Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-09-10
L YORK COTTON

NEW 1OLhs SEPT. v AAAf0O0~N1~4
opened ut an advance OF 8 to 10 points
over the close yesterday and found ad-
ditional encouragement IN the relatively
firm showing OF Liverpool. There was q
little southern selling. but contracts
were completely scarce with the advance
soon extending TO 7-l6 for December
and 7.98 for March. or IL TO IL points
abave yesterdays closing quotation.
The buying was accompanied by fur
Their talk OF q holding movement IN the
south and Washington press reports
concerning the proposed establishment
Of credits for cotton exports. appeared
to make a favorable impression.
Liverpool cables said the ~ ket there
had been influenced by covering with
continent and Bombay buying on the
washington news and some continental
buyfng was reported IN the local mar
ket. although Liverpool was o seller
here at the start. presumably on the
differences.
realizing or reseiling by some recent
buyer. and later fluctuations were
so1hevhat irregular. Comparatively light
III kS-Das were absorbed on reactions OF
6 Or xosnts. however. and the market
was quiet but fairly steady az mid
day with December holding around TIA
and the general list about 8 TO spoints
above yesterdays closing quotations.
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 10. (APl-The
cotton market had a firm opening to-
day. responding fully to much better
Liverpool cables than due. first trades
showing gains OF 8 TO ? points, al
though there was a slight recession OF
/ TO 2 points right after the start
prices soon rallied again on trade buy
Ing and covering by shorts scalpers.
October traded up TO $50 and Deem
Der 70 T.22, or u points above yester-
DAYS close. The action OF the Texas
farmers probably helped the early adj
vance.
Al the end OF the first hour the
market was steady and within n
point OF the highs.
The market became somewhat quiet
or after the early advance but ruled
steady for the greater part OF the morn
ing but towards mid-session prices cas-
ed off on considerable hedge selling,
october dropping TO GOO and December
to 7.63. or Q points down from the early
highs. After these offerings were alb
sorbed the market became steadier n
rallied 2 TO 8 points from h lows.
CHICAGO GRAIN
CHICAGO. Sept. 10. tAPl-Grains
tended upward early today. influenced
hy withdrawal OF Danubian offerings OF
IIEA AA A ~ AAA vi AAAAAAEAA ~
reports from France. Wheat imports for
France were officially declared necessary
owing to confirmation OF crop damage
and because Of further unfavorahie
weather.
Opening unchanged 70 Ia tent up.
wheat afterward held near the initial
limit corn started unchanged to Ia
righfr but later reacted.
LIVESTOCK
CHICAGO. Sept. 10. tAPl-tU. s. ID.
A.)-Hogs. 100. including 5000 direct.
1920 higher: 1eo-240 lbs. e.40-6.60. Up
6.65: 230-29o lbs. 6.00-5.50. l40-lS0 lbs.
6.00-6. so: pigs 5.25-575. packing so15s
ASSOC; smooth sorts 10 $40.
Cattle 1000: calves 2.0O0s strong mar
ket on yearlings and well finished light
steers but weak &c IS lower on weighty
bullocks: she stock and bulls steady
to strong. vealers about STEADY. light
baby beef yearlings in broadcast de-
mand; outside order for heavy steers
very small; top yeariings lis. best
weighty steers 9.65. bulk fed steers and
ycarlings 725-e25, grassers CSC Gown
TO 500.
Slaughter cattle and vealers-s:eers
800 500 lbs. 7~.50-l025: common and
medium 600-l300 lbs. 425-7T5: hesfers
sS0-s50 lbs. 7.50-S.75: ows 4oo-S.75;
bulls e-earlings excluded gbeefl 49,
$50: vealers milk fed 90o-il 90.
medium 100000: stocker and feeder
steers 500-i050 lbs. 550-T.Oc.
Sheep 80. 1000: SLOW. weak to IS lower:
in tive grade lambs off most: ma
tives 6.75-700: few TBS 70 packers: OUT
siders 725-T35. small lots 7.50: black
faced range feeders 5.50-5.7s.
Slaughter sheep and tambs-lambs
90 lbs. town 6.50-7.50: ewes 90-l50 lbs.
I 25-250. Feeding lambs 5o-75 lbs. 525-