San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-21
Wheat Growers Decide tc
Sell Off Part of
Crop.
METALS VERY ACTIVE
Wool and Cotton Continue
to Rise and Outlook
Good.
BY J. C. ROYLE.

Copyright, 1928, by The San Antonio LigiIi.
New NOrs, Jan. 20.-The European
crisis exercised one stabilizing influ-
ence on American commodities and
trade. Farmers have finally deter
mined that in view of the situation in
Central Europe, high prices for wheat
are not in immediate prospect. Conse-
quently, they are realizing some of the
1922 production which was lowered like
dark cloud over the business section
in portions of the wheat belts.
The attitude of the growers is typi-
fled by the determination of the Kan
sas Wheat Growers Association, ex-
pressed today to sell a certain amount
of the grain pooled by members each
month. 1t is planned to close out the
wheat remaining in the pool amounting
to between 100000 and 4,OO0,0OU
bushels in tmie to make final settlement
with members before the next crop ma
lures.
No Effect Felt.
Similar determination is manifest in
the Northwest, according TO adyices by
wire from st. Paul and in the Pacific
Northwest where growers are taking
advantage of the Orient demand for
both wheat and flour, although the bids
mostly at So barrel Shanghai or an
equivalent of $500 fob. Portland for
flour, leaves small margin of profit
to either growers or millers.
The FranCO-German situation on the
other hand, has produced an insignifI-
cant effect on the copper, lead and
zinc situation. Copper is firm and
high in spite of the possible curtail-
mCnt of German purchases. The fl
nancing of the Anaconda Copper Com
pany following acquisition of the hold
ingS of Chile Copper were phenOmi-'
nally successful. The lead and zinc
mines of the country are being pushed
toward capacity production with an
energy not equalled except in the cru
cial days of the World War.
Produce More Metals.
This is directly attributable to the
development of new commercial uses
for on-ferrous metals. Metal rcUfings
and sidingS have taken a tremendous
squirt. Zinc as well as copper has
been utilized in these ways. Electrical
equipment manufacturers are swamped
with orders, the sales running nearly
90 per cent above average periods OF
1922.
Going up" is the reading of every
trade barometer of the textile industry.
1t is almost certainty that the new
prices of the American WOODEN Com
pany to be announced Monday will
show increases of from 10 TO 20 per
cent, Cotton cloths have advanced pre-
ceptibly this week and in firm demand.
Manufactured silks are in sprightly re-
quest.
The prices of raw wool have reached
point where fine and fine medium ter
ritory is sought at from S1.S5 to Sl.45
pound clean basis. Cotton is rising
nearer and nearer TO the 30-cent level
which has been predicted for it in these
columns. Raw silk, imported in guam
titles heretofore uneQualled is main
tanning its high levels without effort
and according to the heeneSt observers
in. the silk trade today is likely to do
so for weeks to come. No signs OF
weakness has made i:s appearance eth
er here or in Yokohama.
More Rail Orders.
Sugar has sOftened slightly, but the
basic position of this commodity is I'M
changed and this recession was also
forecast by the writer as an accom-
paniment of the cutting of the Cuban
crop.
In the beet sugar field the Michi-
gan growers are experiencing a dis
appointment. Indications now are
that beet growers in that section will
obtain settlement on a basis Of not to
exceed SO a ton for their product. This,
they declare, is an insufficient return.
The growers of the West are in far
better positions.
Tremendous railroad car and equip
ment orders have been placed within
the last week and financing already
under way indicates an increase rather
than decrease on the books of the equip
ment companies.