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Newspaper
Laredo Daily Times
Location
Laredo, Texas, United States of America
Date
Jun 18, 1927
Page
1
A survey endorses a northern county reservoir to irrigate over 100 000 acres, with a Chamber of Commerce committee to report. Citizens urge action for public benefit. The upcoming school tax election risks probation status and possible $500 000 in new buildings if not passed, prompting appeals to voters.
J C Champion, manager of the local J C Penney store, announces a shipment of the "Lucky Lindy" four in hand and bow ties. These are the first of their kind sold in the United States to honor Colonel Charles Lindbergh for his epoch making flight.
Emily Suartain, 86, a former principal of the Philadelphia School of Design for Women and a noted painter designer and etcher, died today in Philadelphia. She came from a distinguished family of artists.
Texarkana was chosen as the 18th meeting place for the annual Texas Press Association convention at the closing session of the current meeting in El Paso. Wichita Falls and Allen were also invited to host next year.
A brief devotional fragment urges parents to have children memorize daily Bible selections as a priceless heritage. It quotes Psalm 67:5-7 praising God and asks that the loving care of the Mother reveal goodness to those who do not know Thee.
Dallas report says Marvin Ed. Todd formerly of Celeste Texas was arrested on a bench warrant from the U S district court for Southern Oklahoma on an indictment charging conspiracy to violate currency laws. The pane accused him of possessing and passing counterfeit fifty dollar bills at Tulsa Oklahoma in 1925. Bond amount sought.
Major activity turned up in the last session with heavy volume as merger rails led gains. Pittsburgh and West Virginia rose over five points while Pittsburgh Coal and Pittsburgh Terminal Coal showed strength. White motors fell to a 1927 low and pressured related stocks. Colorado Fuel spiked late. Fullman and Atlantic Refining held modest gains. Total volume around 1,000,000 shares.
New York reports war silver at 501⁄2% and Mexican dollars at 42.75. U S bonds show Liberty 3s at 100.28, 4s at 100.85, 1st 4s at 102.80, 2nd 4s at 100.18, 3rd 4s at 100.24, 4th 4s at 108.23, with Treasury notes at 112.28.
Foreign exchanges in New York show mixed results on June 8 with varying demands. France at 3.914 percent, Italy at 4.6 percent, Belgium at 13.885, Germany around 23.683, Tokyo about 46.75, and Montreal near 0.515 to 1.16. Cables quoted at 4.80 and sixty day bonds at 4. Sig units reflect diverse demand across currencies.
Kansas City market notes show calves 50 during the week with heavy steers around 23.35 top and various fed cattle firm. hogs 500 receipts with top sows 8.06. sheep weak with lambs 1.50 to 2 lower. East St Louis and Chicago reports list hogs and cattle prices, with top hogs near 9.80 and cattle heavy steers around 13.00 to 13.65 and yearlings 10.50 to 12.25.
Chicago market report lists prices for various poultry items with ranges. Fowls bring 16 to 20 cents per pound, springs 25 to 34, broilers 20 to 26, turkeys 20, roosters 13, ducks 22 to 23, geese 23 to 25 cents.
Cotton prices moved within narrow limits with early gains fading. October touched 16.30 and December 17.12, while January through December contracts posted mixed finishes near the day’s close in New Orleans trading.
The New York cotton market opened steady with an eight point advance and a four point decline. Near months held firm on some covering and Liverpool buying, while selling of later deliveries pressured prices after opening. July traded between 16.51 and 15.54, with the day's first hour ending near unchanged to a touch higher. Opening figures for January through December futures were listed, reflecting a cautious start.
Spot cotton prices in Dallas Houston and Talveston are reported with Dallas at 15.05 cents per pound and Houston at 16.70, with Talveston noted as 16.70 in the June 18 market summary.
Liverpool cotton prices steady in London spot across grades with American cotton unchanged. Sales total 10,000 bales including 6,500 American, and Colots at 6,000 with no American offerings.
Spot cotton in New Orleans closed nine points higher amid light activity. Sales reached 688 bales as prices for different grades ranged from low middling at 14.42 to good middling at 17.47. Receipts totaled 16.0 and stock stood at 934 558.
Chicago Cotton reports June 18 closing prices with futures for July at 16.68 cents per pound, October at 17.04, and December at 17.26, reflecting market activity in futures trading.
Grain market report from Kansas City on June 18 lists Wheat No 2 hard at 1.3916 with 1 40 percent, Wheat No 2 red at 1.4214, Corn No 2 yellow at 1.0116, Corn No 2 mixed at 97 14 with 99 percent, Oats No 2 white at 0.4914454 and No 3 at 0.483.
Joe Moser notes the Buick Valve-In-Head engine features a torsion balancer counterbalanc ed crankshaft and heavy components plus rubber mountings and a vacuum ventilator for crankcase control. The design includes a temperate sealing system, triple seals, a Delvo starter, integrated transmission, and a smooth Buick multiple disc clutch.
The Laredo district reports heavy rains easing water shortages that stalled wells in Jim Hogg Webb and Zapata counties. Operators plan a vigorous drilling push with ample water supplies, while new gas wells in Cole subdivision Webb County and Cuellar area Zapata County come online, boosting daily gas output though still modest for the district.
Multiple firms including Newton Drilling Cor and Trussell Cozeaux IPutharm plan operations near Bruni in Webb county with surveys 9 and 10. Killam Madden No 2 completed derrick in Jennings Field Zapata county and Laredo Oil Co 13 Killam begins drilling in Webb county old Schott Field. Millham Texas and Porelon 111 drill in Starr and Webb counties with depths around 4280 feet while Roxana Petrologum tests near 974 to 1067 feet in Zapata county.
City Tax Collector C. de Lachica announces dog license issuance for 1927. Dogs found running at large without a license tag after June will be dealt with under city ordinance. 6-11-10t.
Port Worth cattle receipts total 400 with fifty calves. Beeves range 5.50 to 11.00 per hundredweight, stockers 5.00 to 7.75, cows 4.25 to 6.50, heifers and yearlings 5.00 to 10.00, vealers 3.50 to 6.00. Hog receipts 300 rise. light hogs 9.0, mediums 8.50 to 8.90, heavy 7.70 to 8.80, sows 7.75 to 8.00, pigs 7.00 to 7.50.
Cattle receipts total 250 with steady steer prices around 8.25 to 8.60. Yearlings average about 9.00 and cows near 6.75. Heifers fetch around 6.50 to 8.60, with choice venters topping at around 9.50 to 10.50. hogs receipts 400 with top at 8.80.
Edwin V. Hale, 57, vice president of the Union Trust Company of Cleveland, died in Cleveland Ohio today. Hale was a prominent financier and long associated with the Union Trust Company, with his death announced at the city’s financial circles.
Mrs. C. H. Smith of Comer Georgia describes severe weakness and insomnia improved after taking Cardus. She reports her daughter also recovered from severe cramps after using Cardus, noting the product has been used for over 60 years and is sold at drug stores NC-178.
In re Ladabaum bankrupt in case No. 73 a petition for discharge has been filed. The hearing is scheduled for July 8, 1927 at 10:00 a.m. in the office of Referee Thos H Ward, 316-316 James Moore Building Larado Texas. Creditors and interested parties may attend to object.
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