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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 30, 1927
Page
13
Midday trading shows cotton futures easing on bearish crop data with December and nearby months slipping. Prices drifted to about 6 to 9 points lower as buyers awaited fresh reports while boll weevils and market receipts influenced activity.
June 30 cotton price roundup reports quieter trading with advance reactions recovering. The market shows mixed figures with middling around 17.05 to 17.84 per unit, and several traded prices listed for January March May July September October and December contracts.
The Liverpool cotton market reports a drop in spot prices with good middling at 9.74 and middling 9.04, strict low middling 8.34, and strict ordinary 7.99. Sales reach 10,000 bales as American receipts show 500 bales. futures close steady with October 9.07 and January 9.16.
Wheat prices opened higher then slipped with rust reports in major districts weighing the market. Oats and corn traded unevenly with oats firming and corn down. Provisions edged higher while prices for various grains fluctuated through the session with mixed near term signals.
Butter receipts total 12 936 tubs with cream extras 40 standards 59 1 2 firsts 38 1 2 49 0 e Firsts 1 2 seconds 34 35 1 2 2 lower. Receipts 10 003 cases 22 23 ordinary firsts 0 12 1 2 storage packed extra 2 packed firsts 24.
New Orleans June 30 Cotton gained strength amid rains in Texas and the Mississippi valley and forecasts of more rain in the northwest. Reports of increasing weevil infestation, volatile acreage estimates from private bureaus, and expectations of hot dry weather to curb pests drive market fears of higher prices.
A dull session sees Southern Pacific at 117 1 4 with transports and rail equipment shares dropping after unfavorable trade news. Bulls regain some ground as wheat rises on hopes the Illinois messenger bill is dead. total volume near 1.4 million shares.
Locals L. G. Clement of Monroe foreman for United Carbon was struck by a traveling block about 10:50 a. m. he suffered a sprained back but x rays show no broken bones and a minor arm scratch. also noted Mrs C L Wood reports theft of a 1926 Ford roadster from her South Third Street home about 10:30 p. m. Wednesday. W J Hudson of Shreveport has spent several days at Hotel Virginia. Margaret Armstrong, former Ouachita parish health unit worker, leaves tonight for Vernon Texas to take a laboratory technician job after graduating from Gradwohl's School in St Louis.
Police Court records show A. V. Pendarvis fined 7 50 or 712 days and Clifford Nichols fined 15 or 15 days for traffic violations. In Glen Cove New York on June 30 Howard F. Whiteney former president of the United States Golf Association in 1921 died at his home.
After the birth of a new elk at the Monroe city zoo many names were proposed by residents including Red Mundy Australia Gump and Ookie. Commissioner Will Atkinson noted no Gump names remained unused. The infant elk awaits a final title as letters pour in.
In Shreveport on June 30 the favorites dominated the morning tennis matches of the Louisiana state tournament. Arthur Waters of New Orleans swept three opponents to reach the quarterfinals, with H B Barrett of Shreveport awaiting in the lower bracket. Bill Barrett of Shreveport defeated Julian Sleeper to become the first lower-bracket semifinalist, after besting Texarkana 3 1, 6 8, 6 2.Henry Burns and Mills Newton meet in the upper bracket quarterfinals, while Geo O Connell of Shreveport faces Robert Craig of New Orleans as the 1925 champion. Waters opened with 6 0 6 0 over Claiborne Bryson and 6 3 6 2 over Joe Turner before beating Lasker Ehman 6 1 6 2. Newton beat Melvin Johnson 6 0 6 0 and 6 1 6 1 over Turner to reach quarterfinals.
Two assistants from the attorney-general's department will aid in prosecuting Harrison county flogging cases in Marshall after a request from District Attorney John Taylor. Indictments involve two men accused of whipping Mr and Mrs J H Richardson and Mrs W A Straps.
Paris reports Mrs William H Vanderbilt was granted a divorce by default. Her son William H Vanderbilt, once with Alfred Gwynne Vanderbilt, sailed from New York with her aboard the Majestic weeks ago. The three year old child has lived with the father under guardianship.
Local food purveyor Saunders' Quality Market and Delicatessen offers a range of hot foods. Patrons can enjoy ready meals and specialty deli items in a neighborhood market setting.
Mrs Bror G Tyehibore of Chicago traveled to London for a chat with a person in New York after failing to connect from Paris. She arranged a London hotel to connect at a set time. They completed the call and returned to Chicago.
Immigrant Laurinda C. Andrade who came from the Azores as a child ten years ago saved while working six years in cotton mills to fund an education. She completed high school with honors in six months less than usual and earned a $150 scholarship to attend college.
The Morgan line restored daily service between Monroe and Rayville using Winnsboro road starting at Start to Rayville. From Rayville a ferry route to Mangham operates, with two daily trips from Monroe at 11 a.m. and 5 p.m.
New Orleans Charles Hicks 60 was killed when an Illinois Central train struck him as he walked on the tracks. Police say he was nearsighted and did not see the train in time to escape.
Ray Marsden, arrested in Upper Sandusky Ohio, confessed to Cincinnati detectives to 15000 robberies in 7000 churches across the United States and Canada over 27 years. He linked accomplices the Vogt brothers and McArthur and provided a list of Cincinnati church heists.
Rich ard Grace, the Hollywood aviator, intends to depart from Kahului Island today for a sustained flight to Clover Field Santa Monica. The start is set for 9 a m Honolulu time, 11 30 a m San Francisco time.
Geneva June 80 The naval experts at the tri partite conference reached a provisional agreement on destroyer characteristics and the 1 500 ton maximum, drawing a line between destroyers and destroyer leaders. Ratios among the United States Great Britain and Japan were nearly settled but not released. Submarines will be discussed tomorrow.
Washington reports the treasury surplus for the fiscal year ending tonight will be about 635.96 million dollars, topping Secretary Mellon’s estimate by 10 million. Acting Secretary Mills cautioned that non recurring items inflate the figure, including back taxes, railroad payments, a 10 million dollar French war debt payment, and 20 million that would have been spent if the second deficiency bill had passed. The surplus is seen as best used to reduce the public debt rather than cut taxes.
Rotary club members at Hotel Virginia heard D F Walker, Monroe motor club secretary, report on local highway conditions. Winnsboro road open to light traffic along with Columbia road. One bus line runs to Rayville via Winnsboro and Start. Leon Hammonds, visiting Europe for Rotary at Ostend, sent a letter read to diners. Crusaders provided music with three selections.
Commander Richard Byrd aims to fly the America back to the United States from Paris. T. Harald Kinkade reports Byrd plans a return flight as the monoplane nears England and Paris with foggy conditions and continuous radio updates from ships and Valencia station.
In Monroe Louisiana the Five Point Auto Body and Metal Works on North Sixth Street at DeSiard repairs radiators bodies and fenders. J H Jake Fuchs and J D Johnnie Richardson are noted as two workers in the line. The shop is advertised as the best known in the state for radiator and body repairs and is highlighted in the June SERVICE STATION edition.
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