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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 24, 1929
Page
10
Cotton markets in New Orleans on December 24 show holiday trading with narrow fluctuations and a net advance of 4 to 6 points. Prices lifted midday with January around 7.07, March about 17.25, and May near 17.50 as spot houses supported buying while export totals reached 49.84 bales.
The cotton market showed quiet trading with early advances on covering and trade buying followed by setbacks from liquidation. Near months held steady as traders shift from January to later months in anticipation of notices next Thursday.
New Orleans reports moderate cotton trading with prices steady and up to 15 points higher at times. The New York Cotton Exchange bureau cuts world production to 25,545,000 bales from 25,422,000, citing reductions in American and Indian crops and improved dry goods demand. Market sentiment remains cautiously bullish as January liquidation winds down.
Liverpool reports dull spot market with steady prices for American grades. Sales total 2,000 bales including 1,400 American, receipts 24,000 with 19,600 American. Futures closed quiet with December 9.08 and March 9.25, May 9.35, July 0.41, October 9.39.
Associated Press reports call money firmer at 6 1 2 per cent for the day in New York. Time loans show varied rates across maturities with prime commercial paper around 5 5 1 2 and bankers acceptances firmer at key tenors.
In New Orleans on December 24 cotton seed oil closed steady with prime summer yellow at 770 and prime grade 687 1-2, with several months listed up to December 173. Option expired at noon. In New York on December 24 seed oil closed firm with prime summer yellow 8.45-8.70 cents and prime crude at 6.87 cents, with monthly bids shown and sales totaling 2,900 units.
Butter remains steady in Chicago with receipts of 10 361 tube and no price change. Eggs stay steady as well with receipts of 3 42 cases and unchanged prices.
USDA notes show potato receipts at 57 cars with light trading. Market firm on northern stock, weak on Idaho and Wisconsin. Around round whites priced about 24 to 20 cents per pound.
The New York stock market rose modestly as bears covered and many active issues gained 1 to 7 points. Leaders included International Combustion, Atchison, General Electric, Allied Chemical, and Wright Aero with volume light near year end.
New York stocks show General Electric gaining five points while bonds are irregular and rails are firm. Utilities rally on covering, foreign exchanges remain heavy with the French franc at a new high and the Spanish peseta at a new low. Cotton and sugar hold steady with Cuban support, coffee climbs as Brazilian markets strengthen. Chicago wheat shows bullish official Argentina estimates, corn remains firm amid unfavorable weather, and cattle hogs move higher.
Argentina releases an official crop estimate that boosts wheat by about 5 1 4 cents per bushel in Chicago. Prices opened higher and stayed near the top, with corn oats and provisions also firm. Wheat settled with a small gain while corn and oats advanced and barley showed little change.
New York sugar markets opened with little change as traders covered positions and adjusted for year end. Front month January rose briefly on covering before easing, while refined and granulated sugar held near unchanged levels with light offerings and moderate withdrawals from old contracts.
Chicago market summary shows hog receipts 20,000 with werther demand and prices from 9.50 to 10.00 for 130 160 lb hogs. Cattle receipts 6,000 with steers 1300 1500 lbs at 12.75 to 14.50 and 1100 1300 lbs at 12.00 to 16.00. Vealers milk fed 13.00 to 16.50. Sheep receipts 7,000 with fat lambs 13.75 to 14.25 top 14.35 and ewes 4.50 to 5.75 for 160 lb to 600 lb consignments.
Miss Doro thy Minard of Monroe guests of her parents over weekend. Visitors include Dr. and Mrs. H S Holloman and Mrs. T E Brantley in Monroe and Olla. Shreveport and Huttig residents visit relatives while several families share Christmas holidays in Rochelle and Clarks.
A New York tourist notes Parisian style shifting away from beige toward black and white combos. Hats lean toward larger shapes later, with soft lines and novelty feathers dominating. Veils gain tentative acceptance while pearls in graduated strands suit the suntan trend and ensemble colors.
Owensboro Kentucky Dec 24 Martin Daley 24 says he can locate oil by examining sediment in kettles pots and pans He predicted oil at the J D Walters farm and an oil company struck petroleum at 1400 feet This shifts local beliefs from doodle bugs and rock hounds to tea kettle readings Buffalo New York Dec 24 health commissioner Francis E Frenczak advises shock absorbers on ash cans to spare nerves and suggests matting placed on sidewalks to dampen noise but mats should be permanently fixed to cans to prevent theft
Poultry alive remains steady in Chicago as receipts total three cars with prices unchanged.
In Chicago on December 24, David Kanen and Walter Linguist were fined five dollars and costs for snoring. Mr and Mrs Arthur May claimed there should be a limit on late night noise and pressed the case after repeated disturbances.
Linquist and Kanen appear before Judge Max Luster as the court jokes about bathroom delays and snoring. The judge rules on disturbing the peace with a fine of 5 plus costs and appoints guardians for the pair to stop snoring with swift intervention.
Joe Madar nell, 22, missing since last Thursday, was found dead today in a ravine near Phillips University in Enid Oklahoma. He worked as a chemist at an Enid flour mill and resided in Celina Texas. Sheriff Baker said no evidence of foul play was found.
Beginning at 7 30 o clock Friday evening December 27 a revival at Brezeale s Temple here will begin with Rev J W Lee of Grayson assisting the pastor Rev I A Patton A feature of the initial service will be a special song entitled The Hell Bound Train.
AP reports 1929 saw a strong war theme in fiction led by All Quiet on the Western Front and A Farewell to Arms. Remarque and Hemingway are highlighted alongside Cabell Glassgow Hergesheimer Dreiser and Edith Wharton. Nonfiction and philosophy rise as signs of intellectual growth.
Leland Malone Calhoun aged eight, son of Mr. and Mrs. Lonnie Malone, died after being run over by a car in front of his home Friday afternoon. Funeral services were held Sunday afternoon in a local cemetery. He is survived by his mother, father, and brother Doyle Malone.
Mrs Dora Bostic 43 wife of M D Bostic of Holly Ridge died at 9:30 a m today after a brief illness. She leaves four sons and five daughters, the youngest 6, and her husband. Funeral at Peters funeral chapel tomorrow at 1:30 p m with interment in Masonic Cemetery Rayville.
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