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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 24, 1930
Page
10
The New Orleans cotton market on June 24 shows limited movement with July delivery easing to 12.74 after a 32 point drop from yesterday. October slips to 12.72 while new crop months fall amid rains in Oklahoma and a weaker stock market. Exports total 19 470. Spots close quiet at 12.36 off 30.
New York cotton prices moved unevenly with July slipping to 13.21 and new crop positions dropping 5 to 19 points before partial recoveries. By 2 pm the market was barely steady with most futures 9 to 27 points lower and spots at 13.25, amid broader grain weakness and unsettled stock markets.
New Orleans reports moderate cotton declines tied to belated July liquidation and other months selling. Trade buyers support prices despite expected notices from the farm board's large July holdings, with forecasts of further declines fading as buying volume remains strong. Weather shows extreme heat in central regions and rains in Oklahoma and western Arkansas. A Rio Grande cotton lot sells at auction for 1.50 per pound to the Cotton Cooperative association.
Potatoes in Chicago trade show weakness with prices around 146 and slow activity. Southern shipments sack Bliss variety at 2.50 to 2.75, reflecting subdued demand and limited moves.
Butter prices steady at 18 447 firm. eggs steady at 26 024 with extra firsts at 23 to 23 and current receipts 21 to 22. Storage packed firsts 22 and storage packed extras 23 to 23 quarters.
Poultry market data from Chicago shows alive offerings across 4 carloads and 40 trucks with prices steady to firm. Fowls 20-21, springs 30. broilers 22. roost ere 14. turkeys 18. spring ducks 16-19. springs geese 20.
June 24 report shows liquidation lingering over three weeks with dull trading and faint rally hints. Rail shares fall to multi year lows while wheat prices slump, and total volume remains around 2.65 million shares as major issues slide.
The Louisiana House held memorial services for Sim Parent of Pointe Coupee and John J. Williams of Orleans who died on successive days. Members paid tribute with eulogies, floral tributes covered desks, and resolutions of sympathy were adopted. The house adjourned in respect to the deceased.
Markets show irregular moves across sectors with railroads sinking to new lows and U S governments advancing. Curb and foreign exchanges move narrowly as the Spanish peseta falls. Commodities like cotton and sugar show varied signals while coffee climbs on firm Brazilian markets. Wheat weakness contrasts with favorable harvest weather for corn. cattle vary and hogs decline.
Chicago grains faced weakening crops with wheat dropping 1 to 2 cents from the prior session. Corn oats and provisions followed suit with corn opening steady to a half cent lower and extending declines as trading progressed.
Associated Press reports seed oil in New Orleans closed steady with futures showing prime summer at 7.05 for yellow oil and 6.50 to 6.75 for crude. Month by month quotes list January 7.32 and December 7.82 among others.
AP reports Liverpool cotton market stayed quiet with higher prices across grades. American futures show a barely steady close with July at 7.05 and five other futures listed through May 7.09.
A dense list of closing stock figures for numerous American companies herein, including Allied Chemical, American Can, American Car & Foundry, American Locomotive, Bethlehem Steel, Chicago Great Western, General Electric, General Motors, United States Steel, Northern Pacific, and Packard Motors among others. The compilation reflects end of day prices and market positions across diverse sectors including chemicals, automotive, steel, rail, oil, and utilities.
One person was slightly hurt and three automobiles damaged after a collision at Central Service station on Grammont street this morning. Involved were Mrs. Mamie Miller Mrs. Simms Fred A. Green and Elsie Will. No charges were filed.
The city records three consecutive nights with minimum temperatures up by one degree each. A 76 degree low last night followed by higher values the prior nights shows a continuing heat trend. At 1:30 pm the Ouachita Natural Gas thermometer did not exceed 100, while yesterday’s max hit 194.
Near relief is hoped for as nine fatal prostrations and four drownings are reported. Heat battered the region from Atlanta to Montgomery with temperatures around 100 degrees, a 102 in Montgomery and an unofficial 115 in Dublin. Casualties include a Dacula train wreck injuring nine and a painter collapsing on a Birmingham roof.
Oklahoma City reports two deaths from the heat wave. Frank Willis, 40, a truck farmer near Tulsa, died of sun stroke. George Winn, 18, drowned while fishing on Verdigris River near Tulsa as temperatures hovered around 80. Weather forecasts warn continued heat in the southwest.
The Lincoln parish school board awarded the Dubach school project to Tom Wilmoth of Camden Arkansas for 31 640. The building will house 12 classrooms and an auditorium with reinforced concrete foundation built up roof plastered interior and steel and iron frame with art brick exterior. L M Harper of Pineville won the plumbing contract for 2741 and Crow Electric of El Dorado won wiring for 1280.
The R. E. Flowerree & company brokerage in New Orleans reports the first 1930 cotton bale from the Rio Grande valley sold for 1.50 a pound. It was consigned to E. F. Creekmore of the Cotton Cooperative Association and sold to the Trade Extension bureau of S. H. McClary, Chamber of Commerce. McClary, returning from St. Louis, and N. E. Dawson of the Louisiana Arkansas Barge Service also investigated a late model tow boat and joint water rates from Ohio River points to Ouachita.
Lions Club luncheon as usual with a new order from the president and a cash fine for disobedience. Edgewater improvements push ladies night and officer installations two to three weeks. Newly elected officers installed at Hotel Virginia next weekly luncheon, with formal installation later. Mack Trio and piano accompaniment entertained the club. Lion B M McKain predicts Monroe may lead state musical talent in two years, lauding local musicians. Lion Robert Burns promotes Monroe baseball club funding for night games. over 8000 dollars earmarked for improved lighting. S. L. Stine attended as guest.
Burglars hit two Monroe residences in a period spanning Monday night to today. At 520 Riverside Drive, P. M. Atkins, head of Twin City Furniture and Hardware and vice president of Central Savings Bank, reported $50 to $60 stolen from two small banks in the home after entry through a rear door. At 305 Park Avenue, R. E. Major reported money missing from a room this morning.
In a floor clash, Heintz urged adoption of his highway bill while Ginsberg pressed indefinite postponement. The vote on postponement failed 45 to 45. the full bill was then defeated 43 to 45. Webb and Bennett debated an Ouachita district attorney aide bill from the senate.
The chamber approved a motion to return the bill to the calendar by a 78 to 14 vote and then passed Bauer’s title registration bill 51 to 35. Lawmakers adjourned until 8:00 p m.
The Los Angeles Ministerial Association pledged to investigate the morals of motion picture actors and actresses. Those deemed open to question will be blacklisted and church members urged not to patronize theatres showing their films.
The funeral for W. B. Cowan 86 was held at 10 a m today at Cowan cemetery near Mt. Vernon. He died after a weeklong illness at his home 412 Cypress Street West Monroe. Unmarried he is survived by two brothers J. H. Cowan West Monroe P. E. Cowan of the residence and Mrs J L. Lewis Calhoun and was an electrician by trade. Rev M E Weaver conducted the service with Masonic burial at the grave.
Sedgwich Parker, 16, son of a local farmer, died from a bullet wound to the abdomen. The accident occurred while Parker and Hilton Williams, 16, hunted hawks near Bayou Mason. Williams fired at a dead limb with a .22 rifle, and the bullet ricocheted downward injuring Parker. The boys were related by marriage.
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