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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Sep 03, 1936
Page
11
A Chicago Board of Trade survey of five private estimates put domestic corn production at 1,416,000,000 bushels, about 23,000,000 short of government figures and the smallest since the drought year. August propects fell despite rains, with average estimates 758,000,000 bushels below last month. Last year oats totaled 1,296,900,000 bushels.
Spectators observe a sustained market surge as bullish forces push industrial averages higher and trading volume spikes. Despite early gains, bears narrow margins later, with 4 1/2 million shares trading as investors await decisive moves to clear resistance and drive to new highs.
Chicago and New York market reports show firmer dairy and creamery prices with extra firsts and standards line steady or higher. Potatoes, onions, and other produce vary by region while long talk of cartage and storage futures appears in the market notes.
The 1935 national income totaled 32.595 billion dollars, per Commerce Department data. It shows the 1935 income was 23 percent above 1932 but only 47 percent of the 1929 level. About 82 percent of income paid out came from current income. withdrawals from capital and surplus accounted for roughly 18 percent, with later years seeing increased withdrawals from capital.
Quotations show varied gains and declines across fruits, vegetables, and dairy. Apples Fredericksburg $1.13 per bushel while California tomatoes fetch $3.25 a crate. beans, peppers, potatoes, and melons list with multiple unit prices reflecting regional supply shifts.
The market reports a cloudy foreign exchange session with New York rates around 9.0125 francs per dollar and separate movements in the franc, pound, and other currencies. Traders note varying bids and bids unseen since recent volatility, with several pairs showing uneven shifts amid global cues.
The report outlines currency rates and money market activity in New York and London on September 3. It notes demand and exchange rates for major currencies, London spot and futures prices, bank discount rates, and brief figures for precious metals and commodities. It mentions New York money market stability, commercial paper rates, and the New York reserve bank rediscount rate, with scattered quotes for international currencies and exchanges.
British orchestra leader Toddy Royce plans to wed blonde Peggy Rich in Horrison New York late today after a postponement aboard the Steiner Normandie. A separate Laredo report describes an attempted burglary ending with Patrolman Rufino Gonzalez firing at a suspect, who fled.
A Chicago dispatch reports on a plan for a peace conference proposed by President Roosevelt. It suggests including European powers that remained out of war, noting Denmark Norway Sweden Switzerland and Iceland as examples. The piece questions why not seek peace with those who know how to stay out of conflict.
Livestock prices level across the San Antonio market with calves and yearlings trading around 35.25 to 9.50 per cwt, hogs at 10.60 to 10.50 per cwt, and cattle steady with few top values. Receipts include 400 hogs and 440 calves, with buyers noting limited offerings and steady demand into the afternoon.
Grain trading in Chicaro and San Antonio shows higher prices amid bullish signals from Danubian wheat sales to Italy and improved export activity. Wheat futures gain with Sept and Dec contracts up, corn and oats up modestly, and barley steady. In San Antonio, prices for corn, oats, hay, and Johnson grass show varied gains and steady items, while Yukon Territory notes and distant Alaska glacier areas appear in the closing lines.
A new office practice class will start next Tuesday at San Antonio High School, announced by Mrs. Besa H Stratton chair of the commercial division. The class will meet from 6 30 to 7 20 PM on Tuesdays with notes and exercises on office machines.
The French frigate Remade, damaged off the Newfoundland coast, was abandoned by its entire crew after a wireless report. The American steamer Bremen relayed the news, confirming the sternship Cristales had also been left adrift with its crew missing.
A fragmented note mentions RKO Badins and Walking on Air with a tie slinger act and a Broadway hit Americas Sweetheart. The garbled entry cites Anner on the 31 Pagt page with unclear details about personalities and performances.
Rome reports an Italian worker killed in Bargetana amid religious changes found at his home. A press spokesman calls the act a "strophus" and says Italian naval forces in Spanish waters will likely be increased, noting one cruiser currently but expecting more warships to be dispatched.
September 3. Clyde Mays and B F Kathman defend against indictment for vote changes. Mays proclaims innocence while Kathman urges public patience. Indicted: Fidge Covey Jimmie Johnston Jack Dike manu. Bonds set at 254 dollars for Koulfman Covey Mays. Johnston Dismond remain in jail. Trial slated for September 28.
New Orleans reports steady cotton prices as openings hold near early highs amid bullish weather and favorable overseas demand. Market notes include light buying in Liverpool and Bombay selling against futures, with October and December quotes showing minor shifts while overall tone remains firm.
S A Mexican consul here abandoned his bid for the governorship of Sonora after a stay in Mexico. He learned the election was for an expired term and returned promptly, ending his campaign.
In Barcelona Catalonia's grim court martial aboard the prison ship Unughay sentenced 25 Paselst rebels. Three must die, one to life imprisonment, another to sin and ordered to an asylum. Upward trend in world atm construction noted in the second quarter per commerce.
Parched Texas regions saw renewed showers with drenching pockets yesterday and overnight. Plainview reported a 22 inch deluge providing relief after weeks of drought while Lubbock and other areas logged scattered and general rainfall across the state.
The market showed mixed signals as heavy industry stocks rose while production and earnings faced pressure. Analysts noted strength in autos and steel related shares with optimism on new car mix and rail equipment demand. Construction activity and housing completions were cited as supportive, though manufacturing earnings fell modestly in the prior month and some consolidation was anticipated.
Growers from La Iredo, Uvalde, Eagle Pass, the Pewr y Gafl area and the Winter Garden will meet at Dystay Oley at 2 p.m. to discuss possibilities of raising labaren In the Winter Garden. Experimental work at Winterhaven under E Mortenson, superintendent of the Texas experimental station, has shown encouraging results. Mortenson and WE Dickerson of Central Power and Light will speak at the meeting.
Deputy U S Marshal T Mack Wood handled duties solo after three deputies went missing. Sam James and W Riggs were away on vacation and substitution. C 3 Mu Neel transported a prisoner. Guy McNamara and Kathleen O'Brien were also out of town or on leave.
A postman announced that sun damage forced windshield replacements on armored mail trucks en route to Washington. The sun allegedly caused optical obstructions in glass, with seven windshields replaced last year. A new non inflammable enamel developed in Germany may allow low temperature coating.
Washington and states nationwide report varied gifts to the conscience fund aimed at repaying government wrongs. Contributions ranged from 25 cents to 193.23 dollars, including a 199.99 dollar note from Nebraska and 40 dollars in currency, with some donors citing personal moral reckonings tied to past actions.
Governor Richard W. Leche proposes uplifting reform school youths by adding standard gym and swimming facilities at Monroe reformatory. He favors military drills and milder attire, while awaiting decision on a military instructor. The gym and pool funds would come from the luxury sales tax proceeds.
Bank clearings in 22 leading U S cities totaled 85 843 210 000 for the week ended September 2, Donaud Bradstreet reported an increase of 7 1 percent from the previous year and the highest in eight weeks. A separate item reports Joan A Zatin, 31, farmer, dying near Haskell after ingesting poison following a night of drinking. His wife said he took a substance from a small bottle and convulsions followed, with death before aid arrived.
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