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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 29, 1923
Page
6
Cotton futures closed lower with January at 35.63 cents and May around 35.55 as traders noted mill closings in Georgia. Spot cotton eased 50 points. receipts reached 4,133 and stocks stood at 287,634. Wheat and corn mixed while hogs supported the grain and livestock markets in Chicago and Kansas City.
Rayville officials plan a January meeting to decide on a proposed gas pipeline from Monroe field to Rayville. Billings & Co. completed surveys and cost estimates for routes between Monroe wells and Rayville, with a special election likely within 30 days after the council acts on the petition. The project may cost 90 000 to 160 000 and could run from Swartz.
Cotton futures in New York closed barely steady after opening firm on steady Liver pool cables and strong southern spot demand. March and July prices fluctuated before trimming gains, while reports of mill curtailment weighed. Shipments awaiting clearance stood at about 179,000 bases, up from last year.
Cotton in Liverpool shows moderate activity with steady prices. American middling fair at 22.31 and good middling 21.51 with sales of 3 000 bales, including 1 800 American. receipts 30 000 bales, of which 20 000 are American. futures steady with January 20.83 and December 1924 at 16.28.
Cash grain notes show wheat prices edging higher in early Chicago and Winnipeg trades with May around 106 7 8 to 107 and July near 105 1 2 as the day opens. The market moves from slight gains to a pullback with prices closing strong, up 3 4 to 13 8 cents from the day’s start.
Money markets report irregular foreign exchange quotes in cents on December 29. Rates shown include Great Britain at 433 1 2, France at 513, Italy 422 8 4, Belgium 450 1 2, Germany 0 0 0 2 5, Holland 8802, Norway 1467, Sweden 26.46, Denmark 1772, Switzerland 1751, Spain 1297, Greece 212, Argentina 3200, Brazil 975, Montreal 979 16.
Prices showed a strong undertone in a brief active session with tax selling and profit taking. Sugar shares and several majors fell to new lows while United States Steel rose to 99-1/2 and Phillips Petroleum, Tide Water, Atlantic Refining and Brooklyn-Manhattan Transit preferred posted gains.
Kansas City market totals list cattle calves hogs and sheep with price ranges for short fed steers cows canners bulls veals stockers and feeders hogs and sows weight classes and bid ranges. Chicago receipts and weekly bulk prices follow with beef steers stockers and feeders butcher cows and heifers canners and cutters veal calves and fat lambs yearling wethers aged wethers fat ewes feeding lambs and hogs with price spreads.
Butter unsettled with creamery extras at 54 and standards 50 while extra firsts 50053 and firsts 4447. Egg receipts 3 828 cases. Poultry prices mixed with live birds listing fowls springs roosters geese and turkeys across several price points.
Potatoes mixed prices with white stock strong and early Ohio steady. Receipts 26 cars, total U S shipments 443. Wisconsin sacked round whites 125 145 per cent.
Secretary of State Bailey announces this week the absentee ballots are being mailed to parish clerks ten days before the January 15 election. Direct voting ballots are being printed and a million ballots are prepared for distribution.
Clearing House condition reports for the week reveals a reserve deficit of 8,096,340 dollars, a decline of 23,014,100 dollars. The data reflects the ongoing strain on New York financial institutions including banks and trust companies.
Oil activity spikes in Northeast Louisiana as Palmer and Davidson No 1 flow at about 500 barrels daily with 36 degree gravity. New No 2 and other wells planned as Standard Gulf and Ohio leases surge. royalties paid up to 25 per acre, signaling a potential major development since 1919 El Dorado discovery.
Camden Arkansas reports a Texas company raised crude oil by 15 cents a barrel in Smackover trade. Operators expect resumption of drilling within 60 days, foresee more raises and a brighter 1924 with 200 or more rigs and new tests in Stephens Chichester Ouachita counties.
Dr Edward Rosenow of the Mayo foundation tells the Federation of American Societies for Experimental Biology that influenza and sleeping sickness may be caused by the same germ. He presented findings at the convention in St Louis on December 29.
The parish school board awarded a contract for the P. A. Capdan school building in New Orleans with a project cost of $195,715. The decision was announced on December 29.
Officials from four states hunted J D Moore aged 13 and Miss Ella McLe more 16 of Petal Mississippi who vanished Sunday. They reportedly slipped into Baton Rouge stayed with a sister then left for Hammond. The girl’s father seeks Moore on abduction charges. Two brothers of Ella reportedly headed to Baton Rouge.
Texas Company posts a 15 cent raise on Caddo Smackover Red River De Soto and Bellevue crude oils. Louisiana and Arkansas operators delay matching the increase, while storage inventories suggest supply reasons for hesitancy. Officials anticipate possible meetings Saturday as major independent buyers weigh the rise.
Camden Ark Dec 29 Twenty one drilling permits issued by the State Conservation bureau for the week ending December 22. Permits largely for Ouachita county wells including Penguin Oil Patton 2 and others. The Standard Oil Company Louisiana completed Myar 8 flowing 300 barrels high gravity oil from 2260 feet in section 29 15 16, a top Louann producer.
Mobile Alabama on December 29 reports Sister Pauline, superintendent of the city hospital, received the loving cap as 1923’s most unselfish service to the community, awarded by the Kiwanis club committee.
In Indianapolis December 23 the Student Volunteer movement reports more than 10 000 college graduates have joined foreign mission fields since its three year old formation. The historical summary traces its start in the late 1880s at Princeton University where students began informal study meetings on non Christian countries.
Mrs Edward Pilsbury, recently elected chair of the Orleans League of Women Voters, resigned Friday along with the state league. No reason given. The Orleans meeting was postponed until after the January 15 primary, amid fears of disorganization. Reports say a national league representative may visit to reconcile political rifts within Louisiana's league.
Ohio December 24 Associated Press notes scientists at a League of Nations calendar committee favor a world calendar. Each month would have 28 days and a thirteenth month SOL would sit between June and July. Leap Day shifts to end of SOL with extra December 29 holiday. Sunday remains first day and Easter fixed to a permanent date.
Former President Wilson writes to the Women's National Democratic Club expressing confidence that 1924 will be a year of Democratic triumph and offering birthday greetings to the group. In Mobile a city commission vote approves an ordinance to eliminate jitney buses from the streets.
The Cairo Truman and Southern railroad asked the Interstate Commerce Commission today to authorize an 11 mile extension from Earle Arkansas to the northern line of Cross county.
A three year lease was recorded at the courthouse for the Style Shop Building at Wood and Trenton streets in West Monroe. W. S. Heard owner leased to B. B. Register for $900 per year, covering part of the structure then occupied by O. Hancock.
Five defendants Jos Haslam Jas Dunn JF Smith W M Clark and FT Harris faced drunk and disorderly charges in yesterday's light docket. Judge Schulze imposed penalties of 7.50 dollars each.
Sunday school at 9 30 morning service at 11 Wednesday meetings at 7 o clock open daily reading room 1 39 to 4 30 at Ouachita National Bank building room 615 all welcome to services and reading room use
W S McLemore, father of 16 year old Ella, obtained a warrant for J D Moore 18 of Petal charging kidnapping in Hattiesburg. Authorities in four states search for the couple who friends say eloped. parents say she is being held against her will.
Milford Kansas December 29 Dr W H Ballou a New York scientist says fossil skulls found here are millions of years old and support his view that animal life originated in various regions of the earth and that the Garden of Eden spread across the globe.
New classified ads offer for sale oak furniture including desks chairs and an oak double flat top desk in good condition with cash only. Other listings include a Pine street lot between Sixth and Seventh, contact Cv ents Drug Store in Columbia Louisiana. Additional entries list earcor address J D McGee Monroe La work oxen and requests to rent or buy a large rooming house with furniture and 20 rooms or more.
The Monroe public schools restart next Wednesday after a ten day Christmas break. Ouachita parish high school and parish schools outside Monroe and in West Monroe begin Monday per Superintendent T C Brown. Mrs Josie Adams MacMurdo, 81, Baton Rouge civic matriarch, dies at daughter’s home. Wade Bynum is her nephew.
S. L. Baldwin has been appointed post master at Bernice Louisiana succeeding T. W. Shields. Baldwin will take office January 1 with his daughter in law Mrs Jack Baldwin as clerk. He will serve as port master until the special examination results are announced.
Magnolia Petroleum Company announced higher crude oil prices in Oklahoma and Kansas aligning with Texas increases. Friday price ranges from 50 cents a barrel for under 26 gravity to 140 dollars for 30 gravity and above, with most increases at 15 cents per barrel.
New York December 29 Jor lae De Forest radio inventor announced development of a thermophone. He claimed the device rivals Dr Phillips Thomas’s ultra audible microphone for recording sounds too rapid or faint for human ears and offers greater practicality due to its extreme low voltage requirement.
In Samson Alabama a man named R E Lunsford aged 45 was shot and killed near the town this morning. Curtis Adams aged 22 is in custody charged with the shooting.
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