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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 10, 1930
Page
12
Cotton trading in New Orleans was quiet with fluctuating prices. Liverpool cables lagged, but early losses were pared as shorts covered and later gains emerged, July 14.87, October 13.97 with mid session rallies. By close, prices steadied up 1 to 9 points from lows, exports 6,182 bases.
New York June 10 AP reports cotton showing tentative recovery after yesterday's decline. Moderate rallies were checked by renewed July liquidation while reports of favorable weather spurred selling of new crop months. Futures closed steady with mixed gains and losses. spot market quiet at 15.25 cents.
New Orleans June 10 The cotton market showed a two sided, fairly active day within a one dollar range and closed with little change. July firmed on rally in stocks and weather hopes, while farm board news and the stabilizing coop took over spot holdings. Trading sentiment remained leaning toward selling amid bearish weather and mixed textile outlook.
New Orleans reports steady cotton seed oil trading with contracts for summer and near dates listed. Prices show slight variation across months from June to December with values around 6.75 to 7.58 per unit and notable monthly futures figures.
Foreign exchanges ease in New York with Britain quoted at 4.85 5-8 dollars per pound and France at 3.92 5-8, alongside rates for Italy Belgium Germany and other currencies as of June 10.
The stock market remained unsettled after a sharp late drop, with a morning rally followed by renewed selling and firmer afternoon gains. U. S. Steel May tonnage, dividend cuts at Houdaille Hershey and Tubize Duplex, and price changes across firms marked the session as traders weighed margin calls and potential recovery.
Markets show irregular activity with speculative issues advancing after early heaviness and a pivotal rally. Bonds hold steady as foreign exchange firm. cotton weak on poor weather, sugar soft on weak demand, coffee down on selling. Chicago wheat aided by rain in Canada. corn and cattle steady, hogs lower.
Chicago grain notes show wheat opening down 1 4 to 3 4 cents and sliding further through the day. Corn oats and provisions also weakened with corn easing to 1 4 to 1 2 cents, oats steady to 1 cent, and provisions dropping 10 to 15 cents. Wheat closes 7 to 8 1 3 8 cents lower than yesterday.
The list shows numerous industrials and rail names with varied prices. Highlighted entries include American Car & Foundry, American Sugar, General Electric, General Motors, and Northern Pacific, with mixed performance across sectors.
Chicago June 10 hogs 25 000 mostly lower with yesterday's tone 7 000 direct. Butchers medium to choice 250 300 lbs 9 65 10 05. 200 250 lbs 9 75 10 15. 160 200 lbs 9 75 10 15. Cattle 6 000 calves 3 000 generally steady slow. steers 1300 1500 lbs 11 50 13 75. 1100 1300 lbs 11 00 13 25. 950 1100 lbs 10 75 13 25. Fed yearlings 750 950 lbs 11 00 13 00. Wealers milk fed 10 50 13 00. Medium 9 00 10 50. Sheep 5 000 steady native lambs 12 25 12 50. fat ewes mostly 4 00 down. lambs 92 lbs down 12 00 13 00. Ewes 150 lbs down 3 00 4 50.
Cotton market report from Liverpool June 10 shows spot prices easing with American cotton values mixed. Sales totaled 2 000 bales including 1 400 American. receipts 1 000. futures closed quiet with July to May contracts ranging 7.52 to 7.54.
Chicago June 10 Potatoes and old stock scarce sales to quote new stock steady trading fair southern markets report Bliss Triumphs at 2 25 8 40 with few fancy higher prices observed all amid a tight supply backdrop.
Boston June 10 James Myers industrial secretary of the federal council of the Churches of Christ in America said the south long hour shifts night work for women low wages and poor living conditions fuel textile labor unrest. He blamed mill conditions rather than outside agitators while addressing the national conference of social work on southern textile problems.
In Newark New Jersey on June 10, Atheists were barred from testifying in common pleas court at the trial of Dozier W. Graham a negro charged with hostility to the government. Graham a communist candidate for the U S Senate allegedly shouted fight the police when officers broke up a communist gathering. Judge Walter D. Van Riper barred witnesses who denied belief in God.
Unfilled orders of the United States Steel Corporation fell by 294 993 tons in May to 4 059 227 tons as of May 31 from 4 354 220 tons on April 30, reported by Associated Press.
O D Crocker 30 died from a knife wound inflicted Saturday night. Suspect Tom Christy 83 held on cutting with intent to kill, likely to face murder charge. Crocker used alias C B Dyers and lived in Brownville from Alabama. His father W T Crocker of Elba, Alabama notified and expected to arrive. Body held at local undertaking establishment pending family instructions.
The War Department announced a 1,286,300 dollar allotment from a 10.8 million reserve for flood control work on the Mississippi and its tributaries. The distribution covers Green and Barren rivers in Kentucky, several streams in Arkansas, the Cumberland, Red, Yazoo, Ouachita, and Big Black rivers across multiple states.
President Hoover signed a bill creating a textile foundation to administer the $2,000,000 fund for developing the textile industry in the United States.
Mrs. Ada May Boling asks Memphis police to search for her husband James H. Boling 43 a tuberculosis patient and ex serviceman who has been missing for an extended period in Memphis Tennessee.
Charles Rosenthal, a 93 year old retired merchant from New York, says he played billiards with General Grant and still smokes three to four cigars daily.
Grover C. Loening and his fiancee Miss Marka Truesdale plan a wartime ceremony with Archdeacon Scott flying from Quebec to Long Island to perform the marriage.
Senator Watson, Republican leader, urged adoption of the tariff bill conference report in the senate. He quoted a tariff commission analysis showing 1 222 items changed, with 887 increases and 255 decreases, calling it a limited revision favorable to agriculture.
Rain on June 10 forced a second postponement of the ten round bout between Tommy Loughran of Philadelphia and Ernie Schaaf of Boston. The fight, which was set for last night, is now rescheduled for tomorrow night.
Poultry alive traded steady in Chicago on June 10 with 1 car quantity 28 trucks, fowls 21 to 22 cents, springs 29, broilers 20 to 28, roosters 13 1 2, turkeys 18, spring ducks 117 18, spring geese 20.
Butter and eggs trading in Chicago shows unsettled butter with creamery extras at 31 3 4, standards at 2, extra firsts 29 80, firsts 28 28 1 2, and seconds 26 27 while eggs hold at 23 844. Prices listed reflect market activity with steady or unchanged tones.
Raw sugar held at 3.27 with no sales. Futures trade was light as operators waited on tariff outcomes. Refined sugar remained at 5.50 for fine granulated while demand stayed moderate, with approximate 15,100 tons sold in futures. July 1.87, September 1.46, December 1.56, January 1.59, March 1.65, May 1.72.
Jimmie Simpson, proprietor of a Louisiana brokerage house, had charges of operating a gambling house and receiving horse race bets dropped for lack of evidence in Monroe police court. Officials said arrests would continue for betting on racing and similar activities elsewhere. The business remained open as of today.
Lake Charles records 740 unemployed, Southwest Louisiana region totals 1 836 cases in Calcasieu Cameron Jeff Davis Allen and Beau regard parishes. Chas E Chavanne, district supervisor, released the figures covering Lake Charles Jennings Oakdale DeRidder Vinton Sulphur and DeQuincy.
The treasury net balance on June 7 stood at $75,058,569.88 and customs receipts for the month to that date totaled $11,660,506.81.
In a litigation, E. G. Seibold, secretary to Henry Ford, reveals that Ford is the largest holder of Ford Motor Company stock, clarifying his role and status in the company.
In Dublin Michael O'Hanlon six feet eight seeks Captain Kingsford Smith to relay a message to his brother Tom in Philadelphia six feet five. Mike is nicknamed Tiny in a lighthearted family pursuit.
The West Monroe election attracted little voter engagement as residents mostly used the straight Democratic ticket. A write in option existed for non-Democratic votes, but officials expected only a few such ballots and overall interest remained low.
William Fatheree aged 18 of Richland parish died last night after an operation at a local hospital. He is survived by his parents Mr. and Mrs. G. O. Fatheree and burial was in Thompson cemetery near Sykes in Jackson parish. Laura Graham 81 died last night at her son Archies home west of West Couroe on Jonesboro road. She leaves four sons Ellis Jeff Archie Hadley Graham and three daughters Mrs E. P. Searbruck Mrs Charles Saxe and Mrs S. M. Mallett and a sister Mrs C. E. Slocum. Services were held at First Methodist church For est Hill near Alexandria with interment in the local cemetery.
Lawmakers debated the highway commission owing money to parishes amid New Orleans financial strain. Frymire argued taxes blocked by the state tax commission and debt to parishes. the resolution condemning Governor Long's involvement was defeated 89 to 47.
Frank Powell a 16 year old escapes from a Muskogee hospital window to avoid an impending appendicitis operation and a return to a Florida reform school. He was arrested by city police and turned over to county authorities after escaping from the state reformatory earlier. The sheriff said Powell planned to return to the reform school.
The trial of J. C. Vaughan a New Orleans mechanic charged with the murder of H. H. Comley a Damon Texas merchant on April 5 likely to be postponed due to the absence of a material witness Vaughan's former wife was with Comley when he was shot through the head in Houston Texas by United Press.
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