Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-09-13

NEW YORK COTTON

NEW YORK, Sept. II. tAPl-After q
nteady opening on overnight buying or
ders. cotton turned easier today. Decem-
Der contracts sold off from o's4 70 oei:
eenera! market barely steady at net
declines Of Z to IL points.
The opening was STEADY u~ncnangeu
a. an advance Of 4 points on the ever
night buying. October sold up 70 o.Io
and March to TIA on the initial oe.
mand. October later declined 70 o.o2
and March to ITO. and closing quota
lions were at practically the lowest.
A rood part of the days trading was
Attributed to the usual weekend eve
ming up md business was generally
0,1iet with n market sensitive 10 COM
~peratively small orders.
liverpool cables reported that cover
suC and trade calling IN the market
there had been supplied by hedging =
prices were Just about as due 70 Q shade
lower than expected on the New fork
eIose Of Friday. The amount OF cotton
m shipboard at the close OF business
Awaiting clearance yesterday was ess.o
mated at 5000 bales against io7'oo'
last year
NEW YORK STOCKS
NEW YORK. Sept. H. tAPl-Stocks
were limping badly as they concluded q
fprtuiRht Of declining prices today.
Instead Of following the Friday rallg
the market turned decisiveiy oownwsro
irne md when trading closed the stan
acknowledgements Press weignteo
Sndex of 90 issues was r~~v-~ 80 points
- GA. only Is points n~~vr June
: low Of the bear grsrEet-
American Telephone was pounded
6ovn nearly 5 points. presumably Pc
csusc OF uncertainty in brokerage circles
cve- western Eectric's payment. "A. Y.
q touched l59 "a and closed at loo'
Westinghouse Topped Z points 70 .
new low. Its 4 annual rate Is REGARDED
IN Wal street as vulneranle n sier nssr
fSIiinr Off. Rails affected by similar
ronxfderntions included Delaware q
Eadson. Reading and Baltimore a. Ohio
o. 8. steel made q stand against the
trend but finally gave up the ight and
eT |s9,ssn Can po American alie Tos ees"' S.
goodyear. Johns-ManviIic. Eastman
Wodak. Western Union. Consolidated
80 North American. Coca Cola. Du
pont and Case lost 2 70 more than :
nondx were dispirited. although q
wood rally BY the Argentines based on
10 republics efforts 70 meet its $50
nm 600 October I loan. was = bright
mt. Many home rails were weak.
canadian dollars continued 20 slide
msfinr the quotation nearly = cent be-
law parity. European exchanges were
Anu. -~t.s, Sterling cables steady ct
s4se.
CHICAGO GRAIN
CHICAGO. Sept. II. tAPl-1t was a
- ~ Jack and jill In the markets
S[Eernin and stocks today. Securities
down and cereals came tumhlfnr
Final quotations both on wheat
andk corn were at almost the days bot
fomSlevei.
Wheat closed heavy. 5-s-1 cent lower,
eorn 1 ISL So off. oats II
Z cents setback 70 10 cents advance
Feors were expressed In sonne GUAR
ters that the federal farm boards re-
emit wheat export operations might b.
construed ~ dumping" and would lead
com prices broke sharply under sell
fnr ascribcd to the leading holders OF
cash corn. especially after down SWINGS
a. wheat had pulled buying support
ovrnv from corn. Oats saeged with corn
ana wheat. despite vessel charters here
for shipment Of $4,000 bushels OF oats
- $ke saef <wr fa-<. PROVISIONS hefr
about steady. responsive TO scattered
rro~s,~ --s-~A~ rh~,-<~-t
~ "a ,,sds. nec. 4oi, 10 SIS s0is: Nav
&is. IS Ia. Co~n-Sert. SO "A. ~ SIS;
Dec. n. - Ia; Nay II IA. 12sis