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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 18, 1925
Page
11
Cotton futures in New Orleans opened steady with January at 18.57 and December around 18.70 as traders noted gains early on but pared them later. Prices hovered near the highs before easing, with market activity driven by cautious weather and a projected weekly mill takings report.
New York cotton futures opened steady and moved within narrow ranges as Liverpool selling and private ginning rumors influenced prices. March and May contracts rose earlier but gains faded with traders covering and liquidation, leaving markets mixed and light demand despite renewed activity.
Weekly cotton statistics show 75 000 bales forwarded to mills with 54000 American. Stock totals 722 900 bales including 427 000 American. Imports 91 00 American 66 000. Exports 8 000 American 1 000. Spot prices steady with American grades listed. sales 5 900 including 2 000 American. Futures closed steady with December 9.56 and May 9.68.
Chicago wheat prices eased early as traders weighed improving southern Argentina offers and a government stance on final crop estimates against official forecasts and lingering doubts about Argentina’s latest yield. News flow focused on crop prospects and potential policy actions shaping demand.
Lieutenant Commander Charles A. Lockwood, briefing the naval board at Charleston Navy Yard, ruled Captain Diehl of the City of Rome lied about the S-51 collision off Block Island. He said the S-51 was not at fault and called the City of Rome a blind ship with poor lookout and conduct.
Theodore F. Terzia confirms a $10 000 extended budget for the Chamber of Commerce as new members and subscriptions pour in at the organization’s office. H C Ulrich plans a New Jersey holiday trip, the Reno infant buried in Catholic cemetery, an auto truck fire west of West Monroe damages the vehicle, and taxes in West Monroe show progress with $1885 46 collected toward a 34 352 78 levy. delinquency penalties of ten percent to follow after January 1.
The Senate Public Lands Committee reported favorably a bill by Senator Harris to relinquish title to 1 820 acres in Jackson County Mississippi claimed by the heirs of J B Boudreau. The Interior Department prepared the measure to straighten out the disputed title.
Opening prices slipped 1 4 to 2 1 2 cents with irregular changes. Wheat guided corn and oats, which sagged then rallied. Oats opened level to 1 4 cent down, with a later slight advance after deliveries. Provisions firmed on higher hog quotations.
Chicago markets show butter receipts 1 087 tubs with various grade ranges and eggs receipts 8 252 cases with mixed first and refrigerator prices. Poultry supplies include 6 cars alive with fowls 18 to 24 cents per pound and turkeys quoted at 40 cents per pound along with ducks and geese varying by weight.
The House appropriations sub committee heard testimony that a prohibition agent stayed a month at the Mayflower hotel entertaining women at dances and buying whiskey to appear a “real sport” while collecting evidence against two hotel employees, Jules Venice and Ernardo Brazi, who were later acquitted. An expense report totaled $963.90, and the case prompted questions about conduct and enforcement.
Ouachita parish health unit says prompt action averted a severe diphtheria outbreak at the Louisiana Baptist Children's Home. Of 170 residents, 29 carriers were identified after isolation and immunization. The two diagnosed patients, a child from Memphis and Mrs. F C Flowers, are improving.
The 325 million tax bill awaited final passage in the House after eliminating most amendments. Managers expected a strong vote to send the measure to the Senate as it trimmed the passenger auto tax from five to three percent and adjusted related levies.
Elizabeth Williams of West Monroe leads in Ouachita parish seal sales with 1100 sold. Reports from multiple rooms show strong totals including Barkdull Faulk and West Monroe entries. Top 25 sellers to continue selling tags. prizes include picture show tickets and a surprise for all participants. Championship lawn tennis by artificial light noted at Queen's Club, London.
Public notice lists a bus waiting room located at 208 South Grand with telephone contact 772 for inquiries. The item outlines location details and a point of contact for further information.
Colonel J H Carson toured Monroe Louisiana for several weeks praising its charm and friendship. He recently left for Houston and plans to return. The Wide World magazine features his tale Lone Star Kid reflecting his life and travels.
An Pan American Petroleum and Transport official says the company will boost crude oil production in Mexico to 140000 barrels daily next year and maintain that level indefinitely, up from the current 115000 barrels per day.
The senate military committee today favorably reported a bill transferring title to the right of way through Camp Knox military reservation of the new Dixie Highway from the United States to the state of Kentucky.
A new folder promoting the Dixie Overland highway cites it as the shortest coast to coast route by 500 miles and marks the full course from Savannah Georgia to San Diego California with federal highway markers. The pamphlet promises scenic beauty and fishing and hunting along the route through Monroe. The Lone Star route via Monroe will also receive government markers soon two.
Theodore Koerner, a New York telephone company adjustor, wounded his wife in a Brooklyn apartment after she refused to help with a crossword clue. He then shot himself as she fled. Mrs Koerner was in critical condition hours later. He had prior nervous breakdowns and was on sick leave.
The president of the senate and the speaker of the house authorize action on the offer as conferences with planters of the Negroes province seek views on gate access to centrals. Officials note centrals cost more than the purchase offer due to wartime material prices and depreciation of equipment.
URANIA December 18. A plug is being drilled and tests started at the Zeigin No 1 well in M H King section 13 10 1E. Six inch casing was set at No 4 Urania section 26 10 1E. Six inch casing to be set today at Natural Fuel Gas No 1 Urania 24 10 1E. Derrick erection completed at Keene and Walls No 2 Urania 24 10 1F. Ohio Oil Company active in the field.
The Alexandria Oil Company reports surface casing completed and drilling resumed at No 1 Urania with a 24 10 1E designation. Drilling also resumed at No 2 Urania Ie 10 2E after casing was set.
The United States has been invited by the League of Nations to participate in preliminary Geneva disarmament talks. An accompanying Berne document outlines preparatory work and a full US reply by President Coolidge and Secretary Kellogg will await its arrival. A large technical staff would accompany any American delegation to study land sea and air armaments.
Manila December 18 AP reports formal offer of about 130 million dollars for six sugar centrals controlled by the Philippine National Bank was submitted to the bank's board of control by Hayden Stone and Company. The board includes the governor general and other officials.
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