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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 14, 1916
Page
11
The Cotton Exchange notes a bullish census report showing November U S cotton consumption near 584,082 bales, up from 514,743 a year earlier. Prices open higher on firm spot and futures rally, with San Antonio spots at 17.63 and Liverpool at 10.95.
New York cotton opened sharply higher as bullish overnight spot and Census Bureau mill consumption data supported gains. January reached 18.83 and May 18.80 before profit taking and Wall Street selling trimmed early advances, with prices fluctuating and settling around 18.66 by midafternoon.
New York trading notes show January cotton at 18.25, March 18.81, May 13.75, July 18.79, October 16.80 with futures closing up 1 to 36 points. Liverpool is expected to open Friday with gains from 10 to 12 points after the 11 o'clock call.
In New Orleans the cotton market surged after the census bureau July November consumption report. Prices jumped 26 to 1 points in early trading on bullish cables, faced profit taking, then steadied with net gains around 16 to 19 points before noon and 8 to 10 by 1:30 p.m.
New Orleans reports cotton futures steady with December at 17.74, January 17.75, March 18.09 and other months higher. Prices show some gains across the board with closes around 17.6 to 18.7 and various bid levels.
Liverpool spot cotton trends weaker with good middling at 11.054 pence per pound and middling 10.954. Total sales 7,000 bales, including 700 for speculation and exchange. Receipts 1,000 bales.
Liverpool and New York reports show quiet trading for futures with December through November contracts listed around 10.16 to 11.03 pence, and cotton seed quotations fluctuating from 12.15 to 12.35. Open noon and close figures appear, alongside daily rules and volume tallies for the session.
Marine intelligence from Galveston reports arrivals including Richard de Larrinaga of Britain Leopold II of Belgium and Bowden of Rotterdam with others and departures to New Orleans and Tampico. The Prairie Oil and Gas Company declares a quarterly dividend of 3 a share and an extra 2 a share payable January 481 to stockholders of record December 30.
Auction note lists a 38 UICK roadster with electric lights and starter in Al condition. Also offers a 2 seated top carriage Yard bargain 15 dollars. Apply 1829 N Flores St for details.
Wholesale prices to trade cover fresh vegetables and fruits. Potatoes onions and tomatoes lead with California values. celery cranberries cabbage peppers lettuce cucumbers and sweet potatoes follow. Dried fruits canned goods nuts and meats appear with assorted per unit and per weight rates across California Texas Arkansas and Illinois supplies.
New York sugar markets open easy with centrifugal at 6.39 and refined at 7.15. Prices drifted 3 to points lower by noon as Wall Street and commission house selling took effect.
Daily quotations show butter and eggs unchanged with receipts of 1499 cases. Butter 38c, creamery 38c. Eggs unchanged. Potatoes steady with 25 car receipts. White corn and Dakota goods priced across regions, fowls 17c, springs 16½c, turkeys 20c.
Quotations today show butter at 39%c for creamery, 37%c firsts, 35%c seconds, 28%c packing. Eggs at 29c for firsts. Poultry bids: hens 16%c, roosters 12%c, live turkeys 24c. Potatoes priced at 160 dollars.
In New Orleans on Dee 14 rough and clean rice held steady. Receipts recorded include 2301 sacks rough, 1229 sacks millers, and 6806 sacks clean with 379 pockets of Clean Japan and Blue Race 1s. Quotations show Clean Japan 2% and 3%, others unchanged.
Chicago December day brings bearish mood for wheat as reports of peace talks and German submarine sinkings unsettle traders. May and July wheat futures slide then recover slightly while corn and oats move under mixed demand and limited country offerings.
Kansas City on December 14 reports grain futures moving mixedly. Wheat closed at 1.68% for December and 1.63% for May. Corn finished 87% and 88% for December and May respectively, while oats held around 64% for white, 64% to 64% for No 2 mixed, and rye at 1.35.
Chicago cash grain prices show No. 2 red and No. 2 normal mixed for corn No. 2 yellow at 91 cents. Oats standard 52 to 53 cents. Barley around 85 cents. Provisions steady with little pressure as markets show muted demand and scattered trading.
Quotations today show higher oats and corn with No 2 white at 12. Oats higher No 2 53 4c. Rye at 1.41. No 2 hard and No 2 white corn quoted around 1.69 to 1.80 per bushel in St Louis.
Illinois markets report early prices with open quotes and ranges for bacon, lard, and cheese. Local packing house quotations list dry salt extras at 18 cents, bacon extras 18 cents, bacon bellies 14-16 pound average 19 cents, fancy breakfast bacon 28 cents, lard 18 and 15.5 cents, American cheese 28 cents per pound.
Buyers paid steady prices for eggs and dairy in San Antonio with Texas country can at 48c. Creamery butter ranged 30 to 34c per pound, country 25 to 28c, packing stock 24 to 26c. Poultry values were firm with hens 6.00 to 7.00, medium 5.00 to 5.50, small 4.25 to 4.75. friers 6.00 to 5.50, medium fryers 4.00 to 4.50, broilers 3.00 to 3.50. turkeys 22 to 23c per lb, ducks 6.00 to 7.00 per dozen, geese 10.00 to 12.00.
Fort Worth and Chicago markets show weakness with cattle dull at Chicago and mixed elsewhere. Hogs lack strength with a Kansas City dip, Fort Worth steady to lower, and sheep lifeless. Local market dull and slow with light shipments and few remaining cattle and hogs.
Fort Worth Texas cattle receipts 4000 with steers at 6.50 to 10.00, stockers 6.00 to 7.00, heifers 6.00 to 9.50, cows 4.90 to 6.50, bulls 4.00 to 5.25, calves around 4.0x. Bulk cattle 9.75 to 9.90, top 10. Sheep receipts nominal with lambs 9.50 to 11.50, yearlings 7.50 to 9.00, wethers 7.50 to 8.00, ewes 7.00 to 7.75, culls 3.00 to 6.00, goats 3.25 to 5.50.
Receipts and quotations from St Louis on December 14 show hogs at 16,500 with a steady to weak market and prices from light to heavy cuts. cattle receipts at 5,000 with a steady market and ranges for native beef steers yearlings cows stockers and Texas quarantine steers. Prime items are noted but cut off in the report.
cattle and calves prices include southern beef steers eight to nine dollars, beef cows and heifers four twenty five to seven fifty, prime yearling calves seven sixty to nine dollars. Sheep receipts around two thousand with market steady. lambs eight to thirteen twenty five, ewes six to eight seventy five, yearlings nine fifty to eleven twenty five.
Chicago market report shows receipts of 60 000 hogs and 10 000 cattle. Hogs steady with prices 5. aene to 9. aene. bulk 9. and. natives 6.9 to 12.6 for beef cattle. westerns 6.9 to 10.4. stockers 4.5 to 7.75. calves 3.75 to 10.10. Sheep firm with ewes 8.75 to 9 and lambs 10.75 to 11.35.
Hogs receipts 9000 market steady to higher with bulk 9.60 to 10.00, heavy 9.90, pigs around 8.00. Cattle receipts 3000 steady to strong with prime fed steers 10.50 to 12.00, dressed 7.50 to 10.50, southern cattle 6.00 to 8.75, cows 5.25 to 8.60, heifers 6.00 to 10.60, stockers 6.00 to 8.60. Sheep receipts steady to strong, lambs 12.00 to 13.10, yearlings 10.50 to 11.25, wethers 9.25, ewes and stockers 6.00 to 11.2.
Daily cattle auction results from Oklahoma City show 1850 cattle steady overall. Hoga at 2000 pens up to ten cents, top ten dollars with bulk between 9.60 and 9.95. Sheep 309 steady. Notable sales include AvWt 862 for Speagle Duncan 29 steers at 7.60 and Hoard 84 steers 8.10. Today's sales list 1114 oresare at 8.40 and Gedntation Lookeba 20 steers at 8. -
Cotton goods and yarns were quiet on Wednesday with worsted yarns steady and firm. Knit goods steady while hosiery rose. carpets and rugs advanced. In coffee, New York quotations show futures firm with No 7 option near March and May values at 8.59 and 8.73 respectively.
New York stock action opens with gains in select issues but soon reverses. Heavy losses sweep most major industrials as rails hold steadier. total volume around 2.3 million shares amid widespread declines and new records in some specialties.
R Mier a New York commission merchant, son of a former Mexican war minister, posted 1500 bond via a New York and Houston bank to secure release. He faces a conspiracy charge under neutrality laws for alleged efforts to ship ammunition to Mexico. Bond returnable in Houston February. He declares innocence and denies any Mexican faction ties.
Time loans for 60 and 90 days quoted at 4 percent with six months at 4 4 percent. Call money ranges high at 4 percent and low at 3 percent, ruling rate 4 percent, last loan 4 percent, closing bid 3 1 2 percent, offered at 4 percent.
Mercantile paper 4.4 percent. Sterling rates show 60 day bills at 4.71 percent for bank acceptances and commercial bills, with demand at 4.75 percent and cables at 4.76. Francs bid 6.8445, cables 5.08. Guilders bid 0.40, cables 0.41. Bar silver at 75.5 cents, Mexican dollars at 58 3/8 cents. Government bonds irregular, railroad bonds steady.
London market brief notes Bar silver at 86 4 per ounce Money at 4 percent Discount rates quoted for short bills at 5 and three months 6 percent.
John Pelligrino state mine inspector will start an official investigation tomorrow into the Stone City coal mine explosion that killed 20 men. He will be joined by J. J. Forbes of the federal bureau of mines and four district mining superintendents. A coroner's inquest will be held soon, and the Pittsburg Chamber of Commerce has begun relief efforts for affected families.
Local markets report price shifts for onions celery peaches apricots and other staples. Notable moves include California yellow onions at 4.50 per hundredweight and Oats at 67 cents per bushel in car lots.
The census bureau reports November cotton production at 584 082 running bales up from 514 743 a year earlier. For four months total production reaches 227 875 bales versus 1 978 635 last year, with on hand stock in consuming establishments and public storage totaling 2 199 799 and 4 098 928 bales respectively. Spindle activity stands at 22 753 937 in November, imports at 13 189 bales, and exports at 759 650 bales. Linters included and other figures follow, with December data reflecting continued shifts in usage and storage across states and facilities.
Mr and Mrs D D M Larry of Dallas stop at the Gunter Hotel. A H Johnson of Dallas is registered at the St Anthony Hotel. E Jones of prone Christi guests at the Menger Hotel. Harry Mitchell of Los Angeles arrives at the Gunter Hotel. Lon C Hill of Harlingen among guests at the St Anthony Hotel. Harry Parker of Bishop registered at the Menger. FE D Smithe of New York among arrivals at the St Anthony. E B Spiller of Fort Worth stopping at the Gunter. Hal C Bangs of Chicago a guest at the St Anthony. Mr and Mrs B Martindale from San Marcos have an apartment at the Gunter. C EB Price of Donna a guest at the Menger.
Alcazar gas ranges advertised at Sam Speir Hardware Co located at 219 Losoya Street with adjacent display area.
The San Antonio Municipal Chorus bass and tenor sections rehearse at St Mark’s parish house auditorium Thursday evening to prepare male chorus work for the outdoor Christmas observance under Rotary Club auspices on Friday night December 22. Conductor H W B Barnes leads. Sopranos and altos meet at 4 pm Friday to work on Wagner’s Pilgrims Chorus arranged for women’s voices.
The Texas Railroad Commission approved the San Antonio Belt and Terminal Company to issue 350000 in additional bonds or gold notes maturing in five years, bringing total authorizations to 1350000 tied to construction expenditures after a recent inspection by Chief Engineer Parker and Auditor Fitzgerald.
Turpentine firm shows 43 percent sales 78 receipts 136 ship ments 140 stock 23159. Resin firm reports 1499 sales 1263 receipts 655 stock 7054. Quotations list multiple grades with prices from 6.20 to 7.26 reflecting varied quality and demand in Savannah trading.
Lead firm figures show 7.52 percent with weak Spelter and East St. Louis delivery offered at 11 percent. Copper remains firm with electrolytic prices for first quarter around 32.50 to 34.00 for later quarters. iron steady. tin spot at 3.24 to 3.25.
Lead prices show 30 pounds sterling per hundredweight and 56 pounds 10s per ton. Spot copper at £142 10s with futures £136 10s. electrolytic copper at £164. Spot tin quoted £184 5s and futures at £4586.
Democratic Leader Kitchin announced Congress will recess from December 22 to January 2 for the Christmas holidays. Speaker Clark supported a shorter recess and Senate leaders agreed to adopt the resolution offered by Kitchin.
A school community meeting will be held at 7 45 Friday evening December 15 at Stephen F. Austin School West Euclid Avenue Supt Charles S Meek and Harry Hertzberg will address attendees The children's chorus will perform and invitations are extended to all school patrons and education supporters Air rifles shotguns and Winchester rifles listed at 219 Losoya St Adv.
Observations recorded at 8 a.m. on December 14 1916 note wind under 10 mph and precipitation under .01 inch not published. Allen Buell Meteorologist Weather Bureau.
Em ployes of the A. B. Frank Company will host a banquet Friday night at 8 o clock for the officers and stock holders. The Travis Club will host the event.
In Haskell Texas a printed warning signed the White Renters League was left under doors of business houses Tuesday night urging landlords to dismiss their black tenants and cotton workers. The issue follows a season of large cotton picking with many black laborers brought into the region. authorities report fear of remaining tenants.
City of San Antonio votes to approve plats for Heiman Street improvements from Sycamore to G. H. S. A. Railway area. Public hearing scheduled December 25, 1916, to assess costs by front foot against abutting property and owners. Includes contractor Rushmore & Gowdy and multiple property owners.
Dr. T. H. Hagerty 88 and Mrs. Hagerty, longtime Methodist minister and city missionary, are wintering in San Antonio from St. Louis. They reside at 717 Avenue C for several months. Hagerty has been chaplain of the Evangelical Alliance of St. Louis churches for two decades and hopes to answer one more roll call at an annual conference.
Daily Light Want Ads promote a dollar box giveaway with a sales pitch and advertising for Express Wagons Velocipedes at 219 Losoya Street along with hardware stoves and coal from Sam Speir Hardware.
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