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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 23, 1916
Page
7
The Dec 23 cotton market opened quiet but steady with bullish weekly stats on mill takings exports and tight supply lifting prices. New York closed 56 to 61 points higher, New Orleans 57 to 69 higher, while San Antonio spots stood at 15.88 with no market on Monday due to the holiday.
Cotton markets showed no outside influence as Christmas approached. Early gains of 17 to 33 points paused as March and July contracts rose, then retreated before Wall Street and regional buyers pushed prices higher. By close, March reached 17.00 and July 17.82, up 39 to 60 points net.
New York futures markets showed firm cotton prices with opening quotes in January 16.23 March 16.61 July 17.04 and October 15.46. Futures closed 55 to 61 points higher with notable gains across main months as settlement figures drifted.
The New Orleans market opened steady to firmer as weekly statistics show large mill takings and shrinkage. Prices advanced 26 to 32 points early, with covers by short sellers and buying for both accounts. Active months rose 53 to 60 points from yesterday.
New Orleans markets show opening bids for January at 16.74 and March 16.07 with May 16.40 and July 16.69. October 14.85. Futures closed 57 to 59 points higher. Liverpool data revised with weekly cotton sales about 30 000 bales and exports around 19 00 bales.
New York sugar market opened inactive but steady on covering. By noon raw sugar held quiet with centrifugal at 5.14, refined dull, fine granulated at 4.27, unchanged to four points higher.
American exports to Italy in the first eight months of this year reached 300 million dollars, double the same period in 1915. Italy’s total foreign trade rose by about 560 million dollars, but its purchases from the United States remained a major factor.
New York on December 28 saw all exchanges closed except stock markets. An advertisement for Universal Percolators and SAM SPEIR HARDWARE CO lists products and a hardware shop address at 219 Losoya St.
Wholesale turkey prices advanced one cent to 22 and 23 cents a pound Saturday. Other poultry, butter and eggs held steady while fresh fruits and vegetables also unchanged. Commission men reported a rush of business and no time to adjust prices, with provisions and groceries remaining steady.
Prices paid for country produce in San Antonio on Saturday include eggs at 35 to 36 cents per dozen, butter mostly 30 to 34 cents per pound, creamery products 30 to 34 cents, and packing stock 24 to 26 cents. Poultry values show hens from 4.25 to 7.00, large friers 4.75 to 5.00, broilers 2.40 to 3.00, turkeys 22 to 23 cents per pound, ducks 6.00 to 7.00 per dozen, and geese 10.00 to 12.40 per unit.
Chicago reports steady butter and eggs with 2038 cases of firsts at 40 to 41 cents. Creamery butter at 38 to 39 cents. Potatoes rise with 22 car receipts. Poultry shows weak live prices with fowls 14 to 17 cents and turkeys at 22 cents.regional white potatoes range from 1.40 to 1.80 per hundredweight across states.
Quotations today show butter at 40 and 39 for firsts with 37 for seconds and 28 packing. Eggs at 36 for firsts. Poultry lists hens at 16½ cents roosters 12 cents and turkeys 24? Potatoes steady at 1.45 to 1.60.
Local packing house quotations list dry salt extras at 15 percent and Lacon extras on dry salt bellies averaging 14 to 16 pounds at 174 cents. Fancy breakfast bacon at 28 cents, fancy ham at 22 cents, bacon bellies 14 to 16 pounds at 19 cents. Pure lara 17 and a half cents. Compound cheese at one half cent per pound.
The Federal Farm Loan Board weighs 150 cities for twelve new farm loan banks and is giving Houston Texas special consideration. Other closely watched cities include Springfield Massachusetts Baltimore North Carolina Charlotte New Orleans and Hutchinson Kansas. Board decisions on six banks are near and announcements are due within two weeks.
Cotton stock figures for Galveston Houston New Orleans Mobile Savannah Charleston Norfolk and other ports show a season deficit of 165 469 bales compared with last year and a decrease from yesterday. Breck reflected 1 602 332 bales as standing stock and 1 651 247 bales as last week figure.
December 23 report shows cattle steady to 6 cents lower, hogs 59 cents lower at Union Stock Yards with few receipts and prices unchanged overall. market closed Monday.
New York stocks open irregularly with declines in many issues while United States Steel and other steels rise minimally. Heavy selling hits coppers and betSteel with Bethlehem and U S Steel dropping sharply. Atlantic Gulf West Indies and Gas issues gain in a dull session.
The army releases transfers effective on set dates across Infantry Cavalry and Field Artillery. Notable moves include COL Atkinson from Thirty-second to Ninth and MAJ J F J to Third, CAPTAIN BARLOW from First to Third, CAPTAIN BLACK from Twenty-fifth to Twenty-eighth, and CAPTAIN FREDERICK F BLACK. Also MAJ SHORT moves Fourth to Sixteenth, and FIRST LIEUTENANT DAVIDSON attached to Twenty-seventh Infantry heading to Manila.
The report lists visitors staying at San Antonio hotels including James P. Kelly of St. Louis and Aubrey Montgomery of San Francisco at the St. Anthony. Fort Worth’s F A Hall and Alpine’s Asa Jones are at the Gunter, with arrivals from New York J Dorothy South and M W Taggart at the St. Anthony and other guests at the Menger and Cunter hotels.
Stamp sales at the local post office are approaching $500 000 with about $21 000 already netted through December 31. Saturday business remains to be deducted and is expected to push past $3 500. Six days remain in the month for stamp sales. the post office closes Christmas day except for one hour of stamp and parcel post window service. Carriers will make one delivery.
New York report states Standard Oil Company raises refined oil price by one cent per case for export to 4175. The change affects shipments and market pricing amid trade activity in late December.
Chicago December 23. E E Hooper secretary of the Lumbermen's Association says all lumber workers in the United States will receive an immediate wage increase of from ? to 106 a cent. The raise applies to both union and nonunion workers even though union contracts still have a year to run.
In New York on Friday December 23 cotton goods and yarns were quiet with an easing tendency while wool markets remained quiet with quotations near record highs. Silke showed strength and taffetas were in better demand.
Independence Kansas December 28 the Seville United and Gas Company raised crude oil price by ten cents per barrel marking another modest increase as trading continues in regional markets.
The Federal Reserve Bank of Chicago announced a 6 percent dividend on Friday. The decision was disclosed from Chicago, marking a notable move in the financial sector for the period.
Trading in Mexican money in San Antonio on Saturday shows bids for silver peso and half pesos, state and national bank notes quoted. In London on December 23 bar silver 36 11 16d per ounce and money 4 percent with discount rates for short bills at 6 percent and three months at 5 6 percent.
Fort Worth market report shows cattle receipts 2000 with steers at 6.00 to 9.00, stockers 5.00 to 8.50, heifers 5.50 to 7.50, cows 1.00 to 6.00, calves 4.00 to 268.50. Hogs receipts 2500 with bulk 10.00 to 10.25 and top 10.92. Sheep receipts 3000 with lambs 9.25 to 11.25, yearlings 8.25 to 9.25, ewes 7.76 to 8.25, lambs 7.00 to 7.75, goats 3.50 to 6.00.
Last chance four days only to buy a 90 acre Bexar county farm at 30 dollars per acre cash no trade. 60 acres in cultivation includes a house and well. Whitaker 1933 BE Commerce St.
Public hearings in the Federal Trade Commission news print paper investigation will resume Friday December 29. The commission will tackle unfinished phases including reasonableness of prices cost of manufacture and jobbers profite.
Fire destroyed the home of Mrs. J. H. Carr at 105 Hale Street on Saturday morning. The house and contents valued at 600 with no insurance. A separate blaze at 849 Perez Street damaged a barn for about 50 dollars. cause undetermined. A trash fire near South Presa and Carolina triggered a company No. 18 response with no damage.
The William J. Burns Detective Agency issues a warning about a man allegedly shoving bogus traveler's checks. The alert cautions the public to verify check authenticity and avoid potential fraud by this suspect.
A Houston office warns that a con artist is active in several large Texas cities during the Christmas rush. He offers a $200 Canadian Bank of Commerce traveler's check, backed by a genuine looking letter of identification. The actual check is counterfeit, matching one of three genuine bank checks previously purchased by the swindler. Warrants are pending.
A fragment from a 219 Losova Street item notes a man recounting how he refused his wife’s request to learn to drive. He admits he normally yields but had to sit beside her and brake at every tight spot, illustrating relationship friction over driving lessons.
Turpentine remains steady at 52 percent with receipts of 248 and shipments of 6, alongside firm resin totals. Sales reach 769 with receipts 1258 and shipments 43, listing several grades and prices such as A B E F at 6.00, H 4.05, J 6.10, and W G around 7.06 to 7.20, reflecting a cautious but steady market in Savannah on December 23.
Observation taken at 7 am reports below zero temperatures with light winds under 10 mph. Butter price noted as fifteen tubs at 38 cents. Allen Buell meteorologist notes precipitation under .01 inch not published.
Chicago on December 23 reports hog receipts of 22 000 with a slow market. Bulk grades sell from 9.04 to 10.30 per hundredweight and pigs bring 7.50 to 9.25. Cattle receipts reach 1000 with steady trading. native beef cattle 7.00 to 11.75, western steers 7.00 to 10.00, calves 8.00 to 11.76. Sheep receipts 4900 with steady markets. wethers 9.00 to 10.00, lambs 11.25 to 13.45.
St Louis market report details receipts and steady prices for hogs cattle and sheep. Hogs range lights to heavy 7.75 to 10.65 with bulk 10.19 to 10.80. Cattle include native beef steers yearlings cows and calves with varied quoted ranges. Sheep show lambs 8.00 to 13.25 and yearlings 9.00 to 11.25 for the day.
Receipts and quotations from Kansas City show hogs 2000 head with a steady market. bulk 9.80 to 10.25, heavy 10.15 to 10.30, packers and butchers 10.25 to 10.50, pigs 8.00 to 9.00. Cattle receipts 100 with steady tone. prime fed steers 11.00 to 11.25, dressed beef 7.50 to 10.25, cows 4.25 to 8.25, heifers 6.50 to 10.50, calves 6.00 to 11.00. Sheep receipts 100 and market steady. lambs 9.50 to 10.50, yearlings 10.50 to 11.50, wethers 8.50 to 9.50, ewes 8.00 to 9.00, stockers 6.00 to 12.00.
Mercantile paper 474% per cent Sterling 60 day bills 4.71 percent commercial 60 day bills on banks 4.71 percent cables 4.75 percent demand 47 Francs 84 percent cables FH RIM Guilders demand 40 percent cables 40 percent Bar silver 75 4 cent Mexican dollars 58 percent Government bonds steady Railroad bonds firm
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