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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 06, 1930
Page
8
In New Orleans the cotton market opened with gains of 2 to 3 points on deferred months, rallied 4 to 7 points above prior close, then eased to close 2 points net higher to 1 point lower as weekend activity faded.
New York traders priced cotton in a narrow range as positions were adjusted for the upcoming government Crop Report due Monday at 11. March contracts moved to 10.70 after early gains, closing 10.73. The overall market was steady with modest gains and losses. spot middling remained 50.
The Cotton Letter notes little news in circulation with retail reports subdued on Worth Street while buyers hesitate. Liverpool gains from positive India news but London cables warn of year end lockout risk. The Monday government report on revised acreage will influence price direction and market certainty.
Liverpool reports a small cotton trade with steady futures. Prices for American grades slide across strict good middling to strict good ordinary, with total sales totaling 2,000 bales, including 1,300 American, and no receipts. Futures close steady with near months at 5.50 for December and 5.54 to 5.98 for later contracts.
In New Orleans on December 6, cotton seed oil closed steady with futures showing 70 for prime summer yellow and 612 1.2 for prime crude. Prices quoted include January at 7.00, February 7.04, March 7.42, April 7.15, May 7.25, June 7.30, July 7.35, and December 6.91.
In New York on December 6, foreign exchange rates held steady with Great Britain at 4.85 17-32 in pounds per dollar and a list of other currencies quoted: France 3.92 7-8, Italy 62.3 3-4, Belgium 13.95, Germany 3.83, Norway 26.73, Spain 11.10, Greece 1.29 1-4, Brazil 9.62, Tokyo 49.63, Shanghai 3687 1-2, Montreal 100.03 1-8. Readings show Great Britain in dollars, others in cents.
In Chicago on December 6 the Associated Press notes varied dairy prices with butter at 6,709, creamery figures up 32 percent for extra, 314 percent for standards, and 26 to 27 for seconds. Exgs 5,048, firmer extra firsts 28, fresh graded firsts 25. Refrigerator firsts 16, refrigerator extras Wy-2.
Stocks heavy with Erie railroad at a low not seen since 1924. Bonds irregular while foreign exchanges steady. Sterling strong as cotton remains quiet. Sugar barely steady with some selling. Coffee lower amid increased Brazilian offerings. Chicago Wheat and Corn ease under bearish weather and southwest weakness. Cattle steady as hogs rise and weather improves in the southwest.
Chicago grain traded mixed as wheat advanced for July 1931 crop while corn weakened. July wheat fell about 2 cents from early highs, corn started 1 8 to 3 4 under, and closed weak with declines in oats and slight drops in provisions.
USDA Chicago cattle market shows weighty steers steady to strong and yearlings steady while weights for heifers decline. Sheep trading 4000 head with lambs up to 8.85 and native and fed western lambs 8.00 to 8.73. Hogs strong with direct sales 19 000 and 8.15 to 8.25 for 180 to 175 pounds, several shifts from prior week.
Reports from New Orleans on December 6 show broad supplies and varied pricing. Turnips sell 40-30 cents per dozen bunches, spinach 60-75 cents, sugar cane 0.5-0.75 per dozen stalks, with Florida and California produce across beans, squash, celery, and onions priced per crate or per cwt.
Directors set a quarterly 25 cent dividend for Boeg Warner common stock annu ally totaling 1.00. Preferred dividend remains 1.75 quarterly, both payable January 2 to holders of record December 15. St Louis Rocky Mountain and Pacific Co also declare 25 cent common dividend payable December 31 to December 15 record holders. Norands Mines, Ltd. omits the 2 1/2 cent quarterly dividend.
The New York stock market closed the week with light trading and broad losses across rails and industrials. Rail shares fell to new lows with Erie and Frisco leading declines while New York Central and Eastman Kodak slipped several points. Bank clearings rose modestly, hinting at holiday funds demand as a district upturn in sheet steel orders appeared possible next week.
The city of Monroe sues the Ouachita Parish School Board over Thom as Street assessment payments. The board contends the levy is excessive and warns it can pay a fair amount. It argues parish property cannot be seized for taxes or assessments. Judge J T Shell previously ruled the city may enforce payment on parish property.
Plans have been completed for the first anniversary celebration of the local chapter of Catholic Daughters of America. A high mass begins at 9 39 a m at St Matthews church with Rev A Olinger of Alexandria delivering the sermon. A banquet follows at noon and ceremonies continue at St Matthews parochial school auditorium with out of town members attending.
Judge E L Walker of Ruston was reelected chairman of the Lincoln parish Boy Scout district at a Ruston meeting. Elected district council members include C A Barnett, T E Raley, Glenn Shadow, J T Folk, H L McKnight, H E Townsend, Dr M T Green, George Nicol, and troop reps A E Phillips, John Cheatwood, H L Campbell, H J Neth kin, J M Palmer. L R Simpson of Monroe, scout executive of Ouachita Valley council, delivered the principal address.
Goldman’s store at 347 DeSiard Street hosts a Saturday exhibition featuring Hazel the Wonder of All Wonders. Hazel is shown in her box and smiles to visitors while the crowd, including Papen viewers, surveys the mysterious figure with no body or limbs beyond a head.
The Male Chorus of West Monroe will perform at West Monroe First Methodist Church on December 19 for West Monroe Welfare. Director G A Mercer leads 12 singers including B A Gentry Buddy Clarke G C Williams J E Lockwood Arthur Herring Mr Holland Rudolph Sample Dr J D Golson Claude White Jessie Lolley Mr Key W B Beeson.
Florence Tillman reports an unidentified man snatched a basket from her hands on Saturday at 1309 Breard Street. The thief dropped the basket after finding nothing of value and fled.
Five robbers looted the State Bank of Clearing on the southwest side taking an estimated 40 000 to 50 000. They forced 20 30 bank customers and employees into the basement and seized cash from vaults prepared for paycheck cashing. In Pittsburgh a bank cashier, A R Mc Farland, 35, was shot and killed when he refused a bandit’s demand for money at the Allegheny Valley Trust in Verona.
West Monroe tax notices prompt quick response as real property taxes approach delinquency date. Movable property taxes become delinquent three days after notice receipt with six percent interest after January 1. Seizure and sale of property typically occur in the summer, with past practice centering sale in August under tax collector discretion.
T. H. Tyson district Y M C A secretary attended a state convention of colored high school members of the Y M C A at Grambling in Lincoln parish. He was to give an address at the meeting. M. J. Foster principal of the colored high school was also present and due to speak, accompanied by several Y M C A members.
The sheriff's department reported the largest tax collection rush since the 1930 rolls, attributed to no Sunday collections and many out of town residents in the city for business.
Local Catholics mark the Holy Day of Obligation Feast of Immaculate Conception with three masses at St Matthew's church at 6 30 8 and 9 30 a m observing the anniversary observance amid parish activities
Two men released Friday morning from the city jail after seven and a half days for drunkenness were arrested in the afternoon and returned to jail on the same charges. They earned the nickname star boarders for missing only the noon meal and were identified as W. M. Clark and Jack Donovan.
Bishop H M Dobbs leads Louisiana annual conference with goal to read Sunday appointments. Reports show $1 900 000 raised for all church purposes. New societies formed in rural Woman's Missionary Society and 14 members entered full connection. Fourth year class to be ordained elders Sunday. Rev Samuel W Erwin discusses Jugoslavia and Rome work. Judicial council on church law approved. Bishop Arthur Moore to preach final sermon tonight at 7 30.
A large box of women’s and children’s hats from the Alice Henry Millinery shop was donated Saturday to the Monroe Welfare association to aid families helped by the organization. Mrs. W. P. McCall says few hats were included in clothing distributions. The office also received several checks to be added to the general fund for destitute needs.
Rev H L Driskell pastor of West Monroe First Baptist and Louisiana Baptist promotional committee member returned Friday from Pineville where the committee planned resolutions and business from the eighty third annual West Monroe convention. The Pineville meeting aimed to add teeth to resolutions and push a program from delegates. The committee’s work intensified due to the convention’s sharp expenditure cuts with President Olla B Webb of New Orleans presiding.
A Ouachita woman seeks pardon on a dry law charge amid a list of inmates with varied sentences. Names include Erdis Beddison Albert East Carroll and Isaiah McLean Caldwell parish tied to murder manslaughter and larceny cases.
Felix A. Terzia replaces Herron on the parish school board with three new members joining E. S. Eby and Charles McCain. Joe Renwick J H Trousdale and T T Jones were reappointed. Inabnet retires after over 30 years. Governor Long signed the commissions.
A Memphis man was slain here last night after attending a wrestling match. Police report a diamond ring worth 4000 to 5000 dollars, a diamond and platinum pin worth 600, and 600 dollars in currency and drafts stolen. The crime scene suggests poisoning and a skull fracture. A woman’s rouge and powder, a glass with ginger ale and whisky, and a vial of drug were found. A witness heard a woman’s voice and laughter in the victim’s room around 1130. The victim had been seen with two women at a local restaurant yesterday.
Tickets selling fast for Williams Jubilees Singers of Chicago at the colored high school auditorium on Breard street. Proceeds fund school library and other needs. The renowned group performs negro spirituals and classic works. brought here by M J Foster and local leaders.
The West Monroe Welfare Association outlines a cooperative Christmas program with the Epworth League to aid destitute families. A new headquarters on Wood Street will store food and clothing, and volunteers will canvass names and needs for joint distribution.
Poultry by Associated Press reports steady movement in Chicago markets on December 6. Fowls traded at 15 to 18 cents, springs at 18 cents, roosters 15 cents, turkeys 23 cents, ducks 16 cents, geese at market Me.
East and west bound passenger trains listed with arrival and departure times across multiple lines. Notable services include No. 238 Local at 6:53 am and No. 204 Fast Mail at 8:48 am on Illinois Central, and North and South main line Fast services on Missouri Pacific with local stops at El Dorado Natchez and Farmerville.
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