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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 29, 1928
Page
8
In New Orleans on December 22 the cotton market opened steady then eased due to lack of sustained support. Prices firmed late on buying from textile accounts, closing steady with a net rise of one to three points. futures marks included March 19.57 and May 19.57, with spot cotton quiet.
New York dispatch reports a very quiet cotton market with narrow moves as traders settle positions for the weekend and the holiday. March futures dipped from 20.26 to 20.21 and closed near 20.25, while overall values closed steady to slightly higher amid mixed spot tones and varied futures quotes.
In New Orleans on December 29 trading in cotton widened while prices held firm amid hedge activity. Tight January, strong dry goods news, and rising print cloth demand from Worth Street underpinned sentiment. Expect bullish December Textile Association and Census Bureau reports as mills stayed open. hedging eased and demand for contracts rose.
USDA reports Chicago livestock with 18 000 hogs and 17 000 direct sales. Hogs weigh about 230 pounds rise 10 to 12 cents. heavier weights up 5 cents. Cattle show modest gains with steers and yearlings up to 25 cents. butcher heifers 40 to 50 cents higher. bulls 24 to 30 cents higher. vealers 2 to 3 dollars higher. Sheep about 1 000 fat lambs steady to higher by 25 to 50 cents. Direct and under grade prices noted with regional variations.
Mrs Edna Ragland Gladden wife of John T Gladden died at her home near Bosco at 10 last night after a week long illness. Survived by husband and siblings P B Ragland Lottown J L Ragland Monroe Mrs J B Hughes Huttig Ark. Funeral by Rev L T Hastings at Peters funeral chapel this afternoon at 4. Interment in Riverview Burial Park.
Brisk buying and absorbed profit-taking lift many issues to new highs. Wright Aeronautical leads with a 12 point gain, National Tea up 10, Midland Steel 7, Pere Marquette 6, and Houston Oil nearly 6 from a December dip. Magma Copper Radio Union Carbide Warren Brothers Curtiss and Chicago Pneumatic Tool rise 4 to 5, others up 2 to 3. total volume about 2,000,000 shares.
Liberal deliveries on December wheat and corn opened bearish with prices easing across grains. Wheat closed weak down 1c to 3c. corn fell 1a to 5a with some intraday rallies, oats steady to lower, and provisions mixed. bid quotes and futures shown for various grades and months across Chicago grain exchanges.
The list shows varied performance among Allied Chemical American Tobacco Phillips Petro, General Electric General Motors Studebaker and Union Carbide. Significant movers include Bethlehem Steel and Texas Gulf Sulphur with others like U S Steel Westinghouse Electric and Willys-Overland also noted amid a broad market snapshot.
Cotton spot in limited demand with prices easing across grades. American supplies remain heavy with 1,100 bales sold. sales total 2,000 bales, receipts 1,000. futures closed quiet with December at 10.34 and January to October futures listed.
Chicago December 29 poultry trade shows a steady market with four carloads received. Fowls ranged 28 to 29 cents, springs 30, roosters 20, turkeys 5, ducks 25, and geese 19 cents per pound.
The Associated Press reports New Orleans trading with cotton seed oil closing very steady. Prime summer yellow at 9.05 and prime crude 8.25 to 8.37. Futures shown for January through September range from 9.17 to 9.80 with monthly figures listed.
Government bonds closed with Liberty 3 1 28 at 99.24, 1st 4 1 4s at 100.9, 4th 4 1 48 at 100.10. Treasury 4 1 48 at 111.24, 4s at 106.54.
Butter and eggs trading notes from Chicago on December 29 show butter unchanged with 9,857 tubes received and eggs unchanged with 5,075 cases received. The brief market update records steady prices and steady imports.
Two motorcycle officers chased a speeding car on an outlying road in Washington and halted it to discover Rev. John Roach Straton pastor of Calvary Baptist Church New York as a passenger driven by his son John They forfeited $10 in traffic court on the speeding charge police estimated their speed at 60 mph
Sapelo Island Georgia December 29. A sea island rodeo is planned for President Coolidge during his Christmas vacation at the Coffin estate. About fifty semi wild steers roam the Coffin woodland and fields and negro riders are supplied for the display. The event spans two days with prizes for endurance or reaching a beach goal while still mounted.
In Mukden Manchuria on December 29 General Chang Hsueh Liang and associates proclaimed acceptance of the Nanking nationalist government. The move was marked by hoisting the nationalist Chinese flag signaling a shift in Manchuria under Chang's rule.
Dudley Sanderson and B F Bagwell were moved to Caddo parish jail on murder counts. The incident at Bob Taylor’s farm left two teen sisters dead and a third wounded, with their mother also injured. Four men, including Sanderson’s three sons, face conspiracy counts. none can post bond. Wounded victims are at St Francis sanitarium. Emma Taylor is critical but improving.
Fire swept the Pine Bluff Heading Company plant on East Sixth street causing an estimated 50 000 to 60 000 dollars in damage. The turning room dry kilns and heading stock were damaged as the blaze threatened nearby frame homes. The fire started from a hot box on a sawdust conveyor. The plant employs about 75 men and was recently sold at a commissioner’s sale to Hudson and Dugger Company of Memphis.
Nellie Taylor Ross former Wyoming governor, grief stricken by the death of her 25 year old son Ambrose Ross in a Saratoga car accident, passed through Kansas City while en route to Cheyenne. A coroner's jury ruled the death accidental.
Tennessee records 19051 influenza cases since December 2, says Health Commissioner Dr. E L Bishop. He notes the figure may reflect only a fraction of total cases as the disease spreads east to west. He adds fatalities rising and that 40 percent of cases are children under ten.
William F. Kenny, a millionaire contractor and ally of Governor Smith, acquires 20 percent of the National Exhibition company controlling the New York Giants. He is reported to have paid about 750000 dollars for 2500 of 12500 shares, valuing the franchise around 4750000 dollars with potential for higher future profit.
Baton Rouge reports a sharp 1927 decline in Louisiana lumber lath and shingles output under U S department of commerce figures. Louisiana mills fell from 316 to 237 for lumber with production 2 385 724 thousand feet down from 889 530. Lath and shingles also declined in Louisiana while shingles rose nationally.
James Nagle seeks information on the whereabouts of his brother Frank Nagle who was to be buried after dying in Georgia. He arranged funeral details with an undertaker church and cemetery, but the body did not arrive and reports say Frank was last seen in a dazed condition near Jekyll Island about a week ago.
In San Diego on December 29 two Army planes demonstrated night mid air proximity for three minutes half a mile apart. The test aimed to confirm possible contact for fuel transfer during an endurance flight beginning January 1. Captain Ross Hoyt commanded the refueling ship and Lieut Quesada handled the hose line while Captain Ira Eaker and Major Carl Spatz operated the other aircraft.
A Baton Rouge man arrested for drunkenness identifies as Lee Stewart and admits involvement in the January 12 1928 Hattiesburg Mississippi shooting of Eddie Jones and Roy Tucker and an alleged embezzlement in Laurel Mississippi. He claims he did not intend to shoot and plans to return to Laurel and Hattiesburg.
The Camp Fire Girls report a busy season with acts of kindness and the Christmas Eve carols stirring gratitude. Seven girls met at Barkdull Faulk school to sing with Edna Perry Marc Sterns Lucile Sterns Ruth Smith and Annie Frances named for carols plan a Saturday night party reported by Rosa Corr iro.
The group pledged one dollar dues per girl and recited the Camp Fire law. Helena Hayward was named president and Ruby Oakland secretary as officers were announced and all members urged to attend the next meeting. Reporter Helena Hayward also notes St Matthew's organized Camp Fire unit Coily with Wilma Ragland as president and Beverly Gimler as secretary.
A group held a Christmas party at the guardian's home last night with several honors awarded to eligible members. Attendees enjoyed a very pleasant evening together.
Chicago Dec 29 Nathan Leo Pold Jr one of the thrill slayers of Robbie Franks is ill with influenza at Joliet state penitentiary His condition is reported not serious.
Vernon Bagby Wheat, 31, claims to be former Governor Bagby’s grandson and reports alleged ill-treatment at the Gulfport Veterans Hospital in Mississippi. He says a shipmate leave was denied after shell shock, he escaped Christmas night, and his brother Edward C. Wheat in Chicago has been notified. He formerly lived in Millview, Florida.
Authorities believe J W Vanderberg his wife and three children were murdered in their sleep before a fire destroyed their Gaston county home. Jacob Vanderberg, 17, survived and is jailed pending coroner's inquest as bodies are returned to Hickory for burial. He describes waking to smoke and seeing his mother dead, denying involvement.
A list of local residents visiting relatives during Christmas includes Miss Beatrice Skirvin of Winnsboro with her family, students in Waskom and Lafayette, and workers from the Brown Paper mill visiting home. Names tied to families across Clarks, Joyce, Leesville, and neighboring towns recur with holiday travel and guest stays.
Burl Dickerson faces manslaughter charges for the fatal shooting of Julian Bryant 22, a Calhoun resident, by a stray bullet during a private dance near Eros. Dickerson, out on 2000 dollars bond, had been shot at by Loyal Zeigler who cut him earlier. Jack Denton and Loyal Zeigler also await charges from the same incident.
In New Delhi on December 29, three Royal Air Force expeditions evacuated sixty eight women and children from Kabul to India. Refuges will be pursued with two troop carrying planes as snow storm clears. Royal legation buildings in Kabul sustained shelling. one accident occurred when Frau Feitz was struck by a propeller and injured.
Senator Pat Harrison arrived in Jackson Mississippi from Washington and warned of early dissensions in the Hoover administration. He cited farm relief as a divisive issue with calls for an extra session and criticized the lack of progress in the current Congress. He predicted ratification of Kellogg peace treaties but doubt over the cruiser bill passing soon.
Maj. Gen. Edgar Jadwin chief of army engineers arrived in Mobile after inspecting the Warrior and Tombigbee river system from Birmingham to Mobile. He was joined by Maj. Gen. William L. Siebert and Col. Mark Brooks. They traveled aboard the Humphreys from New Orleans and will move to New Orleans likely Monday.
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