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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 19, 1928
Page
15
The New Orleans cotton market rose today as buying and short covering pushed July to 20.86 and December to 20.55 amid favorable weather and bullish crop expectations. Exports reached 18,458 bales, spot cotton closed 28 points higher with mid and high grades advancing.
Stiffening money rates halted a promising stock rally in New York trading. Industrials and rails rose briefly 1 to 5 points while some specialties gained 6 to 15, then slipped under renewed selling. Call money climbed to 6 1 2 percent, banks called about 10 million in loans.
New York reports a higher cotton market as trade and speculative demand expand on bullish crop advices. October futures rose above 21 cents with net gains of 22 to 28 points. futures closed up about 25 points while spot middling held around 21.50.
Cotton prices rose as buyers and coverers entered amid uncertainty over the new crop and weevil activity. Washington weather telegrams and a bullish weekly weather review spurred buying while notes on statewide conditions and the entomology bureau changed reporting timing.
Liverpool notes cotton demand steady with prices easing. American grades show strict good middling at 11.93 and middling at 11.45 to 11.65 ranges. Sales total 6,000 bales, including 4,600 American. receipts include 1,600 American. Futures close steady with July at 11.07 and October onward around 10.8 to 10.92.
The infant child of Mr. and Mrs. D. J. Bearden of Union parish ward 5 died soon after birth yesterday. Interment occurred in a Union parish cemetery. Lillian Inez Stewart, daughter of Mr. and Mrs. Frank Stewart of 514 Calypso street, died shortly after birth yesterday. Funeral at Evers Funeral Chapel this morning at 6:80 with Rev. Ernest Holloway officiating. Burial at Interview Burial Park.
Chicago open firm as black rust fears in the northwest and higher Liverpool quotations lift wheat. Unfavorable southwest crop prospects support gains. corn and oats rise then ease. Provisions little changed. No. 2 hard wheat 1.42, No. 2 corn 1.00, oats 0.69 to 0.73. Lard and ribs trade near 1.80 and 12.50 respectively.
New Orleans seed oil closing steady with prime summer at 9.85 and crude range 8.59 to 8.74. Monthly futures show January 10.03, June 9.69, July 0.83, August 9.75, September 9.89, October 9.99, November 9.95, December 10.00, reflecting typical seasonal shifts and demand signals.
Livestock totals show hogs about 19 000 with most bids 10 to 20 cents higher than Tuesday. Cattle and calves activity weak to steady with limited demand for better grades. Sheep and lamb numbers around 9 000 with fat lambs mostly steady to higher on light supply. feeders scarce and steady.
Liberty bonds closed with Liberty 8 1-25 at 100.8, Liberty 1st 4 1-25 at 101.17, Liberty 3rd 4 1-48 at 100, Liberty 1th 4 1-45 at 101.29, Treasury 4 1-4s at 115.18, Treasury 4s at 108.27. Market data from New York dated June 20.
New York call money remains strong with a ruling rate of 6. The market shows high 6 1-2 and low 6, time loans firmer, with call money closing at 6 1-2. Mixed collateral for 60 to 90 days sits around 5 3-4 to 4-6 months 5 3-4, while prime mercantile paper trades at 4 3-4. Bankers acceptances vary by term from 30 days 4 1-8 to 90 days 4 1-4 4 1-8, with several tenor values listed.
Chicago June 20 poultry alive steady to firm with receipts listed across categories. Broilers and springs show mixed prices with spring ducks around 20 to 26 and spring geese near 22. Activity indicates stable demand as dealers catalog diverse fowl types and quantities for sale.
Five miners died and seven were seriously injured when an explosion rocked the National mine of National Fuel near Morgantown West Virginia early today. Twenty two men were in the mine. ten escaped or were rescued while thirteen of twenty six miners present at the time were saved. Gas caused the blast in a drift operation employing about 100 men.
Washington June 21 Members of the special committee of the republican national committee begin arriving today to confer with Secretary Hoover the party's presidential candidate and Senator Curtis the vice presidential nominee. They were received by Mr. Hoover.
New York June 20 The commercial airplane shifts from red ink to profit as air mail mileage grows from one mile in 1911 to 9 987 miles on May 1 1928 and airways expand. Railroads plan to coordinate train and airplane service to cut transcontinental time, signaling aviation as a growing big business. Airway income compares with some railways and over 34 500 passengers paid an average fare of 1 6 cents a mile while mail and express traffic exceeds two million pounds.
Catherine Lewis was rearrested by police and jailed for 30 days for vagrancy after a Sunday raid on Vly Walnut street yielded beer and whisky. She was released on liquor charges but remained jailed after failing to leave town within 12 hours as required by City Judge W M Harper.
State v. T. T. Jones, charged with obstructing a public highway, was set in district court for next Wednesday. A gate across the road was torn down by a road gang after police jury action, then allegedly replaced and nailed up by a farmer. The case will determine whether the road is public.
Chicago June 20 Butter unchanged receipts 6979 pounds Eggs higher receipts 9818 cases firsts 28728 1 2 ordinary firsts 26 1 2 27 1 2 storage packed extras 30 1 4 firsts 30 1 4 News-Star want ads for results.
Cartoonish column rails against strict dress codes and gender norms with playful epigrams and pop culture references. It riffs on blue velvet pants silk stockings and flamboyant garments while praising自由 expression and humor in daily life.
Albert Page a negro farmer two miles south of Bosco presented to The News Star the year's first cotton bloom at the office. He reports about twenty acres of cotton on his place knee high and planted in March. Several blooms in his patch were popping open as shown.
Docketed for trial tomorrow in district court is the case of R. P. Webb versus Police Jury and M. S. Dixon of Sterlington. The suit concerns the ferry operation across the river at Sterlington and the franchises issued by Ouachita and Union parishes and by the state highway commission. Webb seeks to set aside the contract between the police juries and M. S. Dixon, the operator.
Baton Rouge June 20 The bill of Senator M C Redmond of Ouachita defining and regulating chiropracty was reported unfavorably by the senate committee on health and quarantine by a 6 to 2 vote The measure would deem a person a practitioner of medicine only if he operated with a knife
Otis W. Hinton of 609 Stubbs avenue was taken into custody on charges of reckless driving and failure to report an accident within 12 hours. May Morgan, 10, daughter of Mrs. George W. Morgan of 1015 North Fifth street, was struck at Fourth and Washington streets and sustained bruises and abrasions with no broken bones. Morgan’s injuries were treated at a doctor’s office. Hinton, an employee of a local filling station, faced police information indicating the incident yesterday at 2:30 PM.
Cordell Hull of Tennessee arrives in Houston as the first presidential candidate to gather for the Democratic National Convention opening. He declines campaign predictions, says he came to help with arrangements. Supporters plan a Hull headquarters, while James A. Reed and George Van Namee work for Alfred Smith. Proposals on the party platform focus on farm relief and prohibition.
On June 19 near DeRidder, C Watson was robbed and shot by four masked men who left him with a severely shattered foot. He was abandoned on the highway and later amputated. deputies pursued the gang to the Sine River and into Texas, leading to the capture of three suspects and Det. Henry Cain coordinating the investigation. two local residents aided the victim.
The Kiwanis club met at Hotel Monroe for a noon luncheon. Charles Butler entertained with humorous stories and songs. Miss Frances Miller and Mrs. F. C. Holder performed piano solos. Bed Scout camp work at Ki-Ro-Li was reported by Jack Keith Dr J H Pankey and Dr F C Edwards. A felicitation telegram was sent to Seattle to President J E Doughtie in attendance at Kiwanis International convention.
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