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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 23, 1927
Page
10
In New Orleans on December 23 the cotton market rose about 1.50 a bale before pulling back as traders realized profits ahead of Christmas. January notes near 19.28, March 19.47, May 19.52, with futures closing 25 to 27 points higher. spot cotton steady at the close with sales of 1,867 bales and a stock of 520,435.
Relatively steady Liverpool cables and signals of better demand for cotton goods push futures 25 to 30 points higher. Little southern selling keeps prices near late session highs with front months trading near the best. Openings for January March May July October listed with quoted ranges.
Liverpool spot cotton remains steady with American and other varieties trading. Sales total 8,000 bales including 5,300 American. receipts 14,000 with 5,400 American. Futures closed steady with December at 30.42 and other months around 10.40. Weekly statistics show American imports and exports led by American figures amid overall totals.
New Orleans reports cotton prices up with gains up to 1.50 per bale as trade buyers and coverers push markets higher. Interior points show strong spot demand while New York drygoods sales rise and weekly visible supply falls. exchanges close for Christmas until Tuesday.
Associated Press reports call money in New York firm with highs at 5 and lows at 4 1 2, ruling rate at 4 1 2, closing bid 5. Time loans steady with mixed collateral for 60 to 90 days at 4 1 8 and 4 to 6 months at 4 1 2, prime mercantile paper at 3 3 4.
Stock prices in New York advanced modestly as traders wound down before the holiday. Call money rose to five percent amid currency withdrawals while insurance shares weakened after earlier gains. Copper and select industrials led gains with General Motors and Pittsburg Coal showing late strength. Rails were quiet though steady in several majors.
Chicago markets showed selling by northwest linked houses easing wheat values while Liverpool prices remained firm on Argentina shipments. Corn oats and provisions fell with corn down 13 to 25 cents, wheat slipping 4 to 13 cents, oats 1 to 4 cents, and provisions mixed near end.
Poultry market reports steady demand in Chicago with receipts of five cars. Fowls bring 22 cents, springs 24, turkeys 30 to 45, roosters 18, ducks 13 to 14 and a half, geese 19 to 24 cents per pound.
In New Orleans on December 25 Associated Press reports Cotton seed oil closed steady with prime summer yellow at 9.50 crude 8.75. Futures showed January 9.56 February 9.72 March 9.95 April 10.03 May 10.18 June 10.28 July 10.40 September 10.60 and November 0.50, going out at noon.
Butter prices rise with higher creamery butter at 49 3 4 for creamery extras and 47 48 for extras. Firsts 42 44, seconds 38 40. Receipts total 5 356 tubs. Begs steady with 6 729 cases received.
Fashion Shop at 108 St. John Street announces an after supper sale of frocks. Prices include $10.00 for some items and selections at $16.75 $17.50 and $19.75. Sizes range from 16 to 44. Corner near Ouachita Bank.
About 160 of 200 Plant high students in Tampa walked out over a one week Christmas vacation. They apologized and returned to classes. the school board will judge after the holidays. Principal Milton W. Carothers said disciplined actions await nonreturning strikers. Leaders called the walkout a lark while accepting punishment.
Louisiana report notes Christmas poultry in cold storage is smaller than a year ago with 84.758 million pounds total. Turkey stocks total 5.237 million pounds, down from 5.912 million last December. Butter and creamery butter stocks are higher, cheese and eggs lower, and barreled apples are less than half of last year.
Science and business combine to write RCA history since its 1919 organization to control radio communication. RCA holds a near monopoly in international radio, operates ship to shore systems, and manufactures and sells radio gear on a large scale through its network. It earns most receipts from licensing with many manufacturers and has paid dividends on preferred stock since 1924.
Rena to Donati shattered the world altitude record by reaching 11827 meters 38792 feet in an AC 3 plane with a 600 horsepower Jupiter Rome motor The flight lasted 40 minutes ascent and 36 minutes descent following a previous Italian record of 9743 meters 31957 feet set last July
In Wichita Falls Texas on December 23 Judge William H Atwell refused Edna Miller of El Dorado Arkansas her claim to oil property near Wichita Falls valued over 2 million dollars. The suit named Magnolia Petroleum Company and more than twenty defendants after an equity trial that lasted a week and centered on land alleged to have been sold three years earlier by the late William Murray to individuals who then sold to the Texas company.
The Anti Saloon League announces it will pay legal costs for wives who go without a Christmas dinner because their husbands drink at speakeasies, enabling suits against bootleggers.
Christmastide runs from December 24 Christmas Eve to January 6 Epiphany. The tiniest Christmas trees require four or five years to mature before use.
F W Updegraff construction engineer in charge of a Ford Bacon and Davis compressor station near Baton Rouge remains in grave condition after a car crash. His wife, driver of the vehicle, is shaken but unharmed. Dr. J B Vaughn arrived from Baton Rouge to treat him. Updegraff, English born, has authored travel and engineering books including Head Hunters of the Amazon.
New York commodity markets including the cotton coffee and sugar exchanges will close for a three day Christmas recess from tomorrow through Tuesday. The New York Stock Exchange will close on Monday and not observe the Saturday holiday.
Deputies at the sheriff's office recovered John M. Breard's Buick coach stolen last Wednesday. The car was abandoned on a by-road about one mile from Monroe.
In Bucharest on December 23 the weather is wintry with temperatures dropping to 30 below, hindering outdoor gifts and celebrations, as the little king awaits proper Christmas conditions to enjoy seasonal delights.
Ladies invited to a 7 to 9 P M frock sale at Fashion Shop 108 St John street near Ouachita bank. Frocks available sizes 16 to 44 priced from 10.00 to 19.75 with plenty of styles to choose from.
Aaron and Pipes attempted to cross the river from the Union side when their boat leaked or capsized. Eubanks and M S Dixon searched after Aaron disappeared. Sheriff Milton Coverdale identified a lighted vacant car as Windsor Pipes and the Pipes family arrived at the scene, while Pipes was recently named cashier of the Collinston State Bank.
The motor boat thought to hold the missing pair was found about 100 feet from the Ouachita bank as emergency crews led by Dr. H. E. Carney and others conducted a dive for bodies. Aaron and Pipes were aged about 22 to 25, with Fred Stovalls, diver, joining the Monroe expedition at 7 p.m.
A tee-totaler Colonel Lindbergh has inspired several cantinas to be named after him and many working class Mexicans, new to cocktails, are drinking "Lindbergh cocktails" in small grog shops where native drinks were once dominant as leading cafes begin to disperse.
As Lindbergh arrived, patrons imitate the aviator by naming cocktails Lindy and changing ice cream and soft drink parlors to Lindbergh palace or similar designations in his honor.
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