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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 02, 1921
Page
6
Markets rose on optimistic German reparation developments with gains in sterling and continental exchanges. The buying spree in New York shares continued on confidence of returning prosperity, despite unsettled political paths and pending March settlements amid shifting bank reserves and higher near term rates.
New York stocks showed broad activity with gains in several issues including Standard Oil group and Midwest Refining, while profit taking trimmed some intraday advances. Strong interest in oils like Sins Petroleum and Acme Coal supported a generally firm tone, though mining issues showed irregular trading and Nipissing remained light on supply.
New York May 7 The cotton market showed no change amid continued deadlock and light demand. Optimism from the Atlantic conference spurred some sentiment, with talks of easing credit and improved exports. Futures held near midweek levels, while reports from Liverpool and U S weather and labor concerns tempered gains.
The bond market showed strength across government issues with gains in several classes, led by copper and Anglo American stocks. Traders noted heavy activity and a high end of year levels, despite some mixed performances in rail and Burlington collateral, as New York prices fluctuated and certain issues hit new intraday highs.
Wheat climbed as buying surged while offerings remained small. May contracts saw few deliveries, prompting shorts to cover amid a firmer cash market. Prices for related grains and oats edged higher, with weather and supply expectations shaping the session.
The memorandum details erratic trading in Chicago markets with references to grain prices, beef and pork futures, and shifts in stock figures. It notes commodity activity in Kansas City, grain futures movements, and broader market sentiment, including demand signals and price ranges.
Commission rates posted for cattle and sheep car lots at Fort Worth Stock Yards. Cattle single deck cars priced at 18 dollars per car with 12.00 per car. Sheep at 12 dollars per car and double deck cars at 18 dollars per car. GEO A BARLE oversees the commission, business established in 1871.
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