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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 25, 1928
Page
7
The market shows weak demand with declines across grains and commodities. Wheat closes lower with corn and rye down, while selling pressure from cash and commissions plus weather factors dampen activity. Global exchange quotes show mixed movements in currencies and commodities, reflecting subdued trading and cautious buying.
Turkeys remained steady at 26 cents per pound in the San Antonio market with little weekend shipping. The poultry market stayed normal amid strong demand while geapetrult and Jorannea from the ria Granda valley were offered locally. Oranges sold at 2.73 per bushel, beans at .75 per bushel, and new potatoes at 42 per bushel as local markets remained well supplied.
A dense list of market prices for fruits, vegetables, and staples. Items include apples, cabbages, peppers, tomatoes, onions, potatoes, citrus, berries, nuts, and meats with prices per bushel, crate, pound, or dozen, reflecting a late 19th or early 20th century rural market. Distinct entities include Texas, Valencia, Gunkist, and New York style items, with inconsistent spellings and typographical errors.
Market reports from Fort Worth detail cattle receipts and prices with heavy fed and slaughter categories. Quotes show heavy fed cattle around 11.50 to 12.60 per cwt, feeder and common grades lower, slackers in demand, and overall market softness amid a light trading pace. A note on dairy and veal calf values appears, followed by a Thanksgiving market close and a brief local incident about a ladder collapse causing injury in Evanston.
San Antonio reports from the United States Bureau of Agricultural Economics on staple cotton premiums. Premiums are tied to grade and staple length with quotations tabulated for New York and New Orleans markets, noting futures closes and delivered basis. Quotes cover middling and various length categories, with deductions for certain shipments and regional adjustments, reflecting November 24 ceremony and market activity through December contracts.
U S Department of Agriculture data and San Antonio Chamber figures show cotton prices advancing for the week of November 17 to 23 with quotes near 4 to 5 cents higher than late October. Demand remains uneven for spot sales and premium grades, while futures in New York and New Orleans show minor gains.
The past week showed awakening in inherent strength as prices rose about five dollars per bale. The weekly ginnlng report, cited as evidence, suggested actual growth could be under the government’s 14,193,000 bale estimate, bolstering market confidence. Furnished by J. B. O’Meall & Co., Thrakere.
Market activity was sparse with little selling in cattle, hogs, and sheep. Prices fell for cattle with bids weak, hogs steady to firm, and sheep showing modest gains amid rising exports and a shift by large investors from stocks to cotton related opportunities.
The White House and State Department announced a new policy stating that foreign governments seeking American aid in fiscal reorganization must proceed without U.S. sanction or responsibility. It follows W. W. Cumberland's Nicaragua survey proposing an $80 million loan guaranteed by the United States. henceforth Nicaragua and others must negotiate with American bankers at their own risk.
Albany New York morning news worker disruption reported as printers in four city newspapers went on strike at 6 PM, halting operations for about 250 men and impacting the Albany press scene.
New York Nov 24. A speaker at the World Conference on Narcotic Faneation urged the federal government to broaden anti narcotic regulations beyond revenue focused laws. Cop Viehmont I Tehson criticized the current regime as insufficient and called for covering ground not yet included in existing acts.
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