The Abilene Reporter-News (Abilene, Tex.), Vol. 59, No. 67, Ed. 2 Friday, August 4, 1939 Page: 13 of 14
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ugust 4, 1939
Friday Evening August 4. 1939
Tune In On KRBO
THE ABILENE REPORTER NEWS
PAGE
ALE
29
' AS VOLUME DECLINES-
Stock Leaders Wilt 1 to 2 Points
Model Airplane Builders Work. 1
Complete Ships for Sunday Meet
Ver
college
. $375
$250
$550
$450
$1500
■
rm.
$2500
$2750
$3450
$3500
Steels, Motors,
Rubbers Active
B WAGLEY
ALTY CO
rance-Loans
Alexander Bldg,
hone 3224
-Away
Average Spot Price
NEW ORLEANS, Aug. 4—(P)
—The average price of middling
cotton today at ten southern
spot markets was 10 points lower
st 9.28 cents a pound; average
for the pest 30 market days 9.37
cents s pound.
THE MARKETS
AT A GLANCE
Grain
Nearing the close of the summer Reporter-News and the monthly
- *1 award of a $1 kit for high-point*
series of contests, Abilene Model
club members were working this
TH ACREAGE
750 with $1250 cash
2 bathrooms, terms,
s $12.50. $650 cash.
5TH ST.
w paper $2700.00
RTH SIDE
g car in on deal.
SCHOOL
$2750.00
001 Jeanette $12.50
Store Bldg $17.50
: SALE
Imont—Aita Vista
on Agency
12 362 Cypress
R TRADE
letin. Mail property
ay, Aug issue out
of bargains in 14
& Business Column
Atr”
Y EXCHANGE
bilene, Tex.
hes
allas. Granger
2 baths. Corner lot
take smaller place
ternut, 75x140, Sale
or residence lot.
ites for sale.
SA VEN HILL
Ph 5132
ERS
ies with us for
to fees, etc.
NANCE CORP.
Phone 6566
LE
30
pavement and curb-
Priced to sell quick
31
creage or Rural Sta-
ne. Tex
N Mexico trade for
good town. R. L.
Erath Co. good net
water lots of liveoak
ge grass this is a
ner wants to sell.
Co. fair imp. creek
1 little stock farm
cult good imp. part
y for small farm or
70 a in cult a steal
Id Hereford heifers
RANCH
158% Cypress
I 60 per cent tillable
water this place is
n 50 mi of Lubbock
country and its worth
k farms from 320 to
some trade C3
Hamby to trade for
in Abilene.
and Goats for Sale,
in LES
__Ph one son
NEW YORK Aug. 4—(A)—Lead-
ing stocks wilted 1 to around 3
points in today’s market.
The list was off minor fractions
at the start, with volume about one-
half that of yesterday, A flurry of
offerings hit the ticker tape after
noon. There were subsequent slow-
downs and slight recoveries. With
. the pace'lagging in final dealings,
modest recoveries were in evidence
here and there at the close.
Steels, motors, rubbers, mail orders
and specialties were in front of the
STOCKS IN THE SPOTLIGHT
NEW YORK, Aug. 4.--(AP)—Sales,
closing price and net change of the
fifteen most active stocks today.
Loft 24,700 19 ap %
US Rubber 21,700 4312 down 146
Chrysler 21,200 80%6 down 1 as
US Steel 19,500 4914 down 244
Gen Motors 18.300 474g down 1
Comwith and Sou 15,360 184 no
Hupp Motor 13.800 1 no
Mont Ward 12,400 51*1 down %
Colum G El 11,400 74A down 14
Socony Vae 11,000 11'4 down %
Beth Steel 10,600 60 down 2%
Eng Pub Sve 9,300 12%4 down 14
Nat Dairy Prod 9.100 1744 no
North Am Co 8.600 24144 down 1
Cons 011 8,600.7% down %
fade-away. Rails, utilties and cop-
pers held declines to relatively small
amounts.
Brokers, as usual, had a number
of explanations for the retreat. For
one thing, those who follow the
charts exhibited a smattering of
pessimism because the industrial
average has been unable on a num-
.ber of occasions' to penetrate con-
vincingly the July peak. It got
through once or twice, but almost
immediately fell back.
Most in Wall street still viewed the
conservative shift of congress, and
the apparent change in the politi-
cal atmosphere, as bullish at least
for the- long pull Profits, however,
were said to have been cashed in
many instances on the possibility
certain lines of industry might be
temporarily affected by the killing
- of new deals lend ing-spending pro-
gram.
Foreign affairs again bobbed up
as a minor irritant. European mar-
kets, though, were quiet and trend-
less.
CHICAGO Aug 4 — (P — Wheat
prices eased in la te trading here to- |
day. dipping about % percent below I
, yesterday’s close after having ad-
vanced about a cent a bushel
• Wheat closed unchanged to %
lower. Sep 64-64 %. Dec 64 %-%;
corn %-% higher, Sep. 42 %-%.
Dec 42-42 % oats unchanged to %
higher.
Livestock
CHICAGO
CHICAGO. Aug 4 < USDA 1—Salable
hogs 5,000; top 6.65; bulk good and choice
180-240 Iba 6.40-65; 840-275 lbs 5.85-6.50;
270-300,lbs 5 25-6.00: 300-33 0 lbs 4.85 -5 3 5
good light sows 5.00-50; 300-360 lbs 4.60-
5.00: 400-500 lbs kinds 4 00-5 0
Cattle salable 500; calves 300; medium to
good steers and yearlings T.B0-9.25: fat
yearling 8 50; bulk run common beef cows
and cattle cutter and common cows 4.50-
5.50 vealers downward from 10.50.
Salable sheep 2,000; native spring lambs
to packers 8 50-75; few small killers 8 85
dry fed yearlings 8.10; native slaughter
ewes 2 50-3 50 mostly.
DENVER
DENVER. Aug 4. —(UBDA)—Cattle
salable 100; calves salable T5; vealers 9.75-
10.00; bulls 5.50-6 48; common cows 5.00;
good young cows 6.75; grass heifers 5.50-
6.75.
Hogs salable 200; good 180-2 4 0 lbs 6.10-
40 240-270 lbs 5 65-6.15: good sows aver-
aging 360-475 lb 3.25-4.00; 340 lb 4 25
Sheep salable 8900; good to choice na-
tve spring lambs 8.00-50; good native ewes
2 .50.
KANSAS CITT
KANSAS CITY Aug 4.—(USDA)-
Hogs salable 1000, top 6 15: good to
choice 180 240 lbs 5 90-6.15; a few 250-280
lbs 5.25-90; heaven weights scarce; 140-
170 lbs a 35-6 00; sows 3.50-4.50.
Cattle salable 150; calves salable 100;
practical top vealers 9.00.
Sheep salable 300; top trucked in na-
tive spring ambs 8.35; most good to
choice lots 8.00-25.
PORT WORTH
FORT WORTH. Aug 4 (USDA)—Cat-
tie salable 800; calves salable 400 good
around 1.000 lb steers held at 8.00; good
long yearling steers 9.00; butcher and
beef cows mostly 4.00-5.00; bulls 4.25-5.50;
slaughter calves mostly 5.50-7.25; heifer
calves 7.75.
Hogs salable 400; top 6 10 to shippers
and city butchers! packer top 6.00; bulk
good and choice 180-240 lbs 5.90-6.10; ISO-
180 lbs 5.40-6.10; packing sows 4.25-4 50
Sheep salable 1,000; spring lambs 6 50-
6.75: yearlings 5.50-5 75; feeder lambs
6.50-6.75; yearlings 5.50-5.75; feeder lambs
mostly 4 00 down; feeder yearlings 5 00
down.
OKLAHOMA CITY
OKLAHOMA CITY, Aug 4.-(USDA)-
Cattle salable 100 calves 500; load good
895-lb steers 8 25; odd head and small lots
butcher yearlings 6.00-7.00: beef cows
4 75-5.75: bulls up to 6 28, most sales 5 00-
6.00; vealers mostly 8.50 down, slaughter
calves mostly 4.50-7 50.
Hogs salable 1100 packer and shipper
top 6.00: few lots to small killers to 6.10;
most good and choice 160-240 lb weights
5.75-6 00; lighter weights and heavies
mostly 5 00-50; packing sows 8 25-4 25.
Sheep salable 300; spring lamb top 8.00:
most good and Choice ewe and wether
lambs 7 50-8 00, medium to good sorts
7.00-50; feeder lambs up to 6.50; fat ewes
mostly 2 00-50.
Produce
: EXC.
33
ence for small busi-
Ballinger 1942 No.
nee for sale at bar-
payment. Will ex
d tourist park for
Well improved small
for farm.
L — Ph 6608
Club
> Expo
Aug 4—(Spl )—
Sweetwater clubs •
it noon Thursday
be devoted to the
ion according to
ib secretary.
and directors and
endents of this
be guests of the
• a general round-
d pep session will
r is urging that
siness men attend
hether they are
lub or not. “This
designed to start
ind build up en-
fair and we want
twater who is in-
the fair go over in
to be present,” he
Exposition are Oct.
* Austin Jordan
ident of the fair
Schools
Month
Aug ♦— (Spl)-
idated schools of
begin classes this
to announcements
dents
1 of Roscoe will
g 19 Dalton Hill
of this school
egin Monday, Aug
D Norris, super-
schools will dis-
eason for the crop
Records
LICENSES
i nd Louise Carter,
irgaret Scott.
Therma Owen
R VEHIC LES
rolet sedan
idsmobile sedan
UNTY COL R1
Judge Presiding
doing business a
s vs Wade Lour#
mages.
E V Landreth and
suit on note
ISTRIC T COURT
, Judge Presiding
A Dunwoody and
lit for damages
irnerhill vs Willie
divorce
sorge Dennis, suit for
, Charles MeMullem,
Cotton
NEW YORK
NEW YORK, Aug 4 -Cotton futures
opened 2 to 4 lower Oct 9.00; Dec 8.83;
Jan 8 69 8 Mch 8.60 May 8 44 July
8 25B B-bid. N-nominal.
Prices held around opening levels, 1 to
3 net lower at midmorning, with October
off 2 at 9.02 and May down a point at
The midday undertone showed net de-
chines of 1 to s point*
LIVERPOOL SPOTS
LIVERPOOL. Aug 14 —Cotton 2,000
bales includ ng 400 American Spot quiet,
prices 1 point higher Quotations in pence
American strict good middling 5 98
good middling 5 63 strict middling 5.43:
middling 5 28: strict low middling 4 98.
low middling 4 43; strict good ordinary
3 98 good ordinary 3 63 Futures closed 2
to 3 higher Oct 4 52; Dec 4 44: Jan 4 43
Mch 4 43; May 4 43 July 4 42
(This market will observe the August
bank holiday, closing Saturday and Mon-
day Aug 8 and 7)
COTTONSEED on
NEW ORLEANS Aug 4 -Cottonseed oil
closed steady: bleachable prime summer
yellow 5 75 nominal, prime crude 4 50
nominal
Sep 5.23B Oct 6 29B; Dee 5.48B Jan
5 49B; Mch 5 60B
NEW YORK FUTURES
NEW YORK Aug 4 — Cotton futures
closed 5-9 lower.
CHICAGO
CHICAGO, Aug 4.—Eutter 1.192,892,
unsettled, -creamery 93 score 24-24%; 92
23%: 39, 21%: 88. 21; other prices un-
cha nged
Eggs 9.997, steady: prices unchanged
Poultry live, 1 car 38 trucks, unsettled,
hens over 5 lbs 141: colored, rollers 13:
leghorn broilers under 2 lbs 13; colored
fryers 13; other prices unchanged.
POTATOES
CHICAGO. Aug 4 (USDA)— Potatoes
4g on track 172, total US shipments 282
sacked per cwt Nebraska cobblers 85 per
tent or better US No 1. unwashed few
sales 1 10-20. washed few sales 1.271:40:
Oregon bliss triumphs US No 1, 1 70-75
Idaho Bliss triumphs US. No 1, under ice
1.70-85.
KANSAS CITY
KANSAS CITY. Aug 4 -Hens 9-10%
springs 101-13%: broilers 101-12 Other
produce and poultry unchanged
) FORT WORTH
FORT WORTH. Aug. 4 —Produce un
changed
Financial
BAR SILVER
NEW YORK. Aus 4.—-Bar stiver 34%,
unchanged.
_ r. s. BONDS
NEW YORK, Aug 4 Government
bonds.
TREASURY Sales High Low Close
3% 43-40 June 11 103.3
3% 56-46 ... 1 115.23
41 33-47 6 121.30 121 18
21 53-49 .....4 106.20
3 55-51 .... 1 112 5
21, 60-55 10 109 17 109 12
HOLC 3 52-44 3 108.25
Oct ...
Dec ...
.... 0.82
.... 8 85
Low
8 95
8 76
8 70
8.54
a 38
Jan ................8.72
Mch ...............8.62
May .............8.45
July .........8.30 -
Middling spot 9 55N. N-nominal
8 21
Glose
8.95
8.76
8.63N
8.55
8.22N
NEW ORLEANS FUTURES
NEW ORLEANS, Aug 4 Evening up
in advance of the bureau's crop estimate
next Tuesday sent cotton futures prices
lower here today and the close was steady
at net declines of 6 to 10 points
Open High Low Close
9.14 8.06 9.06
8.96 8 87 8.88
8 80 8.74 8 74 .
Oct 9.14
Dee 8.94
Jan 8.80
Mch 8 71
May 8.55
July. 8.36
Off 10
off a
off 10
off
8 30 811 s.3:
NEW ORLE ANS SPOTS
NEW ORLEANS, Aug: 4 Spot _
closed quiet; 10 points lower Low middling
8.06 middling 8 21, good middling • 78
receipts 1,363.
cotton
TEXAS SPOTS
DALLAS Aug 4.—Cotton 8.68; Hous-
ton • 05: Galveston, 9 02
Brandon Legally
Wed, Court Rules
OKLAHOMA CITY, Aug €—(—
Former supreme court Justice Fred
P. Brandon, whose own decision in
I similar case rose to plague him.
argued today for a new trial in the
district court which held he wae
legally married to Madeline Braniff
Branson
The 47-year-old stenographer won
a verdict yesterday validating her
1930 New York marriage to the ex-
jurist and giving her $250 a month
support money
Branson, 59 had contended dur-
ng the sensational four-day trial
that the ceremony was not binding
because It wae performed before six
months had elapsed from the time
his first wife obtained her divorce
Bolt Kills Boy
On Menard Ranch
MENARD, Aug t— (PP)—Forrest
Word, 15, was killed when .truck
by lightning this morning while
riding a horse on a ranch 16 miles
■outh of Menard He wae rushed to
Menard where physicians made in-
lections of adrenalin, and rescusl-
ation was attempted
Funeral arrangements are pend-
ng.
GROWING Teenage
aren’t so far off for Shirley Tem-
ple, whose age is given as 10 by
her film studio. She’s been in
21 feature pictures during a
meteoric career.
Aug. 4—(By Associated Press)
New York
STOCKS-Heavy; quiet sell-
ing depresses leaders.
BONDS-Mixed; profit selling
in rails, utilities.
CURB — Lower; industrials
lead general retreat.
FOREIGN EXCHANGE-
Steady; guilder rallies.
COTTON—Lower; hedge end
foreign selling
SUGAR — Easy; commission
house liquidation.
COFFEE — Improved; trade
and roaster interests buy.
Chicago
WHEAT — Closed unchanged
to % down
CORN—Closed %-% up
HOGS — Slow, week to 25
cents off.
CATTLE — Clean-up trade,
mostly steady.
CHICAGO
CHICAGO, Aug 4.—Firmness at Liver-
pool and reports of continuing hot weather
in the domestic and Canadian spring wheat
belt helped boost wheat prices about 1
cent a bushel here early today.
Opening unchanged to % higher, Sep-
Umber 64%%, December 65-65%, wheat
futures held near this range Corn started
unchanged to M up, September 414-3.
December 41% %
CHICAGO CASH
CHICAGO, Aug. 4 —-Cash wheat No. 1
hard 69; No. 2 hard tough 66%: No. 2
yellow hard 66%*; No. 2 mixed 67-671:
No 3 northern spring tough 65.
Corn No. 1 yellow 44%-45.
Oats No. 1 mixed 29, No. 2 mixed 28-
28%: sample mixed 27%; No. 2 white 30-
30%: barley No. 3, 46
GRAIN TABLE
CHICAGO. Aug 4 —Grain table;
Low Close
63% 64-64%
64% 64*7
65% 65%-66
Wheat
Sep
Dec ... .
May .
Corn:
Sep ....
Dec
M Vats:'
Sep ....
Dec ....
May ...
Open
64%-%
. 65-65%
66%
. 41*7
• 41%-%
. 44%
. 27%
28%
88%
High
65%
5%
42%
42%
45%
27%
29
29
41% 52%-1
414 42-42%
44% 44% %
27% 27%
28% 28%
28% 284
New York Stock
Exchange
NEW YORK. Aug 4.—Sales (in hun-
dreds) high, low and closing quotations
today on the New York stock exchange.
A
Al Chem and Dye.
Allis Ch Mfg .
Am Can .....
Am M and Fdy .
Am Pow and Lt. .
Am Rad & St S
Am Roll Mill
Am Smelt and R
Am Tel and Tel
Am Wat Wks
Am Woolen ..
Am Zinc L and S
Anaconda ......
Atch T and Sg .
All Refining
Aviation Corp ..
. 2 172% 171% 171%
.11 36% 35 35%
. S 102 102 102
. 3 12%
.55 5%
73 11%
12% 12%
5% 5%
11 11%
15 15
454 45%
.15 15%
22 47 _
.14 168% 166% 167%
.78 12% 11% 11%
4 4% 4% *4
4 5% 5% 5%
.74 27% 26% 26%
.39 29 27% 27%
. 5 20% 19% 19%
40 4% 4 4
Barnsdall Oil .
Bendix Aviat
Beth Steel . ....
Borden Co.....
Budd Wheel . .
B
...13 13% 13% 13 %
...29 25% 24% 25
..102 62% $9% 60
.. 26 22 21 21 %
8 4% 4% 4%
C
Callahan Z Lead . 3 % % %
Calumet, and Hec ... 15 6% 5' 6
Cerro De Pas .....3 36 35% 36
Certain Teed Prod .7 7% 7% 7%
Chrysler Corp .....212 82 % 79% 80%
Colum G and El ..115 7% 7 7%
Com! Solvents ... 20 11% 11% 11%
Comwith and South 154 15 1‘s 1%
Consol Oil .........63 7% 7% 7%
Cont Can ... ......10 39% 38% 38%
Cont Oil Del ......38 21% 21% 21%
Corn Products ..... 3 62 61% 81%
Curties Wright .....25 5% 5' 5%
Douglas Aircraft .
Du Pont .......
El Auto Lite
E1 row and Lt
Freeport Sulph
Gen Elec ........
Gen Foods .......
Gen Mot . ......
Goodrich .....
Goodyear ...
Gt Nor Ir Ore Ct
Ot North Ry Pt
D
22 6867 674
18 163% 160% 160%
E
. 61 36% 35
64 9 ‘ 9%
F
2 22 % 22
G
. 75 38 % 37
.. 7 474 47
..183 48% 47%
...23 18% 17%
65 28 % 27%
.. 11 14% 13%
79 26 % 24%
H
35%
9%
22
37%
47%
47%
17%
28
134
Houd Hershey B 8 12
Houston Oil . ...... 8 5%
Howe Sound
Hupp Mat .
...11 52
..137 1%
1
125
51
1
12%
54
51
1
Int Harvester . . 22 524 51%
Int Hydro Elec A .10 6' 6%
Int Tel and Tel . 56 6% 6%
Johns Manville .
Kennecott Cop
Loews Inc .
Lorillard .
Marshall Field .
Mid Cont Pet
Mo Ken Tax
Montgom Ward .
Nash Kelvinator .
Nat Biscult
Nat Dairy Prod .
Nat Distillers
Nat Pow Lt.
N Y Central RR
North Amer Co.
Northern Pac .
75 734
K
62 37% 36%
L
3 45% 45
. 19 23 % 23%
M
. 27 14% 13%
... 7 12% 12%
125 53% 59%
N
14 6% 6%
12 26% 25%
as is 17%
. 9 25 24%
64 949
85 15% 15%
. ..85 25 34%
... 37 10% 9%
O
onio on ......15 6% 6%
Pac Gas Elec . ... 6 34 38%
Packard Moi .....25 3% .3%
Pan A m Airways . 8 13% 1344
Panhandle P and R 5 %
Penney J C ......4 93
Penn RR . .......M 18%
Patrol Carp ......1 7%
Phelps Dodge.....S1 41%
Phillips Pet ......14 34%
Plymouth OU.......8 19%
"Pub Sve N J.....19 41%
Pullman
Pure Oil %
% 92%
5
a 27
47 7
R
Radio Corp Am . .. 33 6%
RKO .............4 3
Rem Rand ........10 12%
Repub Steel.. ... 92 ITS
Seaboard on
Sears Roebuck
Servel Inc
Shell Union on
Simmons Co. .
Socony Vac . .
Sou Pac . ..
Sou Ry ....
Stand Brands .
Stand on Cal ,
. 2 18%
.40 79%
24 16%
. 1 10%
: T 25%
112 11%
391
33 8
51%
61
6%
73%
36%
KASAS CITY CASH
KANSAS CITY, Aug 4 - Wheat ,92 ears:
% higher to A lower; No. 2 dark hard 69;
No. 3, 66-TO: No. 2 hard 62% 63; No 3,
614-66; No. 2 red 611-62; No. 3, 60%
61.
Close Sept 58%: Dec 59%: May 60%
Corn 4 cars; unch . to 1 higher o. 2
white nom 534-54%; No. 3 nom 521-53-
%: No. 2 yellow nom 44 A-45%: No. 3.
nom 444-45%: No. 2 mixed nom 434-44-
%: No. 3 nom 434-444
Close Sept 40%: Dec 391-
Oats 3 cars: V-12 higher: No 2 white
nom 28%-29%: No. 3 nom 27%-29.
FORT WORTH
FORT WORTH, Aug. 4.—Fair demand
for grain was reported here.
Wheat No. 1 hard according to protein
and billing 741-811-
Barley No. 2 nom 52-53.
Sorghums No. 2 yellow milo per 100 lbs
nom 1.10-1.13.; No. 2 white kaffir nom 88
1.02.
Corn shelled o. 2 white 70-701-
Oats No. 2 red 37-39.
Wool
COMMERCIAL BULLETIN
BOSTON Aug. 4.—(AP)—The Commer-
cial Bulletin will say tomorrow:
"While the volume of business done in
the wool market this week has been less
pronounced, prices are firmer than ever
and good class III fine wools are quotable
for the best descriptions at 70 cents clean
basis. Quarter-blond combing wool, also,
shares the spotlight, with prices relatively
firm at 60 cents clean basis for the top
on territory wool. A few buyers might re-
luctantly pay this week a half-cent to a
cent more for bright medium fleeces.
‘Sales of mohair in Texas this week
have been still on the basis of 42 and 52
cents, respectively for adult and kid i
The Bulletin will publish the following
quotations.
Scoured basis
Texas: Fine 12 months selected 70-72:
fine short 12 months 66-68; fine e-F nt
months 63-64.
Mohair:
Domestic adult graded First sort, 67-
69; second sort, 52-55; third sort, 43-45.
BOSTON
BOSTON, Aug 4.—(USDA)—Scattered
sales of moderate volume were being clos-
ed today in the Boston wool market as a
few users were covering urgent immediate
requirements.
The bulk of sales were on fine wools.
Good French combing length fine territory
wools in original bags were bringing most-
ly 67 to 69 cents, scoured basis. Twelve-
month Texas wools were bringing 67 to 71
cents, scoured basis, for moderate quan-
titles. Combing quarter blood bright fleece
wools were receiving a little demand at 32
to 34 cents, in the grease, but combing
three-eighths bloods, quoted at 32 to 33
cents in the grease, were very slow
Sino Mob Wrecks
British Concern
45
23%
13%
12%
%
51%
6%
26
24%
9%
15%
25
6%
333
131
%
92%
18
5*
19% 1%
40% 40%
26% 27
6% 64
• •
2 8
11% 11%
18% 16%
ES
ALWAYS A GENTLEMAN—No ugly words marred
the occasion when St. Louis Browns Manager Fred Hsney was
banished from game in Boston, won by Red Sox, 6-4. Instead of
burling epithets, Haney bowed to Umpire McGowan."
In Abilene
ACCUSED SLAYER
TIENTSIN. Aug 4.—P)—Anti-
British violence broke out anew to-
day when a mob of Chinese attack-
ed offices of the British Interna-
tional Export corporation, smashed
furniture and other equipment, and
threw it into the Hai river. Britons
said the attack was instigated by
Japanese.
British and Chinese employes of
the corporation took refuge on the
adjoining property of an American
concern, the Texas Oil company.
today
Police today had recovered a bi-
cycle found hidden beneath some
grass along Cedar creek near Four-
teenth and Cottonwood streets. It
was discovered and reported by
Donald Dobbs, 1410 Cottonwood.
Reported stolen was a 1932 black
Chrysler coupe belonging to R A
Flicklin, who said he left it on the
street out of gas Wednesday night.
It was gone next morning.
John Fielder today was issued a
city permit for construction of a
$3,750 frame home at 1425 Cedar
Crest .drive Ninety days were al-
lowed for completion.
Large crowds are attending the
revival service conducted by the
Rev Joe Temple, sponsored by the
Methodist young people, on the lawh
of the First Methodist church each
night this week. The revival will
list through Sunday night. The
Rev. Temple, selected from minis-
terial students at Bob Jones college,
speaks daily at 12:45.
Mr. and Mrs. J. J. Allen are in
Abilene for a visit of several days.
Formerly for many years Mr. Allen
was an employe of the Texas &
Pacific railroad in the local yards,
as car inspector. Their home now
is in Savoy, over near Sherman. "I
have to get back every year or two
to see how the old home town is
getting along,” said Mr. Allen. “As
usual it looks good."
•—-
V 1
S3
Rea Jones, Franklin county,
Illinois, attorney, said George
W. Gore Jr. (above) made an
oral admission he shot and kill-
ed his stepmother, Mrs Nancy
Gore, on the sleeping porch of
the Gore home in Benton. Young
Gore was charged with murder.
(AP Telemat)
a
Gambling Ship
Curb Bill Passed
Four-year-old Bill Weed under-
went an operation for removal of his
tonsils this morning at Hendrick
Memorial hospital. He is the son
of Mr. and Mrs J. T. Weed. 1642
North Eighth street.
An Abilene man was fined $10
and costs in justice court, precinct I
1
WASHINGTON Aug 4 — (PP) — - , .
Th. house passed and sent to th. 1. place 1, this morning by Judge
senate today legislation intended to Theo Ash for driving on the left
curtail operations of gambling ships side of a highway The man was
off ths west coast arrested Thursday night by high- 1
way patrolmen
Examining trial for James Rid-
ens of Winters was held this morn- !
ing in justice court of a charge of I
child desertion at the complaint 1
of his wife. Justice Theo Ash bound
Ridens over to the September term
The bill, approved by the house
judiciary committee end supported
by both republicans and democrats,
would provide stiff fines and impris-
onments for maintenance of gam-
bling ships within the admiralty
and maritime jurisdiction of the
United States.
week on construction of new planes
for entry in Sunday’s double-di-
vision competition at the municipal
airport
Keenest competition is expected
between Raymond Daniel and John
Brooks. who hold a lead in point
honors for a trophy which will be
presented next month by Dub
Wooten.
The contest Sunday is open to
model planes in the rubber powered
class for two divisions, one for ships
o’ 36 inches or less in wingapread
and one for 36 inches and above in
wingspread, both in fuselage frame
construction. Models of 36 inches
may be entered in both classes.
- Award of *1 model kit in each
class for endurance winners by the
FDR Mum on
winner during the month of July
is offered by Dub Wooten.
Club members who have been
working on ships at the WPA recee
reation building at Fair Park under
the supervision of Donnie Griffith,
lost about $2.40 in equipment at-
the hands of youthful marauders;
last night, a set-back to construc.”
tion work Several tiny propellors;
wood and glue were missing. .
Members of the gas model da-
vision of the club meet tonight at
8 o’clock at the Community Nate
ural Gas company office on North
Second. Plans are expected to be.,
advanced for the staging of an in-
vitational contest here late in the
summer which will be open to both
gasoline-powered planes and the
rubber-powered models.
Housing Vote
WASHINGTON, Aug 4.— )—
President Roosevelt said today the
house vote killing his proposed
$800,000,000 expansion of the gov-
ernment's low cost housing program
spoke for itself.
The house voted yesterday against
considering the measure, which
may, however, be taken up next
session.
Last Tuesday, after the house
had defeated his main lending bill.
Mr. Roosevelt said the action would
have an adverse effect on indus-
try, the taxpayers and relief rolls,
and added this would be the same
effect should the housing measure
go the same way.
Asked whether he planned to take
it to the country with speeches on
the lending and housing issues, the
president said ha had no plans for
speeches except in the Great Smoky
mountains of North Carolina and
Tennessee and at the San Fran-
cisco fair. He did not believe, he
added, that the reporters could fig-
ure a story on either of those
speeches
Roosevelt Selects
Six New Generals
the officials but the secretary stopr.
ped them with the words: —.
"The governor, says he will ree
lease a report on the meeting.” T
Floor Press Attendance
Both Lockhart and Sheppard said
they had no desire to bar the press
and recalled that reporters attend-
ed previous meetings.
Lockhart added that since the
governor was chairman of the board
other members had expected him to
invite press attendance although the
matter was not discussed.
"I always have favored attend-
ance of press correspondents at .
meetings of the automatic tax
board, Sheppard said. $
Lockhart said the new rate was:
set without extended . discus-
sion since there was no al-
ternative to choosing the maximum
due to deficits in various funds
exchanged by ad valorem taxes. :
Three motions to set the tax rata
for school, general fund and con-
federate pension purposes were
made by Sheppard and seconded by
Lockhart. The motions were putby
the governor. •
"The increase was made necess
sary under the law by action of
the board of education in setting a
$22 per capita apportionment and
by obligations,” Sheppard said. “It
was the only thing to do.”
CONGRESS-
(Continued From Page One)
licans would not object to this pro-
cedure because of the emergency.
RIGID AIRSHIP PARED
WASHINGTON, Aug. 4 — ( -
President Roosevelt had selected six
new army generals today in a re-
shuffling of the high command re-
sulting from retirements
Disregarding seniority in several
instances. Mr. Roosevelt sent to the
senate the nominations of Brigadier
Generals Kenyon A. Joyce and
George Grunert to be major gen-
erals, along with the names of four
colonels selected for promotion to
brigadier general.
Joyce, a cavalry officer now sta-
tioned at Fort Bliss. Texas, will suc-
ceed Major General Robert Mcc.
Beck Jr., who the war department
announced retires October 31 on his
own application after 40 years serv-
ice. Beck is assistant chief of staff
in charge of operations and training.
Execution Stayed
After Broadcast
Senator Byrnes (D-SC), a mem-
ber of the appropriations commit,
tee, said the only senate reduc-
tion was elimination of a $300,000
house-approved item to begin con-
struction of a rigid airship for ths
navy. :
Some senators said the appro-
priations committee made increase
es of $135,000,000 above the $54.5
000.000 voted by the house Others
said the increases were nearer $150,5
000,000
The biggest increase was the
$119,000,000 for the Commodity
Credit corporation, which makes
government loans on farm crops
Only a short time before the bill
reached the chamber it had been
approved in its present form by
the appropriation subcommittee
which restored the $119,000,000 item
for the Commodity Credit corpora-
tion
—
AUSTIN, Aug 4 — ^—Because
the execution was set on the same
night as a radio broadcast originat-
ing from the Texas penitentiary.
Governor W Lee O'Daniel today
had granted a 24-hour stay for Har-
ry Lacey who was scheduled to die
in the electric chair Aug 17.
The extension was given on re-
commendation of the board of par-
dons and paroles. T. C Andrews, a
member said prison authorities also
had recommended the stay.
Lacey was convicted of murder in
Montgomery county.
52
The action came almost simut-
taneously with endorsement by
President Roosevelt of Secretary
Wallace’s insistence that the mor-
ey, for the Commodity Credit corr
poration, be restored to the third
deficiency bill, from which it was
slashed by the house.
a
At his press conference the prep
ident said the secretary of agdi-
culture was right in emphasizing
need tor $119,000,000 for the federal
loan agency.
Wallace urged that the senate
write the sum into the third de-
ficiency bill from which it was
eliminated by the house The mon-
ey Wallace said, was essential, to
continuance of the farm loan pro-
gram, and he declared prices, of
major farm crops would fall and
the entire program be threatened.
If it was not granted
Controversy over the farm fund
was the lone threat to adjourn-
ment Saturday night. Senate Ma-
jority Leader Barkley said the lead-
ership still hoped the plan to quit
then would go through.
Berkley said he planned a night
session to speed work on the defi-
TAX RATE-
(Continued From Page One)
fund deficit at the end of this
month’at $19,932,361 That would
mean the overdraft was expected
to grow around $6,000,000 during
the 1939-40 fiscal year A small part,
of the growth was attributed to new
tax'remissions to Harris and Mont-
gomery counties.
CHOICE—“No better person
could be named,” said Manuel
Quezon, bailing F.D.R.’s nom-
ination of Francis B Sayre
(above) as U. S. High Commis-
sioner in the Philippines.
CLAUSE CITED
Remissions to various counties.
Calvert pointed out, have removed
$655,700,776 from the amount of 190
property valuations subject to the
state tax for general fund purposes
This figure will rise sharply when
the general tax remission bill be-
comes effective, probably in the
18 18
18% 78%
18 16
10% 10%
24 24
11 11%
14% 14%
16% 16%
28 %% 6% -
..30 25% 25%
..18 25% 24%
34 41% 40%
measure
58 15%
62 17%
Stand Oil Ind .
Stand OH N J - ___
Stewart Warn *. 7 8%
Stone and Webster 61 123
Studebaker . ... M 8%
T
U
8%
Texas Corp .....68 35% 24%
Texas Gulf Prod ..8 4
Texas Gulf Sulph
Texas Pac C A O ..
Tex Pac L Tr . ...
Tide Wat A OU
Trans and West Ate.
Union Carbide
Union Oil Cal
United Aircraft
United Carbon
United Corn
United Gas Imp
U S Rubber
U S. Steel . ..
31
29% 28%
7% 7%
11
25
24 14
40W
•U
12%
81
35
3%
28%
TA
105 %
10% 10%
U
16 834 81% 81 %
... 15 16% 16% 16%
... 14 38 37MITX
.... 1 63 63 63
...•• 3% 3% 3%
. .47 14% 14 14%
...216 48% 43% 43%
... 194 514 49% 494
W
Walgreen Ce 1 12% 22% 224
Warner Bros Plet, 36 51 4% 5
West Union Tsl 76 27 25% 25 %
West E1 & M 33 110% 10S 108%
White Mot ......1 9 9 9
Wilson and Co. ... 5 3% 34 3%
Woolworth 48 49% 48% 48%
NEW YORK Ct RR
Am Cyan B .....8 28% 21% 27%
Am Superpower .... 8 % 1116
Ark Nat Gas .....1 2% 1
As G and El A .... 2 %1
Carnation .....3 33% 31
Cities Service ......2 6 5%
Cosden Oil ......18 3% 1%
F Bond 8h .......209 10% 9%
Ford Mot Ltd ......344
Gulf Oil ........9 31% 31%
Humble oil ...... 18 M% 57
Mount Prod .... 2 54 S
Mag Hud Pow.... 16 7% 7%
st. Regis Pap ...'#!<
Shattuck Denn .... s if
st OH Rj .....5 MB
Sunray On 2 Ju
United Gas 20 1
Un Lt Pow A ......10 a
2% 2%
11-16 11-16
33%
5%
1%
LAUGHING MATTER in rare good humor. Mussolini
(right) and staff member viewed Italian art exhibit is Rome
of 42d district court for trial and
released him to make $500 bond
Sheriff’s department of Taylor
county was notified this morning
of the recovery of a set of license
plates stolen from Linden A Gate
of Merkel earlier this week The
plates were found on an abandoned
Dodge sedan near Tulia An auto-
mobile and tire tools were also tak-
en from Gates car
Johnny Lyons, negro, received
medical treatment st the Hendrick
Memorial hospital this morning after
having his hand injured In machine-
ry at the West Texas Cottonoil mill.
Doctors said the hand was mashed
severely and several fingers fractur-
ed. but they did not consider the
injury serious
Woman Slugged and
Tossed from Car
SAN ANTONIO, Aug 4—on-
Relieved to have been an abduc-
tion victim a 22-year-old Ran An-
tonio woman was found unconscious
on s roadside near Sinton early this
morning. Sheriff R F Hunt of Ran
Patrictio county notified local of-
ficers
According to Sheriff Hunt the
victim, taken to s Sinton hospital
la a serious condition, said she had
been slugged end tossed from sn
automobile
1940-41 fiscal year
O'Daniel cited the emergency
clause of a bill dealing with the
school apportionment and the tax
rate, which bill was passed at the
legislature's last regular session
The clause said: “The fact con-
fusion has arisen as to the duties of
the automatic tax board and the
board of education and the further
fact that on account of such confu-
sion various public schools of Texas
have been unable to run for the
minimum six months ss required by
the constitution, creates an emer-
gency.” ■
“Now if this statement be true."
the governor said “and it has by
both houses of the legislature been
legislatively determined to be true,
then it means that one year ago
when the tax rate was fixed it was
not fixed high enough to comply
with the constitutional mandate of
providing funds for six months
terms.”
At another point in his statement
O’Daniel reiterated his opinion “an
excessive portion of the money to
operate governmental units is being
collected from ad valorem taxes.”
Shortly before the time set for
the start of the board meeting, news
reporters gathered in the anteroom
of the governor’s office. One of
O’Daniel’s secretaries came out and
called Sheppard and Lockhart The
reporters started to troop in behind
‘e th
TOO LATE TO CLASSIFY:
BARGAINS"
in
2 Good used Coolerators :
1 Hotpoint electric water .
heater -,
1 5 ft. Grunow
Ice boxes $2.50 and up. :
Sanders Appliance :
Company
233 Cypress ■ ■
NOTICE or FIRST meeting or CAEn.
ITORS
IN THE DISTRICT COURT OF THE
UNITED STATES FOR THE NOR
THERN DISTRICT OF TEXAS IN
BANKRUPTCY, ABILENE DIVISION.
IN THE MATTER OF JOSEPH CHAPPLE
REYNOLDS Bankrupt ___
NO 1863 IN BANKRUPTCY__
ABILENE, TEXAS. Aug 3. 1939. ‘
BEFORE D M OLDHAM, JR. Referee in
Bankruptcy _________2
To the Creditors of JOSEPH CHAPPUB
REYNOLDS, of Happy' Valley, In the
county of Taylor and District aforesaid,
a bankrupt. Notice is hereby given that
on the 19th day of July, * D., 1939,
the said Joseph Chapple Reynolds was
duly adjudged bankrupt, and that the
first meeting of his creditors will be
held at my office in the City of Abilene,
Taylor County, Texas, on the 24th day of
August, A D., 1939, at 10 o’clock in the
forenoon, at which time the said credi
tors may attend, prove their claims Ap
point a trustee, examine the bankrupt
and transact such other business as may
properly come before said meeting, ruin
D. M OLDHAM. Jr *
Referee in Bankruptcy.
.—Adv.
ta
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The Abilene Reporter-News (Abilene, Tex.), Vol. 59, No. 67, Ed. 2 Friday, August 4, 1939, newspaper, August 4, 1939; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1631225/m1/13/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Abilene Public Library.