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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 05, 1928
Page
7
Trading in the cotton market was quiet as traders awaited the government crop report due Saturday. Short covering and Liverpool Cables pushed prices up briefly, then long liquidation pulled values back with January near 19.62 and March 1972, May 1966, as exports reached 56,065 bales. Futures closed steady with a small net gain.
Washington reports treasury data show 1927 total income rising by about 600 million dollars from 1926. Business income fell by roughly 40 million, dropping to 13.52 percent of total. dividends increased by about 140 million, reaching 15.93 percent. Wages edged up slightly, and gains largely came from real estate and securities.
New York prices drifted with modest gains and losses as traders end accounts before the Saturday government crop report. Spot cotton closed steady up six points with sales of 2666, receipts 12,607 and stock 361,474. Futures showed scattered shifts across January to December contracts.
New Orleans reports a small, narrow cotton market with limited trading and prices showing little change. Weather disruptions in the east and northwest, shrinking exports, and rising domestic consumption shape sentiment before the government’s final crop estimate due Saturday.
In New York on December 5 cottonseed oil trades closed barely steady with prime yellow at 9.05 and prime grades 8.25 to 8.50. futures quoted Jan 9.12, Feb 9.20, Mar 9.38, Apr 9.48, May 9.53, Jun 9.52, Jul 9.68, Dec 9.08. In New Orleans the market opened steady with similar ranges and noted sales of 5,600 units.
New York December 5 government bonds closed with Liberty 3 1 2s at 99.19 Liberty 1st 4 1 4s at 100.12 Liberty 4th 4 1 4s at 160.20 Treasury 4 1 4s at 112.10 Treasury 4s at 107.5 as listed by Associated Press.
New York money market news reports strong call money with all loans at 9 and closing bids at 9. Time loans show firmness with mixed collateral 60-90 days at 7 and 4-6 months at 7. Prime mercantile paper ranges 51-4 to 51-2 with bankers acceptances unchanged.
Speculative nerves in New York trading pushed prices wildly, with some specialties surging 5 to 35 points while the broad list faced losses. Call money opened at 9 percent, a high since 1920, as midday selling dragged names like Curtiss, General Motors, and International Harvester, though gains appeared in Packard Motors and West Union amid scattered rallies.
Chicago reports open lower for corn amid cold, clear weather with declines across most grains. Oats show strength while wheat eases, corn closes weak with 15 to 21 4 cents down. oats 5 8 to 7 8 cents down. barley and seed prices listed. provisions unchanged to 17 cents setback.
In Chicago on December 5, hogs totaled about 85,000 with prices mostly 5 to 10 cents lower than Tuesday. Cattle and calves saw gains in fed cattle and yearlings, while vealers eased. Sheep and lambs moved slowly with fat lambs down about 25 cents and ewes down roughly five dollars per head.
Liverpool reports firmer cotton demand with prices rising across grades. Sales reach 7 000 bales with 5 500 American, receipts 12 000 including 4 200 American. futures close quiet and steady with December to October values listed from 10.23 to 10.53.
Poultry prices and receipts listed for Chicago market with categories. fowls, springs, cocks, roosters, turkeys, ducks and geese show varied quotes. Trade activity described as alive and steady with receipts of four cars noted.
Butter prices rise with receipts totaling 2 891 tubs and creamery extras at 51 1 2, standards 49, extra first 48 1 2 50, firsts 46 47 1 2, seconds 43 48. Eggs remain unchanged with receipts of 1 446 cases.
Atlanta police still puzzled by the killing of R. M. Brandon the wealthy mortician as he rode with a man in a gray suit and brown hat. Chief Poole says jealousy is a likely motive but offers no specifics. Ruth Cone, questioned and released, was cleared of involvement in the case.
A continental cold wave that chilled the Rocky Mountain area and Montana easing today. Chinook reports 46 below yesterday, Havre 32 below, now around zero. Denver warms from last night’s deep freeze as Montana and neighboring states expect milder conditions.
Sidney Weiss, about to be sentenced to life as a fourth offender, was shot and killed today by Captain John Doyle, a court attendant, after he had wounded another guard while trying to escape from the prison pen in the court of general sessions.
C. O. Domergue of Hattiesburg received two six month terms in the state penitentiary for issuing a worthless draft of 100 dollars and failing to return a rented automobile. The sentences run consecutively for the alleged theft in New Orleans after driving the car to Hattiesburg and abandoning it.
Mrs. B S Betts wife of the Missouri Pacific city ticket agent received word that her sister s two year old son died at Truman Arkansas after a twenty four hour diphtheria illness. She left on a morning train for Truman.
Jaime Martinez Del Rio the Mexican banker and ex husband of film actress Dolores Del Rio lies hopelessly ill at Professor Georg Axhausen's private clinic in Berlin. Blood poisoning after a successful boil operation has left the 33 year old man in delirious fever as doctors call for a miracle. Del Rio's relatives and Dolores Del Rio herself monitor the case with cables between Berlin Hollywood and Mexico.
The Ouachita parish medical society holds its annual banquet at 7 30 tonight in the Hotel Monroe. Officers will be elected and Judge Percy Sandel will address the assembly on Medical Jurisprudence. All members are urged to attend.
The fire department responded to two incidents yesterday with minor damage. At 7 01 p m a fire at Ouachita and South Fifth caused by careless cigarette use was put out. A 5 30 p m call to 8014 Gordon avenue involved a trash fire extinguished without major loss. Separately two Senate resolutions urged congressional investigations into the sinking of the Vestris off the Atlantic coast last month.
Robert Percy Lofton, under sentence of death, received a fourth stay from Governor Bilbo. The execution date was reset to December 14, and the coram nobis hearing to December 10 due to defense time constraints. The governor stated Lofton may exhaust his defenses but intends a hang unless clemency is requested.
Crowville senior girls basketball opened the season with a 27 to 9 win at Baskin. Guard Mary Bell Gibson was ill, but Alice Nickols filled in effectively helping Crowville hold Baskin to single digits. Players listed include Doris Newcomer Lena Mae Real Bessie Nickols Pearl Vickers and others.
The House, after passing the 15 cruiser construction bill and sending it to the Senate, begins budget discussions with President Coolidge's annual message. The supply measures to fund the treasury and post office for the new fiscal year start to enter the record as the session opens. The Senate awaits action on the cruiser measure amid ongoing naval committee work.
The report notes the Boulder dam bill held preferred status and the foreign relations committee was urged to take up the Kellogg peace treaty proposing that the United States join with other nations to renounce war as a national policy instrument.
A Royal commission signs sealed documents as King George's illness continues. The Prince of Wales travels from Aden toward his father. Medical bulletins report renewed chest infection activity but suggest temperate temperatures and a fair night, offering cautious hope that the recrudescence is being moderated.
Police found a note directed to Brians sister and a letter with Mrs. Moore’s name. Brians shot Winze in the kitchen of his Negro suburb home, resting a shotgun on his knees and firing with a billiard cue. Neighbors recalled Brians, a former Gulf Coast Lines bridge foreman, had recently been dismissed.
Mrs. Alvey reports her husband Alvey may have been seized by gangsters after a Monday night home intrusion. Police investigate anonymous calls claiming he is in captors hands and a demanded check cashing. Alvey, a longtime book-maker and racing stable owner, is reputedly wealthy and known in Louisville and beyond.
Oklahoma City locomotive engineer C. E. Johnson, with twenty two years on the Frisco, credits Sargon for major health improvements after four years of digestive trouble. He reports relief from indigestion dizziness and nervous strain and credits Sargon Soft Mass Pills for complete gut relief. Johnson lists Monroe and West Monroe outlets for Sargon availability.
Careful feeding during teething. Watch stomach and bowels and at first sign of indigestion, gas or constipation give a few drops of Fletcher's Castoria. Castoria soothes wakeful babies and helps them sleep, is vegetable, and carries the Fletcher signature for authenticity.
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