Brownsville herald. [volume], March 08, 1929, Airport Edition, Page ELEVEN, Image 11

About Brownsville herald. [volume] (Brownsville, Tex.) 1910-current

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LATE MARKET REPORT
_TRUCK MOVEMENT—STOCKS—CO TTONT—GRAIN—LIVESTOCK—POULTRY—EGGS
STOCK MARKET
REACTIONARY
l_ --
Overnight Selling Causes
Downward Trend In
Early Trade
NEW YORK, March 8.—(flV-A
heavy accumulation of overnight
selling orders imparted a reaction
ary tone to opening prices in to
day’s stock market. Radio (old
stock) broke 8 1-2 points on the
'irst sale; Goodyear Rubber 3, and
f*-,w York Central and American
' Works 2 each. Initial de
'^BEnes of a point or more were re
corded by at least a dozen issues,
including American Can, Kolster
Radio. Westinghouse Electric and
American Machine and Foundry.
Radio (old stock) suddenly
spurted to a new high for the year
at 416. The rest of the list con
tinued under pressure with the
copper, steel, automotive, and rail
road shares being among the first
to yield.
Adams Express broke 20 points.
General Electric fell back 4 1-2
points and American Sc Foreign
Power, National Cash Register,
Kroger Stores, Johns Manville,
Montgomery-Ward, U. S. Rubber,
Kennecott Copper and Interna
tional Combustion fell back 2 to 3
1-2 points. St. Paul preferred,
Chespeake Sc Ohio, Baltimore Sc
Ohio. Erie, U. S. Steel common.
Bethlehem Steer. International
Nickel. Packard, Cerro de Pasco
and Andes Copper all slipned back
a point or more in the first out
break of selling.
Foreign exchanges opened steady,
with cables quoted around $4.85
1-8.
TWO MIDLAND PAPERS
SOLD CONSOLIDATED
MIDLAND, Texas. March 8.—(JP)
—The purchase and consolidation
of the Midland Daily Telegram and
the Midland Reporter by the Ha .k
Howe interests of Amarillo was an
nounced here today.
The new paper, the Reporter
Telegram. will be published from
the plant of the Telegram by the
Midland Publishing company for
which a charter has been asked.
T. Paul Barron, publisher of the
Reporter for the past four years,
will be president of the company
and editor o fthe paper. Melvern
Taggart, formerly of Amarillo, will
be secretary-treasurer. C. C. Wat
son. former owner of the Telegram,
has sold his interest to the Tele
gram.
POWE RPLANT BERN'S
SANDERSON, '"ex.. March 8 —
f/Pi—The Sanderson plant of tire
Texas-Lov’siana Power company
«tosdestroyed by fire today with a
of many thousands of dollars.'
Department of Agriculture, United
States Bureau of Agricultural Eco
nomics and the San Antonio, Texas,
hCcniber of Commerce cooperating.
F. O. B. shipping point informa
tion reported Thursday, March 7:
Lower Rio Grande Valley points:
Warm, clear.
Cabbage: Haulings heavy. Good
wire inquiry, demand active, mar
ket stronger. Carloads and in mixed
cars FOB usual terms, bulk per ton
round type $20@25, mostly $20@>
22.50; crates $l.50@1.75. Carloads
and in mixed cars FOB cash track
bulk per ton round type $18@20;
crates $1,356*1.40. Wagonloads cash
to growers bulk oer ton round type
$15. few $17 to $20.
Carrots: Haulings moderate.
Moderate wire inquiry, demand
moderate, market about steady.
Carloads and in mixed cars FOB
usual terms, bushel baskets 90c@
$1.00; few higher; crates $l.30@1.50;
100 lb. sacks topped around $1.50.
Carloads and in mixed cars FOB
cash track, bushel baskets 80® 90c;
crates $1.25® 1.35.
Beets: Haulings moderate. Mod
erate wire inquiry, demand slow,
market about steady Carloads and
j in mixed cars FOB usual terms—
bushel baskets 80@90c; crates
mostly around $1.25@1.35. Carloads
and in mixed cars FOB cash track
—bushel baskets 70® 80c; crates $1
@1.25.
Corpus Christi-Robstown section:
Cool, clear.
Cabbage: Haulings light. Good
wire inquiry, demand good, market
stronger. Carloads FOB usual
terms and in mixed cars round and
flat type bulk per ton very few
sales $22 @25. Prolonged dry spell
seriously affecting yield.
Primary destinations of Lower
Valley movement reported Thurs
day, March 7:
Cabbage: 9 each, Shreveport, St.
; Louis; 7 Chicago, 2 Vancouver, 1
each Hazelton, Decatur, Pittsburgh,
Nashville, Bay City, Ft. Worth,
Houston, Cleveland. Toronto, Du
luth, Hannibal, Dennison, Dallas,
Winnipeg. Mixed Vegetables: New
York 7: 1 each Montreal, St. Lou
is, Chicago. Slireveport, Cisco, Cha
nute, Monroe. Dallas. Grapefruit:
1 each Omaha. Houston. Beets: 2
New York, 1 St. Louis. Carrots: 1
Brooklyn. Parsley: 1 Brooklyn.
Broccoli: 1 Newr York. Beets and
Carrots: 1 St. Louis. Mixed Citrus:
Houston 2.
Carlot shipments of entire Unit
ed States repotred Thursday, March
7:
Cabbage: Texas 129. Florida 70,
New York 3; total U. S. 210 cars.
Carrots: Texas 22, California 20;
' total U. S. 46 cars,
i Mixed Citrus: Texas 2, others 70;
total U. S. 72 cars.
Grapefruit: Texas 12, Florida 95;
total U. S. 112 cars.
Mixed Vegetables: Texas 81, Cal
ifornia 16. Florida 22, Louisiana 13;
total U. S. 142 cars.
String Beans: Florida 30; total
J
U. S. 30 cars.
Spinach: Texas 83; others 2; to
tal U. S. 85 cars.
Additional FOB information re
ported Thursday. March 7:
Cabbage: Rochester, N. Y., and
nearby points: Min. 35 deg. Max.
41 deg. Demand light, too few
sales reported to quote.
Carrots: Rochester, N. Y., and
nearby points: Practically no de
mand, no sales reported.
String Beans: Canal Point. Fla.:
Cool, clear. Haulings moderate.
Good wire inquiry for bountifuls,
moderate for others, market slightly
stronger. Carloads FOB cash track
-7-8 bushel hampers stringless and
red valentines mostly $2.00, few
best $2.25; bountifuls $1.50 @1.75,
few higher, ordinary $1.25® 1.50.
Spinach: Laredo, Texas: Warm,
clear. Haulings moderate. Mode
rate wire inquiry, demand mode
rate, market steady. Carloads FOB
cash track—mostly 35c per bushel
baskets Savoy; usual terms—40c.
few best 45c.
Spinach: Crystal City, Texas:
Warm, clear. Haulings moderate.
Light wire inquiry, demand light,
market steady. Carloads FOB cash
track—bushel baskets Savoy very
few sales 35c; usual terms—few
sales 40c. Many shipped to con
nections on basis 30c guarantee FOB
shipping point.
Lower Rio Grande Valley move
ment reported Friday morning,
March 8:
Mixed vegetables 53, beets 13,
carrots 28, beets and carrots 24,
cabbage 119, lettuce 1, parsley 2,
anise 1, broccoli 1, mixed citrus 3,
grapefruit 10; total 255 cars. Freight
movement to date this season:
Fruit 1465, vegetables 8845, total
10,310 cars; to same day last season
—fruit 1142, vegetables 9157, total
10.299 cars.
Houston passing previous 24
hours:
Cabbage: 2 each Chicago, Kansas
City; 1 each Helena, Cincinnati,
Des Moines, Lincoln, Springfield,
Jacksonville, Philadelphia. Pota
toes: 1 Cincinnati. Carrots: 2
Brooklyn. Mixed Vegetables: 4 New
ork, 2 Pittsburgh, 1 each Hartford,
St. Louis, Montreal. Beets: 1 Brook
lyn, St. Louis 1, New York 2.
Reports by radio from important
markets. This morning's sales to
jobbers—unless otherwise stated.
Cabbage
Philadelphia: Clear, 31 deg. Ar
rived 6 Florida, 4 Texas, on track
36 cars. New supplies moderate,
demand slow, market slightly weak
er. Florida pointed type 1 1-2 bu.
hampers $1.10@1.25, poorer 85c®$l.
Texas round type crates $2.75.
Pittsburgh: Clear, 16 deg. Ar
rived 2 Florida, 9 Texas. Supplies
moderate, demand moderate, mar
ket steady. Texas crates round
type $2.75®3.00, mostly $2.35®3.00;
barrels packed locally $2.75®3.00.
Carlot sales. Florida pointed type
1 1-2 bushel hampers 11.50.
Cincinnati: Clear, 18 deg. Ar
rived 1 Florida, on track 8 cars.
Supplies moderate, demand mode
rate, market steady. Texas round
type bulk per ton mostly 50. Flor
ida pointed type 1 1-2 bu. hampers
$1.60@1.65, poo’er lower.
New York: Clear, 20 deg. Arriv
ed 20 Florida. 1 New York, 2 Texas.
New supplies moderate, demand
moderate, market about steady.
Florida pointed type 1 1-2 bushel
hampers $1.00® 1.25, mostly $1.21 1-2
@1.25, poorer low as 75c; Savoy
mostly $1.50. Texas 90 lb. crates
;__
“Gee Mother! j
Dad iust
*>
h drove up in
— - m
a car!
“Yes, Sonny. He thought we
couldn’t afford it at first, but I per
suaded him to call up some of the
advertisers in the ‘Automobiles
For Sale’ column in The Herald
Classified Section.
I “He must have found just the right
car at the right price!”
That’s just what hundreds of families are doing. They used to won
der how the folks on the other side of the road could afford an auto
mobile, but now they have one too.
If you are looking for a good car at a price to suit your own pocket,
then you’ll want to look over the Automobile Columns in Classified
Section.
*
N.0.FUTURES
OPEN STEADY!
Early Advances of 8 to 11
Points Slump Back To
Initial Figures
NEW ORLEANS. March 8.—(VP)—
The cotton market opened steady
at an advance of 6 to 11 points in
response to favorable Liverpool
cables.
May traded up to 20.53. July 20.56
and October 20.24, or 8 to 11 points
above yesterday's close. At these
levels the market encountered some
realizing which carried prices off
6 to 7 points but towards the end cf
the first hour the market was
steadier and recovered 2 to 3 points
of the loss.
Ft. Worth Hogs To
Lower As Sheep And
Cattle Are% Steady
FORT WORTH. March 8.—(TV—
Hogs: 2,500; 50c lower; better 175
250 lbs. $9.40@9.60.
Cattle and calves: 1.300: steady:
choice fed yearlings $12.50® 13.00;
heavy heifer yearlings $11.60; cows
$7; few steers $10.85 and less; heavy
calves $9.75® 11.00.
Sheep: 1800; steady; fresh shorn
l'at and feeder lambs $12.50; fresh
shorn fat wethers up to $10; wooled
feeder wethers at §9.
KANSAS CITY, March 8.—(T)—
Hogs: 4,500 ; 25®50c lower; top
$11.20 on choice 190-225' lbs.; pack
ing sows $9® 10.
Cattle: 700, calves 100; steady to
strong; slaughter steers, good and
choice 950-1500 lbs. $11.65® 14.25:
common and medium 850 lbs. up $9
@12; fed yearlings, good-choice
750-950 lbs. $12.00® 14.50; cows, good
an dchoice $8.50 @10.25; vealers
(milk-fed) medium to choice $11®
16.
Sheep: 1,000; lambs strong to 10c
higher; lambs, good and choice, 92
lbs. down, $15.50(^17.00; ewes, me
dium to choice, 150 lbs. down, $7.25
@9.25.
$2.50(32.75; lettuce crates Savoy
$2.50. California crates Savoy best
$232.50, poorer low as $1.50.
St. Louis: Partly cloudy, 33 deg.
Arrived 5 Texas, on track 3 cars.
Supplies moderate, demand mode
rate, market slightly stronger. Tex
as round type bulk per ton best
$45350, small $40; lettuce crates
fair quality and condition $1,503
1.75. Carlot sales St. Louis basis.
; Texas round type bulk per ton 2
jCars $43.50: crates 1 car $2.45.
Boston: Clear, 20 deg. Arrived 4
Florida. 1 New York. 2 Texas, on
track 24 cars. Supplies heavy, de
mand modearte, market firm. Flor
ida Wakefield 1 1-2 bushel hampers
$1.4031.50, fair 51.2531.35. Texas
round and flat types crates best $3
<3 3.25. mostly $3.00, fair quality
$2.50r" 2.75; barrels packed locally
mostly $2.75.
Chicago: Partly cloudy, 35 deg.
j Arrived 6 Texas, on track 37 cars.
Supnlics moderate, demand and
trading good, market stronger, pri
ces slightly higher. Florida pointed
type 1 1 -2 bushel hampers mostly
$1.50. Texas crates round type
$2.75(3 3.00, fair, soft, leafy mostly
$2.50, lettuce crates Savoy mostly
$2.25.
Plane Leaves For I
S. A. To Birng Miss !
Fechet, Party Here
City Commissioners Arthur Hipp,
B. E. Hinkley and John Starck left
here at 1 o'clock this afternoon in
a tri-motor planes of the Universal
Air Lines for San Antonio to bring
Miss Mary Fechet and her mother,
wife of Col. James E. Fechet, chief
of the army air corps, back o
Brownsville for the christening or
Capain Ira Eaker's dawn-tp-dusk
plane.
Miss Fechet is to christen the
plane here Saturday as part of the
celebration of the opening of inter
national air mail lines between
Bronsville and Mexico City.
Pilots Rentz and Sinclaire were
at the conrols of the Ford plane.
Those in the San Antonio party
o return here Saturday are: Miss
Mary Fechet and her mother; Mrs.
Frank P. Lahm. wife of Brigadier
General Lahm; Mrs. Mars, wife of
Colonel Mars; Mrs. Fitzgerald, wife
of the commander at Brooks
Field; and Mrs. Duncan, wife of
Lieutenant Duncan of Kelly Field.
Ford Plane Heads
For Mexico City
With Six Aboard
The Ford tri-motor plane which
arrived here yesterday from De
troit, departed this morning at
11:45 for Mexico City.
In the party were: E. J. Snyder,;
pilot; Blayne Newcomb, co-pilot;
Mr. and Mrs. J. J. Fibiger of De
trot; A. R. Lajous, Detroit; and
Carlos Barnard. Tampico business
man wlm will be dropped at that
city. Others in the party will con
tinue on to Mexico City.
The plane belonged to the Mexi
can Aviation company. It is power
ed with three Wasp motors.
At the same time, Pilot George
Krigher took off for Tampico in
the Fairchild monoplane in which
he brought the mail from Mexico
City yesterday. He will return
with a load of passengers for the
celebration.
POULTRY
CHICAGO. March 8.—(/P)—Poul
try steady; unchanged. ,
NEW YORK COTTON
NEW YORK, March 8.—UP)—
Cotton ODened firm at an advance
of 7 to 12 points. Active mofiihs
sold about 10 to 12 points net
higher on renewal of recent Liver
pool cables.
The advance into new high
l ground attracted profit-taking.
There seemed to be a little more
southern selling, however, and
prices eased off 5 or 6 points from
the best at the end of the first
half hour.
Mild Temperatures
To Prevail During
Celebrations Here
Near perfect temperatures are to
greet the airport celebration Satur
day and Sunday, according to the
forecast of the U. S. meteorological
station here.
Summer apparel, designated as
official for the celebrtaion, should
fit in well with the predicted high
of 78 degrees on Saturday. Lowest
during the next 24 hours was seen
as 65 degrees. Fresh southerly
winds from the gulf of Mexico will
probably hold the temperatures in
the 70’s throughout the day.
Similar temperatures probably
will prevail Sunday.
The sky was to be cloudy to partly
cloudy.
JURY RETURNS VERDICT
IN $5,000 DAMAGE SUIT
A verdict in favor of the defend
ant was returned Thursday after
noon by the jury in the damage
case filed aeainst R. H. Dix of Har
lingen by Mrs. Katherine Williard
of this city.
The plaintiff sought $5,000 dam
age as a result of a search warrant
being issued upon request of Dix.
CAPTAIN HAWKS WILL
ARRIVE HERE SATURDAY
Captain Frank K. Hawkes, who
recently established a new non
stop coast-to-coast flight record,
will arrive in Brownsville Saturday
morning from Houston in the plane
in which he made his epochal j
transcontinental flight.
He will be accompanied by three
friends, and will remain in the city
until Sunday afternoon.
Prices of Chicago
Grains Lowered By
Unfavorable Report
CHICAGO, March S.—UP)—With
farm reserve official figures today
as to wheat expected to prove bear
ish wheat price advances met with
increased selling early today.
Opening unchanged to l-2c up,
wheat afterward reacted somewhat.
Corn, cats and provisions were
easy, with corn starting at l-4c de
cline to l-4c advance, and subse
quently holding near the initial
range.
BUTTE RAND EGGS
CHICAGO, March 8.—(/P)—But
ter lower; creamery extras 49;
standards 48 1-4; extra firsts 48V
48 1-2: firsts 46 1-21247 1-2; sec
onds 45^46.
Eggs higher; extra firsts 34V35;
firsts 33; ordinary firsts 30V31.
Mrs. W. D. Mitchell
Wife of the new attorney genera
in Hoover cabinet.
LIVERPOOL COTTON
LIVERPOOL. March 8 — m —
Cot ton-spot moderate demand;
I higher; American strict good mid
dling 11.92; good middling 11.52;
strict middling 11.32; middling
11.12; strict low middling 10.87; low
middling 10.62; strict good ordinary
10.22; good ordinary 9.82; sales G.000
bales. 3.800 American. Receipts 10.
000, American 100. Futures closed
steady: March 10.80. May 10.89,
July 10.87. October 10.68, December
10.65, January 10.63.
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WASHINGTON WATCHES
BORDER CAREFULLY
WASHINGTON, March 8.—(/PH
Approach of the Mexican revolution
to the American border with the
battle at Juarez served today to in
crease official concern here.
President Hoover and the heads of
interested departments are main
taining the best possible contact
with the situation below the bound
ary line. They are hopeful the
battle at the Mexican city across
from El Paso will not endanger
American life or property and that
no international complications will
develop.
Thus far no effort has been made
to disturb the routing procedure
that vests authority with the com
mander of the eighth corps area at
San Antonio. Texas, to take the
necessary steps to protect the Amer
ican side of the boundary in the
battle zone. Major General Las
siter. commander of that area, has
not received any special instruc
tions, it is said.
PERSONALS
Mr. and Mrs. C. S. Dawley, of Dal
las, are back at the El Jardin. and
expect to remain for the airport
celebration.
O. C. Smith of St. Louis is here
for a few day*.
Mr. and Mrs. J. M. Doolittle of 3t.
Louis, are registered at the El
Jardin, as are also Mr. and Mrs.
E. J. Spear. Houston.
N. A. Eppes arived Friday morn
ing from Houston.
S. Roensch. who came in Friday,
is stopping at the El Jardin.
R. N. Perez, a Roma resident, is in
town for a day or two.
Among the arrivals at the Travel
ers are Mr. and Mrs. H. F. Robin
son, Fort Worth; J. D. Blunden,
Houston; Mr. and Mrs. Frank Han
evca. New York: F. V. Brecht, Jr.,
St. Louis: Ben Katz, Denver; J. D.
Franks, San Antonio: H. C. Hast
ings, and H. E. Wyatt, Houston;
Fred J. Walters. Buffalo, N. Y.;
H. O. Pfeiffer. Corpus Christi; Elton
Ray. Lyford; G. M. Conner, Austin;
E. J. Marquette, San Antonio; J.
Duncan and C. W. Taylor. McAllen;
G. W. Reeves. Houston; M. H. La
Rue, Robstown: H. H. Pugh, Dal
las: H. A. Daly, Houston; G. T.
Leake, Houston: F. W. Knecht, Ban
Antonio: B. N. Wyant, San Antonio;
W. T. Callaghan. Chicago; O. H.
Gordon. Houston: Mr. and Mrs.
Jack Hawkins. Mercedes; F. W.
Harrison, San Antonio: A. A. Prince,
McAllen: O. H. Howell, San An
tonio: and Jno. R. Runnels, Center.
EXCHANGE SEAT SOLD
NEW YORK, March 8.—(A*)—The
New York cotton exchange mem
bership of John W. Sanders, Hous
ton. Tex., has been sold for $41,000,
an advance of $500 over the previous
high price, to John H. McFadden,
Jr., New York, for another.
. - -... — — ■ ■■ 4
I
Ii Every day young men and women come
\ to the Valley to work—lured bv the
I great opportunities. They are going
to make their home here. Of course,
• their first problem, common to all, is a
| room—a pleasant room—a room that can
be called home.
Today, these newcomers will sit down
with a Herald, a pencil, and a phone.
, They will read the Rent Room ads and
j select the one, or several, that fit their
needs, viz: the right location at the price ■
they can afford to pay. No waste of
time; no physical exertion or worry.
No “For Rent” sign could reach these
people—no sign ever reached 30,000 peo
ple a night. You’ll want to have $our ad
where they look, and a phone call to
phone No. 8 will put it there. Rent today.
Consider the money lost in an idle room.
Figure it out for yourself in the chart be
low!
I I low Much Money Do You Lose on an Empty Room? B
| Rent j Rent I Rent | Rent | Rent | Rent | Rent [ Rent B
•_|$10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 $45.00 j|
One Day I .33 ~50 .66 783 LOO 1.16 1.33 L50 H
One Week | 2.31 3.50 4.62 5.81 7.00 8.12 9.31 10.50 B
Money is lost every day your room stands idle. Let The Herald find you I
a desirable tenant. Phone year rental ad NOW. I
mm j|BV
1 Phone No. 8 Want Ad Headquarters I
EB* * Bn
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