19 Jan 1929
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jan 19, 1929
Page
1
The New Orleans cotton market on Saturday opened steady but quiet with modest selling pressure near week’s end. Prices closed down 3 to 4 points from Friday, after a brief rally and late realizing, marking a net decline for the session.
New York indices show a very quiet cotton market on Friday with prices fluctuating within 6 to 7 points. March contracts peaked at 20.26, closed at 20.22 as the overall market ended steady, down 3 to up 2 points.
Reports of general improvement in the spot situation and anticipated tightness in January supported futures. Buying orders dominated, with large spot purchases in New Orleans Arkansas and Texas. Weather remained wet in most regions except the Northwest, potentially delaying the crop. overall sentiment favored the constructive side and a firmer market outlook.
US market report shows hogs near 9.10 to 9.20 for 200 lb averages and 17 to 200 lb butchers at 9.10 to 9.20, cattle 500 head with steer and yearling declines from 50 cents to 1.25, heavy weights down 1.50 to 1.90, sheep 2000 with dressed lamb trade slow but active shipper demand. Top weekly prices: fat lambs 17.85, yearlings 34.80, feeding lambs 15.00.
Chicago report shows butter unchanged with receipts of 948 barrels. Eggs rise with 6,252 cases received. extra firsts 36 to 37 cents, firsts 84 to 85 cents, and ordinary firsts 39 to 22 cents.
New Orleans cotton seed oil prices moved quietly with listed grades and futures near steady levels. Prices shown include prime summer yellow at 9.20, prime crude 8.50 to 8.74, and several month prices from January to September.
Chicago market notes show alive poultry weaker with receipts of two cars. Fowls and springs range 28, roosters 20, turkeys 25, ducks 24 to 28, geese 20.
RAVERPOOL January report shows spot cotton steady with gains, American grades leading. Prices list for strict good middling to low middling range, with 4 000 bales sold including 2 000 American. futures closed quiet with nearby contracts around 10.4 each.
Trading on January 19 shows vigorous buying led by U.S. Steel reaching an all time high of 189. U S Steel surges nearly 9 points for the day and up over 22 points for the week as coppers utilities and steel stocks stay strong. Oils and motors lag with mixed advances and declines among brokers loans and credit concerns.
Chicago grain notes uneven session with wheat later turning higher after an early setback while corn declines on scattered rains in Argentina. Prices ended mixed with No 2 hard wheat around 1.24 1 2, corn No 4 mixed near 4 to 1 2, oats weaker, and provisions generally down.
Advices from Suchiate report two northern towns Retalhuleu and Mazatenango captured by rebels led by General Ubico. Guatemala City communications cut, border traffic halted as insurgency grows. Ubico, long a high ranking army figure, co leads with General Larrabe. Orellana current interior minister and potential rival to Ubico.
Interborough Rapid Transit seeks a 7 cent fare ruling to shore up finances amid municipal subway competition. The company, carrying millions daily over 400 miles, has not paid dividends in a decade due to losses on elevated lines while subway operations remain profitable. Net earnings for 1912 are estimated at 3,029,000 on gross 67,402,320.
Skirmishing over control of Standard Oil of Indiana intensifies after Col. Robert W. Stewart arrives. Proxies total 15,000 of 48,000 shares, while A. P. Giannini says Rockefeller will control 32,000 shares. Rockefeller offices seek a high plane contest, as John D. Rockefeller Sr offers no comment from Ormond Beach Florida.
The jury nears verdict in the Harsh slaying trial of Willard Smith, drug store manager killed during an October hold up. Attorneys argued for mercy as state prosecutors pushed for the death penalty, detailing the defendant's claimed sane planning and the defense citing constitutional weakness.
A U S Department of Agriculture bulletin notes heavy boll weevil presence in northeastern Louisiana with 13 to 14 thousand infested per acre ready for hibernation. The study spans 47 moss samples across 14 localities in Louisiana Alabama Georgia and South Carolina with 6 767 pounds of moss examined.
Plans for conferences in Pittsburgh Pennsylvania on January 39 and Richmond Virginia on March 8 to pursue merger talks between the Presbyterian church in the United States of America and the Methodist Episcopal church and with the Southern Presbyterian church are announced. Attending will be Dr. Lewis Seymour Mudge and Dr. J. Ross Stevenson with representatives from major cities. The calls stem from a Tulsa May proposal by the Methodist general conference urging overtures toward the merger.
Gilda Gray dancer and film actress wins a divorce from Gil Boag of New York in Waukesha Wisconsin. The ruling ends a marriage between the entertainer and the New York resident.
Mme Duchoiselle of Montmartre, active in feeding and aiding the elderly, was attacked by three ruffians in a Montmartre street. The assailants released her after recognizing her, and one escorted her home. Each morning she gathers bread for her needy charges and seeks new members for her charity.
Mrs. Clifford Slater Wheeler formerly Ann Hellman of San Francisco filed suit for divorce from motion picture director she married while an Hollywood extra 13 months ago. She accuses cruelty claiming he addressed other women kindly and refused to provide clothing, forcing her to borrow outfits for social events. Wheeler was named by Cecil B. DeMille as one of the 30 most beautiful women in cinema two years ago.
Paris reports a French statistician claims 77 brunettes per 100 divorces though defenders argue the data mislead. He notes blondes are 15 percent of the world’s women, so brunettes need not worry about divorce statistics.
Entomologists describe fall 1928 weevil populations in Arkansas and Louisiana, noting lighter numbers in northern areas due to flood effects in 1927 and heavier infestation in southern Louisiana and southeastern Arkansas, with varied abundance by region. The report combines bureau data and state sources to map entering hibernation trends.
Dawes House, the largest Lawrenceville School dormitory donated by Vice President Dawes, burned in a dramatic blaze. 43 students three masters and three servants slept inside as alarms rang, with stairways alight and escapes by jumping to ground or forming human chains. The loss was placed at about 875000 dollars.
Rochelle Louisiana note listing visits from Alexandria Winnfield Transylvania Selma Olla and Pumas Arkansas. Local residents Mr and Mrs G P Flennings Mr and Mrs W C King hosted guests and others attended weddings and greetings in the community.
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