20 Apr 1928
Page 1
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This newspaper page contains 23 articles. Subscribers can read the full text of each article.
Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Apr 20, 1928
Page
1
Washington announces continued quarantine against the pink bollworm in west Texas, lifting prices briefly before early selling returns market near the previous close. Exports reach 16,194 bales for the day and 148,744 for the week as prices end slightly down.
Washington reports that Latin American trade has expanded post World War I reducing fears of a Europe U S clash over markets. Dr Julius Klein notes Venezuela and Colombia show rapid growth boosting US exports from 10 million to over 83 million, with German and British sales also rising.
New York April 20 Associated Press reports early declines of 5 to 6 points in cotton markets followed by late day rallies on covering by sellers and concerns over a late crop start. Futures closed steady to lower with middling around 20.45 and notable price moves across months amid liquidity.
Cotton prices were irregular with a small loss as early buying followed rain forecasts and a weather outlook. A government pink bollworm report spurred buying in West Texas, but the full bulletin showed only previously infested counties under quarantine, totaling 22 in Texas. Weather conditions and rain in the panhandle influenced late selling and overall sentiment.
New Orleans on April 20 notes cotton seed oil closed steady with values for Prime summer yellow at 9.70 and prime crude S.74a at 8.87. Forthcoming months range from May 9.82 to December 10.28 with several months quoted above 10. The report lists multiple futures prices across May through December.
Poultry market update from Chicago dated April 20 shows alive fowls at 27 1 2 cents per pound and broilers 32 to 48 cents. Receipts list 20 730 turkeys and other categories including roosters and geese, with some weaker availability noted.
The New York stock market opened with sharp declines on higher rediscount rates and large broker loans, but soon rallied with more than 20 issues rising 2 to 6 points above yesterday’s close. Trading volume was heavy with large blocks, and radio rose after an early drop to set a new intraday high. Delaware & Hudson touched a 1928 high, while American Railway Express and several other names gained 3 to 6 points.
Chicago grain traders faced a sharp early setback as Liverpool quotations slipped and rain hit Kansas. Wheat opened lower and closed unsettled, with corn oats and rye down in part while provisions rose. detailed price ranges show mixed moves across May July and September contracts.
Hogs 20 000 head. market uneven with gains 10 to 25 cents on better grades and lighter types. Top 10.40 paid for select 150 to 220 pound hogs. Cattle 22 000 head calves 1 000. weekend trade steady with steers 1000 to 1500 pounds at 14.60 per cwt, 1190 to 1300 pounds at 14.53, 850 to 1100 pounds at 14.73. Sheep 5 000 head fat lambs active, lighter 25 cents. lambs good to choice 16.90 to 18.15.
Mer Rouge Louisiana April 20 funeral services conducted at Bastrop Catholic cemetery for Joe Poye who died in Monroe after appendicitis surgery. He is survived by his wife. Clarks Louisiana April 20 Mrs Sarah Stamper known as Aunt Sarah dies at home. Funeral at Welcome Home cemetery with Rev Paul Jones and Pythian Sisters officiating. She leaves two brothers five sisters and one daughter Mrs
The census bureau reported March 1927 total active spindle hours at 8,312,305,109, averaging 231 hours per spindle in place. Spindles in place ended March at 36,012,262 with 31,412,820 operated. March yield reached 96.8 percent capacity with 34,865,389 spindles active.
Liverpool April 20 weekly cotton statistics show 71 000 bales total forwarded to mills. American goods account for 43 000 bales with a stock of 763 000 including 541 000 American. Imports reach 46 000 with 32 000 American. Exports total 2 000 with 1 000 American.
Federal prisoners brought here by United States court and persons lodged in jail recently on grand jury indictments add to the list. The parish jail holds about the largest number ever, with over 80 inmates currently, about 14 of whom are held for federal authorities.
A private Biltmore dinner in New York honored W. C. Durant on sailing for Europe. The guest list included top market operators now millionaires from record activity and key stocks like General Motors and International Nickel. The event signaled closer cooperation among rivals despite past frictions.
Wall Street eyes a five million share day on the New York Stock Exchange after a four week speculative surge. Reports show four million share days occurred in March with volumes near four to four and a half million. The frenzy boosts brokerages, banks, and related businesses as memberships rise in value and trading extends across cities and nations.
Mrs John Bell cited in police court yesterday is not the wife of the Illinois Central railroad official, a clarification issued today to avoid confusion with another Mrs Bell.
Elmer Scott of Dallas reports at LSU that college graduates show less curiosity than peers in Dallas adult education programs. He links declining honest inquiry to parents and teachers who avoid difficult questions. Former Governor Frank Lowden was expected to speak but cannot attend.
Call money remained steady with high 4 3-4 and low 4 1-2 after early bids. Ruling rates were 4 8-4, closing bid 4 1-2, time loans firm with mixed collateral for 60-90 days at 4 7-8 to 5 and 4-6 months at 4 7-8 to 5, prime mercantile paper at 4 1-4.
R. L. Courtney was arrested this morning in Monroe by the sheriff's department and lodged in jail. He is wanted by Shreveport authorities.
Guests listed include Frederick and Lawrence Fisher of Detroit, Arthur W. Cutten of Chicago and his nephew Hiloff Cutten, S. Y. Can Holmes, George Breen and Jos Higgins of New York, and Matthew Brush. The account notes profits from one side of the bullish discussion.
Sheriff Coverdale announces a written commutation signed by the governor for Scruggs. The prisoner will be transferred to the penitentiary at Baton Rouge within the next few days.
Students at Olla high mourn the death of 16 year old Franklin E Lucky after a pitch strike to the head during a practice. He died at Monroe hospital from a fractured skull and his body will be buried in Olla. Survived by his parents Mr and Mrs E Lucky.
Local tabloid sketches the life of a child soprano Ra ha Zander with imagined encounters and a note on Uncle BIM as a rumored figure. The article blends sensational phrasing and speculative scenarios in a vintage regional voice.
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