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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 23, 1921
Page
11
Wall Street reports a sharp recession in foreign exchange and irregular stock activity as the German reparations payment framework drives volatility. Sterling slides over 4 cents, while U S. and continental markets react to the German payment in dollars and the shifting currency demand.
New York May 23 curb market shows lack of interest with early gains fading. Skelly Oil steady while Jensland Lik aGsin and Carib Syndicate ease. Simms Petroleum edges up on light trades. Glen Alden Coal leads gains in miscellaneous. National Tin active then rallies as insiders buy. Bonds show gentle rise. Allied Packers dips then recovers. Today's card lists top stock prices.
Chicago May 23 heavy runs across all livestock branches and lower values from opening. Cattle and hog markets opened down with no chance to boost prices. last week saw lows since 1914 for cattle and below values a year ago for hogs. Receipts today estimated at 23,000 cattle 43,000 hogs 22,000 sheep and 2000 calves. Cattle sold mostly 25 40 off, hogs 10 15c lower, lambs 25 50e lower, butchers and calves weak with kilters under $5 counties.
New York bond trading was irregular and light with no clear trend. Railways steadied, Chesapeake & Ohio dividend postponement affected equities, and Baltimore & Ohio converts recovered. High grade mortgages and foreign issues showed minor shifts as oil shares dragged sentiment and new Wrench 71-24 began trading near 4.
New York and Kansas City market notes show cattle receipts around 4 500 and 16 400 head with slow demand, mixed prices, and steady to weak calves and lambs. Prices for steers, cows, yearlings, and hogs fluctuate across regions as buyers adjust bids amid diverse livestock and bond market commentary.
Readable segments show chaotic market shifts across Chicago and Kansas City exchanges. Investors weigh inflation signals while longtime investors adjust portfolios amid thin liquidity and scattered trading spikes.
New York May 23 Cotton traders found no fresh sentiment from today’s news as May contracts closed lower amid 4000 bale notices and large outstanding interest. Rainy, favorable weather in the belt supported buyers. prices eased to around 12.02 cents, with later trading steady and limited by improving crop prospects and weak Liverpool cues.
The market saw heavy selling in Texas Company and other oil stocks as bear traders and weak technicals since a new stock issue dominated trading. Declines in crude prices nationwide sparked concerns over write-offs, while Baldwin Locomotive faced rumors of dividend cuts and financing needs amid a stagnating trade.
Chicago May 28 The wheat market opened with a strong surge as July futures hit the highest level since resumption of trading, May contracts firm at 170 and cash premiums steady. Bulls pointed to Kansas crop prospects near 160 million bushels with favorable weather ahead. hedging and profit taking trimmed gains later. Oats and corn followed the wheat strength though demand for cash corn was slow, and hog prices supported some buying. Weather remained favorable for crops with moisture shortfalls noted in spots.
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