04 May 1928
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
May 04, 1928
Page
1
The brief shows cotton price lines with highs and lows, May to December contracts, and notes on receipts and stock. Values include a front page style quote about closed steady with net declines and precise price figures for middling and good middling categories.
York reports liquidation in the cotton market with early gains giving way to declines. Prices retreat from midday highs as active months trade around the 20 cent area with May roughly at 20.95 and futures seeing renewed buying later in the day.
Cotton trading in Worleans today moved unevenly as conflicting reports and weather outlooks unsettled traders. A Texas crop deterioration report and a belated weevil notice spurred buying briefly, while better eastern crop prospects tempered enthusiasm and weakened the upward price trend.
A brief historical reference notes cotton trading terms with descriptors such as middling and strict low middling. The fragment mentions American spot quotes and grade terminology likely from a 20th century market report.
The Commerce Department notes first quarter 1923 prices for commodities and metals rose slightly above 1927 levels but remain well below 1925 and 1928. Building materials, fuel and lighting improved only modestly while farm goods hides and textiles drove gains. Chemicals and misc items fell.
Wheat moved lower after an initial rise as rains in the west and southwest weighed on the market. Prices for No 1 northern spring and other grains showed declines, while corn oats and provisions turned firmer later, with various spot quotations reported for futures and seeds.
Chicago May 4 batter and eggs market summary shows receipts of 19549 tubs for creamery products with various grade breakdowns and 29465 cases for eggs. Firsts and extras numbers appear alongside standard and storage packed figures, with steady egg prices noted.
Emma Hixon a Mangham area resident died Monday night April 30 at Streets Sanitarium Vicksburg Miss after a week of illness. She was 60 and active for her age a Baptist church member. Funeral services were held from the Baptist church with Rev A C Holt and burial in the Hixon grounds. Pallbearers named F D Childress J W DeMoss Wats Rainbolt and others.
Call money notes the New York market with all loans at 5 percent closing bid. Time loans show firm rates with 60 to 90 day maturities at 4 and 7 eight to 5 percent and 4 to 6 months at 4 seven eighth to 5 percent. Prime mercantile paper quoted at 4 and 1 half percent while bankers acceptances remain unchanged.
Chicago May 4 Poultry market shows alive steady with receipts of 2 carloads. Fowls range 22 to 25 cents, broilers 32 to 40, turkeys 20 to 28, roosters 16, ducks 18 to 20, spring ducks 28, geese 15 with various head counts and offerings noted.
Construction of the Biéchick and Lasky pipe line will start by June 1, running from the Richland gas field through central Louisiana to the Gulf coast. The 20 and 16 inch line will serve 52 communities and connect with the Southern Gas Utilities Corp. system, with Shreveport as the headquarters and George Belchie and Charles G. Laskey leading management.
USDA cattle hogs and sheep market summary for Chicago on May 4 shows hogs 16 000 head with slow to steady demand and lower grade pigs down to 25 cents, top 10.10 for 190-200 lb. cattle receipts about 1 000 with mixed week end tone and steady to weaker trade across classes. slaughter steers 12.75 to 14.50, heifers and bulls weaker. sheep and lambs under pressure with fat lambs steady to higher certain weights and feed lambs steady, lambs 13.40 to 16.75 for good and choice ranges.
Liverpool May 4 weekly cotton statistics show total forwarded to mills 57,000 bales with American stock at 591,000 and total stock 802,000. Imports total 82,000 with American imports 49,000. Exports 1,000 with no American exports.
Liberty bonds closed in New York on May 4 with Liberty 3 4s at 101.18 Liberty first 44s at 102.10 Liberty third 4s at 106.8 Liberty fourth 4s at 102.30 and Treasury 434s at 115.7.
Dan Sanderford, a taxicab driver, faced district court this morning on liquor possession charges. Judge J T Shell reserved ruling after the defense showed the liquor belonged to Sanderford’s younger brother, who testified and admitted guilt. the brother has been at the Training Institute. The raid that led to the arrest occurred March 27 at the Wil son Williams place on the Winnsboro road, where two glass jars of whiskey and empties were found in a trunk with some of Sanderford’s clothing. District Attorney David I. Garrett noted the brother’s admission did not affect the case outcome.
The Italian dirigible landed safely at 9 10 morning in Vadsø Norway after 1150 mile flight from Stolp Germany. General Umberto Nobile to refuel before heading to Kings Bay Spitzbergen for another Arctic expedition. Ten Swedish planes escorted the craft as it passed Stockholm.
Parents urged to give eight pound babies twenty four ounces of fluid daily during the first six months and follow with two ounces per pound later. Weigh before and after feeding to gauge intake and add water as needed. Fletcher’s Castoria advertised as a trusted remedy for colic diarrhea and sleep issues with a 35 dose fortieth cent bottle and a hooded hood book on motherhood.
At the quadrennial general conference the Methodist Episcopal church adopts a resolution calling on national party platforms to include a plank enforcing the eighteenth amendment and national prohibition law. Ernest S. Cherrington proposes appointing bishops to present the resolution to each party’s platform committee. The body disputes evasive replies from major parties and notes potential political shifts affecting the Solid South.
The readable lines mention provisions of the constitution and laws of the nation. No clear event or names are identifiable from the fragment.
A brakeman named Hoge, 34, died at St Francis Sanitarium after his legs were crushed and lacerated. He was treated on the operating table but succumbed to loss of blood and shock. Hoge, a resident of Collinston, suffered injuries whose full details were not known.
In Kenosha Wisconsin May 4 a group of hungry husbands appealed to Judge E B Beldon to send back their wives to cooking duties during a murder trial over Frank Dichiara accused of killing Luiki de Count for alleged advances toward the wife. The twelve jurors debated 68 hours before the judge dismissed the panel.
A fragmented OCR snippet mentions a home near Hawaiian features and reference to an exiled Mexica nationalist, but the readable text provides no clear event or context.
Senator T J Walsh resigns his candidacy citing futility in advancing claims or party leadership. He asks delegates and supporters to cease further nomination efforts by election or any other means. McAdoo had previously backed Walsh in California primary and led Walsh delegate slate.
An item notes a financial dispute involving Of Mine Dollars and the auditing department. The report suggests tension over accounting practices and possible scrutiny by the Auditing Department, with emphasis on transparency and oversight.
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