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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 19, 1928
Page
4
The New Orleans market shows easy selling due to fine weather forecasts and improved conditions. July contracts fell to 20.40, with later steadiness totaling 16,853 bales traded. Spot cotton closed steady with middling at 20.78 and good middling at 21.18, receipts 750, stock 255,663.
New York June 19. After sharp early declines due to liquidation and favorable weather, selling eased and buyers supported the market. Midday was quiet and steady with net declines contained to 5 to 10 points. Futures closed firm with uneven but higher quotes. spot cotton quiet.
Liverpool market notes cotton spot quiet with higher values for American grades. American sales reach 4000 bales in a 6000 bale total. receipts 10000 with 4500 American. Futures steady with July 11.00 and later months listed between 10.75 and 10.85 in a tight trading session.
In New Orleans on June 19 the cotton seed oil market held steady. Prices listed include prime summer yellow at 2.50 and prime crude from 8.50 to 8.75, with monthly figures for January through December ranging from 9.05 to 9.95, reflecting firm near term and year expectations.
Call money in New York on June 19 remained firm with high 6 1 2, low 6 1 2, ruling rate 5 1 2 and closing oid 6 1 2. Time loans mixed collateral for 60-90 days at 5 5 8 to 5 3 4, 4-6 months at 5 5 8. Prime mercantile paper 4 3 4. Bankers acceptances unchanged.
Poultry alive firm receipts consist of 4 cars with 23 fowls 32 broilers 31 to 39 springs 29 to 98 spring ducks and 20 spring geese in the market report from Chicago dated June 19.
Butter prices rise with higherreceipts totaling 21 127 tubs and creamery extras at 43, standards at 42 1 2, extra firsts at 41 1 2 to 42, firsts at 40 to 40 1 2, seconds at 39 1 2. Eggs steady with receipts of 23 363 cases.
Stock prices fell sharply in early trading after the call money rate climbed from 5.5 to 6 percent. By mid day a copper shares rally offered brief relief, but losses resumed in the afternoon. Total volume reached about 3.1 million shares as late buying helped Radio and several big issues recover some ground.
Chicago grains mixed as weather relief in the southwest spurs a rally in wheat while corn stays weak. Wheat climbs modestly despite adverse conditions. corn sinks further, oats ease, and provisions mix. Futures show varied movement with several grain and livestock prices posted, reflecting a broad market fluctuation.
New Orleans reports a firmer trend in afternoon trading on hot winds and sand storms in the northwest, with re ports of crop damage and high temperatures. USDA data show season supply after June 1 at 3.9 million bales, down from prior years. Carolina mills cut hours due to weak demand, while sentiment improves on strong statistics and crop uncertainty.
Chicago June 19 hog sales top 10.65 for choice 200 260 lb hogs with 23 000 head traded and prices 15 to 25 cents above Mondays. Cattle and calves saw steady to firm action with best yearlings at 14.75 and heavies at 14.75 while slaughter classes ranged 13.40 to 15.00 per 100 pounds. Sheep run smallest since Nov 1924 with fat lambs steady to strong and lambs 92 lb class at 15.00 to 16.75 per hundredweight.
Liberty bonds closed with Liberty 3 1 28 at 100.7 Liberty 1st 4 1 4s at 101.17 Liberty 3rd 4 1 43 at 100.1 Liberty 4th 4 1 4s at 102 Treasury 4 1 48 at 113.16 Treasury 3 at 108.16.
Antonio Barcelo president of the Porto Rican senate was hospitalized with a four inch side wound from a sharpened chisel wielded by Jose Matos. Matos was shot in the ensuing scuffle and is in critical condition under guard to protect him from an outraged populace. Police cannot determine a motive for the attack.
In Muncie Indiana at its national convention 200 delegates endorsed Senator J Thomas Heflin of Alabama for the Democratic presidential nomination. The group formerly known as the Independent Klan of America and closely linked to the Ku Klux Klan, with Samuel Bremen Derfer of Muncie as national president and headquarters located there.
In St Paul June 19 Senator Henrik Shipstead, farmer laborer, was renominated by a wide margin in the state primary. Arthur E Nelson led the Republican field early in the race with Burns quit and Rockne trailing. Nelson had strong support in St Paul while Cashman was unopposed on the Democratic ticket. Shipstead won more than ten to one over William Watkins and Theodore Christianson was renominated over George Simpson.
Washington June 19 Arguments urging dismissal of monopoly charges in the manufacture purchase and sale of radio devices against the Radio Corporation of America General Electric and six other firms were made before the Federal Trade Commission. J P Cotton contended the allegations had not been sustained and noted this was the respondents first opportunity to present their side since the complaint four years ago.
Popular evangelistic singer and his daughter to perform tonight at eight o clock in Monroe at First Baptist Church. Program features story and song with pathos humor and religion. past revival music at local tabernacle recalled. Invited attendance encouraged.
Legislative digest notes Senate bills advancing funding and land use, including SB133 raising Evangeline assessor expense fund to 4500, SB144 leasing land for 99 years for religious student centers, SB142 funding street paving indebtedness, SB Zaw stabilizing sheriff deeds, and multiple House bills on pensions, bridges, levee boards, drainage, and indebtedness. Several bills defeated, notably HB316 felony for carrying weapons on election day.
Ruston June 19 Following final exercises at Tech the campus rests in stillness after diplomas were awarded by H H White and the address by Harvey G Fields Preparations begin for a six week summer term with registrants expected to exceed prior years Improvements to the campus include a new library and planted grass The football program is poised for strong revival with a sought after coach search underway under acting president G W Bond
Howard Mason, Seattle radio operator, selected to accompany Commander Byrd in the early dash to the South Pole by airplane, prepares to travel east to join the expedition leader.
President Coolidge reportedly refused clemency for Nicholas Lee Eagles John Proctor and Samuel Moreno who were sentenced to die in Washington D C next Friday for first degree murder They killed policeman Leo Busch in September 1926 Appeals failed and clemency plea was filed with the president and justice department report reviewed
The Meyers No 1 test in Morehouse parish Louisiana near Bastrop generates keen interest among oil and gas circles from Louisiana and Arkansas. Casing was set ten days ago with a Sunday drilling delay due to title corrections. Local investors bought about 80 acres near the test for 12.50 an acre as leases changed hands widely, with 313 leases on record at Bastrop courthouse. The test lies roughly twelve miles northeast of Bastrop.
A woman suspected of shoplifting in Monroe states Mildred Jones alias Mrs. M N Northcutt was arrested in Vicksburg by local authorities. She faces larceny charges for two dresses valued at 39 50 taken from the Palace around March 12 and is linked to about 25 dress thefts from Monroe stores.
Flood conditions in the White river valley north of Newport and nearby areas improved as river stages fell at Newport to .5 feet in 24 hours. At Jackson bayou levee water crested the dyke end, prompting 300 workers to shore up, while many bayou bottom acres remained submerged and residents evacuated. Some 1,000 refugees in southern Jackson County began returning home as the crest moved toward Georgetown with a Thursday morning forecast.
In Portland on June 18, United States Senator Frederick Hale won renomination for a third term in the Republican primary, defeating Governor Ralph C. Brewster. Hale led with 71,613 votes to Brewster's 41,864 as precincts remained incomplete. Governor contenders Gardiner Hinckley Libby and others trailed in partial results.
Matis Davidson of Louisville Kentucky was elected president of the Southern Master Printers federation at a meeting in Asheville North Carolina on June 19. H F Ambrose of Nashville Tennessee and E P Mickel of Nashville were chosen as vice president and secretary treasurer. State presidents selected include Robert Treschel Birmingham Alan H L Stack Austin Howan Wedekemper Kentucky H G Mitchell Little Rock G M Up to New Orleans W E Marlow Oklahoma City R M Hedermar Jackson J L Jones Knoxville.
Kings Bay Spitzbergen June 1 Italian Alpine patrols push across ice toward General Umberto Nobile and his party, aided by two guides, nine dogs and two sledges. A second search party of two alpine club students and two troops members prepares to scour Beverly Island to Sape Leven.
Mary Pickford faces additional duties on 2000 dollars worth of goods from her twelve trunks returned from Europe. Officials say she declared goods at a discount due to fame, not home valuation. Customs appraisers examined trunks and personal items while Pickford and Douglas Fairbanks were absent.
Hezekiah Davis alias Henry Williams, a Sterlington resident, was arrested yesterday by the sheriff's department on a bigamy charge. A bill of information was filed by J B Thornhill, assistant district attorney.
Nelson and all Republicans were renominated without opposition. No major Democratic contests occurred. Senate nominee Herbert E. Holmes of Lewiston, an attorney, and governor nominee Edward C. Moran Jr. of Rockland, a merchant, head the slate.
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