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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 16, 1964
Page
8
Late markets report mixed sentiment with Dow at 800 held by Reynolds while predicting a bull run to 1000 by mid 1965. New Orleans and Chicago notes cover cotton futures, fresh bean and vegetable prices, and livestock quotes with cattle and hogs showing varied strength.
Speculators moved the grain futures market at a moderately active pace in Chicago trading today. Wheat contracts attracted buyers and improved demand while soybeans reversed a recent decline. Corn and soybeans posted minor gains at times with varying receipts noted: wheat 1 car, corn 43, oats none, rye none, barley none, soybeans 5.
Baton Rouge AP reports a state audit flags questionable transactions in Union Parish police jury payrolls for road employees. The audit for the year ending December 31 was extended through April 1964. The report is signed by J. B.
Eugene Pearson, president of the Union Parish police jury, stated he had no comment on the audit report today and may issue a statement later. The jury began its session at 10 a.m. at the courthouse in Farmerville.
Lancaster auditors flag payroll abuses linking relatives of police jurors to Ward 2 and Ward 9 payrolls. Richard Thomas, son of J. L. Thomas, shows 10 hour days at regular pay, $1,740 in 1963 and $930 in early 1964, with possible unpaid work. Paul Davis, son of G. C. Davis, earned $2,397 in 1963 and $766 in four months of 1964, including nine Sundays. Davis was said to work at a Sterlington chemical plant. An investigation is noted to have occurred.
West Monroe's board of aldermen will convene at 5 15 p m today to discuss and possibly adopt a city electrical code. The session was postponed last week due to the absence of mayor pro tem Earl Duncan, who is an electrician.
AP says in 1961 62 Scranton and Goldwater showed opposite voting records on six JFK era measures. Scranton backed all six, Goldwater backed none, including debt limit raise to 308 billion and foreign aid continuation. Both opposed urban affairs department and 1962 farm bill, but backed postal rate increases and antipoll tax amendment.
BATON ROUGE AP The House Judiciary Committee rejected a bill by Rep. Maurice Landrieu to cap grants in aid at 360 dollars a year for students attending private segregated schools. The 7-6 vote kept the program at the current level and warned of potential financial strain if desegregation bills pass federally.
Judge Jesse S. Heard set June 26 as the trial date for Eldon H. Johnson of Monroe on a driving while intoxicated charge in Fourth District Court. The court also approved the district attorney's office move to nolProse a simple burglary count against Rose Marie Racea of Monroe.
James W. Moore new Fifth District Highway Board member will travel to Baton Rouge on Wednesday for the first board meeting under the McKeithen Administration. He will be joined by R. S. Stewart and the seven veteran members, as Moore visits the Monroe Fifth District Department to meet local officials before the session.
A woman, taken into custody, gave her address as over the levee from Monroe. The incident included minor violations and other actions not specified in detail.
Records show he worked 21 days at the plant in March 1964 while Ward 9 payroll at the police jury office lists 19 days paid for the same month. The discrepancy prompts questions about timekeeping and compensation.
The Dow Jones noon figures show gains across major sectors with the 30 Industrials at 816.84, up 3.28. Rails rise to 204.78, Utilities reach 142.54, and the broader 65-stock index at 289.60, up 0.98. Trading volume reaches 2,090,000 shares.
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