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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 06, 1938
Page
7
Cotton prices eased moderately in New Orleans with profit taking and foreign selling. July at 4.09, October 8.13, December 8.14, January 8.16, March 8.25, May 8.24, down 3 to 10 points. near-term positions dominant among overseas offerings. Hedging and selling trimmed gains in final hour. day closed barely steady with declines 12 to 15 points. Exports for the day were 5 934 bases.
In Hot Springs the locals split a twin bill with Monroe, winning 14 to 8 in the opener and losing 9 to 6 in the nightcap. Individual highlights include Harper's homer, Medak and Schang driving runs, and strong pitching by Bronkhurst and Hunter. Umpires Wilder and Hunter officiated the day, with attendance and exact times noted for both games.
Southern by Associated Press. Manager Doc Prothro of the Little Rock Travelers announced plans to fix weak spots and sold Gerard Lipscomb to the Atlanta Crackers. Birmingham and others won or lost as leaders shuffled. Little Rock remained first with a .600 pace while the Lookouts slipped after two losses. MaJeski fueled Barons in both wins, and Nashville edged the Crockers in a tenth-inning rally.
Tallulah Louisiana officers were elected at the June Tallulah Book Club meeting. New officers include Mrs. R. S. Gayle as president and Mrs. Lamar T. Lee as vice president. Also elected were Mrs. Douglas Fortner Jr. secretary, Mrs. Starrett treasurer, and Mrs. D. H. Allen parliamentarian. Mrs. C. E. Hester reported on the recent triennial of the General Federation of Women’s Clubs in Denver, with remarks by Mrs. W. J. Ward and Mrs. Horace Maxwell.
Hand to hand fighting rages in the hills northeast of Mora de Rubielos as insurgents halt attacks on the town. Government dispatches say a northern push stalled ten miles away for three weeks and a western approach blocked eight days at Valbona. Daladier probes border as Spain bombings continue. Paris reports unmarked Spanish planes crossed the frontier. France warns of further errors and discusses defense with border commanders.
Chinese troops withdraw toward Chengchow as Japanese forces close in on Chungmow and Lincheng to protect the Peiping Hankow line. Japanese observers say Chengchow defense lines form to blunt the advance, with Kaifeng evacuated and held mainly as a rear guard action.
A report shows International Harvester tops the list as the most important manufacturer with Deere and Company second. Merritt of the Farm Equipment Institute declines to comment until the full report is released. The study reveals concentration of voting power among a few large firms, especially in harvesting machines and tractors, while horse drawn implements show less dominance. Nine shareholders controlled 37.9 percent of International Harvester voting stock and 14 held 49.1 percent of Deere and Company. The commission notes that dominant firms’ policies shape industry conditions.
In Pasco Washington Freddie, amid 6 000 fans, called time out then walked off the mound for a long drink. Refreshed, he halted the Beavers to claim his ninth Pacific Coast league win of the season his first as a pro. Mormon cricket invasion sparks social upheaval as predatory birds join bluebirds and quail to feast on insects.
Chicago pupil Patricia Curran, age 13, with top grades for three years, entered five Catholic high school scholarship examinations and won all five, securing decisive early success in the scholarship race.
The Rev. Eldon A. Brown of Calvary Presbyterian Church posted a traffic safety note on the church bulletin board urging drivers to "Save a soul today" and observe a twenty five miles per hour speed limit on the boulevard, adapting his save a soul creed to road safety.
Reynolds secures a comfortable majority over Lewis E. Teague of High Point and Oscar G. Barker of Durham in the sixth district. C. B. Deane of Rockingham and William O. Burgin of Lexington lead in the eighth among eight candidates. Run-off primaries set for July 2 in both districts.
Unqualified backing for Roosevelt policies sparked a fierce Iowa Democratic senatorial primary. Guy Gillette fought administration foes while Otha Wearin campaigned with WPA ties and White House praise. Labor split, Gillette backed by AFL, Wearin by CIO leaders. polls close at 9 p.m. eastern. Also noted are Reynolds's North Carolina renomination and Indiana North Dakota contest lines.
Ambassador Davies visited Molotov and Kalin in Moscow and unexpectedly met Stalin as he entered the office. Davies, in a black suit, spoke of his capitalist stance which drew a chuckle from Stalin. The meeting appears to be the first in more than a year of Davies in Moscow.
Congressional leaders abandoned hopes of adjourning this week as wage hour battles and relief bill delays persisted. Conferees grappling over a national standard debated exemptions and a fixed path from 25 cents to 40 cents an hour, with southern opposition challenging broad exemptions. The Senate bill faced resistance, while the House favored a uniform approach, and a labor board concept drew AFL opposition.
Newark city commissioners split over the assault on Socialist candidate Norman Thomas at Military Park Saturday night. Thomas accused Mayor Ellenstein and Hague of complicity, while Public Safety Director Duffy orders a full probe and a fellow official bars future outdoor speaking events by Thomas. One man was hospitalized, four arrested for disorderly conduct as police, bands, and flags contrasted with the demonstrators.
U S production of carbon black reached 510.6 million pounds in 1937, up 24 percent from 1936. Texas Panhandle led with 405.25 million pounds, Texas and Louisiana accounted for most growth, and plant counts rose to 57. Gas use climbed to 341.085 billion cubic feet, with yield up to 1.50 pounds per thousand feet. Producer stocks totaled 100.5 million pounds at year end.
Spot cotton in New Orleans closed quiet, down 15 points. Sales reached 113 bales as low middling price fell to 6.82, middling 8.07, and good middling 8.62 with receipts at 419 and total stocks 709,560.
The long hunt for James Cash was nearly concluded as investigators questioned Betty Howard, a Miami waitress, after she rode with two agents to the FBI office and then left alone. Nine nights have passed since the child Skeegie was kidnapped, with federal law presuming cross state line abduction if not returned in seven days. Rain discouraged lingering as visitors passed through Princeton.
Lawmakers debated a tick eradication tax on meat and dairy and a $75,000 appropriation to buy Huey P. Long’s New Orleans home as a museum. The floor also considered the $110,000,000 general appropriation bill and a pending sales tax plan. The governor must sign to trigger rules on collection, with a tokenless bracket system reportedly planned.
A proposal aims to accelerate relief through a quick start on PWA projects with peak enrollment around 3,000,000 and a spending plan of 59 million dollars for direct relief of unemployables. Food and clothing would be supplied via the Surplus Commodities corporation as industrial centers receive aid while opposition emerges over a senate amendment to loosen spending timing and amounts, conflicting with the rule to spread funds evenly across relief programs.
Prague faces a growing crisis as Czech Premier Hodza urges autonomy proposals and independence certainty. He defends the move before interruptions by supporters while noting doubts over maintaining order within borders. Britain France and the United States are cited as recognizing the peoples’ heroism and resolve.
The average price of middling cotton at 10 southern spot markets today was 7.96 cents a pound. For the past 30 market days the average was 8.48 cents a pound.
New York June 8 report shows cotton under pressure from foreign sources, especially Bombay, with mid afternoon losses of 15 to 18 points. Near months traded as prices declined, partial rallies drew more liquidation. October dropped from 8.05 to 7.96, with futures finishing 15 to 17 points lower.
In New Orleans on June 3, cottonseed oil closed steady with bleachable prime summer yellow at 7.50 nominal and prime crude same. July 7.34b, Sept 7.15b, Oct 7.07, Dec 7.03b, Jan ack June with bids noted. In New York on June 6, bleach able cottonseed oil futures fell 3-5 points with sales of 35 contracts: July 7.87b, Sept 7.64, Oct 7.556, Dec 7.53, Jan 7.55b.
Livestock figures show 15 000 hogs with 6 000 direct and active demand up to 10 higher than Friday. Cattle and calves totaled 17 500 with steers scarce and yearlings steady to weak. prices active, steady, or higher on some classes. Sheep 5 000 head including 1 400 direct, fat lambs and springers active with gains noted in lambs and steady sheep trading.
New York reports a steady stock market with a slowing rally as profit-taking eases. Bonds and utilities show strength while governments improve. Curb trades up, mining and industrials gain. Foreign exchange steady. cotton and coffee quiet. Chicago wheat falls on favorable weather. export demand softens for commerce. Cattle flat to weak, hogs rise up to ten cents.
New York stocks rose early on a rallying market but profit taking trimmed most gains with volumes around 500000 shares. Investors eyed Congress adjournment delaying prospects, while sentiment edged toward a possible market bottom as speculation kept hopes for quick pump priming alive amid limited overseas demand and a varied sector performance led by steels, motors, coppers, and rails.
Chicago grain prices moved higher early as heat over 90 degrees in the southwest suggested faster plant development and risk of black rust. Wheat July opened up to 72 3/4 to 72 1/4, September 73 1/4 to 5/8. By close, July 71 1/8 to 1/4, September 72 3/4 to 1/2. Corn down with July at 37 to 38, September 57 3/4 to 8. Oats eased 3/8 to 1/2.
In New York on June 6 sugar futures opened higher then fell under liquidation and producer hedging. July No 3 slipped from 1.87 to 1.83 while March moved from 1.96 to 1.92. No 4 July and March eased, with quotes around 0.951-2. Total sales reached 38,050 tons with July 1.83b, Sept 1.87b, Med 1.92b and May 1.95b.
A Chicago market bulletin lists poultry prices for multiple categories. Hens over 5 pounds at 17 1 2 cents, broilers colored 19 cents, Leghorn hens 16 cents, fryers colored 19 cents, Plymouth Rock 20 cents, whites 23 cents, roosters 13 1 2 cents, turkeys hens 19 cents or toms 16, ducks 13 1 2 to 14 1 2 cents, geese values, and a stray note about a dog from a polar expedition now in Moscow.
The report asserts that national minority issues were unrelated to Czech Slovak ties, which remained harmonious. It states the Hlinka movement comprised a very small faction of Slovaks harboring discontent.
Butter totals 1,531,154 lbs with varied grades from creamery specials to standards. Eggs steady with 28,410 cases graded fresh and local extras and firsts, current receipts 18 to 19 cents per unit, storage packed at 20 1-4.
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