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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 16, 1930
Page
12
New Orleans December 16 cot ton prices moved erratically with early gains fading as stocks fell and silver dropped. January fell to 9.33, March to 9.58, May to 9.82, after rallying on late news with gains of 8 to 14 points. Exports reached 36,015 bales.
An early buying surge in cotton, aided by steady Liverpool cables, gave way to declines as stock market action and Carolina bank closings prompted selling. Prices fell from early highs with March and May futures retreating before steadying on renewed covering, market quiet by mid afternoon.
The cotton market shows wide swings with prices up more than 15 cents a base at times and then dropping over $1 per bale as stock weakness and rumors of lending changes influenced trading. Officials deny reduced lending while hints of Federal intervention spark late-day covering and a strong close, suggesting acreage reductions and rebalanced supply before next season.
Members of Maccabees tent 4 will elect officers Tuesday night at Woodmen hall here. After the election and business, a banquet will follow with M. J. Bulger, former great commander of Louisiana Maccabees, in attendance.
The Liverpool market shows quiet cotton trading with lower prices and a mixed American mood. Prices for various grades are listed with 3,000 bales sold including 2,100 American. futures closed quiet and steady with several near term and future prices noted.
In New York stocks weaken as leaders submit to renewed liquidation. Bonds show irregularity while rails and utilities hold steadier. Curb markets soft, oils drag overall. Foreign exchanges erratic with the Spanish peseta firm. Cotton nearly steady amid southern bank failures. Sugar and cables ease. coffee declines amid selling. In Chicago wheat and corn slide with weak foreign markets. Cattle and hogs uneven with prices lower.
Wheat and corn fell early with government agencies steady. July wheat slipped below 70 cents as corn opened flat to 4 cents down and then retreated. By close corn dropped 21/4 to 25/8 cents, wheat 0 to 13/4 cents lower, oats down 11/2 to 2 cents, provisions steady to 15 cents lower.
Sugar futures opened with declines as buyers and sellers waited for new developments. A 14000 bag Cuban shipment from store was confirmed at 335 delivered. January deliveries eased to within 11 points of the season low, then rallied to a steadier tone at noon with 5 to 6 point gains. Refined sugar held at 465 for fine granulated.
Chicago December 16 Poultry prices remain steady across alive 3 cars and 2% trucks with no changes noted in the market report.
New Orleans December reports show cottonseed oil closing barely steady with a range of prices for prime summer yellow and crude. Futures for months from January to December move between 5.87 and 7.42 dollars per unit, highlighting steady demand.
Cottonseed pricing and market notes in New York report mixed values for open and closed trades. The listing shows varied cadectorous and crude rates with multiple figures and codes, alongside late December sales and old contracts data.
The annual election of officers for the Woodmen of the World is set for 7 30 tonight at the Woodmen's hall on Jackson street. Refreshments will be served after the meeting.
A copper still seized in a liquor raid was donated by the police to the Monroe Welfare Association and later sold to a scrap dealer. The welfare group, aided by Brooks Mays piano dealers, adopted a large family for Christmas providing food clothing and toys. The family has six children aged 6 to 17. Mrs A H Salisbury also donated a box of new underwear to the welfare office on the city hall second floor.
The New York stock market fell as heavy commodity prices pressed down the list. Prominent shares traded at new lows with Standard Oil of New Jersey leading losses and copper prices retreating. speculation tied to weak gasoline demand and earnings outlook.
In Ouachita Parish Fourth District Court a writ of seizure and sale directs sale of Set Number Thirteen in W R Gordons Subdivision of Stubbs Youngs Bayou Addition Monroe. Property seized and offered at the western front door of the Monroe Court House on December 20 1930 in cash with the sales credit to the highest bid and subject to a mortgage by Monroe Building and Loan Association.
In Monroe Louisiana on December 9 1936 the City Council held a legal and regular session with the mayor presiding and all members present The minutes of November 13 were approved Ordinance No 2647 by Mr Atkinson authorizes issuing certificates to pay for property abutting Lee Avenue and pledges general revenues for repayment The mayor and treasurer are empowered to act on the ordinance details
Firefighters extinguished a small blaze at a vacant frame building of 1216 DeSiard Street Tuesday morning. Minor damage occurred. The incident is believed caused by trespassers sleeping in the structure.
The notice warns residents to pay 1930 poll taxes within 12 days to be eligible for January 1932 elections. Voters who paid 1929 tax and registered or who register 3 days before election may vote in 1931 city polls. Sheriff’s office sees year end rush. late payments lose eligibility.
The Monroe recreation department announced plans for a new Central playground to be inaugurated next year. Miss Lucyle Godwin, director, said approval came at a department meeting and was granted to use the city high grounds by Prof. E. L. Neville, principal of Monroe City High School.
The Monroe city council adopts a plan for nine $1,162.75 certificates dated November 20 1930 to finance paving assessments on Lee Avenue property incl Ouachita Cotton Mills Adda Lida Benton School lot Riverview Cemetery. Each certificate bears 6 percent interest and matures over nine years with annual interest payments.
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