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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 06, 1923
Page
6
Cotton futures closed steady with declines from 11 to 25 points amid firm opening and later softening. December traded around 34.00 to 35.07 with January near 34.38 and May around 34.80 while spot cotton fell about 50 points and a holiday schedule closed key exchanges.
President Coolidge addresses Senate stressing no bonus for World War I soldiers while endorsing the Mellon tax program. He touts budget reductions and calls for immediate legislation to ease tax burdens, and outlines foreign policy continuity, ship operations, and major domestic reforms from immigration to civil service, labor, and anti-lynching measures.
New York cotton futures ended mixed with December near 35.10, January around 34.50, and March near 34.75 the day after a volatile session. Spot cotton held at middling 35.45 as nerves lingered amid reports of continued liquidation and weak Liverpool cables signaling broader selling pressure.
In Liverpool on December 6 cotton spot prices were in fair demand and easy with mids to good middling at 19.64 to 19.94 and lower grades down to 16.64. Sales total 4 000 bales with receipts of 13 000. Futures closed firm with December at 19.87 and March at 19.95, other months listed including January 19.98 and May 19.79.
Chicago cash grain markets show unusual steadiness with slight wheat fluctuations. Traders await President Coolidge's message as prices hover within a narrow range.
Potatoes hold steady in Chicago market with receipts of 35 carloads. U S shipments total 480 as Wisconsin sacked round whites move at 1.00 to 1.16 per cwt. Minnesota and North Dakota Red River Ohios and related grades quoted 0.90 to 1.05, sacked round whites 0.90 to 1.00.
Notary public W C Stevenson notes that Charter Millsaps Realty Co Inc members declare under Louisiana law Act 267 of 1914 and its amendments their eligibility to form a corporation in the parish and state.
The Morrie Trustee W. W. White No. 1 in sections 27-28, township 20 north, range 5 east, blew in with an estimated output of over 32,000,000 cubic feet of gas daily. The Plemmons No. in section 22, township 20 north, range 5 east, produced about 24,624,000 cubic feet per day. Both completions are in Morehouse parish.
Butter prices fell with creamery extras at 53, standards 49 1 2, firsts 45 1 2 47 1 2, seconds 42 1 2. Eggs rose with receipts of 1 581 cases, firsts 48 52, ordinary firsts 40 4.
Fourth to seventh graders who were to perform in Children of the Different Nations and spirits of the Forest in early pageants may return their costumes to the Community Service office on St Ann Street for a fifteen cent refund. Also noted is a motion in the Lon Braddock conspiracy case challenging the conspiracy charge.
Bob Harmon presents a large turnip weighing over seven and a half pounds found on his plantation in Logtown. He also grows vegetables capable of nine pounds, demonstrating his notable produce size.
The Ouachita parish division of the Sixth judicial district court convenes in Monroe Monday with Judge Fred M. Odom presiding. Two weeks focus on civil cases. a decision is expected on motions in Morehouse Parish misdemeanor cases at Bastrop.
November fatalities in New Orleans total 11, raising year count to 58. There were 144 accidents with 100 injuries last month, bringing 1923 totals to 1,543 accidents and 979 injuries, with auto traffic responsible for about half the deaths and two thirds of injuries.
The regular annual meeting of the stockholders of the Ouachita National Bank of Monroe Louisiana will be held on Wednesday January 9 1924 at the bank office for electing a board of directors for the ensuing year and transacting such other business as may properly come before the meeting. 6 30t. F F MILLSAPS Cashier.
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