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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 05, 1928
Page
3
Weather and market notes show cotton futures ending steady with a 20 to 25 point decline on some contracts while spot prices held. Daily exports and stock figures cited include a 299 607 stock level and specific price points for low middling and good middling grades.
New York June 5 report shows opening advance on expected more rain in the South followed by selling as weather clears in the Southwest. Trade bought on the fall below 21 cents for October, market quiet and steady with net losses of 6 to 12 points. Late trading bearish boll weevil outlook pushes declines to 16 to 24 points. futures close easy, middling spot at 21.15.
Irregular trading in cotton today with prices closing down more than a dollar per bale. Weather favorable in Texas but heavy rains across the belt, flooding lowlands and overflowing streams from Texas to Georgia. Market opened well but eased due to good western weather and large crop estimates. Weevil reports showed delayed emergence, fueling cautious sentiment ahead of a bullish weekly review expected tomorrow.
Cotton seed oil closed steady in New Orleans trading on June five. Prices listed include prime yellow at 9.75, prime crude 8.50, with various month quotations from June through December ranging around 9.75 to 10.00 and December at 30.05 per unit.
Liverpool APOOL June 5 report shows cotton spot fires steady with American middling at 42.18 and other grade levels listed. Overall sales around 3,800 American and 20,060 bales. futures close barely steady with October 11.03 and December 2.95.
Speculators for the advance regain control of the market amid a brisk rally before midday. Call money opens at 6 1/2 percent the highest renewal rate since 1921. High priced issues show erratic moves with notable surges in Radio Case Threshing Curtiss General Motors American International and others.
Rains in the Canadian northwest push Chicago wheat lower with No 3 northern spring around 1.43 1 2 and No 1 mixed about 1.54. Corn slips to about 1.06 1 2 to 1.08 with oats easing. provisions hold steady and rye shows no sales.
Livestock receipts for hogs reach 28 000 with strong to 5 cents higher on better hog grades 180 pounds and up. lightweights slow. Cattle receipts 8 000 with good demand for light steers and yearlings, heavy steers slow. yearling heifers up to 14.50. Sheep 10 000 with fat lamb sales steady to higher on light supply. best lambs around 16.25 to 17.89 per 100 pounds.
A fragment lists items including Butter High 105 tabs and creamery. The readable portion mentions Batter and Eggs SoBe and a 54 reference, but no clear event or full context is present.
Poultry prices and receipts noted in Chicago on June 5 with live poultry steady. Receipts total seven cars with fowls 23 to 39 cents, springs 30 to 39 cents, broilers 27 to 30 cents, spring broilers 38 cents, geese 14 cents.
Call money strong with bids near 6% and high 6 1/4% in New York. Time loans firm with 60 to 90 days at 6 1/5, 4 to 6 months at 5 1/4, and prime mercantile paper at 4%. Bank acceptances unchanged.
Liberty bonds closed varied with Liberty 3 1-25 at 100.9 and Liberty first 4 1-48 at 101.16. Liberty 3rd 4 I-45 at 100 while Liberty Ath 4 1-4e stands at 101.25. Treasury 4 1-ds trades at 113.06 and Treasury 4s at 108.5.
In Kansas City on June 6 the Republican national committee backed Emile Kuntz aligned slate, seating Louisiana four delegates at large by 55 to 41 over Walter L. Cohen led contest. The committee again rejected the uninstructed delegation claims and deferred eight Louisiana seat disputes to later session.
Miss Hazel Philpy of Shreveport and James Parrino of Bastrop were married at St. Joseph's Catholic Church in a nuptial mass conducted by Father John GC Marsh. The couple, after the ceremony, will reside in Bastrop following trips to Shreveport and other cities.
Cement work started on Vine street and Walnut avenue in Bastrop covering seven blocks. Rain slowed progress and owners expect to petition for more paving blocks soon. Will Rabe, aged three, died after falling into a bucket of hot water in New Orleans yesterday.
North Louisiana singing convention filled the 2500 seat John Brown tabernacle in Ruston despite showers. Texas performers the Vaughn Stamps and Roanville quartettes drew heavy applause with base solos and guitar accompanied numbers. Next session moves to West Monroe in November.
The late S. W. Norsworthy Sr age 67 prominent Collinston planter died at home Sunday. Funeral services were at the residence and interment followed at Carter cemetery Bastrop La. He is survived by his wife five sons and two daughters.
The West Monroe council awarded a $7,000 contract to Lane Louisiana Co. for a new artesian well to 600 feet. The 750 gallons per minute well will be the city’s third water source. J. L. Hayes was named water works superintendent starting June 15, replacing Earl Becton.
Dr. H. H. Sherman of Nashville, assistant secretary of the general board of education of the Methodist Episcopal Church South, has been tendered the presidency of Kentucky Wesleyan College to begin July 1. A decision is expected within a week.
Reports from a wireless station at Dodorsk Londisk Riberia indicate possible calls from the Italia. The trawler Loutchinski near the Murman coast also picked up calls believed to be from Italia but atmospheric interference prevented full communication.
Reports from Kings Bay state wireless messages from the Italia claiming a landing on Franz Josef Land are met with doubt by searchers. Lieut. Luetzow Holm plans to search north of Spitzbergen with dog teams, while the plane Hobby under Holm nears Virgo Bay for a possible reconnaissance as weather favors flight.
Baton Rouge reports an administration bill in the legislature proposing a four-cent-a-gallon tax on natural gas gasoline produced in the state to fund textbook replacements and other school needs. The McClanahan carbon black measure adds a four-tenths of a cent tax on carbon black or one cent per thousand feet of gas used, with an option for a one-cent tax if carbon black yield per gas volume exceeds three pounds.
Miss Eileen MacKinnon and Miss Lucille Theodore performed as the class sings. Rev J A Kirkbride from Shreveport spoke on graduation as emancipation and enduring life lessons. He cited a hare and tortoise fable, Shakespeare, and a European painting to urge fidelity integrity and self guidance after school.
The graduation program urged graduates to pursue a clear purpose, hard work, and belief in God, citing figures from history and urging noble living. A valedictory praised character over fame, followed by diplomas and a note on Saint Vincent's scholarship. A separate medical-advertisement section promoted Fletcher's Castoria for babies and children, touting its safety and a motherhood book.
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