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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 09, 1916
Page
37
U S Department of Agriculture Weather Bureau reports include daily high and low temperatures, normal values, and monthly deficits or excesses. It notes precipitation totals over 24 hours ending 7 p m and compares with normals, detailing accumulated deficits since January 1.
Market points report firmer cotton prices as Texas spots hold steady amid overall week gains. Prices edge higher on several upland grades with demand steady and traders watching futures.
Cotton prices edged higher in speculative markets this week as Galveston reported 25 steamers booked for April and May shipments and San Antonio paid 11 65 cents for middling. Traders eyed drought relief and May notice day, while spot demand remained limited and near‑term prices fluctuated in New Orleans and Newark.
Spot cotton in Liverpool softens as demand shows resilience with fattening good bids. Sales reach 8000 bales for speculation and export while receipts total 4000 bales and futures remain quiet across the forward curve with listed spreads from April to March.
Buyers paid prices for Texas country produce delivered in San Antonio on Saturday. Butter firms at 31 to 33 cents per pound, creamery 31 to 33, packing stock 20 to 22, poultry steady with hens 4 dollars per dozen and friers 5.50 to 6.50, broilers 4 to 4.50, turkeys 19 to 20 cents per pound, ducks 5.50 to 6 per dozen, geese 7 to 10 per dozen.
Kansas City market summary lists butter quotes with creamery 36c first quality 33c second 31c packing 24c and eggs at 15c for Hens, 2c for turkeys, and 6c for springs.
Savannah market reports show Anril and Turpentine steady with 49 sales, 63 receipts, 287 ship ments and 6743 stock. Resin firm with 0 sales, 351 receipts and 1091 orm totals. Various grades cited with prices ranging from 4.80 to 5.60 per unit.
Raw sugar held steady as centrifugal at 5.96. Molasses priced at 5.19 with refined items firm including cut loaf 8.15 crusheu 8.00 mould 7.50 cubes 7.50 and several powdered or granulated varieties around 7.00 to 7.15.
The report shows futures for coffee with May at $8.28 and December at $8.59, indicating firm market activity on the trading board. No additional context or entities are provided.
Government estimates for Texas onions in 1916 show 10 057 acres planted, up from 8943 in 1915, with 55 percent crop condition as of April 1 and an expected yield near 192.5 bushels per acre totaling about 1 985 972 bushels. The report notes drought and thrip damage, differing county conditions, and marketing bureau aid to growers.
American exports for February totaled 409 836 525 the highest on record. Imports also reached a February high of 193 935 117 with two thirds duty free. The February trade surplus stood at 215 901 498 while eight month excess reached 1 295 217 462. Gold movements showed a net inward flow of 280 312 817 for the current fiscal year through February.
In Fort Worth Texas on April cattle receipts were 300 with markets steady. Steers priced 6.50 to 5.50, stockers 6.00 to 7.50, cows and heifers 4.00 to 8.50, calves 4.00 to 8.50. Hogs receipts 1500, range 9.25 to 9.55, heavy 9.50 to 9.65, mix 9.40, light 9.25 to 9.50, pigs 4.50 to 7.00. Sheep no receipts, lambs 8.50 to 9.76, yearlings 7.50 to 8.75, wethers 7.50 to 8.00, ewes 7.00 to 7.75.
Hogs receipts 2500 and steady. Prices for pigs and lights 7.25 to 9.80, mixed and butchers 9.60 to 9.85, good heavy 9.80 to 9.85. Cattle receipts 100. native beef steers 7.50 to 9.75, yearling steers and heifers 8.60 to 9.50, cows 5.50 to 6.00, stockers 5.59 to 8.50, Texas and Indian steers 5.25 to 8.15, cows and heifers 4.00 to 6.00, native calves 6.00 to 7.95. Sheep receipts none. yearling wethers 9.00 to 10.40, lambs 9.00 to 11.40, ewes 6.50 to 8.59.
Cattle receipts 190 steady with prime fed steers 9.25 to 9.65, dressed beef 2.00 to 9.20, southern steers 7.00 to 9.90, cows 5.00 to 8.00, heifers 7.00 to 9.75, stockers 6.75 to 8.75. Hogs receipts 500 steady to strong with bulk 9.30 to 9.50, heavies 9.45 to 9.55, lights 9.25 to 9.65, sows 8.25 to 9.00. Sheep receipts none. lambs 10.80 to 11.40, yearlings 9.50 to 10.25, wethers 8.50 to 9.25, ewes 7.76 to 8.60.
Chicago April 8 Hog receipts 11 000 steady with price ranges from 9.30 to 9.80 for various weights. bulk 9.65. Cattle receipts 200 steady with native beef steers 7.70 to 8.70, stockers 6.10 to 8.75, cows 4.20 to 9.10, calves 5.00 to 9.00. Sheep receipts 1000 steady with eweble 8.25 to 9.25 and lambs 8.75 to 11.40.
Wholesale prices to trade for a wide range of fresh produce. Potatoes from Texas and Colorado. onions from California. tomatoes from Florida. celery Texas and Florida. cabbage from Texas. peppers, beets, beans, squash from multiple states. sweet potatoes from Louisiana and East Texas. okra, carrots, turnips, chil peppers, lettuce from California and Texas. olives, cranberries, pears, apples, bananas, oranges, lemons, limes, grapes, raisins, dried fruits, figs, and canned goods listed with per unit and per weight pricing. Includes coffee and sugar wholesale rates.
A Texas Industrial Congress crop review says widespread rains and snows in the northwest two thirds of the state revive delayed farming. Drought lingered after a damaging freeze to winter wheat and oats, but replanting and new plantings of oats corn and other crops are underway. Fruit and peanut acreage rise while gardens shrink. regional notes cover Northwest North East Central Southwest and El Paso areas with mixed conditions and hopes for a near normal corn and cotton output.
Wholesale prices to trades include coffee roasts Arbuckle Ariosa Peaberry Maxwell roasted and other beans sold by the pound or hundredweight. Corn oats and sorghum listed with car lots and job lots pricing, Texas points, and canning meats and fish prices. Flour bran meal seeds sowing crops and seed potatoes with per hundredweight and per sack figures.
New York stocks show optimism with a strong general market despite irregular week. Metals rise while political developments in Britain Germany and Washington Berlin influence trading. French exchange weakens as remittances falter and a new rail price rise signposts inflationary pressures. Canadian bonds solid and Newark City to issue 55 million in corporate bonds at 4 percent.
April cash reserves in New York banks declined by 24,775,110 in the six days ending today, leaving member banks with 99,047,930 above legal requirements. The weekly Clearing House report shows decreases across vault reserves and other deposits, with total deposits rising by 4,906,200 to 850,824,500 and aggregate reserves at 688,755,900.
Cotton statistics show prices quoted for April through November with a total sale of 6800. New Orleans rice market remains strong with receipts of rough and cleaned Honduran rice and sales totaling 3100 pockets at 5e per 1/16.
Trading a Mexican money market Saturday showed bids and asks for pesos and bank notes. Mercantile paper at 34.3 percent, Sterling 60 day bills around 4.72 percent, gold and silver prices steady alongside government and railroad bonds.
London announces bar silver at 29 4 per ounce and Money at 4 4 per cent with discount rates for short bills and three months at 4 percent.
Market reports show electrolytic copper offered between 28 and 28.50 for nearby delivery with June and later at 27.25 to 28.00. Iron prices unchanged amid a day of muted activity as several agencies pulled back on new supply.
Chicago April 8 Wheat and corn fell this week despite a bullish government winter crop outlook. May wheat near 1.16 dollars and July about 1.14. corn showed a substantial weekly setback. Oats were uneven, provisions mostly higher except July pork, with lard and ribs up. Bearish sentiment grew from Germany U.S. tension and rising marine insurance rates.
Butter lower creamery prices 31 to 35 9?c. Eggs higher with receipts 33 724 cases. first 20c ordinary firsts 18 4% 19c at mark. cases 18? 19c. Potatoes unsettled with 42 cars receipts from Michigan Wisconsin Minnesota and Dakota white 76 to 98c. Minnesota and Dakota Ohio prices 75 to 83c. Poultry alive unchanged with hens 19c and springs 19c.
In New York on April, cotton goods held firm and wool markets remained steady aside from weaker cape wool grades. Ready-to-wear trade showed brisk activity.
Elgin butter market reports 0 tubs sold at 36¢ and 50 tubs at 35¢ per tub. A Money Talks note describes hard times in the cotton belt with traders like Uncle Ephraim lamenting scarce cash. A Western backwoods visitor in New York jokes about a restaurant napkin in a Christmas tale.
A London constable aboard a crowded omnibus announces two “swell thieves”, prompting a nervous passenger to fear for reputation while another man with a gold watch exits after admitting bank money. The conductor is reassured and they drive on as the thieves depart.
Carrot buyers paid Texas wheat 1.30 and northern 1.32 per bushel while corn prices show Texas No 3 at 60c and northern No 2 mixed 60c. Northern white corn listed at 70c. Oats vary by form with Texas red at 75c bulk and 2.00 sacks, northern white oats at 65c bulk and 87c sacks. Oklahoma prices align with Texas grades.
Local packing house quotations list dry salt bacon extras and bellies with 14-16 pound averages and prices 16¢ to 18¢. Fancy breakfast bacon priced at 26¢ and fancy hams at 21¢. Pure lard 13¢ and compound lard 12½¢.
On April 8 in Chicago quotations show No 2 red wheat at 1.20 to 1.21, No 2 hard at 1.18, No 2 yellow corn nominal, oats standard at 46 to 47 cents, and barley at 62 to 75 cents.
Quotations list Wheat with No 2 red at 1.27 and No 2 herd nominal. Corn No 2 Tetge and No 2 white at 0.6440. Oats No 2 at 43 cents and No 2 white nominal.
In Kansas City on April 8 quota wheat prices ranged from No 2 hard at 1.14 to 1.19 and No red at 1.34 to 1.20. Corn saw No 2 mixed at 69 and No 9 white around 69 70 cents. oats listed No 2 white at 47 48 cents and No 2 mixed at 41 42 cents.
In Kansas City on April 3 the wheat market closed with May at 107 and July at 1.06 percent. Corn futures were lower with May at 69 percent and July at 424 and 1/2 percent.
The Department of Insurance and Banking of Texas issues a certificate of authority to Federal Life Insurance Co of Chicago for continued business in Texas through February 28, 19%. Officer signatures include Ino. S. Patterson, Commissioner, and Ben Thorp, State Manager, with Dallas and Austin references.
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