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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 11, 1928
Page
10
The cotton market in New Orleans on June 11 saw only moderate activity with prices fluctuating and no clear trend. An early 9 to 3 point rise due to weather gave way to declines of 18 to 22 points before a recovery, with exports totaling 83,611 bales and spot prices steady. Futures closed steady with small declines.
New York June 11 Cotton prices eased and then fluctuated within a narrow band amid reports of rains and forecasts of showers. Futures closed easy with slight declines across active months. middling spot price around 20.95 cents per pound. Opening bids listed January 20.50, March 40, July 20.62, October 20.71, December 20.60.
New Orleans reports show cotton prices easing after early strength as rain and hedging talk spread. Disturbances in Utah and Colorado threaten more wet weather while Texas reports mixed moisture. weevil activity rises and damages squares. traders note dry weather is needed despite forecasts of further rains.
Cotton spot market in Liverpool shows easing prices with American influence. middling values range from 11.46 to 11.96 and various grades listed. Demand weak, 6,000 bales traded including 5,200 from America. no receipts. Futures closed differently with July at 10.93 and other months around 10.70 to 10.80.
Mrs. Mary E Parker died after a lingering illness at age 96 at 216 Ood street. A native of Geore a she lived much of life in Ouachita parish with a large circle of friends. She was a West Mon le Methodist member with funeral at her residence at 4 pm conducted by Rev F J Leon and Rev Hastings. Interment at Faulksville cemetery on Ruston road. She lived with her son W M Parker who died on April 20 and was mother to five sons including Frank L Parker of this city. Grandchildren and others survive.
New York stocks faced mixed results as selling pressure intensified late, with extensive declines in high priced favorites offset by rebounds in some issues led by Radio. Volume dipped below 2 million in early trading but later totals reached about 3.1 million. notable movers included Delaware & Hudson and copper shares Greene Kanawha.
Chicago prices opened with a setback as favorable spring wheat weather and lower Liverpool quotes influenced values. Wheat eased briefly then rallied. corn oats and provisions showed firmness with modest advances. Reports note specific bid levels for No. 4 red wheat, corn, oats, rye, barley, and seeds, while closing figures show unsettled wheat and mixed moves across other grains and fats.
Baton Rouge June 11 156 bills started a heavy week as the Louisiana Senate prepared to convene. Senator Williamson will push a bill requiring state agencies to draw warrants on the state treasury. Senator Gilbert opposed and failed to recommit the measure 18 to 16. The Labbe measure to permit a one cent gas tax faces administration moves to place four cents before voters.
In Sydney the two Australian pilots Captain Charles Kingsford Smith and Charles Ulm rest with American crew members after their Oakland to Sydney flight. They plan a Melbourne leg of about 600 miles before a formal world flight plan is announced. Navigator Harry W. Lyon and radio operator James W. Warner join the Melbourne stop before future steps.
Hogs 58 000, market steady to strong. top 10.05 for 190-280 lb hogs. feeders 9.40 10.05. Cattle 20 000, calves 4 000, steady to 25c lower. top 14.75 for slaughter yearlings. Steers 1200-1500 lb 13.25 14.75. 1100-1300 lb 13.25 14.85. Sheep 18 000. fat lambs 50-75c lower. yearlings and feeders down. lambs 15.75 18.00. medium 14.65 15.75.
The Fifth District Medical Society will convene tomorrow at 5 p.m. at St. Francis Sanitarium. Papers will be read by Dr. Robert Deonglias of Shreveport and Drs. W. L. Bermider, ED. I. Hirsch and J. Q. Graves of Monroe. After the first paper, dinner will be served.
W. W. Williams, a negro, was taken into custody Saturday by the sheriff's department on a charge of stealing four horses from John R. Patterson, a grocer on Grammont Street, on November 20. The complainant in the case is Isaac Perry.
In Trepassey Newfoundland thick fog and rain delayed the Friendship monoplane’s planned dawn departure for Europe. Amelia Earhart Wilmer Stultz and Louis Gordon said a morning takeoff was possible if conditions cleared, following a week-long stay after their Boston flight.
New Orleans market shows steady cotton seed oil prices with contracts for prime summer yellow at 9.55, prime crude around 8.50 to 8.75, and futures for January through December ranging from 9.65 to 9.98 per unit. Local Associated Press notes supply conditions and near term firmness in the market.
Liberty bonds in New York on June 11 closed with Liberty 8 12-2s at 106.8 and Liberty 1st 4 at 101.6. Liberty 3rd 4 1-4s stood at 100, Liberty 4th 4 1-48 at 101.26, while Treasury 4 1-48 and Treasury 4s traded at 113.12 and 108.7 respectively.
Chicago June 11 Poultry alive steady with receipts of 65 cars. Fowls 23 1 2 cents per pound springs 38 broilers 25430 spring broilers 37 spring ducks 25 spring geese 26. Get Angeleme brick. Save valuable coupons.
New York call money markets show firmer highs at 6 with lows around 6 1 2 and a ruling rate near 5 1 2. Time loans ease for 69-80 days at 5, 4-6 months around 6 1 2, prime mercantile paper quoted 4 1 2 to 4 3 4. Bankers accepts range from 4 1 8 to 4 1 2 for various periods up to 60 days and 80 days, with several notes on 4 1 8 and 4 3 4.
Chicago market notes show butter prices easing with a drop in receipts to 17 786 tubs. Creamery extras rise to 43 while standards stand at 42 1 2 and extra firsts at 41. A0 40 4 2, paconds 38.
Kansas City crowds of women delegates and hostesses surge ahead on the eve of the convention opening. Women push planks, back speakers, and attend key events at the National Committee and candidate headquarters. Borah’s name is floated as a prohibition plank token at a luncheon hosted by Mrs. Peabody with Mabel Willebrandt and Bertha Lindsey in attendance.
Mrs Judson M Grimmett of Shreveport is slated to be elected as the Republican national committeewoman from Louisiana to succeed Mrs Emile Kuntz of New Orleans as the convention organizes. Kuntz may be reelected and backs the change as a rotation. Grimmett says she is eager to learn and participate in party work.
Major General Henry T. Allen announced permission for friends to present his name to the national Democratic convention for the presidential nomination. A Kentucky native, he is noted as a temperance advocate who supports strict enforcement of the 18th Amendment and has a long service record including the Philippine constabulary, El Caney refugee camp, and command of the 90th Division in World War I.
Washington June 11 Col Thomas H Jackson of the engineers corps received a recess appointment from President Coolidge to be president and member of the Mississippi river commission succeeding Col Charles L Potter who retired on account of age Jackson will also sit on the flood control board created to decide on a uniform plan for flood control in the Mississippi valley
Charles A. Levine postponed the planned Curtiss field take-off of the Bellanca monoplane Columbia piloted by Mabel Bell due to bad weather at sea. The party planned to fly to Europe with possible intermediate stop at Old Orchard Maine, weather reports indicated a storm along the route.
Fourteen Mississippi Delta county farm agents arrived in Bastrop from Greenville by bus for a farm inspection tour of northern Louisiana and eastern Texas. They visited Morehouse parish farms, paper mills, and the Louisiana Power plant at Sterlington, then proceeded to Shreveport en route to Monroe. The group plans a June 20 return and a cotton dusting demonstration at Selman Field with E R Strahan.
Nineteen arrests were made Saturday and Sunday by the police department with charges including speeding four, fighting two, held for other authorities two, possession of whisky two, parking overtime one, carrying a concealed weapon one, whisky sale one, failure to stop at a right of way one, gag felony, drinking disorderly and investigation.
Five inmates slit a jailer with a homemade blackjack and stole keys to flee from the DuPage county jail in Wheaton. Four joined the breakout. fifteen others stayed in cells as Sheriff Hattendorf fired on the escaping vehicle. The ringleader, “Limpy Charlie” Cleaver, faced federal charges for a previous Evergreen Park mail train robbery.
A fragment notes a nighttime event in Blanks Alley involving an individual who ran away from the scene. Details are sparse and identities are unclear. Further readable facts could specify person names, location, and outcome.
Eighteen crew members of the airship Italia are adrift on broken ice floes near Spitsbergen. Two groups report two injured, with the gondola snapped and rescue efforts hampered by fading radio signals from Citta Di Milano. The crew struggles to reach land as conditions worsen and ice closes in.
J H Lewis of De Queen Ark traveled over 100 miles to Shreveport Louisiana to try Sargon Soft Mass Pills after stroke damage. He reports rapid relief, says the medicine cleanes tongue improves strength and digestion, though distributors caution against claiming a cure for paralysis.
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