Brownsville herald. [volume], September 12, 1929, Page SEVEN, Image 7

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

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^— ... .. . ., ——
SHARES SHOW
EARLY GAINS
Market Strong on Opening;
Electric And Steel
Higher
NEW YORK. Sept. 12.—</P>—The
stock market opened today with an
impressive demonstration of
strength. Several blocks of 5,000 to
18,000 shares changed hands in ear
ly trading. Westlnghouse Electric
opened nearly 3 points higher. U S.
steel common 2 1-4 and Radio.
United Corporation, National Cash
Register, North American, Pennsyl
vania and Bethlehem Steel showed
early gains of a point or more, j
Standard Oil of New Jersey, which >
led the late upturn yesterday,
opened fractionally lower but
Standard Oil of New York opened ■
with a block of 18.000 shares at 47,
up 5-8 and duplicating the year's
i high.
» Lowering of the call money rate
to 7 per cent yesterday, coupled with ;
the fact that the Bank of England
again made no change in Its 5 1-2!
per cent discount rate had a bullish
effect on speculative sentiment.
Establishment of a new high rec- j
ord by freight car loadings in the
week ending August 31 brought ]
fresh buying into railroad shares.!
but early gains were held to a point
j or so. Oils were again under heavy |
accumulation, recent gasoline price
cuts along the Atlantic seaboard j
apparently being offset by a drop In j
crude oil production last week, j
Standard Oil of New York was up
to a new 1929 high. Sun Oil moved j
up 3 points and Pan-American B.
Standard OH of California. Texas i
Corporation and a few others ad
vanced a point or more.
Foreign exchanges opened steady,
with oablea unchanged at $4 84
23-32.
The close was weak. Sales exceed-.
ed 5,000,000 shares.
■ M..I, ■" —
FOREIGN EXCHANGE
NEW YORK. 8ept. 12.—<**)—For
eign exchanges Irregular.
Oreat Britain, demand 4.84 3-16
cables 4.84 11-18; 60-day bills on
banka 4.79 5-16.
France, demand 3.90 > -8, Italy
5.22 7-16; Belgium 13 89; Germany ,
23.78; Tokyo 46.90; Montreal
99 34 S-8.
Clara Gomez Wim
Fire Potter Prize’
'• Clara Gopiex, second grade pupil j
!n the Victoria Heights school, was
presented with a blue ribbon Thurs- |
day morning won In the state pos
ter cjbntest last year. The prewn
tatiqPTwas made by 8upt. G. W. |
Gotke at the school assembly.
The prize was given by the state
fire board In a contest conducted
among the school children In the
making of fire prevention posters j
About 2000 posters were subnutted
by children throughout the state.
Fire Breaks Out In
German Shipyards
KIEL, Oermany, Sept. 12.—(&—
A great fire broke out today In
the engineering plant of the
Prederich Krupp-Oermanla ship |
yards here snd rtpldly assumed ■
dangerous proportions. All of the j
city’s fire brigade were engaged in
fighting it.
Oklahoma Bank Is
Robbed of Thousands
CHEKOTAH. Okla., Sept, 12.—<;p) |
The Peoples National bank here was
robbed of several thousand dollars
, by two roughly dressed young men
about noon today.
WEATHER SUMMARY
The moderately high barometric I
pressure that has prevailed over
most of the United States during i
the last three or four days is now j
moving out over the Atlantic ocean '
and a disturbance of slight intensity j
has developed over the north-cen
tral states. Considerable cloudiness !
prevailed throughout the eastern
half of the country at the morning
observation, and numerous showers i
occurred over the same region with- j
In the last 24 hours. Temperatures
were rising practically throughout
the country this morning.
• ——
WEATHER BULLETIN
Pint figure lowest temperature
last night; second:, highest temper
ature yesterday; third, wind veloc
ity at 8 a. m.; fourth, rainfall past
24 hours.
Abilene .62 70 — .02
Amarillo .56 64 — .04
Atlanta.68 88 — 120
Austin .68 82 — .00
Boston .54 70 — .00
BROWNSVILLE .75 88 — .01
Chicago .54 72 — .00
Corpus Chrlati ..76 86 — .02
Dallas .66 74 — .00
Del Rio.70 82 — .02
Denver .52 68 — .00 i
Detroit .58 68 — .00
Dodge City .54 70 — .00
El Paao.62 78 — .00
Port Smith .62 76 — .24
Oalveeton .78 84 — .00
Helena .46 72 — .00
Huron .50 74 — .00
Jacksonville .7* 84 — .01
Kansas City ....54 70 — .60
Louisville .58 74 — .00
Memphis .62 78 — .00
Miankf.80 66 — 00
Moniflanery.74 92 — .21
New Orleans ... 78 90 — .00,
New York .60 70 — .00
North Platte ... 48 70 — .01
Oklahoma City ..64 70 10 .00
Palestine .70 86 — 00
Pensacola .74 88 10 .00 j
Phoenix .72 96 — .00
Pittsburgh .64 70 — 00
St. Louis .62 76 — .00
St. Paul . 52 72 — 00
Salt Lake City ..50 72 — .00
San Antonio ....72 86 — .00
Santa Fe.46 68 — .00;
Sheridan .52 74 — .06!
Shreveport .68 86 — .00
Tampa .74 88 — J24 ,
Vicksburg .68 86 — .00
Washington .56 74 — .00
WUliston .48 74 10 .02
Wilmington .66 86 — .00 i
t_
MARKETS AT A
GLANCE
■ - —
New York:
Stocks irregular; J. I. Case reacts
more than 20 points after early rise.
Bonds steady; investment rails
firm.
Curb heavy; National Investors
up nearly 50 points.
Foreign exchanges irregular; ster
ling eases slightly.
Cotton easy; southern selling.
Sugar lower; European selling.
Coffee declined; easier Rio mar
kets
Chicago:
Wheat steady; improved export
demand.
Corn easy; increased Argentine
exports.
Cattle higher.
Hogs Irregular.
LIVESTOCK j
CHICAGO. Sept. 12.—(/Py—Hogs:
20.000; light hogs steady to 10c
lower; butchers strong to 10c high
er; top $10.40; packing sows 7.65 to
9.00; pigs 8.00 to 9.50.
Cattle: 8.000; calves: 2,000;
weighty steers 25c higher; slaugh
ter steers, good and choice 950-1500
lbs. 13 25 to 17.00; fed yearlings
13.25 to 16.50; heifers 13.00 to 15.25;
cows 8.75 to 1175; vealers 16.00 to
18.00.
Sheep: 20,000; strong to 25c high
er; lambs 12.85 to 13.85; ewes 4.00
to 5.50.
LIVERPOOL SPOTS
LIVERPOOL, Sept. 12.*-i.P)—Cot
ton: Spot good business done; low
er; American strict good middling
11.07; good middling 10.67; strict
middling 10.47; middling 10.27;
strict low middling 10.07; low mid
dling 9.77; strict low ordinary 9 37:
good ordinary 8.97. Sales 8.000
bales. 4,600 American. Receipts 300.
all American. Futures closed quiet
and steady: October 9 92; Decem
ber 9.96: January 9 97; March 10.05;
May 10.09; July 10.07.
Fraud Charges of No
Concern to Waggoner
NEW CASTLE. Wyo., Sept. 12.—
iVP>—Seemingly unconcerned as to
his future, C. D. Waggoner, presi
dent of the small bank of Teilurtde.
Colo., awaited quietly in his cell
here today the next action of fed
eral authorities who charge him
with a half million dollar fraudu
lent financial coup.
Tolbert Manager of
Harlingen Airport
• Special to The Herald!
HARLINGEN. Sept. 12—Bert Tol
bert has been named manager of
the air field here and placed In
charge of the hangar.
The local field has been levelled
and otherwise improved.
FORT BAND CONCERTS
POSTPONED BY MARCH
Capt. William T. Haldcman. post
adjutant, announces that there will
be no formal guard mounts and
band concerts at the post until after
October 1, due to the 12 cavalry
troops making a 14-day march com
mencing September 15.
MONSEES BABY
Mr. and Mrs. Cuban Monsees are
the parents of a daughter, born
Saturday morning. The child
weighed 7 1-2 pounds, and has been
named Paulina Elizabeth.
TEXAS TOPICS
Legislative Speed—
Crickets, Not Locusts—
Juvenile Tartan—
Prise Dry Capture— S'
Legislative proceedings, somehow
associated with the snail’s pace,
may be speeded up if others follow
the example of Rep. Jack Keller of
Dallas.
For the first time on record, an
airplane was pressed into service for
official legislative travel, when Kel
ler flew ot Wichita Falls to join
the fee investigating committee, of
which he is a member.
Yet Rep. B. E. Quinn of Beau- '
mont recently beat a parking fine !
by showing the law contemplates a
legislator shall travel 20 miles a day
to and from sessions, thus spinning
out his legislative immunity from
arrest considerably.
“A fine old Spanish custom" of
crying his wares failed to save a
Texas butcher s clerk from deten
tion and a jail cell when he is al
leged to have whistled to an attrac
tive blonde woman and called her
"blondie.” She objected. H<* told
officers it was a custom to cry one’s
wares, but they didn’t agree that
the salutation was an essential part
of his vocal advertising of steaks i
and chops.
A West Texas dry raiding squad !
of constables was resting on its
laurels after capturing and putting
in jail a 10-year-old girl. The girl
broke a bottle of ’’evidence." tried
to escape the officers and later bit i
one of them on the hand, according
to the report of their successful
capture.
Texas canning work has enlisted
interest outside the home demon
stration clubs, it was shown when
two girls from the Philippines Jour
neyed to Bryan to learn how to “put
up" things.
Citizens of Bell county have or
ganized a searching party to hunt
a youthful Tarzan. a boy about nine
years old. who seems to have taken
refuge in a dense swamp in Taylor's
valley. The boy was tracked for
miles, and places where he had slept
were found.
-
Austin and Waco have been suf
fering from insect invasions resem
bling the plagues of ancient times.
In Austin it is crickets in untald
thousands. At Waco hordes of small
green bugs have appeared.
CABLES RAISE
COTTON MART
Report Reflected In Early
Gains of 1 to 5 Trad
ing Points
NEW ORLEANS. 8ept. 12.—UP>—
Favorable cables were reflected In
ah opening gain of 1 to 5 points In
the cotton market here. As New
York opened rather firmer the mar
ket rallied, October trading up to
18.55, December 18.86, and January
18.02. or 7 to 9 points above yester
day's close. Under hedge selling
and short selling October receded to
18.02. December 18.71, and January
18.77. or 15 to 16 points down from
the highs. Towards the end of the
first hour the market was steadier
and had recovered 7 to 8 points of
the loss.
NEW ORLEANS FUTURES
NE WORLEAN8. Sept. 12.——
Cotton futures closed steady at net
6 points up to 1 point down:
Prev.
High. Low. Close. Close.
Jan.18 94 18.66 18.84 18 85
Mar.19.17 18 93 19.08 19 02
May .19.26 19.06 19.18 19.10
July . 19.06 19.00
Oct.18 57 18.32 18 49 18.48
Dec.18.90 18 63 18.79 18.80
Opening: Jan. 18.90; Mar. 19.04;
May 1912-B; July 19.02-B; Oct
18.52; Dec. 18.80.
N. O. COTTONSEED OIL
NEW ORLEANS. Sept. 12.—0P>—
Cottonseed oil closed steady; prime
summer yellow 835; prime crude
750-762 1-2. Jan. 856: Feb. 860;
Mar. 673; April 875; Sept. 840; Oct.
841; Nov 846; Dec. 851,
NEW YORK COTTON
NEW YORK. Sept. 12.—The
cotton market opened steady at an
advance of 2 to 8 points with active
months showing net gains of 4 to
12 points during early trading on
covering, combined with some local
buying promoted by relatively
steady Liverpool cables. December
sold up to 19.02 and March to 19.21,
but demand was supplied at these
figures, and prices later reacted un
der southern hedging and renewal
of liquidation. By the end of the
first half hour, December was off
to 18 8G and March to 19.08, or 4 to
6 points net lower.
Futures closed steady. 2 to 8
points higher. Spot quiet; middling
18.30.
Early declines seemed to bring in
more trade buying while offerings
tapered off and prices rallied later
on covring. December sold up to
19.05 and March to 19.26, with the
general list showing net advances
of about 13 to 16 points at mid
day.
SPOT COTTON CLOSE
NEW ORLEANS, Sept. 13.—
Spot cotton closed steady at un
changed quotations. Bales 6.729; low
middling 16.89: middling 18.39; good
middling 18.79; receipts 7.753; stock
106.704.
■■■. .m I l ' j ,i
No August Failures
Among Texas Banks
(Special to The Herald)
AUSTIN. Sept. 12—Very little
change was recorded in the bus
iness mortality rate in Texas during
August, according to figures com
piled by Bervard Nichols, editor cf
the Texas Business Review, issued
monthly by the Bureau of • Bus
iness Research at the University
of Texas.
“The seasonal trend in the num
ber of failures from July to Aug
ust is not definite—in the past ten
years, increases have occurred five
times, while decreases were re
corded In the other five," Mr.
Nichols said. “Compared to July,
therefore, the record is favorable,
but in comparison to August of last
year, the showing is rather poor.
"During the month. 38 failures
having liabilities of $602,000 were
reported in the state, compared to
28 bankruptcies with liabilities of
$251,000 in August. 1928. There
were 41 Insolvencies having liabili
ties of $919,000 in July. Many of
the failing firms were rather small,
the average failure showing liabili
ties of $16,000, against $22,400 in
July.
“No bank failures were reported
during August in Texas."
B'nai B’rith Work
Organized At T. U.
(8pecial to The Herald)
AUSTIN, Sept. 12—Hillel foun
dation of B'nai B’rith, has tended
to Texas university its work among
students in continuation of relig
ious training, and will erect a
foundation building at the univer
sity, It was announced by Rabbi
Jacob J. Weinstein, who has been
sent here by the group to direct the
work.
8o far the Hillel foundation,
which correlates all religious and
cultural organizations for Jewish
students, has organized its work in
universities of Illinois, Wisconsin,
Michigan. Ohio, Cornell, West; Vir
ginia, California and Texas.
Sifters Charged In
Brother-in-Law Death
FORT WORTH, Sept. 12.—<jp>—
Mrs. Laverne Kennedy, 20. and her
sister. Miss Juanita Cook, were ar
rested today on complaints which
charged them with murder in con
nection with the fatal stabbing of
their brother-in-law, Lawrence
(Mose) Moser. 26. who died last
Thursday of wounds he reecived la
a difficulty the night before.
Demo Leader Flays
Senate Tariff Bill
WASHINGTON. Sept.
Nine "outstanding objections" to
the pending tariff bill were enum
erated in a speech in the senate
today by Senator Simmons of North
Carolina, who opened fire on the
republican measure for the demo
crats by declaring It would add bil
lions of dollars to the annual tax
burden imposed upon the consum
ing masses.
c_
Orval James Patty and Emma
Virginia Possett and Miguel Weaver
and Delfina Trevino.
Licenses issued: J. O. Bourdeaux.
Jr., and Jewel Wallace.
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| CRASH VICTIM ^
I
Associated Press Photo
Ruth Greer of Woodward.
Okla., a student in Birmingham
Southern college. Ala., was
killed in Memphis, Tenn., in an
airplane handled by Prank
Hays, student pilot.
City Briefs
Sill— — —I - — I Ml I — — —I — II Mil Ml I
Eugenia Lightfoot announces the
opening of her studio of expression
and dramatic art In Brownsville.
For appointment write Reese-Wll
Mond hotel, Harlingen.—Adv. 15.
Odds and ends of girdles and cor
sets. 50 cents up. The Corset Shop,
1327 Elizabeth.—Adv. 14.
For Sale.—Complete restaurant fix
tures in Harlingen. Value $3,000.
Will take $1,000 for prompt sale.
See Walker-Craig Co.—Adv. tf.
Special Kates to teachers and
high school girls. All school girls’
hair cuts. 40c. Mrs. Anita Priest at
Amaya’s Millinery and Beauty
Shoppe, 1235 Adams St., phone
874-J.—Adv. 13.
Visitor Leaves—Lieut. W. E.
Lewis, who has been here in the
interests of the International air
derby, left Thursday morning by
plane for Mexico City.
To Mexico City—Dr. E. Chavez,
| of New Orleans, spent Wednesday
! night here enroute to Mexico City.
He left by plane Thursday morn
ing.
Returns—G. C. Richardson, secre
tary of the chamber of commerce,'
who has been in Chicago for the
past week, was expected to arrive
Thursday afternoon.
To Annapolis—Lt. W. Mendel
hall, Jr., has returned to Annapolis
to continue his post graduate course.
He will remain at the naval acad
emy for another year and a half.
GROWTH OF JUNIOR COLLEGE
TOLD BY DEAN CALDWELL AT
LUNCHEON OF ROTARY CLUB
The Brownsville junior college at
noon on the second day of its reg
istration period for the present
term had an enrollment of 112 reg
ular students and no special stu
dents had yet been permitted to
enroll. Dean 8. A. Caldwell told the
Rotary club at the regular lunch
eon Wednesday.
Dean Caldwell told of the prog
ress made by the Junior college
and how 'it rapidly is becoming an
institution of which Brownsville
and the entire Valley will lie
proud.'*
He said that when he came here
two years before the college had
a Junior class of 11 students.
'These student* have done as much
for the college as anyone," he said,
"for they entered not knowing
whether the work they were doing
woud receive any recognition from
other educational institutions."
"Today the college is doing work
which is recognized by every uni
versity and college in the land and
graduates know their credits will be
accepted at face value.
Excellent Faculty
"The Junior college today has a
faculty of 12 teachers who have
i masters' degrees from leading uni
versities and many of them have
done post graduate work after re
ceiving their degrees. And the
junior college is attracting a high
type of student. Honor students
from the Stuart Place, Harlingen.
Rio Hondo, San Benito, El Jardln
and Brownsvcille high schools are
enrolled."
Dean Caldwell revealed that the
senior high school, including only
the sophomore, Junior and senior
classes, has an enrollment of 304
compared to 255 in the same grades
last year. "The total enrollment
last year was 288 students and this
Indicates thr final enrollment this
year will be approximately 350,"
he said.
Wm. S. West, president of the
club, appointed a committee of Ed
Monsees. chairman, Joe Bollack,
Owen Combs and J. O. Starck to
conduct the annual Christmas tree
for poor children. “The money is
available and it remains only for
the committee to lay their plans,”
President West said.
Five New Members
Five new members were taken
into the club and one. R. D. How
ard, was given an opportunity to
speak. Howard’s speech consisted j
of the word "gentlemen.’’ Such a!
burst of applause followed this one
word the speaker was forced to
take his seat. Other new members
were 8. M. Harvey, manager of
Plggly Wiggly grocery store; K. O
Buckley, general agent for the
Mexican Aviation company; T. E.
Gilmore, manager of the airport;
and W. L. Pendergraft, managing
editor of The Brownsville Herald.
Cleve Tandy led the club in a
number of Rotary songs, Mrs.
Tandy playing the accompaniment
on the piano. E. E. Harris. 8outh
ern Pacific employe, sang three
numbers and was liberally ap
plauded. Paul Kennard played the
accompaniment.
Visitors were L. B. Mayer. Guy
Trent, and Guy Cornett of San
Benito and Robert E. Speer of
, Houston.
| Building Permits |
Dolores Dorsett, 3-room frame
residence on Railroad avenue, 3300,
A. Marlines private garage,
frame construction, $100.
MAN WANTED IN TEXAS
FIGHTS EXTRADITION
HUOOTON, Kans , Sept. 12.—</P)
—William Trotter, 32. held here for
Galveston. Tex., officers In con
nection with a $6,500 payroll rob
bery last May and other Texas
charges, today announced he would
resist efforts at extradition.
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