Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-09-30

NEW YORK STOCKS


NEW YORK. Sept. 30. tAP)-The
stock market was highly cratic in
active trading today. A moderate open
ing decline quickly gave way TO q live
lyq rally which boosted prices 2 TO 5 pts.
but these losses were largely lost In a
succeeding selling movement. However.
the market stabilized II quotations
again firmed.
U. s. steel. rising 2 3-s on the .irst
advance. broke 70 q new low at II Us.
or IL net lower. and then recovered.
Rails were consistently higher follow
ting yesterdays resistance. New York
Central and Baltimore A. Ohio rising 2
points. American Can. Eastman n Ma
tiona1 Biscuit met support. American
Telephone wal irregular.
Call money renewed az Ia per cent.
NEW ORLEANS COTTON
NEW ORLEANS. Sept. 30. tAP)-Cot-
o had a quiet but steady opening to-
day with Liverpool cables a shade better
than due. First trades showed no
change to one point decline. Prices
eased off slightly right after the start.
December dropping to COS and Janu-
AIRY to 6.13. or 2 70 J points below yes
terday's close. although there was fair
trade buying on the scale down.
Later I n ne first hour the market
rallied and became somewhat more
~ . A&
stocks at the opening. Considerable
buying developed due to shorts cover
Ing. December advanced to GIL
and January TO $40. up 7 70 9
points from the early lows and 4 to
Q points above yesterdays close.
Near the end OF the first hour. the
market was steady. at the highs. and
showed more activity
The market was somewhat more active
after the first hour and continued 10
improve h greater part OF the morn
ing In sympathy with a better stock
market and moderate rad buying.
There was also short covering.
December traded up TO els and Janu-
AIRY 70 ga. OK IL TO Ia points above
the early lows n 8 to 10 points above
yesterdays close.
Near o prices eased slightly owing
70 some hedge selling and a little pro-
fit-tnking by scaipers, the decline from
the highs amounting to six points. The
undertone at noon however. was steady.
A private estimate n the crop for the
II older cotton states was announced
1t l5.i3s.oo Q bales.
NEW YORK COTTON
NEW YORK. Sept. 30. tApD-Cotton
opened today. 3 points higher on Octo-
Der but generally ] 70 , points lower
under overnight selling which seemed
$50 " III HOuLu
December sold off TO sos and March
70 6.3i under the initial pressure but
offerings were absorbed by trade buy
ing and h market soon turned steadier
with December advancing 10 6.lO and
with active months generally ruling
about , TO 9 points higher at the end
OF the first half hour.
Liverpool rallied sharply lust before
n local opening. Private cables At
trioutcd the early decline there to
hedging. London and Bombay llqu.da-
ton and reported fair cloth sales 70
China. ~
A private report estimating thu cron
OF lS.1s2.oo bales appeared TO be with
out any particular effect on the market
Prices steadied after the initial offer
fngs had been absorbed and while Ne
demand tapered off. there appeared 70
os comparatively little for sale. wisn
q market cuies and steady later IN
the morning. December sold up 70
6.l3. or 8 points net higher and The
market ~ midday showed net advances
Of about 5 10 6 points.
KANSAS CITY LIVESTOCK
KANSAS CITY. Sept. 20. fApl-fu :
q. A-)-Hogs 1000: strong 10 10 higher:
ton Sis pm 1eo-25o lbs: rood and choice
1l0-150 lbs. 43s-5i5. packing sowe
ASSOC lbs. , sn-4 so: stock pigs. TO
13n lbs. 42s-4s5.
Cattle $500: calves 100: native FED
steers and vearlinrs steadv: other classes
steady 10 weak: ton 1888 n. fed steers
~ EA