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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 18, 1927
Page
5
New Orleans reports an early drop in favorable weather prospects reversed in late trading as October futures rose to 16.92 and spot prices firm. The boll weevil emergence report supported steadier trading, with closing near the day’s highs and spot middling about 16.90. Futures closed 8 to 9 points higher with receipts 1,606 and stock 334,558.
In New York on June 18 early declines in cotton were followed by rallies as the government boll weevil report sparked buying interest. October touched 17.00 after a 16.80 dip, closing steady with net advances of 10 to 11 points.
Liverpool spots show steady demand with prices unchanged. American cotton values range from strict good middling 9.78 to strict low mid 8.68, with 10,000 bales sold including 6,500 American. 6,000 bales accepted with no American. Futures closed steady with July 18.91 and distant months around 9.07 to 9.23.
Chicago grain prices rose after an early sag as heavy rains in the southwest and bullish Iowa corn advice supported the market. Corn traded from a half to 13-8 down to gains, with outs easy and provisions little changed. Wheat closed firm, oats advanced, and overall grain movement mixed.
Chicago June 18 poultry receipts show firmer prices for live birds. Fowls bring 15 to 20 cents, springs 25 to 34, broilers 20 to 25, turkeys 20, roosters 13, ducks 22 to 23, geese 23 to 25 per pound.
In New York as of June 18, cotton seed oil closed steady with prime summer yellow at 9.10 and various futures listed. Crude prime offered nominal 10.05 for January and futures for June 9.20 July 9.25 August 9.48 September 9.09 October 9.87 November 9.86 December 9.95. Sales totaled 2,400 barrels.
Chicago reports butter unchanged with receipts 15 704 pounds and eggs higher with receipts 19 242 cases. Firsts reach 22 to 23 cents, ordinary firsts 20 to 21, storage packed extras 23 S-4, storage packed firsts 23 1-2.
Cotton sold off early then recovered with a small gain as a bullish United States Department of Agriculture weevil emergence report and widespread rains across the eastern belt influenced sentiment. Emergence was larger than last year at eight of eleven stations, led by North Carolina, South Carolina, Mississippi and Texas. Weather forecasts called for clouds and showers, with rain favoring the crop in the near term.
Major session in New York stocks saw renewed upside led by merger rails and coal issues. Pittsburgh and West Virginia climbed more than five points while Pittsburgh Coal and Pittsburgh Terminal Coal showed strength. Lehigh Valley faded from early gains. White Motors hit a new 1927 low, weighing on the motor group. Colorado Fuel surged late. Pullman Case Threshing Atlantic Refining and International Nickel eased. Total volume around 1,000,000 shares.
Weekly stock averages closed nearly unchanged after an irregular market. Credit conditions drove moves. brokers loans rose then gold reserves and lower call money aided a rebound. Merger rails like St. Louis Southwestern hit new peaks while rubber stocks sank before a pension on a pool extension.
In Redding California on June 18 a tourist reported butterflies thick as snowflakes obscured the base and lower slopes of Mount Shasta. The swarm was so dense visibility dropped to two feet.
Magnolia Mississippi June 18 William Monroe Wroten longtime commander in chief of the United Confederate Veterans Mississippi Division died this afternoon He was a physician in Magnolia and local surgeon for the Illinois Central railroad He served in the Confederate Army from age 16 and helped organize the Stockdale camp in Pike County He urged greater pensions aid for veterans and widows before the state legislature over the years
About fifteen scouts met at the church annex. Willis Whiting led the pledge, dues were collected, and a census of flood work was taken. Daniel Durham surpassed sixty hours. others logged at least fifteen. Harold Riggs led a new game as plans for camp and astronomy study were discussed.
Twenty one? No, 17 members attended last night. J F Jones led with the scout oath and James Faust gave the benediction. Mr Crawford tracked hours worked on the levee and at the refugee camp. Camp starts Monday. roll call completed. Willie Heard, Scribe.
Twelve boys attended the Troop 7 gathering at West Monroe school. They opened with the scout path and discussed the upcoming camp set for June 20 to June 25. William Sheffield was appointed to take charge of the boys in camp. Discharged by scoutmaster Mr Eby.
Gov. O H Simpson names Rev. L T Hastings pastor of First Baptist as Louisiana delegate to the World League Against Alcohol ism Congress at Winona Lake Indiana from August 16 through 23. Adam Johnson 28, working for Missouri Pacific at Sicily Island, is taken to St Francis sanitarium after chin injury from a fall caused by a gondola car trap door. Joseph Smith 19, at Brown Paper mill, suffers burns on his right arm while carrying hot tar during roofing work at about 10 am.
Choudrant, eight miles east of Ruston, will receive gas for homes and industry. A two inch main pipe extends five miles to the Ruston line, with about a mile of distribut ing pipe in town. Service to about forty customers starts Wednesday. The gin, high school, two churches and most residences will be served.
Oscar Bayne Wheeler of Atlanta, famed golf writer known as Bobby Jones Boswell, married Eleanor McIntosh McAuliff at Atlanta City Hall. The pair planned a two month Europe cruise aboard the Aquitania and the mayor was unable to attend, so a city clerk presided. Both are 45 years old and have prior divorces.
Dave Bancroft Boston manager and shortstop was struck on the jaw by Earl Smith Pittsburgh catcher during an argument at home plate. Bancroft dropped unconscious and was carried to the dressing room after the seventh inning clash that followed Richbourg's single. Smith was ordered from the field and Gooch took his place.
Hollywood event reports guards at Pickfair in Beverly Hills after a kidnapping scare aimed at Mary Pickford. No weapons found, but two men already jailed for a similar plot discovered years earlier. Pickford planned to stay on set but returned home due to weather.
Hops off Constantinople news brief notes Van Lear Black leaving for Aleppo at 10:30 AM during a flight from Holland to the Dutch Indies.
In Baton Rouge on June 18 the Associated Press describes Bayou de Glaize refugees returning from camps to desolate homes. Men repair houses and plant crops while women clean and restore gardens as Red Cross aid continues. They face mud, rot, and losses but stay hopeful for aid and a rebuilding effort in a region scarred by flood.
J. M. Hattaway was taken into custody this morning by the sheriff's department and lodged in the parish jail after about a half gallon of liquor and a number of bottles were alleged to have been found in his residence on Oak street. Complaints led to the arrest.
The Department of Agriculture releases its sixth boll weevil emergence report noting pre-June 1 survivors at cooperating stations. Reads differ from 1926 and 1925 figures, with Florence and several stations showing higher survival this year, while Auburn Baton Rouge and Experiment show declines.
Washington June 18 Senator Reed of Missouri weighs in on a trout controversy sparked by Mr Coolidge catching trout with worms. Borgh mockingly questions the trout nature and suggests if they bite worms they are imbeciles. Reed says any trout that lie at lake bottom and bite a worm is degenerate.
Rapid City reports President Coolidge in a ten gallon hat and hip boots angling for mountain trout at Squaw Creek. He catches four trout before a newspaper men reception at Camp Galena near the summer White House.
Louis F. Randall former postmaster at Hialeah was sought on federal warrants for embezzling about 48000 in postal funds during his term.
Boedecker discusses single engine planes versus three motor Fogger for cross country hops. He notes the Spirit of St. Louis was built for a trans Atlantic flight and praises Monroe flying field. He plans Pacific coast leg via Kelly field San Antonio San Diego Los Angeles and back via Salt Lake City and Kansas City to scout planes for Hawaii hops.
Boedecker inspected the Columbia Bellanca and delayed hops prompted additional tests after initial expectations. Chamberlin and Levine performed adequately but failed to meet hoped for marks, with the drift noted in the report.
San Francisco and Honolulu based pilots Lieut. Lester Maitland and Lieut. Albert Hegenberger prepare a tri motor Fokker Monoplane for a cross continental hop to San Diego. The flight, due for a mid July start from March Field San Francisco, aims to test navigation gear and fuel capacity before the 2 360 mile leg.
Lindbergh arrives to a citywide holiday in St Louis with crowds lining boarded windows and cheering as dirigibles fly overhead. His unconditional surrender to public adulation sparks a mass parade from Congress Hotel through downtown with 150000 spectators and a police barrier.
In St Louis a 15 000 crowd gathered in the Coronado hotel area to honor Lindbergh. Dwight Davis and officials stood by as Lindbergh received the Boy Scouts Troop 2 oath from Murray Cabell 15. Joseph Gerhardt 14 presented a Scout knife, and Roland Homer 14 gave the flying eagle medalion. Lindbergh’s mother Mrs Evangeline Lodge Lindbergh, Detroit teacher, shared roses. Bands played as crowds cheered Hello Lindy.
Local post reports on rehabilitation work and building plans in Monroe as C E McKenzie and Dr P M Gayle deliver updates. District committeeman Charlie Mitchell touts strong fifth district showing in the state membership drive. The commander’s party tours stockrooms, awards a trophy in Winnsboro, and plans return via Monroe to Shreveport with family in tow.
Byrd reports requests pour in as Bert Acosta and Lieut George C Neville prepare for a long range flight. The plane’s radius nears 3900 miles, with 1300 gallons of gas lasting about 42 hours. Navigation instruments adjusted, start time weather dependent. Additional crew and logistics under discussion.
Commander Byrd and Floyd Bennett awaited for possible Paris flight arrival as predicted poor trans Atlantic weather closed in at Roosevelt Field New York. Bennett visits the America from St Vincent's hospital after his April crash and plans to join the crew if possible.
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