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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 08, 1937
Page
18
December through October futures posted small net gains while government output estimates show a record 18,746,000 bales. Short covering and contract purchases followed the report as hedging stayed light, with spot cotton closing 8 points higher amid steady demand and 29,719 bales exported.
New York reports the government cotton estimate adding 500000 bales to last month's huge figure failed to depress values in the local market. After the figures were posted trading resumed with prices 1 point lower to 3 higher than before the report and 4 lower to 4 higher versus the prior close. The market opened steady with narrow changes.
Liverpool markets show cotton at $1,000 bales with 20,400 American. demand limited and prices steady. Quotations list American grades from strict good middling at 5.44 to good ordinary at 2.99 with futures closing steady at Jan 4.51 March 4.55 May 4.59 July 4.62 Oct 4.67.
Livestock market report from Chicago shows live poultry steady with four trucks handling supplies. Prices listed for colored and white Plymouth Rock and Leghorn chickens, young ducks and geese vary. dressed market also steady with prices unchanged.
Butter prices in Chicago steady at 7 654 with unchanged overall tone. Exes 2 022 firmer with fresh graded extras local 24 firsts local 23 and current receipts 82 including refrigerator extras 19 standards 83 4 and firsts 18 1 4.
Chicago grain markets opened with wheat futures down as Liverpool quotations pressured selling of new Australian wheat in Europe. December fell to 95 1 8, May to 92 1 4, then steadied. corn and oats showed minor changes with December at 54 1 8 and May 57 1 2. Close prices were 97 1 2 to 3 4 for December wheat and 1 4 to 1 2 for May.
New York reports show stocks firm with rails and steels at the forefront while bonds shift across prices. Cotton and sugar ease as coffee and wheat trends show mixed moves amid international demand and export buying. Cattle and hog futures slip with hogs down to 8 dollars and fifty cents.
Buying support for rails and steels lifted the market with fractions to over 2 points as investors bought oversold issues. A softer opening gave way to a trend buoyed by industrial leaders at the NA manufacturers convention and favorable retail sales reports in the New York metro area.
In New York on December 8 bleachable cottonseed oil futures closed steady to higher by 2 to unspecified. New Orleans reports show steady prices with bleachable prime summer yellow at 7.00 nominal and prime crude around 5.45 to 5.***, with months Dec 6.57B Jan 6.59B March 6.63B May 6.66B July 6.68B and bids noted.
In New York sugar trading on December 8, No. 3 contract showed early 2 to 3 point losses but pared most of the decline. March dipped to 2.30 before recovering toward 2.32, while No. 4 stayed quiet around March. Final quotes near 2.33 to 2.35 with 4,900 tons sold.
The LaFayette Square historic home of Stephen Decatur may be sold July 1, 1938, to become a garage or apartment. The Professional Writers club seeks to block the sale. The three story dwelling near the White House retains candles and a lookout once used by enslaved people. Van Buren’s wig wag signaling from the roof is noted.
Lloyds agent in Alexandria reports the 6900 ton British steamer Quarrington Court was abandoned last night after engine rooms flooded. The crew were rescued. The vessel, en route from Baltimore to Calcutta, had been towed by the French motor vessel President Doumer. Cause of the leak not specified.
Chicago teenager Beverley Sachs known as Beverley Lane will debut with the Chicago City Opera company tonight in Rigoletto as Gilda with star Lawrence Tibbett. Her parents and sister attend along with motion picture reps and opera fans.
Fingerprint results in Columbia show two men held since Sunday are dope addicts with no criminal records beyond shoplifting. They named Elgin Haynes Hall and D J Courtney as aliases. Apprehended after a cafe alert over a $1,000 reward, five pairs of pigskin gloves and measuring tapes were found.
The Rufus Rose Marionette Company will appear in Monroe on February 15 with an afternoon children’s show “Hansel and Gretel” and a four act evening performance “The Tempest.” Miss Lucyle Godwin, city recreation director, urges planning and keeping the date open. The events occur at the Central Grammar School auditorium.
In Louisiana on a December night, Lyn Hamilton a 15 year old Black boy dies while trying to rescue his father Willis Hamilton 65 and mother from a blaze. He is buried beneath fallen roof alongside his seriously burned parents. The fire started from a kitchen stove overheated burning the dwelling near Choudrant on Norris plantation. no insurance covered the total loss.
In Baton Rouge, December 8, the state will not hear arguments in its suit to recover 750000 dollars in gasoline taxes from Standard Oil of Louisiana until after January 10. Judge Charles Holcombe postponed proceedings after both sides finished their cases, citing the Christmas recess. The state claims taxes were owed on gasoline deducted for losses over eight years, while the company says it followed the tax interpretation allowing the deduction.
Baton Rouge reports show Louisiana liquor taxes rose each year after repeal. From 1934 to 1936 state revenue totaled 341,979.87, 1,114,563.98, and 1,491,870.66 dollars respectively, with 1937 expected to exceed last year by at least 150,000 dollars.
Southeast conference directors in Jackson Mississippi seek equal voting rights with faculty reps while limiting each institution to one vote. They push for control over meets and ethics, a dedicated tournament fund, and eligibility rules for boxing. Auburn’s Orange Bowl stance may shape discussions.
Athens GA December board of athletics voted to accept coach Harry Mehre’s resignation effective January 1 1938. A five member committee was tasked with hiring a successor while bonus terms were kept confidential. The session ran over three hours with sixteen of nineteen members present.
Two Southern California couples completed a four month divorce and remarriage cycle forming an intertwined new union. Ira Ashcroft, 54, and Louise Voss, 27, honeymoon. John Voss, 30, wed Hortense Ashcroft Voss, 50, at Triangle L ranch near Claremont.
Los Angeles turf officials announced 93 nominees for the $100,000 Santa Anita handicap on March 5, the richest turf event. War Admiral, Seabiscuit, Rosemont, Pompoon, Heelfly and other stars headline the field as ships to Santa Anita, with Samuel Riddle undecided on War Admiral’s destination. The list tops last year’s 88 nominees.
Members voted to hold a Christmas party at the next meeting at Lena Wallace's home with Allen Cloud as eco-hostess. The group met at the Claiborne church Tuesday where Fred Neal hosted and Jewel McQuiller discussed disease testing in chickens. Frank Eyre spoke on the last council meeting and M L DeFreese described a recent 4-H party.
In Baton Rouge the Whites froze the ball to waste time in a YMCA league match against the Reds. Officials found the Reds ahead 33 to 32 after the final whistle, overturning the delayed play.
Athletic Director Gordon Clark announced that Harry Hec Clark accepted a three year contract as head football coach at the University of the South. Clark has coached the team since 1933. Contracts were also offered to assistants Joe Eaves and Allen Lincoln.
The United States civil service commission announces an open competitive examination for unskilled laborers for day work at the Monroe post office building. Pay is 50 cents per hour and selection is based on physical ability. Readily available information can be obtained from the superintendent of mails at Monroe post office. Onions belong to the Lily family.
Mrs. B. L. King of 203 Adama Street told Monroe police Tuesday night a theft from her back porch clothesline occurred. The items described include two men’s shirts, two dresses, overalls, a jumper, and two men’s suits.
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