Cotton futures close steady amid narrow swings
In New Orleans June 26 cotton futures finished with small gains and steady tone. Prices for July and October contracts moved within brief ranges as market activity remained limited.
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 26, 1926
Page
5
In New Orleans June 26 cotton futures finished with small gains and steady tone. Prices for July and October contracts moved within brief ranges as market activity remained limited.
New York cotton futures closed steady with net advances of 6 to 11 points. Prices shown for January through December contracts reflect slight upswings from the prior sessions with mixed opening quotes for January March October and December deliveries.
Liverpool cotton market reports steady futures with small drop in spot prices. Roundup lists American grades from strictly good middling to good ordinary with notable sales and receipts totaling 2,090 and 4,000 bales respectively.
Chicago June 26. Potatoes show mixed trading with Wisconsin sacked round whites at 2.65 to 2.85 per cwt and Idaho Russell fair quality 2.60 to 2.75. New stock is weak with southern Triumphs 3.50 to 3.75 and cobblers 3.25 to 3.50. California long whites 3.60 to 3.75 and North Carolina barrelled cobblers 6.25 to 6.40.
Wheat advanced after a wavering start as threshing delays and firm Liverpool quotes influenced values. Receipts in Kansas were large, offsetting gains as markets fluctuated. Corn and oats stayed firmer with modest upturns while the provision market eased.
The Chamber of Commerce annual dinner is set for next Tuesday at Hotel Virginia ballroom. Reservations reach 217 with 54 non locals from northeast Louisiana and 163 locals. planners expect about 300 plates. Speaker will be W H Matter from Washington DC, a merchandising expert for the U S Chamber of Commerce.
Five thousand pounds of sugar made from Louisiana grown beets have been shipped to market by the Louisiana experiment station of the State university. An additional 10 000 pounds is ready for marketing. Eight tons have been refined this year and two more tons are expected before the season ends. Officials and planters promoting beet sugar praise prospects for the crop.
Poultry alive weaker as receipts reach two cars with varied bids. Fowls bring 25 to 26 1/2 cents, broilers 24 to 30 cents, springs 35 cents, turkeys 36 cents, roosters steady and ducks 25 to 30 cents.
The Missouri Pacific rail road announces changes in train times starting tomorrow. Details appear in the other column of today’s paper.
J O Sabina flew from Des Moines Iowa to Pascagoula Mississippi about 900 miles in eight hours in his own airplane with his wife and a friend aboard. One fuel stop was used for gas during the nonstop feel of the journey.
A violent storm across the Lake Constance region kills nine people in various villages. The roar of lightning also floods rivers feeding Rotenburg’s Nekar river, drowning many sheep and poultry as emergency crews struggle to fill river crevices and cope with damage. The dead include a mother of five.
David Marx of Southern Hardware told police on May that his Ford coupe with number 149 136 was stolen from a parking space in an alley near the business district last night. The news item also notes various travel and local church notices and an infant death at 401 North Fifth Monroe.
T E Flournoy stated plans are nearly complete for a new three story Strauss Inc department store on the Ouachita Bank lot. The contract will be let and ground broken by July 1 with completion by November 1, using day and night shifts to speed construction.
Baton Rouge June 26 A P The House closed its calendar on luxury tax appropriations and anti evolution measures while the Senate sent the sterilization bill to the House. Expect debate over the tax on cosmetics and tobaccos as schools rely on revenues.議
Ouachita Parish Health Unit plans to relocate on about July 1 from current quarters to the second floor city hall rooms on the north side of the building. Monroe Welfare Association will take over the former health unit space. Dr. Neal will attend a New Orleans conference with health unit directors to present a paper on mosquito control and discuss expanded duties.
Paris inspired fashion features a peach taffeta dinner frock with silver lace trim. The three piece tunic is shirred front panels, back plain, round neck, French folded sleeves. Pattern No. 2981 in sizes 34 to 44 bust, 45 cents.
Oil flowed briefly at Urania No 1 2-9-1E before water cut depleted the flow. Montague No 2 Zenoria 11-9-2E shows erratic oil and water production, while Taylor No 1 near Zenoria begins a new test. Central plant expansion by Natural Gas and Fuel Company consolidates output from multiple wells in 10-2E and nearby sections.
The annual Rayville agricultural club camp for boys and girls begins Monday, drawing youths from Ouachita Morehouse Tichland Concordia and Lincoln parishes. An estimated turnout may exceed last year with transport arranged from Calhoun and Ouachita court house sites. The 11 acre Roeuf river site serves as the camp grounds for five days of instruction, swimming hikes and games with a detailed grocery and utensil list required for campers.
In Louisville Kentucky flames swept the third and fourth floors of the Atlantic building injuring three firemen and forcing several residents to flee. Damage was estimated at sixty thousand dollars.
The city court yesterday disposed cases including Sam Wexler speeding 25 dollars and costs H T Simon speeding 25 dollars and costs Geo Van Horn speeding 25 dollars and costs Jeff Gray fighting 100 dollars Levi Thomas trespassing 10 dollars Clarence Henry trespassing 10 dollars W A Platt fighting 12 50 C W Jones dis orderly house 100 dollars Bessie Scott anti vice 100 dollars stayed conditionally
Evangelist Lovick P Law urged the audience that only the blood of Jesus offers remission for sin. He warned that sin harms conscience and will, leads to ruin, and must be resisted to reach heaven. A large crowd responded to the closing prayer and the choir, led by DeEly Jr., provided the service’s musical finale. Law spoke again at 11 AM Sunday at the Methodist church and at night at the Baptist tabernacle.
A small classified ad promises to sell valuable property for only a few cents, potentially turning a minor investment into thousands of dollars for the seller. The wording suggests a quick, low-cost route to a large payoff, typical of persuasive ads.
New York June 26. Railway shares showed strong rise as twenty leading issues hit new year highs aided by heavy freight, favorable May earnings, and merger rumors. Industrial and steel shares firm while oil and refining faced mixed moves amid inventory season and earnings outlooks.
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