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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 25, 1916
Page
15
Market report shows Gutton closing lower amid firm spot prices. Traders note continued confidence despite a downturn as buyers stay active and bids firm up across key commodities.
Cotton prices at speculative centers fell on Washington warnings of a serious foreign situation. Spot markets held steady as holders resisted lower offers. San Antonio buyers quoted 10.85 for middling delivered to local compresses, with broad disagreement on actual staple value and politics surrounding an NY Cotton Exchange investigation.
The New York cotton market opened with declines of 5 to 1 point amid renewed selling from Western sources and lower cables. May, July and October fell to new movement lows before late rally attempts from covering steadied prices around 11.31 for May and 11.52 for July, with overall air of cautious selling persisting as the day closed steady.
A San Antonio feature touts Light Want Ads as the best way to find rooming and boarding. It claims top reach and a 70 percent higher paid home circulation than rivals, with pricing for 15 word ads at various frequencies.
The San Antonio wholesale markets show no special features on Friday with liberal receipts of country produce and steady demand. Prices remain few and fractional changes while country traders gain funds to pay bills and collections improve from recent months. Grocers report no major changes as sugar coffee and staples stay firm and canned goods move freely. The vegetable season nears and grain and flour markets monitor fluctuations at the centers.
Pope Benedict XV named Right Reverend Bishop W. Shaw assistant at the pontifical throne for the San Antonio diocese. The appointment honors his charity to exiled Mexican priests and faithful. Official notice awaited. Assistants at the throne join papal household, serving as book and candle bearers and celebrating high mass with the pope.
Moderate recovery from the prior session appeared at the open with quiet cautious trading. Washington reports plus favorable developments lifted sentiment as American Woolen gained another point while a few issues like California Petroleum Cruci ble Steel and Industrial Alcohol rose fractions.
Dr. Stockton Axson of Rice Institute closes his lecture series Saturday with two talks at the high school auditorium. At 4 PM he speaks on The Spirit and Art of Robert Louis Stevenson and at 8 15 PM on Kipling and the Military Idea.
Edwin B. Andrews 59 died at a San Antonio sanitarium at 2 45 PM Thursday from la grippe. He was born in Galveston and later worked in railroads before joining a local asphalt company. Survived by daughter Martha C. Andrews of Galveston sister Mrs Lillie Page of San Antonio brothers R W Andrews of Chicago Ben Andrews of this city and half brother Henry B Andrews of New York City. Funeral 4 PM Friday at Ben Andrews home 1403 Monterey street with Rev Philip Cook of St Marks Episcopal Church officiating. Interment in Alamo Masonic cemetery. Pallbearers named.
The Pan Hellenic Association of San Antonio postpones its annual banquet at the Gunter Hotel due to hunters’ season end. A meeting in the State Bank and Trust building office will decide a new date, likely March 11, with speakers’ program finalized by Monday.
Trading in Mexican money in San Anomen Friday showed quotations with Mexican dollars at 43 1 4 to 43 5 8 cents. Mercantile paper at 3 1 2 percent. Sterling 60 day bills 4 71, demand 4 76 16, cables 4 76 15 16. Bar silver 57 cents. Government bonds steady, railroad bonds irregular.
New York reports time loans firm with 60 day notes at 2 to 3 percent, 90 days at 2 to 3 percent, six months at 3 to 3.5 percent. Call money steady with high 2 percent, low 1 percent, ruling rate 14 percent, last loan 2 percent, closing bid 14 percent, offered at 2 percent.
London financial note reports bar silver at 271 164 per ounce and money at 4 4 percent. Discount rates for bills and three months stand at 6 percent.
Democrats from cotton growing states met in Washington to urge a congressional investigation of the New York Cotton Exchange alleging bear manipulation to depress cotton prices. They plan a bill to regulate exchanges and draft a resolution for an immediate full inquiry, with a committee from cotton states to lead.
New York February 25 Abnormal export trade from the eastern states due to large war material and provision orders from Europe has eastern railroads detaining thousands of cars owned by western lines threatening disaster to western crops. Illinois Public Utilities Commission member H. Funk and Illinois Grain Dealers Association director E. I. Wayne say about 60 000 cars are needed to move Illinois corn within 30 days. railroads blame lack of vessels for export trade as the reason cars sit at seaboard.
Texas farmers face a wheat crop well under half of last year with oats down about three quarters in some areas. Replanting is underway as freezing, excessive moisture, drought, and green bugs are blamed for the poorer harvest across several sections.
Cotton in Liverpool eases with good middling at 7 9 94d and middling 7 7 24d. Sales reach 4000 bales including 1000 for export and speculation. receipts total 14000 bales.
Liverpool reports futures steady with figures for several delivery periods. February 7.59 percent, March 7.54 and 7.52 for later pairs, summer 7.46, autumn 7.31, winter 7.27 to 7.22 range.
New Orleans Feb 25 cotton futures opened steady with an opening bid unchanged as traders awaited further market cues and nearby supply signals in a narrow early session.
Fragmentary OCR data shows multiple dates values and prices, with lines like March 10.80 May 11.11 July 11.36 October 11.59 and December 11.73, plus closed 3 to 6 points and scattered numbers. No coherent event or entities can be identified from the text.
Lead bids at 6.35 with no quotation for spelter. Copper remains firm for electrolytic near term at 28.50 with June and later at 27.00 to 27.50. Iron steady and unchanged. Tin strong on spot at 43.50.
London metal quotes show lead at 32 pounds 7s 6d sterling, spelter 108 pounds sterling, copper spot at £102 with futures at £100, electrolytic at £136, tin spot £184 with futures £184 15s.
New York reports firm cotton goods with broad demand and active knit goods. Yarns and fancy dress goods show inactive demand for fall. Jobbers note heavy trade across the dry goods sector.
Quotations list butter creamery at 24 32 cents, eggs lower with 6962 cases received. firsts at 20 1 2 cents, ordinary firsts at 19 1 2 cents per dozen and at mark. Potatoes receipts 23 cars unchanged. Poultry alive higher with fowls at 17 4 cents and springs at 14 4 cents.
R. O. McCormack secretary of the Fort Worth Chamber of Commerce for six years will resign to join the San Antonio Portland Cement Company in San Antonio. Known as a live wire in business circles, he led aggressive campaigns for Fort Worth and is credited with boosting freight rate influence and the city’s industrial status.
T. C. Reynolds a contractor was fined $200 by Judge Lowther in the corporation court on a tuberculosis housing ordinance violation. He gave notice of appeal through counsel, while city health secretary William Herring warned that the Denver boulevard sanitarium must close within 24 hours or a second charge would be filed.
In Chicago on February 25 the grain market showed strength despite Ameri can relations with Germany. Wheat opened 0.5 to 1% higher, rallied, then settled 1.5% up, May at 1.18 1/8 and July at 1.15 3/4. Corn mirrored wheat with a firmer close, oats moved with the market, and provisions rose as speculators readily bought offerings.
Carlot buvere lists grain prices delivered in San Antonio with Texas and northern grades for Wheat No. 1 markets around 1.85 to 1.96 per bushel and Corn at 78 to 80 cents for No. 2 mixed and No. 2 white, Oklahoma prices aligned with Texas grades. The report notes bulk and sack packaging costs for Texas red and northern white varieties.
Friday quotations list dry salt extras at 18 cents, bacon extras 14 cents, dry salt bellies 14 to 16 pounds averaging 16 14 cents, fancy breakfast bacon 24 cents, fancy hams 1 cent, bacon tellies 14 to 18 pounds averaging 17 1/2 cents, pure lard 11 1/2 cents, compound ttc.
Quotations list for February 25 showing wheat at 1.20 for No 2 red and 1.17 for No 2 hard, corn at 73 cents for No 2 and 73% for No 2 white, with dates and other No 2% and No 2 white notes.
Kansas City market update shows wheat No 2 at 1 191.16, No 2 red 1.11 1.14, corn No 2 mixed 69 with white at 70 0c, oats No 2 white 47 48c and No 2 mixed 4 45c.
Wheat May 1.09% July 1.09. Corn May 0.72? July 0.73. Oats May 43 44.
Market notes list No 2 red wheat at 1.17 and 1.1814, No 2 yellow corn at 77 c, oats standard at 44 44 c, and barley at 64 73 c.
Liverpool reports show American cotton totals at 69 000 bales with 73 000 forwarded to mills. Stock at 858 000, imports 123 000, exports 24169. American totals include 607 000 imports and 98 000 exports.
New York reports No 7 Rio coffee futures steady with March at 7.67 and July at 7.85, as the market holds at the day’s levels.
Mark Sullivan of Colliers Weekly testified before the Senate Brandeis nomination committee that Colliers paid Louis D Brandeis 25000 as its attorney in the Ballinger Pinechet investigation with 2686 in reimbursements He produced the payment check and Charles E Kelly noted Brandeis wished the arrangement not to be public knowledge on policy grounds
Wholesale prices to the trade show eggs steady and butter firm with Texas creamery 31 38 cents per pound. Country 18 20 cents, packing stock 12 15 cents per pound. Poultry values hold with hens at 5.00 to 6.00 per dozen, friers 4.50 to 5.50, broilers 2.00 to 3.56, along with turkey, ducks 4.00 to 5.50 per dozen, geese 7.00 to 10.00 per dozen.
New York reports cotton seed oil softening with spot at 9.704 to 10.50. February bids 9.70 while March 9.704 to 9.73. April 9.60 to 9.65, May 9.48 to 9.50, June 9.49 to 9.50, July 9.49 to 9.50. Anenet 9.51 to 9.62, September 9.51 to 9.93. Total sales 1000.
Quotations listed show butter at 32 cents creamery and 28 and 24 and 21 cents for firsts seconds and ages. Poultry prices include hens 13½ cents and turkeys 20 cents with spring chickens at 16 cents.
In New Orleans on February 25 the market held firm across all rice grades except clean Japan which remained steady. Quotations were unchanged with receipts totaling rough 976, millers 2797, clean 4164 bags and sales of 669 sacks rough Honduras at 2.55 dollars per sack and 2663 sacks rough Honduras at 2 1/2.
The Houston Electric Company filed its annual report showing a decline in gross earnings by 396 192 and net earnings by 46 0990. The drop is attributed to jitneys and related operating factors.
Savannah readers see mixed commodity data with firm readings in turpentine and resin markets. Quotations list agents A B D F G K M N W G W W with varied prices and multiple receipts shipments and stocks noted.
Cattle remained firm and higher at the Union Stock Yards as hogs fell slightly. Fort Worth reported a 15 cent rise in beef cattle while hog prices declined, with northern markets mixed but cattle generally strong. San Antonio offered a featureless market with limited sales and steady prices across divisions.
Fort Worth Texas reports cattle receipts around 1000 with steady to higher values for Reeves 6.50 to 7.50 and cows 3.25 to 6.50. hogs receipts about 2700 with active bidding and bulk 7.80 to 8.05. lambs 8.50 to 10.50 and yearlings 7.50 to 8.50, ewes 7.00 to 7.50, goats 3.50 to 5.00.
Chicago market report shows hog receipts 28 000 with slow bulk 8 25 to 8 50 and pigs 6 50 to 7 50. Cattle receipts 3 000 and a weak market for native beef and western steers with cows and heifers 3 25 to 8 25. Sheep receipts 10 000 with steady market. wethers 8 00 to 8 40 and lambs 9 25 to 11 35.
Kansas City Mo February 23 heavy hogs mixed to steady market with bulk around 7.95 to 8.30 while heavy 8.18 to 8.38 light 7.90 to ? pigs 6.50 to 7.50 cattle receipts 700 market steady prime fed steers 8.50 to 9.00 dressed beef steers 7.35 to 8.50 southern feeders 6.25 to 7.50 cows 4.50 to 7.00 heifers 6.60 to 8.56 stockers 6.25 to 8.35 sheep receipts 000 steady active lambs 10.50 to 11.99 yearlings 3.75 to 8.25 wethers 4.00 to 8.25 ewes 7.00 to 7.70.
Receipts and quotations from St Louis show hogs at 6.90 to 8.55 for various classes, cattle receipts at 900 with steady market and prices from 4.00 to 11.00 for native calves, stockers, cows, yearlings and steers, and sheep with yearling wethers 3.00 to 10.00 and lambs 9.00 to 11.40 while ewes bring 6.50 to 8.10.
Oklahoma City market reports show 250 cattle steady, 3500 hogs at 10 cents lower with top at 8.15 and bulk 7.80 to 8.05, and 300 sheep steady with top 10. Vendors listed include J. and Bond Blanchard and others from Oklahoma towns. Fort Worth notes cattle sales February 23 with various buyers and weights. prices around 7.50 to 7.48 for high grade steers and mixed lots.
Marine intelligence from Galveston lists arrivals including the FE Rio from New York and ships Topila Tampico Marian a New Orleans. It also notes sailings of Eidsveld to Norway Mar Del Norte to Spain.
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