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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 17, 1929
Page
6
The New Orleans cotton market opened softer then fluctuated with 3 to 4 point recoveries mid session. Exports for the day reached 17 655 bales and futures closed steady with a net advance of 5 to 9 points amid light buying and absorption of declines.
New York reports a very quiet cotton market with trading focused on switching from near to late months. At 2 o'clock prices were 4 to 5 points lower with futures closing 10 to 14 points higher. spot middling at 18.90.
Trading in cotton was mixed with price changes insignificant. The market opened easier due to Sunday weather and July liquidation, then absorbed by spot houses. Weevil news and forecasts of wet spells midweek influenced the pace, keeping values steady despite bearish sentiment.
New Orleans reports cottonseed oil prices closing easy with varied summer and crude futures. Prices listed for prime summer yellow and crude, plus futures for January through December months, reflecting a soft market.
Liverpool reports fair cotton demand with easier prices. American middling stands at 11.44 with other grades listed. total sales reach 7,000 bales, including 5,300 American. Futures close quiet with July October at 9.86 and 9.35 for December and other months around 9.90.
June 17 report shows poultry receipts of six cars with varying prices. Fowls 25 1 2 cents. broilers 34. roosters 20 201-2. turkeys 22 30. ducks 1 20. spring ducks 26. geese 15. geese 25.
Stock prices resumed an upward move with railroad and oil shares showing strength. Several names posted new yearly highs, including Jersey Central and Union Pacific. Oil issues rose on anticipated strong half year results while some staples retreated after profit taking.
Stocks strong with General Electric up 10. Curb market led by American Gas and Electric rising over 6 to new highs. French franc at 1929 high, cotton favored by weather, sugar steady, coffee firm. In Chicago Wheat eased then fell on rains and harvest notes. corn and oats also slid. provisions steady.
Raw sugar in New York was steady at 3.49 a hundredweight duty paid with buyers present and sellers seeking advances. Futures rose early on abroad cues and spot strength but eased to near yesterday's close. offerings absorbed. Refined sugar remained at 5.00 for fine granulated.
Hogs 45,090 with early gains about 10 higher than Saturday's average. later market slow. Butchers and mid to high quality hogs 250 to 200 lbs bring 10.50 to 11.05. 120 to 160 lbs 10.40 to 11.30. Cattle 18,000. calves 3,000. Steers 1500-1500 lbs 14.25 to 15.65. 950-1100 lbs 14.25 to 15.65. vealers milk fed good to choice 13.50 to 16.00. Sheep 10,000. lambs steady to lower. yearlings up 25 cents. bulk lambs 16.00 to 15.50. top 15.76. Fat ewes 6.00 to 6.50.
Butter prices hold steady with receipts at 18 996 pounds and creamery extras 423 4 while standards run 421 4 and firsts 891 2 401 2. Eggs also unchanged with receipts 3 588 dollars and cases. extra firsts 291 2 30, firsts 29, ordinary firsts 27 281 2, storage packed firsts 301 2, storage packed extras 31.
Governor Huey P Long designates August 123 as recall date for C. Canerday, Winn parish school board member, with the event to be held in Louisiana.
Washington June 17 The export debenture plan was introduced in the senate as an amendment to the tariff bill by Senator Norris Republican Nebraska. This aligns with long standing plans of the debenture group to push the proposition into the tariff measure if it is removed from the farm legislation.
About 50 boys and girls from Catahoula parish will attend the 4 H club camp at Lake Bruin from June 17 to June 21. Parish agent Paul Dean notes a daily meeting at Sicily Island with Claude W. Davis and C. W. Hubble and the plan to establish a cream station soon. Fifty percent or more of the alluvial land in the parish is covered by backwater.
Katherine Dexter McCormick sues in Los Angeles to regain custody of millions and her husband Stanley McCormick’s affections. She alleges physicians treating him are wasting resources and alienating him from her.
Denison University in Granville Ohio staged the eighteenth century German comic opera The Doctor and the Apothecary using American slang substitutions in the original sayings. Professor Karl Eschman translated the book to preserve the piece’s spirit.
In Red River parish cotton fields examinations by H. H. Hester reveal abundant hot weevil activity. He urges pre square poisoning with calcium arsenate and says at least half the parish cotton acreage should be treated. Five acre cotton and corn extension projects look favorable with corn crop nearly assured.
President Hoover appointed Benjamin F. Cameron of Meridian Mississippi as federal attorney for the southern district of Mississippi today.
In Sandwich England the British amateur championship opened on June 10 with John Dawson emerging as a co favorite alongside T P Perkins, a noted American connection to the event, as the field began play.
Washington dispatch notes Vesuvius remains Europe’s only active volcano, erupting since 1631 and famed worldwide. It stands 3,890 feet with Mount Somma ridge, and last major eruption was 1906 burying Casa Bianca and Bosco Tre case. Archeologists fear future eruptions at Pompeii and Herculaneum amid ongoing excavations and protected artifacts.
The State Supreme Court handed down numerous decisions across civil and criminal cases. Several judgments were affirmed or amended, with some appeals dismissed or remanded to lower courts for further action. Notable items involve Levee district, education board, and various corporate and individual parties across Orleans, Caddo, and Tangipahoa parishes.
Overruled cases remanded and judgments affirmed in various matters including Willie Tanner vs Police Jury Avoyelles Parish and Exchange National Bank of Shreveport v Holloman Bros. Writs granted for certiorari in several appeals to the Court of Appeal. Mansfield report notes D L Jones from the U S Department of Commerce visited DeSoto parish to discuss dairy marketing and a proposed local cheese plant.
Joe Crowley's Paint Store advertises rental of an electric waxer and vacuum cleaner, with additional services in picture framing offered by the shop.
In Miami on June 17 a gold rug dig site on a vacant lot draws crowds as excavation machines probe for gold said to be buried about 300 years ago. Sponsor G B Mobley cites a Spaniard chart hinting at 170 million dollars in gold nuggets. Drills yielded iron rust lead and gold while seven large chests remain the target.
In Natchitoches Louisiana a parish council of home demolition clubs formed with five clubs represented by Miss Lee Craig Rygon. W L Roy former president of the State Normal College praised parish cooperation for improving home conditions. Miss Tom Bourg LSU district home agent described similar successes elsewhere. M E W Dossitt was elected president.
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