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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 01, 1928
Page
3
In New Orleans on December 1 the cotton market declined in a short session as stronger Liverpool cables failed to support prices. Pre bureau liquidation and weak spot demand fed the softness though traders noted a simpler spot basis.
The market showed subdued speculation in a brief session with irregular price movement. Canadian Marconi in New York curb stock reversed earlier sharp gains while independent motor stocks weakened on fears of reduced profits from new car models. International Nickel surged amid earlier activity.
Over the weekend the market rallied 7 to 9 points, closing steady with a net decline of 2 to 3. Spot cotton remained quiet and unchanged. Sales reached 1.239, with receipts at 3.167 and stock at 322,594. Cotton futures closed steady despite a 2 to 5 point net decline.
The New York cotton market faced early losses followed by partial recoveries before ending near day lows. January dropped to 20.25 and closed 20.31 with some futures steady to slightly lower. Spot middling quoted around 20.60 amid mixed weekly reviews and steady cables.
New Orleans reports renewed but smaller cotton liquidation with steadier closing prices. Liverpool and American buyers supported values as optimism grew over easing government crop estimates and strong export demand. A USDA note on heavy recent weevil damage and untenderable ginned cotton added to market expectations of a rebound once technicals improve.
Poultry alive and steady in Chicago trading. Receipts listed as four cars with fowls at 241 to 242, springs 241 to 242, rongt ers 20, turkeys 25 to 56, ducks 17 to 21, geese 21.
Liverpool reports dull cotton spot with American grades showing lower levels. Prices for various grades range from strict good middling to good ordinary, with sales totaling 8,000 bales including 2,000 American and receipts at 2,000. Futures closed steady with December to October positions listed.
Infant son of Mr and Mrs Joe Raysel of 117 Claiborne street West Monroe died yesterday. Funeral held this morning at 11 o clock with interment in Monroe Catholic Cemetery.
Chicago grain prices moved higher with December wheat steady to higher as deliveries remained scarce. Corn and oats also firmed after opening with small declines then gains, while provisions trended downward.
In New Orleans on December 1, cottonseed oil closed dull with steady to higher bids. Prices ranged from 8.25 to 9.65 for various months with prime summer yellow at 9.05 and futures in the 9.11 to 9.65 band across January through December contracts.
Livestocks in Chicago on December 1 show hogs at 7,000 head with strongest trade. Hogs priced 8.70 to 9.00 for various weight ranges. Cattle tally 509 with some steers and yearlings about 1.50 to 2.00 higher than last week, many sales between grades. Feeders steady to up, early advances noted among buyers and sellers.
A residence at 202 Georgia Street was gutted and damaged by fire discovered at 7 45 p m with about 31250 in damages to the house and 31000 to furniture. The home is owned by W W McMullen and occupied by families of McMullen and Charles Miller. Firemen used 850 feet of hose to extinguish the blaze.
Jefferson county grand jury reopens Monday to investigate the slaying of Montress Freeman Birmingham Southern College student by O H Westbrook Howard College junior Westbrook earlier faced a preliminary hearing with charges reduced from first to second degree manslaughter He testified he fired the shot under a rivalry between the schools and was released on a $1000 bond The November 22 shooting ended weeks of local school rivalry in Birmingham Alabama.
Dr. W. E. Lawson, x ray specialist at the Clinic, suffered a sharp electric shock while adjusting equipment yesterday at 3 pm. His fingers bore minor burns, but the overall distress was the main issue. He remained in bed as a precaution and is reported not seriously ill.
Willie Sanders a Black worker in West Monroe was arrested by Chief J M Hammond after a mattress set ablaze in a jealous act. Fire inspector MecStravick says Sanders initially set the mattress afire then poured water on it. The blaze caused a fire department run but no other damage. A woman named Gertie lived in the house.
President elect Hoover and his delegation transfer from the U S S Maryland to the cruiser Cleveland this morning. The ship sails eight hours to Guayaquil Ecuador, marking Hoover's first stop on his goodwill tour in South America.
In Alexandria Louisiana S M Brame says rallies and tournaments must stay within State High School Athletic Association members. District boys basketball tourney is set for February 23 and the State tournament for April 26 and 27 in Baton Rouge. District rallies are April 12 and 13 and the state rally occurs April 26 and 27 in Baton Rouge.
Belgrade reports violence during the tenth anniversary celebration of the Serbs Croats and Slovenes union. One person was killed and a policeman seriously injured amid the scenes in Zagreb.
The Christmas seal sale advances under Mrs J C Sadler chairing. Headquarters are in the old Ensel building at DeSiard and Grand with an attractive display featuring ships and Viking motifs. Posters urge early purchases to avoid a last minute rush through Christmas Day.
Georgia banks in Macon resumed normal operations after four institutions withstood runs by depositors. Federal Reserve funds arrived late yesterday boosting cash supplies as Macon National reopened and armored trucks moved money to reassure customers. The scene drew cheers as fears subsided and most doors opened without further withdrawals.
Three bombs thrown into the Greek club opposite Melbourne Hospital injure fifteen foreigners, four of whom are hospitalized. The three men responsible fled the scene, and authorities suspect a link to a recent widespread dock strike.
Panama December 1 Congress passed a law requiring all males planning marriage in Panama to undergo a medical examination prior to nuptials.
Weather districts show cloud cover and mild temperatures in the South Atlantic and East Gulf states on Monday with rain and a drop in temperature Monday night. The Southeast sees a cooler Tuesday, while the rest of the week remains mostly fair with gradual warming. The Southern Plains and West Gulf report unsettled skies with rains early and late in the week and a cold spell near Tuesday and week’s end.
Bell's Auto Fender Fixing Factory at 410 Walnut Street advertises go-getter Ford radiators at 9.50 each or will trade an old radiator plus 8.50. The slogan Tanks Tanks Tanks appears in the notice.
Norwegian tanker Madrone rescued Charles M. Sellick Clarence Suder and William Simpson all from West Palm Beach after their test flight crashed thirty miles off Jupiter Light Florida. They drifted twelve hours in a calm sea before signals were seen. The downed plane was dismantled and towed aboard the ship for shipment back to Florida. The aviators will return by rail.
Sheriff’s deputies arrested J W Newsom at the Maassen dance hall near Phillips bridge after a search found a revolver. A charge of carrying a concealed weapon was lodged.
Butter steady with receipts of 12 724 barrels and eggs rise on 3 565 cases. Extra firsts 48 49, firsts 4047, ordinary firsts 8038, refrigerator extra 31, refrigerator firsts 30.
In a tense game Stanford leads Army 6 to 0 as Hoffman and Wilton spark plays while Cagle and Fleishbacker threaten. Army stalls near its nine yard line as Stanford's defense holds through the third quarter.
In the second period Timberlake exploited a fake pass to plunge in for a crucial turnover, shifting momentum for his team as the defense stifled the opponent.
Stanford builds a 13 point first half lead as Cagle and Timberlake drive the Army defense, while Hoff man adds a late score. Key plays include Cagle passes to Carlson and Timberlake runs, with defensive stands and fumbles shaping the period. Stanford leads at halftime.
Murrel returned the kickoff 40 yards to Stanford territory. Lewis intercepted Cagle on his 83 yard line and Army recovered. Simkins, Hammack injured, Maxwell and Wimner involved as Stanford tightened defense and Army drove toward Stanford’s 20 yard line.
Hoffman and Sims fueled Stanford drives in the fourth period scoring sequence. Sims broke free for a touchdown, Hoffman's kick went wide, and Stanford extended its lead to 26 0 after Fentrup returned a kickoff for 64 yards and Hoffman added the extra point. Army failed to score as Stanford held firm.
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