Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, July 19, 1929, Image 9

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Brownsville herald. [volume], July 19, 1929, Page NINE, Image 9
About Brownsville herald. [volume] (Brownsville, Tex.) 1910-current

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Brownsville herald. [volume] (Brownsville, Tex.), 19 July 1929. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn86063730/1929-07-19/ed-1/seq-9/>

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LATE MARKET REPORT
TRUCK MOVEMENT—STOCKS—COTTON—GRAIN—LIVESTOCK —POULTRY—EGOS
———■■■ !■ — — - — ■■■ mmmim ■■ ■ ■ ■ — M ———————KM
COTTON MART
IS IRREGULAR
Cables Come In Better Than
Due, But First Trades
Show Loss
\ Mew ORLEANS, July 19.—(F—
The cotton market had a rather ir
regular and lower opening although
cables came In better than due.
First trades here showed losses of
6 to 8 points but prices recovered 5
to 6 points. A little later prices
eased of? on favorable weekly re
views of the Texas and Oklahoma
crops.
October traded down to 18.65 and
December to 18.86, or 11 points un
der yesterday's close. Near the end
of the first hour prices showed
signs of a moderate rally, recover
ing 5 points from the lows.
The market experienced a sharp
upturn about the middle of the
morning, prices advancing S2.5C
above early lows, October trading
up to 19.15 and December to 19.36,
or 50 to 51 points above the lows
and 39 points above yesterday's
close.
At mid-session, the market was
somewhat quieter, about 5 to 7
points under top.
N. O. I rURES CLOSE
NEW ORLE.' NS, Juy 19.—UP)—
Cotton futures closed steady at net
advance of 28 to 39 points.
Prev.
2 ieh Low Close Close
Jan. .. 19.52 18.87 19.28-B 18.90
March 19.6? 19.04 19.49 19.13
May .. 19.38 19.16 19.60-B 19.22
July .. 18.57 18.42 18.70-B 18.41
Oct. .. 19.26 18.Cl 19.05-08 18.76
Dec. .. 19.48 18 85 19.25-23 18.97
Opening: Jan. 18.85-B; March
1905-B: May 19.14-B; July 18.33-B;
Oct. 18.68; Dec. 18.88.
N. Y. COTTON
NEW YORK. July 19.—T/P)—Cot
ton opened steady at a decline of 5
to 7 points under renewed liquida
tion and some local and southern
selling attributed to a better view of
the weather map and slightly easier
cables. October sold off to 18.79 and
January to 19 00 during the first few
minutes making net declines of 13
to 14 points on the more active
month. These prices brought in
buying from the trade or commis
sion house sources, and the market
was quiet but barely steady at rallies
of a few points from the lowest
around 10:30 o’clock.
The market was quiet later with
prices holding fairly steady, al
though rallies to about yesterday's
closing quotations were not fully
maintained. At midday active
months were about 4 to 8 points net
lower with October selling at 18.84
and January 19.07.
Futures closed steady. 27 @38
points higher. Spot firm; middling
w 19.20.
COTTON FUTURES CLOSE
NEW YORK, July 19.—(F—Cot- j
ton futures rTcjgd:
Prev.
High Low Close Close ;
Jan. .. 19.64 19.00 19.41 19.41 j
March 19.81 19.20 19.60 19.28
May .. 20.00 19.35 19.78 19.40
July .. 18.98 23.44 18.85 18.50
Oct. old ’9.45 18.95 19.27nomll9.00 I
Oct new 19.43 18.79 19.22-24 18.92
Dec. .. 19.74 19.06 19.50-52 19.19
Opening: Jan. 19.08; March 19.21;
May 19.35; July 18.44; Oct. (old)
18.95; Oct. (new' 18.87; Dec. 19.13.
LIVERPOOL SPCTS
LIVERPOc i, July 19.—(F—Cot
tc.i spF limited demand; higher;
American strict good middling
11.34; good middling 10.94; strict
middling 10.74; middling 10.54;
irtrict low middling 10.24; low mid
dling 9.94; strict good ordinary
0 r-»; good ordinary 9.14. Sales 4000
bales, 3G00 American. Receipts 2100,
/ all American. Futures closed quiet
and steady. July 10.13; October
10.04; December 10.04; January
10.04; March 10.08; May 10.09.
WHeat Slumps As
Rain Is Reported
In Canada Areas
—«—
CHICAGO, July 19.—(F—Influ
enced by reports of rain in Canada,
wheat here turned downward today
after an early advance. Buying
power was lera in evidence than of
late, and despite unfavorable crop
reports from Canada as well as un
expected higher quot:.Jlons at Liv
erpool the market here went sharp
ly below yesterday's finish.
Starting unchanged to 11-2
higher, Chicago wheat scored mod
erate gains all around, and then
tumbled. Com and oats followed
-heat, with corn starting un
changed to l-2c higher, but later
receding. Provisions tended up
ward.
^ FORT WORTH CASH GRAIN
N. PORT WORTH, Julq 19.—(F—A
further break of five cents per
bushel today followed the Thursday
decline of about 3 l-2c In the value
of wheat on the Fort Worth cash
grain market. Despite the embargo
at Galveston to become effective
Saturday night, dealers here were
still taking all wheat offered at the
recessions. Fair demand was also
reported for other grains.
Export grain: Exporters bid as
follows, basis delivered Texas Gulf
ports: No. 1 ordinary export wheat
U33@1.34; No. 1 soft red mixed 1.33
®i.34j No. 2 barley 1 l-2c off at
73 @74.
‘ Milling wheat: Mills bid as fol
lows, basis delivered T. C. P., No. 1
hard milling 1.35@1.36; 13 per cent
protein 1.39 @1.401-2; 14 per cent
1.44® 1.45 ( 14 per cent 1.48@1.49; 16
per cent 1.52® 1.53.
Dealers bid and offers on other
grains basis delivered T. C. P.:
Com: lc lower. No. 2 mixed 1.13
@1.14; No. 2 white 1.18 1-2@1.19 1-2
No. 2 yellow 1,20 1-2@1.211-2.
Oats; unchanged.
Barley: 1 to ll-2c lower. No. 2
barley 74@75.
Sorghums: Nominally unchanged,
offers light; good demand. No. 2
Milo per hundred pounds $1.80 @1.85
No. 2 kaffir 1.65 @1,75.
| LIVESTOCK |
KANSAS CITY, July 19.—{&)—
Hogs: 4.500; strong to 10c higher;
top $11.85 on 190-220 lbs.; packing
sow $9.25 @10.50.
Cattle: 1,000, calves 300; fully
steady; slaughter steers, good and
choice 1300-1500 lbs. $14.00016.25;
1100-1300 lbs. $13.75016.25; 950-1100
lbs. $13.25 0 16.00; fed yearlings,
good and choice 750-950 lbs. $13.25
@15.75; cows, good and choice $8.25
@11.50: vealers (milk-fed) medium
to choice $9.00014.50; stocker and
feeder steers, good and choice (11
weights) $1125013.75.
Sheep: 3.000; lambs steady to
strong; sheep steady; lambs, $14.25
@15.25; ewes $5.25@7.00.
CHICAGO, July 19.—(A*)—Hogs:
15,000; 10 to 15 higher; packing
sows 9.85 0 10.90; pigs 10.75012.23.
Cattle: 1,900; calves: 1,000; slaugh
ter steers, good and choice 1300-1500
lbs, 14.50@16.50; 1100-1300 lbs 14.25
@16.50; 950-1100 lbs. 13.75@16.40;
cows, good and choice 8.75012;
vealers (milk fed) $14.25017.
Sheep: 9,000; steady to strong;
lambs 14.25 015.25; ewes 5.5007;
feeder lambs 12.50@13.75.
FORT WORTH, July 19.—(A5)—
Hogs: 800; railhogs higher; truck
hogs steady; top $11.65 for good to
choice 200-220 lb. butchers; light
rail hogs 11.25 011.45; 180-240 lb.
truck hogs 10.80011; packing iibws
9.25010; feeder pigs 909.50.
Cattle and calves: 2,5500; steady;
slaughter steers 9.40014.35; cows
7.75 08.25; bulls 708.25; yearlings
12 and less; light vealers 14.2;
heavies 12.25 and less.
Sheep; 600; steady; 2-year-old
wethers 8.75; goats 4.50.
FOREIGN EXCHANGE
NEW YORK, July 19.—(A5)—For
eign exchanges easy.
Great Britain, demand $4.84 1-2;
cables $4.85; 60-day bills on banks,
$4.79 13-16.
France, demand 3.913-8; Italy
5.22 5-8; Belgium 13.89; Germany
23.811-2; Tokyo 45.85; Mpitreal
99.67 3-16.
BFTTER AND EGGS
CHICAGO, July 19.—(A5)—Butte*
and eggs unchanged.
N. O. COTTON OPEN
NEW ORLEANS' July 19.—(A*)—
Cotton opened steady. Jan. 18 81
E11; March 19.05- id; May 19.14
Bid; July 1833-Bid; Oct. 18.68;
Dec. 18.88.
rr~~~ 1 •
STOCK MOVES
IRREGULARLY
Market Opens Lower, With
General Electric Drop
ping Two Points
NEW YORK, July 19. — (/P) —
Stock prices moved irregularly low
er at the opening of today’s stock
market. General Electric dropped
2 -ants on the first sale and Amer
ican Telephone and Hartman cor
poration about a point .:h. Gil
lette Safety Razor advanced 1 1-4
points. Trading was relatively light
in volume.
Renewde bidding for U. S. Steel
common, based on unconfirmed re
ports of a 2 for 1 split up and a
higher dividend at the next meeting,
which carried the stock above 205
to a new high record, and prices of
many popular shares, such as Amer
ican Can. Radio and Sears Roebuck
worked higher.
Establishment of a new high rec
ord by Federal Reserve brokers’
loans, although the gam of $58,000.
000 caused little surprise, brought
some selling into the market by ner
vous investors and traders.
New high records were established
by Bullard Co., and engineers Public
service. American Radiator, Union
Pacific and National Bellas •-less
also were conspicuous in the early
up-swing. On the other hand.
Wright Aeronautical, United Air
craft, Comercial Investment Trust,
St. Louis San Francisco, Delaware &
Hudson and Great Northern pre
ferred quickly yielded a point or two.
Foreign exchanges opened steady,
with cables unhanged at $4 35.
The close was firm. Total sales
approximated 4,100.000 shares.
N. Y. COTTONSEED CLOSE
NEW YORK, *.tly 19.—Cot
tonseed oil closed firm ’-rime sum
mer yellow 980-1025: prime crude
787 1-2-800. .Tan 994: Feb. 695;
July 985; Aug. 980: Sept. 994; Oct.
995; Nov. 980; Lee. 994; Sales 8500.
N. O. COTTONSI ' CLOSE
NEW ORLEANS. July 19.—C/P)—
Cottonseed ell closed firm; prime
summer yellow 830; prime crude
787 1-2-880. Jan. 899; Feb. 900;
March 900; July 870: Aug. 875;
Sept. 885; Oct. 883; Nov. 885; Dec.
890.
Saturday, July 20 Saturday, July 20
.
_
house dresses Ward's have prepared for this event in a big way. WeVe gathered here fine
Special for Dollar Day quality merchandise at marvelously low prices. Every item offers unusual
sayings to you. We’re proud of these bargains, their splendid quality and low
and attractive colors- prices, and we know crowds of thrifty customers will be here early Saturday to
Sizes 14 to 20. $1.45 values. r*. i_ .1 • J J
____ protit by these savings.
I t I I A .. ———■ - 1 ■ 1
Little Boys*
Fruit of the Loom
y*/ash Suits
Regular
$1.50 Values
_ T
SlPECTAL AT
These are regular $1.50
values—in several cun
ning styles —- printed
blouses and solid color
ed pants attached. Re
inforced at st r a i n
points, no raw edges.
Tub beautifully.
Wonderful Values
Aluminum and StyIes
Tea Kettles «..... Women’s Hats
- Dollar
$jB Special ^ ||
Choice at JL
Double Boilers. Bobbed Head Sizes
I Larger Head Sizes
- 1 Fine straw weaves, hairbraids
■ . . . smartly trimmed with
| tailored and dressy effects—
y flattering large and small
■ shapes. Ideal for immediate
- 42-INCH GL1KIO - ■ _
UMBRELLAS PILLOW TUBING TUBjFAST PRINTS MEN S HAND
Seamless 36 inches Wide I KtKLHILrS
Special Dollar Day Famous Longwear quality; Famous dress prints in wide col- Hemmed 17 H inches
bleached pure white; long, de- or and pattern range; soft silk- Square
Women’s and men’s made pendable like Better quality white cot
of good quality ooiton. wear. • 4 yds. for finish. 3 yds. for ton. Dollar |2 f
Longwear Quality | Colored Ruffles KoteX, regular KolvilOS,
81-inch width — for dou- Rayon hemsetiched fast color 0.* « - 5 CA a L
We beds; , ruffles; medium fine voile; I «MrC oize, o lOf 3, DUC tubes • •
cream color. 2,Vfe yds._| launder beautifully. JBk. ____
I CORSAGES 1 COLORED RED WORK l"~ I
spertal V.Ira FOUNTAIN PENS HANDKERCHIEFS . , , . ,
Bright and smart for every I v_ln_ 17x17inches ■ Vlen S high grade
costume-realistic- Regular & Value Good standard quality bandana rT • or
ally arranged 4 for Non-breakable barrel; 14-k. gold handkerchiefs; hemmed. As- Unions- 2 for . . .
6 I point—gold filled pocket clip; sorted 18 f 1
M< INTGOMERY WARD & CO.
129 No. l«t Street Phone 434 Harlingen, Texas
♦
# _~
MARKETS AT A j
GLANCE
i ■■ ■ •
NEW YORK, July 19.—(A*)—
Stocks strong; U. S .Steel new high.
Bonds mixed; American I. G. Chem
ical 5 l-2s soar. Curb irregular;
Proctor and Gamble up more than
30 points. Foreign Exchanges easy;
sterling cables down to $4.85. Cot
ton strong; continued unfavorable
weath. Sugar easy; commission
house selling . Coffee quiet and
steady.
CHICAGO: Wheat weak; rains in
Canada. Corn easy; fine weather.
Cattle steady. Hogs higher.
U. S. BONDS
NEW YORK, July 19.—(JF)—Gov
ernment bonds: Liberty 31-2, 32
47, $96.28. 1st 41-4, $99.3; 4th 41-4,
$99.8; treasury 4s, 44-54, $103.2,
N. O. SPOTS
NEW ORLEANS Juy 19.—(JF)—«
Spot cotton clocet steadt 23 points
up. Sales 1183; low middling 17.75;
middling 19.25; good middling
19.90; receipts 171; stock 81,850.
TEXAS SPOT
DALLAS, July 19. —(£»)— Spot
cotton 18.75; Houston 19.15; Gal
veston 19.25.
POULTRY
CHICAGO, July 19 —i/P)—Poultry
steady; hens 27 l-2c express, 28c
freight; leghorn broilers 1 l-2c up.
26 l-2c; heavy ducks 21c; small
ducks 19c; spring ducks not quoted.
160 GIRL FARMERS ENROLL
LONDON. — Studley college has
enrolled 160 girls who are going to
study farming.
N. Y. COTTON OPENS
NEW YORK, July 19.—(/P)—Cot
ton opened steady. July 18.44; Oct.
18.87; Dec. 19.14; Jan. 19.07; March
19.21; May 19.35.
CALL MONEY
NEW ~ CRK, July 19.—f/P)—Call
money steady; high 8; low 7; ruling
rate 8; close 7.
Time loans -toady; 30 days
7 3-4-8; 4-6 months 7 3-4-8.
Prime commercial paper 6.
Bankers’ acroptances unchanged.
ARREST WOMAN, 60,
ON LIQUOR CHARGES
PINE BLUFF. Ark., July 19—(/n
—A sixty-ycar-old woman, three of
her children, and a daughter-in
law, were arrested here today on
charges or transporting liquor. The
five, Mrs. Ella Long, the mother;
Lester or.j, E. Long, and his wife.
ad Y/illie B. Long, v ore taken
into custody after an automobile
chase during wh; h they were al
leged to have broken up several
ccr’rin r- of wi hkey.
WOMEN BOOTLEGGERS
OBJECT TEXAS HUNT
TEXARKANA, July 19.—(/PV
The war on women bootleggers in
Texarkana swung across the state
line into Texas today as county of
ficers adopted the slogan of fed
eral raiders working in Miller
county. Ark.,—"Find the Woman."
The first skirmish in Texarkana,
Tex., resulted in the capture of a
stockingless flapper, 20 years old
and a mother of two children.
Both were held for the grand jury
on charges of possessing liquor
for sale. Thev heard Justice G. W.
Ragland deliver a scathing de
nunciation of the female boot
legger.
WARNING ISSUED
AGAINST TYPHOID
AUSTIN. Juy 19.—( .)- In an ef
fort to check the spread of ty
phoid fever in many sections of
the stu1'v Dr. J. C. /nderson, state
7 .1th office:’, today urged im
mmizalijn t-r.lment by ' ldivid
vils and cautioned officials in
charge of water to guard against
crntanv'nation of th* upply.
The disease has reached t, idemic
form at Win’ . ’'cKinney rnd Junc
tic.1, the state heal" officer said
he x. is c -'’’iced.
VISITING ROTARIANS
AT EDINBURG MEETING
(Special to The Herald)
EDINBURG. July 19.— Four vis
iting Rotarians, R. H. Ward, of
San Benito, H. A. Shannon, Donna,
A. B. Waldron, Harlingen, and
Gregg Wood, Mission, were guests
at the regular weekly luncheon of
the Edinburg Rotary club Thursday
at the Methodist church.
President Kirkpatrick read reso
lutions passed at a meeting of vol
unteer firemen representing cities
in the Fifth District of Texas, held
in Donna July 9, which were voted
for endorsement.
Miss Maryel McGruder of Mis
sion gave readings, and Dr. G. E.
White spoke briefly.
A WORD TO WIVES
ENFIELD, Eng.—Magistrate J. C.
Carlin decided in a case before him
that a husband has the right to
return to his home at any time o’
night.
RICE GROWERS REELECT
BEAUMONT PRESIDENT
BEAUMONT, Texas, July 19.—m
—Capt. A. H. Boyt, of Beaumont,
has been re-elected president of the
Americfta Rice Growers’ association.
Other officers are H. G. Patterson
of Vinton, La., vice president; 3.
Arthur Knapp, treasurer, and Ho
mer L Brinkley, secretary-manager.
%
Lloyd Davidson
Murder Case Is
In Jury’s Hands
CORSICANA, Texas, July 19.—<£>)
—The case of Loyd Davidson,
charged with slaying his father, W
T. Davidson, at the latter’s farm
home, was given to the jury at 12:40
p. m.
PILOT STARTS FIRST
LEG TOKYO FLIGHT
LOS ANQELES, July 19.—MV
Lieutenant Harold Bromley, plan- ;
ning a non-stop flight from Ta
coma, Wash., to Tokyo, soared away
on the first leg of his flight, Los
Angeles to Tacoma, at 10:13 a. m.
today.
University Council
Created By Gil For
Mexico Institution
—
MEXICO CITY, Mex., July 19.—
(JF)—An experiment in joint stu
dent-teacher management of the |
Mexican National university, one
of the Oldest Institutions of learn
ing in America, is to be carried Out
by virtue of a decree issued bv j
President Portes Gil, freeing the
university from government control.
The decree removes the universi
ty from jurisdiction of the depart
ment Of public instruction and cre
ates a "university council,” made
up of teachers, students and uni
versity graduates. The council will
decide all affairs having to do with
management of the university and
will elect a university rector for a
three year term from a list submit
ted by the president of the repub
lic.
The council also will have power
to remove the rector from office
and will elect directors of the uni
versity departments from lists sub
mitted by joint student-teacher
bodies in the departments to which
the teachers are to be assigned.
Two students and two teachers
from each department of the uni
versity will occupy places on the
council, as well as two representa
tives of the students’ federation,
two university graduates and a
delegate from the department of
instruction, who will not have a
vote, sitting with the council only
in the capacity of councilor.
In the preamble to the decree,
President Portes Gil pointed out
that public opinion “demands so
cialization «f national institutions”
and that creation of an autono
mous university is a step in that
direction.
The government will continue to
subsidize the university.
~ 111 ■ ~i
I Specials for Saturday at all I. G. A. Stores
Fly Swatters u.27c
TUNA FISH sc..13c j
mU Del Monte. 9no. * QQfl #
IhP 1111 Country Gentlemen dmi Cans ,.yy|j
DID Dutch Cleanser.7c J
MPF Fancy Q Lb*. 1 Oft U
IlSUL Blue Rose For . 1 ^
J PPAQ Gibb* Qno. i 97pu
A s Lny Early Jane I/Cans .. J||
iBellevue Jelly czrr-... 9c u
Dill Pickles “.24c 8
Lersheys Cocoa rr 13c|
.* TAMALES .24c t
9 VINEGAR sr&_—14c 5
Kellogg Rice Krispies 11 c |
4Mary Jane Syrup ~ ~-19c
|FLIT s,“...31cjt
| ...... 19c|
| PEARS gfr..21c |
{MATCHES fcr..18c{
IVORY
AND BLUE
FRONTS fl
►

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