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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 07, 1928
Page
10
New Orleans wire reports a quiet session as traders wait for tomorrow's government crop estimate. Prices recovered from an early slump with gains of 8 to 10 points as Liverpool's bullish demand and short covering helped steady the market. Exports reached 352,302 bales for the week, spot cotton settled 10 points higher, and total stock stood at 953,274 bales.
Trading grows more active with steadier tone and better demand in New York. Advances face more southern selling and liquidation, offerings lighten, mid afternoon prices about 4 to 8 points higher. Futures close steady 6 to 10 points higher. spot market quiet with middling at 20.40.
In New Orleans on December 7 prices edged up with traders upbeat over export demand and reduced interior receipts signaling farm movement slowing. Exports lead last year as spinners stay strong and the official crop estimate tomorrow could push prices higher or lower.
Cotton seed oil closed quiet but steady in New Orleans trade. Prime Summer Yellow quoted at 8.05, prime Crude 8.25 to 8.50, with futures for January to December ranging from 9.10 to 9.63 as listed for months ahead.
Call money in New York ease with high 10 and low 9, ruling rate 10 and closing bid 9. Time loans show strength with 60 days at 7 3-4, 40 days at 7 1-2, and 4-6 months at 7 1-4. Prime mercantile paper at 5 1-2. Bankers acceptances unchanged.
New York trading saw a sharp reversal from a weak start as early declines were erased by mid day. Volume was heavy and many issues rose 2 to 10 points while call loans eased to 9 percent. Radio, Montgomery Ward, A M Byers, International Nickel, Fox Film and Wright Aeronautical led gains with several others adding 4 to 7 points. Rails contributed to the upswing and Northern Pacific climbs as the dividend outlook improves.
Chicago Wheat prices drift lower amid early mixed moves and firm corn oats and provisions. Wheat No 2 hard near 1.20 and No 2 northern spring around 1.18. corn No 4 mixed 78 1 2 to 80, No 1 yellow 82 53. oats No 2 white 45 1 4 to 49 1 8. rye no sales. barley 55 73. Timothy seed 6.20 5.80. Clover seed 23.50 31.50.
The list shows closing prices and percentages for companies including Am. Tobacco, Colorado Fuel, General Electric, General Motors, Hudson Motors, Mack, Marland Oil, Nash Motors, Pan Am Petroleums, Phillips Petroleum, Sinclair, Southern Pacific, Studebaker, Texas Corp, and Texas Gulf Sulphur. Notations include percentage changes and minor trading annotations.
Livestock market notes 25 000 hogs active mostly 15 to 20 higher. Butchers 250 350 lb prices 8.55 to 8.95. Cattle 2 000 calves 1 000 uneven mostly steady. Slaughter classes beef and veal prices 13.50 to 17.25 and 12.50 to 15.00. Sheep 10 000 limited early trade fat lambs steady to 25c lower. Lambs good and choice 13.25 to 14.15. Ewes 5.00 to 7.50.
Butter lower with 6 253 tubs received. creamery extra 60, standards 48, extra firsts 45.5 to 49, firsts 46.5 to 47.5, seconds 43 to 45. Eggs steady with 4 747 cases received. extra firsts 46 to 47, firsts 49 to 47, ordinary firsts 30.98, refrigerator extras 32, refrigerator firsts 30.21.
Mrs. Tom B. Owens Jr. was shot to death while dining in a car on a highway west of Fort Worth. Her husband, Tom B. Owens Jr., son of a New York cotton broker with Texas offices, was wounded and rushed to a hospital with injuries likely to be fatal.
Baton Rouge report from the commerce department shows 55 religious bodies in Louisiana in 1926 with 4,219 churches reporting 1,037,008 members. Expenditures by 3,920 churches totaled 8,454,531 covering running costs, salaries, debt payments, new buildings, benevolences, missions, and denominational support.
New York government bond listings show Liberty 3 1 28 at 99.19, first 4 1 4e at 100.9, fourth 4 1 48 at 100.18, Treasury 4 1 48 at 111.20, 4s at 106.23 as of December 7.
Liverpool reports a quiet cotton market with prices down across grades. American good middling sits at 11.03 to 11.43, with 5,000 bales sold including 3,900 American. futures close steady with December at 10.43 and October at 10.17.
The New York Cotton Exchange board denied a petition to close on Monday December 24 to grant a 3 day Christmas holiday. Elected members include Charles N. Shhlenker of Charles Fairchild & company William J. Walmsley of Reynolds & Gibeon both of New York and Charles Hauser of Maison Hauser Havre France.
Weekly cotton statistics show totals forwarded to mills 69,000 bales with American share 44,000. Stock stands at 717,000 with American 448,000. Imports total 152,000 including American 109,000. Exports 2,000 with no American portion.
The Kellogg treaty to renounce war was reviewed by the Senate foreign relations committee with Secretary Kellogg present. Chairman Borah signaled early favorable action and warned of a proposed next executive session. Some senators favor a Monroe doctrine reservation, but no decisive stance yet.
Farmerville residents and visitors include Mr. and Mrs. F B Robinson of Bernice visiting in Farmerville, Misses Gussie Fenton and Faye Baughman in Monroe, H G Fields returning from New Orleans, Mesdames George Ward and Joe Malory in Bastrop, Guy H Holloway in Monroe, Pugh Wallace visiting from El Dorado with relatives, W F Addison from Huttig and Miss Mary Wainwright visiting Bernice with her parents.
Mrs. W H Thomas hosted the Clarks ladies bridge club and guests on Wednesday. Guests included the W B Wade and W E Lewis couples, with prizes awarded for high scores and decorative russet chrysanthemums in the living room.
The House approved a treasury post office bill authorizing 23 million 40 thousand dollars for continued federal building projects nationwide. The action taken in Washington was part of the appropriations process on December 7.
Go getter buyers offered brass Ford radiators for 8.50 and交換 your old radiator at Bell's Fender Fixin' Factory located at 410 Walnut Street. Tanks! Tanks! Tanks!
A 15 passenger Ford tri motor plane carryingteletypes to the national airport conference at Chicago stopped in Memphis from New Orleans to refuel. It arrived at Armstrong field at 11:30 this morning and departed 40 minutes later with ten passengers besides the pilot aboard.
In civil district court Judge Cage refused to grant a divorce to Alcide St Germain, 39, from Magdalen Moll Rodick St Germain, who is at least 75. Each side accused the other of cruelty and abuse. The husband alleged threats, cutting with a knife, and poverty after living in a backyard shack. she countered he choked her and ruined finances and forced her and his stepchildren from home. Married 1911.
Colfax Louisiana December 7 R M G Duncan a cotton club boy of Grant parish won third place on his five acre cotton and ninth on his five acre corn plots in the demonstration contest this year He has not failed to place among the first winners since five acre demonstrations began Duncan's entire farm is a demonstration plot This year he produced fifty bales of cotton on forty acres
Tom Gillen of the New Orleans Item said heavy winds may prevent reaching Chicago by tonight and an overnight stop is likely in Springfield Illinois.
Jackson Miss Dec 7 Settlement of the dispute between the Mississippi penitentiary board and the superintendent designate over the bookkeeper and stenographer appointments will be sought in court. Governor Bilbo appoints Jim Williamson as superintendent December 31 and warns a restraining order may block board appointments from taking charge if not recognized.
In De Soto Missouri on December 7 a warrant for second degree murder was sworn against Sol Hohenthal, 59, a wealthy retired merchant, after Pearl Potoskey, 25, a St. Louis beauty shop proprietor, was found dead Sunday night. Hohenthal surrendered and posted a $10,000 bond.
In Corning Iowa December 7 listeners report the city council has passed first reading of an ordinance banning devices causing reasonably preventable interference with other equipment including radios Violet ray and X ray machines. Interference would be prohibited from 6 to 11 PM except in emergencies.
The Parent Teacher association will meet tonight at 7:30 at Bark dull Faulk school. The public is invited to attend. Talks discuss expanding the city school system by building a new high school and other structures. Parents of school children are urged to attend.
Mrs William H Greenhow widow of the paper's founder and long time owner publisher of the Hornell Tribune Times died today in Hornell New York The publication founded 77 years ago by her husband’s father is noted as one of the few papers run by a woman Her daughter Olive G Buisch is business manager and niece Miss Mabel Wombough is AP representative for the paper
Notices hereby given that the first semi annual dividend of $3.50 per share had been declared on the Preferred Stock of United Carbon Company a Delaware corporation payable January 1 1929 to stockholders of record at the close of business on December 15 1928 Signed Tinted Carbon Company Ry T A Whelan Treasurer Der 12-19 12-14
Women s two tone satin robes priced 3 98 to 4 85 boxed wash sets with two wash cloths and towel matching. Bath mats in rich patterns 59c to 69c and economy 98c chenille mats. Men s broadcloth shirts in several colors economy 98c. Boys shirts Boy Brummel brand 89c. Union suits white and flesh 1 00.
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