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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 29, 1928
Page
3
The market showed reduced activity with a mild rebound from week-end lows and profit-taking. Prices firmed late with futures steady 11 to 12 points above the lows, and spot cotton drifted lower by 17 points as sales reached 570 with middling around 22.63. Opening bids listed January 22.32 and July 22.47.
Eight percent cash money returns to Wall Street for the first time since June 2, 1921, easing early gains and prompting a brief selling lull. Dupont rose to 1214, while Curtiss Aeroplane, Detroit Edison, Savage Arms, American Republics, and Indian Refining preferred plus Texas Pacific advanced, with Atlantic Refining hitting a new 1928 peak.
New York stock market report shows October contracts rising to 22.87 before a reversal as buying momentum eased. Mid afternoon trading drifted lower by 7 to 10 points with futures ending barely steady to 15 to 20 points down. spot middling cotton quoted at 22.80.
In New Orleans on June 29 the Associated Press reports closing cotton seed oil prices with prime summer yellow at 9.75 and prime crude at 0.872 to 29.00, terms for January to December futures ranging from 10.16 to 10.95 with December at 10.18.
Liverpool market reports quiet on cotton with prices rising. American grades show strong middling and strict grades at 12.54 to 12.59 for good positions while totals include 6,000 bales sold with 4,700 American. Receipts include 1,000 total and 309 American. futures closed barely steady with July 11.89 and October 11.97.
New Orleans reports show cotton climbing to higher prices in early trading on June 29 before heavy selling and a fair-sized setback as weather notes and rainfall in northern regions mix with Texas reports. Traders weighed forecasts of continued weevil-friendly conditions and possible American mill closings next week.
Chicago grain markets open lower on harvest drought concerns with wheat slipping 1 to 8 cents, while corn, oats and provisions climb. Prices listed include No 4 red winter etc and various corn, oats, rye, barley and seed figures reflecting mixed trading in Chicago.
Livestock prices show 16 000 hogs traded with gains up to 10 cents, top 10.80 for 200 250 pound hogs. Cattle about 2 500 head and calves 1 990 with firm to higher trade on grain fed steers and yearlings. Sheep 8 000 head, light weights strong, heavies higher, lambs 15.25 to 16.65, ewes 4.00 to 7.90.
Butter prices and egg market activity from Chicago show steady cash tone. Butter receipts totaled 31 173 tubs with varied grades and prices mostly around 40 to 42 cents per pound. eggs unchanged with receipts 14 340.
In Chicago on June 29, poultry receipts increased with 7 cars of fowls 23, broilers 29, springs 34, spring ducks 24, geese 22.
Miami reports a new 12 month high as about 650 carloads of fruits and vegetables were shipped to north and eastern markets in two weeks. Robert Hunter of Merchants and Miners confirms the surge amid Everglades cold snap. Farmers anticipate another month of strong shipments.
St Louis June 29 Leslie Smith pilot for Robertson Aircraft Corp left Little Rock Arkansas at 7 10 last night for St Louis in a DeHaviland plane and has not been heard from Robertson officials fear for his safety smith has eight months flying the St Louis Chicago air mail route without an failure to get through He had a parachute and was carrying pictures of the democratic convention at Houston to St Louis.
Paris report says the French Ministry states actor costumes and makeup are tools of the trade and cannot be taxed. Deductible expenses apply to tools, with streetwear exempt. nude dancers may deduct body paint and makeup from gross income.
New England Council releases Come to New England a revised edition of How To Find Where To Go in New England. Over 20,000 copies requested by railroads for tourist information services. total distribution may exceed 100,000. Directory covers 191 publications from 103 organizations across six states.
Two sisters quarrelled over Mahmound Faruk Effend’s $56,000 legacy near Mersina. They fought with knives after a card draw to decide eligibility for the fortune, the elder Zeike having married and been refused the money, leading to both deaths.
Baton Rough June 29 The Allen senate bill passed the house to authorize the governor to institute suits to annul objectionable state contracts. It already passed the senate and goes to the governor for signature. The measure would give the governor power to file suits and employ counsel in such cases, a point of dispute with opponents.
The 25th Democratic National Convention adjourned sine die at 1 47 p m in Sam Houston Hall Houston Texas today after a four day session June 29.
Mrs. R. Ingram of Lexington asserts after childbirth she was frail, nervous, and underweight. She credits Cardus tonic with weight gain, renewed strength, and improved ability to work and socialize. The ad claims thousands of women endorse Cardus and promotes its herbal, harmless formula available at druggists.
A brief film clip captures Governor Al Smith of New York, then Democratic presidential nominee, presenting multiple facets of a prominent political figure in a concise ten-second sequence.
Jerusalem reports European made souvenirs labeled Holy Land flood the market. German produced items mimic local designs and erode Palestine craftsmen’s livelihoods. High Commission urged to curb imports unless clearly labeled with place of manufacture.
Berlin June 29 Emil Ludwig's Son of Man captivates readers as a biography of Jesus drawing intense attention in Germany. The work, hailed as a major literary sensation, probes historical and religious themes with bold interpretation.
Ben F. McClure a Ruston undertaker 38 years old was seriously hurt three miles east of Cheniere on the Dixié Overland highway this afternoon. He was alone in his car en route home from Monroe when the wreck occurred and an ambulance from Monroe rushed him to a Monroe hospital upon its arrival.
Review discusses a work portraying the Son of Man evolving from dreamy youth to a mighty prophet who believes himself Messiah yet dies a worldly death in despair. The piece labels the book an historic romance, centering on human motives rather than divine mission.
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