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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 26, 1930
Page
12
Financial page twelve offers limited market cues with scattered items. Unclear names and figures appear, including mentions of firms and individuals, but specific transactions, dates, or outcomes are not readable.
Stocks showed firmer tone with short covering across sectors led by American Tobacco and Anaconda. Cotton futures advanced with July near 13.64 and October around 13.23 as investors rotated into dividend payers and metal shares strengthened amid steady money flow.
New Orleans reports a further rise in cotton prices driven by small tenders, Washington talk of a farm board push, and heat waves. July contracts saw late gains with liquidation in some positions, while spot buyers remained active. Weather maps show extreme heat with scattered showers in Atlantic states and Oklahoma.
Associated press notes New Orleans seed oil futures with strong close. Prime summer yellow 7.35 and prime crude 6.75 to 7.12. Futures for Jan 7.75, July 7.40, Aug 7.40, Sept 7.60, Oct 7.67, Nov 7.70, Dec 7.75.
Poultry prices in Chicago listed by Associated Press show alive birds for sale across four cars and twenty trucks with fowls priced 19 to 20 cents per pound. Broilers at 26 to 23, roosters 34, turkeys 18, spring ducks 16 to 17, spring geese 16 to 18.
Stocks rally 3 to 6 points with strong, pivotal shares. Bonds show irregular but firm domestic issues. Curb market leaders gain 1 to 3 points. Foreign exchanges are irregular as Spanish pesetas hit a new low. Cotton rises firm amid fears of heat. sugar and coffee steadier. Chicago wheat firm on bullish crop outlook. corn steady on Argentine exports and wheat sympathy. Cattle advance. hogs steady to lower.
Fresh upturns in wheat priced on Liverpool rise and French crop damage reports. Wheat opened 3 8 to 13 8 cents higher, then gave back part of the gains. corn weakened with losses and a later drop. oats eased. provisions advanced. Wheat closed unsettled 2 1 3 to 3 1 8 cents over yesterday, corn 3 8 to 1 up, oats steady to 1 4 up, provisions about 7 82 up.
Raw sugar remained quiet with no sales and spot sugar steady at 3.30 delivered. Futures edged up 1 to 2 points early on then eased. midday list unchanged. Cuban talks urge a commission and pool to sell sugars abroad while refined sugar sells 4.60 to 4.70.
Potatoes trading slowly in Chicago with 95 cent sacks and steady barrel prices. Southern Irish cobblers quoted 1.75 to 2.25 per sack, reflecting weak demand and minimal movement in the market.
New York June 26 Foreign exchanges irregular. Great Britain demand 4.85 13 16 France 3.92 9 16 Italy 5.23 5 8 Belgium 13.95 Germany 23.82 Norway 26.76 1 2 Spain 11.41 Greece 1.29 8 8 Brazil 11.30 Tokyo 49.40 Shanghai 36.18 3 4 Montreal 99.955 16 Great Britain in dollars others in cents.
A condensed list of closing stock data shows Allied Chem and Dye, American Can, American Car and Foundry, American Locomotive, Bethlehem Steel, General Electric, General Motors, Phillips Petroleum, Texaco, and others trading with varied results. The page aggregates prices and percentages across multiple lines, reflecting trade activity in several industries.
Liverpool notes cotton in fair demand with higher prices. American grades rise from strict good middling to good ordinary, with 4,000 bales sold including 1,900 American. Receipts total 8,000 with 1,700 American. Futures closed quiet with listed July to May prices.
Call money easy high 2 low 1 1 2 ruling rate 2 close 1 1 2. Time loans steady 30 60 days 2 1 2 to 8 4 90 days 2 1 2 to 2 3 4 4 months 2 3 4 to 3 5 6 months 3. Prime commercial paper 3 1 4 to 3 1 2. Bankers acceptances unchanged.
Nominee Wallace H. White defeats former Governor Ralph O. Brewster to win the Maine Republican nomination for the United States Senate in a party ballot.
A statewide highway program picnic was held in Mountain View with state officials and candidates in attendance. Speakers included Senator Joseph T. Robinson Governor Harvey Parnell Brooks Hays a gubernatorial candidate and Dwight Blackwood highway commission chairman.
The census bureau reports 574 647 unemployed in a U S region covering about a fourth of the nation with a population of 29 264 480. The data reflect mid year conditions and timing not specified.
The senate voted 53 to nothing to authorize selling government power at Muscle Shoals to municipalities on the same terms as private power companies.
Butter and eggs trading in Chicago on June 26 shows butter at 9 597 steady with varied creamery and standard grades and eggs totaling 15 663 with prices for extra firsts to storage packed lines. Specific butter levels include creamery extras 32 1 2 and firsts 28 1 2 to 29 1 2 while eggs list fresh graded firsts 21 1 2 and storage packed firsts 22 1 2 to 23.
Hogs 30 000 and 11 000 direct mostly steady top 9.10 for butcher hogs. 225-380 lbs others 5.50-9.10. 160-200 lbs 8.75-9.10. 7.75-8.77 for 0-130 lbs. Cattle 5 000 calves 2 000 strong to 25 higher. steers 1300-1500 lbs 10.75-12.75. 1100-1300 lbs 10.60-12.75. 950-1100 lbs 10.00-12.25. vealers 9.50-11.00. Sheep 5 000 fat lambs steady to weak. ewes 2.75-3.50. lambs 11.00-12.50 for 92 lbs and lighter.
New Orleans price report shows butter beans at 1.00, okra 1.00 to 1.50, squash 20 to 35 cents, and peppers 40 cents per bushel. Best green corn 1.00 per 100 ears, eggplants 25 to 40 cents a dozen, tomatoes 30 to 50 cents per thirty pound box. Louisiana and California potatoes and onions listed with varied ranges. cabbage steady at 2.25 to 2.75 per cwt. Mississippi Hiley peaches 3.00 per bushel. watermelons abundant with AlabamaWonder varieties 4 to 40 cents each. One Wednesday shipment note lists mixed vegetables, peppers, and cucumbers.
Lawmakers approved the executive department budgets including lieutenant governor at 5900 annually and speaker at 500 yearly, with frequent amendments to state institutions. Notable items covered include judiciary funding, Adjutant General, agriculture and immigration, health services, and several regional hospitals and fairs, with several line-item changes and rejections by vote.
C H Prater a building contractor aged 56 died at his home in Lake Charles on Tuesday night after a period of illness. He was born near Lake Charles and spent his life in Calcasieu parish. He is survived by his widow three daughters one son five brothers and four sisters.
C D Phillips reportedly confesses to killing Isaac A Moore in a boat on the Bogue Chitto river after Moore attacked him with a knife. The body was found nude and headless. investigators seek to determine if an axe or knife caused the beheading.
Kappa Gamma chapter of Chi Omega at Ohio Wesleyan College received a cup for outstanding cooperation with the national council at the sorority biennial convention in Hot Springs Arkansas. Honorable mention went to the Kappa chapter at the University of Nebraska. Speakers included Miss Eleanor Sweargengen Paris Kentucky Miss Christine Rosboro Bay View Virginia Miss Eleanor Lewis Evanston Illinois and Mrs Ada C Tallman San Francisco. A banquet last night was presided over by Mrs Charles O Connor Tulsa wife of Congressman O Connor.
Protests against Crawford county State Representative Harvey M. McGehee over party affiliation and ballot eligibility were dismissed by a Democratic state central committee subcommittee. McGehee is running for prosecuting attorney in the 15th district.
Ouachita Parish Police Jury convened in Monroe in the court house with Hon. J. M. Breard presiding. The session began with the jury members present and noted officers in attendance as the board addressed county matters.
The Ouachita Parish Police Jury adopts June minutes and endorses state toll free bridges and modern highways to spur employment, asks legislators to back the constitutional amendment, and urges concerted action regardless of party. They authorize courthouse repairs, transport for agricultural youths, and flood relief funding, with staff changes and road projects approved.
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