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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 16, 1921
Page
9
Stocks opened higher and held Friday's gains with further upside in oil and copper shares. Leadership from electric and gas stocks continued as wage talks and tariff expectations clouded near-term prospects.
Realizing sales and a supply from the professional operator, buyers eased a bit on the curb market. Some bids appeared for Southern Coal and Iron, but offerings held firm. Radio issues stayed steady while oils showed smaller activity. Standard Oil rose briefly before profit taking pulled it back. Mining stocks remained steady except Magna Copper which rose slightly.
A terse market note for Chicago stocks shows mixed activity with metal and foreign exchange mentions. The April report highlights shifts in silver prices and the standing of Mexican dollars in trading amid a subdued session.
Chicago reporters note stronger meat trade conditions with renewed foreign demand aiding cattle and hog trades. Domestic pork demand rises while prices stay near last week. light cattle and hogs show varied gains, calves little changed, and sheep movements steady to higher amid poor weather and heavy rain affecting activity.
A 00th anniversary celebration of Martin Luther’s Diet of Worms stand plans a San Antonio observance with sermons at St. Henry’s and English Lutheran churches and services across the United States. Leaders from the Nation Lutheran Committee of New York confirm the event with President Warding commending the plan. A St. Louis party traveling to San Antonio will miss some border hours, with a partial itinerary revised.
Bond activity on the New York Stock Exchange totaled 5 000 today, far below yesterday’s 30 939 000 and weeks’ 16 000. Year comparisons show 8 609 000 and 7 825 000. From January 1 to date 869 043 000 versus last year and five years ago figures. Market details by security, including high, low and close, are listed. Weather notes indicate no market today due to weather.
Mexican government issues led the morning market higher with a four point gain as traders priced in recognition of the new government after Washington conferences. French and Belgian issues held steady, with gains in some convertibles and industrials including Armour.
New York April 15 The stronger Wall Street tone and British labor improvements sparked a 10 to 11 point opening in the cotton market. Traders bought early but sold as uncertainty about English coal miners persisted and weekly trade reviews pointed to mill curtailment. The emergency tariff bill passed the house but is expected to see senate amendments affecting long staple cotton. broad trade impact uncertain. Manchester cables suggest resumption in business though strikes constrain turnover while India and minor outlets show active demand for cloths. Port and regional textile news noted belt yields and planting delays.
Fort Worth, Texas. Tuten, accused man, received a five year penitentiary sentence after a district court jury found him guilty of the murder of Western Union operator Nichols. Nichols vanished February 5 and his body was found in the Trinity River. Witness Blanche Lorraine testified that Pulteney admitted the shooting and said the body was dumped near a bridge over the East River. Phillips, held as an accessory, was not charged. The verdict followed a trial that ended shortly after 10 p.m. Friday.
April 16 report shows BC liquor board seeking buyers sellers and inspectors to run a planned chain of government stores across the province. Board chair Johnson notes applicants come from diverse regions as talks aim to open state outlets.
Cosden Oil reports 14.5 million net profit after taxes for the year, about sixty million gross income, over 11 million surplus for dividends. Company touts southwest refinery quality and future prospects amid a surge in auto parts demand and a 20 percent first quarter rise at Spicer Manufacturing.
New York April 6 Actual condition of clearing house banks and trust companies shows reserves in excess of legal requirements totaling 488.18 million, up 20.77 million from the prior week. Deposits and loans figures include time deposits and demand deposits with notable increases and a small decrease in circulation.
Soprano Sonya Medvedief, harpist Philip Seyustd, and pianist Lee Croniean will perform Saturday night in the ballroom of the St Anthony Hotel under the Barnard Kl Nee chapter of the Daughters of the Confederacy. The previous concert drew a strong audience and featured a varied Russian and Italian program.
Chicago traders react to Fordney emergency tariff bill passage with renewed selling reluctance and expectations of limited wheat stocks. Canada’s surplus and British strikes influence demand while export activity fluctuates. Cash corn and oats follow trend as provisions rise on improved demand and favorable economy.
The item lists wholesale prices for fruits vegetables and staples including eggs lettuce and onions with per unit costs. It also reports turpentine rosin stock and arrivals ships and port notes across multiple named locations and dates.
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