Orleans Cotton ALEAN Market Summary
Orleans Cotton ALEAN reports a steady to firm close with mixed May to December futures. July shows volatility with gains on delayed crop covers before retreating on favorable weather outlooks.
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 29, 1926
Page
3
Orleans Cotton ALEAN reports a steady to firm close with mixed May to December futures. July shows volatility with gains on delayed crop covers before retreating on favorable weather outlooks.
Cotton futures in New York closed easy with a net decline of 15 to 22 points. Prices listed show January to December contracts with openings and settlements around 16 to 18 dollars per unit, reflecting a soft session.
Liverpool on June 29 reports limited demand for cotton with prices easing. American grades show strictly good middling at 9.83 and higher, while strictly low middling sits at 8.78 and good ordinary at 6.13. Sales reach 4,000 bales, including 2,800 American, with receipts totaling 8,000 bales, 5,700 American. Futures barely steady with June at 9.02 and July at 9.00.
Chicago grain notes show wheat futures turning higher after an initial drop despite weaker Liver pool prices. Corn and oats mirrored the trend with early declines followed by a rebound, while provisions remained weak as analysts weighed domestic crop prospects.
Poultry receipts and prices listed for June 29 show alive fowls at 27 to 24 for broilers and six ears of poultry. Bracing figures include springs at 30 roosters and ducks around 20 to 30 with geese at 21.
Louis McDaniel, identified as the June 25 Dixie Overland theft suspect, is held in parish jail after arrest by Sheriff Coverdale and Deputy Mitchell. About $150 in goods were stolen and partially recovered. investigators seek a second suspect.
Baltimore report recounts Patrolman Webster Schuman dying after being shot by a maniac. Witnesses describe a chaotic scene with nearby officers assisting as the attacker fled. The victim, identified as Patrolman Schuman, is named along with other cited victims in fragmented details.
In Ouachita Parish Louisiana the Fourth District Court Seized and will sell at the Monroe courthouse front door on July 24 1926 the Urchfield Natural Gas Company assets The sale includes oil gas and mineral leases from 1922 1924 and 1926 plus all equipment derricks meters lines and rights under various contracts with Standard Carbon United Carbon and others The sale is cash with appraisal benefit to the highest bidder and the property is listed as seized for the writ of fi fa against The Urchfield Natural Gas Company Milton Coverdale Sheriff.
Despite two banks suspending, six remaining Palm Beach banks were reported sound and confident. Large cash deposits flowed in as business leaders guaranteed employer deposits, the Merchants Association pledged support, and the Clearing House Association secured all banks with full resources to weather the crisis. An armored car from Miami strengthened cash reserves as banks met daily demands.
Worthington, manager of the News-Star, returns from an eastern trip including Philadelphia and New York City. He attended a gathering of the Associated Advertising Classy of the World and enjoyed vacation outings in both cities.
Frank Smith Jr. son of Mr and Mrs F T Smith of 200 Sixth Street was knocked down and slightly hurt by an automobile driven by Frank Guerriero of this city at Sixth and Harrison streets. He was riding a tricycle and taken to St Francia sanitar ium for treatment.
Captain Raould Amundsen and Captain Nobile reconciled after six weeks of tension over crew first honors on the Norge flight over the North Pole. Banquet talks in Seattle led to a private chat and a thaw, with Wilkins and Lanphier also noted for their Arctic aviation roles.
About sixty Lions Club members and guests attended the weekly luncheon at the Hotel Virginia roof. Music by The Kentuckians accompanied Frances Germany who sang several selections. Reports covered the Winnsboro trip where a Lions Club was organized.
Keller of the police force arrives back from a Detroit and Cleveland trip and resumes duties on July 1. Reckless driving charges were filed today against Jack Moore and J C Hassell after a collision in front of the post office. The two cars sustained minor damage and were driven by Moore and Hassell. Each posted a $25 bond.
Evangelist Lovick P. Law preached on Hell at West Monroe Methodist Church drawing a large audience. The sermon stressed biblical reality, with thirteen or more converts seeking church membership. The program featured a prominent musical selection and regular congregational praise.
Ponzi, 44, native of Italy, says his Boston securities dealings aimed to net a few thousand dollars and denies criminal intent. He recounts Florida real estate profits, a federal mail fraud conviction, and a bond default that led to his late boat work as a waiter. Deputy Lacey later identified him from police photos and traced his shipboard operations. Potential victims and assets remain a focus of investigators.
The district attorney filed a manslaughter charge yesterday against Marion Davis in the death of 55 year old R. T. McClellan from an automobile collision on the Columbia road. Davis allegedly drove the car that struck McClellan and attempted to flee but was captured hours later.
Reverend M. E. Weaver will become pastor of the West Monroe side church on the first Sunday in August succeeding Reverend W. E. Neill who resigned April 15. Weaver, then pastor of Corpus Christi First Baptist, brings broad experience and ties to the Louisiana State Baptist Children's Home in Lake Charles. He is middle aged with a wife and two children and is expected to strengthenTwin Cities clergy.
J C Murphy age 21 and Ed Fisher age 22 are held in Greenville Miss for authorities here. They confessed to stealing a car in this city on May 6 during a street dance. Vehicle reported to be R F Thompson of 101 Arkansas Avenue. Transfer to this city expected soon.
Senator Julie Fisher of Jefferson parish urged against raising the state gasoline tax from two to four cents per gallon. Senator A. M. Smith of Vermilion challenged the measure arguing farm machinery does not use roads yet would pay more. The Bennett proposal would allocate one cent of the four cent tax to parishes by highway miles. Fisher favors apportionment by gasoline sold. A further hearing was set for later in the week.
Plans are set for a big banquet by the United States Chamber of Commerce in Monroe with attendees from northern east Louisiana towns. Sessions continue tomorrow and Thursday with merchant and retailer group meetings and personal conferences arranged through Mr Matter’s team for proceeds and property interests.
An 8 o'clock program tonight at Hotel Virginia features speaker John H Matter of Washington, D C delivering a specially fine address to attendees.
Miss Lenore Horton, 22, of New Orleans, who said two Black youths attacked her in a Little Rock hotel, swallowed poison yesterday and remained in critical condition. Police planned to question her, but no arrests were made as of this morning.
Notice lists Precincts and dates for visits by J, including Lowe Inabnet's Store Swartz School Bldg Filhiol's Store J. E. Bryan's Store Cadeville School Bldg McCain's Store Hendrick's Store Court House Peter's Fur Co No. 2 Fire Station White City Fill Sta Motor Wheel Corp Clear View Fill Sta La. Train Fill Sta Parlor City Lbr. Co City Hall Calvert's Filling Sta Van Browning's Store Par. at Natatorium No. Side School Blog No. 3 Fire Station C.R. Russel's Clin. Pit Monroe Auto Sup. Co Milner Motor Co Renwick's Swh. Shop alignment Lillian Ollins
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