davidaulloa/AmericanStories huggingface dataset:
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
STOCK MARKET
WORKS HIGHER
Opening Ia Quiet But
Prices Gradually
Slide Upward

NEW YORK, Jan. 29.-Pt-The
stock market worked higher in q
rather quiet opening today. Com
mercial solvents jumped 3 1-2 points,
an damonE issues gaining q point or
so were Columbia Gas. international
Telephone, General Railway Signal
and National Surety. U. S. Steel
opened nearly a point higher in an
~ticipation OF the results Of the direc-
tors meeting after the close Of the
market. There were few transactions
as large as 5000 shares.
Utilities were again heavily bought,
American Power & Light moving up
over 2 points 10 a new peak at
10 i-2, on reports thta Electric Bond
and share plans 10 group all its do
mestic holdings in this company.
Utilities Power and Light. Standard
Gas and Electric. commonwealth
Power, and engineers public service
made gains of a point or more.
Nash Motors, international Har-
vester, Bordens and Liggett & Myers
moved up about 2 points each. MS
souri, Pacific gained about q point,
and Gardner Motors was again ac-
cumulated.
Most losses were fractional, al
though international nickel dropped
another point, and Mexican seaboard
2 points.
Foreign exchanges opened steady.
with cables slightly firmer at
s4.s4 1872.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
TO make PEEL
FOR Side TRIP
Especial TO The Herald)

SAN BENfTo, Jan. 29.-one rep
resentative from each demonstration
club in Cameron county will meet at
the San Bsnito high school home
economies room at 3 a. m Friday,
Feb. 1, for the pur-o. Of making 50
pounds of. crystallized grapefruit
peel 70 be served TO a sid trip o.
the Agricultural Workers association
which will come to the Valley from
Huston on Feb. 6.
The association will celebrate the
25th anniversary OF the extension
service in Houston from Feb. 4
through z and then will come to the
Valley.
One member from each demonstra-
ton club also will aid in serving the
pa ~ mt a luncheon in Harlingen at
1880 Feb. s. Each Of the group
that is expected TO number 200, viii
be given a quarter pound basket Of
the grapefruit peel.
Making of tie p1tl will be under
the direction Of Mrs. s. z. Barr Of
Los Fre4nos. Mrs. L. A. Carpenter
of Pennsylvania avenue, and Miss
KaKte Adele Hill. Cameron county
home demonstra Jon agent.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
JUST SOUR GRAPES,
CREAGER DECLARES

Sour grapes was the laughing
comment OF K. B. Creager. republic
can national committeeman for Tex
as, when his attention was called Il
the charges made by Lloyd Hill ot
Fort Worth.
Creager had just arrived home
from a business trip TO Mexico City,
where he spent two weeks.
"Hill was a candidate for post
master at Fort Worth in 1921. Will
liam Moore. the present efficient
postmaster in that city, had my sun
port. Hills charges are ridiculous,
and are typical Of the ~utterances OF
the opposition in Texas. Ever since
the appointment of Mr.. Moore as
postmaster at Fort Worth, under
stand that Hill has been actively
identified with my political oppo-
nents."
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29

water engineers on January q, but nc
action has been taken BY the board
pending adjustment between the
Willacy county district and other ir-
rigation interests Of tho Valley rela-
tive TO recognition OF water rights.
Attorneys for the various districts
Eare indicated there is no objection
to diversion OF flood waters. AMI
that the only factor in which other
irrigation interests have 4 primary
interest is protection Ct their rights
70 the normal flow az the stream.
They expressed confidence that all
features az the bill would be worked
out uron Z satisfactory basis and that
~ finally passed by the legislature
il will prove ad~ advantageous 10 the
Nillacy district rs well AZ all irriga-
ticn interests.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
Prices of Grain
Ease Off Due to
General SELLING

CHICAGO, Jan. 2e.-P-Fairly
general selling carried wheat prices
downward owing a good deal TO low
er Liverpool quotations and 10 re-
ports of increased offerings from
Argentina, predictions were current
that wheat clearances from North
America are to diminish and Argen-
tine clearances enlarge.
Opening 80 to 1c off, Chicago
wheat afterward declined a little
more and then rallied. Corn, oats
and provisions were also easier. with
corn starting Ia to ic off but later
recovering.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
COTTON

LIVERPOOL, Jan. 2e.-tR1-Cot'
ton spot quiet; higher; American
strict good middling 11.24; good mid
ding 1854; strict middling 1854;
middling 10.4s; strict low middling
1913; low middling e.94; strict good
ordinary 9.74; good ordinary ga
Sales 5000 bales. 1900 American.
Receipts $4,000, American $4,000. Flu
lures closed quiet; January 1918;
March 1925; May 1898; July 1881;
October 1918: December 1918.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
JODDERS Will

Continued from page ons.)
Che assurance that the iobbers
would come TO the Valley again,
.and the next time we come we will
bring the entire convention" he
said.
Several other speakers, Valley
residents and jebbers, were called
upan by the postmaster and re-
sNfndsd briefly, each emphasizing
tHrt the new contacts formed as a
result Of the tour would prove Of
material benefit to Valley growers
and shippers.
Several Spanish dance numbers
we're presented By the artists of the
Casa Grsnde club, and when the or
chestra struck up popular dance
tunes the dancing floor soon was
crowded. Announcement was made
by the Missouri Pacific officials
that departure Of the special train
had been delayed until midnight,
and the festivities lasted until IL
o'clock.
On their arrival IN Brownsville
Sunday night the visitors found res
ervstions secured for them at Hotel
81 Jardin and their baggage. which
had been left in the special train at
Mission, had been transferred to
their respective rooms.
Leaving Brownsville at ~ o'clock.
the party arrived at Laredo at 10
o'clock Tuesday morning and will
spend the day touring the Winter
Garden area, arriving in San Anto-
Mo Wednesday morning az 6 o'clock.
from which point they will depart
fer their respective homes.
On their tour Monday the party
visited a number of the principal
packing sheds at Mercedes, Harlin-
gen and San Benito. their itinerary
including the farming communities
of Rio Hendo and Los Fresnos. Aft
er thar return to Brownsville they
were taken 20 the municipal airport
and then across rhe Rio Grands 10
Mstsnoros.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
COTTON open
IS IRREGULAR
Small Losses Made BY
Near Months; As
Others Gain

NEW ORLEANS, Jan. 29.-(Pl-
The cotton market opened irregular
with near months showing losses Of
l to 4 points in sympathy with low
or Liverpool cables and later posi-
tons opening ! 10 ; points up IN re-
Spouse TO a higher opening IN New
York. March sold up to 1927, May
1884 and July 1881, or I to 5 points
shove the opening and 3 to Z points
over yesterdays close.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29

this you'd be- impractical IL the pcV
er companies should b barred fret
Texas.
Eilers said taat hydro-electric poH
er could be used 20 run mills. whic
would save the people Of this stat
considerable money. He pointed c4
that TINS state was already behind NJ
industries and that the establlshreH
Of mills should not be discouraged
The senate committee was expecte'
10 met today or tomorrow 10 make
decision on the Woodward billu-
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
CITY BRIEFS

Dancing every evening at the
Martinez Green ard Gold Room.
i4th street. Victoria Heights, under
management Of Roy Garcia and his
twelve piece orchestra. No y
charge.-adv. 3.
Order now Michigan grown seed
beans for next year and save money.
Phillips Store, San Benito.-Adv. 80.
Dickey's Old Reliable Eye Water.
Red folding box. All druggists
ADV.
School Kids Itch vlnishes after a
few days by applying a piece Of cot
ton, saturated in Imperial Eczema
Remedy. TO affected parts at bed
time. All druggists are authorized
TO refund our money il il falls
Adv. I'd
Masonic Notiee-Sated assembly,
Rio Grande Council 253, r.
"a & S. NJ, Masonic Temple,
~ Brownsville. Texas, 1880 ..
TX n, this evening. Tuesday,
NY Jan. 20, 1929. Work in r.
and s. ". degrees. Visit
ing companions fraternally invited.
All members urgently requested 20
attend. r. D. Howan, I. /. NJ; w.
W. Ball, recorder.
Keep Monday evening. Feb. (, for
that bridge party 10 be given by the
Business and Professional Women's
club. It's to be al the Valley Bond
ed Warehouse. on the Paredes road.
Mems and women's door awards, and
six other prizes. Refreshments. At
s p. m.-Advv.
II will pay you TO read our rose
advertisement in this issue of The
Herald. T. r. Riggs.-Adv.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
NEW YORK COTTON

NEW YORK. JAM 29.-H-Ih
cotton market opened steady ~ nj
advance W . points to e decline "
2 points. Old crop positions, stead
N TIE opening. reacted 70 about yes
terday's closing quotations. The re-
crop sold of q few points right at
g. tne call.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29

York sacked per cwt rough $500;
hushei baskets washed SIS. New
York: Arrived 6 California, 2 New
York, 3 Texas. Supplies moderate,
demands slow. market about steady.
California crates S3.50-4.00, poorer
low al $500. Texas crates mostly
~s2.25-2.5o. few $2.75-3.O0. poorer low
as Sl.75. Bermuda crates mostly
$1.25.
Beets: New York: No carlot ar
rivals. Supplies light, demand slow.
market about stesdy. Texas crates
S2.50-3.0C; bushels Sl.65-1.75. Phila-
delphia: Arrived ! Texas, on track
10 cars. Supplies fairly liberal. de-
mand light, market dull. Texas crates
~$2.00-2.5G. Chicago: Arrived 2
Texas, on track 5 cars. Supplies mod
crate. demand and trading moderate.
market slightly weaker. Texas crates
S2.50-2.75: bushels ~si.T5-l.s5.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
POLO TOURNEY

Continued from page one.J
that drawing for the parking spaces
at the Fort Brown polo grounds
would be conducted Tuesday after
o at either the chamber OF COM
neree or The Brownsville Herald Of
flee, the list Of spaces TO be an
rcunced Wednesday.
Preparations for the tournament
are progressing rapidly at Fort
Brown, and officers predict IL will
be n of the most interesting ever
played On the border. The Wichita
Falls team showed splendid form In
reesnt games with Abilene az San
Antonio. and the American and Mex
lean cavalry team captains predict
close games throughout the tourna-
ment.
BUTTER AND EGGS
CHICAGO, Jan. 29.-(P-Buttsr
unchanged.
Eggs lower: extra firsts IL; firsts
39d4o; ordinary firsts 32G36.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
PnE-LTRY-

CHICAGO. Jan. 2a.-Pl-Fcuitr.
steady: fowls 2S: springs S2: rooster
p; turkeys %; ducks so; geese a.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29

Continued from page one.l
storage dams 90 conserve flood wat
ers for irrigation purposes and that
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-01-29
Truck


Department OF Agriculture, United
States Bureau Of Agricultural Eco
Monies and the San Antonio, Texas,
hCamber Of Commerce cooperating.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-09
MERCHANTS PLAN
FOR HEAVY SALES
Millions to Be Spent in Con-
nection With Approaching
Sport Events.
BY ]. C. ROYLE.


Special Dispatch TO Inc star
NEW YORK, May 9.-Coming sport
ing events cast their shadows before.
and consequently merchants are Scram-
bling to get into the shadows. For
hundreds Of millions of dollars will be
spent in various ways in connection
with four sporting events within the
next month.
These are picked out merely because
their size and prominence make them
excellent illustrations OF the effect Of
sport on business, although the aggrc-
gate spent on the minor events In that
lime will be fully up 20 the totals fCr
the big four"
All of these events are connected
with racing. More than $4,000 people
gather to see the running of the Freak
ness stakes at the Pirnlico track IN
Baltimore. This will attract the best
dressed men and women OF the cast,
north and south. Thousands OF dollars
will be spent in gasoline and tens CT
thousands in railroad fares to get them
there. Nearly every woman who attends
will have either new frock, a new hat
or some other piece OF new wearing
apparel, since the gathering means a
display of feminine styles as well as
equine speed.
1t Is conservatively eStima ed that
$25 900 900 will be wagered on this race,
the pari-mutuel machines at the PIN
lico track. Whether or not betting is
wrong, morally or economically, 1t will
put a large sum into circulation and
somebody will spend great part OF 1t
even II their spending curtails the ex-
penditures of the losers. This will be
felt all over the Nation, for wagering
is not confined to those who attend or
those in nearby cities and States.
The PreakneSS will be followed on
May 10 by the running of the Kentucky
Derby Conditions at Churchill Downs
will be similar to those at PimliCo but
to a heightened degree. Nearly twice
as many people are likely 70 attend
since the pilgrimage to Louisville, KY,
to many in the south, east, west and
middle west is like the journey to Mecca
to a devout Mohammedan.
On Decoration day, the motor will
replace the horse in interest and at
least 10000 people will 60 to Indian
apolis to see the great automobile race
which has become classic in world
sporting events. The gathering there
probably will not be SO "dreSSy" an
occasion as the two outlined above,
since more people will come III motors,
but even here the apparel sales will
experience decided kick forward. The
betting will be confined to individual
wagers between friends to a good
extent, but the aggregate sum spent
will be enormous.
There are some 10000 Americans new
in Great Britain and all who can do so
probably will make an effort to see the
running of the English Derby at EPSON
Downs on June 5.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-09
New Securities

BY the Associated Press.
NEW YORK, May 9.-New securities
offered today include: :,
Two million five hundred thousand
shares Curtiss Airports Corporation
capital stock, without par. value, at
$3.50.
Twelve million one hundred and fifty
thousand dollars Merchants & Traders
Bancshares Corporation class A partici-
pating and cumulative stock, $40 par
value, at $3.50 a share. -.
Nine million dollars Gull States Utlll-
ties Co.. first mortgage and refunding
S per cent gold bonds. due September
/. 1855. at "a and interest.
Three million one hundred eighty
seven thousand five hundred dollars
Lloyds Casualty Co. capital stock at
$3.50 a share.
one hundred nineteen thousand two
hundred shares Gable Radio Tube Cor
poration common stock voting trust GER
fificates at S16.25 a share.
Two million one hundred eighty-four
thousand dollars City of Paterson, N. j..
Az per cent bonds, due 1880 to 1869, TO
Weld 525 to 435 per cent.
Six hundred thousand dollars flrst
CLOSED mortgage) 6 per cent sinking
fund gold bonds of Rhode Island Cnaln
Store Terminals, Inc, due May !, 1885,
at 100 and interest.
Eighteen thousand shares Viking OIL
Corporation no par 81 cumulative ana
participating preferred and $4,000 shares
no par common, in units OF one snare
each, at $31 a unit
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-09
HIGH MONEY RATE LAID
TO GRAIN SPECULATION

BY the Associated Press.
NEW YORK. May 9.-One of the
theories advanced for the persistent
stringency in the New York call loan
market is that funds have been with
drawn by spectators in wheat futures
to bolster up weakened margins during
the recent decline in prices to the low
est levels for this time of year since
1924. May wheat has dropped about
% cents bushel from its high of
the year. 1t is also believed that farm
ers are unwilling to sell their holdings
at the current prices and are therefore
borrowing more than normal at the
banks to finance Spring operations.
Bankers see little hope for. any
marked improvement in the supply of
call funds in the near future because
of the large sums which will be re-
quired to take care Of new financing
planned by several large corporations.
It is estimated that between now and
July about $4,000, 100000 will be re-
quired to take care of the exercise Of
rights which have been granted for
stocks and bonds, being offered by such
companies as the American Telephone
& Telegraph Co.. the Baltimore g. Ohio,
Chesapeake & Ohio and Southern Rail-
ways and Anaconda Copper.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-09

dividends on this issue. Earnings, how
ever, must increase to more than S. on
the A stock before the common will
receive anything. Since 1922, the COM
pany has shown earnings on common
only in 1925 and 1924 and dividends on
that issue seem quite remote.
Old Dutch Cleanser.
Cudahy is fortunate not only in hav-
ing q comparatively simple capital set
Ip but also in that its widely advertised
odd Dutch Cleanser" is the largest
selling cleaning powder on the market.
It is said that Cudahy's relatively stable
earning power Is due in no small
measure to this one product.
Cudahy has two issues Of cumulative
preferred and an issue of bonds ahead
Of the common. This last year bank
loans have been increased quite sharply
due to plant expansion, but part of this
money is to be repaid through an issue
of rights to stockholders.
In only one of the past 20 years has
Cudahy failed to earn profit. Average
earnings exceed present common divi-
dend requirements by good margin.
At 81, the stock, paying 81, yields IA
per cent, which reflects the wide f1uctu-
atoms in Earnings characteristic OF the
industry. Since earnings for the last
six years average 1914, however. the
dividend seems safe and the yield Is
decidedly better than is available on
many standard industrials.
Swift Has Fewer Debts.
Swift g. Co. is the second largest meat
packer, It also has the simplest capital
structure of any of the big four, with
$84,O00,000 bonds, notes and bank loans
ahead Of $50, 10000, 900 common stock.
Its loans carry low rate Of interest so
that the company has been able to
show good earnings on the common
stock each year.
Swift has shown steadier earnings
than any other packer. In the last sew
eral years it has never failed to earn its
So dividend, and averaged earnings
have been $3.50. The stock is selling on
the Grub around 1870, at which price it
yields 81 per cent and sells at about
Is times last years earnings of $987.
Cudahy, for comparison, Is yielding IA
per cent and selling at about IL times
earnings.
tCopyright. 1927
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-09
WHEAT CLOSES LOWER.

CHICAGO, May 8 LP).-New smash
ing down of wheat values today carried
all future deliveries to much below any
bottom record heretofore met with this
season. May delivery of wheat went down
to the lowest price at this season Of the
year since 1914. Selling was on a
large scale. and cattle chiefly from
wheat holders continuing to let go
ownership that of late has meant
heavily increasing losses owing to big
supplies and relative slowness of eX
port demand. At today's bottom figures
the wheat market was of more than
80 cents bushel from top prices cur
rent last February.
Wheat closed unsettled. 34 to Az
net lower: corn, 2aa to down; oats,
II to l34 Off. and provisions unchanged
to q setback of Is
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-09
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, May 9-White
potatoes, 100 pounds, LOCAL so; new po-
tatoes, barrel, 4.50a7.75; yams, barrel
2o0a4.00; sweet potatoes, barrel, 2.00a
3.T5; asparagus, dozen, 1.25a3.50; beans,
bushel, 1.25a2.75; cabbage, hamper, 65a
lis; carrots, crate, 2.25a3.50; celery,
crate, 2.50a3.75; cucumbers, hushel, ! .75a
500; eggplant. crate, 2.5oa4,Oo; kale,
AIS; lettuce, hamper, 50al as; onions,
crate, 1.5oa1.75; Spring onions, hundred,
LOCAL. Is; peas, hamper, 1.00a2.75; pep
pers, crate, 2.50a4.50; radishes, hundred,
150a2.0 90; spinach, bushel 30a85; to-
matoes, crate, 1.75a5 90; apples, bushei,
75a2.00; grapefruit, box, 200a3.25;
oranges, box, 2.25a4.00; strawberries,
quart, tails.
Dairy Products.
Live poultry-Spring chickens. pound,
S5a47; Leghorns, S4a42; thin and poor,
25a28; old hens, 35a36; Legherns, 28a
80; old ROSTERS, 1Sa20 ducks, 20a25;
guinea fowl, each, Soal.oo; pigeons,
Eggs~Receipts, 1910 cases; native
and nearby firsts, free cases, dozen, 29a
2sA current receipts, 20a22.
IOdEoy NUS H0uoAt OAOSAS w.
so; - lies, 35a3a; rolls, 'S3a35; store
packed, 31a32; dairy prints. SSaS4;
process butter, 42a43.
Hay and Grain Prices.
Wheat-No. 2 red Winter, garlicky,
spot, los; May delivery, los.
Corn-No. 2 export, May delivery, no
quotations; No. 2 yellow, domestic, spot,
i03a1 .04; cob corn, 5.50a5.75.
Oats-No. 2 white. domestic, spot,
go: No. white, domestic, spot, 57a5o.
Rye-Nearby, LOCAL. 10.
Hay-Receipts, none While hay is
arriving here in limited quantities only,
it is more than enough for the demand,
which Is being supplied mostly by truck
from nearby points, a few carloads be-
ing received There is not enough bust
ness passing to establish prices on the
various kinds on merit at range OIL
140Oa16.O0 per ton of timothy or clover
hay.
Straw-No. wheat. 12.00a12.50 per
ton; No. cat, 12.50al3.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-09
CURB SHARES GAIN
AFTER EARLY DROP
Relief of Credit Tension Is
Followed by Resumption
of Advance.
BY HARRY II. BECKER.

Special Dispatch to The Star.
NEW YORK, May g. Lower call
money rates checked an early reaction
which temporarily unsettled prices on
the curb exchange today and brought
about substantial recovery all around.
Before the lending charge was
marked down the speculative element
seemed to show real alarm over the IA
per cent renewal figure and offered
many issues in heavy volume. Although
there was fairly general reaction, this
failed to produce any real liquidation
and when pressure lifted quotations re-
bounded readily.
Although the transfer of the most
popular recent utility issue to the big
board took some of the Zest out of the
group. it did not hurt volume or dimin-
ish interest in stocks like American
Superpower, Electric Bond & Share,
Allied Power & Light and Electric In
vestors. Most of these turned down.
ward after initial buoyancy and the last
named was the feature. 1t climbed sew
eral points on top of the recent big rise,
but subsequently came down or
points. The declines in United Light &
Power A, Southeastern Power, United
Gas Improvement and American & For
eign Power warrants were more abrupt.
Reactionary tendencies also appeared
in aviation shares after Fokker and
Douglas had reached new highs
Strength of Fokker was especially sur
prising, in view Of the denial Of reports
that two concerns were fighting for
control of the company in the open
market. Douglas was influenced by ia
vorable expansion news and its current
high rate of production. Although SELL
ing affected most of the other airplane
issues. declines were small.
Better exhibition of the oils on the
Stock Exchange was without effect on
related issues, the majority of which
were comparatively heavy. Lion Oil lost
part of its recent strength in the face
of announcement that a block of the
issue has been listed on the Chicago
Exchange and predictions that earnings
this year would be more than $3.50
share on the outstanding stock. Trans
continental Oil preferred rose several
points to a new high peak, while New
York showed no effect whatever of the
recent dividend declaration.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-09

6o4 FIFTH AVE. NEW YORK N y
Phone Bryan 5000
- HEoApwAY. INV YORK. N. Y.
PboTe 5oVIiss Green 3144
9TH AT UNIVERSITY. S1ATTLE, WASH.