Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-09-23
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BY H \ PHILLIPS
OUR OWN STOCK MARKET
REPORT
Fulfilling the hopes Of investors
for the first time In weeks, stocks
made a fine show OF strength to-
day, such investment issues as Steel.
Telephone and Can falling only four
points the first hour. National Bis
cult was another decidedly strong
issue.
During the first fifteen minutes
Of trading spectators were inspired
by an unknown pool operators bid
Of four hearts for $4,000 shares OF
American Locomotive. This was top
ped by a Detroit operator with a bid
OF four spades. Morgan interests
finally got the stock for five no
trumps.
I. T. a. T. was very active, 10000
shares changing hands on one trans
action, the buyer getting them for
NO dozen eggs, a loaf OF rye bread
and q pair Of yellow shoes, slightly
worn. This was a new high for the
stock this week. 1t turned traders
bullish and there was n sale OF
1000 shares Of Montgomery Ward
for a reprinted golf ball. q barrel OF
cider six cigars and an old bureau
said to have once been owned by
Admiral Dewey. A willingness 10 go
that high for the issue is taken
by market experts as indicating that
the buying was by insiders who are
in possession Of good news concern
ing earnings.
Around noon the market a little
dull possibly due to the fact that
all active traders went to lunch OF
Joe's drug store, but at 1880 there
was q buzz Of activity when there
was lively bidding for General
Motors. One trader, said to be a big
western bull. offered a trout rod. a
bag Of marbles, two floor lamps and
a collection Of mounted butterflies
for 10000 shares. Interests thought
to be close to John Raskob offered
a pair Of binoculars, q hair sofa OF
early colonial design and a season
pass on q roller coaster for the same
number OF shares. Raskob finally
got them by agreeing to throw in a
pair of pliers, an old violin and six
ears Of sweet corn.
New York Central was stronger.
at one time commanding a dozen
cinnamon buns per share. The oils
were in good demand, a Boston man
causing a sharp run up in Standard
Of New Jersey with a bid of a eek
OF potatoes and eighteen back num-
bers Of Worlds Work for 1000 shares.
One hundred thousand shares Of
International Nickel found a new
high at one package Of chewing to-
bacco per share. Radio vas bought in
| volume following the entrance or a
big Wall Street banker into the mar
ket With an offer Of a yachting cap,
one cup custard. five pairs Of golf
sox, a slide trombone owned by his
grandfather and six horse car tickets
, for all the outstanding common.
There was considerable excite
ment around 2 p. m. when three
well known spectators started bid
ding for Case Threshing- Finally
100000 shares went to a St. Louis
man for a bird dog and an electric
cigarette lighter. Case Is always a
spectacular actor.
American Metal hit a high for the
! year when 300. 900 shares went to a
well known financier for a box Of
Swedish matches and an old pro-
gram OF "Floradora."
There was a bid OF four Belgian
hares and an old snuff box for $4,000
shares of Canadium but nobody
could recall the stock. The bidder
finally took 5000 shares Of Sears
Roebuck, 10000 shares OF Stude-
baker and a ham sandwich ton rye).
After a little dizziness around ais.
there was a sharp furry when the
floorman for two leading financial
houses shook dice for the outstand-
ing supply OF seven so-called blue
chip securities.
The market closed rather sensa-
tionally with a great bonfire kindled
by 20 leading investment trusts.
Marlene Dietrich, movie star, has
been sued for alienation of affec-
(, tons. If the plaintiff wants to win
a verdict she had better get a court
order making Marlene's appearance
a dress affair.
A rortcare ar s65 0O0 nnn was nIac-
ed the other day on Radio City N
New York. III 1t ever becomes neces-
sary TO call it, the calling will prob
ably be done over a national net
work by Graham McNamee, Rudy
Vallee and Morton Downey.
PLEA oFAHAY FEVER
On, Mr.. Edison this is
The season OF the year
When I-kerchool-tu-n tearfully
And yearn SO much to hear
How 90 those tests OF yours. oh
great
And scientific god.
To turn-kerchooi-to rubber all
The blank blank goldenrod?
The decision to discard the new
golf ball eliminates all except three
or four thousand details that cramp
the style Of the American golfer.
The discarding Of the lighter golf
ball comes as the first break the
Hoover administration has had. And
the most remarkable thing about L
4 trat it was done without the help
of the Wickersham committee.
Dailu Health |