Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-08-07
MARKETS
NEW YORK STOCKS

ness OF the railroad shares was the
chief development in the stock market
today. Leading industrials moved mar
rowiy.
Atchison lost 4 points. while Union
Pacific and New Haven were Town
about 2, the latter 70 the lowest since
1927. New York Central sagged / IL TO
a new low. While a loss OF a point in
Pennsylvania carried that issue TO a
quotation that was last seen in 1923.
Baltimore g. Ohio preferred dropped
nearly 2.
Miscellaneous issues off l 20 ? in
GUIDED general railway signal. American
Tobacco "B." McKeesport. American
Telephone and corn products. Y. s..
Steel and American Can were steady.
Case rallied a point.
\ Call money renewed at / IL per cent.
NEW ORLEANS COTTON
NEW Aug. 4 (APl-The
coAson market had a quiet and easy
opaAning. Gables were lower than u
and~lrst trades here shove losses Of
9 points with October down 70 7.99, and
December 70 500. The market soon
rallied, however. on shorts covering IN
advance OF the bureau report due to-
morrow morning. There appeared 70 be
a scarcity OF contracts and October soon
advanced to sos and December 70 S26.
a recovery Of 6 points from the lows.
Near the end OF the first hour the
market was steady and 2 70 5 points
off from the best n ! 10 4 point
unde Yesterdays close.
The market was a quiet pre-bureau
affair all morning. but prices gradually
eased off on some belated pre-hureau
liquidation and made new lows Tor the
day and season, with October az I-sl
and December at S14, or II TO "A points
below the early highs.
At mid-sesslon the market was quiet
and right at the lows.
The cotton exchanges here and IN
new York Will close tomorrow az $50
n. m. Central Standard Time. ten min
utes before the publication OF
government report. There Will there
fore be no trading based on the re-
port until onday, except at Chicago.
which will trade for three-quarters OF
an hour after the report.
NEW YORK COTTON
NEW YORK. Aug. y. tAPl-Cotton
opened steady today. I 20 3 points low
er In response TO relatively easy Liver
pool cables. out there was not a great
deal OF cotton for sale and the early
market held fairly steady on trade
buving OF October around the Scent
level. while there was some covering
in the later months.
This may have been promoted by
rather less favorable crop advices from
the southwest including complaints OF
shedding in central Texas. Trading con-
tinued quiet. however. and slight
bulges were not fully maintained with
prices ruling arotrnd 80N for october
and SIS for March at the end Of the
first half hour or ! TO 2 points net
lower.
with local and continental uquluation
in that market.
The market eased after the early COW
ering a been supplied, with prices
making new low ground later in the
mof,irg under a renewal OF lquida-
tom Of reselling BY recent buyers.
OcrSber sold off 70 7.93 and March 70
s47, making net declines OF 8 70 10
points on the active positions and prices
were within ? or 3 points Of these IL
cures at midday. IL looked as II some
contracts bought in anticipation Of q
pre-burcau rally. were coming out on
the decline.
LIESTOCK
CHICAGO. Aug. Z. tAP)-tU. $. %.
Al-Hoes. 1900: including 1000 direct.
mostly 1920 lower: 17O-2iO lbs. 1854. 90:
TOP 800: 22c-280 lbs. 6.60-T75, pigs
6.2S-7OO: packing sows 4.5o-525.
Cattle: $4,000: calves. 500: strictly
grain fed steers and yearlings fully
steady but all grassy cattle unevenly
lower; very slow catch as catch can
market: only n few grain fed steers
lass lbs. AT $50. light heifer year
ine SIS: bulk steer yearlings S65, no
strictly choice yearling steers being Of
fered: most grass stock cows - 90;
grassy heifers 3.50-5.O0. slaughter cattle
and vealers: steers 600-i500 lbs. T.50-
$50; common and medium 6oo-130o lbs.
4c5-7.75: heifers 550-S50 lbs. 6.50-o25,
COWS 375-6T5: bulls (yearllngs excluded
neefD z00-475: vealers fmilk-fecl $50
1000: medium 650-3.50, stocker and
feeder steers 500-i05o rs. SSo-7.0O.
sheep: 5000: market fairly active;
mostly steady: few choice lambs l5-25
higher: better grade native 675-750 70
X fat ewes 10000. lambs 80
lbs. down 6.75-8O0: eve 9o-is0 lbs.
l7S-3o0: ambs 90 hs. down 6T5-sOo'
ewes e1-i50 lbs. 1.75-325; feeding lambs
COTS lbs. 5.00-5.50.
CHICAGO GRAIN