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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 06, 1928
Page
6
New Orleans price movement shows slight declines with January at 19.55 March 19.65 and May 19.60. Trading stayed mild with sales 6 176 and receipts 9 616. Exports 20 212 bales. stock at 371 943.
Prices eased in a calm cotton market session as southern selling and broker liquidation weighed on futures. Uncertainty over next Saturday government report and softer Liverpool markets contributed to net losses around 13 to 15 points while futures settled 17 to 21 points lower and a quiet spot at middling 20.35.
New Orleans reports show cotton trading steady early then slipping late on heavy selling by Wall Street interests. Private guesses on upland production range from 12,423,000 to 12,550,000 bales, with official 14,133,000 in running bases. ginning data up to November 14 indicates 11,320,000 bales.
Liverpool cotton market reports demand strong with American lots priced from 9.49 to 11.54 in various grades. Sales total 6,000 bales, including 3,900 American, receipts 3,000 with 590 American. Futures closed quiet with December at 10.43 and January 10.48.
Mrs J M Jones died in Akron Ohio yesterday. Her daughter Mrs R T Stiltner of West Monroe received the wire and the family had gathered six weeks ago for an operation. A daughter Mrs Richard Bawccom of West Monroe is also named.
A sharp loss followed an initial rally as many issues slipped 4 to 15 points from prior close. Call money rose to 11 percent at mid afternoon while merchants and motor stocks led the decline amid bets on higher December rates and heavy holiday fund demand.
Chicago prices drift higher on European Liverpoul quot ations with wheat and corn showing gains while oats rise modestly. No. 2 hard wheat 1.21 to 1.22, corn No 4 mixed 80% and No 4 white 80% amid mixed oats. Barley 55 to 75, timothy seed 5.00 to 5.70, clover seed 23.60 to 31.50. Lard and ribs up slightly with bellies around 11.73.
In New York on December 6 cottonseed oil closed steady with prime summer yellow priced 10.00 to 10.60 and prime crude 8.25 to 8.37 per 100 pounds. Seed oil closed barely steady with prime summer yellow 9.05 and prime crude 8.25 to 8.50. Futures shown: January 9.12, February 9.20, March 9.35, April 9.47, May 9.52, July 9.65, December 9.1.
Livestocks strong on Wednesday with mixed cattle and calf activity. Cattle and calves show steady to firm trade for steers and stockers while vealers remain robust. Sheep market very slow with fat lambs weak and ewes and lambs down compared to prior.
Butter and eggs markets in Chicago show declines with a total butter receipts of 6,748 tubs and eggs receipts of 3,994 cases. Butter varieties range from extra firsts 48 1 2 to seconds 43 45, while eggs list ordinary firsts 30 28 and refrigerator firsts 30 1 2 to 31.
New York Dec 6 call money markets show stronger to high 12 and low 9 with ruling rate 9. Closing bid 12. time loans firmer with mixed collateral 60-90 days 7 7 1-4 and 4-6 months 7. Prime mercantile paper 5 1-4 5 12. Bankers acceptances unchanged.
Dee. 6 Poultry Alivre steady receipts two cars fowls 18 and 26 cents springs 27 cents roosters 20 cents turkeys 25 to 40 cents ducks 17 to 24 cents geese 28 cents
The interior of a Dodge sedan owned by J. M. McDonald at 4801 Georgia Street was badly damaged by fire on Wednesday. The alarm rang at 6 p m coinciding with the 6 o clock alarm test. The cause is unknown. Cushions and upholstery were destroyed and window glass cracked. Garage interior suffered slight heat damage. firemen arrived promptly to control the blaze.
Chicago dispatch reports that the 1229 Louisiana state fair will be held in Shreveport during the last week of October.
Four coast guard ships moved from Fort Lauderdale and other bases to a point four miles off Eau Gallie near Melbourne following two distress signals and a reported explosion last night. One craft from Fort Lauderdale led the search while the others unknown to position pursued the scene as dawn approached. The vessel involved remained unidentified and the distress signals were not repeated.
A wireless from the Beacon Light reports the Miguel de Larrinaga 40 miles from an unidentified ship in distress off Eau Gallie Florida at 7 a m and moving to assist. Coast guardsmen think the distressed vessel lies about four miles offshore and likely has a small draft.
Shelton S Henry of West Monroe was placed under a $200 bond after a warrant from Agnes M Henry of 2903 Grand Street charging him with failure to provide for two minor children.
Chairman Haugen of the House Agriculture Committee said after a committee meeting that there is very grave doubt about passing an adequate farm relief bill this session. The remark underscores uncertain prospects for relief legislation amid ongoing legislative debate.
Washington reports 213 influenza cases in California and about 15,000 nationwide as the U S public health service urges doctors and health officers to intensify vigilance. State tallies show Montana 3372 Oregon 296 Utah 258 Arizona 800 South Carolina 2718 Georgia 844 Alabama 198 Indiana 261 with several states under 100. First cases appeared in San Francisco then Hollywood and spread westward. Dr R C Williams urges avoiding crowds and sleeping in open air alongside standard precautions.
A telegram from Coco Beach signed Edward Satinover to Commander R L Jack says Satinover was one of five men saved by fishermen after distress signals were seen off Canova beach last night. The telegram gives no craft name or destination and authorities reported no word from patrol boats.
In Jackson Mississippi Judge Edwin R Holmes will hear 27 indictments charging trading in federal patronage. Defendants include E L Patton Perry Howard D Redmond A M Redmond George F McClelland Scott Hubbard J C Tanne hill Charles Isaacs William A Miller and William W Randall with ties to post office sales in South Mississippi and past federal offices.
In Travemunde Germany on December 6 a twin motor seaplane named Rostra prepared for a February 1 flight to America via the Azores. Built by Rohrbach known for metal aircraft, it just finished trials. Miss Mildred Johnson of Philadelphia announced from Paris on November 30 she aims a trans Atlantic flight in the Rostra this December or January after surveying U.S. air mail routes.
In Bogota on December 6 the Magdalena banana region faced a request to declare martial law by the council of state amid violence in a plantation workers strike. Officials say strikers used violent acts to block other workers from taking their jobs. An exodus of workers was reported as many sought work in nearby towns.
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