Today’s Markets
STOCKS RESUME
OPENING GAINS
Peoples Gas Takes Jump
Of I2V2 Points On
First Sale
New YORK, July 31.—UP)—The
recovery of stock prices was resumed
it the opening of today's market.
People’s gas, which ran up 371-2
paints yesterday, jumped 121-2
prints on the first sale. Commer
cial^ Solvents advanced 61-2 points,
Ailed Chemical 5 and American
Telephone 2 3-4 on opening trans
actions. Early gains of a point or
two were recorded f;r lectric, In
ternational Telephone, Pennsylvania
Railroad and Gillette Safety Razor.
U. S. Steel common opened a point
lower, presumably in reflection of
speculative disappointment that the
directors did not declare an extra
dividend.
i» Publication of a record-breaking
peace time semi-annual earnings
report by the United States Steel
Corporation, had a bullish effect on
speculative sentiment. Selling in
Steel common quickly dried up. and
the stock converted an early loss of
1 point into a gain of 2 points be
fore the end of the first half hour.
Pool operations were resumed on
a fairly large scale in an assort
ment of ' ’■ailroad. merchandising,
public utility, copper, steel and elec
trical equipment issues. Despite
recent cautionary wart ings by con
servative commission houses, there
appeared to be a marked increase
in public participation.
Auburn Auto ran up 5 points to
another new high record at 408 and
Chrysler. Electric Auto Lite. Borg
Warner and a few other accessory
stocks advanced a point or so .
New York Central assumed the
leadership of the rail group with a
quick gain of 5 1-2 points. Cana
dian Pacific ran up nearly 4 points
and Chicago Northwestern, Dela
ware & Hudson and several others
advanced a point or two.
Allis Chalmers, Amencan Can. i
Frank G. Shattuck, American &
Foreign Power, Sears-Roebuck and
Dupont recorded early gains of 2
to 3 1-2 points and a flock of others,
including Montgomery-Ward, Con
solidated Gas, Republic Steel
Wright Aeronautical and Westing
house Electric, advanced a point or
more.
Foreign exchanges opened irreg
ular, with sterling cables a shade
lower at $4.85 3-8.
POULTRY
CHICAGO, July 31.—(JP)—Poultry
alive easy; receipts 3 cars; fowls 27;
springs over 2 lbs. 28; broilers 26;
roosters 21; turkeys 20030; ducks
18020; geese 15; spring geese 21.
N. O. FUTURES OPEN
NEW ORLEANS, July 31.—(JV
Cotton futures opened steady. Jan.
18.58 bid; March 19.14; May 19.28
bid; Oct. 18.81; Dec. 18.53.
N. Y. FUTURES OPEN
NEW YORK. July 31.—Cotton fu
tures opened firm; Oct. 19.08; Dec.
19.33; Jan. 19.23; Mar. 19.41; May
, 19.56.
V BUTTER AND EGGS
~ CHICAGO, July 31.—(£*1—Butter
lower; receipts 8,954 tubs; creamery
extras 43; standards 42 1-4; extra
firsts' 41042; firsts 39 1-2040 1-2;
seconds 37038 1-2.
LAST NIGHT’S
CLOSING MARTS
N. Y. FUTURES CLOSE
NEW YORK, July 30.—i.pv—Cot
ton futures:
Prev.
Open High Low Close Close
Jan. ... 1917 1930 1905 1905-06 1892
Mar, .. 1902 1949 1923 1924 1931
May ... 1948 1962 1940 1942 1931
Oct. Old 1892 1909 1892 1894 1887
Oct. New 1893 1912 1888 1888-90 i875
Dec. ... 1919 1937 1913 1913-14 1899
N. O. FUTURES CLOSE
NEW ORLEANS. July 30.—
Cotton futures closed steady at net
advance of 11 to 16 points:
Prev.
Open High Low Close Close
Jan. ..1895 1912 1895 1895 1880
Mar. .. 1914B 1927 1915 1910-11 1819
Mav . .1927B 1933 1910 1926-B 1912
Oct. ..1875 1896 1875 1877-80 1862
Dec. ..1892 1915 1892 1896-97 1880
N. O. COTTONSEED CLOSE
NEW ORLEANS. July 30.—{JF)—
Cottonseed oil closed steady. Prime
summer yellow 950; prime crude;
7621-2-775; Jan. 870; Feb. 870: Mar.
880; Aug. 850; Sept. 8C\ Oct. 865;
■■r. 865; Dec. 867.
N. O. SPOT CLOSE
NEW ORLEANS. July 30.—Spot
cotton closed quiet, 17 points up.
Sales 2; low miauling 17.50; middl
ing 19.00; good middling 19.65; re
ceipts 719; stock 51.393.
NEW YORK. July 30.—Cot
tchpeed oil closed steady; prime
sJmmer yellow 950; prime c ude
tQH-2@775; Jan. 972; Feb. 972; I
Mar. 985; Airy. 950; Sept. 963; Oct.
967; Nov. 965; Dec. 967; sales 5,200.
"markets ata^
GLANCE
(By the Associated Press, July 30) j
New York:
Stocks strong; People's Gas ad-1
vances more than 30 points.
Bonds irregular; Philadelphia and
Reading Coal and Iron Convertible
6s rise nearly 7 points.
Curb mixed; Middle West Utili-!
ties common soars 60 points to 460.
Foreign exchanges steady; ster
ling equals year's high.
Cotton higher; complaints of
weevil damage.
Sugar lower; easier spot situa-;
tion.
Coffee declined; disappointing
Brazilian markets.
Chicago:
Wheat weak; forecast cooler
Northwest.
Com weak; good rains central
west.
Cattle irregulasv
Hog* lowex.
i
1 COTTON OPENS
WITH ADVANCE
Firm Liverpool Cable* And
Unfavorable Weather
Stimulants
NEW ORLEANS, July 31.—<^P)—
The cotton market opened very
steady today at an advance of, 2 to
4 points. Firmer Liverpool cables
and less favorable weather in the
belt contributed to the early stead
iness. Prices continued to advance
after the start until active positions
showed advances of practically <61
a bale compared with yesterday’s
close. • *
October sold up to 18.97 and De
cember 19.13, or 15 to 20 points
above tYi previous close, and at the
end of the first hour the market
continued steady with prices near
the highs.
N. Y. COTTON
NEW YORK. July 31.—(04—Cot
ton opened firm today at an ad
vance of 14 to 20 points on a con
tinuation of the recent buying
movement which appeared to be
stimulated by higher cables, unfav
orable features in the weather news
and continued talk of increasing
weevil damage.
October contracts sold up to 19.10
and March to 19.44, or 20 to 23
points net higher, and the market
was firm within a point or two of
the best at the end of the first half
hour. However, the advance met
considerable realizing and some
southern selling. There was a feel
ing that the eastern belt was get
ting too many showers in view of
the boll weevil situation and that
rain was needed in west Texas.
Liverpool cables reported local.
Continental and Bombay buying in
that market on adverse weather re
ports from the South.
LIVERPOOL SPOTS
LIVERPOOL, July 31.—(/P>—Cot
ton spot in limited demand; prices
higher; American strict good mid
dling 11.40; good middling 11.00;
strict middling 10.80; middling
10.60; strict low middling 10.35; low1
middling 10.05; strict good ordinary
9.65; good ordinary 9.25. Sales 2,
000 bales, including 1,400 American.
Receipts 6,000, American 3,700. Fu
tures closed bareiy steady: October
10.11; December 10.08; January
10.08; March 10.13; May 10.16; July
10.15.
Nine Americans On
Zep Passenger List
FRIEPRICHSHAFEN, Germany,
July 30.—(If)—The passenger list of
the dirigible Graf Zeppelin, pre
paring for a flight to the United
States Wednesday, is made up of
21 persons including three women,
two of whom are Americans. One
of the women, Mrs. Henry J.
Pierce of New York, was aboard
the Zeppelin on her unsuccessful
flight in May which ended in
southern France.
Nine Americans are in the list
which follows:
Mr. and Mrs. Henry J. Pierce,
New York.
Mr. and Mrs. George Crouse,
Syracuse, N. Y.
Mr. and Mrs. Gregoir Gourevitch,
Paris.
Frank Ernest Nicholson, writer,
New York.
Nelson Morris, New York.
Richard J. Burke, San Fran
cisco.
Herbert. Seibel, Saginaw, Mich.
Sir Hubert Wilkins, the noted ex
plorer.
Professor Ernst Milarch, Bonn
university.
Werner Stauffacher, Basle, Swiss
industrialist.
Carl Shuez, Kiel merchant.
Doctor Leisler Kipe, Hamburg
American line.
Count Alfred Soden, of the Zep
pelin works.
Doctor Walter Spiess, German
Transportation Ministry.
Minister Channing, Berne, Swit
zerland.
Count Albrecht Montegelas, Ger
man newspaperman.
Joachim Rickard. Boston, Mass.,
now enroute from Madrid.
Heinz von Eschwerge Lichbern,
German newspaperman.
IBBSi
| SUED FOR BALM j
b: {
ML__
Photo shows Mrs. Helen Stroud
of Camden, N. J., who is the
defendant in a $200,000 alien
ation of affections suit and also
has been accused of hurling
bottles at the windows of her
accuser, Mrs. Flomien N.
Winkelspecht of Germantown,
Pa.
Canales Explains
Border Labor Law
MEXICO CITY, July SO.—OP)—
Felipe Canales, acting secretary of
interior, clarified the situation with
regard to Americans residing in the
United States and working in Mex
ico today with a statement to The
Associated Press in which he said
recent regulations controlling such
border migrations should be con
strued loosely.
He said the “regulations" which
> required those who earned their
living by wording in Mexico to re
side in Mexico should be considered
as a request rather than a demand,
and hence any persons not wishing
to comply with it would not have
to do so.
The secretary explained it was
Mexico’s desire that persons work
ing inside the Mexican border live
in Mexico so that they w'ould spend
their money or the Mexican side
and contribute to the prosperity of
Mexican border t ns. He declared,
however, it was- not the govern
ment's intention to create misun
' ' 1 . ■ ■ ■■
derstanding r ill feeling along the
border.
He explained that a new card
system, the cards to be obtained
from chambers of commerce along
the border on the American side,
might soon be invoked to enable a
check on border migration, but it
would offer no inconvenience. The
cards would cost one peso (about
48 cents) each and would be valid
for a year. No passports or other
documents a.a required under or
dinary circumstances now.
BOTH SIDES IN
(Continued from Page 1)
definite termini, and because they
do not operate on a regular sched
ule.
Complaints of traveling me were
added today to those of thi other
bus line, that the Missouri Pacific
Transportation company’s schedule
changes have made it practically
impossible to come to the Valley by
a hurried bus trip from San Anto
nio and Houston.
“The schedule formerly called for
arrival of the San Antonio bus.
which made prompt connections, in
the Valley at about 6 p. m., the far
thest Valley point being reached by
7 p. m., in leaving San Antonio in
the morning,” one traveling man
explained.
“Now the Missouri Pacific has
I changed its schedule so that it is
necessary to lay over four and a
half hours at Corpus Christi, and
the bus reaches Edinburg at 10
p. m., so late that anyone wanting
to go to the lower part of the Valley
cannot reach that section in any
convenience by bus.”
Hotel Men Complain
Hotel men added their complaint
to that of the traveling men, those
in ihe lower part of the Valley stat
ing that the change had hurt busi
ness in the Valley to some extent
It was also stated that much of
the business of the independent bus
operators in the section between
Corpus Christi and the Valley has
been secured through the fact that
they operate in such a manner as
to cateh the busses leaving Falfur
rias an.1 Corpus Christi, and make
connections with the busses arriving
at those points.
Many of the independent opera
tors make frequent runs between
Corpus Christi or Falfurrias and the
Valley, and usually run ahead of
the Misouri Pacific busses in order
to meet the schedules o fthe other
busses.
For Your Protection
■ >%*■
The primary purpose of a
pharmacy is to provide a
proper outlet for drugs and
other medicinal supplies. To
provide a proper outlet only
E registered pharmacists and
the best supplies should- be
j used. You are assured of
this when you have your
prescriptions filled here—an
added protection for you.
Eagle Pharmacy ;
1135 Elizabeth
phpne 26 Phone 693
... ■ 1 _
- _ 1
SANTA ROSA
PERSONALS *
Miss Mildred O’Neal of Lake
Charles, La., is visiting her two
uncles, and relatives who have just
moved into their new home from
Lake Charles. Miss O’Neal is a
former resident of Santa Rosa and
was graduated from the high school
there in the class of ’28.
Mrs. Walter Fontenot and daugh
ters, Christine and Dorothy, have
returned to their home in San An
tonio. They have visited several
weeks in Santa Rosa which was
their former home.
Mr. and Mrs. L. Amos Todd and
son. have returned from Lake
Charles, La., where they have been
visiting for the past two weeks. Mr.
Todd is resident manager of the
Barber Feed and Tile Company. Mr.
I, .- ' —
Lew Schuckenbrock had charge of
the business during Mr. Todd’s ab
sence.
Mr. and Mrs. Herman Williams
were in Harlingen Sunday .
Miss Mary Ball was overnight
guest of Miss Krin Crawford of
Harlingen, Monday.
Jay Carter was a Harlingen visit
or Sunday.
Bobbie Stephens of La Feria was
a guest in the H. A Ferris home
Friday.
Miss Mary Ball and Jimmie
Nuchols were in Harlingen Sunday
evening.
Earl Macintosh of San Benito
was in Santa Rosa Sunday evening.
John Wallace of La Feria was the
guest of his mother and father-in
law, Mr. and Mrs. W. L. Franklin,
Sunday.
Orris and Walter Sibson have
—.j-55 -j=
t
What the Valley Makes,
Makes the Valley
i
i !
I <
't _
The Brownsville Herald is, by every
\ conceivable test, THE VALLEY NEWS
PAPER, furnishing the citizens of ths
\ wonderful territory with Valley news,
t state news, national news and world
news, markets, sports, comics, serial
^ stories, and features of particular inter
est to women and children. In fact the
X Brownsville Herald is a complete family
newspaper for Valley families.
The Brownsville Herald voices edi
X tionally the sentiments of the people of
v the communities it serves. To aid in the
progress and development of the Rio
Grande Valley is the paramount reason
for its existence.
You owe it to yourself to read
(fhe Snmmstnlle Hereto
. ■ -- !
■ - > ~~ 111 — ....■—..... — ■ I — —.
joined their sister. Miss Beulah Sib
son and Mrs. Orris Sibson and
daughters, Lucille and Letha in
Kerrville.
Miss‘Melba Berry and her father
have just returned from Kingsville
where Mrs. Berry was staying. Mrs.
Berry accompanied them home.
Billy Crews has returned to his
home in Crystal Springs. Missis
sippi, after an extended visit with
Santa Rosa and Harlingen friends.
Phyllis Richardson, “Mike" Scott,
and Calvin Duncan were visitors in
Harlingen Sunday.
Herman Williams was a business
visitor in Harlingen Monday morn
ing.
Mr. Kerrito, the director of the
band of Mercedes, was in Santa
Rosa Monday.
Don Woodruff of Harlingen was
a caller in Santa Rosa Monday eve
ning.
Mrs. Herman Williams was in
Harlingen Monday afternoon.
Poison Oak or ivy is relieved
quickly and permanently with Im
perial Eczema Remedy. All drug
gists are authorized to refund your
money if it fails.—Adv. (5)
I Harlingen’s New Beauty Salon I
Managed by
J. Wm. Coleman of Chicago
Expert in Beauty Culture
v Announces Their
Grand Opening I
JL Thursday, August First
^ All Lines of Beauty Work
First Ten Days — Guaranteed Permanent
Marcel — $6.50 J
One Permanent Wave Given Free
Electric Needle Work Our Specialty
Look Chic with a New French Swirl
Lady Beth Toilet Requisites
/
Lady Beth Beauty Shoppe I
116 S. First St. Phone 461 Harlingen, T I
I
have a nationwide
reputation
wherever yon yo!
The Brownsville Retail Merchants
Association, Inc., is not an “only
child.” It has brother bureaus all
over the United States with which it
interchanges data, Consequently the
man who is known in this city, for
prompt fulfillment of financial obliga
tions will find himself preceded ev
erywhere by that enviable reputation.
MAKE IT ,i
a priceless asset!
BrowntviHe Retail Merchants Aden,, hie,
\
-: —-——^