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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 06, 1929
Page
28
The market showed heavy trading with many issues slipping while others rose for a middle session. Declines included numerous blue chips in a cautious mood as investors watched calls for higher rates and possible English bond actions, with several large rails and industrials rebounding late in the day.
The July report from the Bureau of Agricultural Economics notes a slight stock drop in Southwest Texas poultry and a reduced headcount compared to 1825 figures. It cites strong demand with production above normal and forecasts continued healthy consumption amid modest declines in bird numbers and higher poultry prices.
Graf's round the world voyage is projected to net about $500,000 in earnings. The event, slated for August in LAREIURST NM, aims to conclude the Zeppello venture with estimated revenue around $102,000 from sales and operations.
New York August 6 High call money rates persist after market stringency as banks hold back lending amid heavy indebtedness to the Federal Reserve. Rate likely to ease by week end. fed demand for government securities and bills aids credit. Regional business notes include Hayes Drilling diversifying with planes, Apex Electrical acquiring Johnson Washer, Stewart-Warner planning a Belleville plant for radios, Youngstown Sheet & Tube to seek capital increase and stock dividend, July Melville Shoe sales up 12.78 percent, ten month total $14,487,720 year over year.
The cotton market opened steady in New Orleans with initial advances of 8 to 5 points driven by favorable Liverpool cables. Prices rose through the first trades, then paused as late reporting and liquidation weighed, with October around 18.78 and December near 10.1 to 3 points above yesterday's close, before quieting near the session's lows as large New York holdings were liquidated.
In Wichita Falls Texas on August 9 George Pasne of the Sridder pitching circle earned praise as the toughest moundster in the Texas lineup, citing a ten week record that surpasses last season’s Penny Burn at Fort Worth. Furnes with the Fapirtern recalled a string of straight Panther games.
Active buying of wheat futures supported by strong purchases across the southwest. Reports of large flour shipments southward and prices firmed with Chicago and Kansas City deliveries rising. corn and oats also gained while lemons and produce held up amid a broad price lift in the market.
A noisy crowd of about 200 football coaches from universities and colleges gathers in Branaston, Illinois, for Northwestern University’s annual summer coaching school. Notables include Jess Dawes, former Warthwith coach, and Charles Buchman from Florida. James Mivikin of Decatur, Illinois plans four night games this season. Plans to move to Fort Worth after the event and train in coaching and equipment work are noted, with broader talk of autumn plans and local preparations.
Fragmentary OCR text lists scattered names and places, notably reference to New York and Philadelphia. The passage lacks coherent events or dates, preventing a clear news item. Entities detected include New York and Philadelphia and several unclear personal names.
San Antonio Livestock Tuesday opened heavy with brisk trade in best quality cattle. heavy end common slow and unclassified prices. California calves to 300, steers and heifers around 100 to 120, hogs to about 8 dollars, lambs and sheep moderate demand with varied quotes across grades. Chicago and Cincinnati markets show lighter trade with steady to lower prices on calves and feeder cattle.
The Fort Worth market page notes cattle and calves with prices, including loads and bids, while traders in Pennsylvania and other regions report demand and trading activity. Prices for packing sown, calves, and feed costs are listed amid mixed futures and commodity updates.
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