Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-08-02
MARKETS


NhAtANU NHAfW
CHICAGO. Aus I. tApl--A jump cf
4 cents Ia the corn market to-
day gave evidence that believers tn
Spectators we're quickly Htampcdn6
who dared % sell corn short despltAN
that thn bulk nR readily
Available supplies for delivery 0n sept
rfnbcr contracts were ln thn hands uf
the men who captured control in thm
month Just ended "A buying rush thmh
followed early selling. based un news
rains N drought diatrirtn. found
offerings scarce. and corn closed houf-
ant az the days top figures.
Corn finished active az i-a-1 il cents
advance. Wheat was AlurHiah. mnRHinH
the ali-tima bottom price record
for September contracts, M rallied hY&l
corn closed i-4-i-7 higher win udft
9-s-s-a up. ann proviHioNA puncnAnHrd
corn bears were in not water VI w
except Tor q brief time ~ ths
start.
Reports from Washington and her.
I'm about negotiations for sale ~ Cow
eminent financed wheat abroad had hue
iitslc market effect. of wheat rufe
heavy. 500 cars, INV much wheat ~ be-
lnK moved down thr inkr~. OAts likm
wheat rallied with corn. Oats crop news
WINS bmiisrh. w.
proviaicna were responsive w u1rrr
strength. despite weakness ~ roc
values.
Closing indemnltiea: wheat. sent -.
81 i-a.f-f. Dec. 50 f-a-f-A IS 3-e. March
So offers. MAY 80 IA bids.
Corn Sent. - 1854. So; nee a. T-e-
AZ. A T-a-4s; May. 40 - offers.
NFw WORK STOCKS
NEW YORK, hu#. n. fAPl--The credit
tr the Bank cf England. tho rise in
the Raicha banks discount rate ans
the proposal 90 sell surplus wheat and
20 Germany provided the cad
inR developments OF financial interest
today.
shares on the stock exchange firmed
after some early casiness. AID European
bonds reflected a more favorable ntti-
tudn towArd conditions across tho
Atlantic. Grains were. steady. mithouRAN
cotton sngRcd under hthe Influence .pf
from Europe. On the -hnlA.
however. ~ was a dun daS fu nfr erect
lens.
Tne IN stocks amounted ~
sss $50 sharcs not much large ,nani
weeks aRo "a
Net gains we're modest. hardly dx4
caedinR n point I'm principal iaHtlnxA \
The s25n. 00n. 600 credit t0 the HMnk
England. extended wv thm two prfmrt~
pal ccld-hnldtnR central banks. cant
somewhat Rs "a surprise. but Wal
street n no sense inferred that it&1
establishment indicated an emerEencVj
at London. Rather. IN earerngemcnt was
ad n move % fortifv tho nritisl<
banks own efforts % build up 10
gold reserves and the pound sterling.
The jump I'm thR RrichM hAnk rata 60
rs nrr cent from fn while imposing
some h~nrdHhipa 0n German huAinmNM{
N nevertheless considered WV n rcnl
atructiyo step. since IN Will m~ttrnrtI
capital back ~ Germany.
sterIine's rlse 70 $3.50 FOR cables FEE
tured the foreign c~urrencies, which were
mostly firm.
NEW YORK cOTTON
NEW YORK. Aug. v. fAPl--cottcn(
itA down ward course today |
priceN declining tn new lew levels fDFt
the EarAnn and fur the first time since
seen orr the board when the AUGUST
position wa quoted nominaiiy ne TOT.
The December position closed at aa5.
with a ioaS Of "a points. while tbs
general marRct closed easy &C n TO 10
net lower.
Reports from Washington that v re-
ducti0n OF about I'D per cent I'm he
$50 MA MNHN M NNNN" H|NM
been used nn SEXTON fer 49, rrmMnnb
compared with Last year attract
"a little attention AH this wnM thought
20 have been offset Wy Unusually favor
able weather FOR the best interest or
the growing crop. Some market stud
cnts were stiii ~concvinccd that the
technical position Of ihe market was
firm and In some quarters ~ was pre-
dicted that shorts nay want Eo rD=rr
the publication of thc bureau
due nt noon on Aus. "
Cotton on ~shiphDArd awaiting cinnr~
ancr nv tine end nf thn week wnH re-
3B.H5G bales rrmrmrmf with g.
sfp n year v and z2ei7 two years
ago.
LIVESTOCK
PORT WORTH. AUG I. fApl-fr. r.
Dept. Agr. Hogs. 500: not enough
offered tn test marKrt; few 1nx-in
truck huRw IT'S. fnedfr riga T.5D.
Cattle. 700. tcdmv'A trade nufmAnmis ynr
week. SLAUGHTER steers fully 1S higher.
better grades INV yrmritnmm about 1H
higher. others HrnHtff steady. cows HrH<
cutters steadv fo slightly ruaWH
bulls around rs lower: stock vn&ffEuk~
UNCHANGED: slaughter calves so-73 cp4
weeks tors. fed steers TOO. fed venr.
iinrs as0: good fnt cows as. stce3r
steer vcarsgnrH r1a. bulk prirnEs fHf
sewers s7s-e TO- better grades fnt rnar~
T0n-T 5ns rood fht cows 500 rn:
butcher cows u.s. nut cutters nrnNnt
~ nns low cutters fa5-f.7N stock y<zr~
llnEA Bno-61ss hnnvT fHt cAlve< AS
400 "a saEts $500
s>,