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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 29, 1938
Page
7
New Orleans markets report a quiet session with March to October cotton futures slipping from intraday highs as short-covering faded. Prices closed modestly lower by 1 to 4 points amid thin trade. spot cotton finished 4 points under prior levels with receipts at 1,082 bales and stock reported at 721,794.
New York December 29 Cotton moved irregularly lower as Liverpool declines weighed on sentiment. March futures traded from 8.40 to 8.43 with most quotes 2 to 5 points lower. spot middling cotton listed at 8.85, while futures settled about 4 to 9 points down.
Liverpool reports limited spot demand with prices up five points. Quotations list American cotton at 5.97 strict good middling and 5.62 good middling with other grades shown, futures steady to two higher through January to October.
In Orleans on December 29 cot tonseed oil closed steady with bleachable summer yellow at 7.30 nominal. Crude 6.12 1 2 6.37 1 2. Futures shown for January March May and July with various bids.
Butter prices for 1878 show weakness with creamery specials at 27 1 4 to 27 3 4 under 93 score and extras around 26 1 2 to 3 4. Eggs steady at 4 541 with current receipts 23 1 2 and refrigerator extras 22 3 4.
The Sugar York market reports the world sugar contract steady with covering and trade buying. The domestic contract remained weak with March No. 4 trading up to 1.16 1 2 and 1.17, while No. 3 activity was limited to May at 1.97.
New York trading December 3 reports stocks strong with rail and aircraft shares leading gains. Bonds higher as carriers lift, oils and utilities in demand. Foreign exchange softens with sterling and franc down. Agricultural items see cotton and sugar steady while coffee improves on buying. Chicago wheat rises on cold wave fears as corn holds firm. cattle mixed and hogs mostly 10 to 20 lower.
New York stocks rose on renewed strength in aircraft and rail shares with many issues closing near day highs. Tax selling cooled and cash transfers remained steady as investors anticipated broader defense spending and possible favorable railroad legislation, despite a brief chill from the J A Sisto expulsion.
Chicago December 29 influenza killed more than 1,100 people in a single week. Poultry live markets show firm prices across hens, chicks, Leghorn and White Rock varieties with specific weights and price ranges. Dressed turkeys remain unchanged.
The New York Stock Exchange expelled J A Sisto a general partner in his brokerage firm on three charges. He allegedly sold himself 1000 shares of Sisto Financial at 23 dollars a share after buying them for 15 dollars. He erasured accounts and ran 30 non bona fide cash transactions for Sisto Financial in 1937.
Clarence Kellogg 27 was arrested by Monroe police last Tuesday on drunkenness and received a city court sentence. He is sought by the sheriff at Little Rock as an escaped prisoner from the Pulaski county prison farm, per a telegram from the FBI in Washington. Kellogg, recently employed by a dairy near West Monroe, will be turned over to prison farm officials when they arrive and request custody.
Lloyds agent at Gibraltar says SOS from the 4239 ton British steamer Marionga reports Bombed and crew took to boats The position given is 39 12 N 1 7 E between Castellon on Spain and the Balearic islands Palma Mallorca Balearics major insurgent air base is noted.
Chicago livestock prices show hogs mostly 15 25 lower with top at 7 85 sparingly on 160 to 200 lb stock. Cattle scarce brisk but generally weak with steers 10 to 12 lower and fat cows scarce. sheep around 25 to 50 lower with fat lambs slow. Italians introduce forks for eating and carving use noted.
In Pittsburgh three held up a self service market taking forty two dollars after robbing twelve customers. One shopper fainted and a lone caller wished a Happy New Year. Elkins West Virginia intruders found by Bob Mayes faced a possum in the pantry as his wife and mother in law guarded the kitchen. Denver’s game ends 30-28 as Ross Plymell scores a wild final shot after a one handed play. Oklahoma City pastors and oilmen plan to watch Sugar Bowl and Orange Bowl via radio earphones in New Orleans.
Chicago Police Commissioner James P. Allman praised Loop revelers as noisy but not needing heightened police presence. He said reinforcements from outlying districts would not be necessary to maintain downtown order this year. REMIDJI Minn A mechanic Al Hagen suffered a badly swollen face after a cold weather incident when he was assaulted while preparing to tow a frozen car.
A daughter was born at the Vaugh an Wright Bendel clinic Thursday to Mr and Mrs Tom Spatafora of Monroe.
Moderate advances in Chicago wheat led gains across corn and oats as adverse weather for the winter crop persisted. May wheat opened up 1-8 to 1-2 cent higher and finished 1-2 to 7-8 higher from yesterday, with May at 69 1-8 to 1-4.
The notice outlines how Want Ads will be accepted by telephone for faster transactions and states payment must be made within three days of first insertion. It lists classification categories from Dressmaking to Automobiles and specifies per line rates and filing order for the Morning World edition.
Elyria reports William Rousseau died after a spruce on township road right of way was used by William Case who says he shot Rousseau and wounded his wife for taking the tree from the grave. Case faces man slaughter charge with bond set at 1000. Rousseau buried and daughters Geraldine 11 Sarah 8 present. mother critically ill from shotgun pellets.
Classified department explains a free lost and found service for items advertised in The News Star and Morning Word. It promises recovery of articles without extra cost to advertisers via the Losers' Service Bureau.
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