Weather notice for Texas extended weekend
Saturday August 12 1916 forecast for San Antonio and East Texas notes partly cloudy conditions tonight and Sunday with similar skies.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 12, 1916
Page
9
Saturday August 12 1916 forecast for San Antonio and East Texas notes partly cloudy conditions tonight and Sunday with similar skies.
A midweek report notes supporting orders from Longs countering supply pressure as cotton prices rise amid holiday trading in Liverpool. Strong trade activity and global demand influence the market.
Daily quotation report notes gains early on supportive overnight orders, then a whipsaw session with prices near opening levels. Liverpool market holiday and forecasts of continued Texan Oklahoma dryness supported futures while New York and New Orleans fluctuated. Prices in San Antonio compresses show strict middling around 14.16 cents and other grades near 13.72 to 11? cents.
The New York cotton market opened steady with advances of 7 to 8 points on short covering after yesterday’s drop. December and January contracts moved from about 14.30 and 14.39 to around 14.22 and 14.82, then declined as New Orleans houses and Western selling pressured prices. By late morning December fell to 14.20 and January to 14.30, with a late rally lifting December to 14.34 and January to 14.43, closing the day 7 to 10 points higher overall.
Cotton opened with gains of six to eight points on support from long positions but soon slipped as dry eastern belt weather and reports of new Texas bales increased supply. Prices hovered with a net drop of one to two points in the first half hour, then recovered later on Texas drought hopes.
New Orleans futures opened steady with October at 13.90, December 14.13, January 14.24, March 14.42 asked, May 14.56, and closed steady overall.
Weekend receipts in the produce market showed notable improvement as carload shipments of Messina lemons arrive, easing lemon scarcity. Lettuce, tomatoes, grapes and butter hold steady with prices around 7.50 to 8 for lemons, 75 cents a third of a bushel for Kansas tomatoes, and California white grapes selling at 2 per lug box. Flour rose about 20 cents to about 7.50 for Saturday deliveries.
Cotton statistics report stock yesterday 476 514, stock same day last week 530 379, stock same day last year 707 312, and a deficit this season 230 798. Figures reflect a drop in available supply and ongoing demand pressures in the textile sector.
The Indianapolis News notes a revival of herb gardens in Indiana and the broader East. USDA backs the movement. Fifty years ago dried herbs were essential in Hoosier pantries and flavoring extracts were luxuries. Reembracing herbs could restore practical kitchen skill and improve many dishes.
The London Globe reports two curious incidents during the great push. First, four deserters crossed into our lines while German sentries whistled, seen as an omen by our troops. Second, on Crucifixion avenue the bombardment misshaped the trees yet left a large crucifix unscathed with no shrapnel marks.
Wheat prices in Chicago eased on frost absence in Canada delaying risks. Early declines from 2% to 1% were followed by limited recovery as rumors of federal price probes surfaced. Corn rose on Illinois rainfall notes, oats stayed weak, and hog provisions weakened.
Chicago cash grain traders quoted wheat at No. 2 hard 1.44 to 1.45 dollars and No. 2 red 1.45 to 1.46 dollars. Corn No. 2 yellow declined to about 74 cents per bushel. Date standards 43 to 13 percent. barley listed as nominal.
Quotations today show No 2 red wheat at 1.481.51 per bushel and No 2 hard at 1.441.50. Corn No 2 at 87 8Ti4e and No 2 white at 86 I40. Oats No 2 at 42% and No 2 white at 48% tic.
Quotations for wheat corn and oats listed by grade and type. No. 2 hard wheat at 1.85 and 1.46 for other grades. No. 2 red 1.41 to 1.48. corn mixed and white prices shown. rye and oats prices noted with small variations.
Wheat futures settled with Sept at 1.28 ½ cents, Dec at 1.40 ½ cents. Corn futures ended with Sept at 81 1/2 cents, Dec at 71 1/2 cents.
Mercantile paper 8 percent and 60 day bill at 4.71 percent with demand around 4.7411 to 4.76. Sterling and foreign currencies show modest figures with francs at 1.65, guilders around 4.15, and Mexican dollars at 0.51. Government and railroad bonds hold steady amid market chatter.
Pitterburg pa August 12 new quotations from the minimal oil refining companies list gasoline at 26 cents a gallon after three crude oil price cuts totaling 25 cents per barrel.
Rough rice sold strongly while clean rice held firm in New Orleans market. Prices for Clean Honduras and Blue Rose were quoted with limited changes. Blue Rose traded around 3% to 3 1/2% higher in pockets, others unchanged.
Dallas merchants marketed the county's first bale of cotton from the 1916 crop. Raised by R. P. Jones of near Meromite, the bale was classed strict middling and sold for 14 cents a pound on the Dallas Cotton Exchange. Jones received a $25 bonus from exchange members.
Aug 12 market report shows futures coffee steady with No. 7 trading at September 8.72 and December 8.79. Traders eye supply shifts and demand signals as prices hold near session highs.
Elgin Illinois on August 12 reports butter sales of 250 tubs at the local market as part of daily commodity transactions and price observations.
Buyers paid prices for Texas country produce delivered in San Antonio on Saturday. Candled country fruit sold at 22 to 23 cents per pound while Texas creamery butter ranged 25 to 40 cents. Country butter 18 to 20 cents. packing stock 18 to 19 cents. Poultry markets held steady with hens 5 to 6 dollars per dozen, large fryers 5 to 6 dollars, broilers 2.40 to 3 dollars, turkeys 15 to 16 cents per pound, ducks 4 to 6 dollars per dozen, and geese 4.50 to 5 dollars per dozen.
Chicago prices show butter higher with creamery at 25 to 29 cents. Eggs higher with receipts 7391 cases firsts 23 to 24 cents ordinary firsts 23 cents. Potatoes lower with 140 car shipments Jersey and Virginia bulk 1.10 to 1.15, Virginia barreled 3.40 to 3.50, Missouri Illinois and Ohio 0.95 to 1.00. Poultry alive lower with fowls 14.47 to 16 cents and springs 18 to 20 cents.
Butter creamery firsts 28c seconds 26c packing stock 21c. Eyes firsts 21c. Poultry hens 16c roosters 10c broilers 21c. New potatoes firm in Louisiana Texas Arkansas Oklahoma Triumphs and Kaw Valley early Ohios 5c to 1 dollar.
Local packing house quotations listed for dealers include dry salt extras 16c bacon extras 17% c dry salt bellies 14-16 pound average 1s c fancy breakfast bacon 27c fancy home 21c bacon bellies 14-16 pound average 19c pure lard 14c compound 11% c.
The Texas railroad commission postponed the Galveston to New Orleans export cotton rate hearing to September 12 after railroads agreed to keep Texas to New Orleans rates 0.08 dollars higher than Galveston and other Texas ports. North Texas lines seek ICC approval to meet Texas & Pacific Railway rates at junction points without violating federal law. No testimony was taken. Chairman Allison Mayfield noted revenue concerns and the possibility of lowering Texas port rates.
In Austin Texas the Department of Agriculture reports strong farmer interest in agricultural information. A single farmers' Institute requested 900 copies of leaflets and bulletins, among 28 subjects, showing progress in Lubbock county. The bulletins were mailed as requested.
The Hallettsville bank names directors T Y Hill Joseph Kopecky H J Strunk R A Baessler J M Holub and J F McKnight. It will temporarily occupy Courthouse square until a two story brick building on the southwest corner is ready. Capitalization is $50 000 with the lower floor for banking and the upper for offices.
Attorney General's Department approves the charter of the mutual company of Yoakum Texas for fire storm hail and lightning cover. Incorporators include KR Flato William Green Philip Welhausen FE Wolters and others. A Department of Insurance and Banking license is issued.
Texas state pure food commissioner Robert H. Hoffman reports progress from Galveston where inspectors and city authorities cooperate in a week long campaign against bad eggs. Samples of distilled water from Galveston will also be analyzed.
The cutting trades are working slowly after the settlement as many minor strikes and refusals to start with workers who kept jobs during the great strikes cause delays. Cotton goods remain firm, yarn prices 2 to 8 cents per pound higher than most 1917 quotes, and wool markets are firm.
At Union Stock Yards Aug 12 trading was light with expectations of a busier market next week. July cattle dipping reports cover 13,934 herds and 760,846 cattle across eighteen quarantined counties, with 6575 herds and 528,288 cattle found tick-infested. Archer county tops infestation counts. Fort Worth Chief Inspector L. J. Allen released the figures. Receipts today included 68 cattle 13 calves and 19 hogs.
Fort Worth reports cattle receipts at 100 with prices from 6.00 to 7.40 for beeves and hogs at 800 with varied bids from 7.50 to 9.90. Sheep shows no receipts, lambs at 9.00 to 9.75, yearlings at 8.00, and goats from 4.50 to 5.50. overall market mix with declines noted.
Chicago reports hog receipts of 16 000 with bulk prices from 10.00 to 10.65 and mixed at 9.80 to 10.65, cattle receipts 1000 with beef cattle typical 6.90 to 10.75, stockers 7.00 to 7.85, cows and heifers 3.50 to 9.25, calves 9.00 to 12.65, and sheep receipts 4000 with weaving 6.60 to 8.50 and lambs 7.50 to 11.35.
Hogs receipts 4000 with prices from 8.50 to 10.50 for various grades. cattle receipts 400 with native steer prices 7.00 to 10.25 and cows 5.50 to 7.75. sheep receipts 150 with lambs 7.00 to 10.50 and yearlings 6.00 to 9.50. market steady across categories.
Today’s stock market moved on railway labor conference developments. Reading rose while Western issues fell. copper led gains then held, and shipping stocks slumped over mercantile marine capital readjustment. Bonds remained steady as the session closed irregularly.
Temperatures rainfall and weather conditions for the Houston district stations reported for the 24 hours ending at 8 a m. Central meridian time. Data covers multiple stations with readings on temperature and precipitation.
U S Department of Agriculture issues a weather bulletin by meteorologist Allen Buell and Weather Burress. The bulletin provides regional forecasts and updates on current atmospheric conditions.
Weather Bureau meteorologists report generally normal temperatures across the belt. Jacksonville records 1.10 inches of rainfall, highlighting variable precipitation in the region.
Trading in Mexican money in San Antonio Saturday showed bids and asks for silver pesos and half pesos. State bank notes quoted at 11 percent, national bank notes at 4 percent, Bank of London and Mexico at 15 percent, and Carranza money at 4 percent.
Cattle receipts steady with prime fed steers at 9.25 to 10.25 and dressed beef steers 7.00 to 9.00. cows 4.50 to 8.25. stockers and feeders 6.00 to 7.75. Hogs receipts 1600 with values 9.55 to 10.15 for bulk and 9.25 to 10.25 for light hogs. pigs 8.75 to 9.25. Sheep receipts none. lambs 10.00 to 11.00. yearlings 7.00 to 7.85. ewes 6.75 to 7.30.
The clearing house banks and trust companies show an excess reserve of 103,087,140 dollars, down 9,224,640 from last week. Loans and discounts total 3,246,068,000 dollars, up 23,241,000. Net demand deposits reach 3,141,165,000 dollars, up 36,948,000, while net time deposits are 219,860,000 dollars, up 19,074,000.
Savannah reports turpentine firm activity with 42 42%c sales 300 receipts 541 shipments 252 stocks 15465 and resin firm figures with sales 2150 receipts 2636 shipments 161 ren e 69 659. Various quoted prices A B set at 5.45 to 5.60 C D 70 E. Elsewhere quotes include 4.90 6.00 6.40 6.45 6.55 6.60 reflecting market spreads for different lots and brands.
Exports from New Orleans for July 1918 totaled 24 806 05 dollars, surpassing the previous July by over 11 million dollars and setting a city record. Principal goods shipped included cotton wheat and flour, according to the port collector's report issued today.
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