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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 01, 1939
Page
11
Cotton futures in New Orleans show moderate declines amid liquidation and outside selling while closing prices stay steady. Spot markets report dull activity with low middling at 9.25 cents and an average southern middling price near 9.36 cents for the day.
Liverpool reports cotton prices and futures for June. Prices show a mixed drift with American cotton easing and middling grades quoted between 4.64 and 6.19 per unit as bid and offer levels shift. Futures for Oct Dec Jan March and May are listed with varying points, reflecting a quiet trading session.
In New Orleans and New York on June 1 traders reported steady cottonseed oil futures. Prices for bleachable summer yellow and prime crude ranged around 6.20 to 6.35 dollars, with July near 6.54 and other months showing modest changes as sales reached 175 contracts.
The New York stock market showed a general decline with most leaders down about two points at times. Trading slowed, with 650,000 shares moving hands and rails and steels among the heaviest losers while United States Realty fell on word of a bankruptcy act filing.
Chicago buyers steady to down with hogs selling 10 to 15 off later in the day and top hogs at 6.96. cattle and calves slow with steady to weak bids and heavy weights favored by buyers. In New York, world star futures showed irregular movement with July lower and September flat, domestic futures largely unchanged amid market liquidation.
Chicago market update lists butter prices with 93 score creamery at 24 1 2 cents and 92 24, 91 28 3 4, 90 28 1 2, 89 2 percent. eggs show 32 732 cars with fresh graded extra firsts local 15 1 2, cars 16 firsts, storage packed firsts 16 1 2, extra 16 1 4, other prices unchanged.
New York on June 1 shows stocks lower with steels and motors retreating. Bonds mixed as U S government issues climb again. In commodities, cotton and sugar vary while coffee and Cuban buying appear. Chicago grains fall on wheat weakness. corn and livestock stay largely steady with hogs down.
Chicago grain reports show wheat rising early on heat in the spring belt, then easing to near steady by session end. Corn also climbs and trims losses. oats hold. Poultry prices firm across live and broiler categories with specific breed notes and weight brackets listed.
J L Terrell, manager of the Cities Service garage at 718 Jackson Street, used a fire extinguisher Wednesday night to halt a fire caused by a short circuit in an electric extension cord. Firefighters arrived to find the flames already out, limiting damage to a few old fires.
The Corinth Baptist church near Hico has called Rev. H. M. Michael to its pastorate. A revival begins August 6 for one week with an evangelist to be chosen later.
The veterans administration awarded a 111,693 dollar contract to Andrew and Dawson of Montgomery Alabama for a recreation building at the Alexandria Louisiana veterans hospital. A second 5,818 dollar contract for elevators went to Murphy Elevator Company of Louisville Kentucky.
Two scenes from a pageant on early Louisiana history will be shown Friday at 8 p m at Camp Ki-Ro-Li by WPA recreation leaders from north Louisiana. Monroe and West Monroe officials and the public are invited to attend the closing program of a weeklong training.
The capital gears up for the royal visit with flags in shop windows and posters of King George VI and Queen Elizabeth. Officials expect crowds as the king and queen arrive to depart aboard the presidential yacht for Mount Vernon.
Clouds cool Oklahoma Colorado and Wyoming ending heat wave. Lamar Colorado endured a two hour dust storm. Portland Oregon reported a 72 degree high as fair weather returns to the west coast. Birmingham Alabama records its 14th straight day of rain exceeding normal. New Orleans saw rain for the ninth day while Atlanta and Nashville had seven. Two days of showers extinguished minor Everglades fires in southern Florida.
Kansas City dispatch reports three resignations and three demandings of resignations within the Pendergast machine days after Boss Tom Pendergast began serving time. Fred Bellemere quits as city counsellor. Eugene Zachman calls for Teefey as purchasing agent Hall as personnel director and Ryan as welfare director to step down. Officials cite bids, civil service exams and qualifications in the shakeup.
In Winnsboro Louisiana a boy and girl were born to Mr and Mrs Wade Tucker of route four on May 28. The children were named Milton Ray and Clara Fay. A separate note mentions St Johns Wort historically thought to avert lightning in parts of Europe.
With the Monroe Furniture building project at 132-138 North Second Street underway a local club reports growth. President Joe Isaacman promotes the newly decorated clubroom viewing area and displays the membership rules and project details within the painted walls.
The Interstate Commerce Commission reopened the freight rate dispute with hearings on Commissioner William E. Lee's finding that existing charges favor northeastern producers. Southern governors and their counsel push for rate reductions to lift southern access to eastern markets while northern and New England interests oppose the changes citing wage disparities and potential industrial migration. Buffalo hearings last year featured New England governors arguing equalization would accelerate southern migration.
A reader urges immediate action after a mad dog roamed Monroe streets yesterday morning biting three people and possibly more dogs. The writer demands city dogs be tagged vaccinated muzzled and kept off streets with police empowered to kill suspicious animals and report untagged dogs to headquarters.
Probate docket in Ouachita Parish Louisiana calls creditors and interested parties to show cause within ten days why the final account of Administrator D Curtis Smith should not be approved homologated and funds distributed accordingly. Judges J T Shell and D I Garrett preside in the Fourth Judicial District Court on the 23rd day of April 1070.
Funeral services for Miss Mary Rebecca Myers who died Tuesday at a local hospital were held at her mother’s home with Rev. L T Hastings officiating. Interment followed at Hasley cemetery under Davis-Lawhead funeral home. Pallbearers included A D Langston Jr Norwood Cobb and others. She is survived by her mother a sister and a brother.
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