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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 22, 1937
Page
8
Extremely dull week in New York market with indices down from weekend levels. Bonds weak, only 44 stocks moved while 40% declined. fears rise over labor unrest and political hostility impacting profits and investor confidence.
The steel industry operated at 76.2 percent capacity in the second week of June, a sharp drop from near full capacity earlier. Independent mills blamed current strikes for the decline, noting three plants shut production while year comparison shows a still higher utilization than 1936 but below peak levels.
The report covers spring crop prospects in North Dakota and Manitoba, with Chicago wheat trading between 2M and 9 00,000 acres, plus Canadian wheat conditions. It lists grain and hay prices in San Antonio and Chicago markets, including corn, oats, beans, and soy prices, and notes weather effects and price shifts across regions.
New Orleans June 22 reports show opening cotton activity limited to a single decorative lot with prices largely steady due to cautious outlooks. Weather conditions and European news weigh on sentiment as market participants await official weather data and European developments. in New York, cotton quotes open steady with July and September futures aligned near prior levels amid light trading and mixed domestic signals.
A fragmented AP wire item notes British refiners showing more interest in spot sugar and coffee as July No. 4 futures edge higher. Market chatter cites advances in the prompt market with prices near elevated levels, while ambiguous figures suggest light trading and mixed coverage across contracts.
The stock market opens with mild gains led by steel and transport sectors. Names like Republic Reel, Motors, and New York Central surface in early index moves amid cautious investor sentiment and tentative gains across several large values.
City recreation department announces new dance courses for women and men blending modern gym and ballroom styles. The schedule lists Tuesday and Thursday sessions with instructors and locations in Savannah and surrounding areas.
Philip Moses, a Bronx taxi driver, testified for the defense in Hauptmann’s Lindbergh baby trial, accusing Paul Wendel of involvement. Moses rushed the witness stand, shouting that Wendel is the man, prompting the judge to order removal of the witness from the room.
An astronomer from Medine reports a miscalculation caused a four and one half second timing error in a total solar eclipse observed today. Isobel Af Lewis notes the slip and attributes part of the issue to earlier observational errors, preserving the overall contact timing between sun and moon.
Charles A. Horton, president of Hope Webbing Co, declares patience with C. I. O. exhausted and agrees to no further conferences to reopen the strike-closed plant. In Washington, President Roosevelt was reportedly confined to the White House residence due to a cold and stayed away from his office yesterday.
A Victory Dinner honoring Mayor G K Quin and supporters was held with about 200 city employees and precinct workers in attendance. Speakers praised the administration, urged continued cooperation with business leaders, and stressed vigilance in upcoming county and school elections. Quin urged future contenders to pledge not to send armed forces into any locality without a petition from local employees.
AP dispatch reports U S poultry and produce prices with mixed movement. New York and Chicago show varied receipts and bagged items, including chicken, turkey, and eggs, with some markets noting steady or unchanged quotes while others show minor shifts in weights and pack types.
Seattle sheriffs deputies announced the formation of a union within the American Federation of State, County and Municipal Employees. Ray Macomber was elected president as other officers were named. Deputies stated they would not strike while bound by oaths, maintaining duties and badge integrity.
Ralph Marvel of Lie foods division announces licenses due July 1 for street peddlers. Officials told 25 trend re...
Receipts continued heavy at the San Antonio market with calves in strong demand. Prices showed broad movement across cattle, calves, and hogs, with calves fetching around 7.00 to 7.80 and several steer loads up to 9.15, while medium and plain calves and yearlings varied. Oklahoma and other regional markets reported similar mixed trends and higher packer quotes for some weight classes.
In Boston trading, wool markets show little movement as buyers hold back. Dealers report subdued activity with prices hovering near steady levels while producers adjust expectations to current demand conditions.
Washington June 22. Senator Vandenberg proposed a state controlled relief plan replacing the $1.59 billion federal relief bill. He called for a $4.25 billion federal appropriation to states and a $100 million federal relief board to replace WPA, as Senate debate over relief costs raged.
London markets report mixed metals values with copper, tin, lead and zinc showing small moves. Silver and gold futures open steady while foreign exchange quotes drift with minor shifts across major currencies.
A long obituary notice lists several individuals including Mrs Apolonia Rivas and Mrs Tretia Carver among others, detailing wake and church services, officiants, and interment at local cemeteries. Survivors span multiple states with extended family names and addresses. additional obituaries note more residents with service times and locations.
City commissioners continued an indefinite gate Tuesday on J T Lawler’s permit request to erect a filling station on San Pedro near Magnolia. Attorney Prelifer said residents torn cows and $8000 structure, claiming city assurances to build were made. Fire Commissioner Wright denied such assurance. Judge Brooks represented about 75 property owners opposing the station, saying it would reduce values and worsen traffic. The commission adjourned without a decision.
The Paris unit Htalea dollay quoted 424 francs equal 4458 centimes in final tax exchange actions today, while the yen closed around 440 cents in New York trading.
Nine persons were treated at the Robert B Green Hospital Tuesday after traffic accidents Monday night Placed among the injured were Betty Faye Posey 5 struck by a motorcycle in front of her home Allen Aschuchey 16 rider of the motorcycle George Lee 19 driver of a Norton motorcycle Henry Gonzales 17 received facial wounds Herman Canada hit by a car at South Laredo and Durango Streets Tom Herrera 29 driver of the auto involved Marcaria Liva 10 treated for minor cuts Four others were injured when a Public Service bus and a truck collided at Cotierce and Walters Streets including W H Curtis Weary Beckwith R Read and B C Wells. Mrs Berh Blair 31 East Mulberry Street injured her left foot in an auto accident at Mistletoe and Main avenues and was treated at home.
The health department delayed food license deadlines due to unsettled recommendations. Licenses were due May 2 but postponed indefinitely with about 39 percent of roughly 4007 city food and drink venues approved. Further delays hinge on sanitary inspections and a new dish washing ordinance.
Mayor C K Quin said Tuesday action on four petitions for new recreation centers is delayed while Investigating current facilities proceeds. City recreation chief Marty Wilson Young declared San Antonio operates ten municipally owned centers, more than similar cities. petitions from all sections seek to boost the number to curb juvenile delinquency.
Ex service men plan a 4th Wednesday meeting of the Ex-Service Men's leagues to discuss pending legislation afffecting World War I veterans compensation and widows' allowances. The session will be at 4 pm in the Justice of the Peace Bat Cormigay courtroom. all interested veterans urged to attend.
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