Brownsville herald. [volume], March 10, 1929, Image 10

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

Image provided by: University of North Texas; Denton, TX

                
HERO ACE TO
! /Continued from Page One.>
niter the other plane had landed.
At 1:34 the wheels of his lane
touched the ground and at 1:35
more than a thousand people had
flocked onto the field and crowd
f od around the plane.
! Break Onto Field
1 Frantic efforts of police and
special guards were of no avail,
j and it was many minutes before a
f small space had been cleared
. around the plane. Officials an
nounced thM Lindbergh w-ould not
get out of the plane until the field
was cleared. Newspaper men and
camera men were jammed against
the plane bv the throng, and it
was impossible to get in touch with
Lindbergh at the time.
Slowdy the crowd was pushed
ba^k and Colonel Lindbergh step
ped out of the airplane, and en
k tered a car which had been driven
■ onto the field to receive him. In
■; the car wcr~ Mayor A. B. Cole.
TJ representir' city of Browns
ville: Col. -7ohnston. com
, mander at, Brown, and some
rf members of L;. bergh’s party from
Mexico.
f . The car followed the Browns
ville drum and bugle corps, which
circled part of the field, and then
marched in front of the lines of
I
Orange Blossom Rings for
fiancee, bride and groom.
> Exquisitely wrought, they
are beautiful and most sig
nificant— all match per
fectly and are the choice of
America's elite. We will be
pleased to show you our
complete assortment of
these rings.
it
►
■
■
I
►
( $Ve spare no time or expense
to satisfy our customers
people who had remained behind
the ropes. The flying * colonel was
then taken to the home of Colonel
Johnston at Fort Brown, where he
remained until the banquet Sat
urday night.
Likes Air Field
At 4:30 Saturday afternoon Colo
j nel Lindbergh received newspaper
men, about a dozen interviewing
him at the quarters of Colonel John
ston at Fort Browrn. The colonel
, praised the Brownsville airport, ap
: pearing surprised at the equipment
of the field here. Ke cautioned
against persons flocking to a plane
while the propeller is still run
ning.
The famous flyer was perfectly
at ease being interviewed, greeting
the newspaper men with a cordial
handshake, and then chatting of
his trip, and answering, or parry
ing questions.
He said the weather was fine
for the trip, and everything went
off as scheduled.
Colonel Lindbergh was asked
about the memorable trip rom
Washington to Mexico City, when
several hundred persons watched
for him at Point Isabel, but never
saw his plane. He said he must
have flowm close to Point Isabel,
but probably the plane was invisible
on account of clouds.
The reporters asked Colonel
Lindbergh few personal questions,
the only one being about the date
of his marriage, which brought no
answer.
A large part of the crowd which
went to the airport left after Colo
nel Lindbergh was taken from the
field, but thousands remained for
I the christening of Captain Ira Ea
ker's plane, the Pan-American, by
Miss Mary Fachet of San Antonio.
In the ship with Lindbergh on
his flight over revolution-torn Mex
ico were high officials of that gov
ernment. including Jesus P. Bravo,
postmaster general; Enrique Cas
tillos, chief of the department of
mail transport; Jose V. Chauvez,
chief of stamping in the mail de
partment. and Guillermo Villasan
na, an engineer representing the
secretary of communications. R. V.
Kent, Lindbergh’s co-pilot; William
Barcik, mechanic, and Jacob Dale
Vuelta. Mexico City newspaper man
also were in the ship.
A moment after Colonel Lind
bergh’s big shin touched the ground
here the mail sacks were trans
ferred to a plane of the Texas Air
Transport company, wTiich sped
away to San Antonio. A few hours
later the Mexico City mail wTas on
its way to Chicago on the regular
line from San Antonio.
Passengers who will accompany
Colonel Lindbergh on his return
flight to Mexico City Sunday
morning include J. T. Trippe of
New York, president of Pan-Amer
ican Airways, Inc.; Mrs. Trippe, J.
M. Eaton of New York, traffic
manager for the Pan-American;
George H. Rihl, president of the
Mexican Aviation company; Mrs.
Rihl, Juan V. Villasana, chief ol
Mexican civil aviation department;
Jesus B. Bravo, chief of Mexican
postal transport; Juan Chavez,
chief of the aeronautical depart
ment, Mexico City; Augustine Rod
riguez, president Mexican banking
commission; Enrique Castillo, chief
of transport, Mexican postal de
partment. and three representa
tives of Mexico City newspapers.
In additon to the passengers the
plane will carry approximately 300
pounds of American mail destined
for Tampico and Mexico City.
WEATHER HALTS
MEXICAN MAIL
AUSTIN, March 9.—tP)—T h e
plane bearing mail which Colonel
Charles A. Lindbergh carried from
Mexico to Brownsville today in in
augurating the new international
air service arrived late here to
night and did not proceed north
ward because of darkness and un
favorable weather.
“The pouches were placed aboard
the Texas Special, due in Ft. Worth
tomorrow at 7:25 a. m. They will
be sent by air from that point to
morrow night.”
SIDELIGHTS
(Continued from Page One.)
air. Perhaps he wears this partic
ular jacket and helmet as symbols
of good luck.
Eaker gave the crowd a thrill or
two when he went up for a demon
stration flight just after the chris
tening of his plane. Spectators
gasped at the way he gained altitude
and his great speed as he swooped
dowm almost to the ground called
forth more exclamations.
“He's a real flyer” and “he knows
what he's about” were heard on all
sides.
The greatest sight of the day. of
course, was the landing of Col.
Charles Lindbergh with the mail
from Mexico City. The crowd, all
20.000 of them, began casting eyes
into the sky at around 1 p. m., and
when the big Ford tri-motor loomed
into view, at 1:30, they started a
rush for vantage points.
Lindy circled and then landed.
Bedlam broke loose as the multitude
tugged and pushed toward the most
famous man in America. For a
while, it appeared that the police
patrol from Fort Brown wrould be
successful in holding them in check.
But the urge was too great. Some
one broke through and then the
stampede was begun. The field was
at once a mas of struggling human
ity, for the moment oblivious to the
danger of the fastly whirling pro
pellors to which they edged ever
nearer. It has always been one of
Lindbergh's fears, that he will in
jure someone through no fault of
his owm.
It was the Lindy known the wrorld
over, who alighted from the plane.
He crawled out and as quickly as
possible entered the official car in
which he was whisked away to the
hangar. As usual, he wras bare
headed during the parade. He said
very little and apepared Saturday as
he always appears in photos and
newsreels, modest, and a bit timid.
Soon afterwards, he went to Fort
Brown, to be the guest of Col. John
ston, fort comander.
Come out again today at 10 a. m.
and perhaps you may glimpse him
again as he takes off on the return
flight to Mexico City.
Probably the speediest and alto
gether best looking plane on the
field Saturday was the one flowm
here by Capt. Frank M. Hawks from
Houston.
It was a bright red craft, bearing
the insignia of the Texas Company,
with round body tapering off to
ward the back like a huge bullet.
He flew here in record time, more
than 300 miles in less than two
hours.
Hawks is often spoken of as the
Beau Brummel of aviation.
He recently created a sensation in
Houston when he arived there wear
ing the well-known raccoon coat.
But he doesn’t like to be made over.
He also is modest to the extent that
he asked someone on his arrival in
Houston what all the crowd was
about, adding that “I’m no celeb
rity.”
The plane Hawks flew here is the
same one in which he established
the new speed record of slightly
more than 18 hours for the non-stop
cros-continent flight.
"This is no crowd, you ought to
try getting on a New York subway.”
Thus commented one of the sol
diers who was helping to handle the
crowd at the airport when Lindy ar
rived.
Apparently there are about four
hundred newspaper men in the Val
ley. At least it appeared so when
the Press Box at the celebration
field was swamped, in spite of ef
forts of officials, which brought
only temporary’ results.
There was considerable question
also as to what clasification news
paper men came under in parking.
Several tilts between the scribes and
the guards took place, when news
paper men insisted on parking near
the main buildings, along with the
guest cars.
OVATION
("Continued from Page One.)
itations of the senate of Texas be
conveyed to Senator A. P. Barrett
to those gathered at Brownsville
for the opening of said interna
tional airport.”
The congratulations of Oklahoma
were extended by Dan Patten, mav
or of Tulsa, who arrived here Fri
day night, and was an interested
spectator at the air field Saturday
“I ate breakfast in Tulsa, took a
Ryan plane to Fort Worth, trans
ferred to a tri-motor in that citv.
and enjoyed my dinner that night
in Matamoros, Mexico. Air trans
port has made Oklahoma and the
Lower Rio Grande Valley close
neighbors.”
In his dedication address Harbert
Davenport called attention to the
fact that gathered at the banquet
w’ere many persons who had break
fast in San Antonio, Houston, Gal
veston. Mexico City or Tampico.
“Development of aviation has made
a community of nations,’ ’he said.
Many Distinguished Guests
Wm. H. West made a brief ad
dress of welcome, to which Ernesto
Urtusastegui of Matamoros re
sponded on behalf of Mexico. Dis
tinguished guests introduced by the
toastmaster, in addition to the fa
mous flier. Lindbergh, Eaker and
Miss Earhart, were:
Major General James E. Fechet,
commander of the U. S. Air Corps:
his wife, and daughter, Miss Mary.
Jose Chavez, chief of aeronautical
department, Mexico City.
Hans J. Adamson, secretary to
Trubee Davison, assistant secretary
cf war.
Paul Frank Baer, representing
ill
aeronautical service of the U. S. de
partment of commerce.
George H. Rihl, president of the
Mexican Aviation company.
Miss Grace McClellan of Austin,
only woman licensed pilot in Texas.
Juan F. Villasano. chief of Mexi
can civic aviation department.
H. Grady Barrett, president of
the Texas Air Transport, Inc.
Theodore Hull, president of the
Corporacion Aeronautica de Trans -
portes, S. A., which is inaugurating
plane service to Mazatlan. Mexico.
Colonel and Mrs. J. A. Mars from
Kelly Field.
Major Milo P. Fox. district army
engineer at Galveston.
Major and Mrs. J. E. Chaney of
Brooks Field.
Col. J. T. Johnson, commanding
officer at Fort Brown.
Hon. L. Lopez de Montcro, Mexi
can consul at Brownsville.
H. H. Leonard, American consul
at Matamoros.
J. H. Blair, deputy governor fed
eral reserve bank. Chicago.
General Gabriel R. Cevera and
Colonel Demetrio Zuniga, repre
senting the Matamoros military
district.
Ernesto Urtusastegui of Matamo
ros and Jesus Garcia Cerda, rep
resenting the confederacion of
chambers of commerce of Mexico
City.
Francisco de P. Morales and Fer
nando Garza Martinez, represent
ing the Matamoros Chamber of
Commerce.
Emiliano Fernandez, represent
ing the Mexican customs.
Heywood Nelms, director of the
Houston airport.
Victor Barnett, managing editor
of the Tulsa Tribune.
Cass A. Mayo, vice president Tul
sa Chamber of Commerce.
Jacoba del Vuelta, representing
El Universal, Mexico City.
Siliman Evans, vice president
Texas Air Transport, Inc., and
manager of public relations.
Captain Lieber, district U. S. en
gineer, Galveston.
W. L. Morrison, traffic manager
for Mexican Aviation Co., Mexico
City.
Ed Keifer. president San Antonio
Chamber of Commerce.
Ray Leeman, manager South
Texas Chamber of Commerce.
Major and Mrs. S. W. Fitzgerald,
Fort Brown.
Lieut, and Mrs. W. B. Bright,
Fort Brown.
Frank W. Knecht, pilot San An
tonio mercy ship.
Lieut. Sheridan, U. S. district en
gineer. Galveston.
J. Meaton, New York, vice presi
dent Pan-American Airways, Inc.
Dr. Alfredo Pumerejo and Dr.
Manuel Garza, representing the
civic organizations of Matamoros.
T. L. Evans, manager foreign
trade and trade extension depart
ment, Houston Chamber of Com
merce.
Raymond Pearson, chairman of
the aeronautics committee, Houston
Chamber of Commerce.
Gen. Alva J. Niles, official rep
resentative of the Tulsa, Okla.,
Chamber of Commerce.
Dan Patten, mayor of Tulsa,
Okla.
Gustavo Morales Espinosa, vice
president of the Mexican Aviation
Co., Mexico City.
Robert J. Smith, with Texas An
Transport, Inc.
J. M. Grajales, vice president
Corporacion Aeronautica de Trans
portes, S. A.
Bob Allison, with International
Sports Co., Brownsville.
Frank Matchett. chairman avia
tion committee, Tulsa Chamber of
Commerce.
Xavier Soromero. representing
Excelsior, Mexico City.
Roberto Costillo, chief of Mexi
can transport postal department.
C. A. Rogers, with Texas Ail
Transport. Inc.
E. G. Rhonstrom, with Texas Air
Transport. Inc.
Porter A. Whaley, manager San
Antonio Chamber of Commerce.
A. B. Cole, mayor of Brownsville.
Z. A. Rosenthal. president
Brownsville Chamber of Commerce.
G. C. Richardson, manager
Brownsville Chamber of Commerce.
Charles A. Burton, chairman air
port celebration committee.
Major Bernard A. Law, head of
aviation school. Brownsville.
Gardner S. Rogers, representing
U. S. Chamber of Commerce.
Frank Hawks, holder of trans
continental flight record.
A CORRECTION
The Herald Saturday said that
Hans Adamson, assistant secretary
of war. is in Brownsville attending
the celebration. Mr. Adamson is
not the assistant secretary of war,
but secretary to Trubee Davison, as
sistant secretary of war. The Herald
is glad to correct this error.
SUICIDE ATTEMPTED
MEXICO CITY, Mar. 0.—(/Pi—
General Jesus M. Forriera. former
chief of military operations in the
state of Chihuahua, attempted sui
cide in his cell in the military pris
on here rather than face a. court
martial on charge of implication in
the revolution. He cut his arms
and throat with a razor.
Are all the members of your ‘
raps family as well as they should
be? Cheeks ruddy"? Eye? •
’'JxN sparkling? Bodies vigorous? •
Do you yourself feel tired
4|{f listless, draggy? If so, y0 ,
mS need the health Vitamin* \
that have given renewed vigr i
jgS and strength to thousands. ^
S Waterbury’s Compcud
3? contains theVitamines A arvD,
that nature demands forthe ’
1 health and growth of chiJ’en ,
f and adults, too.
Tt cause* the body to be more ?hTy
resistant to colds and diseases ends <
toward rebuilding tissue. Enaijs the
whole system to f unctioa better.
Doctors everywhere prescribe Watbury'8
Compound to persons of weak,rune
down condition. Thousands ar«
praising this famous medicine |
. Get a bottle today end
JS. iearn its beneficial ef
fectsforyonrself and
your children.
I
LATE MARKET REPORT
TRUCK MOVEMENT—STOCKS—COTTON—GRAD*—LIVESTOCK — POULTRY—EGGS
COTTON CLOSES
4-5 POINTS UP
N. O. Market Opens Down
50 Ccnt3 a Bale But Re
covers For Gain
NEW ORLEANS, March 9.—(tP)—
An early loss of about £0 cents a
bale on selling induced by disap
pointing Liverpool cables was i«
covercd later in the cotton market
today when operators bought rath
er freely on favorable textile news
and reports from England that a
proposal for shorter tune in the
mills would be rejected. May con
tracts after dropping to 20.56 ral
lied to 20.75 and closed at 20.70, or
4 points higher. The general mar
ket closed firm at a net advance of
4 to 5 points.
Liverpool cables were 9 to 15
points lower than due and were re
flected in an opening loss here ot 5
to 7 points. Althougii February tex
tile statistics showed sales of 11.63
per cent of production and ship
ments 105.5 per cent of produc
tion, the market continued under
the influence of the disappointing
English market. May contracts
traded down to 20.56, July 20.60 and
October 20.29, or 9 to 11 points oe
low the previous closes.
Offerings were absorbed at these
levels by trade and speculative buy
ing stimulated by the encouraging
Manchester cable and the bullish
textile statistics. The demand soon
wiped out the early loss and carried
May up to 20.7’, July 20.79, and
October 20.48 or 19 points above the
lows and 8 to 10 points abo’e yes
terday’s close.
There was a renewal of realizing
in late trading and final pri;es were
3 to 5 points under the top
Receipts, 14.772; for yea*. 8,492,
216; last year, 7.277,021. Exports,
35.469; for year, 6,272,759; last year,
5.272.274. Stocks 1,905.989: last ye*r,
1.984,265. Stock on shipboard, 100,
832: last year, 141,971. Spot sales,
21,089; last year, 10,605.
(By The Associated Press)
Port Movemeit
Mdlg. Rctps. Shpts. Bales.
N. Orlns..20.42 6.873 14.220 3.435
Galvst ....20 65 2.034 7,285 1.631
Mobile ....[phone],521 118
Savanh ...20.59 57 .
Charleston . 13T .
Wilmlngtn. 59 .
Norfolk ...19.95 14 ... 335
N. York...21.65 2)3 ... 600
Boston . 83 .
Houston ..20.50 2.,75 11,412 4,119
Minor Pts. 1,161 1,031
T1 today. 14,#2 35.469 10,313
Total wk. 14/72 35,469
Ttl season .... 8.49^16 6.272,759 ..4
Interior Mvement
Mdlg. RJps. Shpts. Sales.
Memphis .19.95 , 029 8.597 5,373
Augusta ..20.44 1.619 957 208
St. Louis. 2.044 2.973
Ft. Worth 19.90
Lit. Rock.. 19 95 63 529 841
Atlanta ...20.85 ... ... 800
Dallas .19.90 ... ... 2,237
Montgmy .19.95 ... ... 335
Total today ... 9,755 12,155 10,799
New Tork Stocks |
NEW YORE March 9.—(AP)—Sales
(In hundreds, high, iow and closing
quotations or the New York Stock Ex
change toda%
A1 C & Dye. 5 2871 a 284 287*i
Am. Can .130 12Ha 118^ 119
Am Sm & A. 2 116»4 ... 115
Am Sug . 2 81'2 ... 81
Am Tel . 5 2147„ 213!i 214»a
Anac Cop.250 15833 ••• 155 U
Andes Co . 15 64 62 62’,
ATSF. 6 20034 ... 200 >e
Colu Gas. 4 59!2 ... 59
Cons Ga . 12 108>2 ... 1065i
Cu Sug )f . 3 1274 ... 12!2
Curtis Aro . 15 157... 154'4
Dupont. 4 182'4 ... 180'4
El P &L. 14 62 61 61 >4
Eng Pb Svc. 11 53 52'4 53
Eric .j. 45 7534 74', 74'8
Gen FJ . 12 239 235237
Gen Tlr .160 82*4 ... 3114
Gold >USt . 16 71'2 697, 71
Green/Cana . 8 178'4 175 *,8 176
Housffn Oil .. 1 g4 84 g4
Huds/1 Mtr .29 90*4 89', 89'i
Int. 3ar . 16 HO7, 107'2 108'j
Int. Sick . 28 625a 61'4 61',
Int Tel . 2 210 ... 209 ‘
.Tohis Minville .. 25 1937s 139 191
K < S . 3 90 9074 90
Keiuecoit .300 99>7 ... 99Ja
Knger Pro.14 108'4 ... 107',
M,ck Trk . 3 107'i 106'4 107 “
Mir Oil . 3 39"4 ... 3914
NcKcesft Tin .... 1 74 ... 731.
Jfpx Sfb Oil. 11 49 43 4gi"
Hid S* Oil . 7 4 434 4
M K 1 . 2 50-'4 49 4934
Mo Pt . 2 83sa 82 ^ 83', i
Mont Ward . 14 131 128', 129'4 I
N Yp . 6 192*4 190*4 190*7 1
Nat fash Reg A .255 136', 131 1327i
NasWMtr . 7 1 0774 ... 107
NVN8 & H . t on-s, gg*, 39*■
Nor* Amn . 5 !0434 ... jgi
Nor* Pac . 2 Hi ... ioo'4
. 2i 140-’8 13R'4 133
Pa* Amn B. 5 44 43 s, 44
Fat P&R . 2 10 97, 10
P*mount . 45 657, 64*2 647a
FT „R, n . 3 773< 77'» 77 *
Pf Pet . 3 38'2 38', 3817
*ftum . 4 72 711, 72 '
ij™ Oil . 3 24^ 243a 2H8
.100 464 446 4S1
tv Tr & Stl. 4 95 .. 9334
fading . 2 103'4 106*4 107
iom Rand . 4 32 317, 32
fcy Tob B. 6 5334 58'a 58*7
St, L & San F- 3 116'7 ... 115*2
!i*ns Oil . 4 19'2 18s4 19
iears Roe . 3 157'2 ... 15534
Sinclair . 3 3817 3314 331-,
;kcllV . 3 34'8 34 34*4
ion Pac . 4 130 ... 129’4
1 O Cal . 2 68'4 67‘i 63’ ,
iONJ . 4 49:’s 49'-a 48'^
> O N Y. 30 49 3917 397a
studbkr . 8 88'4 8634 87’*
>x Corp . 70 60'7 59"3 60
fex Gul ful. 8 7.7*, C3 7314
rex Pac Coal. 2 203. 20', '’O’
^ PI* TR. 2 18** .. 18'4
ran Oil . 12 974 9’7 o*a
l P RV . 12 2247, 223’4 224'4
T S Ruhr .H5 61 5874 5934
T S Steel .151 187 185*4 185*4
ric Talk Mch.129 173*2 168 172
Varner Pic .*5 11334 117*4 113
MarM . 10 50 *8*7 4R1'
^ U .130 92034 213 “ 215
£e,stghs . 2 155 15234 154
Vright Aero . 2 273 ... 270
Vylsovd . 7 3034 2974 39
Voolworth . 7 201 199* 8 199*7
L'el° Tk . 3 4134 41 41,7
"27,550 AWARDED MAN
AFTER BUS SMASH-UP
GROESBECK, Tex., March 9.—(.$*)
- E. L. Haygood of Eolling. Texas,
ibtained a verdict for $27,350 dam
tges in his suit against the Harvey
3rothers Coach lines of Dallas here
oday. The figure is a record for
his county.
Haygood was awarded $7,500 for
jersonal injuries, $7,500 for the
leath of his daughter. $12 500 for
njurics to his w.Ta ml $350 for
iamages to his automobile.
Wheat Soars And
Corn Follows To
Big Gain For Day
CHICAGO, March 9.—(.F)—Wheat
prices ran up like a steeple-jack to
day, and corn followed in quick or
der. Speculators discovered they
had sold themselves into a hole, and
that to get out before the week-end
they had bid against each other at
such a lively rate as to force a sharp
general rise in values. Drought ad
vices from Canada and Australia, to
gether with reports of seeding de
lays in Europe and of freezing tem
peratures in the United States win
ter wheat belt were all of some ef
fect toward bringing about what re
sembled a stampede to the buying
side.
Closing quotations on wheat were
strong. 1 5-8 cents to 2 1-3 cents a
bushel net higher. Corn finished
7-8 cent to 1 1-8 cents up. Oats un
changed to 5-8 cent advance, and
provisions unchanged to a rise of
12 cents.
From the outset, the wheat pit
was uneasy because of renewed cold
weather threatening the safety of
domestic winter wheat. Besides.
I Liverpool wheat quotations were
higher than had been looked for.
A forecast of fair and warmer
weather to succeed the prevalent
freezing temperatures was of little
comfort to wheat bears, inasmuch
as crop damage at this stage of the
i season was in general largely due to
alternate freezing and thawing
weather. In the flurry that ensued
after a death of offerings became
apparent, much of the buying was
credited to eastern sources. Con
tributing to the subsequent upward
swing of values was the fact that
primary receipts of wheat in this
country today showed a decided
falling-off. totaling but 957 bushels
against 1.199.000 bushels a week aeo
and 1.102.000 bushels on the corre
sponding day last year.
Com as well as wheat finished
with the bulls having the whip
hand. Unturns in com prices were
associated with comment that farm
reserves showed little more than
last year. The fact also was point
ed out that considering the early
start of feeding this season the dis
appearance of com was only mod
erate, 63.3 per cent of the total No
vember 1 supply comnared with a
ten-vear average of 61.2 per cent.
Countrv offerings of corn today
were of fair volume but in the main
were held above buyers’ views.
Oats were unsettled, with action of
com the chief influence.
Provisions reflected a new upturn
in the value of hogs.
--—
Hogs Erratic Over
11-Market Circuit
During Past Week
KANSAS CITY. March 9.—(/P)—
—U. S. D. A.)—Trade on hogs
around the 11-market loop this week
was extremely erratic and price
fluctuations hard. Curtailed re
ceipts and a broad shipping demand
the first three days of the week re
sulted in price upturns of around
75c. but from Thursday on packer j
became very bearish and more than
erased the early advance at most j
markets. A few centers still show
a slight gain over a week ago but
must points are on a weak to 25c
lower basis. Chicago had a closing
top of SI 1.40. Total offerings were
around 510.700 a decrease of 70.000
from last week and 174,300 short of
the same period a year ago.
Fat lambs were in broad demand
at 40®75c higher figures, while
strong prices prevailed on aged
stock. Chicago reported a 50c gain
on fat ewes. The week's extreme
top of lambs of S17.65 was realized
in Chicago. The supply totalled
around 266,600 a shortage of 10.700
from last week but 21,300 heavier
than a year ago.
SVILLE
(Continued from Page One.)
of persons going to and from the
field throughout the day. with one !
way traffic observed in the main. ;
20,000 View Events
The confusion which •.as caused j
by the crowd breaking through to
greet Lindbergh delayed system
atiation of the celebration again.
The officials used soldiers from
Fort Brown in restoring order, the
soldiers locking hands and string
^. .. .
STOCK PRICES
ARE CHURNED
Opens Strong, Turns Reac
tionary And Makes Ir
regular Gains
*
By CLAUDE A. JAGGER
(Associated Press Financial Writer.)
NEW YORK, March 9.—(VP)—
Stock prices were churned about in
erratic fashion today but, except in
a handful of issues, the day's net
changes were negligible. The mar
ket opened with a surprising out
burst of strength, turned reaction
ary in the last hour and then madr
irregular recovery. i
Caii money was not a direct fad /
tor in today's market because t.1^,'
Friday rate carries over the week
end. Retention of the 4 1-2 per
cent rediscoutn rate by the San
Francisco Federal Reserve bank
generated seme bullish enthusiasm
on the theory that the New York
Federal Reserve bank would not
increase its charge until all other
central bank rates had been brought
to the 5 per cent level. However, the
recent decline in sterling, threat
ening a further drain on Great
Britain's gold, is likely to result in
another increase in the Bank of
England rate, which undoubtedly
would draw foreign funds from New
York.
Most traders confess they are
completely at sea regarding the
credit situation, and outlook, while
many veteran observers point out
that stocks yielding 3 to 4 per cent
or less cannot be carried indefi
nitely on margin at the recent call
rates of 6 to 12 per cent.
Radio issues were again the spec
tacular features. The old stock
opened 4 points higher at 449, ran
up to a new high record at 464,
broke to 451 on the selling which
followed publication of President
Harbord's official denial of Radio
Western Union merger rumors, re
bounded to 463 1-2 and closed at
461. Tiie stock touched 368 in Wed
nesday’s break. The new stock,
which dropped below 75 earlier in
the week, rallied to a new high at
93 1-2 and closed at 92, up 3 points
net. Western Union touched a new
high record at 220 3-4 broke to 213
and rallied to 215, up 2 1-2 net.
Kennecott copper was heavily
bought in the late trading, touch
ing a new high record at 99 1-2
Miami copper advanced 2 points.
On the other hand, Anaconda fell
2 1-2 points, Greene* Cananea 1
5-8, Andes 1 and American Smelt
ing and Cerro de Pasco yielded
fractionally.
ide swings took place in some of
the higher priced specialties. Adams
Express and Burroughs Adding Ma
chine jumped 39 and 11 3-4 points,
respectively, on one sale each.
Brooklyn Union Gas soared 7 3-4
points and Crosley Radio, Commer
cial Investment Trust, Mandel
Bros., Allied Chemical. Gillette
Safety Razor and Peoples Gas
moved up 2 to 5 1-4 points.
Baltimore Ohio, International
Combustion, International Harves
ter, Southern Railway and Vanadi
um were conspicuously heavy. * \
Establishment of another new . J
by the Canadian dollar around 99.. /
cents featured the irregular foreign
exchange market. Sterling cables
held steady around $4.85 1-16 and
Snanish pesetas rallied nearlv 15
points to 14.83 cents.
STOCK MARKET AVERAGES
(By The Assor'iatde Pr^ssj
50 20 20
Indus- Rail- Util
trials. roads, lties.
Today .214.3 135 4 212.6
Previous day .214.0 135.6 213.1
Week ago .217.3 133.7 213.0
Year ago .149 3 119.3 134 3
High 1929 .218.0 141.2 222.9
Low 1929 .201.8 132 5 193.1
Total sales 1.943.050 shares.
ing along the edge of the field in
a solid line.
The number of visitors to the
airport was generally estimated at
20.000.
Fifteen officers were added to
the city force to help handle the
crowded traffic in the city. Po
licemen on each corner kept the
cars moving at good speed, so that,
cars along the highway to the air
port were moving most of the aft
ernoon in a double lane on a one
way route.
Brownsville citizens threw open
tlieir homes to provide sleeping
ruarters for the visitors.
Congratulations
m To
Cia. Mexicans De Aviacion
On the Opening
of the
Brownsville - Mexico City
Air Mail Route
STEVENSON MOTOR CO.
r^T\ A car of her own! ^
A pc</ J One she can handle I
easily! One that 1
' won t give her any |
trouble — even from
the tires ‘Waiting for f
Tfnnprs you—and her—right
now at “The Sign
T^. a Safe Buy”.
1924 Dodge Touring
1928 Dodge Standard 1928 Pontiac Sedan
„ « ^Se,dan 1927 Chevrolet Sedan
1928 Dodge Coupe (Landau)
1928S?danC DCLUXe 1926 Chevrolet Coach
1928 Me*mon Coupe 1927 DodSe Touring
Rumble Seat 1926 Dodge Touring
1927 Reo Coupe 1925 Buick Touring
Rumble Seat 1926 Pontiac Coach
Jess® Dennett, Inc.
Phone 904 Used Car Maket 1219 Levee
Used Car Lot Across from Herald Office
W. A. ROSS, Mgr.
I
\