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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 07, 1929
Page
14
Cotton prices showed no clear trend amid a volatile session in New Orleans. Futures swung from intraday declines to gains before settling lower by 6 to 19 points with March and December near 18.7 to 18.9 cents per pound and total exports totaling 6,865 bales for the day.
New York reports a modest rise in cotton prices driven by cautious weather outlooks and southwest crop optimism. After initial gains of around 8 to 13 points, the market eased on grain and stock weakness, finishing near altered levels with declines of up to three points.
In New Orleans on June 7 the cotton market showed irregular movement with early selling tied to reports of lower wages for British spinners and favorable weather. A rally followed on buying and short covering as Texas and Oklahoma produced mixed crop news including heavy weevil emergence and infestations. Market sentiment shifted toward buying as prospects for weekend figures remained strong and rainfall was limited. Visible supply fell to 2,285,949 bales from 3,555,292 the prior year while exports stayed about half a million bales ahead of last year.
G W Newman aged 64 died Wednesday morning after years of ill health. A resident of Franklin parish for 25 years he managed the Carl Shipp & Son plantation near Wisner. Survived by wife and five daughters Mrs J Menn Wisner Mrs J A Farley Wisner Mrs I A Deerman Bunkie La Mrs Luther Pittman Mae and Mrs J N Hammett Holly Cemetery interment held Thursday.
Out of Wisner, a longtime resident died Wednesday after several months in ill health. The death ends a life spent in local work and community circles.
Traders faced renewed opposition to a market recovery as Call money held at 7 percent and indices fluctuated. Wealthier shares showed gains on higher news, but Commonwealth Power tumbled from a peak, while Radio corp. faced liquidation. Investment Trust securities began trading on the NYSE amid mixed sentiment.
Sloss-Sheffield Steel & Iron in Birmingham, largest merchant pig iron producer in the U.S., omitted the common dividend due to unfavorable Birmingham district conditions. Pig iron prices sank below 1928 lows, with 1928 net income at 1,079,900 dollars or 6.11 dollars a share, while 1927 was 6.82. President Hugh Morrow cited price declines offset by lower costs in 1928.
Chicago grain markets show a lively advance led by wheat on June 7 as rain in the southwest tempers sellers. Opening gains of 5 to 11 2 cents were extended before a partial pullback while corn oats and provisions also moved higher amid brisk buying and rapid fluctuations.
The listing shows numerous equities with prices and movements across chemicals, dyes, textiles, and major industries. Notable entries include Am Car & Fdy, Am Woolen, Atlantic Ref, General Mot, Pennsylvan, Reading, US Steel, and Westinghouse Electric with varied last prices and fluctuations. Indicated are minors like Pan Am, Packard, Pullman, and Woolworth among others reflecting a broad market snapshot.
Hogs 15 000 mostly 25c higher top 11.25. cattle 2 000, calves 1 000 mostly steady with steers 13.75 15.25 per 100 pounds. vealers 12.50 15.50. lambs 15.75 16.85. ewes 5.75 7.00. feeder lambs 12.50 13.50. Also listed are weights and price ranges for various classes and grades.
Chicago June 7 poultry slive steady with 1 car receipts. Fowls bring 28 to 29 cents, broilers 36 to 40, roosters 20, turkeys 22 to 30, ducks 18 to 23, spring ducks 28, geese 15, spring geese 25.
Butter prices steady with receipts of 14,188 tubs. Creamery extras 41 1 2, standards 42 1 2, extra firsts 41 to 42, firsts 39 1 2 to 40 1 2, seconds 8 to 20. Eggs rise with receipts of 19,058 cases. extra firsts 31, firsts 30 to 30 1 2, ordinary firsts 27 1 2 to 29, storage packed firsts 31 1 4, storage packed extras 1 1 2.
The obituary notes Mr. Newman aged years died after an illness confined to bed for about two weeks. A longtime Franklin parish resident of 25 years he managed the plantation of Carl Bhipp and Son of Wisner. Survived by a wife and five daughters Mrs Spann Wirner Mrs Farley Wisner Mrs Deerman Bunkie La Mrs Pittman Shreveport and Mrs Hammett Shreveport. Interment was in Grove cemetery Thursday afternoon.
Union parish to canvass every farm on June 18 for a dairy cow census. The Farmerville Lions club pledged its entire membership to the task. Ed Everett, chairman, outlined the plan for four parishes Union Lincoln Jackson and Bienville.
Cottonseed oil markets show steady closes with prime summer yellow at 9.70 and prime crude near 8.12 in New York. Price lines for months from January to December range around 9.05 to 10.28 amid sales totaling 23,300 units.
Liverpool weekly cotton statistics show imports of 55,000 bales with 20,000 American and a total stock of 1,021,000. Spot prices rise with American goods mixed. sales total 7,900 bales with 4,000 American. Futures close steady with July at 10.93 and other months around 10.00 to 19.05. Receipts include 15,000 bales, 5,200 American.
Raw sugar unchanged this morning with no sales reported. Futures opened flat to down two points and stayed easy by midday, while refined sugar remained at 5.00 a hundredweight for fine granulated.
Geneva June 7 The welfare of the white collar workers worldwide dominates the agenda of the international labor conference. A preliminary report on hours of work has been sent to member governments. The office surveys global censuses and current laws, limits on normal hours, exemptions, and enforcement measures.
Malicious prowlers struck the Louisiana capitol in Baton Rouge by breaking two window panes in a governor's outer office. A night watchman heard the glass break but found no trace of the intruder, despite earlier fire-set attempts in the building.
The Curtiss Caproni corporation will construct a factory at Baltimore Municipal Airport on a 25 acre site costing over one million dollars. The plant will manufacture airplanes for Curtiss Aircraft.
Fliers Captain Martinez Pinillos and Lieutenant Carlos Zegarra departed Mexico City this morning traveling from Washington to Lina for a flight to Guatemala City.
Windsor authorities say King George had a good night. Dr Henry Martyn visited him for about an hour at Windsor Castle to monitor his condition.
The Louisiana Library Commission endorses summer reading with a list of 25 titles from Alcott to Roosevelt. The selection spans adventures, poetry, fairy tales, and biographies, including Pinocchio, Treasure Island, Robinson Crusoe, and The Trumpeter of Krakow, among others.
District court began the State versus Albert Holland trial for carnal knowledge of an unmarried female under 18 with her consent. The offense is alleged to have occurred in early 1928. A five man jury includes J. R. Greer, W. F. Watkins, H. M. Venable, William Bynum, I. B. Rogers. At 2 p.m. the case had not yet gone to the jury.
An advertisement offers 25 cents for five gallons at a location reachable by dialing phone number 4230. The notice presents a simple bulk fuel promo and directs readers to contact the listed number.
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