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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 22, 1929
Page
2
Near month liquidation absorbed weekend trading as prices declined from a steady opening. The market slid through the session, closing steady at the day’s lows with a net decline of 9 to 13 points. Opening quotes showed January 18.54, March 18.71, July 18.38, October 18.34, December 19.51.
The market extended its recovery led by railroad and aviation stocks with industrials and utilities also rising. Major names like Atchison Union Pacific New Haven New York Central Norfolk and Western hit new highs as United Aircraft Wright Aero Bendix Curtis and Columbian Carbon posted sizable gains. Total volume around 1.35 million shares.
The market opened with liquidation pressure in near months and selling of later deliveries by locals and commission houses. July fell to 17.94 and December to 18.58 as the close showed net declines of 8 to 16 points, with a barely steady finish and mixed opening quotes for January March May and October contracts.
New Orleans reports renewed liquidation in July with prices slipping about a dollar per bale. July and October futures moved lower in New York while New Orleans held steadier as dealers shifted loads among markets. Weather forecasts predict showery conditions and cooler spells, influencing sentiment and trading activity in the coming week.
Liverpool reports steady to easier cotton trading with American grades in demand. Prices for good middling range from 10.20 to 10.66 per unit, with strict low to strict good ordinary also listed. Sales total 5,000 bales, including 2,800 American. receipts 4,000 bales, American 3,200. futures closed quiet.
R. M. Kolb aged 38 farmer four miles south of Delhi died Thursday after a year of ill health. Funeral and interment were at Delhi Masonic cemetery Friday. He moved from Colfax about three years ago buying the farm where he lived. Surviving are his five children and his [text truncated].
The funeral for Mrs Annie Sanford will be held from Peters funeral chapel at 4 30 p m this afternoon. She died at a local hospital during the night. Her home is 601 Ca street. One daughter Miss Dixon, employed at a cafe.
New Orleans market notes cotton seed oil closing steady with bid levels for prime summer yellow at 8.40, prime crude 7.50 to 7.75, and futures around 8.57 for June, 8.50 for July, 8.55 for August, and 8.75 to 8.80 for September through December.
Oklahoma City men and women watched a gasser erupt from a well drilled over 6,000 feet, spraying natural gasoline and delaying the drill crew. The blast blew 685,000,000 cubic feet per hour as locals speculated on tornado fears before plans to drill deeper continued.
Hogs around steady with Friday trade amid 500 head range. 270 to 825 pound butchers 10.65 to 10.35. Cattle were uneven week to week with strictly choice fed steers and yearlings up to 25 cents higher. vealers and light yearlings traded near 15.50 to 15.65. Sheep 2000 head, natives down up to 1.00, yearlings up 25 cents, fat ewes steady. native lambs up to 14.75 with rangers to 15.25 and fat ewes at 6.75.
Butter and eggs traded lower in Chicago with sizable receipts. Butter quoted at 40 1 2 to 42 1 2 cents per pound for various grades and eggs at 27 to 30 1 2 cents per dozen for different sizes and packings, reflecting market softness.
Poultry prices remain steady with no call issued, reports from Chicago dated June 22.
Thibodaux court hears injunction in recall of Lafourche parish representative Camille Morvant. Defense argues lack of action or jurisdiction while plaintiff cites missing witness signatures and irregularities in recall petition. Judge R B Bulter presides as attorneys for both sides present.
On June 22 Berlin announces 29 American music students among 42 total admitted to master classes at the German Musical Institute for Foreigners. The program, directed by Wilhelm Furtwaengler, will be held at Charlottenburg’s former Royal castle with concerts in the Golden Gallery. Nationalities include United States, England, Finland, Romania, Sweden, Switzerland, Holland, Russia, and Hungary. The Prussian Education Ministry arranged attendance at the historic venue as foreigners show strong interest and classes run at full capacity.
Cesar Augusto Sandino, the Nicaraguan rebel chief known as the horn of the Segovias, will take up residence in Mexico. He plans to settle in Tabasco after a brief stay in Vera Cruz and Mexico City.
New Orleans public schools closed their winter session with an enrollment of 74 889, up 3 650 from the prior year. Superintendent Nicholas Bauer announced the figures and noted a high viscosity oil finding, while discussing abundant natural gas and its underutilization.
Manuel Guardia, Colón municipal treasurer, arrested as an accomplice in the National Prohibition Act case against Jaen. Jaen admitted owning beer kegs and claimed the liquor was for a Jamaica bound picnic and not for Canal Zone consumption. Magistrate Murray bound Jaen over to district court on $100 bail. Panama seeks case continuation as US prosecutor McGuigan vows full prosecution to determine canal zone liquor transport legality.
Panamanians await the outcome of charges that Jose Eusebio Jaen Consul General to Jamaica illegally transported liquor in the Canal Zone. Jaen was bound over for trial after a preliminary examination showing he was arrested May 18 at Gatun with two quarter kegs of beer.
A Perth resident leaves her entire $16,000 estate to redeem Great Britain's national debt, directing funds toward national finance.
In Vienna on June 22 International News Service reports eighty widows were duped by a suave swindler posing as a sheik and former officer. He engaged nearly all club members aged 20 to 60, accepted love, gifts, and dowries, then vanished. Police suspect a former waiter linked to the scheme.
Vicksburg Mississippi June 22 There will be no changes in the Cotton States league playing schedule adopted before the start of the season until after July fourth President A F Scott president of the circuit stated today The half is now being revised and Scott hopes to have it in recess to present to the directors at a meeting to be held next week time and place to be determined Scott will be in La Charles Monday to witness the opening game of the second half of a season in that city The playing chart for the el
Mrs. Dorothy Davis, 40, of Charlotte, North Carolina, reportedly killed herself in Panville after the death of her pet cat Fan Tan. Police and coroner indicated she felt she had nothing to live for following the loss, citing a leap from a hotel window in Chatham the previous Tuesday.
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