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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 19, 1928
Page
7
Cotton trading was tepid in New Orleans as Christmas holidays and ginning estimates kept traders away. Futures closed quiet with net declines of 6 to 11 points, spot cotton down 9 points, and several months showing prices around the day’s lows.
New York November 19 The cotton market was quiet with prices lower due to southern selling and liquidation aided by easy Liverpool cables and uncertain ginning figures. Futures closed 4 to 10 points lower while spot middling held around 20.45 with distant opening quotes for January March May July October and December contracts.
New Orleans cotton markets closed steady with slight gains. Trading centered on liquidation ahead of tomorrow's census opening and affirming favorable domestic reports. Certificated stock rose modestly in New York and Galveston, with foreseen ginnings around 13 200 000 bales.
Livestock prices from Chicago show hogs around 30,000 head opening steady to 10c lower and later 10 to 15c lower, cattle 11,000 with calves 2,500. fat cattle and yearlings weak to 25c lower, other classes steady to 25c higher, milk fed wealers 12.50 to 14.75. sheep and lambs slow with lambs 13.75 to 14.75 and ewes 5.50 to 8.00 lower.
Associated Press reports Liverpool cotton prices slipping with American grades showing lower values. Trade volume 5,000 bales including 3,900 American, receipts 12,000 with 2,200 American. Futures closed quiet spot Dec through Oct quotes listed.
Walter L. Templeton son of the late John Templeton died Monday at noon after an illness. He is survived by his wife his mother three brothers Lawson Elmer and Dick Templeton and one sister Mrs A C Holly. The funeral was held at the Baptist church Tuesday at 2 30 p m with burial in the Jonesboro cemetery.
Stocks advanced in spite of stringency in call money as buyers spread orders across copper, steel, autos, farm implements and related shares. About two dozen issues gained 2 to 5 points, several 6 to 36. Wright Aeronautical rose on aircraft engine production news. National Bellas Hess and others posted new year highs or gains while some issues slipped.
Chicago grain markets rally briefly on the U.S. crop report but retreat as prices ease. Wheat closes up small with mixed gains for corn oats and provisions. futures show modest shifts across futures listed including No 3 Yellow, rye and barley values.
Chicago December 19 report shows butter unsettled with 4 144 tubs and various creamery grade prices. Eggs rise with 4 682 cases and multiple grade figures for extra firsts and firsts across market segments.
Poultry alive and dressed receipts totaled seven cars with fowls numbered 25, springs 27, roosters 20, turkeys 20 36, ducks 17 241-2 across the market.
Leonard W. Campbell formerly of Many Louisiana and fourteen others are held by El Dorado authorities for crimes in the area. Campbell faces a burglary indictment for looting the T S Nelson store at Bolding Arkansas about six weeks ago. The Union county grand jury returned nineteen true bills including two secret indictments linked to the Bolding robbery. Loot valued at 55 dollars included shotguns and merchandise. The other gang members, including four women, are not yet charged. Streeter fights extradition while the others remain in El Dorado.
Herbert Hoover travels aboard the Utah from Montevideo to Rio Janeiro, expected Friday. A grand welcome is planned with illuminated Avenida Dio Branco, display of Stars and Stripes and Brazilian colors, and a full program of entertainment before his Christmas Eve departure. A motor trip to Petropolis is planned and a large delegation from the Sao Paulo American Chamber of Commerce will greet him.
Seed oil prices in New Orleans show a hardening trend with Prime summer at 9.00 and Prime crude at 8.12. Futures quotes progress monthly from January at 9.06 through December at 6.00.
The report shows firm cottonseed oil values with prime summer at 10.00 to 10.50, prime erude around 8.12 to 10.31, and several monthly figures from January through March. It notes price ranges, a BSP reference, and a total sales figure of 7,200 units.
Government bonds closed with Liberty 3 1 2s at 99.12 and Treasury and 4 1 4s trading around 110s to 111, reflecting varied yields. The 1st 4 1 4s moved to 100.5 while 4th 4 1 48 stood at 190.11 amid mixed demand.
Call money in New York on December 19 shows firmer rates with all loans at 7 and closing bids at 7. Time loans mixed collateral advance to 69 days, 73-4 for 90 days, and 71-2 for 4-6 months. Prime mercantile paper at 51-4 to 61-2. Bankers acceptances unchanged.
The tri motor army monoplane Question Mark resumes its journey toward San Diego with refueling stops at Maxwell Field and Shreveport. The flight aims to test endurance limits of transport planes beginning New Year’s Day, with final legs toward Dallas Midland Tucson and San Diego led by Captain Ira Eaker and Major Carl Spatz.
Alvin Gray, 48, jailed in this parish since 1925 for criminal assault, escaped after serving three years and two months since his arrival on November 2, 1925. Former Winnsboro Road resident, about 5 feet 2 inches tall and 140 pounds, listed as timekeeper on prison record.
The Fast Baton Rouge parish league of women voters will meet this afternoon led by Mrs. E Powers to adopt a resolution protesting the planned hangings of Ada Bonner Lebouef and Dr. Thos F E Dreher for the slaying of Lebouef’s wife. The resolution targets the state board of pardons ahead of its New Orleans session to review new evidence involving a pistol linked to Lebouef.
Senate naval committee heard objections to a House bill provision permitting the leasing of the U S Navy dry dock at New Orleans. Drydock operator Ernest Jahneke warned of unfair advantage to bidders, while J E Barnes of Todd Shipyards argued government losses and the need for Gulf port competition.
At 6 45 a m today two cars collided at the Plum and Jackson streets intersection. Driver T P Thompson of 103 Georgia Street crossed Jackson as Jim Allen drove north on Jackson. The first auto lost its right rear wheel and windshield while the second received only slight damage.
Max Stempian of Greenwich Connecticut is believed to have killed himself after a toothache. He visited a local dentist in Portchester New York for treatment but found the dentist out and was later found hanging by a belt from a coal yard rafter. He leaves a wife and seven children.
Tennessee health officials report 2,860 influenza cases and nine deaths across 33 counties for the week ending December 15. Dr. E L Bishop notes overall drop from expectations with urban areas easing while rural areas see a slow rise.
The U S circuit court of appeals in New Orleans upheld 15 month sentences for Dr. William Lee Robinson Dr. Eugene J Irvine Robert A Blaine Jr and Thomas F Culwell all of Dallas Texas for violations of the prohibition law as reported in New Orleans on December 19.
A preliminary draft treaty on arbitration by the Pan American conference proposes compulsory arbitration for justifiable international disputes. Exemptions include financial claims against governments, domestic affairs, immigration and tariff matters, and national legislation except border issues. Parties may choose their tribunal. if they fail, Hague 1907 procedures apply.
The League of Nations plans renewed efforts to reduce world armaments including naval forces once Herbert Hoover is inaugurated and the United States approves provisional plans. A Geneva committee of experts will meet March 11 to discuss armament control with an April disarmament round to follow after Easter.
G L Jarnagin a 19 year old Laurel youth is jailed in Mississippi on federal charges for passing counterfeit currency. He allegedly passed a crude one collar bill to Albert Cox a blind fruit vender who gave ninety cents change. Jarnagin says he made the imitation as a prank and denies the charge.
The body of C T Bowden a 30 year old planter was found on the Bear Tai creek bank near his home with shotgun wounds to the head. A coroner's jury ruled death by own action after Bowden disappeared yesterday afternoon prompting search efforts.
Eight doughboys who were imprisoned for misdeeds but have shown good conduct will be granted Christmas clemency. Names are withheld. Three will be freed at Fort Leavenworth, three at Alcatraz Island, and two at Governor's Island. recipients will be told at dinner next Thursday.
Herman J. Exterstein the 46 year old president of Los Angeles largest trucking company died after a long heart disease illness. He came to Los Angeles ten years ago from New Orleans where he ran a cotton brokerage with his brother. He was a well known clubman in the city.
The hunt for Hyman Gillie Biller tied to the Arnold Rothstein slaying shifts to the United States after Detective Sergeant James Garvey concludes Biller fled Havana. Havana and a special police unit searched 48 hours for Biller or “Harry R Billen” at the Plaza hotel. Garvey will pass through Miami St Augustine and Savannah as the chase continues.
Six miners escaped to the surface after a blast between two work groups about 4000 feet from the entry. Those imprisoned include Cleveland Bolin and Vermont Nelson machine cutters Roy Ezell motorman James Sullivan night foreman and inspeed er Arthur Davis and Leonard Epley coal diggers.
Senator Borah presented the treaty and a separate resolution, placing the pact on the executive calendar with the resolution. Both measures await scheduling, but the exact time for action remains undecided.
A 1928 fund drive appeal urges donations from local residents. List of recent contributions totals 710 dollars and 92 cents, including gifts from Anette and Shirley Courtney, J. Sealia, A. Cochran, Mr. and Mrs. Trammell, Epworth Junior Society, and the Worthington children, among others.
Memphis salesman Henry J Wilson describes severe constipation and weight loss to 98 pounds. He reports rapid improvement after starting Sargon and Sargon Soft Mass Pills, gaining weight, better sleep, steadier nerves, and regular bowel action. Availability listed at local pharmacies in Monroe and West Monroe.
A night watchman at a Monroe training institute drank bella donna by mistake and suffered dilated pupils and throat burns. He recovered after being treated at the sheriff’s office following police discovery near the Missouri Pacific station. The man, a three month employee and nephew of W. K. Shannon, had confused cough medicine for a similar bottle.
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