Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-08-07
NEW YORK O 4

NEW YORK, Aug. q. (APl- Heavi-
ness OF the railroad shares was the
chief development IN the stock market
today. Leading tndustrials moved mar
rowiy.
Atchison lost 4 points. while Union
Pacific and New Haven were down
about 2. the latter 10 the lowest since
1927. New York Central sagged l l-2 20
q new low. While a loss az a point IN
Pennsylvania carried that issue TO a
quotation that was last seen IN 1928.
Baltimore g. Ohio preferred dropped
nearly 2.
Miscellaneous issues of 1 to 2 in
GUIDED general railway signal. American
Tobacco "B." McKeesport. American
Telephone and corn products. ". p
Steel and American Can were steady.
Case rallied a point.
ACal money renewed ~ ! IL per cent.
~ NEW ORLEANS COTTON
NEW ORLEANS. Aug. z. tAP1-The
coAtcn market had a quiet and easy
opdH p Gables were lower than due
and Tirst trades here showed losses ri
6 points with October down to T99. and
December to $40. The market soon
rallied. however. on shorts covering IN
advance OF the bureau report due to-
morrow morning. There appeared 70 re
a scarcity OF contracts n OCTOBER q
advanced 10 sos and December 20 826,
a recovery Oh . D0AAAAN AAhAAA ~ 49,"
Near the end OF the first hour the
market was steady and 2 70 3 points
off from the best Il ! TO 2 points
under yesterdays close.
The market was a quiet pre-bureau
affair all morning. but prices gradually
eased off on scme belated pre-bureau
liquidation and made new lows ior me
day and season. with October az T9l
and December AZ 8l4. or IL 70 "a points
below the early highs.
AT mid-session the market was quiet
and right al the lows.
The cotton exchanges here and ~
new York Will close tomorrow a. $50
a. m, Central Standard Time. ten min
utcs before the publication OF the
government report. There Will there
fore be no trading based on the re-
port until onday. except az Chicago.
which will trade for three-quarters OF
an hour after the report.
NEW YORK COTTON
NEW YORK, Aug. z. tAPl-Cotton
opened steady today, ! 70 , points low
er in response TO relatively easy Liver
pool cables. but there was not q great
deal OF cotton for sale and the early
market held fairly steady on trade
blyinR or October around the Scent
level. while there was some covering
IN the later months.
This may have been promoted ~
rather less favorable crop advices from
the southwest including complaints of
shedding in central Texas. Trading con-
tinued quiet. however. and slight
b,ilres were not fully maintained with
prices ruling arottnd sos for October
and 8.55 for March AZ the end 81 the
first half hour or ! TO ? points net
lower.
liverpool cables reported hedging
with local and continental liquidation
In that market.
The market eased after the early COW
ering had been supplied, with prices
making new low ground later IN the
morr.rr under a renewal OF lquida-
ttou1 az reselling by recent buyers
Octdber sold OF to 1893 d March %
s.47, making net declines OF 9 70 ~
po,nts on the active positions and prices
were within 2 or 3 points OF these ~
cures at midday. II looked as IL some
contracts bought IN anticipation Of 2
pre-bureau rally. were coming out on
the decline.
LIESTOCK
CHICAGO. Aug. z. tAPl-tU. $. d.
Al-Hogs. 1900. including 1000 direct.
mostly 1920 lever: l7O-2l0 lbs. 775-8.00.
ton 500; 220-280 lbs. 6.60-T.75. pigs
1851 90. packing sows d.50-525.
Cattle: 5000: calves: 500. strictly
grain fed steers and yearlings fully
steady but all grassy cattle uneVenly
lower; very slow catch as catch can
market: only a few grain fed steers
lass lbs. AT $50: light heifer YEAR
iines s.75: bulk steer yearlings 565. no
strictly choice yearling steers being Of
fered: most grass stock cows 3.o0-4 co..
grassy heifers 3.50-5.O0: slaughter cattle
and v~ealers: steers 600-l5o0 lbs. T.50-
o50. common and medium 6o0-t3oo lbs.
41s-7T5: helfers 550-S50 lbs. 6.50-025,
cows 3~.75-6.T5: bulls (yearlinEs excsudedl
fbeefl 400-4.75: vealers tmilk-fedl $50
10 OO: medium 6.50-S.50. stocker and
@eeder steers SO0-lO50 bs. 5.50-Tl00.
sheep: 5000: market fairly active,
mostly steady, few choice lambs l5-25
higher better grade native 6.7S-750 %
packers: fat ewes 1903 90. lambs 90
ihx. down 81 90. ewes eo-iSo lbs.
\ Ts-3 90. ambs 90 BIS. down 6.75-S. 90.
ewes 9o-150 lbs. 1.75-325; feeding lambs
COTS lbs. 5.00-5.50.