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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 14, 1929
Page
14
New Orleans June market notes heavy liquidation after early gains. Cotton futures drifted lower with July at 18.57 and October 18.68 while December hovered around 18.60. Exports for the day totaled 7 832, and prices closed steady with slight declines.
The government report on domestic production for May and the boll weevil situation by early June aligned with expectations and prompted realizing gains. Futures closed barely steady with declines of 15 to 8 points and spot market quiet after initial declines. opening prices for various futures listed.
New Orleans wires report cotton fell after two bullish government notes and poor weather. Weevil infestation details surfaced late, triggering selling yet traders remained bearish as May consumption nears last year’s level and total season demand runs higher by about 100,000 bales.
Jack Wood aged two years three months died at his grandparents home near Eros after a two week illness. Burial took place at Pleasant Grove Cemetery with H C Murphy pastor officiating. J A Felkner 76 died at his daughter's residence after days of illness and will likely be sent to Dallas for interment. Joseph Trimble three and a half years old died at his parents home and funeral will be held at his residence with Rev L T Hastings officiating and burial in River View Burial Park.
Heavy profit taking tempered the market after an open surge. Rail stocks led late gains with Nashville Chattanooga & St. Louis up 8.5 points to a 215 record, New Haven near 110.5, Atchison up 4.5, Canadian Pacific 3.25. Commonwealth Power at a fresh high 228 and American Water Works rose over 5. Also reported were gains for Montgomery Ward Sears Roebuck and Associated Dry Goods amid mixed action across utilities and coppers.
Chicago markets opened with wheat up 1 4 to 7 8 cents, then added gains as corn and oats firmed, advancing 1 8 to 7 8 cents. Provisions moved lower as buyers awaited new relief measures.
Market report records steady Cottonseed Oil trading with prime summer yellow at 8.85 and prime crude 7.75 to 8.00. Futures show January 9.00, June 8.55, July 8.60, August 8.65, September 8.80, October 8.85, November 9.00, and December 8.85.
Brief market update notes mixed closing in stocks with several listings showing gains and declines. Investors rotate assets amid uncertain mood as traders weigh earnings and economic signals.
Chicago market report shows hogs at 21 000 head slow with 20.25 to 11.00 for 250 to 300 lbs. Cattle 2 000 and calves 1 000 slow and steady with steers 1300 to 1500 lbs 14.25 to 15.50 and 950 to 1100 lbs 14.25 to 15.00. Vealers milk fed 13.25 to 15.76. Sheep 10 000 active strong to 25 cents higher with native lambs 15.25 to 15.65 and yearlings 11.85 to 12.00 fat ewes 6.00 to 6.50.
Butter prices fall with receipts of 12 395 tubs as creamery extras trade at 42 3 4 to 41 3 4 cents. Firsts 39 1 2 to 40 1 2. Eggs decline with 19 814 cases received and extra firsts at 30 and firsts at 29 1 2 to 28 1 2 cents. storage packed extras at 31.
Liverpool reports cotton in fair demand with higher prices. American grades lead with 1113 for strict middling and 1053 for middling. Total sales reach 7 000 bales, 5 500 American, receipts 2 000, American 100. Futures close quiet with July 1005 and May 1006.
New York sugar markets opened firm with refiners showing interest at 3.49 and raw futures up 1 to 8 points. Early gains of 5 to 6 points are seen on covering and outside buying while refined demand remains strong and price dates are noted.
Markets at a glance show irregular action with Commonwealth Power rising to a new peak and U S government bonds advancing. Curb trading heavy in Commonwealth and Southern, Canadian dollar discounted, cotton down on favorable weather, sugar up, coffee down. In Chicago wheat steady, corn up on poor weather outlook, cattle steady, hogs down.
Swayze’s market returns to a new space in Steele’s grocery at 218 Grammont Street corner of Jackson Street. Gus Swayze and W G Peevy will run the first class market with modern counters refrigeration and equipment. Local and Kansas City fresh meats poultry and cured products will be sold.
Henry G. Brock a Philadelphia banker who served three years for killing three people in an automobile accident has become a member of the county prison inspectors board.
Mr. Swayze has operated in the meat business for fully 26 years in this city and can provide the purchasing public the benefit of his extensive experience and dependable quality at a fair price.
Poultry prices in Chicago on June 14 show alive weights weak across categories. Broilers 34 385, roosters 20, turkeys 22 50, ducks 17 20, spring ducks 28, geese 15, spring geese 25. Irene Sims Notary Public News Star Office.
At Angola penitentiary farm nine camps offer reading and writing instruction to 454 inmates in 28 classes. About 320 prisoners, all volunteers, are African American. Classes meet Tuesday Thursday and Saturday for 24 lessons with convict teachers paid a nominal salary under S. J. Jones's supervision and penitentiary cooperation.
An oil portrait of Harney Felix Brunot, associate justice of the Louisiana Supreme Court, was presented to the East Baton Rouge Bar Association in Baton Rouge. Brunot, previously a district court judge for 26 years, has sat on the high court bench since June 4, 1925. The gift came from painter Harry A. Nolan of New Orleans, with Col. T. Jones Cross delivering it.
A brief OCR fragment records numbers and coins 25¢ 18¢ 32¢ and a note 2 pees, leaving unclear context or item described. The readable parts emphasize monetary figures and a plural noun.
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