Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-08-11
MARKETS
NEW YORK STOCKS

NEW Iokhhs aus AAs AhA neC~h
market developed n firmer trend to-
day after early heaviness among the
rails a brought generally lower prices.
Union Pacific. after dropping 2 TO
n new low, more than recovered Its
loss and Atchison made UP n similar
decline. American Telephone. u. s.
steel. American Can. Westinghouse and
Consolidated Gas rallied / to l "a
when the quiet upward movement got
under way. Auburn. Allied Chemical.
Eastman. American Tobacco b and
Columbian Carbon were up 2 70 3
Extreme gains had been slightly modi-
fled by noon.
Call money renewed nc l IL per cent.
NEW YORK COTTON
NEW YORK, Aug. IL. (AP)-Cotton
opened steady today s to 10 points
lower under a renewal of liquidation
or reseIling inspired by relatively easy
Liverpool cables.
Prices here did not make a full
response to the showing OF the English
market. however. ard there was enough
demand TO steady the market within a
point or two OF The initial quotations.
October contracts sold off 70 6ST ana
March to TAO with the market show
ing net declines OF about 10 to IL
points at the end OF the first half hour.
DA1lLEo1 was o@N@F1 "N
some trade buying as well as covering
reported on the declines. while the
selling as scattered after the very heavy
liquidation OF Monday.
Liverpool cables said that continental
and Bombay liquidation In that market
had been absorbed by covering at the
decline. Manchester was reported un-
settled with business much restricted,
Trading became less active n prices
steadier after the early offerings had
been absorbed. The opinion was ex-
pressed In some quarters that the mar
ket had been pretty well lquidated and
this idea may have led to some buy
ing orders which had been withdrawn
right after the publication Of the CROP
estimate. had been put back in the
market. Rallies. however. were limited
and nj midday October was selling
around 693 and March 746 or Z to :
points net lower.
NEW ORLEANS COTTON
NEW ORLEANS. Auf. II. tAP)-Ths
cotton had rather a quiet and easier
opening. Liverpool cables came IN lower
than due and first trades here showed
losses OF 6 to 7 points. Prices rallied
? to 4 points right after the start or
a little covering. but soon eased Of
again owing 70 q lack Of buying power
October trading down to $50 and
w. AHRSN -
yesterdays close.
Near the end OF the first our the
market was very quiet II At the lows,
The market ruled comparatively quiet
all morning. but prices gradually I'm
proved owing 10 shorts covering and a
scarcity OF contracts. october traded
up 20 T.0i and December to T22. or
IA points above the early lows.
Al mid-session the market was quiet
end steady and only two points under
the best.
CHICAGO GRAIN
CHICAGO. Aug. IL. tAP)-Grain
prices averaged lower early today after
an initial show OF firmness that result
ed from unlocked for upturns of Liver
pool wheat quotations. A bearish con-
struction put upon the United States
government crop report as to wheat,
however. led 10 enlarge selling. and so
likewise the corn belt rains. Opening
unchanged to SD cents higher. heat
afterward underwent a general sag. Corn
started 3-s off to 3-S up. and later
declined all around.
LIVESTOCK
CHICAGO. Aug. II. tAPD-CU. S. D
A.l-Hogs: 1900; i-tiuc ~ 1000 II ~
market fairly active. mostly 1915 low
er tina Monday: heavy and packing
IT'S: top 100: 220-270 lbs. 675-765 pigs
625-T 90: packing sows 435-5.90.
Cattle: 5000: calves: 2.500; grain fed
steers and yearlings fairly active and
fully steady: $50 paid for S56-lbs. steers
Best weighty earlv steers 925: mixed
offering up to $50; good markets on
steers OF value to sell at 500 upward
Grass kinds and she stock slow: other
kinds mostly steady: slaughter cattle
and vealers: Steers 600-l50o bs. a.00-9T5:
common and medium 600-1300 lbs
425-8.00: heifers S50-s50 lbs. 6.50-o.50.
COWS 375-67S: bulls Cyeariings exclud-
edl tbeefl 400-5.00: vealers milk fed
s.00-l0.00: medium 6.50-8. 90: stocker end
feeder cattle: Steers 500-l050 lbs. .fo-
TOO.