Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, July 02, 1929, Image 11

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Brownsville herald. [volume], July 02, 1929, Page ELEVEN, Image 11
About Brownsville herald. [volume] (Brownsville, Tex.) 1910-current

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Brownsville herald. [volume] (Brownsville, Tex.), 02 July 1929. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn86063730/1929-07-02/ed-1/seq-11/>

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DECLINE AT
MART OPEN
*. -- i
Lower Cables Sends Cot*
ton Down 4 Points on
Early Trades
NEW ORLEANS, July 2.—(APi
fThe cotton market opened easy at
a decline of 4 points. Relatively
lover cables were responsible for
the initial decline which extended
to 1799 for October and 1820 for
December or 5 points under yester
day’s close.
Later reports of considerable rain
on the Atlantic coast stimulated
enough demand to get offerings and
carry October to 1808. and Decem
ber 1829, or 9 points above the lows
and 4 points over yesterday's close.
At the end of the first hour the
market was steady and near the
highs, supported by fears of un
settled weather.
Several bullish private weevil re
ports stimulated short covering lat
er which was augmented by pur
chasing on the unsettled weather
outlook. Under pressure of the
demand October recovered to 18.17
and December 18.38, or 18 points up
from the lows and 13 points over
yesterday’s close.
At mid-session the market was
steady and near the highs.
N. O. FUTURES CLOSE
NEW ORLEANS, July 2.—(API—
Cotton futures closed steady at net
advances of 8 to 14 points.
Prev.
High Low Close Close
Jan. .. 18.36 18.23 18.38B 18.26
Mar. .. 18.65 13.42 18.55 18.43
Mav .. 18.68 18.54 18.68 18.54
July .. 18.11 18.02 18.11 18.03
Oct. .. 18.20 17.99 18.18-19 18.06
Dec, .. 18,40 18.20 18.37-38 18.25
Opening: Jan. 18.23; Mar. 18.43;
May 18.54; July 17.90-B; Oct. 17.99;
Dec. 18.20.
N. Y. COTTON
NEW YORK, July 2.—(AP)—The
cotton market opened barely steady
at a decline of 2 to 7 points in re
sponse to relatively easy cables and
favorable weather. October sold off
to 18.14. but there was a fair de
mand, October rallied about 7
points .from the lowest or 4 points
above yesterday’s closing quota
tions, but the advantage was not
fully maintained.
At the end of the first half hour,
the market was net 7 points lower
to 2 points higher.
The market was quiet later. July
was relatively easy unri.y further
liquidation but after selling off to
17.70, or about 15 points below yes
terday’s closing held fairly steady
with later months.
At midday October was ruling
around 18.22 with new crop months
generally showing net advances of
about 5 to 7 points.
Futures closed steady, unchanged
j to 13 points higher. Snot quiet;
■ middling 18.20.
N. Y. FUTURES CLOSE
NEW YORK, July 2.—(IP)—Cot
ton futures:
Prev.
High Low Close Close
Jan. .. 18.53 18.38 18.53 18.41
Mar. .. 18.68 18.52 18.68 18.55
Mav .. 18.78 18.62 18.78 18.65
July .. 17.85 17.70 17.85 17.85
Oct, old 18.39 19.20 18.39 13.26
Oct. new 18.30 18.14 18.23-30 18.17
Dec. .. 18.60 18.41 18.57-59 18.44
Opening: Jan. 18.33; Mr.r. 18.52;
May 18.S2; July 18.78; Oct. (old)
18.22; Oct. (new) 18.14; Dec. 18.41.
N. O. OPENING
NEW ORLEANS. July 2.—(AP)—
Cotton opened steady. Jan. 13.23;
March 18.43; May 18.54; July 17.90
bid; Oct. 17.99; Dec. 18.20.
SPOT CLOSE
NEW ORLEANS. J . !y 2.—(AP)—
Spot cotton closed steady. 11 points
up; sales 109; low middling 16.89;
middling 18.39; good middling
19.04; receipts 10.72; stock 137,208.
TFVU1! SPOTQ
DALLAS. July 2.—(AP)—Spot cot
ton 17.90; Houston, 18.35; Galves
ton, 18.40.
N. Y. COTTONSEED
NEW YORK. July 2.—(AP —Cot
tonseed oil closed steaedy; prime
summer yellow 955-575; prime
crude 750-775.
N. O. COTTONSEED CLOSE
NEW ORLEANS, July 2.—(AP)
Cottonseed oil closed steady; prime
summer yellow 87"; prime crude
750-775: Jan. 863; July 840; Aug.
845; Sept. 843; Oct, 852; Nov. 835;
Dec. 861.
MATAiOROS
(Continued from page 1.)
, Rocha, Ricardo Martinez, and Luis
^4 Oonona Balladares.
W Twelfth cavalry officers taking
part in the reception were Lieut.
Col. Stanley Koch, commander; Ma
jor Henry L. Flynn; Captains Ver
non M. Shell. Clyde E. Austin, Mar
lon I. Voorhes, and Perry E. Tay
lor: First. Lieut. Clyde Massey; Sec
ond Lleuts. John P. Willey, Ralph
T. Garver. Howard A. K. Perrilliat,
Tehodore Kalakuka. Captain Albert
Lobitz, Major Gardner Fletcher,
Captain Thomas A. Breen. Captain
Ivan L. Bennett, chaplain; Major
Robert W. Grow. First Lieut. W. J.
Reardon and Captain Will C. Grif
fin.
A number of Brownsville citizens
were guests of Fort Brown. Offi
cers to the meet the Mexican of
ficials. Among these were A. A.
Ashheim. Jesse Dennett. G. C. Rich
ardson, Dr. Harry K. Loew, Harry
Faulk, A. Wayne Wood. John Gregg,
G. W. Dennett and W. L. Pander
graft.
DESERTER MAKES TWO WILLS
LONDON.—Leon Strawnaum, wno
deserted from the army in 1913 and
disappeared, left .behind him two
wills and the courts must dsride
who gets his estate.
[MARKETS AT A
GLANCE
New York:
- Stocks: Strong: General Electric
soars more than 20 points.
Bonds: Steady; convertibles
buoyant.
Curb: Irregular; Electric Bond &
Share react* on announcement of
new stock offer.
Foreign exchanges: Easy; Ster
ling a shade lower.
Cotton; Higher; weevil reports.
Sugar: Easy: Cuban selling.
Coffee: Declined; increase Bra
zilian offerings.
Chicago:
Wheat: Firm; bullish crop esti
mates.
Corn: steady; excessive rains
central West.
Cattle: Higher.
Hogs: Steady to strong.
Hogs 11,000: slow and uneven; top
$11.00 on choice 180®230 lbs; pack
ing sows 8.75© 10.00.
Cattle, 4,000, calves, 800; fed
steers and yearlings strong to 25c
higher; other classes firm; slaugh
ter steers, good and choice 1100®
1500 lbs 13.25©15.00; 950-1100 lbs
13.00© 15.29; fed yearlings, good
choice 750-950 lbs 13.00© 15.25; heif
ers. good and choice 850 lbs down
12.00© 14.75; cows, good and choice
8.50©11.50. Vealcrs (milk-fed) me
dium to choice 9.00® 13.50.
Sheep, 8.000; lambs good and
choice (92 ibs down* 13.50©''14.75;
ewes, medium to choice (150 lbs
down) 5.00®6.75.
CHICAGO. July 2—<£>)—Hogs 26,
000; steady to strong, to 11.40 for
160-210 lb. weights.
Cattle^ 7,000; calves 2,50(k slaugh
ter steers 1300-1590 lbs. 14.25®
16.00; 1100-1300 lbs. 14.10®1G.00;
950-16.00 lbs. 13.65® 16.00; vealcrs
13.50© 16.25.
Sheep, 10,000; natives 14.50;
westerns 14.75® 15.00; ewes 6.00®
6.50.
FORT WORTH. July 2.—(A*)—
Hogs: 900; slow, tp 10.40; better
grades 180-240 truck hogs 10.00©
10.35.
Cattle and calves: 2,299; steady;
slaughter steers 11.00 and less; top
yearlings 14.65: cows up to 8.09 and
above; calves 11.75 to 13.25.
Sheep: 1,209; steady; lams 11.50
to 12.00; 2 year old wethers 8.50;
aged wethers 7.50; goats 5.00.
CALL MONEY
N7W YORK, July 2.—(/pt—Call
money: Firmer; 15 per cent all
day; time loans; steady; 30 days,
7 1-2; 60-90 days, 7 1-2; four-six
months, 7 1-2.
Prime commercial paper 6. Bank
ers’ acceptances steady; 30 days 5
1-2 ® 5 3-3; 60-90 days 5 1-2© 5
3-8; four months, 5 5-8 © 5 3-8;
5-6 months, 5 5-8© 5 3-8.
Funeral Services
For Ei Jardin Man
To Be Held Today
Last rites for John Lewis Wilson,
71, a farmer of El Jardin district,
were to he held at 3 p. m. Tuesday
at tho W. A. Darling chapel, with
interment in the Buena Vista
cemetery. Dr. S. K. Hallam was
to officiate at the services.
The deceased has resided in this
section for the past ten years. His
death, which occurred Sunday, was
due to heart disease. He is sur
vived by one brother, P. R. Wil
son, of Big Spring.
LIVERPOOL SPOTS
LIVERPOOL. July 2.—-(.^—Cot
ton spot quiet; lower; American
strict good middling 10.90; good
middling 10.50; strict middlin'*
10.30; middling 10.10; strict low
middling 9.80; low middling 9.50;
strict good ordinary 9.10; good or
dinary 8.70. Sales 6,000 bales. 4.300
American. Receipts 6,000, Ameri
j can 1.000. Futures closed quiet and
steady.
July 9.73, October 9.68; December
968; January 9.69; March 9 74
May 9.7o. ‘ ’
BUTTER AND EGGS
CHICAGO, July 2.—<A>)—Butter:
Lower; creamery extras 40 1-2*
standards 41; extra first 39 1-2®
*lrs*,s 33 1-2<739; seconds 37®
,®- E££s unsettled; extra firsts 29
firsts 22: ordluary firsts 27
"-3 1-2; storage packed firsts 30.
AT LAST! YES WE
* * *
HAVE BAN-AN-AS!
* * *
BUNCHES OF ’EM
Memories of a one-time pop
ular song coursed along the Rio
Grande Tuesday as what is be
lieved to be the first full carload
of bananas to cross the border at
Brownsville came over from
Matamoros.
In the shipment are 350
bunches of bananas, weighing
about 20,000 pounds. The adding
machine broke when A. C. Hipp,
manager of Descl-Boettcher, to
whom the bananas are consign
ed. started to figure out just how
many individual pieces of fruit
there were.
The bananas were grown in
Villa Agueta, which is in the El
Hule section of the state of Vera
Cruz. Hipp says the Mexican
bananas are of better quality
than the Central American va
riety.
They were cleared through J.
G. Philen, Jr., company's brok
erage house.
Bridge officials who inspected
them said tire bananas arrived
in better condition than any car
cf the fruit brought in at other
border points.
STEELS RALLY
ON OPENING
General Tendency On New
York Market Is
Upward
NEW YORK, July Sd—f/Pj—Stock
prices moved irregularly higher at
the opening of today’s market, with
the steels showing a strong rally
ing. tendeney. Republic Steel open
ed 1 1-2 points higher at 106, a
new high record; A. M. Byers
showed an initial gain of 2 3-8 and
Colorado Fuel 1. American Can
also moved into new high ground.
Initial gains of a point or more
also were recorded by International
Telephone. Union Tank Car, West
inghouse Electric and United Fruit
Atlantic, Gulf & West Indies drop
ped 1 1-2 points and Anaconda.
Coty and Yellow Truck yielded
fractionally.
While some uneasiness developed
as a result of the money “pinch”
yesterday and the prospect of heavy,
profit taking over the holiday, oper
ators for the advance resumed their
activities, concentrating on a select
assortment of steel, railroad, can
and merchandising shares.
Railroad shares continued to re
spond to the excellent character of
current earnings reports,. Penn
sylvania moved up 1 1-2 points to
87. the highest price on record, and
Atchison, New York Central, Union
Pacific and Delaware & Hudson
also sold at new high prices for the
year, or longer.' Missouri Pacific
preferred was heavy.
American can, in which a new
group recently acquired a large in
terest, was quickly pushed through
156 to a new peak for the year.
Simmons, Montgomery-Ward. Gold
Dust and Packard Motors were bid
up 1 3-4 to 3 1-2 points before the
end of the first half hour.
Foreign exchanges opened steady,
with cables unchanged at $4.84
15-16.
The closing was -strong. Total
sales were approximately 4,500,
000 shares.
IT. S. BONDS
NEW YORK, July 2.—WP)—Gov
ernment bonds; Liberty. 3 1-2, 32-47,
Os) 16: Treasury 4 1-4 47-52, $108.5;
j $96.19; 1st 4 1-4. 99.3; 4th 4 1-4
j 4s 44-54. $104.7; 3 3-4 45-55, $101.14.
K. C. CASH GRAIN
KANSAS CITY. July 2.—UP—
Wheat: No. 2 hard dark, 1.22; No.
2 hard 1.08 1-2® 1.18; No. 2 red 1.17.
July 1.10 7-8: Sept. 1.14 1-2: Dec.
1.19 1-2. Corn: No. 2 90; No. 2
yellow 90®90 1-2: No. 2 bixew 85
3-4® 87. July 87 1-2; Sept. 90 5-8;
Dec. 87 1-2. Oats: No. 2 white
nominally.
Liverpool Gains
Stimulate Wheat
On Chicago Mart
i ■■ ....
CHICAGO. July 2.—fP)—Stimu
lated by unexpectedly steep up
turns in Liverpool quotations and
by continued rainless weather in
the Northwest. Chicago wheat
prices soared material early gains
today. Opening 3-4 to 1 5-8c up.
Chicago whrat rose still higher and
then reacted somewhat. Corn, oats
and provisions were also firmer,
with corn storting 3-8 to 3-4c high
er, and afterward keeping near to
the initial range.
i Wheat closed unsettled. 1 5-8c to
2 l-8c net higher, corn l-4c to 3-4
f<7-8c Up, cats 3-Sc to 1-2C ad
vanced. and provisions varying
frem 7c decline to a rise of a shade.
FT. WORTH CASH GRAIN
FORT WORTH. July 2.——
Wheat was active, strong and again
sharply higher today. Exporters
were active bidders. Other grains
were in fair demand.
Export grain: Exporters bid as
follows, basis delivered Texas gulf
ports: No. 1 ordinary wheat $1.16
@1-2; No. 1 soft red mixed $1.14®
3-2: No. 2 barley 70@71c.
Milling wheat: Mills bid as fol
lows, basis delivered T. C. P.: No.
1 hard $1.13171.19: 13 per cent pro
tein 51.19 1-2@1.20 1-2; 14 per rent
$1.23 1-2 @1.24 1-2; 15 per cent $1.27
1-2® 1.28 1-2; 16 per cent $1.31 1-2
@1.32 1-2.
Dealers bids and offers on othef
grains:
Corn: Demand fair, half rent
higher; No. 2 mixed 1.02@1.03 1-2;
No. 2 white or yellow *1.08® 1 09.
Oats: Good demand, one cent
higher; No. 2 red 52®53c.
Bariev: Good demand, un
changed
Sorghums: Unchanged, fair de
mand.
FOREIGN EXCHANGE
| NEW YORK, July 2.—)/P)—For
leign exchanges easy; Great Brit
! ain demand $4.84 5-15: cables 4.84
; 13-16; 69 day bills on banks 4.79
\ 11-16. France, demand 3.90 7-3;
! Italy. 5 22 3-4; Belgium 13.87 1-2;
| Germany 23.79. Tokyo 44.50; Mon
treal 99.12 1-2.
Report Missouri
Pacific Workers
Planning Strike
ST. LOUIS, July 2.—(P)—A state- |
j ment issued today by the Mis- i
I scuri Pacific railroad says it is re- j
' ported that locomotive engineers j
! employed by the Missouri Pacific, j
the Santa Fe system with the ex
S ceptlon of their Texas lines, the
j Southern Pacific’s West Coast,
j lines, the Chicago. Milwaukee and
I St. Paul, the Union Pacific and the
Terminal Railroad Association of
j St. Louis, are balloting on a ques
j tion of striking.
The railroad officials said it un
I derstood the engineers seek to cn
| force their demands for a new
contract to contain rules which, the
railroads claim, would violate
agreements now in effect with loco
motive firemen. The engineers,
the officials said, want a separate
contract from the joint agreement
mr.de by engineers and firemen in
Chicago in 1913. No wage ques
tion is involved.
«
r RICH FAMILY GUARDE!D ~~]
Following reports of a kidnap plot, private detectives are guarding
the gold coast home of Harold F. McCormick, shown here at the ex
treme left. With him is his daughter, Mathilde and her husband,
Max Oser, to whom she was married in 1023. The children, are Anita,
4, and Peter Max, 2. -The marriage created quite a stir, Mathiide's
parents at first frowning on the match.
(Continued from Page 10)
man disagreed most often, how
ever, with Senator Brookhart, and
on several occasions the Tennessee
committee member was forced to
intervene and ask Senator Brook
hart and Creager to let him “be
the oil on troubled waters."
Few instances of alleged pur
chases of offices were brought to
the attention of the committee.
The major point of attack was on
alleged lax law enforcement by ap
pointed federal officers, and Sen
ator McKellar said ho thought
something should be done to ob
tain the removal from office of Roy
Campbell, customs collector at La
redo. John D. Hartman, federal
district attorney at San Antonio,
was another of the present office
holders assailed by witnesses, as
was A.dolph Kahn, deputy customs
collector.
Several phases cf Creagcr’s con
test with Harry M. Wurzbach. for
many years Texas’ only republican
congressman, were called to the
committee's attention. Wurzbach
was defeated for re-election at the
last election, largely, his friends
contended, because Creagcr refused
to support Wurzbach against Au
gustus McCloskey, democrat. As
the hearing ended. Creagcr intro
duced as evidence a check endorsed
• H. M. Wurzbach.” He contended
the check wa3 for Wurzbach’s gen
eral election campaign and It was
accepted in violation of the law.
Creager said ho considered it his
“duty” to see that Wurzbach was
prosecuted for accepting the $50
check from E. J. Kcudcll, railway
mail clerk.
Senate committee members had
attacked the method by which the
^^Wicans are attempting to raise
.,100.000 m Texas. They charged
that while officeholders are not
possibly, required to contribute the
active campaign is “a good remind
°n +the eve of thc expiration of
their terms that they should do
nate.
Senator McKellar. at the conclu
sion of the San Antonio hearing
lseiied a statement in which he said
evidence had convinced him all
agencies should be under
the direction of one head, respon
se ? u0n y t0 the Prudent. He
said he would introduce a bill to
-he
CREAGER DUE BACK
IN CITY TUESDAY
R. B. Creager, who has been at
tending the republican patronage
probe in Dallas, is expected to re
turn to Brownsville Tuesday by
plane.
If he does not arrive Tuesday, he
will probable return Wednesday by
rail, it was stated at his office.
r i HIM ■ ■III Mil . ■ .- - ■ -
Thpo" LPtvr -5Tr7oKe. lost ThpJ
Ch^^Pioim-Ship Fob. Tr-te <3oct=
TlTUSL op ?<1T)1>N1C
1 !
/ \
[ r
I
I
i
3 Severely Burned
As Stove Explodes
Indian’s Home
PONCA CITY. Okie ., July 2—</P)
—Three persons were burned severe
ly and o”f> probably fatally in a
fire which destroyed the farm house
of Jim ^oorhorse northwest of Mar
land today.
AH cf the injured, members of
the Poorhorse family, were rushed
to a Ponca City hospital where little
hope was held for the recovery of
Winifred, five year old girl.
The blaze occurred when the
mother attempted to start a fire in
the kitchen stove with kerosene.
The oil exploded.
CALIFORNIANS HOP
ON ENDURANCE TRY
CULVER CITY. Calif., July 2 —
<7P;—L. W. Men dell and R. B. Rein
hart hopped off here at 7:29:30 a.
m. today, in an effort to better the
refueling endurance flight record of
172 hours 32 minutes .and one sec
ond.
SECOND BLAST
BAYTOWN, Tex., July 2.—(IP)—A
second blast within 24 hours occur
red today at tile Humble oil iefin
ery here, burning A. Shirley. The
man was taken to the hospital here
where it was said his injuries were
not serious.
CITY BUYS, DESTROYS JAIL
GLASGOW.—The city of Carlisle
has purchased the local jail from
the government and is tearing it
down.
Iv Specials for Wednesday and Friday i
Fire Cracker I
Time! |
Uncle Sam’s Day Is Here * 1
Pop! Pop! If that’s not enough “Sole Owner” is ready for the
then Boom! Boom! Celebration with fast beating heart.
Patriotism swells within and the SR
Red, white and blue are the wav- 1Jght of freedom sparkles in the eye H
ing colors of every true American. as we think of the glorious Fourth.
“Sole Owner” Has Ready For You Everything |
For the Table and for the Picni In The Woods I
MAYONNAISE 19c I
PICKLES 12c 1
PICKLES tx*. *12c I
SANDWICH SPREAD g-10c|
I CHILE CON CAmic 11-ounce Can . . I fjQ |j
I RFVII FR HAM underw°od’»> 1 Rp I
J.V K#L * rLlnM a! fa III 2 3-4 ounce Can. I 1*0 p
I POTATO CHIPS 25c I
CV 3 Packages, regular Jjlfl
50c value, all for.uOU I
^ ijjiiiimu,*. 111—■ninii.m ■mi r^aanmarnKmum-.< jj|j
IRINRFRAIF RRp f
i'lilULiinLL .6 Bottles for. uUU A
MARSHMALLOWS Jir.rfrl3c I
MEAT DEPARTMENT I
BOILED HAM, per pound.45c I
AMERICAN CHEESE, per pound .30c £
% _
ROAST, very good, per pound .38c I
HAM, fully dressed, per pound.25c i

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