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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 21, 1927
Page
6
The cotton market slipped from its early rise with July delivery nerves and profit taking sending prices 14 to 17 points lower. Exports reached 12,593 bales as spot cotton closed 17 points down with sales at 866 and receipts totaling 4,112.
New York June 21 Advancing rains in the south limited gains in futures as crop damage concerns kept buyers on declines. October dipped to 17.90 after trading to 17.22 earlier, easing to around 17.06 midafternoon with a generally steady tone and net declines of eight to twelve points. Spotted market closed easy with middling at 16.85.
Liverpool June spot market shows fair demand with middling grades around 10.20 to 9.45. Futures closed dull at 8.95, with next contracts listed at 6.18 for December and 9.24 for January.
Chicago June 2 receipts show alive poultry firm with 7 cars. Fowls 20, eprings 25 34, broilers 21 27, Turkeys 20, roosters 13, ducks 22, geese 22.
In New York on June 21 cotton seed oil closed easy with a quiet market. Prices showed slight variations by month with June at 9.20 to 9.25 for summer yellow and crude at 8.00, while futures for January through December ranged around 9.00 to 9.92 with total sales reported at £500.
Chicago grain prices rose from early lows as corn and oats gained and wheat swung around. bearish sentiment from Springfield politics tempered gains. Separately, James Bud Gillman, son of a banker, plans a medical career and has been elected to Phi Beta Kappa.
New Orleans reports cotton prices dipping as traders liquidate July positions and shift to other months. Rain across Texas Oklahoma Arkansas and North Louisiana dampens the market with heavy showers and rising rivers. weather is forecast to stay wet with potential price swings if rain continues and a better rhythm if conditions clear.
Stock market steadies after initial professional selling as brokers’ loans rise and railroads lead gains. High priced issues advance with Baldwin, Commercial Solvents, Nickel Plate, and others pushing to best 1927 levels amid favorable terms and pool activity in American Can, Postum, J. R. Thompson, and Canada Dry Ginger Ale.
The Monroe Camp Fire Girls host an open house at the Camp Fire center from four to six to honor the West Monroe unit. Today marks the first day of summer and the longest day of the year per almanacs.
White Leon Saks of Norwood Ohio and Carolyn Cahn of Monroe obtain a marriage license. Minor M. Funderburk and E. V. May of Monroe receive licenses. Henry Law and Mary Ellie of Monroe are licensed. Willie A. Turner and Sue Gertrude Jones, both of Monroe, also licensed.
Gaines Bronson aged 18 of Mangham died after two surgeries for appendicitis at a local hospital. He was the son of M. A. Bronson, a Richland Parish farmer, and worked on the family farm. The body will go to Mangham for funeral and interment tomorrow afternoon. Survived by parents two brothers Nathan and M A Brunson Jr and one sister Mrs D B Brown all in Richland Parish.
The body of Frank La Valle was sent to St. Louis for burial after his death by drinking carbolic acid at his Ouachita City home in Union parish on Sunday. He is survived by his widow and two children.
Sidney Lef, 50, died at home in Columbia Sunday afternoon from tuberculosis and throat cancer after six months in a New Orleans sanitarium. He requested to die at home. he passed away yesterday afternoon with his widow and three children present. Interment was in Hillside cemetery Monday at four.
Walter Burley a Black man was sentenced to hang on July 22 after a trial in Jackson Mississippi for the murder and criminal assault of Miss Martha Rees. The jury found him guilty and he will not face further trial on related murder charges.
Judge W H Potter orders press barred from the Hinds county court room as Walter Burley, a black man, faces charges of assault and the murders of Mrs. O S Rees and Miss Martha Rees. Jury selection proceeds while guardsmen monitor the building and witnesses testify about the Rees killings.
Governor Simpson reviews records three days before the scheduled executions of Robert and Byron Dunn in Calcasieu parish to act on pardon board recommendations for Robert and to finalize Byron’s death sentence. He aims for a careful, just decision and may issue a ruling late today.
Walker C B Walker pleaded guilty in district court before Judge Percy Sandel to illegal possession of a slot machine and was fined 25 dollars plus costs. He was among five men arrested in a parish raid last week. Charles Huffman and O Cain also appeared, Huffman facing similar charges and Cain fined 10 dollars and costs for disturbing the peace after a fight at Fairbanks. Jesse Cooper stands trial on shooting with intent to murder as the jury term continues.
The Louisiana Penitentiary struggles with rising inmate numbers and low sugar prices, leaving bills unpaid. Crop losses and limited inmate labor worsen finances, prompting costly new quarters. Reconstruction after the 1922 Angola flood totaled 660 390 dollars, with 225 009 dollars in surplus rehabilitation funds.
The Monroe Lions Club hosted visiting public health workers from the state board of health and affiliated units. Dr J A Doull of Johns Hopkins University spoke on sanitation at home. A report from the Miami convention was read by Barney Oakland.
Paul Poirot says fur skirts will be in style in Paris next winter as a feminine fashion. He advocates real trousers as a popular option, though unsuccessful so far, proposing skirts and jackets with soft fabric blouses worn underneath jackets.
Captain Thomas Drake sailed solo from Charleston to Plymouth in a five foot craft. His journey took about 46 times as long as Lindy’s crossing, yet he maintained regular sleep during the voyage.
The penitentiary is nearly exhausted under an overdraft of 975000, unable to borrow from state bank lenders as authorized by the 1926 legislature to cover current bills. The board will present the issue to legislators with a questionnaire, while the governor may spend 62000 of surplus from a 300000 borrow for flood relief health rehab efforts alongside Red Cross and other agencies.
Commander Byrd announced Balchen as part of his party for the polar flight. The experienced pilot and navigator led by example during early exploration and earlier polar work with Amundsen. Weather reports may shift timing for tomorrow’s takeoff as atmospheric conditions develop. Balchen recently obtained his first citizenship papers.
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