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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 30, 1932
Page
14
Cotton futures showed active trading with prices rising across contracts in New Orleans. July climbed to 5.91, October to 5.78, December to 5.91 as heavy short covering and German buying supported gains. closes net 22 to 23 points higher.
New York reports firmer cotton as trade buying and rumors of showers and boll weevil activity in the south lift October contracts to 5.67 with mid session gains of 11 to 12 points. Futures close very steady 20-24 higher while spot middling holds around 5.80.
June 30 New York dispatch reports an upward cotton market trend as forecasts call for new showers across most regions. Final prices rise to session highs with continued buying from traders, spinners, and overseas buyers while rainfall affects crop prospects and the Democratic convention in Chicago is watched for potential impact on markets.
Markets report shows heavy stock losses with specialties leading the decline and U S government bonds rallying while curbs and utilities retreat. Foreign exchanges hold steady with Swiss franc gains. cotton and sugar rise on favorable trade buying. coffee drops marginally. Chicago grain and livestock markets show mixed moves with wheat steady and rains in Oklahoma. corn soft with July liquidation and unsettled cash, hogs up and cattle firm.
Chicago grain markets opened higher on June 30 with rainfalls aiding harvest areas in the southwest. Wheat fluctuated around yesterday's finish, corn moved from slight declines to modest gains, oats were steady to higher, and provisions showed little change with a modest rise.
USDA market report shows steady price trends for Louisiana and Mississippi produce. Beans, corn, okra, peppers, and cucumbers quoted with varied per bushel or per hundred ears, while cantaloupes, watermelons, apples, and pineapples posted specific crate and box prices. shipments include green corn, potatoes, mixed vegetables, and peppers from Louisiana and tomatoes, mixed vegetables, sweet potatoes, and watermelons from Mississippi.
In New Orleans on June 30 the market remained firm with prime summer yellow at 3.30 to 3.40 and prime crude near 2.87 to 3.00. futures for July to December show varied levels. In New York the market also stayed firm with prime summer yellow around 2.50 and prime crude near 2.87 to 3.00, while several near term and deferred contracts traded.
Chicago June 30 reports U S potato activity with 862 new stocks, weak cobbler demand but steady on triumphs, moderate supplies and trading. Southern triumphs quoted 1.65 to 1.75, cobblers 1.30 to 1.40, Missouri cobblers 1.35 to 1.40, old stock light, markets practical but limited trade.
Liverpool reports 2 000 bales of American cotton traded with moderate demand and prices 6 to 8 points higher. Quotations show American strict good middling 5.01, good middling 4.61, strict middling 4.56, middling 4.49, strict low middling 4.41, low middling 4.71, strict good ordinary 4.11, good ordinary 3.81. Futures closed steady with July 4.22, October 4.21, December 4.24, January 4.26, March 4.32, May 4.37.
The New York stock market closed the first half of 1932 with prices near the June 1 cyclical lows. Turnover ran about 600,000 shares as losses extended across leading issues from Dupont to National Biscuit and Homestake Mining, while several wet-stock gainers appeared briefly before a late-day slide.
Hogs 17 000 with 4 000 direct up 5 10 cents top 5 00. Pigs 4 25 4 50. Sows 3 55 4 15. Cattle 5 000 calves 2 000. Fed steers and yearlings active and firm. Best fed steers 8 50, yearling 8 40. Slaughter cattle steers 600 900 lbs 7 00 8 50, 900 1100 lbs 7 00 8 60, 1100 1300 lbs 7 00 8 60, 1300 1500 lbs 7 25 8 60. Wealers 4 75 5 75. Sheep range lambs absent. lambs 9 lbs down 5 50 6 50, ewes 90 150 lbs medium to choice 1 00 2 25.
Foreign exchanges in New York on June 30 remained steady with major currencies quoted in dollars or cents. Key figures include Great Britain 3.60, France 3.93, Germany 23.80, Sweden 18.49, Argentina 25.79, Tokyo 7.31, Montreal 87.37, and Mexico City silver peso 27.15, with additional nominal cross rates listed for other nations.
New York reports a firmer sugar market with light offerings and revived talk of segregation plans. At the close, July to May futures advanced 4 to 6 points with sales totaling 19,450 tons and prices ranging from 0.82 to 1.04 per unit across contracts including July 82 Sent 89 Oct 92 Dec 94 95 Jan 96 97 March 1.00 1.01 May 1.04.
butter 14.563 firm creamery specials 93 score 16 1-4 to 3-4 extras 92 15 3-4, extra firsts 90-91 15 to 15 1-4, firsts 88-89 13 3-4 to 14 1-2, seconds 86-87 12 to 13. eggs 17.399 firm, extra firsts 13, fresh graded firsts 12 1-2, current receipts 1] 1-2, storage packed firsts 13 1-4, extras 13 1-2.
Chicago market update lists live poultry for sale including 4-Poultry cars and 42 trucks. Fowls range around 11 1 2, colored broilers and fryers 13, spring 17, leghorn broilers 12 to 13, roosters 9, turkeys 19 12, spring ducks 8 to 10, old ducks 7 to 8, spring geese 11, old geese 8.
New York June 30 call money steady at 21 2 percent for the day. Time loans firm 60 to 90 days at 11 2 percent, four to six months 11 2 percent. Prime commercial paper 21 2 to 23 4 with bankers acceptances unchanged.
The Royal Aircraft Establishment at Farnborough is building one of the world’s largest wind tunnels. The facility will be 230 feet long and 140 feet wide, powered by a 2000 horsepower fan to test aircraft models and full size planes.
A 53 year old girl described as violent and destructive shows behavior shifts after psychiatry sessions. She previously mimicked boys and disdained dolls but gradually accepts femininity and asks for a doll as treatment progresses. The psychiatrist notes the turning point occurred after a conversation about gender roles.
In Madison County Kentucky a jury fined Mrs Nannie Rowland 18 one cent for the involuntary manslaughter of her paramour Calvin Ward 20. She had pleaded guilty to the charge.
The engagement of Prince Gustaf Adolf, eldest son of the Swedish crown prince, to Princess Sibylle of Sachsen Coburg Gotha was announced recently.
Washington reports five licensed transport pilots have flown more than 1000 miles each. The group includes E. Hamilton Lee of Omaha James H Knight of Chicago Clyde Pangborn of Wenatchee Ralph F Thomas of Akron and Edwin K Jaquith of New York.
A dialogue snippet shows a father accusing his son Herbert of stealing money from his pocket while the mother defends him, saying not all was taken. The exchange reflects family friction and suspicion within a domestic moment.
Soviet aviation budget for the current year totals about $35,910,000. Over half will fund new construction of 1,155 airplanes in the five year period, with each plane costing about $16,500.
Paris budget totals about 71.56 million dollars with a major share for commercial aviation. Subsidies reach 6.1152 million, including 2.352 million for Aeropostale.
S. L. Nobles 70 died at the Ruston sanitarium after a three week illness. He owned a large plantation and was well known in northeast Louisiana. Survived by several sons and daughters including Mrs. S. C. Wise of Monroe and Mrs. Fred Mitchell of this city. Funeral at Salem cemetery at 10 30 Friday morning.
Laurence Earle Colton, 78, oldest member of a prominent Natchitoches parish family, died Saturday. A native of Natchitoches, he led local plantations, served 16 years as parish constable, and later moved to Monroe after illness. He belonged to the Colton and Ezernack lineages with deep town ties and relatives from Natchitoches and Shreveport attended his funeral at St. Matthew's Catholic church.
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