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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 18, 1922
Page
9
New York and London markets show renewed strength with stocks and bonds rising. Locomotive shares Baldwin American Locomotive hit fresh highs. Rock Island and Columbia utilities advance. Short-covering fuels gains while few broad purchases push prices higher. market closes strong with Rock Island leading.
New York reports a reactionary mood in two hours of bond trading amid a strong remainder. U.S. government issues declined after a steady rise, while corporate issues advanced. Sterling reached a new high of 1022 and 1920 as foreign loans remained firm. Missouri to issue 35 million dollars in five percent soldier bonus bonds by April 1, with gas bonds offered in a separate sale. Clearing banks show a weekly deficit of about 2.2 million, with various reserve and deposit totals noted. The update covers rates, currencies, and banking summaries across multiple markets and concludes with a bankers meeting in Austin selecting new officers.
New York. February 18. A steadier curb market with small scale dealings. Wirby Petroleum moderate in supply but rallying. Kirby interests drill five wells in Mexia field two in Blue Ridge and two in Barbers Hill. Cities Service issues firm Mexico Oil active with slight recession. Standard Oil of Indiana International Petroleum Skelly and Siam quiet. Adeloids off fractionally tobacco stocks little changed with no pressure. Philip Morris quiet Lincoln Motors soft with other motor shares unchanged.
Police raided a dice and poker game in two locations Friday night. Fifteen men were arrested on gaming charges and two more on loitering. Cases postponed to next week for trial before Police Judge Rochester. Detectives Green Harris Kiklay Lyons led the first raid at ZTo clock near North Wales and Bonnam streets. A second raid on Soledad Street found a poker game, with Musgey Jtubingon and Smith as investigators.
The San Antonio Chapter of the American Association of Engineers urged appointing an experienced inspector to reorganize and perform duties at the regular monthly meeting. Rapid growth and many public buildings under construction justify a thorough inspection of plumbing and construction for safety. The Knickerbocker Theater collapse in Washington was cited as proof of need for trained engineers.
Headquarters of the 103d division and other units allocated to organized reserves in Colorado New Mexico and Arizona received 26 assignments and attachments of reserve officers Friday at Eighth Corps HQ. Names include Albert Shirrar Letevear Bloom Glezen Roach and others. details cover infantry artillery engineers and signals units with transfers to 24th infantry 38th field artillery and 28th engineers among others. Austin Texas February 18 chartered mercantile companies and amendments filed include McAdoo Mercantile and Southwaste Presbyterian Home and School for Orphans.
New York cotton futures rise sharply as week end buying picks up strength. Prices climb 40 to 43 points with active trading pushing May and October contracts to multiweek highs amid heavy Wall Street sale-off and talk of large crop needs.
Chicago reports a large weekly live stock supply yet higher overall prices across grades. Demand strong for stockers and feeders, lambs and fat cattle up modestly, calves and hogs mixed with some highs. Week’s receipts show cattle, hogs, sheep and calves, with packers absorbing much of the cattle.
New York February 18 reports a firm dry goods tone with trading concentrated on odd lots over the weekend. Raw cotton pieces show firmer trend while prices stay near recent quotations. Narrow print cloths remain scarce but in fair demand. The raw silk market is weak and stagnant. Poultry in Chicago shows alive and unchanged conditions.
Wheat futures rose in the final 30 minutes of trade, aided by overnight short covering and a Liverpool rally, with Buenos Aires showing a modest 3 cent gain unofficially. The Argentine crop outlook remained tight, export sales near 900,000 bushels, and shipping demand improving as oats weakened amid steady corn. Provisions paused and pork and ribs edged off or were near unchanged as traders took profits.
Kansas City and New York reports show varied farm prices with oats and alfalfa leading activity. Dairy and poultry remain largely unchanged while potatoes, corn, and wheat futures reflect steady to dull movements amid mixed regional listings and auction notes.
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