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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 10, 1961
Page
16
Cattle 721 head sold with various slaughter and stocker price ranges. Hogs 106 head sold with price bands for different weights. Broilers 288200 head with most at 11 cents. Hens 2000 head at 8 cents. Eggs 80 percent grade A or better with price per case for large to small.
Butcher hog prices finished steady to 25 cents higher on Friday led by weights over 270 pounds. 5,000 head were on offer with No 1 and 2 200-220 lb hogs at 17.25 to 17.50, 190-230 lb 1-3 at 16.75 to 17.25, and 200-240 lb 1-3 and 2-3 at 16.25 to 16.75. Heavier hogs fell to 14.50 for 300-350 lb No 3. Sows topped at 14.75, mixed weight steer sales included 1,355 lb at 22.75 and 1,413 lb at 21.75. No heifers or dealers offered. bulls 18 to 20. Sheep lambs steady at 20 for choice springers and 18 for good and choice.
Liquidation dominated late trading on the Board of Trade with prices turning weak across grains. July soybeans fell about 20 cents over four days, closing 52 cents lower, while corn oats and rye also declined. Traders cited weekend stop orders and evening-up selling as dominating factors.
Stock sales figures list approximate final Friday 3 520 000 and prior days 3 810 000 plus 3 667 480 for the week 4 843 330 for the month 2 940 060 a year ago and 2 579 300 two years ago. Cumulative totals show January 1 to date 525 831 673 for 1960 to date 344 647 106 and 408 606 627 for 1959 to date.
Monroe police investigate the theft of a 24 inch J. C. Higgins bicycle reported yesterday by Earnest Smith of 808 S. 17th St. The bike disappeared between 6 and 7 p.m. Wednesday and features white sidewall tires an electric horn light and front and rear luggage carriers.
Cotton futures fell 30 to 80 cents a bale on Friday as liquidation in nearby July contracts unsettled the market. Hedge selling rose after earlier gains, with Southern spot markets quiet. New Orleans prices closed steady to lower with spot values unchanged.
Tele prompter Corp acquires three community TV antenna systems in California and Oregon for over 1 million dollars. Spartan Corp wins a 1.2 million dollar military contract for sonobuoy devices. Hewlett Packard to build a 1.5 million dollar research plant near Loveland Colorado. Beatrice Pocahontas Co formed to develop a new coal mine near Grundy Virginia employing about 400 with 1.2 million ton annual capacity. General Instrument reports a 4.09 million dollar Air Force contract for portable microwave radio sets. Detroit car production up 48 percent to 126,905 units this week, near last year’s pace. American Viscose to build a dietary additive plant, Avicel. NYC retail sales show modest gains with mixed demand. women’s apparel and new cars up while major appliances lag.
New York AP reports traders note a market pause with potential midterm declines before any advance resumes. Kidder & Co cites weaker seasonal news, steel demand dips, auto output leveling, and price cuts in copper and steel as pressures. Analysts expect consolidation near highs with possible base for future gains, though international tensions and Kennedy Khrushchev effects add caution.
Sales and closing prices for the 15 most active stocks in New York show gains and losses. Notable moves include Lockheed Air, General Motors, Celanese, Raytheon, Gen Elec, Royal Dutch, and Gen Tel & El with mixed percentage changes.
Jack S. Dyer traffic manager for Olin Mathieson in Monroe was installed as president of the Delta Nu Alpha Transportation Fraternity Monroe chapter at the Virginia Hotel banquet. Officers included J. H. Rogers as vice president and John Gooch as secretary treasurer.
UPI reports Dow Jones industrials finish at 700.90, down 0.79. rails and utilities also retreat with 20 rails at 143.93 and 15 utilities at 113.77. Bond closes show minor declines and the commodity futures index ends at 145.65.
AP wires report mixed early stock moves fading as bonds show irregular quiet trading. Cotton weak from liquidation and hedge selling. Chicago wheat and corn fall on late selling and liquidation. Oats slide with corn. Soybeans mixed as July trades soften. Hogs steady to 25 cents higher topping 17.50 while cattle face tight slaughter steer supply limiting market testing.
A 19 year old escapee from West Monroe prison work detail was arrested by Monroe police less than two hours after escaping. Allen White of Monroe walked off a West Monroe work detail around 2 p.m. and was arrested at 3:50 p.m. He is charged with simple escape and returned to West Monroe jail. White was serving a 120 day sentence for DWI and indecent exposure.
U.S. Ambassador Edwin O. Reischauer leaves for Washington to arrange a June 20 arrival of Japan's Prime Minister Hayato Ikeda for a six day official visit with President Kennedy.
Robert H. Easterling was elected to the board of directors of People’s Homestead and Savings Association. He is LSU Law School graduate, president of the Fourth District Bar Association, and serves on multiple legal and civic boards. He lives at 2002 Riverside and attends Grace Episcopal Church.
The body of Jereline Lawson, 14, was recovered about 1 p.m. seven hours after she disappeared. Sheriff Bailey Grant said a 17-year-old sister Shirline Lawson remains missing as search and river dragging continue. The six occupants, four Black youths and one white boy, manned an 11 foot boat that sank after taking on water near a cotton region crossing.
Six Louisiana Tech freshmen with top scores in summer term math placement tests are named by Dr. W B Temple. The high scorers from El Dorado McGehee Ark Farmerville Ferriday and Minden will receive automatic credits for college algebra and trigonometry and may complete calculus by year's end. More than 130 freshmen took the test this summer.
Ruston and Arcadia will begin color photo licenses next Monday July 12 announced by Col M J Roden. A camera will be set up in the State Revenue bureau on the Court House ground floor. applicants will receive a receipt and have their photo mailed to Baton Rouge for development before final delivery.
The New York market closed with subdued activity 3.52 million shares versus 3.81 million, smallest session since Jan. 20. Crown Cork & Seal, Singer Manufacturing rise while Maxwell Factor and Revlon gain. Dow Jones falls 0.79 to 700.90. S&P 500 off 0.01.
The Ouachita recorder lists multiple transfers including the National Mortgage Association to the Federal Housing Commission for lot 31 unit 4 in Kiroli Woods for 10523.02 dollars and numerous transfers to individuals and companies such as B M Hudson to C A Burney for Epsteins Addition Swartz for 2000 dollars and others like James Albert Godwin in Pecan Grove for 153,500 dollars and American Home Construction Inc to Joseph Roy Phillips for 14,500 dollars. Other notable deeds include Nathan Jordan to the State of Louisiana Department of Highways for portion of Ouachita Cotton Mills Subdivision for 5 dollars and Joe Frank Rabun to Marjorie Norwood Rabun for half interest in Greater Monroe Homes lot 2 block 5 unit 3 for 100 dollars cash plus 12,400 dollars mortgage assumption.
The Louisiana Annual Conference of the Methodist Church named a 28 member board of trustees for the new Glenwood Hospital in West Monroe. West Monroe trustees include L. A. Branch and Judge Jesse Heard among others. Monroe reps include Kent Breard and Tommy Pitts. others from across Louisiana include Archie Bridges, Rev. Douglas McGuire, and Bishop Aubrey Walton.
Actress Joan Blondel aged 51 rests comfortably at St. John’s Hospital in Santa Monica after a ruptured lumbar disc forced her to quit the stage production of Bye Bye Birdie. She expects to return to work on Monday.
In the Monroe district the majority of pastors were reappointed for another year following the Louisiana Methodist Conference in Shreveport. Appointments include district superintendent George W. Harbuck Bastrop First Luther Booth Memorial Nolan and many others across Parishes and towns with G. W. Pomeroy and W. M. Allen among district leaders and chaplains named.
A 24 year old Wisner man, Heckary Barlow, was injured when his pickup overturned on Highway 875 five miles west of Wisner. He was taken to Roglers Clinic then Conway Memorial Hospital with serious injuries after colliding while attempting to pass Wilton Hoggatt. Hoggatt, 42, Wisner, was charged with improper passing. Barlow’s truck suffered about 1200 dollars in damage.
Defense counsel for Muslim leader Troy Bland Cade asked for and won a postponement of his district court trial to June 23. Cade, 30, faces grand jury indictments on criminal anarchy and flag desecration after a prior Monroe municipal court conviction. He has been jailed on $12,000 bond since the indictments.
Cudd Boamer Pickett 59 of Bastrop died Friday in Alexandria hospital after illness. He was brother of Leon Pickett of Monroe and a retired United Gas Co employee. He farmed and raised cattle at his death. He had lived in Morehouse Parish since 11th. Funeral services pending at Loch Arbor Church with burial in the church cemetery under Blackwell-Golden Funeral Home. Survivors include two daughters Mrs Curtis Menefee Shreveport and Mrs Fred Rinehart Kirksville Mo five grandchildren two sisters Mrs Elma Hart and Miss Ethel Pickett. Pallbearers named as Lee Tarver William Lawrence Charlie Shannon D L Brown Albert Spillers Jack Walker.
The Louisiana Horological Association convention opens here today and runs through Sunday drawing watchmakers and families from across the state. A banquet in the Green Room of the Penn Resort Hotel leads to a Roy Brennan Blue Notes dance with Joanie Lee and Ray Carroll. Registration starts at 9 a.m. in the lobby and Rev. George W. Harbush will deliver the banquet address. Bo Formby of Homer presides over convention sessions.
Moscow dispatch says Pravda and other Soviet newspapers published the full text of President Kennedy’s Vienna summit report marking a rare disclosure in Russian journalism. The publication emphasizes the high level of interest in U.S. policy following the talks.
Three people were fined and one bond forfeited in West Monroe city court yesterday. Five were released after charges were withdrawn. Mae Johnston was fined 25 dollars for simple battery. Etheleen Worthen paid 10 dollars for reckless driving. Abe Fields was fined 24.50 dollars for driving without a valid license. Sara Mayo forfeited a 3 dollar bond for making a U turn.
The Monroe District Methodist Music Association hosts a choir clinic at Southside Methodist Church Monroe from 9 a.m. to 4 p.m. A business session follows. Classes led by Florence Z Albritton Earl Redding hymnology and children gallery conducted by Irvie Lee Temple with dinner provided.
The Census Bureau reports half of American families earned at least 5600 in 1960, about $200 more than 1959, with a similar $200 gain for full year male workers. The apparent purchasing power gain is about two percent due to inflation.
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