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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 13, 1916
Page
8
U S Department of Agriculture Weather Bureau notes rain and snow conditions with wind directions. Initial figures show precipitation of .01 inch or more for the past three days and a maximum wind velocity recorded.
Oklahoma farmers report top notch crop estimates with cotton yields favored by favorable conditions yet warn rainfall shortages loom. Officials note robust plantings and rising market activity as forecasts anticipate steady demand through the season.
Daily quotations show middling cotton prices at San Antonio Houston Galveston New York and New Orleans with December futures hitting around 14.7% and losses from intraday highs. Reports cite weather in the South improving demand while Oklahoma remains dry. Liverpool notes and New York, New Orleans end prices indicate firming near week’s end.
The New York cotton market opened steady with a modest advance on covering after yesterday’s sharp drop. December and January contracts moved from about 14.30 and 14.29 to intraday highs near 14.34 and 14.43 before slipping on liquidation, then finished the morning steadier with a small net gain.
In New York on August 12 cotton futures opened steady with August at 13.93, October 14.07, December 14.28, January 14.28, March 14.52, and May 14.65. The session closed steady after fluctuations with lows near 14.90 and highs around 14.41.
New Orleans cotton opened six to eight points higher on long side demand but soon declined as contracts increased due to dry weather in the eastern belt and reports of new bales in Central and North Texas. Hedging sales against new crop from southwestern spot firms pressured values, pushing the near months 3 to 6 points below yesterday's close. A late spurt near the end of the first half hour followed forecasts of continued dry Texas weather, lifting the active month 6 to 10 points above the prior close.
In New Orleans on August 12 the cotton market opened steady with bids for October at 13.90 and December 14.18, January 14.24, March 14.42, and May 14.55. Futures closed steady, with figures showing minor variations across months amid a stable trading day.
Fort Worth becomes a local distributing station for blackleg vaccine under the U S Department of Agriculture. Stock owners are urged to vaccinate cattle to reduce losses from Texas o Splenetic fever and can request vaccine blanks from Dr I J Allen. Government vaccine ships to legitimate stock owners only, with co operation from the Texas Live Stock Sanitary Commission and county authorities. About 40 percent of quarantined ticks area has been cleared in the U S through such efforts, and systematical dipping continues across Texas with roughly 900 vats serving twenty counties and three quarters of a million cattle dipped regularly.
The Interstate Commerce Commission ordered readjustments to class and commodity rates between Shreveport, Louisiana, and Southern Texas points. New maximums and many commodity rates target discriminations, effective by November 1. The long disputed Shreveport rate case centers on Texas rate structures and Shreveport’s competitive rail business.
Butter higher with creamery prices at 25 to 29 cents. Receipts total 7391 cases, firsts 23 to 24, ordinary firsts 22 to 23, at mark 20 to 23. Potatoes fall with 150 car receipts. Jersey and Virginia bulk sold 1.10 to 1.15, Virginia barreled 3.40 to 3.50, Missouri Illinois Ohio 0.95 to 1.00. Poultry alive down. fowls 14 to 16, springs 18 to 20 cents.
The Liverpool cotton exchange was closed today as of August 12.
Wholesale market price table for vegetables and fruits to retailers and shippers. Items include potatoes onions celery cabbage peppers beets green beans squash carrots turnips chili peppers lettuce parsley egg plant spinach cantaloupes watermelons corn cucumbers sweet potatoes apples bananas oranges lemons limes peaches grapes prunes raisins figs dates California canned goods and coffee. Prices given per weight, crate, box, or bunch with various regional exits and grades, reflecting a broad market snapshot.
Chicago Aug 12 The wheat market had its wildest week in years as a government crop report showing a loss of at least 105 million bushels in the U S and 136 million in Canada sent prices surging to above 1 50 a bushel on futures. Corn and oats followed wheat higher on sun damage and related factors while hog provisions gained on the advance.
Chicago on August 12 reports grain and feed prices with No 2 hard at 1.44 to 1.45 and red at 1.45 percent. Corn No 2 yellow quoted at 87 and some cents. Oats standard at 43 percent. Barley listed as nominal.
Quotations listed for August 12 show wheat at No 2 red 1.48 to 1.51, No 2 hard 1 441 50, corn No 2 87 to 87 1 2 cents, No 2 white 8640, oats No 2 42 to 43 1 2 cents, No 2 white 43 1 2 cents. Prices reflect standard commodity market reporting for the day.
Kansas City market update lists grain quotes for August 3 showing No 2 hard wheat at 1.25 1.46 dollars per bushel, No 2 red at 1.41 1.48, No 2 white at 1.25 1.46, No 2 yellow corn at 0.85 0.87, and No 2 white oats at 0.46 0.46 dollars per bushel, with typical bid and ask ranges.
Kansas City grain futures closing figures show Wheat for September at 1.38 and December at 1.40, while Corn for September and December stand at 1 and 71 1 4 to 1 1 2 cents respectively. The report lists prices by contract and commodity.
San Antonio provisions and local packing house quotations for dealers listed August 12. Dry salt extras 16c, bacon extras 17 1/2c, dry salt bellies 14-16 pound avg 18 1/4c, fancy breakfast bacon 27c, fancy hams 2c, bacon bellies 14-16 pound avg 19c, pure lard 14c, compound 11 1/2c.
Temperature near normal and generally fair weather reported for the Houston district 24 hours ending 8 a m. 75th meridian time. Rainfall at Jacksonville 1 10 inches. Wind velocities under ten miles an hour and rainfall under .01 inch not published. Butter 250 tubs at 29 ⅔ cents in Elgin Illinois. Quotes from Baltimore American.
In Union Stock Yards Fort Worth on August 12 trading slowed to a holiday mood with little activity. July dipping results from eighteen quarantined counties show 760,846 cattle inspected in 13,984 herds. 528,288 cattle in 6575 herds were tick dipped in 54 vats. Archer County led in counts. receipts listed cattle calves and hogs.
Fort Worth market report shows cattle receipts about 100, prices 26 cents lower with beef and stockers varying from six to seven dollars. Hogs receipts 800, down about 10 cents, with heavy hogs 9.90 to 9.95, medium 9.80 to 9.90, night 9.66 to 9.90, pigs 5.50 to 8.25, sheep none, lambs 9.00 to 9.75, yearlings 8.00 to 8.15, and goats 4.50 to 5.50.
Chicago stock yard report shows hogs receipts 16000 with slow trade and prices from 9.65 to 10.66, bulk 10.00 to 10.55. cattle receipts 1000 steady with native beef 6.90 to 10.75 and calves 9.00 to 12.65. sheep receipts 4000 steady with welters 6.60 to 8.50 and lambs 7.50 to 11.36.
Hogs receipts 4000 on Aug 12 with prices from 8.50 to 10.60 for various hog categories. Cattle receipts 400 steady with ranges for native beef steers yearlings cows stockers Texas and prime southern grades. Sheep receipts 150 steady with lambs slaughter ewes bleating ewes and yearlings listed with price ranges.
Hogs receipts 1500 with prices 10 to 15 cents lower. Bulk hogs 9.85 to 10.15, heavy 9.85 to 10.15, packers and butchers 9.16 to 9.20, light 9.90 to 10.26, pigs 8.75 to 9.25. Cattle receipts 100 steady. prime fed steers 9.20 to 10.25, dressed beef steers 7.00 to 9.00, southern steers 5.50 to 8.50, cows 4.50 to 8.25, heifers 9.10, feeders 6.00 to 7.75. Sheep receipts none steady. lambs 10.00 to 11.00, yearlings 7. fags 7s wethers 7.25 to 7.85, ewes 6.75 to 7.
Quotations for Butter Eggs Poultry and potatoes from Kansas City market report. Creamery butter firsts and seconds quoted 26 to 28 cents. Eggs firsts 24 cents. Hens 16 cents roosters 10 cents broilers 21 cents. Potatoes firm with Triumphs Kaw Valley early Ohios at 95 cents to $1 per bushel.
New York, Aug. 12. This week's stock market showed modest gains after prior dullness with irregular sessions. Rail shares led by Reading rose, while Industrials held ground and U S Steel showed best price since January. Munitions and motor stocks gained, rails remained volatile, and bonds stayed steady.
The last sale on the New York stock Exchange today compared with that of a week ago showing progress made by the respective issues during the week just completed.
Committees representing bond and stockholders agree to a financial readjustment plan for the International Mercantile Marine Company. The scheme sustains the company, refunds about half of its bonded debt, and pays the remainder in cash. Eighty two percent of back dividends on preferred stock remain to be settled by the new board. New bonds up to fifty million dollars may be issued in exchange for old bonds.
Mercantile paper 3 percent. Sterling 60 day bills 4. Nks demand 4.76 11-16 cables 4.76 Guilders demand 41 2 3 percent? Bar silver 66c. Mexican dollars 51c. Government bonds steady. Railroad bonds steady.
New Orleans notes show rough rice strong and clean rice steady with no receipts. Sales include Clean Honduras with 272 pockets and Blue Rose with 450 pockets. Prices: Clean Blue Rose and other qualities unchanged, with 3 to 8 percent variations未 specified.
New York August 12 coffee futures show No. 7 Ai at 8.72 for September and 8.79 for December with prices steady. Traders watch global supplies and demand as the market holds on current levels amid mixed outlooks.
NEW YORK Aug 12 The cutting trades are moving slowly after the strike settlement as numerous minor strikes and disputes arise from workers resisting starting with those employed during the great strikes. Cotton goods held firm yesterday and yarns rose 2 to 3 cents per pound above the highest 1917 quotes. Wool markets remained firm.
The weekly statement shows banks and trust companies hold 103,087,140 in excess reserves, down 9,224,640 from last week. Loans total 3,246,063,000 up 23,241,000 while net deposits rise with demand at 3,141,165,000 and time deposits at 219,?86,000. Circulation stands at 31,848,000, with aggregate reserves at 645,603,000 and excess reserves down 224,640.
Shippers market reports prices for country produce in San Antonio on Saturday. Fegs steady at 22 to 28 cents per pound, Texas candled. butter at 25 to 30 cents per pound. country goods 18 to 20 cents. packing stock 18 to 19 cents. Poultry steady with hens at 5 to 6 dollars per dozen, large friers 5 to 6 dollars, broilers 2.50 to 3.00, turkeys 15 cents per pound, ducks 4 to 5 dollars per dozen, geese 4.50 to 5 dollars.
Turpentine firm shows 42 42%c sales 300 receipts 641 shipments 252 stocks 15465. Resin firm reports sales 2150 receipts 26326 shipments 161 stocks 63659. Various price quotes listed from $5.45 to $6.78 with multiple letters and notes.
Washington August 12 The article notes strong growth in American dairy exports in fiscal 1916 with total dairy exports valued at 24 million dollars up from 1915 and well above 1911. Condensed milk exports reached 156 million pounds worth 12.5 million dollars, while total cream and milk exports were about 13 million dollars. Butter exports rose to 13.5 million pounds.
Pittsburgh August reports confirm Pennsylvanian Company weighing consolidation of its southwest lines. Details remain undecided with an official announcement likely in days and a completion hoped within two months. Planned routes include Pittsburg Cincinnati Chicago andLouisville via Panhandle and others. stockholders offered security-backed payments.
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