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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 18, 1926
Page
7
Orleans June 18. Cotton futures closed steady to firmer after early losses led by Liverpool report and drought conditions in the eastern belt. July dipped to 17.02 and October to 16.06 before rallying 4 to 6 points as weather gaps delayed rains and prices recovered from the session lows.
Cotton futures closed steady with declines of 2 to 5 points from early levels. Opening quotes showed January 1935 at 16.45 and July at 17.86 with December around 16.38 in early trading as showers and easy Liverpool cables weighed on sentiment.
Liverpool cotton market notes steady spot prices with American mid grades and sales totaling 5,000 bales. Receipts include 19,009 American 4,560. futures show June 9.09, July 9.03, January 2.64.
Chicago grain trade opened with wheat up after overnight shorts covered on concerns of rain delaying harvest. Wheat prices gained while corn and oats were weak with little buying interest. provisions held firm amid firmer trade.
Reports on file with the state bureau of elections show three unsuccessful Republican nominees in the presidential nominating contest spent about 1.62 million. Testimony before the Senate investigating committee indicated totals for other candidates and families, including contributions attributed to the Mellon and Pepper families, with figures around 25 000.
Harry Danziger testified that he turned over 90 percent of 105035.20 dollars collected from a milk company to Thomas J. Clougher a New York health official. The money was paid to permit the sale of Wisconsin cream. Clougher was on trial.
Rotary delegates conclude their annual gathering in Denver with final speeches and elections. The event features leaders from Canada the United States and other regions and includes remarks by Reverend Canon Davidson and other prominent figures.
Baton Rouge reports a fire gutting Foster Hall, once the old Louisiana University cafeteria, leaving a $75,000 loss. The blaze, starting in the west wing where cafeteria staff lived, burned for over four hours as water pressure hindered firefighting. Only the Tolers and assistant Caroline Williams were inside.
Pauline Bell, 13, of a one room school in Clarkson Kentucky, won Kentucky’s hopeful in the second national spelling bee finals held in Washington. Her victory came from studying every word in fifteen spelling books and two large dictionaries.
A detailed 1926 radio program guide lists daily dinner concerts, bedtime stories, children programs, organ recitals, and talks across stations from Philadelphia to Seattle. Entries name orchestras such as Goldkette, Edwards, and Leighton’s. venues include the Waldorf Astoria, Penn Hotel, and Tower of Mendhi.
In Arica Chilean crowds hissed General Lassiter over his plan for a Tacna Arica plebiscite, deeming it fruitless amid alleged Chilean unfair tactics. Army and navy guards protected Lassiter's residence while Peruvian delegates also faced protection as the United States cruiser Galveston arrived to escort Lassiter home.
Archbishop of Munich Cardinal Von Faulhaber arrived in the United States for the International Eucharistic Congress in Chicago. He evaded reporters and friends as he moved to the event, traveling incognito.
Tulllous June 18 Cleve Bennett 25 10 1E faced a gas pressure draw as a three inch pipe linked from a well to an earth pit. After hours of head pumping the gas flow became continuous and extends 150 to 200 feet with oil spray. Nearby wells and completions are reported with varying results across Grant parish and surrounding area as exploration continues.
A lone robber wounded cashier W. B. Neely and escaped with about $5000 from the First State Bank of Lake Alfred. Neely's condition is not serious. Bank officials notified sheriffs, and officers from surrounding counties were summoned.
Lion Oil Refining Company reports a fourth producing sand in Smackover Arkansas at over 2700 feet with 2800 acres. The discovery well yields 400 barrels daily. Sinclair Refining Company purchased 1 250 000 gallons of cylinder stock lubricating oil from Independent Oil and Gas Company mainly for export.
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