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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 03, 1927
Page
8
Market closes with January at 19.64 and March 19.82 down 1 to 8 points from prior close. Spot cotton steady with low middling around 19.56, good middling 20.16. Receipts 3 889. stock 478 570. futures opened near 19.53 to 19.90 across contracts.
Strong bullish activity ushers in a feverish session with rail stocks advancing over points amid heavy dividend and Christmas bonus expectations. Delaware and Hudson jump over 6 points as key rails and industrials rally, with total volume around 1.5 million shares.
New York cotton traders reported a quiet day after an early 7 to 10 point rise on covering and trade buying, then declines on realizing and southern selling. January closed at 19.50 with futures mixed and spot middling at 19.95, as opening prices listed for January March May July and December.
In New Orleans on December 3, cotton seed oil closed steady with prime summer yellow at 9.75 and crude at 8.75 to 9.00, with forward months ranging from January 10.03 to July 10.75 and December 9.05. New York reports a softer close with prices from January 10.48 to December 10.90, prime summer yellow 10.25, crude 8.75/9.00, and total sales around 11,200.
Liverpool reports quiet cotton market with steady prices across grades. Sales reach 4 000 bales, including 2 500 American. receipts total 1 000 bales, American 300. Futures close steady with December 10.52 and January March May 10.53, July 10.48.
New Orleans reports the market opening down on Liverpool weakness then recovering but closing unchanged to a shade lower. Prices rose on short covering amid scarce contracts and lack of hedging in the U S market. Unfavorable weather and forecasts of cool waves influence sentiment as government crop guesses weigh on short selling expectations.
Butter higher with 8 040 tubs in receipts and creamery extras at 60. Standards 46, extra firsts 46 47, firsts 40 1 2 42 1 2, seconds 87 39. Eggs unchanged with receipts of 8 064 cases.
Chicago grain futures moved higher after early buying by general commission houses in wheat corn and oats. Wheat opened down slightly but gained later and closed unsettled. Corn rose through the day and oats firmed with mixed results in provisions.
Bennett Doty describes desert fighting with the Druses and a Damascus imprisonment. He recalls desertion under threat of execution, years in a French prison, pardon after an American Legion visit, and return to Algeria to finish his foreign legion term. He aims to see the Statue of Liberty again and settle in the south.
Liberty bonds closed with the 3 1 2s at 102.8, the 41 43s at 103.14, the third 100.27, and the fourth 104.1. Treasury 45s settled at 110.22 in New York trading.
Edward Slayton Oliver 46, a recent Bastrop resident, died suddenly after one day of illness. The body was shipped to Campti for burial. He is survived by his widow and two children in Bastrop and by several sons in Campti and Shreveport.
Chicago December 3 receipts show 8 cars of poultry with varied prices across categories. Fowls bring 16 21 1 2, Springs 18 23 1 2, turkeys 25 30, roosters 17, ducks 22, geese 20 as alive weaker.
Dr. W. V Garnier head of Bastrop hospital arrived with his bride Miss Claire Bromwell of New Orleans. The wedding took place in New Orleans on Wednesday November 23.
Mrs. Mabel Anna Schiffman of Pasadena California says love matters more than wealth. Despite being awarded a $6 million estate after husband Rudolph J Schiffman, a patent medicine magnate, abandoned her for Berlin, she relinquished the money to seek a reconciliation.
Stonewall Lodge No. 8 Knights of Pythias elected 1928 officers including Chancellor Commander A W Trotter and Vice Chancellor J Steele Williams. Prelate W T Rosbury Master at Arms W D White Inner Guard George McClellan Outer Guard F B True Keeper of Records and Seal C V Sanders Master of Exchequer C W Moffett Master of Work H M Williams. Grand lodge delegates named R W Germany C V Sanders S M McReynolds with W J Mills and J J Burroughs as alternates.
Weather outlook notes chances of local rain early in the week as a cold front moves eastward. A cooler air mass spreads across the district Monday through Wednesday with generally fair conditions and rising temperatures later in the week.
Attorneys for Mr Gill and others connected with the Louisiana Training Institute urge prosecution in a court of competent jurisdiction to compel witnesses and punish perjury. They invite you and your probation officer along with maimed juveniles’ regiment to be present.
A public dispute surrounds a lawsuit against Gill and the Louisiana Training Institute. Attorney Zach T Heard accuses delays and vows witnesses will testify in person, while Judge Crane forwards affidavits of alleged cruelties to Governor Simpson for action. The case centers on accountability for the institute’s management and treatment of boys.
George M. Sims aged 52 of Mer Rouge La died yesterday afternoon after several days illness. He was a longtime resident engaged in livestock raising and farming. Funeral services were held at his residence and burial followed at Red Hill cemetery. He is survived by his wife May Yeldell Sims two sons Vernon and Hubert at LSU Baton Rouge and Alton at Centenary College Shreveport, six sisters Mrs J A Yeldell Mrs W A Cheshire Mrs J W Montgomery Mrs Janette Reagan Mrs Jim Guinn and Mrs E L Johnson.
Mrs A C Russell age 44 of 206 Hall Street died after a brief illness yesterday at her home in this city. The body was taken overland to Huttig Arkansas where the funeral and burial will be held this afternoon.
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