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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 01, 1929
Page
6
In New Orleans on June 1 cotton eased amid liquidation despite an early uptick. The market finished near session lows with declines of 13 to 16 points while futures ended steady with net drops of 15 to 16 points.
New York June 1 Associated Press reports renewed liquidation in the later trading sending cash prices to 18.06 for ull and 18.40 for December while the close was barely steady with declines of 7 to 10 points. A private crop report put condition at 69.7 versus 72.8 last year and acreage up 2.2 percent, with little market impact.
New Orleans reports pressure in the cotton market with prices at new lows for the new crop. Bearish sentiment prevails as traders expect improved weather due to reduced rainfall, though recent rains suggest a potential crop setback.
In New Orleans on June 1 cotton seed oil closed steady with various price points listed for prime summer yellow and crude mixes. Notable figures include June and October around 8.45 to 8.75, with other months ranging in the 4.70 to 9.75 band throughout the contract list.
June 1 US market notes hogs 56 to 60 cents lower, 56 to 60 cents. cattle and calves steady to lower, fed lambs 1.00 lower week over week. Late bulk prices show shorn lambs 11.50 to 12.00, springers 15.00 to 16.09, fats 6.09 to 7.00, California springers up to 13.25.
Market faced week end liquidation and a quiet half day as brokers loans fell by 232 million dollars boosting some sectors. Rails advanced with Atchison and Norfolk and Western hitting new highs while radio and motors dropped. total volume around 1.4 million shares were traded.
Chicago June 1 reports foreign buyers seeking U S hard winter wheat. Wheat opened 1 4c down to 7 Sc up and rose across the board. Corn and oats followed with gains after a weaker start. Provisions eased as markets strengthened overall.
E. F. Bush, 30, of Crowville, an electrical crew worker for Southern Carbon, was seriously injured when a cow crossed the highway near Fairbanks and pinned his leg between the car fender and the animal. Although the cow survived with a horn lost, Bush suffered a knee fracture and is hospitalized at St. Francis sanitarium.
Poultry prices and receipts reported in Chicago on June 1 show mixed demand with live poultry steady. Fowls ranged from 27 1 2 to 28 1 2 cents, broilers 40, roosters 20, turkeys 22 30, ducks 20 25, spring ducks 28, geese 15 per pound.
Liverpool reports cotton prices easing with American grades leading declines. Figures show strict good middling 10.82 and middling 10.92, American sales at 3,500 of 4,060 bales, receipts 4,000 all American. Futures close steady: June 9.76, July 9.73, January 9.74, March 9.78, May 9.90.
London June 1 Premier Stanley Baldwin retreats to his country home at Chequers for the weekend to confer with party leaders after a general election defeat. He will meet the cabinet next week to decide whether to resign and let Ramsay MacDonald form a Labour government or to rebuild the ministry and seek liberal support.
The United Presbyterian Church general assembly in Pittsburgh rejected a memorial from Argyle Presbytery to withdraw from the Federal Council of Churches. It cut annual contributions to 750 dollars, amid charges the council overstepped its authority and preached pacifism at odds with Presbyterian doctrine.
The semi annual ball of the police relief association at the Hotel Virginia roof garden last night was a standout event. Music and breezes enhanced the evening as Superintendent H D Apgar conveyed public thanks for ticket support and the fund was replenished by dance receipts.
Boat races will be held on the Ouachita River tomorrow afternoon starting at 2:30. Local outboard motors enter and boats from Shreveport and possibly Natchez are expected. Five races, including a free for all, offer first and second prizes. Events serve as a prelude to July 4 races.
The Agriculture Department will hold a public hearing on expanding the Mediterranean fruit fly quarantine from Florida to any state where infestation may be found. The hearing follows the quarantine law to consider extending restrictions nationwide.
Dr David E Holt Episcopal minister of Lake Providence and Tallulah will deliver the Baccalaureate sermon to Tallulah high school graduates at the high school auditorium. The graduating class has twenty members.
Henry M. Goldfogle, 73, longtime president of New York Citys board of taxes and assessments since 1921, died suddenly at the Hotel Imperial. He had served as a congressman from 1901 to 1915 and 1919 to 1921 and attended multiple Democratic national conventions.
Herbert Hoover Jr is among 26 applicants granted experimental radio licenses by the FCC. He obtains a license for a station at Stanford University California with the call letters W6XH.
Reports from Nanking state that the Chinese diplomatic representative and consular officials in Moscow have been recalled. The move follows ongoing diplomacy developments and signals a major shift in Beijing's overseas postings.
H C Warner alleged burglar who escaped Jonesboro parish jail May 10 was captured in Bisbee Arizona and returned to Winn parish by Sheriff Bryant Scholars. Kinison and Warren pleaded guilty in the Tremont Rulf shop burglary. Warner and E M Warner await trial next Tuesday as witnesses.
The St Francis sanitarium announces the opening of its new annex on June 6. The public is invited to inspect the building from 4 to 9:50 p.m. A model of modern hospital design highlights the completion as a praiseworthy achievement placing facilities among the finest.
Dr. P R Gibson editor of the Memphis Bulletin and branch offices at Yazoo City Miss was in Monroe en route from Hot Springs Ark to Biloxi He reported a successful revival in Arkansas City and announced a camp meeting at the Gulf Coast resort.
Lee Roy Bond of the class of 1929 earned the D A R prize for top American history marks with an average of 98.75. The award was presented at the Saenger Theatre during last night's commencement exercises, noted as among the highest averages in parish school history.
P. Mulhearn of Peters Mortuary will travel to New Orleans with his daughter Margaret for several days to attend the annual Louisiana Funeral Directors' association convention of which he was formerly president. Margaret will dance during a session. This week Mulhearn also attended the Rotary Clubs national convention in Dallas.
An elderly woman identified as Mrs Powers and Earl Manchester are held on suspicion of killing James Parks for a 14000 life policy. Parks body with two head wounds was found on the riverfront last Tuesday. Manchester, 21, a Canadian, confessed to the killing for a $1000 price. The confession was later repudiated by the woman. Insurance settlements tied Mrs Powers to earlier policy payouts dating to 1921 or 1922. A grand jury is convened to probe the Parks case while insanity is planned as her defense.
The defense argued the Mann case was dropped after pressure and public scrutiny. Attorney Mr Scholars contended five co defendants were moved to trial on June 28 over protests, and the special counsel did not press Mann’s case.
Defense contends acts cited are standard in carbon black plant manufacture and damages to Imperial Oil & Gas Products are minor adjustments. Mr Mann admits ordering the changes, while prosecutors claim destruction of tips and other parts occurred to affect plant operations.
Willie Thomas, described as transient negro, was arrested by City Detective L. V. Tarver for stealing items from a truck operator S. B. Hunt at 411 North Sixth. Thomas, a two time convict, confessed to taking a sweater identified by a torn collar, a sweater vest, a rule, and papers.
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