Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-08-06
NEW YORK STOCKS

NEW YORK. Aug 9. ~(APl-Stocks
moved i~rregularly In q narrow range
today. Early fractional losses were re-
covered In a number OF principal shares
n moderate declines elsewhere were
reduced.
New York Central. after dropping q
IS TO II Ia. the lowest in ten years,
cut It's decline 10 q fraction. Ameri-
can Telephone dipped half a point and
then showed q net gain OF similar
sire. u. s. Steel sagged to 80 "a. a new
iow for the movement before making
full recovery. Union Pacific. American
Tobacco p and Foster Wheeler sagged
q point. Western Union lost 2. Case and
Columbia Carbon rallied one.
Gail money renewed ut / IL per cent.
NEW ORLEANS COTTON
NEW ORLEANS. Aug 8. tAP)-The
cotton market had a quiet but STEADY
opening. Liverpool cables were very
much better than due and first trades
here showed gains OF S 70 8 points
which was hardly a fun respcnse 70 the
advance abroad. The market gained
. little further after the start owing
TO Berlin cables reporting that the
German government has offered 70
buy 600. 900 bales OF the farm board
cotton and lake an option on 100000
haies additional. October advances TO
sic and December I oS.37. or 8 20 ?
points above Yesterdays close.
Later prices eased off 8 points from
the top on some liquidation IN advance
Of the government report due SATURDAY
At b End OF the first hour the mar
kee steady and 2 to } points ABOVE
TE market ruled very quiet all
morning with prices fluctuating narrow
ly within the earlier range. Near mid
session prices improved somewhat from
the lows. October trading at sl4 ana
December at S.34. or S to 7 points above
yesterdays close. This improvement was
attributed to several rather smaller
crop estimates than those given out
earlier In the week. !.
Three private estimates are issued
during the morning. one placing the
cron ut i4.ii7. 900 bales, another AZ l5,-
average guess OF the members OF the
New York exchange Is 13,sl3.O0o bales.
NEW YORK COTTON
NEW YORK. Aug. 8. (APl-Cctton
opened steady today. 4 TO 8 points
higher in espon 70 relatively firm
cables. There was only a moderate de-
mand. however. n after the opening
demand had been supplied. prices cas-
ed under a continuation OF the recent
selling movement. which appeared 70
be promoted by the ruling OF stocks
and wheat.
After selling UP 20 s13 at the start.
October reacted TO 8.07. lille January
sold off from siT 20 $40. or back 20
approximately yesterdays closing quota
ticns. Three more private crop reports
were issued with condition figures
ranging from 7O6 20 734 and figures
on the indicated crop from l3,4So.OOO
ur TO 600 bales.
Liverpool cables reported covering
trade calling and continental buying
In that market. but said that sales Of
cotton cloths and ynrn were poor With
confidence lacking.
Trading was quiet later In the morn
ing and fluctuations were narrow with
the tone no better han steady az about
yesterdays closing quotations. Cover
ing became n little more active on the
din and there NAV have been some
buying on expectations that the
strengthened technical position ~ the
market would reflect by rallies I'm nd
vance OF next SATURDAYS government
report. There seemed little inclination
70 follow up the advance with buying
orders and the market az midday was
rA'hng around $50 for October and s43
90 January.
CHICAGO GRAIN