Wall Street Money Deals Analyst Frank Sturgis
Reporter Frank Sturgis outlines high finance maneuvers on Wall Street detailing methods, players, and potential risks in a concise money brief.
13 Dec 1912
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 13, 1912
Page
1
Reporter Frank Sturgis outlines high finance maneuvers on Wall Street detailing methods, players, and potential risks in a concise money brief.
Washington reports the House Banking and Currency Committee grilling Frank K. Sturgis of Strong, Sturgis & Co., on stock market practices. He says the Exchange cannot prevent manipulation by pools and syndicates and cannot reveal buyer or seller motives, while defending hypothecation and broker loans.
Deputy Sheriff Arthur Grant moved twelve prisoners to Ruston jail, one to the asylum, and two to the parish road camp after closing the insanitary parish jail. Will Bell, declared insane, heads to Pineville for psychiatric care while C. W. Watkins awaits transfer in Shreveport for defrauding merchants and banks.
Mrs. R W Tucker wife of Presiding Elder Hk W Tucker of the Ruston district died at 1 05 this morning after a paralytic stroke suffered early Thursday. Elder Tucker was away at the Methodist Conference in Monroe when word of her illness reached him and he arrived before she passed.
Governor Hall allegedly sought resignations of Port of New Orleans figures William Kernaghan and Thomas Kelly during their Cincinnati tour despite prior assurances of board stability. Dock Board members authorized bids for riverfront improvements totaling over 600000 pounds, signaling work continues.
Eight hundred New York chauffeurs secured an advance in wages to $2.76 for twelve hours of work.
Detectives probe clues from a conference leading to Lucedale Mississippi as tributes flow to ministers who died this year. The report notes ongoing follow up by investigators and readers urged for information.
In Mobile on December 3 Edgar Hooks was arrested for kidnapping of four year old Robert Dunbar of Opelousas La. Detectives Cowan and the child's father traveled toward Lucedale Miss seeking the boy, with a clue the child may be concealed there. A separate church conference in Ruston announced the death of Mrs. R W Tucker and noted Bible Society activities and ministerial changes.
Edgar Hooks a 35 year old Birmingham resident and alleged kidnapper of four year old Robert Dunbar of Opelousas La was lodged in Mobile Alabama police custody after a week long probe by Burny detectives. Investigators say Hooks knows the child’s whereabouts and trace his movements from Opelousas to New Orleans Mobile Pensacola and Dixie Alabama.
In Dalton Georgia this morning a band of masked robed men abducted James Watkins from his home and beat him severely in the town center. He was ordered to leave town after he refused to eject several alleged disorderly white women from a house he owned.
A Greek general offensive began along the entire line in Epirus on Wednesday. After repeated attacks, Greek forces occupied Turkish advance posts near the Visati fortifications and seized three quick firing cannons, substantial war material, and numerous tents.
Boosters are summoned to the city court room at City Hall tonight at 8 o'clock to discuss the gas and oil well proposition. The outcome will determine whether Monroe residents will pursue a thorough test to confirm oil or gas in paying quantities.
Paris December News: Rechad Pasha, Ottoman plenipotentiary en route to the London peace conference, warns that if a peace honoring Turkey is not granted, hostilities will resume at once. He states the Turkish army is growing, with 179 600 well armed troops at Tchatalja prepared to renew fighting.
In Hot Springs Arkansas on December 13 a posse led by Henry Fowler raided the Ohio Club Room seizing gambling gear and forcing removal to the sidewalk before a match could be lit. City Detective Will Laughlin intervened and ordered the articles off the street amid tense confrontations with armed men. An old Circuit Court order was shown, and the raid involved men connected to a local house rumored to be linked to the raid.
Judge Watkins wins House passage of a cotton claims bill after six years of lobbying to pay Southern claimants nearly six million dollars. The measure removes any loyalty test for claims on cotton seized after June 1, 1865, and directs courts to consider the money due regardless of wartime loyalties. Louisiana Democrat Speaker pro tempore Mann opposed with procedural tactics.
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