Hide Article Text (OCR)
PAGE EIGHTTHE BROWNSVILLE HERALDThe Valiev First — First in the VailDETROIT BANKSGET GRANDJURYPROBINGiniIDI:BRITAINPITTAnywaytWASHINGTON May 3A grand jury analysis of the De- | troit banking situation has been ordered by At tv Gen Cummings.A short while before, unsound I practices and mismanagement were reported to the senate banking and stock market investigating committee as the causes of the I failure of Cleveland’s two big bank; | —the Guardian Trust Company and the Union Trust Company Cummings told reporters he had , designated Guy K. Bard, a special j assistant attorney general, to handle J the Detroit case.The investigation upon which the criminal proceedings will be • brought has included state-wide j banking chains controlled by the ; Guardian Detroit Union Group, Inc.. and Detroit Bankers companyMARKETS AT A GLANCENew YorkStocks steady; selling dries up.Bonds irregular; U. 8 governments firm.Curb irregular; market quiet.Foreign exchanges steady, gold units narrow.Cdtton quiet; New Orleans \nd Wall Street selling; favorableweather.Sugar steady; trade buying. Coffee quiet; Brazilian buying.Chicagocall and prioes fluctuated withm arange of 5 or 6 points. Reports ofanother move toward securing silver legislation, and an opening ad-XLMilJifto3.00-4 00.Sheep: 1.200; steadylambs 8 50-9 50; mediumand medium calvesJAP DUMPING9 »vanee in the metal failed to sum-1 shorn fed kunba mostlyspring to good 7.00-7.15;ulaie buying interest in cotton butthere was enough tjerr.and to hold prices fairly steady during thelint half hour with July sellingaround 10.98. Houses with Japaneselai: shorn fat wethers mixed5*5.agesLONDON. May 1.—opWalterRunciman. president of the Britishboard of trade, is expected in well-informed circles to Inform Arobas-lt; HICAGO LIVESTOC KCHICAGO, May 3.—(AV- (U. S.a dor Tsueno Matsudaira of Japan,at a conference late Thursday, thatconnections bought and there was D of A.)—Hogs; 18.000; slow, steady; | Great Britain has completedsome buying here from Liverpool on 180-250 It* 3.75-85; top IK; 180 110Wheat lower; drought fey*^Ccrneasy; influenced by wheat. Cattle fully steady.Hogs slow and steady; top $3 95. „the differences. »The market continued very quietlater in the morning with prices sensitive to comparatively arnail orders either way. Buying was less mproposals to restrict the importationof Japanese goods into British coloniesStepSTOCKS IN THE SPOTLIGHTNEW YORK —Sales closing pnee and net change of the 15 most active stocks Thursday:Gen Motors 33.700—35 4 down S. Chrysler 27.600—454 up 4.US Steel 21.800—464 up 4.Radio Corp 19300—84 down H. Prod A* Ref in 19300—S no. INat Distill 15,700—274 down V|Curtiss Wright 15300—34 downto restrict thelbs 3 50-80; 140-170 lbs 3.25-75; pigs 230 dowTi; packing sows 230-3 15.Cattle; 6.000; calves: 2,500; yearlings slo, teady; good cows and lower grade light steers and year-evidence after the cloee of Liver- lings slow*, stead; good cows and It was indicated that the inter-pool, while some New Orleans local heavy heifers firm; lower grade uew was regarded as most serious selling developed during the middle cows weak, 10-15 lower; bulls steady Jn the face of world competition of the morning sending July off to to 1° lower; vealers steady. between Great Britain and Japan10.88 or about 12 points from the a choice 550-1500early high and 7 points net lower. (ID* 6.00-9.50; common and mediumThis brought a little more buying ^0-1300 lbs 4.10-7.75; to****™. .. * • rallied partiall nd choice 550-750 lbs 525-6 50;tinnedPageCom! Soiv 14.100—234 dow*n 4. Radio Corp Pf B 13.600—314 apfriends of ours who insist upontelling of their almost miraculous'* shots—We gain unto ourselves anotherflock who insist upon telling of the extremely scientific technic theydisplay in landing a pound and ahalf croaker.Guess it’s just one of those burdens we all must bear, but honestly. there ought to be a law.4Gt Nor Ra PI 13,500-244 downBperrv Corp 12.800—3 4 no. Montg Ward 12.400—274 no. Repub Stl 12300—184 down 4. Beih Steel 12.100—374 down 4.Gen Elec 12,000^-214 up 4.NEW YORK STOCKSAND A POLITICAL FRIEND OF ours says he cant see what sort of an issue prohibition is any more in Tlpxas.The drys have the law and thewets hav« the liquor,** he opines,and thinks that everybody should be happy.DILLINGER’S(Continued from Page One)ooupe near Invergrove, Minn., whereobey held up Francis, his wife and baby, taking his sedan.NEW YORK May 3—lt;/P—'The stock market showed signs of rejuvenation Thursday althoughtraders were still cautious and the activity restricted.Commentators spoke of at least a technical rally of moderate proportions and buying in some of thegroups was attributed partly to this hope The short interest, however, was said to be relatively small and stimulation for recovery was being awaited from other sources. Equities received no assistance from grains. The cereals were a triflewith MtTieUtaV *lt; imTmSS Imidday. Active months generally excluded' good ibeef. 3.55-W, veal-aere within 2 or 3 point* of Wed-nesday's closing quotations. It is re- TL'V-rano choice,C^adt?*nr1»1f^mePTr.^n^ Sheep. *000; 'fat lamb undertoneIt iKn S^ su*dy *e^er: ^ stron* *»25been ior ipre*gn account. ‘higher; lambs 90 lbs down good and j rffeeted.vsia rivTTnv . cehoic 8 60-9.25 ; 90-98 lbs good andUKLEANh IUITO.V choice 8 35-9 00; ewes 90-150 lbsNEW ORLEANS. May 3.—iA*— good and choice 335-4.50. ICotton opened quiet but steady __Thursday. Liverpool came in a CHICAGO POTATOESshade better than due and first j CHICAGO, Mav 3.—(JP)— (U. Strades here showed gains of one j Dept Agr.i—Potatoes, old mock,U? four points. October moved upityeak; Idaho russets U. 8. No. 1,a point additional after the call. | j 45-50; 1 car 15 lb., sacks 1..75; U.E No. 2. 135; Colorado McCluresU S. No. 1, 1.50-55; Wisconsinround whites U. S. No. 1, 1.15-23; ungraded .70; North Dakota cobblers U. S. No. 1, fine quality 1.25.New stock weak; Texas bliss tri-i umphs U. 8 No. 1. 3.00; U. 8 No.1. 1 1-2 inch minimum 2 35.I or trade markets.In many areas. Japanese goods are underselling the British ind others considerably and Japan has made rapid strides forward in the textile business, long a mainstay of England.The British are understood to oe alarmed at the spread of Japanese trade through the colonies and Africa, one of the chief centersExteaaive Studie*but as there was little buying power in evidence and stocks were indifferent, cotton soon eased off gradually. Aulv dropping to 1030. end October to 11.04, off 3 to 4 points from the start and net unchanged compared with Wednesday** close.Cotton was rather quiet all morning. Prices improved some early in the second hour on fair buying and short covering, July rallying to 10.95, October to 11.10 and December to 1130. or 4 to 5 points above Wednesday’s close. Later, the market off again on lack of sustained support. July declined to 10.86, October to 11.01 and December to 11.11, offeasy as further reports of showers 9 points from the early highs and 4 in the drought districts were receiv- to 5 points under the previous close.ed Cotton and rubber were about -even Silver futures came back COTTON FUTURESsubstantially, but the bar metal was NEW ORLEANS. May only advanced 1-8 of a cent an Colton futures closed steadyounce to 42 3-4 cents. Bonds were unchanged to 3 points down.Sales to Joobers reported Wednesday, May 2, 1934:Cabbage: (Tex. lett. crates unless otherwise stated): Philadelphia 235-2.40. Pittsburgh 235-2.50. New York 2.12 1-2 to 2.25. Cincinnati 130. Chicago 1 85-2 00. Kansas City 1 60-1.75. St. Louis 1.65-1.75. Cleveland1 75-1 85. Detroit 2-2 25. Boston 230-3 v**/— 2.75.Carrots: «Tex half crates unlessThe British government has made extensive studies of the situation since the breakdown of the London negotiations between Britisn and Japanese textile interests.It is understood that Runciman will present a full picture of ;hc British position to the Japaneseembassador. I Unless JapaQ offers some form ofsettlement of the problem, it is understood that Great Britain willabandon all efforts to ease thecompetition between the two nations. jRunciman was reported to beready to inform Matsudaira that the restrictions on Japanese importations into colonies would takeMaybe R’s because Director Lewris Casson (center) is teBing I bow to play man and wife in a forthcoming London play that Gertrude Lawrence, noted British aetreas, and Douglas Fairbanks are looking at each other so happily. It's been rumored that fctDlav man and wife soon—In real life.Wire Flashes(Continued from Page One)May 2, representing an increase of S26.000.00fl for the week.In making the announcement,the Federal Reserve board said that loans during the comparableweek of last year totaled $512,-000,000.large posse of officers and bloodhounds after a woman companionhad been captured and the fugitives’ car seized this morning.From the woman’s description of the pair, officers were convincedthey were not Clyde Barrow anda companion, as at first believed.the form of quotas on importsiMORE PRIZES(Continued From Page One)netGovem-lt; ontinue Wild Flightirregular, although U. S ment securities pushed up to new Mav| highs for the past year or longer. jjv 'The coupe was found later, a ban- „ Octdoned and blood-stained, the trio Shares of U. S Smelting got up 3 Deccontinuing their wild flight, which P°mts ““J American Smelting arid janapparently took them to Chicago, in 9**™ de P*500 1about * I MchFrancis’ car, presumably by way of American Sugar Refining advanced Freeport. 111., where it was equipped]3 and Great Western Sugar was 1Open High Low Close 10.73 10.73 10.73 10.72B10 94 10 95 1036 10 8711.06 11.10 11.00 11 04 11.18 11.20 11.11 11.15 1138 11.28 1131 11.21 1130 11 30 1130 11.31Bca* evening were announced by the i pnae committee as follows;ohttoris»irtVvis i **% i Trades Day association. $50 *n otherwise stated). Philadelphia 125.| cash: Milligan Radio Service, $25WASHINGTON. — Pres. Roosevelt issued a proclamation Thursday calling for observance of Mother’s Day on Sunday, May 13.The proclamation ordered the customary display of the United States flag on all government buildings, homes and “other suitable placesNEW’ YORK — Lowering skies and fog halted for another day at least the projected New York-to-Rome flight of Cesare Sabelli andCaptain George Pond.»tPits burg h 1.15. New York 1.12 1-2 to I allowance on Stewart-Warner elec-125. Detroit L15-1.2JkjChicago bu. trJc ^inge^tor; Edelstem’s Furni-DtflK f t ^ tiOpptd 2.15. St | fur-m etnra lr* -- aH t ao cat C LIwith stolen Illinois license plates Higher. Other gainers of fractions to and a doctor s insignia » P°int or more included AmericanThe rear window of Francis* Jlt;*JppHone, Westerri Union, U. 8. machine had been knocked out, to Sears Roe beck. ColumbianDe-give tfie gunmen free range in any Carbon. Johns-Manville. Kfelvinator,Chrysler. Auburn. General Motors,machine gun battles they mighthave with the police—a common ^AntA_Fe practice, the authorities mid. of gangsters expecting trouble machine were a pile of bandages, aeveral boxes of paper matches from the Little Bohemia resort, and a copy of a Dubuque. Iowa, newspaper,With a headline:“Dillinger on RampageFORT WORTH GRAINFORT WORTH. Mag 3. *£1mand was only fair on the FortWorth cash gram market Thursday.Prices were quoted by the grain price committee of the Fort WorthLouis 95C-I1. Boston 1.25-1,40Beets: lt;Tex half crates unless otherwise stated). New York $1.-1.25. Philadelphia 1.10-135. Pittsburgh 135-1 40 Detroit 1 25-135. Chicago 1 20-1.25. St. Louis 125-135. Boston 135-1.50.Snap beans: (Tex bu ham String-less unless otherwise stated). Fort Worth fairly good qual 160-1.65 Detroit 2 65. Chicago La ValentinesN. Y. Central. Socony Vacuum, Allied Chemical. AmericanIn the Commercial Alcohol and NationalDistillers Curt is-W right A andSperry were active and lower.grain and cotton exchange, based 2-230. Kansas City ord qual and**NEW YORK STOCKSSales in 100s High Low CloseAi ChemAzDv 8 145 1434 145Known In ChicagoAm Can Am Stl Fdri Am SugOther indications that Dillinger Am TAT Is hiding out somewhere in the Chi- Am Tob cago area came Monday morning Anaconda when one of four gunmen who dis- j At A* SF armed a squad of Bell wood police,was identified as Dlliinger.Apparently the car’s presence showed that it was the second time Chrysler9325120 115 *994194524i99184504991945141134 114Baldwin Loc Bendix Aviat1844749456915465412*4164Bethlehem Stl 117that Dillinger had selected Chicago Con OilDuPont Gen Asphaltas his hideout after a major es-The other came a few day*after the desperado escaped from Gen El the Crown Point, Ind.. jail with the Gen Foods use of a wooden gun. and Sheriff Lillian Holley's automobile.Her car, like Francis* was found abandoned in a Chicago street.Gen MotGoodyear111 Cent Int Harvest Int TAT211436410122223489512324638446411492421214691564412'*164i37 *4411491420 *36344294384134213343543342843813on bids, offers and actual sales to tr.idday Thursday, as follows, basis car loads on track at Fort Worth, freight pa’d to delivery point: Delivered Texas gulf ports, exportrate, or Texas common point: WheatNo. 1 hard 78 1-2 to 81 1-2. Bailey No. 2 nominally 53-54; No. 3 nominally 52-53. Sorghums No. 2 milo per 100 pounds nominally 102-104; No. 3 milo nominally 100-102 No. 2 kafirnominally 92-94: No. 3 kafir nominally 90-92.Delivered Texas common points or group three: Com No. 2 white 67 1-2 to 68 1-2; No. 2 yellow 63 1-2 to 64 1-2. Oats No. 2 red 38 1-2 to . 39 1-2; No. 3 red 37 1-2 to 36 1-2.45H I —I* CHICAGO GRAIN914 CHICAGO May 3.—Reports 21 of rams southwest and of unsettled 21 * weather northwest led to early691564412416437433 : downturns of wheat prices Thurs-35 *• ! day. Trade was of moderate vol-33S* ! ume. Opening at 4-4 cent decline. 29 i July 764-77. wheat afterward sag-384 | ged further. Com started unchang-ow ...ed to 4 lower, and subsequentlycond 75C-1.25. Denver poorer $1.00.Onions: (Tex 50-lb sacks Yellow Bermudas US Commercials unless otherwise stated). St. Louis 1.10-1.15. Pittsburgh 1 00 Fort Worth 75-90c. Cincinnati 1 15. Cleveland 125-1 40. New York mostly 1.15-1.25. Chicago 1.10-115 Detroit 1.10-1.25. Bsoton 1JS-1.40. Philadelphia 1.25-1 40. Kansas City 75-90c.Potatoes: (Tex 50-lb sacks BlissTriumphs US No Is unless otherwise stated). Chicago sacked per cwt. $3.25. Pittsburgh 1.75-1.80 Cincinnati 1.75. St. Louis 2 cars $3 10. Denver 1.75. Cleveland 1.90-1.65. Fort Worth 1 1-2 inch minimum I SO-165. Kansas City few $1.50.Carlot shipments over the entireUnited States reported for Wednesday. May 2:Bean.: Calif 1, Fla 75. Ga 1. La 1, Tex 2, total US 80 Cabbage: Ala 74, Fla 9. Ga 5. La 63. Miss 56. So Car 5, Tex 34 others4, total us 25aCarrots: Am 2. Calif 64. Mmn 8 INY 2. Tex 8. total US 84 iture store, imported tea set; S. H. Kress Co., $2.50 in merchandise; W. T. Grant Co., $2 50 in mer-crandise; Bishop's Print Shop, $3 in printing; J. C. Penney, one pair best shoes in store; Parra Bros.. $3 in merchandise; Capitol Theatre,$5 book of tickets; Davenport Typewriter Exchange. $10 credit on ne« typewriter; Hargroves, prize to be announced; Tourist Auto Supply. H*ghway No. 4. $2.50 in merchn-! dise; Sadlers Sandwich Shop, at Highway and Elizabeth, one carton of cigarettes; Star Electric Co., $5allowance on electrical repair work; V. F. W. Arena, four nngside tickets good for Thursday night; McKays Pharmacy, one ladies’ toilet set; Dorfman’s Jewelry Store, six pewter goblets, value $12.50; Munoz’s Place, one case of Pearl beer.Another $50 cash award will be made Friday night, along with a large number of merchandising prizes, and the main prize of the Trades Day, a new automobile, wiH be awarded Saturday evening.Valley people who have been visiting Brownsville for this ©vent have been entertained by local residents and the committee in charge, with some of the big even*® | of the program yet in store.The horse racing program Satur-ray promises unusual interest, with races scheduled in the morning and afternoon both at Fort BrownBIRMINGHAM Ala — Three Alabama congressional seats were in the balance Thursday as latereturns from Tuesday’s democratic primary narrowed margins.with two incumbents faring runoffs and th* third trailing hisopponent.Cong. Ntles B. Allgood, of Gadsden. was certain to enter a runoff on May 12, in the fifth congressional di*trict. but whether his opponent would be May. Joe Starnes, of Gunterville, or formerSenator J. Thomas Heflin, who trailed in third place, was still a question.AUSTIN—Lon A. Smith, chairman of the Texas Railroad Commission, regulator of oil production in this state, Thursday senttelegrams to all similar bodies inthe I nited States asking them lo join in protesting passage in congress of the bill of sen. I hem as ofOklahoma, which would give Secy. Ickes sole power to regulate production.PARIS.—The French government Thursday called upon Japan to observe the Nine-Power treaty to the letter in a straight-forward reply to Tokyo’s note explainingJapan's “Asia for Asiatics doc-tri ne.**Lady No BonnieSPROWL HEADSCITRUS GROU(Special to The Herald)WESLACO, May 3.—A meetfor the permanent organizationindependent citrus shippers ofValley will be held in the nearture. it has been announced by V Sprowi of Mission wTio \named temporary chairman atpreliminary meeting of independ shippers here Monday .Donald B. Webb of Mission vnamed temporary secretary, and following were named to a steer committee: Donald B. Webb Mission. Scort Dougherty of ? Allen. Mr. Sapp of Edinburg, C Everhard of Pharr. John Burkh of Alamo. Bob Tankersley of M cedes. Ike Lawler of La Fern T. Hodge of Harlingen, Ha. Towns of Donna and Davis W of San Benito.At the preliminary meeting was moved and unanimously vo to form an Independent Cit Shippers organization.“This organization wiH not antagonistic toward or will not any way conflict with any otshipper organization in theGrande Valley.” Sprowi states. **T purpose and object of this orgization is to work out probltconfronting the independent ciSshippers, and to cooperate in e\i way possible with all other orgf izations and shippers for the gj eral good of the citrus industry JARABSBAGHDAD Iraq. May 3.Capture of Yemen’s chief port.eida. by the advancing forces of lt;Saud. ruler of Saudi Arabia,reported here Thursday, and obse ers regarded this victory as dot ing the cause of Yemen in the j bal war.MUNOZ PLACE!Best place in townfor Mexican Dinner*—Good orchestra Trade Days Sunday. Beer on tap and tied. Open airBEER GARDENVisit Us — Curb Service809 St. Francis — Call 85PARRAOffer*DiscountHardware andAuto AccessoriesBarrow Tip ColdGroceries excepted— But we have real grocery bargains forWASHINGTON.— The senateThursday completed congressional action on the *417,000.000 laxbill bv eliminating the 10 per centemergency super-income tax fornext year proposed by *en. Cotnens •R-Michl.WASHINGTON—Ferdinand Pe-cora, counsel for the senate banking committee, Thursday challenged the stock exchanges or brokers to refute the evidence he submitted to the committee on market profits and practices.Pecora made his statement while the house considered the controversial 45 per cent margin requirement in the stock market control bill.Rev. Crow Speaker\AKE C HARLES — The Calcasieu Parish grand jury met in special session here Thursday to investigate the May Day killing of a longshoreman.Simultaneously, picketing activities were inaugurated on the LakeSPRINGFIELD. Mo, May 3 UP, The state highway patrol reported shortly after 10 a. m. Thursdaythat two men. believed to be Clyde Barrow and a companion, had fled.heavily armed# into a woods nearCabool after officers seized their car and apprehended a woman companion. Officers said the woman is not Bonnie Parker.The woman told officers she isFlorence Wilsie, 25. of Osceola. 111.She said she was hitchhiking a o was picked up by the pair early Wednesday night at Charleston,sMo.Talking freely with officers, shesaid the tw-o men called each other John and Bob. She said they had a shotgun and two pistols. She was taken to a Cabool doctor soon after her apprehension for treatment of aboil on her neck.TRADE DAYSMav 1st to 5thWe give Trade Days Ticket1*15-1219 Levee StreetTelephone 426 — Brownsville. - .* ... -1....iPPORTUNIiNEW CITIZENA 12-pound son was born to Mr. and Mrs. F B Arzamendi here Monday.
Newspaper Details
Brownsville Herald
Brownsville, Texas, US
Fri, May 04, 1934
Page 40
Full Page
Clipped by
Eldarose C.
USA 30 Jun 2023
Other Publications Near Brownsville, Texas
Whalen Furniture News
Valley Star Monitor Herald
Brownsville Sentinel
Brownsville Herald
Brownsville Daily Herald
