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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 25, 1922
Page
4
Market gains limited to a handful of issues as New York trading wavered. Chairman of United States Steel Corp spoke on independents pricing, but overall activity was subdued with few notable shifts beyond bonds rallying in foreign markets and regular industrials turnover.
Foreign external loans posted new high marks as Swiss, Argentine, and British issues led gains. United States liberty bonds trimmed losses while New York city frictions created uneven moves. Alberta and Manitoba maturities showed mixed activity amid broad gains in international debt and domestic issues.
New York bond data show varied prices on the exchange with mixed gains and losses across issues. Investors scanned figures, yields, and notable names including Franklin, Harcourt, and Edison while noting activity in municipal and corporate securities.
A chaotic trading session in New York shows cotton futures closing modestly lower after early gains. Market mood remained cautious amid mixed signals on demand and production, with apparent buying near open but selling pressure prevailing by day’s end.
Market reports from Fort Worth and surrounding markets detail cattle hogs and sheep receipts, with prices holding steady to higher for hogs and steady to firm for cattle. Buyers traded 300 head of cattle, 100 calves and 600 hogs as places listed strong bids, while hogs topped around 8.5 to 9.0 dollars with steady to higher packer interest.
The week saw wheat corn and oats move lower while lard and ribs rose amid mixed trading. Cash wheat demand softened with 190000 bushels sold. corn and oats weakened. hogs and pork products posted gains as markets overall edged higher in places.
The Chicago cattle trade showed higher activity with strong bids and steady prices. Traders reported a dull start but buyers moved in as the week progressed, lifting hogs and cattle to favorable levels despite mixed demand across yards.
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