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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 29, 1939
Page
13
New Orleans trading closes steady to 10 points down amid lack of favorable crop reports and weak overseas signals. Spot cotton quiet with low middling around 8.35 to 9.50, receipts 725, stock 415,633. New York girds markets with broad declines in stocks and bonds as commodities feel selling pressure.
New York traders pushed cotton futures lower amid rumors over export subsidy outcomes and sagging demand. July and May contracts slipped while local professionals bought to lift prices late, with futures in Liverpool closing mostly higher on gains in July and other months.
In New Orleans and New York trading on June 2, bleachable and prime grade cottonseed oil futures moved within narrow ranges. Prices showed slight declines for some contracts while others edged up, with July around 6.42 and September near 6.57 to 6.62 in New York. volume noted at 88 contracts.
Chicago market report shows diverse potato values and conditions. California Long Whites stronger with good demand. Alabama and North Carolina Cobblers mixed as decay appears in several lots. Bliss Triumphs quoted at multiple prices, Idaho Russet Burbanks fair with spotted sacks. overall supplies moderate in U S markets.
Hogs salable 10 000 slow steady to 10 lower than Wed, top 7.50, cattle 4 500 salable with mixed grades, calves 1 006, hogs and sheep trading firm to strong on lighter week supply, best fed cattle and vealers quoted up to 9.75 and 9.25 respectively, native spring lambs 10.00-35, California and Idaho lots noted.
Chicago June 29 report shows live poultry trading with 3 cars 40 trucks irregular hens under 141 2, Leghorn hens 111 2, colored broilers 16 Plymouth Rock 17 White Rock 18 Leghorn broilers under 2 bs 15 White Rock ee 21 colored flyers 161 2 White Rock 17 and unchanged prices on other items.
Butter unsettled at 409,778 pounds with creamery grade 93 score and other prices unchanged. Eggs at 18,603 units steady with prices unchanged.
Wall Street fell as anxiety over European war talk and currency battles in Congress weighed on sentiment. Leaders dropped 1 to 3 points, with some late recovery. total volume around 800,000 shares. News of airplane engine contracts and rail traffic offered limited support amid broader weakness.
Wheat prices advance over a cent as Liverpool strength and demand boost cash wheat. July and September options move higher while corn and oats show modest gains. sugar contracts in New York rise on Cuban support and hedge lifting ahead of a holiday.
By written consent of all stockholders dated June 16 1939 W. M. Parker Inc dissolves and appoints Mrs Tina Parker 235 Wood St Monroe La as liquidator to wind up affairs without bond or court. All interested parties to contact Monroe La address. dissolution notice posted June 19 1939.
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