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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 24, 1929
Page
8
Buying by spot interests of July contracts spurred a moderate advance in cotton prices with July near futures up to 1 point, while later liquidation pulled some months back. Exports totaled 17 405 bales and spot prices edged higher as weather forecasts signaled showers in the belt.
New York reports further Zuly liquidation absorbed by trade buying on later deliveries amid showers in the belt. Early advances faded. mid afternoon market quiet and irregular with active months up 1 to 6 points. Futures unchanged to 91 points higher. spot middling at 18.30 in a quiet market.
Cotton traders in New Orleans and New York saw July firm briefly as liquidations pressured prices ahead of first notices. Rains and weevil reports boosted new crop months while forecasts of continued showers kept sentiment toward selling, with expectations of heavy July tender notices tomorrow.
Funeral services were held at Clarks for J. H. Prompton Thompson 58 who died Saturday afternoon after a heart attack. A foreman in steel work, he had been living in Monroe with his sister Mrs E L Evans 6 Wood Street. Survived by sisters Mrs Belle of Los Angeles and Mrs Simpson of Mount. Burial was at Clarks.
D. R. Duke motorman returned from Natchitoches parish to attend the sudden death of his wife Mrs H A Duke 77. Interment followed in a cemetery near their former home. Surviving are eight children living in Louisiana Florida and North Carolina. Mrs Dukes late home was with a daughter in Natchitoches parish.
The infant daughter of Mr and Mrs R M Waller of Epps died shortly after birth Saturday night and was buried in the city cemetery. The burial took place in Monroe hospital grounds.
James L. Elliot aged 59 died at his Cres home. Funeral arrangements are announced by the family pending details from local records.
New York June 24 Stocks rose after midyear call money strain. volume expanded as pools seek reinvestment next month. Steel in Youngstown near capacity. copper demand rising. retail trade buoyed by warm weather. Rail stocks gain. some high priced issues hit new yearly peaks while others decline.
Flooded fields in the harvest region triggered a sharp uptick in wheat values with a broad buying rush. Corn also rose early to near initial figures while oats slipped. provisions showed mixed movement. Wheat closed nervous up 7 8 to 1 4 cent, corn steady to 1 2 cent down, oats down 1 8 to 1 4, with various price quotes for grains and hog products.
Alive and steady poultry receipts listed by car lots in Chicago with various prices for fowls springs broilers roosters turkeys ducks geese and spring varieties. United Carbon last sale price noted at 65.
Markets at a Glance reports irregular stock trading with Pennsylvania Railroad at a 20 year high. Bonds show irregulars as International Telephone and Missouri Pacific convertibles hit new highs, with Middle West Utilities at record prices. Foreign exchange steady as francs gain. Commodities mixed with cotton steady, sugar firmer, coffee down. Chicago wheat firm on Canadian frost, corn up with higher visible supply. Cattle weak, hogs strong to higher.
In New Orleans on June 24 cotton seed oil closed steady with prime summer yellow at 3.40 and prime crude at 17.50 to 7.75. Futures quotes showed January at 8.86, July 8.51, August 8.55, September 8.72, October 8.80, November 8.80, and December 8.80.
New York reports steady quotations for major currencies on June 24. Great Britain at 4.84 6-16, France 3.90 7-8, Italy 5.22 3-4, Belgium 13.87, Germany 22.82 1-4, Norway 26.62 1-2, Spain 14.15, Greece 1.28 1-4, Brazil 11.87, Tokyo 43.90, Shanghai 57.85, Montreal 99.15 5-8.
After a brief illness the funeral for a local resident will be held at 10 a.m. Tuesday at the home of step-son J. Warlick at 214 North Eighth Street. The Methodist Protestant pastor will officiate and burial will follow at Ryse ree cemetery.
Three youngsters were wounded when bandits with shotguns and pistols robbed a dice game on a Chicago school playground. The victims were Jack Tokowitz, 15, Louis Tokowitz, 18, and George Reodemisky, 19. Police raided another game an hour later and officials said they would prevent gambling on school property.
New York June 24 refined sugar price raised to five cents a pound for immediate 30 day deliveries announced by American Arbuckle and National Refining. The rise follows a previous drop to four and a half cents and covers several leading refineries.
H B Ryland manager of the Retail Credit Association and Mrs S W Davis Sampson Snyder and Bastrop native attended the national convention in Nashville Tennessee. Over 1000 members gathered for four days of talks dances and banquets. Next session set for 1930 in Toronto Canada.
A restaurant run by Charles Johnson at 504 DeSiard Street caught fire around 10 30 AM due to an over heated cook stove with grease in the oven. Building owned by Charles Bynum. Loss amount not yet ascertained. Damage was not large.
Employment of any nature as day laborer is sought by two able bodied men, one aged 45 and the other 60 years. Anyone able to provide the needed work is asked to get in touch with Mrs. F. A. Blanks, at the Monroe Welfare association, phone 446.
Barl Gillum, a resident of Fairbanks, pleaded guilty in district court after arrest near Fairbanks Saturday night with three pints of whiskey. He was sentenced to 60 days in jail and a $250 fine, with 90 extra days if the fine is unpaid. Gillum was taken into custody while delivering whiskey at a logging camp. camp foreman A. P. Taylor made the arrest.
John Gray a negro truck driver employed here was arrested this morning on a charge of wire desertion brought by his wife Luella Gray of 408 North Eleventh Street.
Raw sugar in New York held at 3.52 spots duty paid as no sales were reported. Futures opened slightly lower to higher with near months under liquidation before covering and trade buying recouped losses. Midday prices showed little change to modest gains as refined demand remained strong but new business was light.
New York sugar futures closed steady after around 104000 tons in apparent sales. Contracts listed for July 178, Sept 166, Dec 196, Jan 198, Mar 204, May 212 with modest activity.
Hogs 45 000 fairly active with prices 10¢ higher than Saturday for 250-300 lb hogs 10.40 to 11.05. Calves 3 000 and steer trade 25c lower with steers 1300-1500 lb 14.00 to 15.50 and 950-1100 lb 13.75 to 15.50 fed yearlings 13.50 to 15.50. Vealers 13.00 to 15.50. Sheep 11 000 open slow with natives 14.00 to 14.60, best above 15.00, yearlings 7.75 to 12.00, fat ewes 6.00 to 6.50.
Hogs 11 500 up 10 cents to top 11.00 on choice 200-230 lb packing sows 8.75. Cattle 13,500 calves 2,000 slow. slaughter steers good choice 13.00 15.25. cows good 9.00 11.75. Feeders 11.75 14.25. Sheep 6,000 lambs weak to 25c lower. Colorado lambs top 14.50. lambs 13.25 14.50. ewes 4.75 4.80.
Chicago June 24 potato market shows receipts 124 new 20 old on track 208 new 73 old. New stock trading slow and market steady. Bliss Triumphs 150 at 2.00 with old stock slow. Wisconsin sacked round whites 40 55 with few fancy shade higher.
Liverpool reports quiet cotton spot with lower prices across grades. American sales total 5,300 of 6,000 bales. receipts 1,000 with no American receipts. Futures settle steady with July, October and December at 9.81 and January 9.82 and March 9.87, May 9.89.
Butter prices steady with receipts of 17 976 tubs. Creamery extras and standards range 41 2 to 42 - firsts and extra firsts 39 1 2 to 41 2. Eggs steady with receipts 24 407 cases. Extra firsts around 29 1 2 to 30, firsts 28 1 2 to 29, ordinary firsts 27 to 28, storage packed firsts 20 12 and storage packed extras 31.
Chicago gangster Frank Silsby was arrested in New Orleans on a Chicago assault and robbery warrant. He feared extradition and said gangland would seek vengeance, describing a hidden exit and a bullet in the back as his dread. He claimed the Raceland La. wife of two weeks hid him on a back porch.
Captain Frank Hawks departed Los Angeles at 1 a m for New York City to begin a one stop round trip flight from New York to Los Angeles and back. He is joined by mechanic Peter Clausen and carried 340 gallons of gasoline for the journey toward Parks Field, East St. Louis, Ill.
Blanche Henry aged 25 was arrested by the sheriff in West Monroe on a charge of uttering a forged note for $200 to Ouachita National Bank Monroe. Bond set at $1,500. warrant issued by Judge W. M. Harper based on affidavit by O. B. Morton alleging forged signatures and intent to defraud.
Haynesville La June 24 four young men were injured one perhaps fatally when the car traveling from here to Shangaloo plunged down a twenty foot embankment around 2 am Sunday. The injured include Guy Hickman El Dorado Ark fractured skull may die W A Byron head injuries unconscious over twelve hours C G Armor hand abrasions and Sam Busby head cuts Hope was held today Hickman might recover
In Detroit on June 24 the Disabled American Veterans opened their ninth annual convention. A tribute honored American soldiers who died in France. National Commander Millard Rice of Cincinnati planned to deliver the annual report, with Thomas Kirby of Washington to present the legislative committee report.
A large Monroe group attended the Lake Village Arkansas boat races on Lake Chicot. Motors were stolen, traffic jammed the area, and Secretary S H McClary of the Monroe Chamber of Commerce was held up to pass traffic for an hour and a half. The event drew one of the largest crowds Lake Village has had.
The Missouri Pacific lines issue for June announces its agricultural bulletin is printed on kraft paper from yellow pine at Bastrop Louisiana. John W. Wilkinson credits the U S Department of Agriculture chemistry work and International Paper for pulp innovations. The Bastrop mills employ over 1,600 people and invest about fourteen million dollars, with payroll near 1.184 million annually and forestry purchases around 30 thousand dollars yearly.
Liberty bonds quoted with 31 to 28 bid 96 41 48 98.28 and 4th 41-d¢ 99.7. Treasury notes show 41 48 at 107.1 and discounted 10318. Market notes reflect price movements and bids from June 24.
A crowd gathers around a large bus near the court house as F. R. Strahan and Mrs. Jewel McQuiller organize the event. The pair collect names and payments from departing groups, while onlookers like Harry St. John question the spectacle.
Reporters misread the crowd as police trouble but the gathering is Ouachita parish 4-H youths at a five day camp in Richland parish six miles north of Rayville on the Beau river. About 50 from the area joined with camping gear and food on a chartered bus from Louisiana Baptist Children's Home. They expect to return Friday with 200 to 250 participants from Ouachita Morehouse Caldwell West Carroll and Richland parishes.
The United States Navy announced four Spanish destroyers left Ferrol for the Azores. Three will reach St Vincent in about 24 hours, the fourth heads to a designated wreckage site where a British steamer reported seaplane debris. Marques de Comillas, on its way to Spain from New York, has been instructed to search the area.
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