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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jan 17, 1925
Page
5
Cotton futures closed barely steady with small gains and losses in New Orleans as January to October contracts fluctuated. Spot prices held steady with low middling near 22.15 and middling 23.65, while receipts reached 7,455 bales and the stock stood at 448,272. News cited bearish ginning expectations and shipments of certificated stock to New York, amid ongoing belt-wide ginning.
Cotton futures finished barely steady with the March contract around 23.7 and May near 24.05 as gains from covering faded under hedge selling and rains in Texas. Prices opened firmer on steady Liverpool cables and favorable New England labor news, then eased amid liquidation and talk of cotton arriving from New Orleans for January and March deliveries. Spot middling cotton quoted at 24.00.
Liverpool on January 17 reports cotton spot prices steady across grades led by strictly good middling at 13.81 and low middling 12.46. Sales reach 5,000 bales with 1,500 American. receipts total 16,000 bales with 15,400 American. Futures close steady: January 12.79 March 12.85 May 12.92 July 12.96 October 12.75 December 12.64.
Fresh upturns in wheat on early trading due to expected export business and Russia needing 9 million bushels. Wet Argentina weather delays movement lifting values as July and September set new top prices. Openings 8 to 2e higher, with May and July futures closing strong, and corn deliveries exceeding season highs.
Cattle receipts in Kansas City total 300 with varied prices for yearlings, steers, cows, heifers, and stockers. Hog totals 6,000 with bulk sales 975 to 1015 pounds and packers 9 1000 to 1030. Sheep receipts 150 with tops 1830 and bulk 1750 to 1800, with several weight and condition categories noted. In Chicago, hogs 10 000 with top bulk desirable 10 30 to 10 60 per cwt for weighty butchers, and cattle 500 with beef steers 8 00 to 10 25, cows 4 00 to 6 25, vealers 10 50 to 11 50, and sheep 1 000 with fat lambs 18 00 to 18 75 and tops 19 25.
Chicago reports show poultry alive unchanged. Butter prices firm with creamery extras at 40 and firsts at 36 to 39. Eggs rise with receipts of 1,565 cases and firsts at 59 to 60, ordinary firsts 50 to 55, refrigerator firsts 48.
Reactionary tendencies dominated the week as overbought signals spurred selling amid steady call money rates. Steel operations climbed above 90 percent capacity while U S steel and several blue chips hit multi year highs. Foreign exchange showed sterling stabilizing near parity and Danish credit extended to the government boosted the krone.
Norfolk attorney Ralph H. Daughton sent telegrams to the secretary of the navy the judge advocate general and the American Bar Association president requesting an investigation of conditions surrounding a court martial at the Norfolk naval station.
Thoman notes National Thrift Week begins with Thrift Day and praises the Postal Service for promoting thrift, citing Benjamin Franklin as the foremost advocate. He explains the Postal Savings System as a savings agency, not a bank, with deposits turned to local banks as collateral. The modest and large savers are treated with equal courtesy at the Postal Savings window.
Transfers listed include Hortense Marks to Lenora Silverstein for a lot at 650 dollars, J W Hodge to J J Staples for land at 800 dollars, Frank Varino to A L Cannon for a lot at 4965 dollars, J F Meeks to I B Warner for land at 800 dollars, and A C Calhoun to Abe Arent crop lien at 3500 dollars.
Rev. J W Jordan of Dubach La brother of Rev W H Jordan will preach at West Monroe Methodist church twice on Sunday. An infant of Mr and Mrs J B Nelson died in Swartz and burial will be in Swartz cemetery. R M DeFir injured January 4 when coal chute door struck him. he has recovered enough to sit up and expects two weeks to return to work with two broken ribs. J W Williamson of 116 South Third street recovering from hip fracture after being caught between freight cars January 6. hospital release hoped by February 1.
Wisner Louisiana January 17 business men hosted a banquet at the Arline Hotel for the Wisner High School football squad. Sixty two citizens attended despite rain and post Christmas postponement. Captain Glasgow led a team that won most games last season with 212 points for and 20 against.
Nebraska certified seed will be sent from Baton Rouge to Monroe for tests this year. Jewel McQuiller of the Home Demonstration Bureau announces 200 seed kits and nitrate fertilizer will be provided. Planting plans extend over four years with increasing acreages and mandatory purchases in 1926 and beyond.
More than fifty applicants gathered at the federal building at 8 45 this morning to take the civil service examination for clerk carrier. Secretary David Carter led the local civil service board arrangements with Col. C B Prospero overseeing the test. Several test takers came from outside Monroe, with locals including Kennedy Abbington W B Towns and Preston Stewart among them. The city expects a need for more help in the post office and in West Monroe as the carrier service expands across the river.
A large audience packed the Saenger for Little Jessie James with the Paul Whiteman orchestra delivering superb music while singers were scarce. Donald Carroll stood out among the male leads though overall support was weak. Charles O Connor kept the plot moving as the comedian. The orchestra drew praise and audience response, though the show is judged second rate due to lack of strong vocal talent.
The Tensas Basin Levee Board met in Rayville in regular session with President J W Summerlin and members from multiple parishes. State Engineer Geo C Schoenberger addressed the board and thanked Gov Fuqua for his appointment. Assistant State Engineer J R Adams spoke on his new district assignment. The board passed a resolution thanking Gov Fuqua for his support in appointing Schoenberger.
A Ford sedan driven by Mrs. Herman Stephens and occupied by Mrs. McCurdy and her infant collided with a Riverside belt street car yesterday around 6 30 pm on Jackson Street near Talamaque. All three in the Ford sustained minor cuts and bruises. witnesses cited poor visibility in rain as the cause. Motorman D W Eady operated the street car. Both women reside in the city.
Mrs Tony Dana owner of Dana grocery store at 717 De Siard street was called out for a few minutes yesterday afternoon allowing a large negro customer to steal about $30 from the cash register. Police investigator Officer Fleming found no trace of the culprit described as 200 pounds in a blue coat white trousers and a cap lingering in the store prior to the theft.
J. L. Dean was convicted of violating the State Stop law and fined 12.50. A. L. Gibbons and Joe Cantranza faced fines of 5 each for failing to stop at right of way streets. J. J. Maloy and A. Sopher were fined 10 or 10 days in jail for trespassing on Missouri Pacific Railway property. John McNutt convicted of larceny drawn 60 days in jail.
An enthusiastic Stone Avenue Church audience heard evangelist Andrew Johnson preach repentance and a new life Friday night. He stressed a change of heart and conduct, saying old things pass away and all things become new, with Rev. Lee and Rev. Mouser from Grayson and Louisiana M. P. Conference present. A number came forward at the altar during the invitation.
A local church invites congregants to Sunday morning services where Dr Johnson will deliver a special message to Christians and church members. Pastor Dr Williams urges full attendance if possible.
A directory inviting readers to contact top real estate dealers for buying selling or renting commercial residential or suburban property. Emphasizes their experience efficiency and readiness to assist buyers and sellers.
The Arent Investment Corporation located at 120 Jackson Street, contact phone 234. The ad presents a business address and phone line for inquiries and services.
Classified brief advertising G B Haynes and Co at 115 N Grand St with phone 1099 and R B Blanks at Ouachita National Bank with phone 1307 appears as a compact local business listing.
Dr Johnson will deliver a sermon lecture on organic evolution titled Bombarding the Biological Baboon Boosters or Ten Fatal Gaps in Darwin's Theory at 3 PM in the First Methodist Church. The free talk precedes an evening salvation meeting at Stone Avenue church at 7 30 PM, with revival through next week ending Sunday January 25.
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