liverpool June 29 report shows 9 000 bales traded with 200 American sales. Spot prices rise slightly with American good middling at 5.35 and strict low middling 4.25. Futures list July 4.71 and October 4.52 with January 4.87 and March 4.90.
Chicago wholesale livestock report shows 11 000 hogs with 2 500 direct sales, prices uneven but mostly 10 to 20 cents higher. top 9.15 and choicest 176-240 lb. hogs. Cattle and calves 8 500 and 1 200 respectively, strong to 25 cents higher on fed steers and yearlings. prime weighty steers to 11.40 with several loads 11.00 . heavy heifers about 20.50 and stockers scarce. Spring lambs up about 25 cents, bulk 8.75 9.10. top 9.25 for select lots. native ewes 3.00 3.25. Fourth of July holiday spurs buying.
Butter in Chicago on June 2 was unsettled at 1,161,374 pounds with creamery-extra first 90-91 score trading 24 3 4 to 25 1 4. Standards 90 centralized carrots at 25 1 4 1-2, other prices steady. Eggs 14,994 steady with fresh graded firsts local at 19 1 4, other prices unchanged.
NEW YORK June 29 Stocks move to new highs on a fresh advance with bonds firm and rails extending June rally. Curb higher led by broad upturn. Cotton improved with local and trade buying. Sugar steady with a firm spot market. Coffee easy from foreign selling. CHICAGO Wheat easy with increased rate selling. Corn firm with strong export. Cattle strong to 25 higher. Hogs uneven mostly 10-20 higher.
Fresh wave of buying pushes leading shares to new highs for the June upswing. Industrial shares gain 1 to 6 points with United States Gypsum advancing over 10 points as building stocks lead a broad market rally amid renewed optimism for industrial expansion.
An OCR derived listing shows a wide range of classifieds from Monroe Louisiana including lost and found, employment, real estate, vehicles, business services, furniture and household goods, and legal notices. The itemized text references auction style notices for Shipp Motor Company assets, seed and hardware suppliers, used furniture buyers, sheriff sale notices in Ouachita Parish, and various public sale announcements with dates in 1938. The document blends business ads, auction notices, and help wanted references amid numerous vendors and residents.
Chicago wheat trends opened with fractional losses after Liverpool quotes, amid favorable spring growth and winter harvest prospects, with Manitoba rust noted. July and September futures moved down then steadied. corn opened down but closed mostly unchanged to higher, oats flat to down slightly.
In New Orleans on June 29, cottonseed oil closed steady with bleachable prime summer yellow at 8.00 nominal and prime crude between 6.75 and 7.00 nominal. Futures listed for July 7.71b, September 7.72b, October 7.12b, December 1.71b, and January 7.2b with bids noted.
New York futures closed 2 to 4 higher as 123 contracts traded. July contracts at 8.19 billion, September 8.20, October 8.20, December 8.21, January 8.20. Bid appears.
Poultry live markets in Chicago show steady tone with one car and four trucks moving stock. Leghorn broilers under two pounds sale at 15, two pounds and up at 16, colored fryers at 16, other prices unchanged.
In the Fourth District Court of Ouachita Parish Louisiana the People's Homestead and Savings Association seeks seizure and sale of Lot U in Austin and Eby's New Western Addition Monroe. The sale occurs July 1938 with cash terms and appraisement to highest bidder. Locations and plat details are recorded in Ouachita Clerk's office.
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