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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 30, 1936
Page
9
In New Orleans on June 30, demand aided by improved cables left futures with modest gains early, then prices fell 6 to 13 points as selling intensified. July around 12.41, October 11.62, March 11.65 with exports totaling 20,944 bales. Spot cotton closed near 6 points down amid receipts of 3,635 and stock 222,200 bales.
New York cotton trading showed modest gains earlier as July and October futures rose about 12 points, while the rest of the list gained 6 to 9 points. In late trading liquidation and broad selling left futures barely steady to 6 to 10 points lower at close.
Liverpool reports $2,000 bales with 21,900 American as prices rise six points. Quoted American strict good middling 7.89 pence and other grades. futures steady to firmer. New York notes steady cottonseed oil futures with July at 9.25 and sales of 74 contracts.
In New York on June 30 call money held at 1 percent, prime commercial paper 3 to 4 percent, time loans steady at 1 1/4 to 6 months 11 1/4 percent, bankers acceptances unchanged, rediscount rate at 11 1/2 percent by the New York Reserve Bank. The article also notes a 75 percent decline in bird life in the United States over the past 60 years.
New York markets report irregular stock activity with gains in specialized issues and utilities while bonds mixed and rails improve. In commodities, cotton softens on liquidation and selling, sugar and coffee soften, and grains decline with wheat leading. hogs rise to a new top of 10.95 as cattle remain mostly steady.
Chicago June 30. Grain prices open lower across wheat and corn with slight declines later, soy complex steady. Hogs at 10.50 to 10.95 top, cattle and calves hold steady amid active trade, stockers and feeders more brisk, sheep and lambs uneven with some declines.
Chicago report of U S Department of Agriculture shows total U S shipments of 847 for potatoes with steady demand and moderate supplies. Prices vary by region with Oklahoma Arkansas North Dakota Virginia Missouri Kansas California reporting U S No 1 and partly graded cobblers, many showing decay or heated condition and prices ranging from about 2.10 to 3.50 per cwt depending on grade and size.
New York stocks advanced as specialists led gains while many leaders lagged. Chrysler rose briefly before trimming gains, while several utility preferreds gained 2 to 3 points on renewed confidence in back payments and resumptions. Major names such as American Telephone, Du Pont, Westinghouse and Bethlehem edged higher, with others slipping or holding steady amid mixed bond and commodity activity.
Suger futures in New York on June 30 showed little overall change despite some liquidation in July. July slipped from 2.82 to 2.81 while September traded at 2.81, near unchanged. No. 3 futures closed barely steady. total sales 4,950 tons.
The New York market reports easy foreign exchange with Great Britain at 5.0218 for demand and cables, 60 day bills at 5.0118, France 6.6318, Italy 1.87 for demand and 7.87 for cables. A wide list covers Belgium to Hungary, plus Tokyo Shanghai Hongkong values and cross rates for Montreal and New York.
Chicago June 30 Butter 12 511 steady prices unchanged Eggs 17 662 steady prices unchanged report shows butter and eggs trading with no price movement and volumes listed for the day.
Chicago June poultry market details list live inventory by car and trucks with prices for hens Leghorn Plymouth Rock White Rock colored and fryers roosters turkeys ducks and geese noting ranges such as Leghorn hens 15 1/2 to 16 1/2 and heavy ducks 12 1/2 to 16 1/2 with small white and colored ducks and young geese listed.
A wat erborne bottle dated June 8 and signed Alden Lee and Remain Sturgenigger was found by E C Clay and his son and led forest rangers to search the east shore of Yellowstone Lake for two men who reported they were stranded and starving. Park officials questioned the note's authenticity yet Chief Ranger Francis Lanoue sent two rangers and asked Parks Airways pilots to assist.
Wind driven flames tore through two plants in Rochester causing about 50 thousand dollars in damage. Eight fire companies battled the blaze for seven hours before dawn. The origin was not determined and several nearby buildings were threatened.
President Roosevelt expressed great happiness at Governor Herbert H. Lehman announcing his decision to seek another term as New York governor. The president said the decision pleases millions and will positively influence the nationwide social legislation program.
Funeral services for 93 year old Ellen Clark were held at Clark Springs cemetery with Rev. E L Tanner officiating. Surviving children include Joe Sam Jack Clark Anna Skipper and Sallie Sturdevant. Also noted are Joe Tamburo Jr infant son of Mr and Mrs Tamburo and the parents and grandparents of Milton Sykes inquiry about Roy Cockrham and Mildred Sykes. A separate note mentions Hitler's decree and the execution of Hans Giese for kidnapping a Bonn merchant’s son.
Classified ad rates and section headings appear, along with two legal notices from Monroe City Court. Seized property in Henrietta W. Johnson case, sale set for July 8 1936, plus probate notice for the Succession of S. Lockwood Webb seeking final account approval.
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