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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 30, 1928
Page
3
New Orleans June cotton futures closed steady with a net gain of 17 to 18 points after an early rise and late rally. Prices held near the top despite intraday pullbacks with July and December quotes noted among the late figures.
The New York cotton market rose after early volatility as weather prospects and rising boll weevil reports in the south influenced trading. October contracts gained to Clark 2276 and closed 2274 in a generally firm session with an 18 point net advance.
Liverpool reports a quiet cotton market with prices easing for American grades. Sales reach 8,000 bales, including 2,000 American, receipts 17,006 with 10,890 American. futures close firm at July 1194, October 1172, January 1166, March 1162, May 1158.
New Orleans reports the cotton market finishing with a fair sized gain after absorbing weekend realizations. Traders balanced rainfall concerns and ongoing heat with forecasts of mostly showery weather, except Texas and Louisiana. Fresh buying arose from low estimates and unfavorable crop reviews, and the market showed strong absorbing power despite limited rainfall in key regions.
Liberty bonds closed with mixed results across series. Liberty 3 1 23 at 100.2, Liberty 1st 4 1-ds at 101.22, Liberty 3rd 4 1-48 at 100.10, Liberty 3rd i 1-4s at 100.10, Liberty 4th 4 1-4s at 102.1, Treasury 4 1-45 at 114, Treasury 48 at 109.4.
Poultry alive and fowl firm in Chicago on June 30 with balance steady. Fowls 24 springs 34 broilers 29 spring ducks 24 spring geese 22.
Butter prices remain unchanged as receipts total 17 949 tubs while eggs fall with 15 086 cases recorded. Firsts bring $8 and ordinary firsts $26 to $27, reflecting market conditions in Chicago.
Funeral services for Lloyd Roberts former Monroe post office clerk were held at the First Baptist church at 10 am with Rev C B Hall officiating. Interment followed at Riverview Burial Park with pallbearers from the Monroe post office clerical staff. Henrietta Mayes aged six months daughter of Mr and Mrs H L Mayes of 1407 Trenton street West Monroe died yesterday with funeral and interment at Hasley Cemetery at 1 pm.
New York reports a brisk stock session with industrials up amid selective weakness in rails. General Motors leading gains alongside Chrysler and Mack Trucks while Radio and Hupp see mixed moves and gold and call money signals reflect midyear financing pressures.
Early gains in Chicago wheat followed by overall strength after Liverpool quotations while corn fell on improved receipts and weather signals. Oats eased and provisions showed weakness as futures closed mixed with wheat up to 2 1/2 cents while corn slipped and oats held steady.
In a Pere Marquette related dispute renewed talks center on a rail merger affecting Rahway Co and other regional lines. Market observers warn price shifts could impact freight and passenger services amid ongoing negotiation kosten concerns.
Detroit reports the Interstate Commerce Commission rejected a VanSweringen plan to merge Pere Marquette with several lines, approving a G and O acquisition only if Erie is not included. The commission caps Pere Marquette common at $110 a share and disapproved a 1927 20 percent stock dividend. Pere Marquette earned $14.47 a share in 1926 and $13.31 in 1927, with a year to close the deal.
Hogs market gains 10 to 20 cents with top 11.00 for 190 to 220 pounds. Cattle show mixed moves with fed steers and yearlings up 25 to 75 cents and 31.59 to 2.00 for yealers. Sheep and lambs show small declines with fat lambs down 25 to 65 cents. Notary Irene Simms Shields at News-Star Office.
New York reports dull trading as cottonseed oil closes steady with primes and crudes listed for June 30. Prices show prime summer around 10.20 for yellow and 9.25 for crude, with January and subsequent months cited and modest activity noted in New Orleans with similar steady pricing and prime crude around 8.87 to 9.25.
General Alvaro Obregon stands as the sole presidential candidate in Mexico as nationwide elections proceed. Military orders, armed squads near voting sites, saloons closed, and courts kept open underscore extraordinary security measures. Two former rivals, Francisco Serrano and Arnulfo Gomez, are dead, executed for rebellion.
In Alabama the convict leasing system ends at midnight after more than twenty years. Some 800 plus convicts from Flat Top and Aldrich coal mines will be moved to road camps and a 1304 acre Local farm in Escambia county, with 400 plus housed there. White prisoners already shifted to road work. 52 meritorious work parole rewards to Hamp Draper.
Rev D W McElroy pastor of the First Christian church arrived in Monroe from Fort Worth where he attends summer school at Texas Christian University. He will officiate the wedding of Miss Madelle Haley and H E Watson this evening and preach at the morning service tomorrow before returning to Fort Worth to resume his studies Monday.
Captain Emilio Carranza Mexican goodwill flyer with Abelardo N. Martinez aboard left Curtiss Field New York at 12 07 p m eastern time for Detroit in Charles Lindberghs Ryan monoplane Carranza was escorted by Lindbergh who flew a Curtiss falcon plane solo in his escort role
The Ruston Lincoln sanitarium opening was canceled at the last moment due to two patients including one after appendectomy and another victim of a Friday automobile accident. Hundreds were turned away while a few physicians and guests were admitted. The hospital cost 60000 dollars, holds forty patients, and features advanced X ray, sterilizing, and operating room facilities with community support from local organizations and the city.
A Friday incident in Monroe saw a large cottonwood limb crush the bugsy of street commissioner R. E. Heap injuring his horse while he narrowly escaped. A later gust toppled masonry near 211 Grammont street stirring quake and lightning fears as a chimney bricks showered from the Grammont house roof.
Federal Judge Samuel H. Sibley resumed hearings on the case brought by Luke Lea and Rogers Caldwell of Nashville to force the sale of a majority stock in the Atlanta Constitution for about 54 000 dollars.
Dr. Williamson of the American College of Surgeons arrives in Monrose to inspect local sanitariums. A banquet at St. Francis sanitarium will honor him at 6 p m tonight, with departure planned for tomorrow morning.
Four lectures on farm forestry will be presented at the Farmers and Homemakers Short Course in Baton Rouge from July 31 to August 8. D B Demerritt LSU extension forester says sessions cover farm woods management marketing of forestry products and idle land reforestation for timber. Emphasis will be on growth habits market values of timber and forest products.
The article discusses the appeal of selling timber for special uses such as posts poles ties pulpwood and other end products highlighting market demand and value without detailing specific buyers or figures.
A large timberland owner signals continued expansion as forestry remains central to its strategy. The firm eyes new acquisitions and intensified management to capitalize on rising demand for wood products.
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