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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 31, 1935
Page
7
Washington dispatch predicts a lengthy session dominated by conflict over the new deal and AAA taxes. Worries mount about farmers’ contract taps, tariffs under MFN, and political maneuvering as Roosevelt faces a wary Congress and potential Supreme Court action on AAA.
Paris notes say the Bank of France reduced the discount rate from 6 to 5 percent and lowered the rate on advances on securities from 7 to 6 percent. The move follows Premier Pierre Yayal’s deputies’ triumphs and aims to end losses from long French aid deficits.
The federal government via the Federal Housing Authority and industry partners push a housing drive to boost single family dwellings amid a severe shortage. A chart shows 62 percent of cities facing shortages this year versus 7 percent in 1932, driven by reduced residential construction and high costs. Prefabricated houses are being explored as an alternative financing and construction path.
Chicago grain trends show wheat prices climbing on renewed Liverpool buy interest and firmer Australian and European offers. Winnipeg export sales reach about 2.5 million bushels. U.S. futures ease slightly as Liverpool gains temper. Kansas City market reports mixed Monday while Rio and Argentina wheat sentiment remains buoyant.
November earnings rose sharply with total revenue posting 864 percent higher than the same month last year, reaching 5,279,749 dollars. Gross income tax for the period jumped from 252,169 to 264,711,999 dollars, indicating a strong upward trend despite unclear accompanying notes.
Market notes indicate a tepid day with limited movement. Prices for key currencies slipped while the dollar firmed, and the New York rate hovered near 66.15 cents to the pound as investors weighed rates and domestic signals.
In New Orleans markets the cotton trade remained narrow with light buying and distant selling. Liverpool futures showed small gains at times while New Orleans prices hovered near opening levels as traders awaited the Supreme Court farm program decision and noted colder weather aiding fiber conditions. Futures closed steady with January and March around 6.20 to 6.91 cents, while spot prices ranged modestly against varied middling grades.
A jumble of Wall Street brief items covers wholesale motor vehicle output in the United States and Canada, railway and fuel operations, and stock market fractions. Figures reference a 1995 era estimate of $2.995 billion for auto production value and other assorted industrial activity, with miscellaneous notes on deposits and corporate plans.
An AP report lists scattered college basketball outcomes with players such as Collins Baxter Verans and Lewis contributing. The text also notes various matchups including De Paul versus Minnesota and West Virginia versus Fersties State, with incomplete details and fragmented team names.
Trading on the tickers showed a cautious tone with modest gains for several leaders while Bank of Fiat and government securities edged higher. Early session momentum faded as declines appeared in certain sectors. international news boosted Wall Street steadiness as early advances tapered and closes remained near session peaks.
Senator Courially reports from the Orient after visiting the Philippines delegation. He notes Japan’s rapid rise as an industrial power, driven by low costs and skilled labor, and discusses Philippine resources, Commonwealth status, and future independence amid Pacific power dynamics.
Jones, Houston financier and head of a reconstruction group, said America is in a low mood but can recover through private building and lower interest rates. He spoke as he arrived at his Alamo private rail circle for tomorrow's Stanford-Southern Methodist Rose Bowl gate in Los Angeles. He urged commodity loans to aid agriculture and stressed railroad reorganization while offering help to distressed real estate to avoid government loss. He was accompanied by Mrs. Jones and granddaughter Autrey Louise Jones.
Theft of a washing machine from the Maylag Shop at 210 Main Avenue was reported on Tuesday. The notice also mentions Rauber at 2801 West Martin Street and Cook's Servet alstlan at 91h Hedgon Street, with a small amount of money involved in the incident.
London bar gold and London metals pricing show firmer bids and mixed futures with copper and tin steady or higher. Coffee trading in New York remains steady with inventories and forward contracts cited. foreign exchange rates feature several major currencies against the dollar.
A sprawling boxing results list features fighters from Detroit to New York, with Walter Maltinus, Sammy Vere, Johnny Paul, and Johnny Dean among those scoring decisive wins. The chaos of OCR yields scattered scores and mixed locations, highlighting a busy night of bouts across multiple cities.
Peril grows when drivers feel in control as brakes fail and horns misfire. The essay argues that accidents rise in more dangerous conditions and even on seemingly safe four lane roads, with statistics showing more seriousness when confidence is high.
The fragment warns about reckless driving and false security on roadways. It notes a high annual death toll around 36 000 and injuries near 57 000, illustrating the danger even on apparently safe roads.
Tuesday's cattle sales at San Antonio and Fort Worth show fully steady to active markets with strong demand for grass calves and light yearlings. Cattle receipts around 3000 at Fort Worth and 2000 at San Antonio kept prices steady, with top steer levels near 7.50 to 9.05 for various weights and classes, while hogs and sheep offered mixed to steady results across markets.
The report lists live poultry prices in Chicago with grades and weights, plus dairy receipts and butter prices. It notes steady receipts, mixed grain and egg prices, and ongoing market activity in New York with egg and cream prices fluctuating slightly, along with dressed poultry values.
Readable fragments indicate active wool trading in Boston with rising demand and prices. Notes mention fine and tertiary products, French processes, and improved finishing quality driving a stronger market for high grade wool.
Market notes list assorted fruits vegetables and staples with prices per bushel crate or dozen. Items include potatoes onions tomatoes apples peaches bananas and greens with varied prices and quantities across vendors and markets.
New York December 31 market quiet with mixed activity as oils and metals underwhelm while others like Boeing and United Aircraft provide slight boosts. Industry figures show 1835 year production and wholesale value rising, with strong mentions of automobile output and November US white metal production amid holiday effects.
The report lists weekly carloads for major lines including Missouri Pacific and Wabash. Data compares shipments for the week ended December 38 with values from the prior year, showing fluctuations in tonnage and car counts across carriers.
Fragmented market notes show sporadic activity in July and March prices across cattle hogs and sheep. Cattle scarce with calves around 4.75 to 7.00 per hundredweight. hogs steady to lower with cuts near 8.25. sheep receipts weak, prices mixed as buyers seek value amid uncertain demand. Local listings hint at regional prices in New York and Klang City markets.
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