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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 28, 1930
Page
5
The cotton market in New Orleans closed steady after a quiet weekend session. Liverpool outperformed initially with gains of 7 to 9 points, while New York's firmer cables failed to elicit a response and the market eased. July, October, and December contracts fell from highs but closed with net advances of 5 to 7 points as activity remained narrow.
New York June 28 trading in cotton was quiet as traders covered for weekend risk amid heat fears in the south. July futures reached 13.60 and October 13.06 with modest gains. spot middling 13.70, market steady and close 6 to 9 points higher.
New Orleans June 28 Prices were steady with a few points gain as dry hot weather and improved spot demand support the market. Reports of a smaller crop and lower acreage are contrasted with forecasts of warm, mostly fair next week. Temperatures reached 100 to 107 in the south as traders weigh rain chances and potential price moves.
Chicago June 28 cattle receipts 300 cattle 300 with grain fed steers 25-50 higher than last week then sharp downturn covered with closing prices 50-100 over Monday. Hogs 9 500 including 8 000 direct trade mostly steady top 9 25 around 200 pounds. Slaughter steers 250-300 pounds 8 65-9 20 and 200-250 pounds 8 85-9 25.
Liverpool notes quiet cotton trade with prices easing across grades. American good middling at 8.62 and related forward futures closed steady. 8,000 bales sold, including 1,400 American. No receipts. Futures listed for July through May and July at 7.49 to 7.24.
Butter prices steady at 12 429. eggs listed 16 580 with varied grades. Fresh and current receipts show slight movements, including extra firsts and firsts, while storage packed items also hold steady.
Wall Street slumped into a quiet trading session with the smallest Saturday turnover in two years. Bears failed to push major stocks lower, and several issues edged off then steadied as sentiment showed cautious accumulation. Rail and steel sectors were weak amid news of curtailed output and sluggish retail activity.
Monroe club member E. R. Dawson reports on one of the organization’s best conventions held in Chicago. D. Aubrey Haas of Monroe is confirmed as district governor and Haas along with Elmer Slagle are due back in Monroe tomorrow. About 20 000 Rotarians attended the event focusing on international fellowship and closer global understanding. The next convention will be in Vienna Austria.
New York markets show irregular trends with Southern rail at a new low and bonds steady. Curb list moves narrowly in a dull market while Spanish Peseta remains weak. Cotton higher, sugar and coffee holiday, wheat lower on rains in Canada. Corn easy on bearish Iowa tips and beneficial showers. Cattle and hogs steady.
Chicago June 28 Wheat prices ease from initial gains with a broad retreat across corn oats and provisions. Wheat closes 7 8 to 13 8 cents under yesterday while corn 5 8 to 11 2 cents lower oats 1 4 to 1 3 pence down and provisions mixed with small declines and modest rises.
Potatoes firm with good demand for available stock while weak quality eases. Kaw Valley stock notes sackings at 1.75 to 1.85, ordinary 1.50 to 1.65. various industrials and rail firms listed with price figures, including United States Steel and Western Electric, among others.
USDA market report from New Orleans notes scarce snap beans and higher prices at $1.50 to $2.00 per bushel, butter beans about $1.00, and okra $1.25 to $1.50. Peppers 35–40c, squash 25–50c, cabbage $2.25–$2.75 per cwt, green corn 75c–$1.00 per 100 ears, tomatoes 30–60c per 30 lb box. Florida Tom Watsons 50–60c, California reds $2.75, Cuban aligator pears $5.50 per crate.
In New Orleans on June 28 the foreign exchange market showed irregularities with rates: Great Britain 4.85 15 16 in dollars, France 3.92, Italy 5.234, Belgium 13.95, Germany 23.81, Norway 26.773, Spain 11.04, Greece 1.293, Brazil 11.24, Tokyo 49.43, Shanghai 87.624, Montreal 99.963.
Poultry alive in Chicago on June 28 reported by three trucks with steady demand and prices unchanged.
Baton Rouge announces a June apportionment of 383 101.92 from the state school fund to parishes. The distribution provides 52 cents per educable child statewide, allocated by educable population, totaling 7.56 dollars per educable child for the year. An additional 25 cents per educable child may be released if severance taxes rise per a Supreme Court decision.
Police rushed to Burgundy and Orleans streets after a report that two men in a car pulled a man from another vehicle, beat him severely, then drove away. Authorities investigated the incident just before noon today.
Hoot Gibson married Sally Eilers at Baker’s ranch and left for a northern honeymoon. The pairing links a famed cowboy actor with the noted film star, following a high profile ceremony.
Deputy Sheriff Ritchie of LaSalle parish returned Tom Roomey to LaSalle amid a larceny case. Roomey, held in Monroe city jail after arrest on a LaSalle warrant, faces theft charges for several bras.
In New Orleans on June 28 cotton seed oil closed steady with prime summer yellow at 7.35 and prime crude from 6.75 to 7.12. Futures show January 7.80, July 7.55, August 7.50, September 7.65, October 7.70, November 7.70 and December 7.75.
ALEXANDRIA June 28. W A Stamper 50 of Natchitoches was instantly killed and his wife 45 fatally injured in a automobile accident near Calvin Winn Parish while en route to Winnfield for a wedding. Mrs Stamper was taken to a Natchitoches hospital in precarious condition.
Officials at the naval air station denied that the airship Los Angeles broke loose from its mooring mast or had landing trouble after a practice flight. Commander Charles E. Rosendahl said reports of a snapped cable tearing the cover and injuring two ground crew were erroneous.
Jeb Allan Hoover, second son of the President, will work this summer in a Bayonne New Jersey factory and return to Harvard Business School in the fall.
Warren C. West, a federal building janitor in Tampa, to receive $75 from a 1898 watermelon loan paid by the United States. Senate approval sets the way for $150 owed to surviving Vesta family members, with half to Warren and half to his brother Isiah, a Dayton Ohio preacher, upon Hoover's signature.
Mrs Judson M Grimmet Louisiana national committeewoman who met Admiral Byrd in Washington today urged President Hoover to appoint Ben C Dawkins to the new western Louisiana district federal circuit court bench. She recently returned from the capital praising Dawkins and requesting the nomination.
Many contractors are expected in Monroe for the bid opening on the proposed $450000 city high school. Bids are set for 10 a m at city hall but may be opened on the Hotel Virginia roof to accommodate a larger crowd.
A 500 person protest at the British consulate in New York on Whitehall Street ended with police using night sticks to drive demonstrators from the building. Members identified as communists clashed with officers including 40 uniformed patrolmen and plainclothes officials.
London June 28 Mrs Kate Meyrick known as London's night club queen and mother in law of two peers was arrested again and charged with unlawfully selling intoxicants at the Forty Three club without a license. Police had visited the club early Thursday to question officials and take patrons names.
Shanghai. On June 28 three hundred thousand nationalist and rebel troops fought in northern Henan along the Hai Chow Tungkwan railway. Each side sent 50,000 reinforcements as northern forces pressed nationalist defenses. By nightfall the outcome remained uncertain with more troops heading to Lanfeng Kaifeng sector.
Dr J H Kelly of Oak Grove visited Monroe this morning returning from New Orleans where he attended sessions held by disabled war veterans. The visit highlighted postwar veteran care events attracting regional interest.
In Clarksville Arkansas on June 28 192? a 24 year old miner named Jesse Bridges was killed when a rock fell on him as he worked near the town. The accident occurred late yesterday at a local mining site.
Marion Wellford of New Orleans and Jack Morris of Atlanta won their first round matches in the Tri-State tennis tournament in Memphis. Wellford beat Pick Butler 6 3 6 3 and Morris defeated Charlie Schadt 6 3 6 4 in the senior final round as fifty six men began the singles draw.
Washington report details how a damaged mail package allowed a pink boll worm to escape. Atlanta quarantine inspector Tom O Connell found the pest in cotton seed from India, highlighting dangers of mail shipments.
Crowley reports a 103 degree maximum tying the hottest day in 21 years. Acadia Parish suffers extreme dryness and a rain is needed to ease irrigation for rice fields and ditches.
New Orleans reports a 16.5 percent population rise to 451 624, an increase of 64 405 since 1920, with most wards showing growth. Treasury records show June 26 net balance of 344 272 189 26 and customs receipts of 68 444 571 80, expenditures 12 703 399 72.
The funeral of Ben Moore, 75, was held at his home seven miles east of Monroe at 10 o clock this morning. Rev. L. T. Hastings officiated. Western Star lodge of Masons, of which he was a member, conducted the grave service at Riverview Burial Park.
Clifton L. Booker, manager of George Breece company sawmill at Baskin, died last night at his Baskin residence. He is survived by his wife and several children. Funeral is set for tomorrow at 2 p.m. at the Baskin church with burial at Riverview Burial Park.
Special to The News Star Rayville Louisiana June 28 Harriet Dooley 82 died at home of her son in law T E Speight Richland planter and former town marshal Funeral services at residence with burial in the Masonic cemetery Surviving are daughters Mrs T E Speight Rayville Mrs Mary Lambright New Orleans Peter D Dooley and Robert L Dooley Woodville Miss
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