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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 29, 1916
Page
11
The Liverpool exchange notes a mixed day as New York and New Orleans prices fall despite early gains. Spot San Antonio shows 16 26 middling, with the market unable to hold the morning strength and closing lower across key centers.
The New York cotton market opened steady with an 8 to 11 point advance amid firm cables and covering after yesterday’s drop. March futures rose to 17.56 before retreating to 17.13 by noon as selling increased and uncertainty over shipping and government controls unsettled sentiment.
Cotton futures opened steady with January through October contracts listed. Wholesale prices to trade cover fruits vegetables canned goods and staples including potatoes onions tomatoes celery cranberries and citrus with detailed per unit and per crate rates across California Texas and other regions.
The New Orleans cotton market opened with a 15 to 19 point gain amid strong cables and rising spot demand. By 1:30 pm prices fell 12 to 19 points from the day’s highs as heavy selling and bearish orders pressured trading, leaving values down 20 to 44 points from yesterday’s close.
The market showed little activity with gains of 15 to 25 points from the bottom. Cotton stayed steady but fell by 6 to 22 points.
In New Orleans on December 29 cotton opened steady with bids for January at 16.82, May 17.19, July 17.40 and October 15.80. Futures closed with mixed highs and lows across contracts, showing activity but uneven closes amid market uncertainty.
Spot cotton prices in Liverpool on December 29 show good middling at 10.75, middling 10.63, and low middling 10.47. Recorded sales total 6,000 bales with 1,000 for speculation and export. Receipts reach 1,000 bales.
Prices for several futures contracts were listed with fractional pence values, noting January through December months and corresponding spreads. The noon closing showed December futures at 10.374, with December-January at 10.37d value and various month pairings reported.
Friday morning reports show Texas round green beans rising to 3.50 and 4 per bushel, California navel oranges dropping to 2.50 a box, and poultry prices climbing across categories with large hens at 6.50 to 7.60 and turkeys at 23c per pound. Butter and eggs hold steady and corn syrup gains 6 cents per case.
Explanatory weather notes at 6 am describe air pressure and isotherms. Observations include temperature, precipitation thresholds, and wind indicators with references to past 24 hours and yearly totals.
The list shows prices for ARLIC new crop 15¢ per pound, Santi pepper 20¢, California dried beans varieties, and 8.50 to 11.50 per hundred pounds. It also lists hides tare and beeswax delivered prices, with green salt hides 23¢, dry flint 38¢, tallow five cents per pound, and assorted animal skins priced per unit.
A weathered stock report lists cotton bales for cities including Galveston New Orleans and Charleston with figures around 2040 and 108 respectively. It notes stock yesterday versus same day last week and a deficit this season nearing five hundred thousand bales.
Buyers paid varied prices for perishable goods in San Antonio today. Country butter moved 34 to 35 cents per pound, Texas creamery 30 to 34 cents, packing stock 24 to 25 cents, and country 6 to 8 cents. Poultry values rose with hens, fryers, and turkeys cited. turkeys 23 cents per pound, ducks 6 dollars to 7 dollars per dozen, and geese 16 to 12 dollars per dozen.
Quotations show creamery products firm with firsts at 40 to 41 cents and ordinary firsts at 35 to 36 cents. Potatoes steady with 20 car receipts. White potatoes priced across regions from Washington Idaho Colorado Oregon at 1.65 to 1.80, Michigan 1.56 to 1.65, Wisconsin 1.49 to 1.60. Poultry alive lower with fowls 15 to 18 cents, springs 18 to 24, turkeys 23 cents.
Quotations listed for Kansas City on December 29 show butter at 40% cents for creamery firsts 39c seconds 37c packing 28c. Pens firsts 40c. Poultry prices include hens 16 cents roosters 12 1 2 cents turkeys 24c. Potatoes at 1.65 dollars per bushel.
Marine intelligence from Galveston dated December 29 reports no arrivals. It lists sailings including the Norman Bridge bound for Tampico with tug chief, the ship Edward Sewall departing Port Arthur, and El Sol sailing to New York.
Four million dollars worth of cotton tied in Warehouses for weeks due to eastern embargoes began moving out of Little Rock and other Arkansas points today after embargo modifications. The shipments total 40,000 to 45,000 bales.
Complaint filed with the Interstate Commerce Commission by the Houston Chamber of Commerce charges southwestern railroads with discriminatory rates on sugar and green coffee from New Orleans and Louisiana points to Galveston Texas.
In Victoria Texas over 190 bales of cotton valued near 10000 dollars were picked from the ground on the A M McFaddin plantation at Marianaia county over the past three weeks. The storm last August scattered the crop but surviving bolls were found under cut grass in meadows and recovered by order of Mr McFaddin.
The last session of the year opened with pressure on the general list. United States Steel led declines after a heavy trading day with 3000 shares at 108% and 103% amid overall weakness. Several industrial and utility stocks fell while some issues posted fractional gains amid thin dealings and irregular price action.
Reports from the northern centers show cattle strong to steady with minor declines, while hogs remain largely weak, down five to fifteen cents at Oklahoma City and up slightly at St. Louis. Sheep stay steady except Fort Worth, and receipts at San Antonio include cattle, calves, hogs and horses.
Pennsylvania crude oil quotes were raised by 10 cents to 2.85 after advances in Mercer Black 2.30 Corning 2.26 Cabell 2.22 Somerset 2.05 and Landland Reg land unchanged at 95. Refiners say ample supply at above ground but producers hold until higher prices with some aiming for 3 dollars before releasing stocks.
Mrs. Elizabeth Molineux, formerly a teacher on the Shivwits Reservation, has devoted eight years to assimilating Indian culture and improving hygiene among about 135 Piute on Shivwits in Washington County. She plans to head to Ketchikan Alaska for a mission school assignment after a Salt Lake stay with Bishop Paul Jones.
Cattle receipts totaled 900 with mixed prices for steers stockers and cows. Hogs reached about 3200 with prices five cents lower and a top near 10.50. Sheep numbers were low at 50 with lambs around 10.00 and 8.60 to 9.50 for yearlings and wethers. Goats sold around 3.25.
Chicago December market notes show hog receipts 44000 with slow trade and prices 9.65 to 10.40 for light to 10.60 bulk. Native beef cattle 7.25 to 11.80, western cattle 7.25 to 10.00, stockers 5.25 to 8.15, cows and heifers 4.25 to 10.00, calves 8.50 to 12.50. Sheep receipts 9000 with steady demand. wethers 9.19 to 10.25 and lambs 11.256 to 13.60.
Receipts and quotations for hogs cattle and sheep from Kansas City market show hogs at 9.80 to 10.55 in heavy ranges and 8.00 to 10.46 for packers and heavy buyers. Cattle receipts at about 600 with prime fed steers 10.25 to 11.50 and cows 5.25 to 8.50. Sheep receipts around 4000 with lambs 12.75 to 18.40 and wethers 8.76 to 9.76.
Receipts and quotations from St. Louis show hogs and cattle markets moving higher. Hogs: receipts 4600. lights 10.65 to 10.70. pigs 7.75 to 9.50. mixed and butcher 10.45 to 10.75. good heavy 10.70 to 10.80. Cattle: receipts 2000. native beef steers 7.60 to 11.50. yearlings and heifers 8.50 to 11.50. cows 6.50 to 8.50. stockers and feeders 5.30 to 7.70. Texas quarantine steers 5.50 to 8.00. prime southern beef steers 8.00 to 9.00. beef cows and heifers 4.25 to 7.50. yearling steers and heifers 7.50 to 9.00. native calves 6.00 to 12.25. Sheep: receipts 1500. lambs 9.00 to 13.56. ewes 6.00 to 9.60. yearlings 10.00 to 11.65.
Cattle strength noted with 600 head Wed. hogs 2700 head. prices shown for individual buyers including Martin Comanche Okla and Johnson Norman Okla. First National Bank Anadarko Okla listed. cotton seed oil and turpentine market activity reported in Savannah and New York with resin and price quotes for multiple grades.
A discussion sparked by Robert Grant in Scribner's Magazine argues that the modern woman who thinks rather than acts faces fewer penalties for her sex. The piece notes that seventy five percent of libellants are women and that liberal divorce laws are a democratic fixture in the United States, with emancipation tied to ongoing social reform. It cites female petitions at the bar of social justice and claims divorce relieves women from masculine abuse, supporting democracy. The column closes with a quip about Hobson and a coal bill.
In New Orleans on December 29 rough and clean rice stayed firm with unchanged quotations. Receipts reported: rough 2148 sacks, millers 2143 sacks, clean 1646 pockets. Sales included Clean Honduras 8271 pockets, Japan 1158 pockets, Blue Rose 169 pockets.
New York closes with mixed readings as mercantile paper yields rise to 4.4 percent. Sterling bills quotings show 60 day at 4.71, commercial bills at 4.71 and 4.76 on demand. Cables and francs fluctuate with francs at 5.84 and guilders at 40% for cables. Government bonds steady and railroad bonds firm amid varied currency values.
Time loans ease on 60 and 90 day and six month terms to 3 4 per cent with call money steady high 8 per cent low 2 per cent ruling rate 3 per cent last loan 2 1 2 per cent closing bid 2 per cent offered at 2 4 per cent.
London money market details show bond and bill discount rates with short bills at 6 1 4 percent, three months at 6 percent, and 5 percent for other standards. The figures indicate tighter liquidity conditions and general rate levels on December 29.
New York metal markets report December 29 shows lead at 7.60 to 7.52, copper electrolytic ranges 29.00 to 32.60, tin at 41.26 to 42.00, and ton prices steady. Speller quiet and spot East 81. Levis delivery noted.
The report lists lead at 30 pounds sterling 14s, spelter at 51 pounds, spot copper at 1388 pounds 10s and futures 134 pounds 10s, electrolytic at 160 pounds, spottin at 178 pounds 10s and futures 180 pounds 10s.
Observations taken at 7 am on Friday December 29 1916. Wind velocities under 10 miles per hour and precipitation under .01 of an inch are not published. Llenn Buell superintendent Weather Bureau.
New York reports record Christmas gifts for Wall Street employees as war material trade boosts profits. Brokers tally large commissions in November. some firms announce generous year end gifts while others hint at 10 to 16 percent raises or six months’ salary.
The annual report of the U S Department of Agriculture says nearly 5 million square yards of road were built under federal supervision in the last fiscal year, more than doubling prior output. Projects cover experimental, post, county, park, and forest roads, with 170 miles in national parks and forests and a continuous Washington to Atlanta through route maintenance record.
Chicago December day sees wheat slide early on Wall Street weakness and government selling rumors, then recover as export demand and Liverpool reports signal tightening supplies. Corn follows mixed moves with hopes of hog price lifts sustaining gains. oats mirror corn with light trade and uncertain close.
The report lists grain prices with wheat mostly steady to lower and corn prices around 1.75 to 1.80 for No 2 red. No 2 white corn at 89 cents. No 2 yellow oats steady. Rye quoted at 1.35 dollars.
In Kansas City trading, grain futures moved higher with December wheat at 1.74 and May at 1.68. Corn rose to 87 and a half cents with May corn around 88 cents per bushel.
Quotations for wheat corn and oats listed for December 29 show No 2 red winter No 2 hard No 2 yellow and standard oats with barley prices noted. Prices range with oats at 65 to 66 cents per bushel and barley around 85 cents to 1.22 dollars per bushel depending on grade.
ST LOUIS Dec 29 Quotations were as follows today Wheat steady No 2 red 1.82 1.87 No 2 hard nominal con steady No 2 8c No 2 white c Oats steady No 2 82 52c No white nominal Rye nominal
Chicago market notes list local packing house quotations for Friday with items such as dry salt extras at 16 1/2 cents, Lacon extras, bacon bellies 14-16 pounds at 17 cents, fancy breakfast bacon 28 cents, ham 22 cents, lard 17 1/2 cents, compound lard 16 cents, and American cheese 27 cents per pound.
In New York on December 29 sugar futures were quiet with early prices 6 to 7 points higher. Raw sugar remained firm while centrifugal and refined lines showed limited movement. Refined granulated sugar traded around 6.98 dollars per hundredweight.
A brief New York coffee market item notes irregular trading and price references for March and May contracts, with late December observations indicating unsettled activity and an 88.78 level noted for May.
The Federal Reserve Bank in St. Louis announced a discount rate adjustment today. The move signals monetary policy stance and aims to influence borrowing costs across banks and financial institutions.
New York December 29 cotton prices showed steadier trading with gains in raw silk as yarns and men’s wear demand rose. Dealers noted attached menu buyers and firmer textiles signaling cautious optimism in market activity.
A charming girl visits town with a friend and ends up in a church event. She is put in charge of a cow stall where a middle-aged man appears. He asks about buying chocolates and the girl says five dollars, prompting the victim to consider the situation with no clear evidence of conscience. The incident reflects pressure and questionable conduct toward the girl.
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