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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 02, 1935
Page
14
The market held firm then weakened as June gains faded amid tax fears and volatile oil and banking sectors. Traders cite limited volume, waning momentum, and looming holiday effects with utilities and rails uneven, while Roosevelt era policy and court confidence influence sentiment. notable moves include American Can and International Business, with scattered gains and losses shaping a cautious near-term outlook.
Chicago grain prices showed early weakness before the private crop report release. Wheat slipped after a higher intraday peak as traders weighed weather, rust, and rain impacts. Oats and corn moved modestly, with mixed signals from experts about future harvests and supply expectations.
Sales of household electric items rose, with 126,000 units sold in the Wort sine Lie year of 1029. Total retail value reached 3677,000 in 1834, the highest since 1981, as production limits kept prices high and the industry faced depression. The Wisnevehandistig field emerged as a new industry adapting to temporary market conditions.
Stock activity steadied after a tentative start with fractional advances in blue chip names like American Telephone and Pacific Gas. Call money eased to near 7-1/2 percent as traders weighed Washington policy, midyear earnings, and Bethlehem Steel bonds offering 44% notes.
New Orleans July 2 Better cables from Liverpool imparted a steady tone to cotton futures with near and distant months showing gains. Market activity remained limited with modest price moves as export policy debates influenced sentiment. Prices edged higher amid cautious trading and scattered reports from the Carolinas and Georgia.
In New York and Chicago markets, live poultry prices show steady movement while produce and potatoes see varied receipts. The dairy and produce sections note fluctuating freight costs and altering wholesale figures as traders monitor demand and weather effects.
Washington July 2 A speedy approval by the Senate Banking Committee of the administration banking bill follows a White House conference with Treasury and Reserve officials. Major provisions diverge from current law and House proposals, affecting reserve bank structure, open market operations, reserve requirements, and real estate lending limits.
San Antonio stock prices edged up slightly with many cattle and calves selling around 9.80 to 53.75 while hogs and sheep showed mixed demand. Receipts were heavy and bidders scarce. feeder cattle moved slowly. beef cows and bulls posted varied figures, with prices reflecting a generally steady to weak tone in a rain-affected market across multiple markets including Chicago and Kansas City.
Market activity showed the U S dollar firming against key currencies with the New York rate cited as a benchmark. Parity and closing figures varied across exchanges, while daily movements reflected broader global financial uncertainty and shifting demand for dollars.
The July market summary notes low trading activity with mixed results across sectors. U.S. shares advanced modestly while international stocks fluctuated, and commodities showed varied movements amid cautious investor sentiment.
Mayor C K Quin said the city tax rate will remain unchanged at 145 and will not fund wage hikes totaling about 350 090 annually for officials and employees. He and others defended current salaries amid protests by Travers League secretary M Ite, with city commissioners and department heads awaiting further action.
A noisy jumble of currency, metal, and commodity figures outlines London markets. Listings show pounds, dollars, francs, and other currencies with rates for silver, copper, and other metals, plus brief notes on foreign exchanges and local price movements. The text references cities like New York and Basel and mentions pay walls and Broadway in an apparent market-page ledger format.
William Ho Furlong director general of the North American Highway association leads Mexico City to San Antonio via the Pan American Way. Officials say the highway is not yet open to general traffic. The trip, aided by the Mexican government, aims to inspect the road and continues to the Texas city by week end.
Adams named chair of the DeMolay advisory board for the Albert chapter following the final election of Travis, with other appointees including C Ray Davis, Arsta Lang, John F Dunsmore, EB W Helings, George J Rentae, Otto F Divtert, Karl Birkemeyer and John K Burr.
Jy 2-1-Fran Grown, a 22 year old Texas A and M sophomore, has been told by physician Dr. RF Utley that he is immune to serious danger from black widow spider bites. Grown was bitten three times and treated after the first bite caused severe illness and excruciating pain. the second bite was less painful.
The school board, led by president R. S. Menetre, prepared for a Tuesday session to review a university funded survey on where a new high school is most needed. Several members were absent, forcing a postponement, while the board eyed a furnished room at 206 Biltay Street for future meetings.
Hamrah, captain Tillinshast, and crew from the Royal Cape Breton Yacht Club survived a northeast gale off Newfoundland while seven yachts raced from Keepgrl, R I to Bergen. Owner Mouett Ames, 45, was swept from the deck as his son Richard tried to reach him. The crew battled a damaged rig and shattered lines, losing time before return toward Looemre.
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