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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 16, 1928
Page
21
Cotton markets remained steady over the week with narrow trading and cautious demand. Reports from New England and Southern mill centers show quiet pre holiday activity with prices holding and modest antidotal gains in some lengths, while foreign demand softened but forward delivery prospects persisted.
Market News Service reports staple cotton premiums across regions including North Carolina and Mississippi Delta growth areas. It cites prices, delivery terms, and quality grades with quotations closing December 14 1928 and notes further adjustments by district and grade.
Market notes report a brisk but exhausting week at the San Antonio produce market with heavy duties draining supply. Prices span vegetables and fruits including lettuce peppers and onions with mixed wholesale quotes and commissions. Christmas tree demand and naval rates also touch trading activity.
The Week presented numerous interesting movements in cotton trading after the post Thanksgiving decline of about 100 points. Market action showed selling pressure with brief rallies, and December futures fluctuated as traders assessed supply, demand, and seasonal factors. The oversold conditions and speculative activity supported a cautious tone, with overall prices easing and weekly totals around the 14.973 million bale mark during the period.
New York cotton prices fell in late trading as futures dropped from 20.26 to 20.98 amid thin volume and concerns over government reports. Analysts note a potential year end surplus, with exports and domestic demand lagging the previous season, while buyers await holiday liquidation.
Texas market report shows spinach movement nearly doubling on Friday with mixed prices for potatoes onions and cabbage. Reports from Fort Worth and San Antonio note dull cabbage and strong Virginia and Chicago shipments, with cooler prices on some Texas stock and ongoing storage.
Market notes show cattle prices easing with overall weaker demand. Feeder and fat cattle moved slowly as buyers offered lower bids while strong cows and steers remained in limited supply.
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