Brownsville herald. [volume], July 12, 1929, Page NINE, Image 9

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

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LATE MARKET REPORT
— TRUCK MOVEMENT—STOCKS—COTTON—GRAIN—LIVESTOCK —POULTRY—EGGS
—— • '' "" " """ " ■ »■■ *
- — — -w ■ .■.
BULLS LIFT .
1 EARLY MART
Market Turns Sharply Up
On Feverish Utility
Buying Friday
NEW YORK, July 12.—</F>—'The
Jtcck market was lifted sharply
dngher at the opening today, when
feverish buying cropped out in the
ntilities. A block of 11,600 shares
9f Consolidated Gas was taken at
144, a new top and up 7 1-2 points.
K block of 20,000 shares of United
Das Improvement at 53, a new high
ind up 1 1-2 points, and a block of
15,000 shares of National Power and
Light, up 3 1-2 points. Public Ser
vice of New Jersey, United Aircraft
ind Montgomery Ward rose 2 to 3
points, Auburn Auto 4 1-2, Union
Carbide 3 1-2, and several issues
mounted 1 to 2 points.
The impressive bullish demon
stration was inspired by the decline
in brokers’ loans, which, although
amounting to only $14,000,000, came
after about a month of successive
large increases.
A block of 10,000 shares of U. S.
Steel was taken at 200 1-4, up 2 1-4
points. Underwood-Elliott - Fisher
rose 7 points. Commercial Solvents
6, Midland Steel Products prefer
red, Westinghouse Electric, Johns
Manville, General Electric and Na
tional Supply 4 to 5. In the utility
group, Standard Gas and Electric
and American Power and Light also
reached new record prices in mod
erate advances.
American Can once more reached
a new high record, with a gain of
about a point, and other shares
moving up 1 to 2 points included
American Telephone, Radio, Ana
conda, International Telephone.
Gold Dust, New York Central,
American International, Northern
Pacific, Kroger Groceries, Gillette,
Safeway Stores, Bethlehem Steel,
National Cash Register and Curtiss
Aero. Texas Corp., however, sag
ged nearly a point.
Foreign exchanges opened barely
steady, with cables 1-16 lower at
$4.85 1-16.
The close was strong. Sales ap
proximated 4,800,000 shares.
U. S. BONDS
NEW YORK, July 12.—/^—Gov
ernment bonds: Liberty 3 1-2, 32
17, $97.16; 1st 4 1-4 $99.16; 4th 4 1-4
$89.24. Treasury 4 1-4, 47-52, $108.13;
4s, 44-54, $104.17.
N. Y. COTTONSEED CLOSE
NEW YORK, July 12.—(^—Cot
tonseed oil closed easy; prime sum
mer yellow 960; prime crude 762
1-2-787 1-2; Jan. 974; Feb. 975:
July 955; Aug. 950; Sept. 975; Oct.
974; Nov. 955; Dec. 970; sales 11,
300.
illinitMiiifiiiii.MMiiiiliiiiMiiimmiiiiiiimifiim
. MALT SYRUP
is just what
you want-r*
It's the Schlitz Flavor
that Makes the
Savage Wholesale
Grocery Co.
Edinburg, Texas
.—- ■ 1 ■ ■
CHICAGO, July 12.—(JPh-Hogs:
19,000; 10 to 15c higher on hogs over
160 lbs; top 12.40 for 180-200 lb
butchers; packing sows 9.90 to 10.90;
pigs, medium to choice 90-130 lbs
10.75® 12.00.
Cattle: 2,500; calves: 1,000; weak
to lower slaughter steers, good and
choice 950-1500 lbs 13.25@16.40;
cows, good and choice 8.75® 12.00;
vealers (milk-fed) good and choice
14.50® 17.00.
Sheep: 9,000; strong to 25c higher;
lambs 14.50® 15.15; ewes 5.50@6.75.
KANSAS CITY, July 12.—(AV
Hogs: 4,00; 15®25c higher; top
$12.05 on 160 lbs butchers; packing
sows 9.75® 10.75.
Cattle: 1,100; calves: 200; steady;
slaughter steers, good and choice
950-1500 lbs 13.25@16.00; fed year
lings, good-choice 750-9§0 lbs 13.25®
15.65; cows, good and choice 8.75®
11.75; vealers 9.00 @14.50; stocker
and feeder steers 11.25® 13.75.
Sheep: 2,000; steady; lambs 14.00
@15.00; ewes 5.25@7.00.
FORT WORTH, July 12.—(/P)—
Hogs: 1.000; 20 to 25c higher; top
$11.85; medium to choice 185-230 lb
rail hogs 11.60® 11.85; betters 175
240 lb truck hogs 11.00@11.35; pack
ing sows 9.50® 10.00.
Cattle and calves: 1.800; steady;
grassers 8L00@9.50; yearlings 14.50;
cows 7.35 and less; bulls 6.50@8.25;
slaughter calves and vealers 12.00@
12 25; heavies up to 11.75.
Sheep: 3,00; 2-year-old wethers
25c higher; other classes steady;
2-vear-old wethers top $9.00. others
8.50; aged wethers 7.50@7.75; year
lings 10.50. *
FOREIGN EXCHANGE
NEW YORK, July 12.—UP)—For
eign exchanges easy; Great Britain
in dollars, others in cents:
Great Britain demand 4.84 1-2;
cables 4.85; 60-day bills on banks
4.79 7-8.
France, demand 3.91 1-8; Italy
5.22 5-8: Eelgium 13.88 1-2; Ger
many 23.79; Tokyo 45.25; Montreal
99.46 7-8.
N. O. COTTONSEED
NEW ORLEANS, July 12.—(fP)—
Cottonseed oil closed steady; prime
summer yellow 845; prime crude
762 1-2-787 1-2; Jan. 870; Feb. 870;
July 855; Aug. 866; Sept. 865; Oct.
865; Nov. 865; Dec. 870.
CALL MONEY
NEW YORK, July 12.—(/P)—Call
money steady; 9 per cent all day.
Time loans higher, 30 days 7 l-2@
7 3-4; 60-90 days 7 l-2@7 3-4; 4-6
months 7 l-2@7 3-4. Prime com
mercial paper 6.
Bankers’ acceptances unchanged.
MARKETS AT A
j GLANCE
LlMmaMMSMMMMMBHWaMi
Jnly 12
New York;
Stocks strong; United States Steel
sells above 203.
Bocjds steady; convertibles climb
to new peak.
Curb strong; electric investors
rises more than 17 points to above
158.
Foreign exchanges easy; sterling
cables drop back to $4.85.
Cotton higher; trade buying.
Sugar steady; firmer, spot market.
Coffee declined; lower Rio cables.
Chicago;
Wheat firmer; bullish Canadian
estimate.
Com easy: large receipts.
Cattle lower.
Hogs steady to higher.
K. C. CASH GRAIN
KANSAS CITY, July 12.—(AV
Wheat; No. 2 dark hard 1.15@1.30;
No. 2 hard 1.14 1-2@1.26 1-2; No. 2
red 1.20; July 1.18; Sept. 1.20 7-8;
Dec. 1 25 3-4
Com: No. 2 white 96@96 1-2; No. 2
yellow 98; No. 2 mixed 91; July
92 0-8: Sept. 94 3-8; Dec. 90.
Oats: No. 2 white 48.'
CONTINUANCE DENIED
FOR SNOOK’S TRIAL
COLUMBUS. O.. July 12.—UP)—
Common pleas Judge Henry L.
Scarlett today overruled a motion
for a continuance in the trial of Dr.
James H. Snook, deposed university
professor and confessed slayer of
Theora K. Hix, 25. Ohio state co-ed
and ordered that the trial start July
22 as scheduled.
POLISH FLIERS TO
START TO N. Y. SOON
LE BOURGEJT, France, July 12.—
fA>)—Jan Idzikowski and Casimir
Kubala Polish aviators who had
been at Le Bourget for the past two
weeks making final preparations for
a flight to New York, announced
this afternoon that they may start
at 4 o’clock Saturday morning (10
p. m. E. S. T. Friday).
Their departure will depend on
weather conditions.
Here’s Stomach-joy For You.
Light, Flavory, Easily Digested
WJ16? appetites ere hard to please, these crisp, oven
baked, flavory shreds of whole wheat give rest to the meal
end energy for work or play. Delicious with whole milk and
fruits.
„ „ d* Pvfr* intent for the youngtteru
>
CABLES BOOST
EARLY COTTON
! "
Open Is Quiet* Market
Weakens On Favor
able Weather
NEW ORLEANS, July 12.—(/P)—
The cotton market opened quiet
but steady with higher cables re
sponsible for an initial gain of b
to 6 points. As the weather was
dry and cro paccounts were favor
able the market weakened and Oc
tober dropped from 18.18 to 18.12
and December from 18.39 to 18.32,
or one point under yesterday’s
close.
Trading was only moderate and
at the end of the first hour the
market was quiet and near the
lows.
More or less trade buying followed
reports of weevil damage in Louisi
ana, Mississippi and after easing off
8 to 9 points October rallied to
18.25 and December 18.44, or 14 to 15
points above the lows. The market
was quiet all morning with trading
slack. At mid-session the undertone
was steady and prices were near the
top.
N. O. COTTON FUTURES
NEW ORLEANS. July 12.—(/F)—
Cotton futures closed steady at net
advance of 5 to 8 points:
Prev.
High Low Close Close
Jan. ... 18.46 18.38 18.40-B 18.35
Mar. ... 18.60 18.57 18.64-B 18.52
May ...-18.79-B 18.62
July ... 18.00 18.00 17.95B-97A 17.90
Oct. ... 18.26 18.10 18.21-22 18.13
Dec: ... 18.44 18.30 18.38-39 18.33
Opening: Jan. 18.41-B; March
13.62-B; May 18.67-B: July 17.85-B;
Oct. 18.18-B; Dec. 18.39.
N. Y. COTTON
NEW YORK, July 12.—(JP)—The
cotton market opened steady at an
advance of 9 points to a decline
of 2 points. There wa„ a little cov
ering by July shorts and some buy
ing of later delieveries on relative
steady cables but the demand was
supplied by selling on a favorable
view of weather reports.
October eased off from 18.29 to
18.26 but offerings were not heavy
and the market while somewhat ir
regular held farily steady within a
point or two of yesterday’s closing
quotations at the end of the first
half hour.
Offerings were light later, and
prices worked higher on covering
which may have been inspired by a
belief the technical position had
strengthened sufficient to warrant
expectations of a week-end rally.
The better tone reported in the
stock market, was also a factor on
the advance and the market at mid
day was steady with October at 18.38
and January at 18.57, or about 6 to
12 points net higher.
N. Y. FUTURES CLOSE
NEW YORK, July 12.—(.P)—Cot
ton futures closed:
Prev.
High Low Close Close
Jan. 18.59 18.45 18.55 18.51
Mar. 18.78 18.67 18.78 18.70
Mav .... 18.83 18.75 18.87 18.77
July .... 17.98 17.80 17.98 17.82
Oct. old 18.34 18.28 18.38-B 18.23
Oct. new 18.38 18.23 18.32-33 18.26
Dec. 18.64 18.48 18.58-59 18.52
Opening: Jan. 18.49; Mar. 18.71;
May 18.75; July 17.90; Oct (old)
18.30-B; Oct. (new) 18.28; Dec. 18.52.
Futures closed steady, four to 16
points higher. Spot quiet; middling
i8.35.
LIVERPOOL SPOTS
LIVERPOOL, July 12.—(/F)—Cot
ton spot quiet; lower; American
strict good middling 11.01; good
middling 10.61; strict middling
10.41; middling 10.21; strict low
middling 9.91; low middling 9.61;
strict good ordinary 9.21; good or
dinary 8.81. Sales 6,000 bales, 4,
300 American. Receipts 5,000,
American 1,500. Futures closed
steady: July 9.82; October 9.77; De
cember 9.77; January 9,78; March
9.89; May 9.85.
BUTTER AND EGGS
CHICAGO, July 12.—(JP)—Butter
steady; creamery extras 40 1-2;
standards 40 1-2; extra firsts 39
1-2 @40; firsts 38 1-2 @39; seconds
37 @38.
Eggs unchanged.
POULTRY
CHICAGO, July 12.—(/P)—Poul
try: Fowls weaker; springs steady
express hens-spring hens 28 l-2c;
Leghorn hens 25c; Leghorn broil
ers 11-2; pounts 29c.
Report of Canadian
Cut In Grain Yield
Sends Wheat Higher
CHICAGO. July 12.—(JP)—'Wheat
went decidedly*upward in price early
today, influenced by fresh cuts in
estimates of Canadian wheat pro
duction this season. According to a
Chicago trade leader, the outlook is
for 200,000,000 bushel smaller yield
in the prairie provinces than last
year.
Opening unchanged to 5-8c high
er, wheat afterward scored advances
all around. Com and oats were easy,
with com starting at 3-8c off to
l-4c up, and subsequently under
going a general setback. Provisions
inclined upward.
Wheat closed 1 3-8c to 1 7-8c a
bushel higher than yesterday’s fin
ish, com losed 3-4c to 7-8c net low
er, oats l-8c to lc up, and pro
visions varying from 20c
TEXAN NET STAR IN
KANSAS SEMI-FINALS
INDEPENDENCE, Kan., July 12.
—(£*)—Les DeWitt, chopstroke vet
eran of Wichita, Kan., and John
McDiarmid, Texas Christian college
star, will meet tomorrow in the
semi-finals of the Kansas open ten
nis tournament as the result of
semi-final games today.
DeWitt eliminated Joe Apple,
school teacher of Durant, Okla.. 6-1,
6-0. The Fort Worth, Texas, player
disposed of Ted Brooks, Wichita,
6-1, 5-7, 6-1, 6-2.
h
CANNED GOODS
RATE IS CUT
_
Parley of Canners And Rail
road Men Agree to
8-18 Cent Drop
Reductions of eight to 18 cents
per hundred pounds in freight rates
on canned goods from the Valley
i were tentatively agreed to Friday
morning at a meeting of canners
and freight chiefs held at the cham
ber of commerce. The reduced rates
agreed to by both the Missouri Pa
cific and Southern Pacific, will go
into effect about October 1.
Due to the technicality of the
subject the canners could not tell
just what the reduction would
amount to. In view of this it was
agreed between them and the rails
that the would make further repre
sentations should they not be satis
fied with the reduction.
The railroads were represented
at the meeting by J. E. Bailey,
general freight agent of the Mis
souri Pacific: J. N. Daley, assistant
freight traffic manager, M. P. lines:
A. R. Atkinson, assistant general
freight agent. Southern Pacific lines,
and L. S. Bourne of the Rio Grande
Valley railway. Canners present
were R. R. Rice, Aransas Pass, of
the San Patricio Canning company
which operates a shrimp canning
plant at Point Isabel; R. G. Schmidt,
of the Schmidt canneries at San
Benito: J. C. Bennett of the Olmito
cannery: W. B. Palmer of Los Fres
nos and S. Castarino of Point Isa-*
bel.
Canning plants in the upper end
of the Valley were not represented.
The new rates will be placed on
file at Washington for 30 days after
which they will be printed in the
freight tariff records and put into
effect.
Arrangements have not been made
with railroads east of St. Louis but
this will be done in the immediate
future, Atkinson stated. The new
schedule has already been approved
by the Southwestern freight bureau.
Juvenile Bandits
Headed By Boy, 14,
Arrested By Police
MEXICO CITY, July 12.——
A gang of juvenile bandits, headed
by a 14-year-old boy, called “El
Polveron,” who is alleged to have
kept his subordinates in order by
frequent use of the whip, has been
rounded up by police, who raided
the band’s headquarters in a cave
near here after complaints by sev
eral of the youngsters’ victims.
According to the story told by the
youngest member of the gang, a tot
only six years old, the boys’ principal
activities weer devoted to robbery.
Among their loot were Instruments
stolen from a jazz band, several out
fits c.f clothing taken from the
banks of a river while their own
ers. were swimming, and objects from
churches.
The chief, who was described by
the informant as a “tyrant,” re
quired his followers to turn in a
cetrain amount of loot daily and
paid them off with bread stolen
from a bakery owned by his father.
In case they did not bring in suffi
cient loot he applied the whip.
House Refuses To
Pay Milk Damages,
Cuts Bill $120,000
AUSTIN, Juy 12.—(/P)—The house
today sliced $120,000 from its claims
and accounts bill by refusal to al
low damages for milk which would
have been given by cattle killed
by rangers in Harris and Galveston
counties during a hoof and mouth
disease epidemic in 1924-25.
The state already has paid $670,
0€0 to owners for actual value of
cattle slain to stamp out the epi
demic and $415,000 for hay at the
same time, a debate on the floor
over the claim revealed.
While the house was passing on
alleged damages by the state and
free conference committees were at
work on the educational and de
partmental bills, the senate found
that its calendar had been cleared
with the exception of one local
measure and recessed until the aft
ernoon.
RAILWAY SAFETY IS
DISCUSSED AT MEET
SAN ANTONIO, July 12.—WV
Claim agents of the Southwestern
Railway Claim Agents’ association
in convention here have considered
all angles of railway safety at grade
crossings, and presented divergent
opinions in convention speeches.
The organization opened the
meetings yesterday to continue
through tomorrow.
CONVENTION CLOSED
BY PEACE OFFICERS
SAN ANTONIO, July 12.—V7F)—
With their business over and the
entertainment completed, delegates
to two conventions of Texas peace
officers were on their way home to
day.
Tom R. Hickman, state ranger
captain. Fort Worth, was named
president of the Texas Police Chiefs
and City Marshals’ association, and
Beaumont named the 1930 conven
tion city.
Robbers Take $600
In Cash And Jewels
From Beaumont Man
LIBERTY, Texas, July 12.—(A”)—
Aaron Grossman of Beaumont was
robbed of $600 in cash and jewelry
as he drove upon the Trinity river
bridge near here today.
Grossman had spent yesterday in
Houston and was returning home.
Upon reaching the long bridge he
found the span blocked by a large
sedan. Two men leaped from the
automobile, one covering the vic
tim with a revolver and the other
r'fling his pockets.
HURLER TRANSFERRED
TOLEDO, O., July 12.—(JF)—
Transfer of Emilio Palmero, south
paw hurler on option from the Fort
Worth club of the Texas league to
the Nashville club of the Southern
association, was announced today by
the Toledo American Association
club •
--<---r
Country Club Spurns
Offer For Leasing Of
Links; Heads Elected
—
The proposal of Laveme Miller
to lease the Brownsville Country
club’s golf course was turned down,
and the old board of directors was
re-elected at the annual meeting
of the club held Thursday evening
at the clubhouse.
The board of directors .composed
of Dr. B. O. Works, A. C. Hipp, Geo.
Desha, John Gregg, W. E. Mc
Davitt, J. K. Wells and A. N.
Tandy, will meet July 18 to elect
officers for the following year.
Plans for the coming season were
outlined before the gathering by
Dr. B. O. Works, president. The
golf course will be improved, addi
tional social activities will be stim
ulated, members added and the
club grounds will be beautified, Dr.
Works stated.
Benito Longoria, secretary, pre
sented the annual financial state
ment of the club. The organiza
tion made more than $1,000 above
all expenses last year, the report
showed.
Plans for a drive to increase the
membership from 180 to 200, were
discussed by J. L. Boggus. He be
lieved that the goal would be
achieved by the beginning of the
new fiscal year, Aug. 1.
Miller sought to lease the 18
hole golf course to band it together
with other courses he is seeking
over the Valley. The local club
was practically unanimous in turn
ing down the proposal.
Approximately 90 members at
tended the meeting.
Clear Skies Offer
Relief to Flooded
Regions of Kansas
TOPEKA, Kas., July 12.—(JP)—
Clear skies today offered some re
lief to central and southern Kan
sas, swept by flood waters as the
result of heavy rains, as Hutchin
son and Salina and other smaller
towns anxiously waited for possible
inundation.
Bull Creek last night reached its
crest at Sterling after entering sev
eral store buildings and filling
basements. Today the water was
receding. Sterling is believed in no
danger from waters of Cow creek
which still threatens to invade the
fashionable North End district at
Hutchinson.
'Father’ of Serial
Pictures Dies From
Stroke Paralysis
LOS ANGELES, July 12.—(JP)—
Francis J. Grandon, known as the
"father of the serial motion picture,”
died in the psychopathic ward of a
hospital here yesterday. He was 50
years old. A third stroke of paraly
sis caused his death, the hospital
report said.
Grandon came to Los Angeles in
1902 as a traveling player, and
soon rose to prominence as a di
rector in the silent drama. In 1925
Grandon disappeared for several
weeks and was found by Webster
Cullison, another director, in a hos
pital at Portland, Ore., victim of a
paralytic stroke.
Grandon was credited with train
ing many present-day stars in their
early film experience, including
Mary Pickford, Mme. Olga Petrovia,
Edmund Breese rnd others. He
had been connected with the old
Biograph company, Lubin. D. W.
Grifftih’s Triangle films, Majestic
and Selig. ' i
I
Mission Man
(Continued from Page 1)
H. C. Vincent, brother-in-law of
the slain man, arrived from Fort
Worth in time to attend the fun
eral. Latham came to the Valley
several years ago and served as
city marshal at Donna for two years.
He was employed at Miller Broth
ers’ nursery at the time of his death.
Deckard alleged that Latham at
tempted to hit him with an iron
bar. The bar, Latham said in a
signed statement, was used by him
to knock the bars from a door at
the pound to release the dog under
question.
Lathan was said to have been
shot during an altercation.
•
There were no notices of inten
tion to marry filed in the office of
the county clerk during the past
24 hours.
Marriage licenses were issued to:
E. F. Sanders and Beulah San
ders, Juan Martinez and Angela
Sanchez.
SHERIFF RETURNS FROM
SAN ANTONIO MEETING
______
Sheriff W. F., Brown was back
in his office Friday after a trip to
San Antonio for the annual state
sheriffs’ convention. The sheriff re
ported “big doings” by the state’s of
ficers, and a general good time.
N. O. SPOTS
NEW ORLEANS, La., July 12.—(ff)
—Spot cotton closed steady, 7 points
up. Sales 376; low middling 17.01;
middling 13.51: good middling 19.16;
receipts 413; stock 94,191.
Iram
the finest
Sugar Cane.
Conveniently Packed
in 5-10 and 25 lb. Bags
at your Grocers
__ t
— — ■ l—ll n I - --
Buy IAlPERIAL-AfARKED Packages—Convenient Sizes
WfwiitJmnh.
-it-fwuWL
A oencas
largest selling salt
because itprevents simple soiter
#
Specials for Saturday at All I. G. A. Stores
uSHREDDED WHEAT..10c
■| Stringiess Beans
J VaUey 0 No. 2 0 £| ft [
Pack .md Cans
1 MAYONNAISE ~l 33c J
! GRAPE JUICE 2l"««52c |
I PALM OLIVE SOAP... 7c|
ij' JELLO Flavor*.7y2c
| PEARS ss. 19c |
| CHERRIES SS.18c|l
j SANI FLUSH .... 19c J
ft MILK ' Carnation 3r.u.14c'I
^Jersey Corn Flakessd Oc ft
^Apricots s-VcT*..18c|[
I POST BRAN .... 10c j|;
PRESERVES .27c ft
Delicia Sandwich Spread ft
„ 2 ?.‘"24c §
gGINGER ALE~3“""50cfi'
~ RICE FLAKES - I Oc ft
3s....62c |
IVORY
AND BLUE ’
FRONTS
Independent C^rfSljancef^H^r
. %
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