23 Jun 1928
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 23, 1928
Page
1
SANS June 23 report notes a steady upgrade with futures up 45 to 48 points despite poor season conditions. Cotton closes at about 21 cents a pound with good middling near 22.33. receipts 730 and stock 239,547.
Wet weather lingered in the south and rising trade demand lifted cotton futures by about 2.50 a bale. New crop months hit season highs with October contracts at 21.96, closing near 21.93 amid a strong general market and spot middling at 22.25.
New Orleans reports cotton rising nearly 2.50 a bale on a broad buying wave fed by bad weather, weevil spread, and weak crop reports. A Washington dispatch notes Agriculture Department efforts to urge farmers to prepare for a weevil fight, with circulars backing stronger poison use amid late, below par crops and poor stands. General rains and Sunday showers forecast. some talk of higher prices this fall if speculation persists.
The Associated Press reports cottonseed oil closed firmer in New York with mixed prime and calendar month quotes for prime yellow and crude grades. New Orleans seed oil also finished strong with multiple month figures and sales of 20,200.
Liverpool reports a quiet cotton market with higher prices. American grades lead gains with prices for strict good middling at 12.24 and good ordinary at 10.94. Sales reach 3,000 bales, including 2,600 American, while receipts total 13,000. Futures close steady with July at 11.29 and May at 11.03.
The New York curb market sparked a broad price dip with many active issues falling one to six points while few showed strength. Pierce Arrow and Laclede Gas posted notable gains. radio and big names like United States Steel declined as trading remained light and unsettled.
Kansas weather ahead of Liver pool trends boosts wheat as prices firm in Chicago trading. Corn and oats hold near steady with modest gains later. provisions mixed. No sales reported for Wheat. No. 2 yellow and No. 2 white quotes listed. futures show small increments across July through September contracts.
Mrs Eva Dugan, condemned for the alleged murder of ranchman A J Mathis, awaits execution at Florence Arizona. Her case is under review by the board of pardons after a stay issued by the governor.
Butter prices rise and receipts reach 59,255 tubs as of June 23 with creamery extras at 43 1-4 to 42 1-2 while eggs fall with 18,271 cases received and firsts around 28 1-2 to 30 cents.
The new Monroe traffic code goes into effect Monday with a 20 minute parking limit replacing the 10 minute limit on DeSiard Street. Officials say motorists may notice little difference beyond clearer parking zones and marked no left turn intersections. Copies are available at city hall and police can answer questions.
New York June 23. Liberty bonds closed with Liberty 1d 4 1-43 at 100.1 and Liberty 4th 41-45 at 101.26. Treasury 4 J-4s traded at 113.12.
Chicago market report notes alive and steady poultry turnover on June 23 with receipts of 5 ears. Fowls quoted 28, springs 36, broilers 30, spring ducks 20, spring geese 22.
Investigators probe an alleged raid on American mail aboard the steamship Leviathan from New York to Southampton. Loss estimated in pounds and dollars includes checks drafts and banknotes. Officials say theft likely occurred in American waters before the ship sailed. Scotland Yard units assist and monitor possible mail bag thieves.
Livestock prices move higher with hogs up 10 to 15 cents and top butcher weights at 11.10. Cattle show gains in grain fed steers and yearlings, light yearlings up while grass slaughter steers ease. Sheep receipts steady with fat lambs up 50 to 75 cents and lighter weights improving.
Six major league clubs are eyeing Johnny Watwood and Otto Krenek of the Alexandria Reds as scouts inquire about price tags. Watwood leads the Cotton States league in slugging at 37 and Krenek owns a 10 and 3 mound record as his team sits under .500 in the first half.
In Baton Rouge on June 23, the legislature wrapped a week of stormy hearings on severance tax racing gambling loan sharks and tick eradication. The senate approved the severance tax bill 12 to 2 after revising rates on oil and minerals. The drys notched a victory as the Hood Act repeal measure failed in the house.
Watts Gunn of Atlanta and Ossie Carlton of Houston faced off for the Southern amateur title at Brook Hollow Golf Club Dallas over 86 holes. Gunn led early and stretched to three up by the 19th hole before losing his final chance to equal par. The match featured tight scoring with few putts and steady iron play as both navigated the long route.
STANDARD Special to The News-Star. Mr. and Mrs. T. E. Brantley host Adele Thompson of Hot Springs Ark. Curtis Ray Barham and other relatives visit West Monroe Shreveport Olla Selman and Selma. Juanita Mennis treated medically after a trip to Shreveport. Thelma Claunch from Shreveport joins guests in Tuesday gatherings.
George Lott, rising American Davis Cup star, beat N Sharpe 6-3 5-7 6-2 6-3 to seal a 3 to 2 win for the United States over England in Eastbourne on June 23. W Austin of Britain had earlier defeated John Hennessey in a lengthy five set match.
Senator Reed of Missouri declares at a Houston press conference that Missouri’s motto is to the end of the road. He says Missouri aims to win the nomination but will support the ticket loyally if they lose. Reed plans a formal statement tomorrow and resumes talks with faction leaders.
Fragmented text reports a supposed kidnapper unnamed and at large after escape from custody. The writeup references danger near a lake and urges caution while noting the offender is not yet recaptured.
Senator Thomas Walsh of Montana is pictured receiving an LL B degree from Loyola University Evanston in a rare scholarly moment. The ceremony marks his first time in academic robes as he earns the degree.
Rumors circulate that Alanson B. Houghton United States ambassador to the Court of St James may resign to run for the Senate this fall. He would not confirm or deny the report.
Ola area residents report a string of visits and business trips on Thursday and Friday. Jena mayor A D Flowers toured Ola while H W Davis Lewis Boyce and R H Brooks conducted business in Jena. Several guests from Trout Standard Urania Jonesville and Oklahoma attended local events and visits with relatives friends and neighbors.
In Columbia Louisiana on Tuesday a man claiming to be R. G. Shaffer was found on the highway near M. J. Howards and taken to the sheriff's office. Officials describe him as demented and confinement was ordered. Relatives in California stated they would come at once to escort Shaffer back home.
Miss Marie McCrorey of Caldwell parish travels from Columbia to Baton Rouge to join four other girls in Houston Texas for Louisiana publicity role at the Democratic convention. They will dress as Evangeline and participate in the publicity program.
A light 2600 pound plane arrived with Postmaster Thoman and civic leaders from the Chamber of Commerce. They discussed air mail possibilities noting how mail volume has grown from seven pounds to 25 pounds daily in Birmingham and estimating 506 first class letters at Monroe to start, with a Birmingham to New York connection planned for August.
New York on June 23 saw a broad buying movement push October cotton on the New York exchange from 21.46 cents to 21.96 cents per bale. Final quotations were about the day's best.
A heated tirade targets a known thief with insults about the family and schools. The speaker vows to expose the alleged wrongdoing and seeks a federal injunction to stop the individual from interfering with a food supply, aiming for a case reaching the U.S. Supreme Court.
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