Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-19

NEW YORK Julv Is. tAP)-Inasmuch
nn tire foreign markets were closed ana
wall Street was unwilling 10 make n
move pending Developments at the
Franco-German conference ln fzr.s'
stocks spent two hours Of virtual idle
ness today. -
GERMAN government bonds. On The
ether hand. rallied confidently y
other o~blieations OF German oriSin
moved upward Nth them. domestic
issues were quiet and firm. MneA. $50
"a. but corn and cotton were STEADY.
weakness OF Sterling was a feature
of fhe DAYS markets here. Cables DIP
ped So OF a cent 20 s.84 5-S.
Stocks opened heavy and EXTENDED
shrir Losses in the early trading. During
ire second hour. however. prices firm
ed slowly with the result that the stan-
dnrd statistics averaged invoivine -
frstlcs finished unchanged. Final quota
sons on ". 8. steel. American Can.
padio standard Oil Of New Jersey, Tex
49, corn and Montgomery Ward. some
~ which had been off n point. We're
rxactIv the same as the previous ciose-
Wheat sagged hall 2 E : re~ar
Receipts were partly responsible lor 80
~roderafe selling. Corn closed uncnanEeu
TOSS higher. Influenced ~ GOVERNS
end u~nfnvnrabie weather. Cotton vas
irregular but narrow. ending the ohy
/ point lower e : higher.
NEW YORK COTTON
NEW YORK. July Ia. lAPl-Signt
~rrn,np advance in cotton was follow
~ ~ reactions today. but prices stead
"a up again IN the later trading octo-
r~~ rnnfracts. after selling OH from
\ "a ~ oar. rallied 20 9.4T and closed
stoE TIE final tone Of the market
r.s steady at a net decline OF ! point
~ .Tstiv but generally ! 20 = points
ns wh.le favorable opinions Of weather
ana crop progress remain raucn ~
evidence. there were reiterated COM
plants Of too much rain IN sone
tlona of Texas and II was feit tnat .
~r-r*sns1rr1 ace OF recent rains and snow
rrx might regivs np~prehenslons on w
$3.50 damage. The market still seemed
"A 49, dominated most largely ~ nc
European news and the action OF N
stock market. however. ana nue. -
the DAVIS trading was tribute ~
s,,rtner eveninr up OF commitments
rsvrrnnol cables said
s~sn-s,6affon had been absorbed by trace
calling Ina covering IN that maLkeI Anu
reported rather a better leennE II
although offers for cotton
r1ofh we're unavoidable. The amount o.
cotton on shipboard nc the ma III ~
week. awaiting clearance was estlna1ea
a. $1,000 bales against 10000 last year.
CHICAGO GRAIN
CHICAGO, July Is. tAPl-strugghns
erainrt heavy arrivals Of newly-naI-
re~trd wheat. and faced BY prospects
~ "a augmented influx Monday. WHEAT
~-s~ee went lower oday. Uncertainties
shat surrounded financial parieys
abroad. with wheat export business ~
! Malt. tended 70 throttle builish &C.
son Tne corn market averaged nlsnef
influenced hv continued drouEnt =
Nv temperatures stu threatening crop
wheat closed unsettled. 3-s-3-4 cents
You,er. 4 is down 70 rs ndvaqcen.
r~ts Ia off 70 Ia up n provisions
varying from u cents decline 70 : cents
rp'r. - e.~ra -
.deo,,rte rains and 70 \ weekly Tore
rnst holding out no hone or = nreek
III Of drought in tho corn belt.
provtsions weakened with hog values
r,reinr indemnitifs: wheat July n
40 M is. SEPT. 50 %. 81 Ia: Dec
N Ia Sc f-7-5-8. Corn-1uiy SO. g.
fsent. 81 3~-a-s4-3-f-7-8s Dec. - So
50: AZ 7-S-4s-
Nrw ORLEANS COTTON
NEW orr FANS. July n. fAPl-Trad-
Inc W. i.nsfrn An tndny's brief weekend
~~~etmn rpne moderate. Price fluctuations