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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 24, 1923
Page
6
New Orleans December cotton futures opened steady with early gains of 10 to 21 points before drifting. December and January contracts rose modestly while spot cotton held steady with prices near 34.90 to 35.25. Receipts reached 6 756 bales, stock 284 097.
New York cotton futures ended steady as December opened at 36.30 and later traded around 36.05 to 36.30. January and March shifted modestly with Liverpool cables described as firm yet the market remained quiet with reflected liquidation in December. Prices at 11:45 a m showed December 36.04, January 94.79, March 86.18, May 35.30, July 34.51 asked.
Liverpool notes mixed demand with steady prices for spot cotton. Good middling to ordinary grades shown, total sales 4 000 bales including 2 500 American, receipts 9 000 bales with 8 300 American. futures closed steady with several month quotes listed through December 1924.
Wall Street reports a morning session featuring Eugine and selling of specialties with standard industrial and railroad stocks showing movement. The brief notes notable activity across key sectors as traders assess early demand and price shifts.
Trading showed little change with oil, motor, merchandise, tobacco and food shares leading demand amid favorable trade news and earnings. Marland Oil rose to 21 4, Cluett Peabody hit new yearly highs, while Omaha, Chicago and Northwestern and American Sugar Refining preferred lagged at year lows. Gall Money opened at 4 34 percent.
Butter prices rise with creamery extras at 5 1 2 percent and standard 50 cents. Eggs higher as receipts reach 5082 cases with firsts around 40 and ordinary firsts about 32 35. Poultry alive values hold steady with fowls near 18 19 springs 18 1 2, roosters 12 1 2, geese 26, turkeys 24.
Cash grain market opened lower with bearish sentiment and expectations of a competitive basis with foreign buyers. May wheat fell to 106 1 2 to 106 5 8, July 105 1 8 after an initial 1 8 cent dip, with December off near a penny and oats easing alongside. Hog price gains provided a brief lift to provisions.
The Birmingham News reports Alabama will abolish the convict lease system at an early date. Negotiations between the state convict board and coal operators are under way and expected to lead to a change. Participants include Hugh Morrow and W Asa Gibson of Sheffield Steel and Iron, L A Boyd of the convict board, and Roy L Nolan. Governor Brandon supports the move and the board favors state operation of mines with coal sold to mine owners.
President Coolidge announced Christmas pardons and commutations for eleven men in federal prisons. The actions include sentence reductions for Noah Landrum and Louis Grimstad, commutations for Max Rosenbloom and Philip Grossman, and pardons for Willys Swofford and Alvin White among others, with transfers and Health related considerations noted.
Morehouse Natural Gas Company secures a charter amendment to deliver natural gas to Bastrop from wells controlled by Henry C. Morris, trustee. The company capital is fixed at 100000 dollars with stockholders Henry C. Morris of Dallas H F Madison and L W Burrow of Bastrop. Morris owns numerous high producing wells in Morehouse parish and the syndicate is a leading force in Northeast Louisiana development.
Tonight closes the Goodfellows drive for 1923. The fund, while modest, will bring cheer to many homes seeking aid and enter stark but hopeful quarters of Monroe. Final contributions total 878.60 from numerous individuals and groups including Frank Martin family 3.00 Mrs. Mary Rostro 3.00 W L Stevens 3.00 J C Moore etc.
Story from Monroe reports an Oklahoma man McAllester and his wife with three children stranded in mud while trying to reach the Gulf Coast for Christmas. Good Samaritans in Louisiana help them with shelter and care, promising a memorable holiday.
Pilip E. Fox former Ku Klux Klan editor and publicity chief convicted of murder for W. S. Coburn’s slaying. A motion for a new trial was filed in Fulton County Superior Court with a March 2 hearing set. Fox remains jailed as the motion proceeds and Mrs. Margaret Weaver, listed as an accessory before the fact, faces possible January action.
Under Bastrop Civic Club auspices a community tree stands on Morehouse parish court square. Tonight at 7 30 ovelock the Bastrop town will celebrate with lights candy and fruit for children Santa Claus will attend to distribute treats. Hundreds of children benefit from local generosity as part of a region wide Yuletide celebration with other towns joining in.
W. A. Wall of Little Rock Arkansas geologist and state research agent inspected property in North Caldwell section. He represents a group of capitalists who will invest heavily in Caldwell parish near the Ouachita parish line and drill several gas wells in virgin territory.
Henry M. Robinson of Los Angeles, lawyer and banker, was chosen as the third American on the expert committees to study Germany’s finances under the reparation body in Paris. Dawes and Young previously served. Robinson led the First National Bank of Los Angeles and held roles at the Paris Peace Conference and the international labor conference.
Potatoes steady in Chicago market with receipts totaling 33 cars and U S shipments 32. Wisconsin sacked round whites No 1.95 1.10 bulk 1.00 1.50 Minnesota and North Dakota Red River ship s No 1 partly graded 1.15.
Washington Dec 24 The civil Service today certified as eligible for postmasterships at Alexandria La Roy M Lisso James L Treadway and Leo A Turregano
Classified notes from West Monroe page include lost hat reward for L C Roberts at News Star, home address 24-31. rent ad for furnished room at 200 Layton Avenue with phone. boarders wanted at South Second and Ludwig. sale ad for a lunch room store next to City Drug Store. equipment list for sale including coffee urn, counter, show case, refrigerators, ranges. lost brown spotted bull puppy with tail cut and reward to H Kuhn at Monroe Furniture Co. 24-11.
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