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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 05, 1916
Page
7
Fragmented text describes air pressure adjustments and temperature related notation. Mentions isobaric lines and dotted curves. Appears as partial scientific note with no clear event or named entities.
The bureau report notes a sharp uptick in cotton prices as late market trading intensified. Dealers cited limited supply and renewed demand from textile buyers, signaling a volatile close to the session.
The New York cotton market opened firm gaining 12 points on the day. Weather expectations for the eastern belt remained favorable while the western belt showed little rain. Decembers rose to around 14.24 and January to 14.43 as traders covered shorts and pursued crop deterioration signals.
New York markets report cotton futures opening steady with various contracts posting modest climbs. Prices listed include October at 13.85, January 14.18, March 14.82, and May futures up around 20 points from previous, amid fluctuating highs and lows across the session.
Prices for cotton delivered at San Antonio compresses show strands of middling and lower grades with terms Good middling strict, low middling, and good ordinary in the report. Trade notes indicate price levels for various staple qualities as of Saturday.
Chicago August 11 Wheat prices hit new 1916 highs before giving back gains as buyers showed caution. Exporters reportedly sold 1,000,000 barrels of flour to Great Britain amid mixed demand and concerns over black rust north of Regina. Corn and oats weakened then rose on crop damage reports with end of day gains for corn and firmer oats. Provisions firmed due to light offerings.
Market brief notes cotton price trends in New Orleans with emphasis on current bidding, regional demand, and supply cues. Reports show price movements across grades and delivery months, highlighting potential shifts for shippers and textile buyers.
The New Orleans market opened with October down one point under moderate liquidation. After a brief rise of 7 to 9 points, prices sagged again under pressure from realizing selling. By mid-morning, values were about unchanged to one point lower versus yesterday, with late short-covering lifting nearby months 13 to 15 points over yesterday's quotes.
In New Orleans La August futures for cotton opened steady with August at 13.51 October 13.61 December 13.83 January 13.44 and March 14.18. The market closed about 20 points higher amid mixed intraday moves and unrelated price snippets appear in the regional report.
Quotations show wheat at No 2 red mixed 1.36 and No 2 hard new 1.34 1/2. Corn No 3 yellow 0.54 3/4 and oats standard 0.44 1/2 to 0.44 3/4. Market notes dated Chicago August 5.
For sale by owner a healthful red land 168 acre farm in Na cordoches county near good town on a good road. Contact M King Nacogdoches Texas for details and inquiry.
Quotations today show wheat at No. 2 hard 1.29 to 1.35, No. 2 red 1.32 to 1.38. Corn ranges No. 2 mixed 88 to 89 cents, No. 2 white 84 to 85 cents, No. 2 yellow 83 to 84 cents. Oats list No. 2 white 44 to 45 cents, No. 2 mixed 42 to 44 cents.
Kansas City futures closed steady with September at 1.30 and December corn at 81 cents. St Louis quotes show No 2 red wheat around 1.38 to 1.42, No 3 hard at 1.84 to 1.41, corn No 2 and No 2 white at 83 cents, oats No 2 at 42 cents and No 2 white at 44 cents.
New York on August 5 reports cotton seed trading with bids across several months. Spot price listed at 9.25 dollars, January 8.36 to 8.37, February 8.38 to 8.42, March 8.46 to 8.50, August 9.22 to 9.34, September 9.10 to 9.11, October 8.64 to 8.70, November 8.35 to 8.36, December 8.35 to 8.36. Total volume 16,800 bushels.
Buyers paid prices for country produce delivered in San Antonio on Saturday. Butter steady with Texas creamery 25 30c per pound, country 18 20c, packing stock 18 19c. Poultry steady with hens 5.96 6.00 per dozen, large fryers 5.00 6.00 per dozen, brokers 2.59 3.00, turkeys 15 16c per pound, ducks 4.00 6.5 0 per dozen, geese 4.59 5.00.
Prices for dairy eggs and poultry are listed with small differences by grade and type. Butter and creamery butter ranged up to 28 cents a pound while eggs sold around 23 cents per dozen and poultry varied with hens at 16 cents and broilers at 21 cents. regional potato quotes included several states with firm prices near 80 cents.
The weekly statement shows clearing house banks and trust companies hold 112,811,780 dollars in reserve beyond legal requirements, up 3,065,470 dollars from last week. The figures detail the actual condition of institutions in New York.
Fort Worth cattle receipts 400 slow with varied prices. hogs 600 steady. sheep 100 steady with lambs near 9 to 9.75. Chicago hogs receipts 9000 steady with bulk 9.20 to 9.85. cattle receipts 200 steady. sheep 600 strong with wethers 6.75 to 8.25 and lambs 7.50 to 11.00.
Receipts and quotations for hogs cattle and sheep show a steady market in Kansas City on August 6. Hogs bulk nine thirty to nine eighty with various cuts. cattle prime fed steers nine fifty to ten ten while cows and new stockers range. sheep lambs ten to eleven twenty with yearlings seven seventy five to eight fifty.
Receipts totals: hogs 3000 with prices 8.50 to 9.90 for various classes. Cattle 50 head and unchanged. Sheep 190 head with lambs 7.00 to 10.55, slaughter ewes 5.00 to 7.25, bleating ewes 9.00 to 10.00, yearlings 6.00 to 9.00.
Local packing house quotations to dealers Saturday list items such as dry salt extras 18 percent bacon entrees 16 percent bacon bellies 14 16 pound average 194 pure lard 14 cents compound 11 1/2 cents.
In Savannah on August 6 the turpentine market shows firm sales at 42 percent with 565 shipments and stock around 13 810, resin firm with 1103 sales and 1130 receipts, 75238 shipments and stock 62.4. Quotations list A through W with prices from 5.70 to 6.60 per unit and several letters indicating varied grades and availability.
The All Stars and Soledads tied 1 to 1 after three innings at the Soledad rink Friday night. Hunter scored for the All Stars while B Kaufman tallied for the Soledads. Myers and Hass led defense. Charley Brinkman refereed the game. Lineups included Hunter Dwight Myers Blondy Speakman for the All Stars and Tomlinson Kaufman Hass Woodbeck Beckman for the Soledads.
The report lists bale counts by port including Houston Savannah Charleston Wilmington and others with totals like 1,988 2,104 9238 and 8,850. Stock figures compare yesterday to last week and last year at 890,870 821,220 and 717,085 with a season deficit of 186,666.
In New Orleans on August fifth rough rice remained nominal and clean rice quiet with no receipts and unchanged quotations. Sales included clean Honduras at seven hundred seventy pockets.
Corpus Christi reports strong interest in introducing Rhodes grass on a large scale for permanent pasturage in Southwest Texas. The drought resistant, low cultivation crop is praised for high returns and climate suitability. Immigration agent H. M. Madison predicts the region could earn fame akin to Kentucky’s Blue Grass State.
Observations recorded at 8 a m on Saturday August 6 1516. Wind speeds under less than miles per hour and rainfall below .01 inch are not published. Meteorologist Allen Buell of the Weather Bureau signs the note.
The dull trading opened the week end with only a few stocks quoted in the first half hour. Gulf States Steel fell 31 points while United States Steel, Mexican Petroleum, Studebaker and Maxwell Motors dropped about 16% each. Local traction issues remained steady despite a wider strike.
Trading in Mexican money in San Antonio Saturday showed bids for silver pesos at 47 cents per peso. US currency mixed with notes from State banks at 17 percent and Bank of London and Mexico at 15 percent.
Chicago reports higher butter creamery at 24 28 1 2c, eggs up with 7 667 cases received and firsts 23 23c, ordinary first 22 22c, potatoes higher with 10 car loads, Virginia barreled at 2.70 2.80, Ohio 0.80 0.85, poultry alive down with fowls 17 17c and springs 18 20c.
New York August 5 Mercantile paper at 4 percent 4 percent and 34 percent with sterling exchange 60 day bills at 4.71 percent demand 4.75 percent and cables 4.767 16. Guilders demand 41 percent cables 41 percent Bar silver 66 4 cent Mexican dollars Sle government bonds steady railroad bonds irregular
The bulletin notes rainfall and weather conditions in the Houston district for the 24 hours ending 6 a m. local time. It reports generally fair conditions with near normal temperatures and rainfall exceeding an inch at Mobile Alabama and Brookhaven Mississippi.
A brokerage firm holding 37,000 of the Cape Girardeau & Northern bonds and R H Schultz file in the Circuit Court against the St Louis and San Francisco railroad, claiming the guaranty on 1.5 million dollars in Cape Girardeau & Northern bonds. Plaintiffs say a judgment is needed before the reorganized Frisco system bears liability. A related Federal suit seeks to block Frisco foreclosure sale over creditor claims.
The ICC dismissed a complaint by the Eastern Shore of Virginia Produce Exchange challenging the New York Philadelphia and Norfolk Railroad potato rates from Accomac and Northhampton counties Virginia to several southeastern states and Louisiana as unreasonable.
Washington and London dispatches report the Department of Agriculture will issue new cotton standards soon under the agricultural appropriation bill. The re enacted cotton futures act with changes takes effect September 1, with regulations to follow and be circulated to exchanges to avoid trade disruption. Bar silver quoted at 30 18 164 pence per ounce. money rates at 4 percent with discounts on short and three month bills.
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