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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 14, 1930
Page
10
The New Orleans cotton market fell to new lows in a short session driven by weak stock markets, lower silver, and tariff worries. July led the decline, touching 18.56 at one point and closing near the session bottom, with October and December also softening and spots at 13.18.
New York reports further sharp declines in cotton prices as old crop liquidation and broad selling of later deliveries persist. July falls to 15.85 with October at 13.15, spot at 13.95, and a generally easy market across futures and spot quotes.
New Orleans June 14 Cotton faced renewed liquidation with July down about 2.50 a bale and new crop prices off around 1.50 as the market closed near the lows. Uncertainty over the farm board stance on July and weak consumption, rising stocks, and disappointing reports fueled selling, with shorts who bought July in May fronting the liquidation. Weather maps show interior Texas and Oklahoma showers with generally fair to unsettled conditions elsewhere. ten month consumption trails last year by 645,000 bales, certificated stocks at 703,000 with the board holding about 600,000, signaling larger July deliveries if required. Market remains unsettled before July liquidation completes.
Midwest cattle and hog markets show declines across most categories from last week. fed steers and yearlings drop 60 to 75, vealers down 1 to 1.50, sheep trading around 4,000 head with lambs and yearlings easing, hogs steady to mostly firm with prices quoted for various weight ranges.
Chicago June 14 butter prices show 16 926 firm creamery extras 32 1 2 standards 82 1 2 extra firsts 0 331 firsts 28 1 2 29 1 2 ads 26 27 1 2 eggs 16 852 firm extra firsts 23 1 2 22 1 2 28 current market notes packed firsts highlighing current prices and terms for dairy goods in the Chicago market.
The market ended the week in a bearish frame with dull trading until the last half hour. Hawley-Smoot tariff passage failed to spark gains, while reports warned of further commodity price declines and seasonal downturns. Copper and several silvered shares fell. International Cement rose on tariff news. total volume about 1.1 million shares.
Markets show overall weakness with stocks lagging and cotton, wheat, and corn all described as weak. Bonds are steady while foreign exchange remains steady with the Spanish peseta again heavy. Utilities lead declines amid heavy curb, and notable trade and crop reports point to bearish Kansas notes and beneficial rains for corn and wheat. Cattle and hogs hold steady in a cautious market mood.
Free selling from the northwest drives the wheat market to season-low levels while rye, corn, oats and provisions also weaken. Wheat closes 14-2? lower. corn down 23-33, oats 4-8, provisions mixed. Major industrials and utilities lists appear, with notable names including Allied Chemical and Dye, American Can, Am Petrol, General Electric, and more on the market watch.
New Orleans June 14 cottonseed oil markets closed barely steady with prime summer yellow at 7.30 and prime crude around 6.62 to 6.75. Futures for Jan at 7.57, June 7.30, July 7.40, September 7.45, October 7.50, November 7.62, December 7.55.
USDA reports wide variety in prices across vegetables and fruits in New Orleans and nearby states. Tomatoes sell 40 to 75 cents per 30-pound box. squash 15 to 25 cents per bushel. cucumbers 50 to 65 cents. peppers 50 cents to 1.00. Okra 4.00 to 4.50 per bushel, butter beans 2.00 to 2.25, snap beans 0.50. Ezg plants 50 to 75 cents per dozen, celery 0.35 to 0.90 per dozen stalks. Potatoes 2.25 to 3.00 per 100 pounds, creole onions 2.75 to 3.50. green corn 1.50 to 1.75 per 10 ears. Cabbage 1.00 to 1.75 per cwt, iceberg lettuce 3.50 to 54.00 per crate. Cuban pineapples 2.00 to 2.25. apricots and plums 2.50 to 2.75. Washington Winesap apples 3.15 to 3.65 per box. Georgia early rose peaches 3.25 to 5.75. Florida watermelons 0.60 to 0.80 each. California cantaloupes 2.00 to 2.75 per crate. Louisiana shipments: 6 cars potatoes, 5 cars mixed vegetables, 3 peppers, 2 cabbage, 1 cucumber.
Chicago June 14 USDA reports potato trading as fair and light. Prices for southern sacks show slight gains with quotation ranges between 2.00 and 2.65 per cwt, reflecting steady to modestly higher activity amid a calm market.
The Phi Kappa fraternity national convention ends with plans for more chapters and stronger organization. Jackson Tennessee will host the 1931 meeting. Delegates attend a barbecue at Indian Mound and a Lotus club bridge luncheon. A Edgewater Country club dance rounds out the day. The Eta sponsor group hosts the sponsor luncheon. Tomorrow the Ela chapter house dedication occurs with a silver loving cup for the finest sponsor.
Dr J E B Walsworth sails July 24 from New York aboard Europia to Bremen and thence to Vienna to study in the medical department of the University of Vienna. He will pursue intensive study of surgery and comparative methods used in European and American hospitals at the world oldest medical faculty established in the 12th century.
Chicago June 14 Wheat futures prices dropped under one dollar as traders sold off amid favorable domestic and Canadian weather reports. July wheat slipped to 99 1/4 cents after the opening, rye also hit new season lows.
New York June 14 foreign exchanges easy with demand noted. Rates: Great Britain 4.85 5 8 in pounds, France 3.92 5 16, Italy 5.23 8 8 in lire, Belgium 13.94 1 2, Germany 23.84 1 2, Norway 26.75 1 2, Sweden 26.84, Spain 11.78, Greece 1.29 3 8, Brazil 11.25, Tokyo 49.37, Shanghai 37.25, Montreal 100 019 16. Great Britain valued in dollars, others in cents.
Two meetings 5700 miles apart in Berlin and San Francisco will be coordinated by radio on June 18. National Broadcasting Company listeners will hear coverage of the World Power Conference with Edison, Marconi, and Lord Derby among speakers. Five short wave transmitters plus U S wire lines link San Francisco to Orange New Jersey and to England and NBC networks for a global broadcast.
Fletcher Hodge, 30, baseball player, sought since his wife was shot Thursday night in Blytheville, Ark. He was found near the farm of Tom Long at Burdette after Mrs. Long fed him and he rested. She alerted her husband, and Sheriff Shaver of Mississippi County arrested him as he walked along a railway track.
In Drew, about 41 residents gathered at D L Whitman's home to work his entire crop after he faced murder charges in the Ance Windham shooting. A district court granted Whitman bond, finding the testimony did not prove murder. He had been jailed about a week without bond as neighbors supported him.
An unidentified man snatched a purse containing $18 from Mrs. Joseph Peplet while she stood in Clarence Saunders' store at Sixth and DeSiard streets. Police Sgt. Pettit investigated but could not identify the suspect, describing him as tall, slim, black, and wearing a blue suit.
Wisner residents and visitors share trips to Natchez Starkville and Monroe. Nobles and families travel for weddings business and visits with relatives across Mississippi and Louisiana including Hyde Graham Lenoir McKee and Brewer households.
Children attending the Vacation Bible School at First Methodist and First Baptist churches can obtain half fare tickets through Municipal Street railway management. Tickets are available from Mrs J A Reid at First Methodist and Mrs A D Tisdale at First Baptist, as in regular public school terms.
Testimony at the federal investigation into the Fairfax-Pinthis disaster said none of the recovered bodies from the oil tanker Pinthis bore burns and that deaths were due to drowning. Forty-seven lives were lost when the Pinthis and Fairfax collided in fog off Scituate Tuesday night. Captain Fred Gower of Shell Eastern Petroleum Products testified he had seen no signs of burns.
Federal Judge W. L. Estes of the eastern district of Texas died at his Texarkana home at 11 a m after suffering a paralytic stroke last Tuesday.
BERLIN June 14 Although the $8 200 000 Young loan issue drew wide confidence the three fold coverage surprised many The public showed scant desire to participate Several large industrial concerns signed for sizable sums and will receive only part of their subscription The share taken by foreign banks or investors remained unclear as analysts study telegraphic returns from 600 offices across Germany
Trial of 15 cases in which International Gas Products company and Richland operating company are accused of defrauding property owners and leaseholders of royalties and severance tax on gas. Cases, set before Judge J R McIntosh in Rayville district court, arise from alleged by passes around meters. Charges filed by Carey Ellis from information provided by Captain R P Webb. Similar charges pending in Morehouse and Ouachita parishes. trial dates not yet announced.
Friends of Mr and Mrs W W Fullington will move to Warren Arkansas as his work shifts. Elizabeth Voak visited Vicksburg last week staying with G W Patterson. Mr and Mrs Earle Jones and daughter Evelyn move from Helena Arkansas to Tallulah at the former Campbell residence. Mrs Tom Hendricks of Grayson visited her parents then returned home with her two children Edgar and Agnes. Mr and Mrs T F McGehee and four children of Holly Springs arrive in Tallulah to visit Linton family. Mr and Mrs H W Lee and daughter travel to Hattiesburg to see Mrs Lee’s mother Mrs Stuart.
In Gulfport Mississippi Henry Cuevas 46 a Lizana merchant withdrew his not guilty plea to a murder charge and pleaded guilty to manslaughter receiving a 15 year penitentiary sentence The change followed testimony showing he shot and killed his 26 year old nephew Leno Cuevas during a May 16 dice game and drinking party at the elder Cuevas home
Two tax sales were held here today, 46 parcels were sold for state and parish taxes and about 265 for city taxes. Deputy sheriff C. D. Meredith oversaw rapid bidding, with both auctions finishing around 12:45. City parcels sold in front of City Hall, parish parcels at the course house, and nonredeemed properties transfer to buyers after one year.
Jena July news lists Mrs J Davis Brown departing for Winnsboro after visiting her parents J B Wright. Families guests include Mrs Mollie Dunslap from Weed Calif and Miss Juanita Kendrick heading to Baton Rouge for summer term. Other visits span Alexandria Pineville Wisner Sikes Pollock Grayson and Texarkana’s Perry and family.
June 14 notice lists Miss Cristine Jones visiting sister Mrs McLaughlin in Antioch while Mrs J D Raley visits Monroe. Miss Elizabeth Hinton from West Monroe spent weekend nearby. Grace Jones Elizabeth Hinton and James Hinton attended LSU Normal graduation. Leon Stout of Delhi stayed with friends. Mr and Mrs D W McMoye of Monroe with Sue Beth visited, Rev R H Staples of Marion led services, Cristine Raley of Monroe visiting relatives.
In Berlin, Hungarian mine worker Joseph Szigert resolved to end his life by taking a pound of dynamite and adding more for good measure before lighting a cigarette. He reportedly planned the act as a final gesture, with no witnesses described.
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