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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 01, 1923
Page
3
Cotton futures closed firmer with gains around 55 to 65 points as December to July contracts posted modest increases. Spot cotton rose about 25 points while sales reached 189 bales and arrivals stood at 500. Receipts counted 6,937 with stock at 211,498 while early trading showed some pressure before stabilizing.
New York opened barely steady in cotton futures with December at 36.66 and January at 14.95, while reports of good buying in Liverpool helped early support. Wheat showed notable gains with December contracts rising as traders weighed liquidation and renewed demand, plus mixed cash prices across Kansas City and local markets.
Raw sugar eased 1 4 to 558 cents for Cobes cost and freight 741 for centrifugal. Raw futures closed one point higher to 9 net. December 559 March 459 May 468 July 477. Refined quiet steady 920 to 625. Refined futures movement minimal.
Liverpool markets show spot cotton prices for Good Middling to Ordinary ranges with good receipts not recorded. Futures quotes list claimed settlements for December to October with values around 21.20 to 17.00 and a large 40,000 bale sale quantity noted.
Potatoes remained steady in Chicago on December 1 as 42 cars were received. U S shipments stood at 569 with Wisconsin round whites rated U S S number one and Minnesota North Dakota sacker Red River Ohips listed U S number one and partly graded at 90.
Chicago December 1 poultry market prices show alive, linter and fowls quoted at 13 to 20 cents. Springs 18 1 2 cents, roosters 18 1 2 cents, greens 19 cents, and turkeys at 22 cents. Brightly dated market note.
Debtors in the Eleventh Federal Reserve District reduced borrowings and deposits grew in the month ending November 15. Retail and wholesale trade were strong, with record debit activity and large long standing payments. Banks invested surplus funds and livestock outlook improved while oil production pushed surplus stock and crude prices down.
Stock market notes show cattle at various weights with fed fat and feeder prices, including beef steers around 840, veal calves 860, and fat lambs near 1259 to 1500. In City market, cattle totals 500 head with bulk feds 7.60 and beef cows 5.00 to 6.25, shop price ranges and weekly tops listed for several classes.
Money York reports foreign exchange quotations in cents for various nations and currencies. Key rates include Britain at 4341-8, France Italy 438, Belgium 466, Germany 0000016, Holland 3790, Sweden 2623, Denmark 1800, Ireland 1746, Spain 1307, Greece 3125, Brazil 890.
Knox, business manager of the Mississippi Woman's College in Tussburg, Miss, has been critically ill with double pneumonia for ten days, a condition not improving this morning. He is a well known figure in Mississippi, having served as a state examiner in the past.
Louis Kloor Jr a naval air forces lieutenant won the winter of 1920 with Lieu tenants Farrell and Hinton were lost in Canadian wilds after their balloon blew off course He married Miss Louise Mikle of Crowley yesterday The service floor who is a sugar glist has divided high time between and Louisiana
Hattiesburg Chamber of Commerce representatives will voice opposition to the proposed transfer of the Beau Di line from Gulf, Mobile and North Railroad to Bonhomme and Kern Railroad, tied to Tatum Interests, at a December 6 Interstate Commerce Commission hearing following an open meeting last night.
In New York the stock market saw ongoing speculative dominance despite profit taking and short selling. Cotton remained the central focus with December through May quotes rising above 34 cents. Rail shares, oil stocks, steel, and sugar followed varied earnings and forecasts from major firms and producers.
The weekly condition of clearing house banks and trust companies shows an excess reserve of 18,005,830 dollars, up 2,697,300 dollars from the previous week. The report covers five days ending December 1.
A daily Bible message was added to many broadcasting stations today, announced by the Radio Bible Service Bureau in Cincinnati. The bureau said the program aims to give the world a daily message from the word of God.
Three crew members were brought back from Hamburg aboard the Minnekhada after a plot to rifle mail sacks aboard the American liner Mongolia was revealed. The theft was detected when opened sacks were found flowing on the Elbe.
Weather forecast for the week beginning Monday shows East States with considerable cloudiness and occasional rains and temperatures above normal early, turning colder later. West Gulf reports frequent rains with above normal temperatures Monday followed by a prolonged cool spell.
Senator James A. Reed of Missouri condemned world courts and federal intrusion into state sovereignty during a Illinois Bar Association meeting in Chicago. He warned the country faces centralization as tribunals of foreign powers would decide US affairs.
New classified advertisements list multiple rent rooms and houses with details such as private entrances, baths, and nearby streets. Several sales appear including a Ford touring car and pecan trees with prices. Also noted are employment leads and an agent offering hosiery orders for Christmas.
In MOBILE Alabama quarantine officials refuse to let the Panama canal wrecking tug Favorite depart without a bill of health. The tug resists, arguing its wrecking designation exempts it from health certification. The captain recalls rushing to the San Gil rescue with little time for formalities.
State Bank Examiner Wood reports that about $14 600 stolen from Calcasieu Building and Loan Association was executed by secretary J H Barremore issuing full paid stock certificates without proper book entries.
Local retailer Smith Bros Ltd promotes Christmas wear for the whole family with a broad range of clothing and gifts. The notice highlights prices and stock aimed at shoppers preparing for the holiday season.
Senior Census Committee member Diana explains a plan that would add eight states seats and cut eleven. California would gain three, Michigan and Ohio two each, while Missouri Indiana Iowa Kansas Kentucky Louisiana Maine Mississippi Nebraska Rhode Island and Vermont would lose seats. The proposal, passed by the House two years ago, stalled in the Senate.
Washington December 1 progressive bloc claims a voting strength of 21 to block Speaker Gillett's re election. Wisconsin's Nelson says 21 reps would oppose unless bloc demands are met. The bloc will not vote solidly for a candidate but will scatter its support. Cooper is set to receive most of the votes. prior to the Republican conference 30 Pennsylvania reps met to back Gillett with Longworth as floor leader.
Two Monroe gas field completions boost output. Southern Garden Co Fee No 24 in section 27 town 19N range 9E yields about 2 035 500 cubic feet daily. Texas Co O Neal No 3 in section 33 town 19N range 5E estimated at 6 840 000 cubic feet daily. No completions in Morehouse, but new locations planned in Ouachita parish.
Lieber & Company of this city shipped the largest consignment of hides and skins ever from Monroe. The 350000 pound cargo of cow and other hides will go to a large leather factory in Indiana, a shipment record for the city.
Police court fined Morrison $200 in city court for carrying concealed weapons by Judge Charles Schulze. An extra $12.50 penalty for drunk and disorderly conduct. Morrison was reportedly intoxicated when arrested by Traffic Officer Montville and found to carry a .45 calibre Smith-Wesson pistol. Fines split $100 to the state and $100 to the city.
Relatives of J. W. Rice, held in the Monroe city jail for safety, are asked to contact police. Rice is described as demented, examined and pronounced mentally afflicted, with no local friends, though relatives are believed nearby.
Huey P Long resumes his gubernatorial campaign swing starting Monday in Pollock and Colfax and continues through the north and northeastern parishes next week. The schedule lists Mon Pollock 2 30 Colfax courthouse 7 30 Tue Montgomery 10 30 Winnfield courthouse 7 30 Wed Jonesboro courthouse 11 Ruston high school 7 30 Thu Dubach 9 30 Bernice 11 15 Farmerville 2 30 Marion 7 30 Fri Bastrop courthouse 7 Sat Rayville 11 Mangham 1 30 Baskin 3 Winnsboro courthouse 7
Several defendants convicted of violating the federal motor vehicle theft act in Monroe last Thursday remain in jail as they have not posted bond. Others have posted bond and returned home to El Dorado while awaiting federal court action on defense motions.
New Orleans, Dec 1. Alex Chustz of Independence Louisiana despondent after his wife and two children left him tried to end his life by drinking poison at the intersection of Poydras and Carondelet streets early today.
Smith Bros. Ltd offers a range of window purchases across town promising better value per cent with emphasis on strong pricing and local availability.
Home demonstration agents from seven parishes will convene at Monroe city hall for a two day session starting December 7. The meeting, led by Ouachita parish agent Mrs Jewell McQuiller and state agent Miss Norma Overby, will discuss new home economics projects to benefit farm women.
Commentators praise a spirit of conciliation after an ambassadors meeting on Friday. Premier Poincare reportedly met halfway with Prime Minister Baldwin as discussions pointed toward European aid and unity.
Washington on December 1 reports that officials await the official invitation to join a reparations settlement and show little optimism. Presidents Coolidge and advisers favor a full and unrestricted inquiry into all the facts rather than piecemeal investigations into separate aspects.
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