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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 25, 1916
Page
13
Yesterday's precipitation was none with a normal daily expectation of .12 inches. Total precipitation since January 1 is 15.29 inches, with a deficiency of 8.01 inches. Winds were breezy at 30 mph. no significant rainfall reported.
Market reports show cotton prices rising to fresh peaks for the current season, with traders noting strong demand and limited supply. Liverpool headlines amplify the global surge as buyers seek futures contracts amid steady export activity.
The Cot ton Exchange reports sharp early gains with New Orleans and Liverpool lifting prices to new records. Latest crop projections warn of heavy damage from boll weevil, drought, and reduced yields across the Gulf states, signaling potential shortage and higher futures. Prices climb through the day with New York and New Orleans finishing strongly higher. San Antonio spot bids for various grades are noted after a volatile session.
Buyers paid prices for Texas country produce in San Antonio Friday. Candied goods 24 6¢, butter 25 30c per pound, country 18 20c, packing stock 18 19¢. Poultry steady with hens 6.00 7.00 per dozen, large fryers 5.56 6.50, broilers 23.00 38.50, turkeys 17 18c per pound, ducks 4.00 65.00 per dozen, geese 4.60 cited.
New York cotton prices rose sharply as futures opened feverish and buying orders dominated the ring. Bulls were spurred by dry Southwest weather and reports of crop deterioration in the eastern belt, with December around 15.65 and January near 15.68 at midday, closing steady after a volatile session.
Trading on August 25 shows copper prices firm and rails and related stocks mixed. Inspiration and Kennecott Utah and Ansconda active, first price around 66 percent, while Mexican Petroleum and Crucible Steel gain slightly and United States Steel holds. Union Pacific fluctuates, Reading Erie and Baltimore & Ohio ease, Marine preferred drops. Steel nears record highs briefly before broad declines exit, ending heavy.
Chicago August market notes show butter receipts 6695 tubs with creamery extras at 31 1 8 cents, extra firsts 30 1 8, firsts 29 1 8. eggs 7551 cases unchanged. cheese stable. potatoes rise with 20 car lots and bulk cobbler varieties at 1.30 to 1.35. poultry alive steady with fowls 14 to 16 cents and springs 20 to 21 cents.
The state public service commission granted the St. Louis and San Francisco Railroad authority to issue bonds totaling 194,138,316 dollars, preferred stock 9,452,026 dollars, and common stock 48,000,000 dollars. The application notes outstanding obligations totaling 821,674,886 dollars and a planned total debt after issues.
London market notes show bar silver at 81% per ounce and money at 4 percent. Discount rates listed 5 percent for short bills and three months.
Quotations dated Kansas City report dairy butter prices creamery 28 cents firsts 26 cents seconds 23 cents packing 18 cents for roosters 10 percent poultry hens and roosters noted with broker 18 cents. New potatoes Kaw Valley early Ohios priced at 1.06 dollars.
In New Orleans Aug 28 sustained gains in the English market sparked heavy buying here. October traded to 15.12 the highest on record for that option as forecasts of 16 cent cotton for next week circulated. By noon months gained 41 to 43 points and closed up 51 to 53 points on the day.
New Orleans cotton futures start with mixed moves led by October at 16.03 and January at 15.35 while December and March hover near 15.24 to 15.53. high and low data are incomplete with late Thursday close around 16.09 to 18.93.
Liverpool reports weekly cotton figures with totals. Mil ls receive 59 000 bales, of which 51 000 are American. Overall stock 678 000 bales, American 552 000. Imports 91 000, American 82 000. Exports 4 000.
Liverpool cotton market report lists Good middling at 9.584 and middling at 9.424 with low middling 9.26d. Trading notes show 4000, 400 for speculation and exchange, and December consignments totaling 17,000.
In New York on August 25 the raw sugar market showed dull trading with centrifugal at 5.52 dollars per unit, molasses at 4.75, and refined sugar steady around 7.00 to 7.25 dollars.
Mercantile paper 4 1 2 percent. Sterling exclaims at 4.71 percent demand 4.73, cables. Guilders 41 2. Bar silver 66 2 cents. Mexican dollars 5 cents. Government and railroad bonds steady.
Futures irregular and unsettled as of August 9 with varied August and September quotes, including October and December spreads. Holiday one changes noted with cotton and sceneality closing September 2 in New York.
Lead quiet at 6.60. Spelter dull. Copper steady at electrolytic 27.00 238.00. Tin unchanged with spot 38.50 to 39.00. Markets show muted activity in East St. Louis offerings and overall metals pricing.
Listing from Conness Realty Co. advertises a high raised cottage on Lamar with five large rooms, eight foot hall, 12 foot front gallery, porcelain bath, gas and sewers, on a 52 by 185 foot lot with trees. Furnished at 3400 dollars or unfurnished at 3000 dollars. Sales department.
Lead at 40 pounds 128 64, Spelter 58 pounds, copper spot 119 pounds, futures 108. Electrolytic 129. Tin spot 170 pounds 15s, futures 171. Partial market figures from London on metal quotes.
The weekly crop condition letter for August 23 reports severe damage from a South Texas storm that affected Brownsville to Uvalde and Matagorda, with worst damage around Cotulla. Cotton losses, damaged feed crops, and scarce stock water appear in multiple counties. some areas fared better. Citrus in Brooks County shows no citrus canker and prospects for expansion in Falfurrias.
Fort Worth Texas August 25 cattle receipts 2860 prices steers 6.00 to 7.00 stocker steers 6.00 to 6.50 cows 4.00 to 6.00 heifers 5.00 to 6.00 bulls 4.00 to 5.90 calves 4.50 to 7.90 hogs receipts 800 market five cents higher bulk 10.00 to 10.25 top 10.20 sheep receipts 360 market steady lambs 9.00 to 9.50 yearlings 8.00 to 8.50 wethers 6.00 to 7.25 ewes 4.00 to 5.75 goats 4.40 to 5.75
Receipts and prices for hogs cattle and sheep in Kansas City show steady markets. Hogs range bulk 10.20 to 10.70 with various classes. cattle include prime fed steers 9.50 to 10.75 and cows 4.50 to 7.00. sheep lambs 9.75 to 10.40 and yearlings 8.25 to 8.50.
Receipts and quotations show hogs steady to up, bulk at 35 to 11 percent. mixed trade at 10.00 to 11.10, heavy around 10.90, or 7.40 for some. Cattle receipts about 4000 with lower prices. beeves 6.50 to 10.85, cows and heifers about 9.00, stockers 4.75, steers 6.25 to 8.50, calves variable. Sheep receipts 12,900 with lower trade. lambs 6.50 to 10.65.
Receipts and prices for hogs pigs and lights mixed and butchers and bulk market lower. Cattle receipts 2300 with steady market including native beef cattle yearlings cows stockers and Texas steers with varied price ranges. Sheep receipts 1700 market strong with lambs slaughter and bleating ewes and yearlings priced across a broad range.
Wheat opened modestly higher in Chicago trading on August 25 but failed to sustain gains. Liverpool cables offered little bullish signal and prices slid from intraday highs before recovering slightly on export news. December moved to 1.52 to 1.62% and settled near 1.51 with May and September futures showing gains. corn stayed firm while provisions saw initial gains in lard trading.
Observations recorded at 7 am show wind under 10 mph and precipitation under .01 inch. Wheat corn and oats price ranges and grades listed by commodity and grade. Allen Buell Meteorologist Weather Bureau notes data omissions due to light wind and minimal rainfall.
Wheat futures finish at 1.47 percent for September and 1.49 percent for December. Corn contracts close at 7 1/4 to 7 1/2 cents for September and 7 1/2 to 8 cents for December.
Day quotes show No 3 red 1.52 No 2 hard 1.631 544 corn No 2 yellow 8e0 Data barley 8s8c 1. Prices include Chicago cash grain figures for No 3 red No 2 hard and No 2 yellow corn with barley and other notes.
Quotations for grains in St. Louis on August 25 show wheat No 2 red at 1.66 to 1.62, corn No 2 at 0.44 to 0.85, and No 2 white at 0.88. The figures include typical bid and offer ranges across grain grades.
Local packing house quotations list dry snail extras 16 c bacon extras 17 c and various bacon and lard prices. Cattle sales at Fort Worth show buyers like McClure Co Weatherford and H Riley Jr purchasing steers around 6.10 to 6.75 per cwt with several lots recorded, including Iowa Park and others.
Oklahoma City market reports cattle receipts at 400 steady while hogs reach 2600 with a five cent rise to a top of 10.40. Isaac of Shawnee posts a 41 head tally with a 6.50 average, and See at 6.00 closes.
New York markets list cotton seed oil prices by contract and time and provide bale counts. Open and close prices appear for August September October November and December deliveries, with daily figures and totals of bales like 13 700 and 23 000 and 58 600 66 2.
The belt is fair overall with some clouds and unsettled conditions in the east. Temperature is nearly normal. Rainfall over an inch recorded at Savannah and Yemassee. Data covers 24 hours ending 8 a m 75th meridian time. Meteorologist Weather Bureau.
Business activity rises on Commission Row with brisk receipts across items. Oil prices steady, season outlook favorable for fall goods. Colorado cantaloupes delayed until next week. supply tight but quality high. Kiefer pickles sell at one dollar per bushel as lettuce shipments move quickly at three dollars per crate.
The Department of Agriculture warns residents of Maryland Virginia and the District of Columbia to expect an army worm outbreak. Moths carrying eggs were found in early July and caterpillars will mature over three to four weeks. Farmers should inspect fields to detect early stages before crops, especially grasses and grains, suffer irreparable damage.
A shoe company in St Louis sent $105,800 worth of parade shoes for men and boys to Russia as a war order. The shoes were shipped to New York by express and will go directly to a Russian port with a scheduled stop.
In New Orleans on August 25 rough and clean rice markets steadied with receipts of 9545 sacks rough and 108 for millers. Sales totaled 5472 rough Honduras 14217 clean pockets and 231 blue rose pockets while rough Honduras traded at 2750 or 3.55 in the day’s quotations.
Savannah report shows turpentine firm 42 percent, receipts 433, stock 18 934 and sales 365 with quotations across multiple grades from A through K. Resin firm records sales 1614, receipts 1333, shipments 121, stock 68 443 with prices listed up to 6.60 per unit.
In New York on August 25 the high cotton prices pushed some manufacturers to withdraw from selling ossheeting drills and print cloth convertibles while new Samerete fabrics entered the market. Raw silk prices stayed steady.
The Cleveland narrator Fred Co Elmer built fame through nickel pies and lunching fortunes. He claims the pie business propelled his state senate win, noting the shop opened December 10 1877 and pies sold quickly while children became key customers.
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