28 Apr 1928
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Apr 28, 1928
Page
1
New Orleans April 28 Reuters style market report shows July to December futures rising early on frost concerns in the eastern belt, with late session selling trimming gains. Spot cotton steadies with low middling around 20.23 and overall indexes closing 2 to 8 points lower from highs.
In New York, cotton futures opened with early declines of 10 to 15 points amid weather worries in the eastern belt, then rallied. May and October futures moved in narrow ranges before closing steady with small net losses, while spot middling held at 21.75.
New Orleans April 28 Traders showed mixed cotton activity with small price changes amid crop damage reports and forecasts of frost. Weather bureau notes unseasonably low temperatures and frost across the east, with losses in Arkansas Mississippi and Alabama. outlook calls for less acreage and higher near-term prices, though a brief liquidation may trigger a reaction.
New Orleans April 28 cotton seed oil closes steady with prime summer yellow at 9.95 and May at 10.08. July and August prices shown, with later months June July and September ranging near 14 to 19 per unit as months progress.
Liverpool reports a quiet spot market with higher prices across grades. American cotton shows gains with strict good middling at 12.21 and good ordinary 10.91. sales total 8,000 bales with 1,700 American. Aloe futures steady with listed May July 11.06 and October 10.86.
Heavy buying in oil shares led by Standard Oil of New York pushed prices higher with Union, Jersey Central and Delaware and Hudson among rail issues gaining 2 to 4 points. Broad gains in utilities and mining followed as reports of trade improvement and firming gasoline slices supported a strong close and 2,000,000 shares traded.
Reports of dust storms in Nebraska and Kansas propelled wheat prices to a season high while frost was noted across the winter wheat belt including Missouri and Illinois. Corn oats and provisions firmed with mixed price moves. final wheat gains ranged from 3 to 7 cents, corn mostly steady to down, and provisions mostly unchanged to down.
Liberty bonds figures reported for April 28 show closings across series, with 1-26 at 101.5 and 1st 4 at 102.105, 3rd 4 at 1008, and 4th 4 at 43 4152. Treasury 4s at 43 4152 indicate renewed demand in late trading.
Gulf and West Indies Steamship lines, a leading group serving New York and eastern ports, withdraw from petroleum enterprises started in 1919. The three principal subsidiaries include Clyde, Mallory, New York and Cuba Line, and New York and Port Rico Steamship. Earnings are erratic and common stock trends have moved in sympathy.
Livestocks in Chicago show slow trading with hogs 106 lower on average, top hog paid 10.45 for 205 pounds. Shippers hold 2,900 cattle on hand while 1,000 more are held. Cattle include steadier steers and higher fat cattle, with low quality cows and cutters down. Sheep and lambs see weekly activity 5,000 head, with fat lambs up and shearing lambs scarce. top prices reach 19.00 for native spring lambs.
Poultry market update from Chicago on April 28 lists live birds and receipts by carload. Fowls include 26, broilers 64 Gi 40, turkeys 20 Gy 30, roosters 15, ducks 20 24, spring Guecks 80, geese 16.
Two Polish airmen Major Louis Idzirkowski and Major Casimir Kubala launched from Le Bourget at 5 55 am aiming for a coastal test flight in a biplane with hopes to reach New York via the Azores. They reportedly landed about 100 miles from their start.
Major Louis Idzi kowski and Major Casimir Kubala took off from LeBourget for an undisclosed destination and landed at Abbeville at two this afternoon due to a radiator break. They informed authorities and won’t return to LeBourget tonight. Abbeville lies about 100 miles north of Paris.
Polish ministry of war backs a year long training mission in France for a biplane AMC Amiot with a Lorraine Deitrich engine. The crew plans a daylight sea flight along the French coast from Dunkirk to Brest then Rocquefort before returning to Paris to gauge wind, navigation, and instrument accuracy.
Butter prices steady in Chicago trading with receipts of 34 846 cases. Firsts and extras mixed with slight gains. storage packed at 31 1 4 to 31 3 4. London Library Association proposes an annual book return day with reminder cards suggested.
In Baton Rouge on April 28 Shreveport won the state high school tennis titles with Crow and Carney taking the girls doubles 0-0, 6-0 over Jackson pair Norsworthy and Bailey. Crow also captured the girls singles title 6-1, 6-1 over Soucier Marksville. Sutter of Warren Easton beat Kennedy Monroe 5-7 8-6 6-3 for the boys singles title. Play continued for boys doubles later.
Major C. J. Romeril of Murray Bay fails to be first to greet Major Fitzmaurice on his arrival from Greenery Island. The scene contrasts the Irish air conqueror on the left with the Canadian mayor on the right.
Beach patrols scour the Melbourne area for the body of Harry Brooks, a World War I pilot, after his flivver plane crashed offshore two months ago. His billfold and bank book were recently found on the beach, prompting renewed search efforts. Brooks disappeared during a flight from Detroit to Miami.
International News Service reports a fingerprint identification system for pool patrons in Santa Cruz. Stockton expert K M Lollarid was brought in to implement stamping patrons with a decor attendant fingerprint for re admission. A special preparation will remove the mark on return. Counterfeiting metal tags used as door checks prompted the new system.
At Franklin Field in Philadelphia on a muddy track in rain Whitey Lloyd the naval academy all around star equalled the 110 meter high hurdles record at 16 seconds during the Penn relay carnival Olympic all around tryout The performance marked Lloyds third record in six events of the decathlon championship bid.
The South Atlantic and East Gulf states expect mostly fair weather with showers in the east gulf on Tuesday and Friday. Coastal temperatures remain moderate to warm inland. Southern Plains and West Gulf see cloudy start, then fair with possible showers near week end. Seasonal or higher temps overall. Paris soldiers offered bread options: flat rounds or ringed loaves for easier carrying.
Mrs Elizabeth East attended the funeral of her mother Mrs Margaret Ann East who died in Natchez Mississippi at age 78 after a two month illness. Survived by nine children, 33 grandchildren, and 15 great grandchildren. Funeral at Natchez Methodist church with interment in the local cemetery.
An elevator now carries visitors to the dome of the Milan cathedral enabling access to the landmark interior. The new route offers a vantage view of the cathedral and city from a high vantage point.
SAVANNAH April 28 J M Locke of Muskogee Oklahoma elected president of the American Cotton Shippers association New Orleans selected for the 929 convention at the annual gathering here today
Police say counterfeit presses found in a hotel raid near New Orleans were used to print bogus notes. Morris man and Alex M Green were arrested and face charges including being dangerous and suspicious characters as investigators probe the operation and whether any presses were left in the city.
Charleston April report from Associated Press states West Virginia Democratic national committeeman Osenton announced Governor of New York will enter the presidential race as a Democratic candidate against Senator James A. of Missouri. Smith backers push in West Virginia.
A Thames Valley survey from Oxford to Staines will identify beauty spots to preserve along the river. Experts including Professor Patrick Abercrombie and Professor S. D. Shed will help map threatened areas and outline preservation ground for the project.
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