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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 13, 1930
Page
7
In New Orleans on December 13 the cotton market hit new season lows as bearish domestic mill consumption for November, at 414 887 bales excluding linters, and weak Liverpool cables drove declines. Futures closed barely steady, slipping 19 to 25 points with close near the lows.
New December contracts fall to 9.45 and May to 10.10 as just absorbed by covering and trade, prices end the day near the lows with net declines of 18 to 38 points. Futures close easy 18 to 25 points lower. spot activity quiet at middling levels.
NEW ORLEANS Dec 13 The cotton market slid under liquidation short selling and hedging with prices falling to new lows by $1 to $1.25 a bale. Consumption for November fell short of October and year ago while mill stocks rose, signaling pessimism and weak demand.
New Orleans December 15 reports cotton seed prices listed steady with various futures and contract months. Prime summer yellow at 6.85, prime crude 5.87 to 6.00, with January 6.78 and March 6.91 among futures, rising toward July 7.15 and August 7.20, December 6.70.
The Y W C A glee club rehearsed under Prof Robert Irvin for a public concert at the Y building Monday at 8. The event will be free with a cash offering collected. Sixteen girls make up the club, joined by a quartet of young men for the performance.
U S Steel and American Telephone lead yearly lows while rails, curbs and bonds weaken. Foreign exchange fluctuates as French markets sag. Cotton declines with hedge selling. sugar rises on European reports. Coffee eases on Brazil, Chicago Wheat steady amid receipts, corn falls on bearish weather. Cattle hold. hogs firm to higher.
Chicago grain notes show July wheat slipping to a low seasonal price amid a shaky stock market. Old crop deliveries hold steady as farm board allies support prices. Corn opens down but rallies. oats and provisions fall.
At Chicago on December 15 the USDA reports cattle firm to higher for best light and medium steers, but short fed and very heavy cattle down. Vealers slump 106 to 290 while stockers hold steady. Hogs rise to 8.05 top with 7.85 to 8.00 bulk. lambs and sheep fall, fat ewes weak, and direct market activity strong.
Four defendants were found guilty in district court before Judge Percy Sander on charges from manslaughter to assault and battery. The trial highlighted Mrs. J. E. Dumas and Mrs. Annie May Aldridge with Aldridge’s mother as co defendant. Each was fined five dollars plus costs and given a suspended 10 day jail sentence.
John Melvin Nation of Ouachita parish filed a $12.74 100 week personal injury suit against Brown Paper Mill in district court. Nation says a boiler he worked on at the mill on October 4 caused injury and permanent eyesight impairment.
The stock market fell sharply with U Steel American Telephone and others breaking through resistance. Many leaders declined 1 to 4 points, setting new year or era lows while two hour volume reached about 1,950,000 shares.
Wedgeworth Harrisonburg reports a district restructuring with named scout masters I A Carter troop 23 Jonesville A L Sandifer troop 41 Manifest and Walter L Enete Jr troop 81 Harrisonburg Catahoula raises annual quota to 350. Merit badges awarded for troops 41 and 23 and a district basketball game followed by a campout as credit. Next district meeting scheduled at First Baptist church Jonesville January 9.
Louisiana Power and Light lit the Trenton street Christmas trees in West Monroe Friday evening. Kiwanis club sponsors and merchants approved the setup with a large centerpiece at Wood and Trenton streets. A festive program will follow the lighting, drawing autoists and pedestrians from Monroe and West Monroe.
Public Service Commissioner Harvey G. Fields ruled newspapers may deliver dailies via private arrangements with bakeries or other industries that run their own trucks. He said the commission lacks jurisdiction to regulate drivers and that the arrangement speeds delivery, warranting no complaints. He noted Order No. 1507 on water rates between New Orleans and Port Eads, directing that regular river tariff No. 1 apply.
Salvation Army kettles were set up Saturday in downtown in front of the post office and on DeSiard street to raise funds for food and clothing for needy families. Coins clinked as supporters donated while bells jingled and volunteers encouraged giving for Christmas relief.
The Kirganis club plans a city wide Christmas celebration Monday night with a program arranged by T. C. Drew W. C. Curry and H. A. McDonald Prominent speakers are invited to participate in the event.
Army defeats Navy 6 to 0 in a charity football game with steady Cadet drives led by Stecker. Frentzel and Bowman contribute key plays as Army gains ground through Navy’s defense, while both teams trade punts and penalties in a tightly contested contest.
The march of substitutions continues as Army fields eight replacements including a new backfield of MacWilliam Herb Graftly and new ends Malloy and Ing. Navy trades punt exchanges with Kim returning punts and Gannon Hagberg connections while Bowstrom and Fields exchange drives.
Army and Navy exchange penalties and plays as Frentzel and Stecker move the ball. Stecker breaks for 86 yards for a touchdown and Army leads 6 to 0 after several punts and miscues amid mixed signals and turnovers.
Monroe and West Monroe school children sold Christmas seals and double cross pins on Saturday for the local tuberculosis association. The annual tag day of the National Tuberculosis association saw the red double cross pinned on coats and dresses downtown and in neighborhoods. Prices ranged from a penny to larger donations, with teachers awarding prizes to classes selling the most seals or crosses.
License plates for Monroe County motorists are delayed with a new issue date uncertain. D M Doughty announced that plates have not arrived and, if received Monday, will be issued Wednesday after a day of numerical classification at the Monroe Auto and Supply building on Walnut street.
Mrs. Mary Plumbo of North Eighteenth and Adams Street suffered serious burns when her dress caught fire near a gas stove. She was rushed by ambulance to St. Francis Sanitarium with about one third of her body burned. Doctors expect recovery barring complications.
On a Louisiana tour the veteran evangelist from Pasadena California will visit Monroe for a week long Nazarene convention. He will preach each evening at 7 30 in the Nazarene tabernacle on Thomas street. The 70 plus year old writer and evangelist has many friends awaiting news of his hospital experience.
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