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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Sep 02, 1925
Page
9
Cotton futures closed steady with a net advance of 35 to 27 points from New Orleans. Prices opened steady with January at 21.78 and March at 21.99, while October futures opened around 11.45 and December near 1. A New York authority cited a 57.5 condition average and an indicated yield of 13,300,000 bales.
Cotton futures opened firm with October at 21.15 and December at 22.42 as buyers absorbed southern offers and shorts cover ahead of Labor Day and the government crop report due next Tuesday. Prices moved from early gains of 8 to 15 points to 15 by not higher with light demand and moderate trade.
Chicago market notes September 2 show live poultry prices mixed with unsettled trading. Fowls fetch 20 to 25 1 2 cents, brooders 30, springs 24 1 2, roosters 17 1 2, turkeys 20, ducks 17 to 22, geese 15 to 17 cents. receipts total eight cars.
Cottons demand tepid with steady futures as prices show small gains across grades. American mixed quality sends 4 000 bales with 2 200 American, receipts totaling 7 000 bales incl 2 700 American. Futures closed steady with October at 11.80 and July near 11.87.
Open high and low varied across contracts with September wheat futures trading around 158 to 161 and nearby months showing declines. Market activity reflected shifting demand expectations and weather influenced harvest progress.
Price upturns spread through the corn market as demand strengthens with widespread feeding of new corn due to old stock scarcity. Hay shortages and an anticipated heat wave bolster corn’s appeal while wheat weakens, oats steady, and provisions rise with corn and tariff-related trade shifts.
Hog receipts and prices range widely with weights from 130 to 180 pounds. top at 1335 and 1250 to 1800 for different classes. Sows and lighter pigs show varied bids. noted totals include 9,000 and 1,600 paid tax.
The Lions at their weekly Hotel Monroe luncheon vote to join Rotary and Kiwanis for a September 15 banquet honoring E A Frost and associates of Shreveport owners of Hotel Virginia and J E Daley lessee with E S Morey to operate. Plans call for an elaborate dinner with details to follow. Five highway entrance signs to Ouachita parish are partially erected. two more will be placed soon, funded by the Lions club.
Urania report notes Zeizin No. 8 drilling tests this morning while Cleve Love extends Doughty No. 1 work and Tremont No. 1 setup continues after a July 4 gusher. Cementing progress follows sand and salt water intrusion as crews pursue a commercial producer. Urania Petroleum No. 7 shows rising output with tubing raised and pumping at higher levels. daily oil between five and six hundred barrels, five percent oil content.
A party led by W. F. Hyde E. Q. Hyde and C. L. Barrett sails from Monroe by auto to Baton Rouge to establish rigs on a large lease between Baton Rouge and Lafayette about 32 miles from Lafay ette. The tract on the Southern Pacific line is seen as a promising oil area with test locations in Sections 64 and 69 Township 8 Range 8 and 9.
A mandamus suit was filed in circuit court by W. H. Merrimee and seven trustees of St. Joseph Common School District No.4 in Davies County to compel the county board of education to hire three Catholic nuns as teachers. The district notes forty families and 114 school age children all members of the Roman Catholic church with no objections to nun teachers. Hearing set after ten days notice.
Two alarms kept West Monroe firefighters busy. A 2 80 p m blaze on the North River Bank lit trash into a bonfire. A 12 80 p m call at the Parnell cotton mill involved old lint catching fire and lighting the sky briefly before being extinguished.
Receipts show steers maturing with loads around 1350 to 1585 dollars and yearlings near 1510 dollars. Sheep numbers reach 21 000 with natives rated 1500 to 1525 dollars and city butchers paying about 1550 dollars for select loads. A few cents and dollars noted for miscellaneous ads and small consignments.
Report details burial plans for Mamie Platt Ramsey and Robert Witt amid a West Monroe shooting mystery. Ramsey’s clerk testimony places him on duty during the fatal hour and connects him to parcel post funds. Witt family members recount bonds with Ramsey and Witt, while Paul Witt theorizes an accidental discharge followed by suicide.
Dallas dispatch reports crude oil price increases of 2 to 12 cents a barrel for Kansas and Oklahoma grades from 9 to 44 gravity and higher. The gains reflect market adjustments in the energy sector as supply and demand shift.
Third day of W O W encampment brings rivalry for gold medals in drill and service. Men enjoy cot plunge at natatorium and radio reception from Omaha. Public invited to 8 p m minstrel show tonight as talent noted.
E R Strahan parish farm demonstration agent warns of cotton picking delays in Ouachita parish while noting better crops from Tallulah to the state line. He urges added help to prevent losses from imminent rain and cites Lake Providence and strong Louisiana yields versus Arkansas.
A morning conference at Bayou Desiard city hall discussed transforming the waterway into a fishery. Mayor Arnold Bernstein and Mayor Payne led the gathering with local officials and engineers agreeing to begin the survey this week under State Highway Department direction led by J. F. Villavaso.
Mississippi sues Ford Motor Co for 12 million dollars claiming anti trust violations. A federal hearing on the interlocutory injunction was granted with three judges to decide timing and location, tentatively set for September 9 in New Orleans.
In August the city police court tried 213 cases, yielding 142 convictions and $3647.50 in fines. Arrests totaled 204 with 222 charges listed, including vice, gambling, drunkenness, and trespassing. Obituaries note Elbert Murphy, J. H. Hoyt, and E. T. Trout with funeral details and survivors.
Louisiana documents announce Frost Lumber Co Inc formed in Monroe with 150 shares at 100 dollars each and 15 000 capital authorized later to 25 000. Board of three stockholders E O Smith A S Frost W B Vice named president, secretary, and manager.
At the 26th annual encampment in Tulsa Oklahoma recommendations dominated the program. Adjutant General H G Lawson urged moving the national headquarters to Washington D C citing proximity to veterans pension and related offices. A push to amend federal prohibition law drew attention with Kentucky delegates backing the measure. El Paso Texas delegates seek the 1926 encampment with New York Saratoga Springs and Philadelphia also in contention. Candidacies for national commander include Frank Strayer Indiana Fred Stover Pennsylvania and Dr Clarence C Candler Detroit.
The Monroe Louisiana City Council invites sealed bids by 11 A M on September 17 1926 for demolishing and removing a frame building at 318 North Sixth Street Monroe used as a veterinary hospital. Bids must include a certified check equal to 5 percent of bid to guarantee good faith.
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