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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 04, 1927
Page
5
Weather favorable in New Orleans and a readjustment to New York losses kept cotton prices on the downgrade through today. July futures fell to 16.95 and October to 16.72 while December reached 16.95 as shorts covered late. spot cotton closed steady with sales of 1,082 and receipts 2,068.
Cotton futures eased as showers in southeast Texas raised liquidation hopes. Oct futures fell from early highs to near 16.86 while July and December closed around 16.95 and 17.20 respectively. overall market steady with 8 to 9 point declines in futures and spot middling at 6.75.
Heavy rains in the corn belt pushed corn higher while drought relief in Kansas eased wheat. Opening prices showed corn up 1 1/8 to 1 1/8, wheat trading near unchanged, oats following corn with mixed shifts, and provisions generally weak.
Butter holds firm with 19 381 tubs received and varied finish prices from 37 38 to 40 2. Eggs total 27 710 with firsts at 19 1 2 and 20 0 2, storage packed at 22 1 2. Poultry receipts show 3 cars with fowls at 18 2 3, broilers 19 2 3, and assorted fowl categories list prices in the low 20s.
Cotton seed oil closed easy in New York. Prime summer yellow at 9.10, prime crude 7.87 1 2 8.00 with future quotes for Jan 10.05 June 9.10 July 9.25 Aug 9.45 Sept 9.69 Oct 9.87 Nov 9.89 Dec 10.00. Sales totaled 7,900 barrels.
New York reports a marathon dance contest where police halted a black bottom event after contestants collapsed. Margaret Miller, 18, won after dancing thirty nine and a half miles, receiving a handsome silver cup and the title black bottom dancer of New York.
The market opened higher than expected but turned reactionary after the first half hour as traders realized rains may be too late for western Texas. Map postings lifted hopes for drouth relief over Sunday, sparking realizing and liquidation with selling from large buyers. Eastern states show better crops. weevil emergence rises at most reporting stations. overall market leaning toward further liquidation before trends clear.
New York stocks move irregularly with a moderate recovery after a heavy opening. Public Utilities led gains with American Water Works Commonwealth Power and Standard Gas and Electric at new highs. Pittsburgh Coal rose on takeover hopes. Vick Chemical and Houston Oil show strength while overall turnover nears one million shares. Weekly review notes a record number of issues traded and broad participation despite adverse news, with continued money ease and dividend payments fueling the advance.
Unusually heavy trading was seen in the Missouri Pacific and Chicago Great Western issues as investors shifted positions amid uncertain market conditions.
Sergeant W A Lenard and Officer H B Parker are on vacation with a summer rotation to cover duties. Officer F K Ham named sergeant pro tem. Theater managers O D Donnell and C Selley attend a ten day Bay St. Louis managerial course. Charles Q Rodriguez named United States commissioner succeeding B A Trousdale. Red Cross fund gains $8 from D Justice. R H Grant donation of $5 mislisted. Assembly of God services listed with Rev E R Fitzgerald preaching. Oscar Henry Williams visits Monroe from Miami. Rev Elijah Hearne attends Second Quarterly Conference on Stone avenue.
S A Nalley died Friday at 5 25 p m at 504 South Twenty third Street after typhoid pneumonia. He was son of Ben Nalley longtime principal of the Methodist Female College at Waco and his mother Miss Bell Shook taught there 22 years. Born in Hill County Texas he lived in Monroe since 1916. Survived by wife Beatrice Shook and three daughters Hazel 16 Mabel 12 Willie 8. three brothers Dot Nalley Orange Texas Euchie Nalley Bynum Texas and Sam Nalley address unknown. three sisters Mrs Montie Walker Teague Texas Mrs Treaty O Connell Dallas Texas Mrs Orange Pearcy San Antonio Texas. another sister Beulah died in infancy. Funeral at First Baptist Church tomorrow at 3 30 with Rev L T Hastings officiating burial in Hasley Cemetery at 4 30 Sunday.
Mrs L J Zimmerman aged eighty three died near New Orleans Thursday morning. The body will arrive in the city tomorrow and be taken to her daughter Mrs Peyton E Pilcher 301 North Sixth Street West Monroe for funeral tomorrow at 4 pm. Burial is in Hasley cemetery.
Mrs. Janie Valentine 74 5 28 died at home near Grayson after a leg fracture. Interment at Cross Roads cemetery. Survived by 11 of 14 children Ada Emmong Lucy Stamper Malissie Monroe Rosa Barnes Myra Meredith Dorcas Wiles Laula Ferguson W C Valentine Benjamin Valentine Perkins Valentine Lee Valentine. A longtime Baptist active in church affairs. Her husband W M Valentine died 1926. Born December 8, 1852 in Mississippi.
St Matthews school reports high achievement by students for the past year with numerous honors across conduct attendance language and sciences. Top recognitions include Good conduct Joe Muffeletto Frank Wellerman Politeness Charles Womack Regularity Paul Le Blanc and more with promotions to the Senior class for six students.
United States figures Thomas D. Schall William R. George Frank C. Babbitt and Thomas F. Bayard are listed as having birthdays today with ages ranging from 50 to 69. The brief notes give their birthplaces Reed City Michigan West Dryden New York Bridgewater Connecticut and Wilmington Delaware. The item highlights distinguished roles including U.S. senator founder of George Junior Republics and college professor.
Biloxi Miss June 4 Loving swains must show restraint in city parks this summer under a new Biloxi ordinance banning petting fondling or other improper exhibitions of affection between opposite sexes. Violations carry a fine up to 100 dollars or up to 30 days in jail or both.
A Morgan and Lindsey chain store opens in Monroe on DeSiard street near Jackson street with a formal reception June 17. C A Morgan will be resident manager, newly arriving from Mansfield, as the Jasper Texas headquartered firm expands across Texas Arkansas and Louisiana with 25 departments offering furniture paints silks glassware hardware and more.
In Worcester on June 4 the American golf team led four matches as the first 18 holes of 36 decided Ryder Cup play against Britain. Diegel shot 70 to lead Ted Ray, while Watrous opened 33 but faltered to 78 total. Robeson, Turnesa, Golden, and others held early advantages with Americans seeking three wins and a half to clinch the trophy.
Rev J W Lee of Grayson, long ill, was brought back to Ansley Sanitarium from Riverside on Thursday as doctors hope to avoid another operation. His son Clarence, a pre med student at High Point College, stays with him. Friends and Ansley circuit churches rally with volunteers as ministers fill his churches.
Paris educators say modern French girls substitute logic for intuition through intensive Latin study, which is credited with shaping them into keepers of classic traditions. Boys increasingly turn to science and the practical arts.
Otis E. Hodge announces that the Hodge-Hunt Lumber company assets including 100000 acres in Jackson and Bienville parishes and a majority of North Louisiana Gulf Railroad stock were sold to Southern Advanced Bag & Paper. The new owners plan a pulp mill and paper plant with a 45 mile pipe line and gas supply from Monroe or Richland fields.
Colonel W. H. Sullivan writes H. R. Speed that reconstruction progress is steady with Vice-chairman W. P. O’Neal overseeing operations and Mr. Carnes aiding via the New Orleans Association of Commerce. The Red Cross will help only with ready needs reported by local committees. New Orleans headquarters are at 224 Camp Street.
In St. Cloud France on June 4 Jean Borotra and Rene Lacoste defeated William T. Tilden and Francis T. Hunter in the international hard court tennis championship doubles match. The scores moved 4-6 6-2 6-2 3-8 6-2.
The embassy staff return to coffee and rolls for breakfast, after adopting grapefruit cereal ham eggs and sausages following Lindy’s arrival.
The article describes a note from Chamberlin to Captain Lindbergh about weather and the Columbia flight with Levine aboard, including distress gear and navigation tools. It also details the charter and initial directors of Sterlington Oil Co Inc, listing officers D Y Smith Mamie T Davis and Harvey L Gregg and their shares, with witnesses and notary.
Parish notary records the formation of Sterlington Oil Company Inc under Louisiana law Act 277 1914 with domicile in Ouachita Parish Sterlington principal place of business. The charter sets objects to operate filling stations sell automotive parts vehicles and real estate. capital stock initially 5000 dollars 50 shares. duration 99 years with corporate succession. Autographs of organizers and witnesses accompany the document.
In the Matter of Smith Brothers Ltd Bankrupt No 3322 the trustee will auction on Friday June 10 1927 between 12 and 5 pm at the bankrupts former business in Monroe Ouachita Parish Louisiana. The sale includes stock of merchandise furniture accounts receivable one share of A L M Ry Co and a Ford truck with liens cleared. Terms ten percent cash balance on court confirmation. Inventory on file with trustee Monroe La May 27 1927.
In the Succession of John M Callender deceased No 2684 in Ouachita Parish Fourth District Court Alvin A Callender petitions for re administration of the estate. Notice is given to show cause within ten days why the petition should not be granted. Witnesses Judges Percy Sanadel and J T Shell dated May 26 1927 Deputy Clerk Leon H Poo Huey P Long attorney May 1.
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