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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 29, 1927
Page
20
Cotton prices edged lower early in New Orleans trading but recovered with a moderate rally driven by a New York textile association report stating that sales and shipments for the eleven months ended November were within one percent of record production. January through May futures fluctuated around steady to mixed levels.
In New York on December 29 the cotton market absorbed pre holiday realizations and later rallied on trade buying and covering. The midafternoon market stayed quiet but steady with 5 to 8 point moves. futures closed 11 to 13 points higher and spot middling at 20.10. Opening quotes: January 19.52, March 19.40, May 19.71, July 19.60, October 19.03.
Cotton prices eased at the start on profit taking by recent buyers and hedging, though late trading rose on bullish textile distribution figures. New England curtailment reports and strong spring delivery sales whispers supported the outlook, with spots tight and demand leaning to buying before holidays.
Butter prices in Chicago on December 29 show declines with 5 188 tubs sold. Creamery extras standards 47, extra firsts 471 2 49, Firsts 43 44, seconds 32 40. Eggs unchanged with receipts of 2 015. Classified ads in Monroe News-Star offer results.
The document outlines that a widow of an honorable Confederate veteran may engage in certain trades if the stock of goods exceeds $1000 and the business is carried solely for the benefit of the veteran or widow, with prohibitions on other taxable property. It notes repeal of conflicting ordinances and records adoption on December 14 1928 by the Police Jury.
Heavy buying of railroad equipment shares spurred gains as orders for locomotives and freight cars boosted the market. Early selling pressed many issues 1 to 5 points, but United States Steel and General Motors led a midday rally with gains of 2 and 1 points. Continental Leather? (note: ensure entities)
Chicago grain markets show unexpected Liverpool wheat strength lifting prices early. Spreading between wheat and corn made changes irregular. Wheat ends near initial limits with mixed gains and losses. corn slips. oats firm. provisions mixed with small swings.
In New Orleans on December 29, cotton seed oil closed firm with listed futures for prime summer yellow and prime crude varying from 8.62 to 10.60 dollars per hundredweight. Dates noted include January February March and onward through July. May rise to 10.28, June 10.35, July 10.51, September 10.60.
Rotary club members attended lunch as Howard Huckaby the harmonica king performed entertainment. Wayne Blanks of Concord North Carolina displayed films from a trip to the land of the midnight sun and war footage from the Argonne offensive. Attendance was good and club singing occurred.
Four year old Mary Moore daughter of J Moore of Dick Taylor street fell from a porch swing this morning at her residence and sustained a scalp wound and other injuries. She required several stitches on removal to Riverside sanitarium.
The First Baptist church of West Monroe began services in the new building with basement rooms in use last Sunday. Pew deliveries were delayed delaying the auditorium opening by weeks after year’s start. When fully furnished the church is expected to cost about $100000.
Athens, Alabama, voters see the municipal light rate cut to 10 cents per kilowatt hour with a 10 percent discount if paid by the 10th. The old 12.5 cent rate becomes history as Athens joins about five towns with municipal power. The plant serves residents, lights streets, and adds several thousand dollars in profit to city coffers.
Leon Hammond Rev Ernest Holloway and Mrs Holloway were summoned to Collins Mississippi near Jackson after Rev R L McRaney who led First Presbyterian church here all summer learned his brother died in a hospital near his Collins home The Holloways and Hammond left at daybreak for the Mississippi city where the funeral will be held this afternoon.
Liberty bonds closed with the Liberty 81-28 at 101.26, first 41-48 at 108.12, third 100.20, fourth 103.30, Treasury 4s at 110.27, and 41-48 at 115.24.
New York call money rates on December 29 show all loans at 5 1 2 with closing bids at 5 The market for time loans remained steady with mixed collateral for 60 to 90 days at 474 1 8 and 4 1 4 months at 4 The mercantile paper rated prime at 3 8 4 4
Poultry markets in Chicago show steady conditions with receipts of six cars. Prices range for fowls at 23.5 cents, springs 27, turkeys 25 to 30, roosters 18, ducks 23, and geese 23 per unit.
Police arrested three boys this morning for investigation and learned they were sought in Jackson Mississippi. Dudley Beasley age 16 of 705 Evergreen street Jackson J T Ellzey 17 of 510 Winter street Jackson and Woodrow Jones 17 of 812 Winter street Jackson are held in the city jail pending transport. Detective L V Tarver received a telegram from Jackson ordering the hold on Jones and Beasley while releasing Ellzey.
Secretary Mellon stated he is not a candidate for the presidency. He dismissed reports that he is a candidate and said he does not intend to run.
A clash between a landlord and renter erupted in a running battle at Washington and Fourteenth streets. Mamie Bowman was arrested after police said she acted in a dangerous and suspicious manner and jailed at headquarters. the Italian landlord Pete Zacone was involved in the altercation.
The weather bureau issued an advisory listing a southwest storm warning from Norfolk to Eastport. A disturbance northeast of Lake Superior is moving northeastward, bringing strong south and southwest winds this afternoon and tonight, with gale force possible at times.
Mrs Monette Appleint Broussard widow of the late Senator Robert Broussard married Frederick C Ribbeck of New Iberia in St John the Baptist Church New Orleans officiated by Father Godfrey Grohn. The 51 year old bride and 68 year old groom plan to reside in New Iberia after a honeymoon on the east coast.
In New York on December 29 a $500 000 blaze at the Butler Brothers department store on lower Broadway collapsed its eight floors into the cellar as fire crews entered. White hot steel pillars failed, a blast blew manhole covers and windows, forcing back 125 firemen who were about to advance.
Raymond Parker of Winnsboro suggests the Boeuf river floodway from Arkansas to the Red and Atchafalaya be purchased by the federal government and used as a Louisiana national park. He asks who pays compensation, if expropriation would occur, and notes potential revenue from park fees and timber. He envisions a national playground aiding remote southern residents.
Mrs L L Jennings and Miss Christine Burk are jailed near Charleston in the death of 52 year old George Roberts of Crevi. Roberts fell ill with heart failure at the Jennings home and was buried next day. A large bruise between his shoulder blades sparked reports the injury came from an ax blow connected to the death.
Nashville December 29 Farmers face about 200 million dollars yearly in lost plant nutrients due to erosion, stated H H Bennett of the federal bureau of chemistry and soils at a convention. He noted one tenth of wastage occurs on productive land and urged soil conservation as essential to flood control. The replacement value of lost potash phosphorus and nitrogen exceeds 2 billion dollars annually nationwide.
Francis T. Tad Gormley, former LSU track coach, reiterates his charge he was dismissed without a hearing. He denies Atkinson’s alcohol claim from the LSU Mississippi A & M game and accuses the president of shifting blame for a failing football program. Gormley seeks a fair chance to clear his name.
J D Lee of 114 Filer street and G T Rosenbaum of El Dorado fire department collided at Wood and Catalpa streets at 7 05 pm yesterday. Both cars sustained fender and running board damage with Lee turning from Catalpa onto Wood and Rosenbaum traveling west on Wood.
Passenger service on the Nashville Chicago and St. Louis line between Hobbs Island and Guntersville has been suspended after the railroad obtained permission from the Alabama Public Service Commission.
Riley J. Wilson spent a busy day in the Eighth District touring Dry Prong Colfax Montgomery Natchitoches and Leesville for a gubernatorial campaign swing. Supporters grew more ardent as he noted a friendlier atmosphere and heard testimonials from Judge J A Williams Mrs F D LeSeur and Phanor Breazeale.
Publicity creator Charles M. Schwab jokes about handling two dozen pairs of garters given as Christmas presents. He says he can wear one each morning to see how it looks, noting he still needs garters despite the publicity from published golf pictures showing his socks dropping.
James Leonard McWilliams aged 1 month son of Mr and Mrs R F McWilliams of Brownsville died after a brief illness at home. The burial took place in Mt Vernon TM cemetery yesterday afternoon.
Mrs. Mary Elizabeth McKinzy 87 wife of J. Mr. McKinzy died of pneumonia Monday at their home ten miles south of Delhi burial occurred Tuesday at Gronville Rev E L Averett officiating Survived by husband two married sons Blanchard and Clifford McKinzy and other relatives in Indiana The family moved from Indiana to the area fifteen years ago and were well regarded locally
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