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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 15, 1929
Page
2
The Orleans market reported light weekend liquidation in cotton with offerings small and absorbed as prices slipped 7 to 6 points from highs. July positions eased due to near term delivery liquidation. overall market closed steady with modest declines of about 5 to 6 points.
New York reports further declines in cotton prices as renewed selling and weak bullish signals dampen demand. Trading closes near day’s lows with minor net losses, though some buying emerges on expectations for Sunday showers.
New Orleans June 15 A cotton market showed a disposition to halt today pending further weather and weevil developments. Price changes were small with a bearish tilt driven by yesterday's government reports. The weather forecast calls for showers in the east and west with a warmer midweek, while heavy weevil infestation is noted in Grant Chicot and Desha counties, suggesting possible crop pressure.
Livestock report from Chicago June 15 shows hogs at 11,000 head with prices around steady to 10 cents lower than Friday. Butchers and medium to choice weights hover 10.25 to 11.20. Cattle 300 head mix with feeders and yearlings up to 80 cents higher, top steers and yearlings 15.40. Sheep 4,000 with fat lambs 85 to 95 cents lower, western lambs 16.65, natives 16.50, yearlings 12.25, fat ewes about 7.00, week tops: western lambs 15.80, natives 15.65, yearlings 12.00.
Liverpool on June 15 reports moderate cotton sales with lower prices across grades. Prices listed for strict good middling to good ordinary and sales of 6 000 bales including 3 300 American. receipts 2 000 with 600 American. futures close July 9.97 October 9.92 December 9.91 January 9.92 March 9.96 May 9.98.
Poultry market totals listed with alive fowls springs broilers roost ers turkeys ducks geese and spring varieties in Chicago trading. Numbers include 4 care fowls 26 springs 39 broilers 24 35 roosters 20 turkeys 2 30 ducks 17 20 spring ducks 28 geese 15 spring geese 25.
Extensive week end readjustment of speculative accounts caused some irregularities but overall activity stayed up with rails and copper stocks in the lead. Adams Express rose 24 points in its first tape appearance while Pere Marquette New York Central and St Paul preferred gained about 2 or more points.
New York stocks rise with New Haven and Norfolk and Western hitting new highs. U S government bonds dull. Commonwealth and Southern opens with a block of 100 090 shares. Foreign exchanges irregular as sterling hits a 1929 low. Cotton and sugars show holiday, coffee also. Wheat steady in Chicago on dry Canadian weather. corn down on larger country offerings. Cattle irregular and hogs steady.
Active buying lifted wheat prices after word President Hoover would sign the farm relief bill at noon. Reports of dry weather in Canada and potential showers in domestic winter wheat territory added to the market tone. Wheat opened down then rose around. corn eased then rose. oats firm. provisions steady.
Butter unchanged with receipts of 20,113 pounds as Chicago markets report. Eggs lower at 21,508 cases with extra firsts 924 80, firsts 29, ordinary firsts 27 284, storage packed firsts 30, storage packed extras 31.
In New Orleans on June 15 the market closed steady for cottonseed oil with prices listed for several futures. Prime summer yellow 8.50 and prime crude 7.75 to 8.00, with contracts for January 9.00 and various June to December figures from 8.60 to 8.95 reflecting steady demand.
Hackensack high school principal Edward T. Marlatt bans sunback frocks and instructs girls to avoid stocking less attire. Any violation will lead to dismissal as he says the line must be drawn to prevent bathing suit style clothing at school.
The annual tax sale drew a large attendance as 67 parcels were auctioned by C D Meredith with 58 parcels for the parish and 9 for the city. Six parcels were adjudicated to the state for nonpayment. The event ran from 11 15 a m at city hall to 1 p m at the court house. The largest tract of 245 acres sold for 303 dollars. Mortgage creditors paid delinquent amounts to save properties from sale.
Washington June 15 The Kansas senators Arthur Capper and Henry J Allen Republicans announced their support for confining tariff revision to agricultural commodities They backed Borah's pending resolution arguing revisions should be limited to farm products and such other needed commodities and that textiles could fall under the scope The House tariff bill now before the Senate Finance Committee covers a wide range of commodities and existing schedules
Former Governor Sidney J. Catts faces charges of aiding a counterfeit ring. The trial in federal district court was postponed to fall at the request of defense counsel because his aged attorney son could not attend next week. Julian Diaz pleaded guilty to related charges. Mateo Mir and Adolpho Dominguez pleaded not guilty.
Melbourne Fra June 15 Man has lived at least 25 000 years on the North American continent Dr J W Gidley Smithsonian Institute finds near here an ancient stone scraper and crude arrow head beneath a mastodon bone with bones of extinct animals in the same layer Aims to refute claims that man appeared less than 6000 years ago The finds bridge age gaps with Europe and include a wide array of extinct species The discoveries were made in a swamp deposit and will be studied to fix the deposit age Singleton cooperated with Gidley and excavations continue under Dr Thomas Barbour Harvard University
Farmerville notes list Beatrice Smith home from Tallapoosa to spend summer, plus several visitors and locals passing the week in Farmerville. Traynor Helms of Colorado visits John Everett, and others journey between Monroe and Dallas for holidays and schooling.
Fathers Day will be observed nation wide tomorrow when sons and daughters will gift their fathers with ties socks cigarettes or cigars. The day accompanies Mother's Day which has become widely observed.
William R. Pharr a cotton man in Memphis Tenn was convicted of aiding and abetting J Ramsey Beauchamp in misusing nearly 600000 of Old Union and Planters Bank and Trust funds. Judge Harry B Anderson sentenced him to four years in the Atlanta Federal penitentiary after overruling a new trial motion. Pharr gave notice of appeal and was released on 5000 bond.
A 22 year old American, son of Mr and Mrs M R Schrieber of Portland Maine, hid in the rear storage of a plane crossing to Paris. After landing at Cape Chambre the crew released fuel to shed weight while the stowaway joined the aviators at a local hotel and expressed joy upon reaching solid ground.
A non gauged well near Richland parish is forecast to produce about ten million cubic feet daily open flow. It spews clouds of sand and mud, alarming local department staff. Within a mile and a half, seven other drilling operations run by Palmer corporation and Millsaps property ventures involve P. M. Atkins J. T. Austin and associates. S. D. Hunter is not connected.
Assolant Le Fevre Lotti and Schrieber, four French aviators, landed in a Spanish town by surprise. They thanked locals, described varied weather on the journey, and noted a stowaway required extra gas to reach altitude. They planned to continue toward Le Bourget and deliver Paris mail.
A patrolman faces a July 2 hearing and is jailed in default of a 5000 dollar bond. L L Drill, US district attorney at St Paul, says he is authorized by Washington to seek removal to federal court for the White case, now in Koochiching county custody. Bitter town sentiments prompt a Hoover telegram from County Attorney David Hulburt and local leaders pleading for intervention.
The executive reportedly sold the entire interests in the company and severed all connections in June, a move announced today. The timing and parties involved were not specified in the report.
High winds during the Newark storm damaged several airplanes at Newark Metropole airport. A Boston-bound plane carrying eight passengers landed safely after diverting and losing altitude to 1,200 feet. One man was unconscious and a dog killed as debris and a broken flag pole affected a branch of the Broadway Merchants Trust Company bus line.
Monroe May E Woolman of Del Air Service Inc presented plans for a new passenger air route linking Fort Worth to Atlanta with two possible paths via Texarkana or Monroe. The Delta Service field lease complicates changes, but Evans praised Selman Field and anticipated a start within a week or ten days if agreements proceed.
Theora K. Hix 25 medical student at Ohio State University was found murdered near Columbus. She resided in Bradenton Florida with her parents Melvin and wife and had not been home for years. Friends say she had several recent appointments with a man described as 40 years old and an Ohio state employee. The case involves a man who knew the girl and was in Columbus Thursday night and returned to Bono yesterday. Authorities withheld further details awaiting investigation.
S H McReynolds Jr left last night for Washington and will report July 1 to the United States Military Academy at West Point after a two week visit. He has received appointment to the academy.
Mrs. Mabel Walker Willebrandt leaves New York amid farewells at Grand Central Station. Mayor Walker jokes about Atlantic water ritual and the new air rail system that could bring her back by midweek, delivering light commentary on the trip.
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