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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 07, 1929
Page
12
The New Orleans cotton market shows mild gains then declines as weather reports ease buying sentiment. Exports for the day total 2,579 bases with futures closing steady to slightly down, listing January through December contracts with mid session fluctuations and opening prices for 196a era.
In New York on August 7 the cotton market moved narrowly with a small early uptick followed by declines after a favorable weekly weather report. The mood remained steady with futures mostly unchanged and spot markets around mid dling 18.35, as traders noted prices near prior close and opened 1924 to 1925 facing varied futures quotes.
New Orleans wires report trading as an evening up process ahead of tomorrow's government crop estimate. Private tea estimates are not trusted, but heat waves and weevil reports threaten yields. If the government uses last year's part, forecast may rise or fall. bulls and bears hinge on a 15.3 million to 15.59 million range.
Associated Press reports Liverpool spot cotton market quiet with prices steady across grades. American good middling around 10.95 to 11.55, sales 2,000 bales. Receipts total 21,000 with 2,009 American. Futures closed very steady with October to July quotes from 10.07 to 10.16.
In New Orleans and New York trading August 7 prices for cottonseed oil held steady. Prime summer yellow and prime crude notes show minor shifts with near mid nine dollar close ranges and total sales reported at 4,200 units.
New York stocks show mixed moves led by U S Steel rising over five points to a fresh high. Bonds and curb markets are uneven with Atchison convertible up about six points while utilities face pressure. foreign exchange sees yen at 1929 highs and other currencies at new lows. commodities show varied trends including cotton awaiting government data and coffee retreating.
The New York stock market rallied led by steels as call money fell from 10 to near 8 percent. U S Steel rose to a new high, Crucible hit a peak, and other independents gained. Rails recovered, with Chesapeake & Ohio and Atchison up, while copper and motor equities advanced amid firmer sentiment.
Chicago wheat shows sharp initial gains as overnight export interest appears. Corn and oats move higher with mixed results in provisions as prices swing across the board.
New York and world markets show irregular foreign exchange rates with Britain at 4.84 9-16 and France 2.91 1-16 as Tokyo and Shanghai quote notable figures. Call money eases to high 10 and 8. close. treasury and loan rates move amid a broad list of corporate quotes and financial instruments from Associated Press reports.
Hogs receipts 7 000 steady to strong with stocks on butchers higher. Pigs 90 130 lbs 10 50 11 90. Cattle receipts 13 000 calves 2 000 steady to fairly active on range fed steers. Steers good and choice 1390 1500 lbs 14 00 17 00 950 1100 lbs 13 50 16 90. Fed yearlings good and choice 7 50 9 50 lbs 13 25 16 25. Wealers good and choice 13 75 14 26. Sheep receipts 17 000 slow steady to 10c lower natives 13 25 13 65 top 13 78 Rangers 13 50 13 63 top 12 90 fat owes steady 5 00 6 50 slaughter lambs good and choice 92 she down 13 00 13 90.
In Chicago on August 7 the poultry market showed steady conditions with 5 carloads received and prices unchanged.
Chicago August 7 USDA reports potato receipts totaling 62 cars on track 232 with trading fair and a market that remains strictly strong. Kansas and Missouri sacked Irish cobblers from 240 to 275 per hundredweight.
Paris producer Andre Lyerr organized a tour of the French provinces with the play The Americans in Our Midst. The work by M. Brieux portrays an American nurse and a French actor in wartime romance, ending with four marrying and staying in France. Proceeds fund a war charity after expenses.
The article honors General Jadwin for his leadership as director of the division of construction for the American Expeditionary Forces in France and for his flood control work on the Mississippi. It outlines his 1927 flood response, West Point graduation in 1880, and other major projects including Ellis Island expansion and Galveston jetties reconstruction.
Wai identified Chin Jin of the On Leong Tong as the shooter who wounded Kay Leong Wong and killed Yee Sun. Hip Sing Tong member Chin Bing was captured near Willie Lee’s home with a pistol, others detained after a raid on a flat building. Joe Tuck, linked to Yee Sun’s slaying, was ordered held without bond. Police guarded the Lee residence amid Tong trouble as two others were questioned over loaded firearms.
The board of temperance and public morals says it will provide the Department of Justice full access to its ledgers and records to prove innocence in response to charges by Representative Tinkham. Tinkham urged a Justice probe into Bishop James Cannon Jr of the Methodist Episcopal Church South for undisclosed funds loaned to anti Smith Democrats in Virginia.
Bishop James Cannon Jr says he has no comment on Virginia Democrats nominating John Garland Pollard for governor. He did not participate in the primary and backs the anti Smith coalition endorsed by Republicans.
Raw sugar held steady early, with local refiners buying about 250000 bags for August and September at 689 duty paid. Futures opened flat to down, then fell 2 to 3 points on liquidation and new crop selling, later steadying as shorts covered and trade buying tempered losses. Prices at midday eased 1 to 2 points, refined withdrawals rose seasonally, and via second hands new business sold below 5.56 basis. close showed lighter demand with about 40400 bags traded for September through July.
Chicago market notes show butter receipts 6 202 tubs and figs 7 609 cases with prices unchanged. The Aug report indicates steady trading for butter and figs with no price shifts recorded.
NUMA Montet continued from page one with voting that drew nearly 20 000 voters, signaling strong community engagement and ongoing election activity throughout the day.
A report notes a student obliged to balance studies with work, taking on employment part of the time due to academic demands.
Reports outline a three hour peace conference in New York between rival Chinese tongs after killings across Chicago Boston Newark and Harlem. Attorney statements claim the conflict stems from territory poaching and warn of raids or deportations if peace fails.
The Monroe parish jury discusses road and public works items including a 50 foot right of way donated by a pipeline company for property near Glendora and Bellehonne Plantations. The board plans bids for trucks, light cars, roofing, painting, and iron work plus a thirty tractor from Easton Tractor for 2741 dollars and a new prison fence project.
In early 1922 the Louisiana State Agricultural College and Extension officials reached a definite agreement to advance a cooperative effort in Louisiana. The plan relied on coordinated action among local groups to boost agricultural programs and services across the state.
Graf Zeppelin pilots expect to reach Friedrichshafen early Sunday after a grounding of four to five days. The airship then heads to Tokyo with similar layovers, followed by Los Angeles, crossing the United States in two to three days and returning by September 3, weather updates to be sent via radio as available.
Weather bureau reports conditions generally favorable for the Graf Zeppelin's round the world flight start tonight. Lakehurst area may be overcast with north and northwest winds.
An official lent box allegedly contained forged diplomas from many medical schools. Harron, already indicted, told Roche about a leak. Barron claimed six weeks into the probe that Kohn showed him a copy of Barron’s statement and other secret papers planned for indictments. Kohn denied knowledge, later admitting dealings with Nelson to influence Barron. He said he sought the return of funds after Barron refused, citing a defense fund is needed to shield both forgivers and buyers. Nelson, a former school friend, was approached about the investigation and allegedly borrowed the documents to scare Barron.
Assistant Day Captain Arthur Graham organized guards for pursuit as Hudspeth Graham and Lansing merchants confronted the convict party on the Leavenworth Victory Junction highway. Webb was killed, Collins wounded, and Collins killed himself. Kright suffered a fractured skull, Heslop wounded, others surrendered hiding near the stockyards. Warden Amrine returned to take charge as tension rose in the cell blocks.
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