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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 29, 1929
Page
9
Cotton futures finish slightly down with several contracts trading near the prior day’s marks. Front month March and May show minor losses, while other midsummer positions hold near last closes amid thin trade.
New York markets saw declines as weekend liquidation and local selling, aided by favorable weather news, weighed on cotton. Two private crop reports showed acreage up 3.5 and 2.2 percent with varied end June conditions. Oct sold to 18.53 and closed 18.57, other months also eased from prior levels.
New Orleans June 29 Totton loses about half a dollar today as liquidation and short selling follow forecasts of fair weather for the first half of next week. The weather map shows light eastern showers, with west storms causing damage in the southwest. Private forecasts suggest acreage changes and traders expect further selling ahead of government data.
Hogs receipts 6000 with butchers 250 to 330 pounds at 10.50 to 11.00 and 120 to 160 pounds at 10.40 to 11.35. Cattle receipts about 100 with steers strong to 25 cents higher and yearlings steady. top fed steers 15.65, yearlings 15.50, mixed 15.25. Sheep receipts 2000 with lambs closing around 60 cents below last week. native top 14.50, rangers 14.95, yearlings 12.25 to 12.00, fat ewes 6.00 to 6.50.
Potatoes receipts total 88 with new stock 11, market firm for red stock and steady for whites. Oklahoma and Arkansas bagged bliss tops 2.75 to 8.00, old stock fluctuates. Wisconsin round whites lead price gains from .75 to 1.00.
E L Wright probation officer returned from Mation Indiana after death of his mother in law Mrs Ella Owens Cox 67 who died June 18 and was buried June 22 A son and daughter survive in addition to Mrs Wright who and her small son were to spend a few days in Indiana before returning home
The New York stock market rose with broad strength led by public utilities and merchant trades as credit relaxation expectations supported prices. Investment railroads, power and light stocks and telephone issues advanced with several firms hitting new highs. totals around 1.5 million shares traded.
Market notes show stocks at new highs with rails and convertibles leading gains. Foreign exchange irregular as sterling rises on gold. Commodities list sugar and coffee as holidays. cotton imports forecast favorable weather. Chicago wheat firm with bullish private crop estimates. corn reflects unfavorable Iowa reports. cattle and hogs steady to higher.
In Chicago a general rush to buy pushed wheat higher early on June 29 before a pullback. Corn oats and provisions followed firmer trends with corn near its prior range. Wheat closed unsettled up 1 1 4 to 2 1 4 cents, corn mixed and oats and provisions varied across small ranges.
Liverpool report shows cotton spot in moderate demand with American sales totaling 2100 bales of 5000. Prices for grades fall from strict good middling to good ordinary. Receipts reach 1000 bales. futures settle quiet with July at 9.90 and May at 9.95.
In New Orleans on June 29 Associated Press reports cottonseed oil closed steady with prices for prime summer yellow at 835 in crude 750 to 775, and futures for months including January 885 July August 860 September 870 October 875 November 880 December 880.
Chicago June 29 Butter prices fall with receipts of 18 071 tubs Creamery extras 41 1 2, standards 42, extra firsts 40 to 40 1 2, firsts 39 to 39 1 2, seconds 87 1 2 to 38 1 2 Eggs unchanged with receipts of 15 095 cases.
U S government bonds listed with Liberty 3 1 2s at 96.12 and Liberty 4 1 4s near 99.13. Treasury 4 1 4s quoted around 107.18. The market summary notes slight activity and prices reflected in the daily listings.
A dense list of closing prices and ticker notes for numerous companies across sectors including Am Can, Am Car & Fay, Am Loco, Sug, Anaconda, Atlantic Ref, Bethlehem Steels, Canadian Pac, Gen Elec, Du Pont, Westinghouse, Coca Cola, Reading, Sears Roebuck, Studebaker, Union Carbide, US Steel, Woolworth, and many others. The compilation enumerates each issuer with its latest price or note, reflecting a market snapshot for investors.
Axel Newman sues James C. Eddy for 15600 in Lake Charles claiming an October 14, 1928 crash near Kinder while Newman was a guest in Eddy’s car caused a broken left leg and long bed rest. Eddy allegedly failed to take proper precautions.
Jackson Mississippi reports four people injured in separate crashes yesterday and Friday. Betty Thurmond five year old girl was struck by a car driven by Mrs F A Reinart and seriously hurt. W L Franklin music teacher was hurt Friday in a collision. R McNeil Fon dren service station manager was unconscious after a collision with W B McLean early today. Mrs H S Miller sustained a broken knee cap in the McLean auto incident.
Chicago June 29 Franklin S Hardinge a 62 year old oil burner maker testified Miss Ann Livingston Tulsa divorcee sought his fortune not him and motherhood She sues for 250 000 after refusing to sign a prenuptial agreement Hardinge defense pressed details of her interest and a life insurance medical exam was blocked by the judge with a surprise hinted for later in the trial
Miss Muriel Mellerup rode a white charger in flesh colored tights as Coventry stages a four mile pageant reenacting the Saxon tale of Lady Godiva to benefit the hospital. Clergy and officials helped quell opposition as crowds of Americans and tourists watched the historic procession with cameras rolling.
Alphonse Capone loses bid for release as the municipal court dismisses his writ of error seeking bail pending appeal. Judge John E. Walsh denied admission to bail after a two hour hearing related to Capone and bodyguard Frank Cline.
Senator Smith of South Carolina says Hoover will not assign cotton industry representation to the federal farm board. He notes the farm bill favored cotton and wheat and expected at least one cotton advocate on the panel. He questions Carl Williams of Oklahoma as a true cotton man despite his background with the American Cotton Growers Exchange.
New York reports Frieda Hem pel, the singer, returned from abroad with news that her gowns drew much favorable comment in Paris. Many in attendance asked where she bought them, and she replied that they were "in America."
Memorial services were held for Louisianans who died in the past year during the 13th annual Louisiana Traversers' association meeting in Baton Rouge. Rev H H Thompson conducted the service as about 300 delegates prepared to elect officers and choose the 1930 convention city with a banquet and dance planned for the night.
A six passenger Travel Air plane is delayed at the Wichita factory delaying Delta Air Service plans to extend Jackson to Birmingham service slated for July 1. Pilot P. L. Higgins remains at the factory awaiting the aircraft to fly to Monroe. The exact delivery date is not announced but will occur later in the week and the current passenger and express service will continue to Jackson only.
New Orleans June 29 The Liberty Oil Company of New Orleans sells all assets to Standard Oil of Louisiana in a planned July 1 transfer. The deal covers a refinery in New Orleans four bulk stations in Gretna Cottonport Algiers and 20 New Orleans service stations. Appraisal will set value and officials will not disclose amounts until completed.
The Navy today awarded contracts for construction of the first two light cruisers of its 15 cruiser program to the Puget Sound Navy Yard and Bethlehem Shipbuilding Corporation of New York.
President Hoover named two nominees for the federal farm board. C S Moscrip of Lake Elmo Minnesota and C C Teague of Los Angeles are offered positions. The announcement emphasizes appointments to manage agricultural policy at the federal level.
Local ad promotes Jake's Auto Body and Top Shop at 116 Hall St offering services to repair dents from auto accidents.
Local observers report the hottest night of the summer with low 74 degrees and 87 degrees in the evening. The day reached 90 degrees with high humidity, offering little relief as warm conditions continue into tonight and Sunday.
SHREVEPORT La June 29 The Bossier parish unit of the constitutional league of Louisiana has been formed with W H Hodges of Elm Grove as chairman J F Fullilove is secretary treasurer Since the organization five percent citizens of Bossier joined the organization without solicitation
New York June 29 foreign exchange irregularities noted with different currency conventions. Great Britain quoted in dollars and others in cents. Rates include France 3.91 1 16, Germany 23.80 1 2, Tokyo 43.65, Shanghai 58.00, Montreal 99.09 3 8 among others.
Major Ramon Franco and three crewmembers vanished after departing Cartagena June 21. A rapid international search by British, Italian, Portuguese and German forces expanded from the Azores toward the Mediterranean. Reports later confirmed discovery and rescue as the aircraft recovered in poor condition with the crew safe.
In a statement today the pilot and crew of the air carrier Eagle discussed the mission from Cape St. Vincent to the Azores. They cited continuous cloud layers obscuring the route and a strong headwind that hindered passage to the Azores, with an intended arrival around 9:00 am Greenwich time on the 22nd.
Johnson and Haughland sail onward in the Miss Minneapolis monoplane Miss Minneapt. at 3 a m they reach 124 hours aloft as they seek the 17 1 2 hour endurance record. Refueling, weather, and engine reliability are tested as the crew stays afloat toward a new mark.
Miller testified he discussed the case with Sheriff Din before the killing and sought a remg for Remel but changed plans after learning Remel would occupy the Clements home. Mrs Cle recalled Remel returning and forcing himself on her. she described torn clothing and firing in self defense, while Miller denied an argument with his wife.
In Alexandria Louisiana on June 29 the prosecution sought to impeach Mrs. Percy Miller's testimony in the trial of her husband charged with the Edward Remel murder. Witnesses testified to seeing Mrs. Miller with a man the day before the shooting and to a statement that the kill was because she had gone riding with a man. The court heard that Percy Miller Jr eight year old was summoned and questioned as well. The judge allowed defense and prosecution to confer with the boy and the lad testified that a boy who does not tell the truth will be punished by the devil.
Local ad notes Jake secures the Dents 64 Auto Body and P Shop slot at 116 Hall St. The advertisement marks a new promotional placement for the business, highlighting services and location details.
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