Brownsville herald. [volume], July 16, 1929, Noon Edition, Page TWO, Image 2

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

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Today’s Markets
LAST MONTHS
OPEN HIGHER
\
Steady Cotton Ma rket
a
Shows October Un
changed
■NEW ORLEANS. July 16.—TP)—
^'he cotton market opened steady
with October unchanged but later
months 2 to 7 points up. As cables
were better than due, the market
continued to improve after the start.
Rains helped the advance.
October traded up to 17.98 and
December to 18.20 or 15 to 16 points
above yesterday’s close. At the end
of the first hour the market was
steady and near the highs.
N. Y. COTTON
NEW YORK, July 16.—^—Cot
ton opened steady at an advance of
3 to 7 points. The inactive month
of September showed a gain of
15 points on covering by recent sell
ers and some buying which ap
peared to be influenced by opinion
that a favorable weekly -weather re
port had been discounted by Yester
day’s decline.
October sold up to 13.14 and Jan
uary to 18.35, making net advances
of about 15 to 19 points but the
market lost a few points cf this ad
vance under realizing by the end
of the first half.
N. Y. SPOT OPEN
NEW YORK, July 16.—Cot
ton opened steady. July 17.62; Oct.
17.99; Dec. 18.30; Jan. 18.23; March
18.48; May 18.58.
San Benito
— TOMORROW —
Belli frfment
of rapturous
sound and
pictorial
beauty! Year
heart will
tingle with the
thrilling rendition
of its throbbing
melodies and so
norous grandeur of
this turnons stage
play brought to
the screen with
boundless inagnid
cenee!
With John Holes
nnd
Carlotta King !|
— Last Day —
“BEHIND TJdAT
CURTAIN”
Earl Derr Biggcrs
biggest best seller.
Now a talking sensa
tion. A Scotland
Yard love mystery.
With
Warner Baxter
Lois Moran
IRREGULARITY
OP S MARKET
Rails Still Up, Pan-American
Offering 12,500 Shares
At 62, 1-4 Higher
NEW YORK, July 16.—•/F)—Fur
ther irregularity developed at the
opening of today's stock markt, with
the rails still pointing upward. Pan
American B opened with a block ol
12,500 shares at 62. up 1-4. Read
ing opened a point higher at 125
a new high, and Kansas City South
ern recorded a similar gain. Colum
bia Carbon dropped 3 1-2 points
and General Electric 1 1-2.
Marking up of the call money
rate from 9 to 12 p:~ ce: yester
dav with indications the stringency
would continue for a few days, tend
ed to restrict bullish operations in
the industrial and pub’ utility
shares. Some profit-taking also de
veloped among the recent railroad
leaders, particularly New York Cen
tral, Atchison and aCnadian Paci
fic, but the general rail group surged
forward.
New high records for the year, or
longer, were established in the first
few minutes of trading by Txas &
Pacific, Pennsylvania, and Southern
Pacific. Lackawanna Reading and
Illinois Central all advanced a
point or more.
Revival of activity and strength
in the oil shares also attracted at
tention in early trading. Pan-Amer
ican B changed hands in large vol
ume. and General Asphalt crossed
89 to a new high record.
Auburn Auto jumped nearly 8
points and Eastman Kodak, Ameri
can Car & Foundry, Consolidated
Gas and Gillette Safety Razor rec
orded early gains of a point or two.
Foreign exchanges opened steady
with cables unchanged at $4.85 1-32.
Liverpool Report
Causes Setback In
Early Wheat Value
CHICAGO, July 16.—</P)—Influ
enced by failure of Liverpool quo
tations tc reflect fully price ad
vances on this side of the Atlantic,
early wheoo values hers underwent
matrial setbacks today Dispatches
from Liverpool averted belief up
turns had been too fast, and this
promoted heavy selling here, large
ly to realize profits.
Opening at l-8c to 1 l-2c off. Chi
cago wheat fluctuated rapidly, with
an irregular downward trend. Corn,
oats and provisions averaged lower
also, corn starting unchanged to ic
up, and subsequently showing a de
cided drop.
N. O. SPOT OPEN
NEW ORLEANS, July 16.—t/T*!—
Cotton opened steady. Jan. 18.03;
March 18.28; May 18.33; July 17.40
, bid: Oct. 17.83; Dec. 18.05.
Mttmann
“THE RIVER
PIRATE”
_ With —
Victor McLaglen
Lois Moran
The sensational Satur
day Evening Post Serial
EDUCATIONAL
COMEDY
gjSOHBS
— Now Showing —
LEATRICE JOY
— In —
“The Bellamy
Trial”
Thrilling — Mysterious
— Also —
CHRISTIE COMEDY
UNIVERSAL WESTERN
Admission 10c — 15c
_ -—--- _ .. .
. TITLE INSURANCE
When you borrow money on real estate, many loan companies re
quire the title to ‘be insured. The best test of whether a title is
insurable, is to have it insured. Require a title insurance policy
j when you buy.
VALLEY ABSTRACT COMPANY
Prompt Title Service
Brownsville Edinburg
Opposite Court House E. Harriman Z’vd.
Phene 1184 Phone 93
Jones Transfer & Storage Co. Inc.
Distributing, Storing, Moving, Crating
and Shipping
Daily motor Freight and Express Service
between all Valley points
Bonded Warehouses at
Harlingen — Edinburg — Brownsville
Phone 3 Phone 3 Phone 787
GENERAL WELDING
Radiator Repair Lawn Mower* Sharpen
_ ... ed — Repaired and
Specialists for Sale
Duplicate Keys
We make duplicates of any kind of keys
Re Ho”fer T. J. ROMMER
AMENDMENT
(Continued from page 1.)
argue that the state’s governors are
penalized in that they are forced
to bear many expenditures out of
their own pocket and at the same
time could be making more money
were they working for themselves.
They add that college presidents,
the state highway engineer and sev
eral department heads make annual
salaries from $7,500 to $10,000 per
year.
The amendment to Increase the
membership of the supreme court
was the chief issue in Gov. Moody’s
court reform platform and since it
is suported by leading jurists and
members of the bar over the state,
it is felt it has a fair chance to be
passed. It would require no addi
tional expense, as the present six
assistants employed would no longer
be needed and their six successors
who would be made members of
the court would draw the same sal
aries.
The only additional question to be
decided in Car<\°ron county is in
the Rangerville precinct, which will
vote on an issue of $35,000 bonds for
the erection of a new school build
ing.
EXPECT LIGHT VOTE
ON 2 AMENDMENTS
AUSTIN. Tex.. July 16.—(A*)—Tex
as voters went to the noils today to
ballot cn two proposed amendments
to the constitution, one of which
wuld increase the gvernr's salory to
$10,000. The other proposal would
provide for a supreme court of nine
members sitting the year round.
The governor’s salary has never
been increased since the constitution
was written, and the chief executive
has ben hard oj-essed in recent years
to make $4,090 nay his expenses.
The sunreme court proposal would
abolish the present commission of
appeals and would make the court
large enough to clean up the cases
now before the court and keep up
with new anneals as they come up.
Many of the legislators will be
vnabl" to express their preference
at the ballot box unless they cast
absentee votes, since they are still on
the job in Austin after more than
four months of law making.
Observers predicted there would
he a light vote. It was pointed out.
however, that the fewer the votes
the better chance of carrying the
amendments. The State Bar asso
ciation has been active, especially
for the supreme court amendment.
LIVERPOOL SPOTS
LIVERPOOL. July 16.—(VP)—Cot
ton-spot ouiet: lower: American
strict good middling 10.87; good
middling 9.77: low middling 9 47;
strict good ordinary 9.07; good ordi
nary 8.67. Sales 5,000 nales. 3 600
American. Receipts 7.000, Amerean
nil. Futui s closed quiet and steady:
July 9.73; October 9.65: December
9.65; January 9.66; March 9.71; May
9.73.
150 HOMESEEKERS IN
VALLEY THIS WEEK
(Special to The Herald)
HARLINGEN, Julq 16.—One hun
dred and 50 homeseekers are in the
lower Rio Grande Valley this week.
Th business was about evenly di
vided between the two railroads,
each reporting 75 visitors.
SAN BENITAN WINS
TWO TENNIS CUPS
(Special to The Herald)
SAN BENITO. July 16.—Gordon
Thomas, who graduated here this
spring, won two silver loving cups
in the Colorado state tennis tourna
ment just concluded, according to
reports received here.
McALLEN
LAST TIMES
TOMORROW
She
Talks
Sings
Dances
with
Charles Delaney, Sally
Eilers, Marion Byron,
Fred Kohler
— Also —
ALL TALKING COMEDY
And
*
Jennie tv angel v,; i:na. inset, ird
three of his four children, all victims of an axe-slayer for whom De
troit police are seeking. The bodies of the six Evangelistas were
found brutally hacked in their home. Police believe the slayer to be
a religious maniac.
SAN FRANCISCANS TO
ATTEMPT NEW RECORD
SAN FRANCISCO. Calif., July 16.
—(/?)—An attempt to break the
newly established endurance flight
record of 246 hours, 43 minutes, 32
seconds was in progress here today.
The monoplane San Francisco,
piloted by Bartlett Stephens, acting
superintendent of Mil’s Field, mu
nicipal airport, and. Fred McKinley,
San Francisco flier, entered its 16th
hour in the air at 1:14 a. m.. having
taken off at 10:15 a. m„ yesterday.
Four contacts were made with the
endurance plane last night by its
nurse ship, the Californian, piloted
by Den Templeton and James War
ner. The latter was the radio oper
ator cf the mononlanc Southern
Cross on its flight from Oakland to
Australia last year. Gasoline and
supplies necessary to keep the San
Franciscan up throughout the night
were transferred.
Stephens and McKinely cxoect to
get some sleep during their flight. A
mattress wras put aboard the ship
at the start. They hope to remain
in the air 300 hours or more and
promised that if they passed the
300th hour they would fly their
7.- ---
plane ‘‘until it falls to pieces in the
air.”
ST. LOUIS ROBIN UP
FOURTH DAY IN TEST
ST. LOUIS. July 16.—(/P)—Cruis
ing over Larr.ber-St. Louis field, the
“St. Louis Robin” monoplane' at
7:15 a. m. today began the fourth
day of its flight to test the engine.
A refueling contact was made at
that hour.
The manufacturers sponsoring
the flight, announced a second en
durance plane would be sent aloft
today or tomorrow for another test.
Company officials still said it was
not the purpose of the flights to
seek to break the existing endur
ance record of 246 houi«, 43 min
utes.
THREE DROWN AS CAR
SWEPT FROM BRIDGE
MEXICO CITY, July 16.—(/Pi
Three persons were drowned and
three others believed drowned when
the Rio de Los Remedios converted
into a torrent by rains washed an
automobile containing six person
off a bridge at San Bortolo Nau
calpam near here.
Now Now
S?~vnng Har3'i:.-cn Showing
Prepare yourself for the surprise of your life
you see and hear Biliie Dove in “Careers”
— Added —
Talking Comedy and News
Cool
Today
T omorrow
%
From the
Famous
Stage
Success
* i . - • •
- 1 %
PARAMOUNT NEWS ^
• * • *
Don’t Forget — Bargain
Matinee, 40c
New Orleans Street
Cars In Operation;
Strike Not Settled
NEW ORLEAN3, July 16.—</P)—
Daylight operation of street cars
went ahead today under federal
guards without indications of any
settlement of differences between
the street car company and the em
ployes who walked out of their jobs
July 2.
The service began yesterday with
15 cars on the St. Charles-Tulane
belt route before the curious gaze
of hundreds and with a fair sized
number of paid fares. The test was
carired out in the absence of a sin
gle disturbance.
The cars were put up in the
barns before darkness fell.
Twenty-four service will be re
sumed when federal authorities
feel assured the stage of possible
violence g passed, ;: :d Victor Loi
sel, United States marshal, charged
with enforcing the federal injunc
tion retraining intimidation ot
workers and molestation of proper
ty.
A citizens committee for a week
has sought to bring New Orleans
Public Service, Inc., into negotia
tions with the union.
RITES FOR EDINBURG
WOMAN TO BE TUESDAY
(Special to The Herald)
EDINBURG, July 16.—Funeral
services for Mrs. G. W. Stanton, who
died at her home near Edinburg
Friday afternoon, will be held from
the Edinburg Christian church 3
p. m., Tuesday, Rev. T. C. McIntyre
of the Christian church, officiating.
Mrs. Stanton and her husband
came to the Valley in 1913, living
here until tw'o years ago, when they
moved to Alvin.
Surviving the deceased are seven
children. Mrs. Mabel England of
Edinburg, M. J. Stanton and Mrs.
Jennie England of Spencer. Iowa;
Mrs. Stella Andrews of Tenmare
N. D.; Mrs. Alice DePue of Conlie.
N. D.: and E. E. Stanton and Mrs
Elsie Hamsin of Clinton. Minn.; *
sister. Mrs. Permelia Betts, at Lons
Mount, Coio.; and her husband
George Stanton, who is a farmer re
siding at Alvin.
COSTE POSTPONES
ATLANTIC FLIGH1
PARIS. July 16.—</P)—Dieudonm
Coste probably will not make an
other attempt during this year b
flv across the Atlantic. He has no
abandoned his plan, but when ask
ed when it might be carried out hi
replied laconically, “There is m
i hurry.”
Friends believed that in view' o
I the disinclination of the Frencl
government to permit further trans
atlantic flying, he would not tr
again until next year.
U. S. FLYERS GUESTS
OF ITALIAN RULEF
SAN ROSSORE, Italy, July 13.
(/P>—King Victor Emmanuel of It
aly today received Captain Lewi
Yancey and Roger Q. Williams
American trans-Atlantic aviators ii
an audience and congratulates
them on their achievement.
The king talked with the path
finder fliers in perfect English. Ht
entertained them at lunch in ths
royal lodge, with General Itals
Balbo, under-secretary for avia
tion.
Man Is Fined $100
Following Crash on
Highway Sunday
George E. Aschbacker, 43, who
Sunday night was arrested and
charged with reckless driving, Mon
day afternoon was fin vi $100 and
costs in a trial before Justice of the
Peace B. L. Cain. Aschbacker paid
the fine and w-as released. He lives
at Harlingen.
The reckless driving charged was
filed after an accident on the high
way one mile out toward San Be
nito. The light sedan driven by
Aschbacker crashed into the rear
of a truck carrying four men. Asch
backer’s car was demolished, and
his brother, Eugene, was carried to
Mercy hospital with severe scalp
wounds which necessitated several
stitches.
The Aschbacker wreck wTas the
last of three which took place over
the Valley Sunday. George Cham
pion of Brownsville suffered two
broken ribs when his car overturned
near Barreda. It first was feared
there might have been internal in
juries but x-ray photographs re
vealed only the rib fracture, and
physicians did not feel it was neces
sary to remove him from his home
to the hospital.
Neamon Tibbetts and W. E. Cliff
were carried to the McAllen hospital
as a result of injuries sustained
when their car skidded off the pave
ment and overturned as they at
tempted to pass another car. They
gave their addresses as Oklahoma
City and Port Arthur.
Eugene Aschbacker was released
from Mercy hospital late Monday,
and departed for San Antonio, his
home. »
MRS. FINDLEY’S BiODY
SHIPPED TO INDIANA
(Special to The Herald»
SAN BENITO. July 16.—The body
of Mrs. Lorene Findley, wife cf
Floyd M. Findley, who died at tho
Mercy hospital Saturday, was slop
ped from the Thompson mortuary
here Sunday night to the old iamily
home in Franklin. Ind.
The deceased, who was 23 years
old, is survived by her husband and
three young children. A orief serv
ice was held at the Thompson cha
pel here Sunday afternoon, with
Rev. C. E. Cummins in charge.
FLYERS TO LEAVE k
ROME FOR PARTIS
ROME. July 16.—(/P)—The Amer
ican trans-Atlantic aviators. Cap
tain Lewis A. Yancey and Roger
Q. Williams, are expected to land
at Littorio airdrome before dark
from Turin and Northern Italy
where they visited yesterday and
this morning.
They will fly their plane, the
Pathfinder, to Paris at 5:00 a. m.,
tomorrow, arriving at Le Bourget
at noon.
Every German smokes a average
of 300 cigars and 700 cigarets a year,
statistics say. __
Trust Powers
A distinct honor hac been conferred upon
this Bank by the Federal Reserve Board having
granted us fiduciary powers. It gives us the priv
ilege of acting as Trustee, Executor, Adminis
trator, Registrar of stocks and bonds, Guardian
of estates, Assignee, Receiver, or in any other
fiduciary capacity.
•
This is the only National Bank in the Val
ley designated by the Federal Reserve Board
to act in this capacity. Our Capital and Surplus
of over $500,000.00 assures capable handling
of all matters entrusted to us.
) I
f
; LET US SERVE YOU
1
! MERCHANTS
NATIONAL BANK
9R.OW N S VlLLE • - T EXAS,
>
~1T
— • —B—MB————■ i
How Modern
Is Your
Home~ zzr~
P No present-day home is
* thoroughly modern unless it
is equipped for the use of
'. ~ "■ — GAS. Gas is so far ahead of
--— any other fuel for cooking
and heating purposes that it
has become indispensable in
the modern home. That
spare room or apartment
will rent much easier if it is
piped for gas, too. Let us
estimate the cost of laying
your yard line—today! *
f •• 1
J \ 1
You will find Rio Grande 9
g Valley Gas Company stores ■
| and service in almost every H
J| town in the Valley. Com- g
1 picte line of gas appliances. ff |
I Rio Grande Valley *