Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
DAYS
IN BUSINESS
Seen BY ALL
Valley B o n d 8 Held
Good Security
In East

That the Magic Valley A. "a won-
derful place, and one not sufficient
Nv known in financial circles of the
East: "a locality which has in store
for ~ great things in tine future.
and that business conditions over
the entire country are very prom
ising following the slump of the
past few months, might be sum
married. as the general feeling cf
the f~inanciers 0f the East and Md
die West at the end OF days visit
yesterday.
They were guests or the Port
Isabel Company.
These financiers came into the
Valley. as they expressed II. merely
to inspect II. Those who had visited
here before expressed themselves as
witnessing a remarkable growth,
especially within the past five years
and predictions were made that the
growth Will be doubled in spans OF
years ranging from five 10 ten.
And these were big business men
talking, representing some Of the
largest monied interests Of the
country, whose statements are al
wavs guarded and careful. and Of
an entirely different type from the
sales talk OF Just an over-zeal0us
well wisher. There were some In
the party whose statements with re-
ference 10 finances if published tn
New York newspapers. cr known on
the floor of the stock exchange,
would affect the market.
insult sees big Future
Taking " Igw Cl their express
st0ns as Lla-r Aalus were shaken
1y "a newspaper reporter tnAl UI
Martin ~. INaLll, president uL tine
AIluGIe Mes- utilities company l
O5ner Wuraa, IN leader Il LLI LlLL
plant ana electric railway WUIAl-
were PROBABLY the most guarded.
Mr. insult has been tD tha valley
before, and 10 was hIs company
which recently made tLe statement
nat 500, u00,uJ0 would LIZ expended
In expansion and which he rul4gIaL-
" last night. HG said that ill., saw
a great development here since MS
last visit, and he could see a bright
future for this section
Asked II some OF that $500 100000
which would be expended over the
country as a whole would come 70
the valley. ne answered that a poT-
ton would be allotted 70 Texas as
a state, but did not refer TO any
particular section.
A. c. ALVIN OF Chicago, represent
ing the company bearing his name.
has handled some So 100000 worth
OF Valley bonds. When asked about
the Valley bonds as a whole he said
that the securities were considSl1d
good, although some little furry
had been experienced over Hldalgo
county bonds, but quickly added
that he thought the snyness would
soon pass. We have no fears for
HidalEO county. Their troubles are
really iust reaching the eastern
marts and All that LIN wanted there
* 20 know that some one, OK some
faction has taken hold and IN
handling the situation as ~ should
be handled
lie SAID the Valley. E0 far, BE-
cause vi its independent production,
has felt comparatively little 0f the
business slump felt in other section.
ana added that i5 would take still
another year Of such conditions to
effect it. which he does not &C. n
the future.
Investments May Result
James Ill. Martin. a partner of the
Pynchun company of Chicago was
especially optimistic with references
to the future oI the Valley He said
that one of the greatest needs OK
this section today is more inspec-
lions by such representative men OF
monied interests as we're then pres
ent. Asked II he thought the pres
ent trip would result IN investments
by those present, he declared han
undoubt- dlv II would, adding that
so far rs he was concerned. he
CONTINUED OF page 81