Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, July 23, 1929, Image 9

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Brownsville herald. [volume], July 23, 1929, Page NINE, Image 9
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Brownsville herald. [volume] (Brownsville, Tex.), 23 July 1929. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn86063730/1929-07-23/ed-1/seq-9/>

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LATE MARKET REPORT
TRUCK MOVEMENT—STOCKS—COTTON—GRAIN—LIVESTOCK — POULTRY—EGGS
UNEVEN PRICE
OPENS STOCKS
Renewed Demand For Rail
road Shares Featured
By Few Gains
NEW YORK, July 23.—(A1*—Un
even price movements characterized
Q the opening of today’s stock market,
featured by the renewed demand for
railroad shares. Initial gains of a
point or so were recorded by Erie
common, New York Central, Inter
national Harvester, Columbia Gas
and Western Union. General Elec
tric, which reached new high ground
yesterday, and American Telephone
each yielded more than a point in
opening transactions.
With many of the large broker
age houses urging a V ''tening of
long commitments on the theory
that a corrective reaction was over
due. the market was called upon to
absorb a fairly heavy volume of
selling in early trarding.
Publication of a record-breaking
semi-annual earnings by the Chrys
ler Corp.. brought fre.h buying into
that stock, which dvan. :d 1 1-2
points, but renewed weakness crop
ped out in General Motors which
touched another new’ low at 66 3-8.
Allied Chemical and American
Bank Note recorded early gains of 3
and 3 7-8 poin i, respectively, and
U. S. Steel comm . American &
Foreign Power, Electric Power &
Light and America" Brown Boveri
advanced a point or so. Several
popular industrials such as Ameri
can, Sears Ro ~k. Montgomery
Ward, Dupont, Bethlehem Steel,
Johns Manville id Greene Cana
nea Copper sagged to 2 1-2 points
in the early trading.
Foreign exchanges opened steady,
with cables slightly firmer at
$4.85 7-16.
The close was strong. Total sales
approximated 3.900,000 shares.
CALL MONEY'
NEW YORK. July 23.—(A*i—Call
money steady; 7 per cent all day,
Time loans firmer; 30 days 8; 60
days 8; 4-6 months 7 3-4. 8. Prime
commercial paoer 6. Bankers ac
ceptances unchanged.
IT. S, BONDS
NEW YORK. July 23.—(AN—Gov
ernment bonds; Liberty 3 1-2. 32-46.
$97.6; 1st 4 1-4. $99.8: 4th. 4 1-4, $99.
Tveasurv 4 1-4. 47-52. $107.2; 4.r.
44-54. $103.28.
FOREIGN EXCHANGE
NEW YORK. July 23.—</P>—For
eign exchanges firm.
Great Britain, demand 4.84 15-16;
cables 4.85 13-32; 60-dav bills on
banks 4 80 1-16.
France, demand 3.91 3-4: It3ly
522 11-16: Belgium 13.88 1-2; Ger
many 23.81; Tokyo 46.20; Montreal
P9.62 1-2.
w ————————————
4 Quick Setbacks
Feature Grain
Market Opening
CHICAGO. Jul« 23.—(A^—Quick
setbacks from earlv new advances
developed in Chicago grain markets
today in much less one-sided trad
ing than has beer the rule of late
Continued “no rain" reports from
the drought region nnrthve'-t were
largely offset by advices that Ar
gentine wheat is being offered in
Europe at sharp discounts under
wheat from the United States and
Canada.
Opening l-2c to 1 l-2c higher
wheat rose a little further and
then rapidly fluctuating went well
below yesterday's finish. Com and
cats were relatively firm with corn
starting l-8c to 5-8c up. and aft
erward maintaining strength. Pro
visions declined.
Wheat closed nervous. 1 7-8^ to
2 3-4 under yesterday's f; h. Corn
Closed unchangr to 1 1-8 higher,
eats 1-4 to 1-2 '’:wn and provisions
unchanged to ' ; off.
K. C. CASH GRAIN
KANSAS CITY. July 23.—(Ah—
Wheat; No. 2 dark hard 1.30ft
1.49 1-2; No. 2 hard 1.27411.40; No. 2
r°d 1.344? 1.35: July 3-8; Sept.
1.35 7-8: Dec. 1.42 1-4
Corn: No. 2 white 1.00: No. 2 vel
low 102 1-24*1.03 1-4: No. 2 mixed
•99 1-24? 1.00; July 100 1-4; Sept.
"*■ l.oi 1-8: Dec. 95.
Oats: No. 2 white, nominally.
40 1-24*50 1-2.
I.-— -- --
JULY 23.—(/P)—
New York
Stocks firm; Bethlehem Steel at
new high.
Bonds irregular; convertibles
fluctuate widely.
Curb irregular; Central States
Electric buoyant.
Foreign exchanges firm; sterling
near year s high.
Cotton lower; predictions favor
able weather.
Sugar easy; lower spot market.
Coffee higher; Brazilian support.
Chicago
Wheat lower; forecast rain Amer
ican northwest.
Corn steady; decreased contract
stocks.
Cattle steady to lower.
Hogs lower.
CHICAGO. July 23.—UP)—Hogs:
28,000; 25c lower; top $12.25 for 170
to 200 lbs; packing sows $9.60®
10.50.
Cattle, 8,000; calves; 2,500; steady
to 25c lower; slaughter steers, good
and choice 1300-1500 lbs $14.50®
16.60; 1100-1300 lbs. $14.25@16C0;
950-1100 lbs., $13.50® 16.50; cows,
good and choice, $8.75@12; vealers
'milk fed» good and choice 814.25®
$17.00.
Sheep: 12.000; weak to 25s lower;
lambs $13.50® 14.85; ewes, $5.50®
6.75.
KANSAS CITY. July 23.—(/P>—
Hogs: 9.000; 250 pounds down 15®
25c lower: ton $11.65 on 200 lb
weights; packing sows 9.00® 10.15.
Cattle: 8.C00, calves: 1,500; native
fed steers and yearlings steady to
25c lower; other classes fully steady;
slaughter steers, good and choice
1300-1500 lbs 13.75® 18.25; 1100-1300
lbs 13.50® 16.25: 95C-1100 lbs 13.25®
16.00; fed yearlings, good to choice
750-950 lbs 13.00® 15.75: cows, good
and choice 8.00® 11.50; vealers (milk
frd> medium to choice 9.00® 14.50;
stocker and feeder steers good and
choice all weights 11.25® 13.75.
Sheep: 7.C00; lambs weak to 25c
lower; sheep steady to weak; lambs
13.50; ewes 5.25® 7.00.
FT WORTH, July 23.—i7P>—Hogs
800; 15ct to 25c lower; top $11.45
for choice light butchers; better 105
-225 lb. rail hops, $11.10®1140: de
sirable 130-240 lb. truck hogs $10.60
® 10.85: packing sows $9.25®9.!5;
feeder pigs $9.25® 9.75.
Cattle and calves: 4.800; slaugh
ter steers weak to lower; well-fin
ished steers value $14.25 or above';
fed steers $13.50; grassers $9.40®
10.50; cows $8.25 and less; stock
steers 'and yearlings $10.50® 11.00;
bulls, $3.40; hea”y calves $11® 12;
light vealers $14.25.
Sheep: 1.400; steady; wethers,
$7.50®7.75; feeder yearlings $8.50;
lambs $11.50® 12.50.
FT. WORTH CASH GRAIN
j FORT WORTH. July 23.—</P>—
I Fair demand continued today for all
| prams except barley, which was slow
on the Fort Worth market. Both
! exporters and miners were wanting
i wheat at the decline around
12 l-2c from yesterday's values.
Export grains: exporters bid as
follows, basis delivered Texas Gulf
ports. No. 1 ordinary hard wheat
1.33 1-2 to 1.34 1-2: No. 1 soft red
mixed 1.33 1-2 to 1.34 1-2; No. 2
barley 723® 74.
Milling wheat: Mills bid as fol
lows. basis delivered T. C. P.: No. 1
hard milling 1.35 1-2® 1.36 1-2; 13
oer cent p’-otoin 139 1-2® 1.40 1-2:
14 per cent 1.43 1-2® 1.44 1-2; 15
tier cent 1.47 1-2®148 1-2; 16 per
cent 1.51 1-2 to 1.52 1-2.
j Dealers bids and offers on other
grains as fo!low's, basis delivered
T. C. P.: corn slightly lower; No. 2
mixed 1.15 to 1.18: No. 2 white
1.19 1-2 to 1.20 1-2; No. 2 yellow
1.21 1-2 to 1.22 1-2.
Oats: No 2 red 57 1-2 to 53 1-2.
Barley; No. 2. 73® 74.
Screhuros: No. 2 milo ner hundred ;
! pounds 1.75 to 1.80: No. 2 kaffir 1.63
; to l.To.
Serahum heads; milo per ton
22.00®23.09; kaffir 21.5C® 22.00.
BETTER ANO EGGS
i CHICAGO. July 23.—</P)—Butter
unchanged.
Eggs higher: extra firsts 32 1-2®
33: firsts 31 1-2® 32; ordinary firsts
10® 30 1-2.
POUL RY
! CHICAGO. July 23.—i/Pt—Poultry
I steady; fowls 28 1-2; springs 33:
j broilers 28: roosters 21 1-2; turkeys
20 to 30; dur’-s 18 to 20: geese 15:
1 spring geese 22.
.^L. I HJP« . I .UMLiajg
CABLES FORCE
EASY OPENING
First Trades Show Loss of
Seven Points; Rally
Is Short Lived
NEW ORLE.t:_2, July 23.—{IP)—
' e cotton nrrket opened easier in
sympathy ■\ * .0 e .* cables than
d:?. Thirst trades sh r::d losses of
7 points. After rally 1 a couple
of points, tha market eas. off
again on general good weather, Oc
tober Fading • to 18.85 and De
cern to 19.cc 12 tc 15 points
oder yesterday's close. At the
end — the fir:J horn the market
was slightly steadier and ' 5
points up from the lows.
The market turned easier again
in the second hour on the reported
unloading of long cotton by the New
York pool that bought last week.
This caused the local market to ease
off to 18.70 for October and 18.90 for
December, several points below yes
terday’s close.
As New York reported offerings
well absorbed owing to buying by
Liverpool, the market here was
steadier at mid-session and a few
points below the lows.
N. O. FUTURES CLOSE
NEW ORLEANS. July 23.——
Cotton futures closed barely steady,
at net declines of 24 to 27 points:
Jan.19.11 18.86 18.92b-93a 19.20
Mar.19.14 18.95 19.07b 19.35
Mav _19.27 19.09 19.17b 19.45
July ....18.70 18.50 18.48b 18.98
Oct.18.92 18.6r 18.73-74 18.97
Dec.19.11 18.86 18.90-91 19.17
Opening: Jan. 19.11-b; March
19.23; May 19.33-b; July 18.71-b;
Oct. 18.90; Dec. 19.07.
N. Y. COTTON
NEW YORK. July 23.—(AP—Cot
ton opened steady at a decline of 7
to 20 points under further liquida
tion or realizin. promoted by favor
able weather reports and an opinion
that the cron was making normal
progress. About 50 July notices were
reported and that position sold off
to 18.42. or 20 points net lower un
der liquidation. Later months show'
ed net declines of about 7 to 13
points. The market showed net
losses of about 9 to 13 points at the
end of the first half hour.
Liquidation continued and a few'
stop orders were uncovered on the
decline w’hich carried prices off to
18.83 for October and 19.08 for
January, or about 21 to 25 points
net lower. The selling then tapered
off. however, and the market was
comoaratively quiet at midday with
prices showing rallies of 8 or 10
pomts from the lowest on covering.
Futures closed steady. 22 to 27
points lower; spot quiet; middling
18.75.
N Y. FUTURES CLOSE
NEW YORK. July 23.—<APt—Cot
ton futures:
Prev.
High Low Close Close
Jan. ... 19.25 19.01 19.05 19.30
Mar. ... 19.44 19.19 19.23-24 19.50
May ... 19.58 19.35 19.39-40 19.61
Julv ... 18.53 18.36 18.38-37 18.62
Oct. old 19.05 18.90 18.85 nom'l 19.13
Oct. new 19.05 18.83 18.85-87 19.99
Doc. ... 19.33 19.09 19.10-13 19.37
Onening: Jan. 1920: M8r. 19.43:
Mav 19.52; July 18.42; Oct. told)
19.09; Oct. (new t 18.96; Dec. 19.28.
LIVERPOOL SPOTS
LIVERPOOL. July 23.—(£9—Cot
ton spot limited demand; lower:
American strict good middling
11.41: good middling 11.01; strict
middling 10.81: middling 10.81;
strict low middling 10.31; low mid
dling 19.01; stric* good ordinary
9.61: good ordinary 9.21. Sales 3.000
bales. 2.400 American Receipts
19.000. American 7,600. Futures
closed barely steady July 10.16;
October 10 06; December 10.05: Jan
uary 10P5: March 10.10; May 10.11
N. O. COTTONSEED CLOSE
NEW ORLEANS. July 23.—Of*)—
Cottonseed oil closed easy; prime
summer yellow' 845; prime crude
750-775. Jan. 860; Feb. 850; March
865: July 845; Aug. 845; Sept. 850;
Oct. 855; Nov. 855; Dec. 857.
N. Y. COTTON SEED CLOSE
NEW YORK. July 23.—</P»—Cot
tonseed oil closed easy: prim® sum
mer yellow 960; prime crude 750-775.
Jan. 959; Feb. 960; July 960; Aug.
"59; Sent 955: Oct. 955; Nov. 945;
Dec. 955; sales 6.000.
N. Y. SPOTS OPEN
NEW YORK. July 23.—.P>—Cot
ton opened steady. Julv 18.42: Oct.
19.02; Dec. 12.29; Jan. 19.22; March
19 43: Mav T9.c4
• -■ —! — ■■■■ I . .1 !■ ■ II ■■I——— ■■ ■ — I ■ " ■■■■■■■■
In Cotton Ginning
The Valley Gin Company is the old
est organization engaged in cotton
ginning in the Valley. Our plants are con
veniently located to serve you. Our experi
ence of many years is at ypur disposal. In
every part of the Valley there are hundreds
of farmers who have ginned their cotton with
us for many years. We can please you too.
VALLEY
-GIN
GOOD WEIGHT ^^».** * -T„y
GOOD SERVICE POMPA &Y
GOOD FPICE5 I JIM I
_____
In Canine Limelight
• • • * • • •
Doe Does His Tricks in Jail as Owner
o *
Fights Reward Suit
XiRVJN-d
HOWARD
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2
By FRANK A. WHITE
Centra! Press Correspondent
INDIANAPOLIS, Ind.. July 25.—
Snowflake, canine Thespian, cf un
determined value, said to range
from $100,0C0 up or down, is doing
tricks fer prisoners in the base
ment of the Marion county jail in
stead of the vaudeville stage.
Homer Kimberlin, grocer, who fed
Snowflake one pound of chopped
beefsteak. daily for a time, has
filed suit in superior court against
Irving Howard of New York City,
one of the owners of the dog, to
collect $5,900 alleged to have been
offered over the radio and in the
newspapers for the recovery of the
dog.
Snowflake slipped his leash while
en route to Philadelphia from New
York. \
$5,000 or No Dog .
“I kicked him off the porch for
two days. It began to rain and
my boy sneaked him into the kitch
en one night. We read, of the re
ward. and now it's five grand or
no dog.” asserts Kimbsrlin.
Howard. Captain H. C. Reed in
charge of railroad detectives. H. G
Woodward, representing the State
Indemnity association, said to have
the dog insured for $25,000. squads
~ w.- vcy - ' 1 -s . .
i >
All that remains of tragic mod
el house where s*x havrl ca
chets. a clown and th -ee other
men lost their lives in Kent,
England, during a fire demon
stration at a fete. The flimsy
structure caught fire ahead of
time and the audience thought
it w?s part of the show, until
fire brigades arrived too late.
Woman Describes
Government Post
By Rhyming Queries
WASHINGTON. July 23.—{IP)—In
her original words, Miss Ada L.
Euch tells foies:
How to sell more wcoH«r> ngs.
What to ship inside of kegs,
How to cut down bills,
What to do with turkey quills.
Who makes wire for a rabbit trap
And machines to dry up sap,
Analyze the market please.
For all these different kind of teas
And why It is wasteful to ignore
Hair that falls on barbers’ floors.
Miss Eush is chief of the special
inquiries section of the division of
domestic commerce in the com
merce department. Seven years ago
of city detectives and patrolmen
kept the city agog three days
searching for Snowflake before hf
was found, unwittingly, by Kimber
lin.
•4Hc‘s a full-blooded Newfound
land liuskie, and earned $1,030,001
for his former owner. He does ex
actly oppr. ite what he is told, anc
that makes a big hit. He is undei
contract for $3,003 a week,” police
say Howard told them.
* No Lonsrer Lost
Howard claims the deg is no long
er lost; that he holds a baggage
check for him. and that it is up tc
the railroad to produce. Captair
Reed declares the railroad’s liabili
ty ends with $25 carried on eacl
piece of baggage.
Snowflake slept one night chained
to the leg of Sheriff George Wink
ler's chair. The following nights he
has reposed in the jail basement
nending result of the court actior.
By order, he is fed one pound ol
beefsteak at 6 p. m. daily.
As the result of the squabble to
determine whether or not the re
ward will be paid. Howard explains
his stand as follows:
‘ There is a tradition that the act
must go on. Here I was a stranger
in a strange town. My brother and
she came to the commerce depart
ment with what she thought was a
good idea: that of telling business
where to get the information it was
continually seeking from govern
mental and other sources.
She soon found out she was dis
cussing a new idea. She began to
sell it lo officials and shortly there
after was employed to start the
service.
The department began as a one
desk affair. Now it encompasses
a whole section of the division with
a permanent Staff of research spe
cialists as well as a shifting staff.
The newest work under consider
ation is a nation wide «heck-up on
how much the price of hose and
dresses and other retail merchan
dise is affected by the return of
thousands of parcels to sotres every
day; why the returns are so numer
ous. and how their gross may be
reduced.
The business research clone by the
special inquiries department is es
timated to save the American busi
ness man many thousands of dol
lars.
(Continued from page 1)
graph, which records whether they
have made a landing, has run down
making it necessary to obtain affi
davits that they have remained m
the air continuously.
A special brand of gasoline, nev
er before tried in an endurance
fliers A tank car was delayed by i
avoided its use because of rapid
evaporation. As the supply at the
field was practically depicted a
truck load, brought here on ‘En
durance Run" from Tulsa, saved tht
fliers. A tank car was delyeda by a
track washout, and the truck start
ed the 450-mile journey with cwn
drivers. The only stops were for
fuel.
Beth Instructors
There is ten years difference in
the ages of the two pilots. Jackson
being 23 nd Oa'Brine 33. Both have
been instructors at aviation schools
before joining the sponsors of the
flight, the Curtiss-Robertson com
pany. Jackson won the barrel-roll
ing contest last year when he smt
a plane through 417 of the maneu
vers.
The St. Louis Robin started a*
7:17 a. m., on Saturday, July 13
while a sister ship, the Missouri
Robin, took to the air 99 lours lat
er. only to be forced down yesterdav
after 117 hours and 13 minutes alofl
because of od spattering the cabin
windows until it was impossible fci
the pilots. W. Gentry Shelton and
Joe Hammer, to see.
N. O. SPOTS OPEN
NEW ORLEANS. July 23.—fTF.
Cettcn GDcned steady. Jen. 13.11
hid; March 19 2-3; May 19.33-bid
July 1S.71 -bid.; Get. 18.30; Dec. 19.97
I
Snowflake were to go on at Phila
delphia, and the dog got away, i
figured if I boosted Snowflake's
value I would get police action. I
told them he was a $100,000 dog.
The police asked what reward I
would give to the finder and I said
about $25. They said it wasn't much
for such a valuable dog. Well, ‘if
$5,000 will bring him back it's all
right with me,’ I said. I didn’t moan ;
that I would give thak
"I got action all right. The police
got to bringing in all kinds of dogs.
Never Saw Yukon
‘ The railroad police go busy, and
I think I met every official on the
road. Snowflake never saw the Yu
kon. He is so dumb that he doesn't
do what my brother tells him on
the stage. The audience laughes
and he goes over just the same/’
In addition to Snowflake. Sheriff
Winkler may have to Impound 100 !
additional dogs by court order. His
deputies recently stopped “invest
ment betting” at a new racing track.
Winkler has been named defendant
In a $50,000 suit by owners of tne
track. A change of venue has been
obtained.
“It’s surely dog days for us a
Marion county Jail,” remarks Wink
ler.
m ^b
I “Be sure to see it” I
| The New
i
□
with New Mon-Glare f
Windshield 1
| July 2 7 |
flf _____ _ _ Jjfll
For Vacation money lies in the
used ice box, bike, cdd pieces of
furniture (especially that suit
able for camping and summer
cottages), the baby carriage, mu
sical instruments, etc., that arc
no longer needed . . .that just
take up space and accumulate
dust. Let a little want ad “Clean
Sweep” for you. Look over your
“White Elephants” now and
phone your ad to number S. It
may mean YOUR vacation mon
ey.

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Brownsville herald. [volume], July 23, 1929, Page NINE, Image 9
About Brownsville herald. [volume] (Brownsville, Tex.) 1910-current